Crypto news

The end of January is likely to be a crazy time for bitcoin and its many fans. The asset will see approximately $3.7 billion worth of options expire on January 29, and many analysts are wondering what this will potentially do for the asset’s volatility. Will the currency spike like we’ve never seen, or will the price falter in some way?What Will Happen to Bitcoin When So Many Options Expire?As it stands, the many open contracts options available in the bitcoin space add up to just over $9...

At the time of writing, the price of bitcoin is going for just over $36,000. This is about $4,000 less than where it stood just over a week ago, and according to many analysts, unless bitcoin can strike the $40,000 mark again soon, things aren’t looking too good for the world’s number one digital currency by market cap.Bitcoin Needs to Jump Back Up… Or ElseStrategists at JPMorgan Chase & Co. suggest in a new report that many investors are only getting involved in the bitcoin and crypto...

The world’s largest asset manager, BlackRock, may start trading cash-settled Bitcoin futures. This is according to new filings with the US Securities and Exchange Commission (SEC).BlackRock is the world’s largest asset manager, with almost $8 trillion worth of assets under management last year. To put it in perspective – that’s almost 8 times the current capitalization of the entire cryptocurrency market.Now, the Wall Street giant has filed two Prospectus documents with the United States...

Mark Cuban hasn’t been a huge fan of bitcoin or the crypto space, but in a recent interview, he believes that anything based in decentralized finance (Defi) could potentially prove to be a gamechanger.Mark Cuban: Our Only Hope May Be in DefiIn the past, Cuban has often stated that he’d rather have “bananas” over bitcoin, claiming that the latter is not a store of value like so many other people think and that it wasn’t likely to serve as a problem solver during “doomsday” scenarios. Now, he’s...

ETH/USD – Ethereum Retreats From Yesterday’s ATHKey Support Levels: $1275, $1230, $1200.Key Resistance Levels: $1350, $1400, $1424.Yesterday, ETH surged by a strong 12%, which allowed it to climb above a consolidation pattern and hit the previous ATH price. It even set a new ATH marginally higher, around $1439, before coming back down to close the day at about $1380.Today, Ethereum retreated and dropped by 8%. This was largely caused by a sharp drop in the price of Bitcoin, which also fell by...

The January 15th deadline passed, and, as somewhat expected, the parties in the NYAG v iFinex case are yet to conclude the production and submission of the requested documentation.As reported by CryptoPotato earlier, January 15th was a much-anticipated date regarding the case between the New York Attorney General’s office and iFinex – the parent company of both Tether and Bitfinex.On this date, iFinex had to produce a bulk of documents requested by the office of the NYAG. The latter alleges,...

Although bitcoin has retraced following its all-time high of $42,000 earlier this year, CryptoQuant’s CEO predicted further bearish price developments for the asset. He based his short-term prediction on the growing number of BTC whales depositing on various cryptocurrency exchanges.Whales Prepare To Dump On Coinbase?Ever since BTC skyrocketed to its newest ATH of $42,000 in early January, the cryptocurrency has failed to maintain its advance. Just the opposite, bitcoin dipped on a few...

A survey compiled by the multinational investment giant Deutsche Bank concluded that more than half of investors believe bitcoin and US tech stocks to be the biggest market bubbles.Consequently, the participants, most of whom are professional investors, predicted subsequent corrections.Bitcoin Is The Biggest Market Bubble?The primary cryptocurrency has been on a tear since early October 2020. BTC more than quadrupled its value since then to a new all-time high of $42,000. Despite retracing...

Bitcoin saw a sharp 8% price plummet over the past 24 hours as it lost almost $4K from its value in just one day. As of writing these lines, Bitcoin found support around $34,000, which is also the lower boundary of the symmetrical triangle pattern we mentioned here yesterday.BTC has been trading within this pattern since reaching the current ATH at $42,000 on January 8, 2020. Since then, we saw triangle consolidation for the past 12 days.It tried to push higher at the start of the week after...

[PRESS RELEASE – Please Read Disclaimer]The crypto exchange P2PB2B has just announced that the team is to launch their utility token PACT at the beginning of 2021.“We want to thank all those who have chosen our crypto exchange for trading and enhance our community to grow.”To do this, the P2PB2B team decided to create PACT. The new token has quite a symbolic name that means making a pact between the platform and its users. This “treaty” is expected to result in long and fruitful cooperation...