Tag: Cointelegraph

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Cosmos Asset Management beat out local contenders VanEck, BetaShares and EFT Securities to issue Australia’s first Bitcoin ETF. The Cosmos Asset Management Bitcoin ETF will be listed on CBOE Australia, with approval from the Australia Securities Exchange Clear capital markets clearinghouse. Kurt Grumelart, trader at Australian wealth management firm Zerocap, called the ETF approval “exciting” […]

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This is thanks to a lack of short-term holders on the market, Root notes. While some chose to do so recently, this was thanks to them buying in at highs earlier in 2021 and wanting to cut their losses, Root continued. …Read the full story

Using Elliott Wave analysis, Crypto Ed predicted a repeat of recent downside moves interspersed with a brief relief bounce. …Read the full story

Meanwhile, regulatory uncertainties continue to be a key concern for investors, including the failed European Know Your Customer proposed rules for ”unhosted” private wallets. On the other hand, Bitcoin borrowers can only short the cryptocurrency as they bet on its price decline. The above chart shows that traders have been borrowing more USD Tether recently, as […]

The 200 WMA currently sits at just above $21,000, data from Cointelegraph Markets Pro and TradingView shows. Global financial markets, however, are anything but unremarkable this month, as uncharted territory defines the current setup. Inflation is a double-edged sword for Bitcoiners, the tide of rising prices and central bank reactions set to put serious pressure […]

That could be because of the tight correlation between Bitcoin and the S&P 500 and the uncertainty about the equity market’s performance in the next week. While some analysts expect weakness in the near term, others believe that Bitcoin could be in a consolidation phase with a large portion of its upside in the four-year […]

With Monday likewise a non-trading day, Bitcoin was set for four days of “out-of-hours” trading. Svenson added that Bitcoin was “getting there” in terms of following a historical pattern of putting in a macro low around 800 days after each block subsidy halving. …Read the full story

In Bitcoin’s case, a Bitcoin ETF is an asset that simply tracks the price of Bitcoin. However, this ETF doesn’t invest directly in the asset, but in Bitcoin futures exchange-traded funds as an alternative, making ProShares’ offering more of a “false” ETF. A Bitcoin futures ETF is an agreement in which one will buy or […]

During the Bitcoin 2022 Conference in Miami, Florida, Cointelegraph caught up with Ricardo Salinas, the founder and chairman at Grupo Salinas, in an exclusive sit-down interview. Salinas started off the day as a panelist at the main stage of the Miami Beach Convention Center among fellow billionaires Orlando Bravo, Marcelo Claure and Dan Tapiero. That same […]

For popular trader Crypto Ed, there was reason to believe that further downside would soon ensue. …Read the full story

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Short-term price performance, thus, left few impressed as traders kept their guard up in case of a deeper retracement. Hopium: – potential early parabola – inverse H&S neckline highlighted greenI don’t see this scenario playing out atm, ready to get stopped out on a bear flag breakout. …Read the full story

Over the past three months, Bitcoin’s daily closing price fluctuated between $35,050 and $47,550, which is a 35.7% range. The relief rally that came after the April 11 dip below $40,000 followed the U.S. If the global economies enter a recession, investors will likely move away from risk-on asset classes like cryptocurrencies. The open interest […]

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His April 14 chart drew a comparison between the tremendous rise of the Dow Jones Industrial Average in the ’80s and ’90s to Bitcoin’s price over the past six years. Popular Bitcoin analysts Dave the Wave, with 36,000 followers, tweeted his strong conviction that Bitcoin is ready to make a dramatic move based on the Gaussian and […]

The legislation, which has been debated in the Chamber of Deputies since 2015, has been approved in the first round of consideration. However, this could not be enough to lure Bitcoin miners into the country, provided that energy rates in Brazil are among the highest in South America and about five times higher than in […]

The $40,000 mark has been working overtime in recent days as Bitcoin’s macro-fueled downtrend continues to play out. The purchases have so far come at a price. From being nearly $200 million in profit on its stash, Terra is now nearly $100 million in the red, thanks to the latest Bitcoin price dip. …Read the […]

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