It appears that extreme bullish sentiment is starting to cool after BTC reached its all-time high of around $66,900 two weeks ago. Still, some analysts see room for a slight pullback as open interest rises in the bitcoin futures market. Bitcoin tends to gain 11%-18% in the fourth quarter, which is one reason why some […]
According to Ira Kleiman, his late brother David – a fellow computer expert and longtime friend of Wright – was the co-creator of Bitcoin and is entitled to a share of a trove of bitcoin currently valued at $66 billion. Rosche told the jury that Wright was diagnosed over the phone by Klin who had, […]
The top cryptocurrency rallied nearly 40% in October, hitting a fresh record high of $66,975 as investors cheered positive seasonality and the launch of futures-based bitcoin exchange-traded funds in the U.S. While key indicators favor a positive follow-through in the coming months, it may not be a smooth ride if the impending scaling back of […]
When Gutierrez entered her personal information, a screen popped up saying her document number was already associated with a wallet. 14, Cristosal, a human rights organization in El Salvador, received 755 notifications of Salvadorans reporting identity theft with their Chivo Wallets, Rina Montti, the group’s director of human rights research, told CoinDesk. With the adoption […]
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. …Read the […]
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. …Read the […]
Bitcoin is breaking above a short-term downtrend, which could support further upside toward the $65,000 resistance level. The relative strength index on the daily chart is rising from neutral levels, which means the pullback in BTC’s price is starting to stabilize. On the other hand, an immediate price pullback could be limited around the $53,000 […]
Think of a pile of gold in a vault somewhere, against which shares are issued and sold on the open market. But in terms of counterparties, when you own gold or you own bitcoin, the price is the price, and you own what you own regardless of how that affects anybody else in the world. […]
Bitcoin rose toward $61,000 on Thursday, albeit within a choppy trading range. On Wednesday, El Salvadorian President Nayib Bukele tweeted that his government had “bought the dip,” adding an additional 420 BTC to the treasury, the equivalent of around $25 million. “Some believe what is happening is a quick balancing process and preparation before the […]
Bitcoin continues to decline after buyers failed to sustain last week’s all-time high of around $66,900. A pullback was overdue and more downside volatility could be in the offing, CoinDesk’s Omkar Godbole reported. Still, technical indicators show bitcoin’s pullback could stabilize. So far, the new ProShares fund’s returns are falling short of the performance of […]
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. …Read the […]
In the bitcoin futures market, leveraged funds on the Chicago Mercantile Exchange raised their bets against bitcoin rising to a record high in the week ended Oct. The chart below shows significant accumulation of bitcoin around mid-September during a pullback in BTC’s price. The last time the Bitcoin network locked in a major upgrade, in […]
Ether , the native cryptocurrency of the Ethereum blockchain, the world’s second-largest, also reached an all-time high last week at $4,361 on Oct. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict […]
Last week, crypto investment funds saw a record $1.47 billion in inflows as investors positioned themselves ahead of the first U.S. Analysts are also monitoring the recent rotation to alternative coins , which are starting to outperform bitcoin. The bitcoin dominance ratio, or the measure of bitcoin’s market capitalization relative to the total crypto market, […]
Indeed, June 29’s peak of $36,623 marked the last time bitcoin’s intraday spot price maintained a higher low, higher high setup. “Price pressure may actually never realize,” Kirill Suslov, CEO of trading app TabTrader, said about Grayscale releasing nearly 40,000 bitcoin shares . “Usually, institutions rebalance their portfolio according to the mandate. The leader in […]
Bitcoin is showing signs of upside exhaustion after approaching resistance near $35,000 on Thursday. A short-term downtrend should persist into the weekend, although improving momentum could keep buyers active at support. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the […]
The cryptocurrency was trading around $32,000 at press time and is down about 8% over the past 24 hours. Over the short term, bitcoin remains in a consolidation phase between $30,000 support and $40,000 resistance. “Chinese market participants have been massively selling during the past month alongside the Grayscale unlocking schedule leading to more selling […]
Just weeks after that in January, he told CNBC that there wasn’t enough institutional demand to support bitcoin’s then-all-time-high of $41,000 and that it could retrace to $20,000. In November, shortly before Minerd’s first bullish price prediction, Guggenheim filed an amendment with the U.S. The leader in news and information on cryptocurrency, digital assets and […]
It combines a long position in the spot market and a short position in futures when the market is in contango – a condition where the future prices of an underlying asset are higher than the current spot price. Carry traders make money irrespective of the market trend, although the return depends on how steep […]
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. …Read the full story