Ever since its launch last year, Tezos has done quite a lot to improve its feats and keeps on doing so. As the company appears to continue with innovations and partnerships, some of the community is arguing that Tezos might be skyrocketing soon, resembling Ethereum’s surge from 2017.Is Tezos The New Ethereum?2017 was arguably the most intriguing year among all cryptocurrencies. While Bitcoin’s price skyrocketed to almost $20,000, Ethereum made a remarkable performance, as well. It started the...
Read More »Ripple Price Analysis: XRP Goes Back Up To $0.23, Can Christmas Come Earlier?
XRP has seen an increase of 4.25% this week as it reaches $0.23.The cryptocurrency broke above a steep descending channel that was apparent in November.It continues to remain above the strong 3000 SAT support against BTC.Key Support & Resistance LevelsXRP/USDSupport: $0.2150, $0.20, $0.1850 Resistance: $0.2345, $0.2520, $0.27XRP/BTC:Support: 3000 SAT, 2900 SAT, 22853 SATResistance: 3200 SAT, 3325 SAT, 3500 SATXRP/USD: A Break Above The Descending Price Channel The daily chart shows XRP...
Read More »Bakkt Launches The First CFTC-Regulated Option on Bitcoin And Cash-Settled Futures
Bakkt, the Bitcoin Futures trading platform of the Intercontinental Exchange (ICE), has just announced that it’s rolling out cash-settled Bitcoin futures and monthly options. The platform sees an increasing volume over the past week, signaling further institutional involvement.Bakkt’s Cash-Settled Futures ContractAccording to an official publication by Adam White, COO at Bakkt, the platform has rolled out a cash-settled Bitcoin futures contract.So far, Bakkt was only offering...
Read More »Bakkt Launches Bitcoin Options and Cash-Settled Futures
As Bakkt has announced in its blog post, Bitcoin monthly options and cash-settled futures are now available.The recent post provides more details on these new offerings.Bakkt Bitcoin (USD) monthly options are based on the benchmark Bakkt Bitcoin (USD) Monthly Futures contract. It is the first CFTC regulated product of this kind. These options will offer new opportunities for trading and earning for traders from all over the world.Bakkt Bitcoin (USD) cash-settled futures are now available, as...
Read More »Ethereum Price Analysis: ETH Claims $150 But Can It Go Any Higher?
Ethereum finally broke above the $150 level but now struggles at the resistance at $152.ETH broke beneath the lower boundary of the symmetrical triangle as expected.The bulls are attempting to gain control over the momentum but have failed to break above the 50 level on the RSI so far.Key Support & Resistance LevelsETH/USDSupport: $145, $138.80, $133.50Resistance: $152, $158.60, $165, $170.ETH/BTC:Support: 0.0196 BTC, 0.019 BTC, 0.0185 BTCResistance: 0.020 BTC, 0.021 BTC, 0.0215 BTC,...
Read More »Ignorant Wealth Manager Says Bitcoin Collapse Is Imminent; Here’s Why He’s Wrong
Another Wall Street executive is calling for the collapse of bitcoin along with other cryptocurrencies. The wealth manager believes that bitcoin will follow the footsteps of Blackberry and Lycos. He fails to understand that bitcoin is the best performing asset of the decade and its function has evolved from simple payment settlement into a global hedge against the traditional banking system. Many so-called Wall Street experts have come forward over the years to criticize bitcoin and other...
Read More »Moonshot Bitcoin Price Trigger Needs Halving and 2020 Global Recession
Bitcoin has succumbed to selling pressure as of late. However, many analysts are predicting that the top cryptocurrency will likely come back to life next year. The possibility of a financial meltdown plus the halving could trigger a strong bitcoin bull market in 2020. It’s quite difficult to see the long-term bullish picture of bitcoin if the top cryptocurrency has been nothing but bearish lately. After a strong first half, the digital asset has shed over 46 percent from its 2019 high of...
Read More »Bitcoin Trading Volume in Argentina Hits New ATH As The President-Elect Announced New Cabinet
Bitcoin trading volume in Argentina has broken the all-time high record again at the start of December. It comes just after the new president-elect has chosen a new cabinet seeking the Peronist agenda and possibly going against IMF’s involvement in the country.Bitcoin Trading Volume At ATHAccording to the popular monitoring resource Coin.Dance, the volume of Bitcoin traded on LocalBitcoins, has surged to a new all-time high during the first week of December 2019. In the past seven days,...
Read More »OKEx Surpasses CME in Launching Bitcoin Options Trading
Cryptocurrency exchange OKEx announced it decided to launch Bitcoin options trading by the end of this year.According to the announcement, the Malta-based exchange currently offers spot trading meaning purchase or sale of foreign currency, financial instrument or commodity for instant delivery on a specified spot date. It also offers futures trading and both of it in cryptocurrencies, A per the company, starting cash-settled options trading in BTC/USD pair begins on December 27 due to...
Read More »Bitcoin Bulls Gain Momentum above $7,400 Price Level for Another Assault
The digital money market was the most comprehensive in the positive segment zone on Monday as sentiment gave signs of progress contrasting with the previous seven days. Bitcoin price was drifting in the $7,400 region during early Asian trading.Although the vast majority of previous selling pressure has fallen, we haven’t seen a generous recovery in Bitcoin at the moment. In any case, consolidation may likewise provide a recovery opportunity for long-term HODLers.After a previous mixed week,...
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