Markets

Bitcoin futures platform Bakkt has reached a new all-time high of $20 million or 2,728 contracts. This comes as many have been wondering if the launch of the platform by Intercontinental Exchanges (ICE) was just a fluke or an attempt at trying to take over the crypto space.The recent development shows that this trading volume observed on November 22 is 66% higher than on the previous trading day and about 30% higher than the last all-time high which occurred on November 8.According to the...

Bitcoin is now in a downtrend after Friday’s technical reversal.Analyst Peter Brandt believes that a cleansing is in order before bitcoin can start a new bull market.He says investors who refuse to be shaken out by the stomach-churning purge could reap ridiculous profits in the future.The world’s dominant cryptocurrency appears to have lost all bullish steam. The momentum that the bitcoin price generated when it printed a 2019 high of $13,880 has vanished, giving way to a rapid downturn.This...

As we continue our coverage of bitcoin and the crash of the cryptocurrency market, it appears the world’s primary cryptocurrency has fallen by another $300 and is now trading for just over $7,100. This is the lowest it’s been in months, and it’s unclear when – or if – the currency plans to recover.Bitcoin Continues to Suffer and DropAs we edge closer towards the end of the year and the introduction of 2020, we are reminded of the bear run that bitcoin endured during November of last year. The...

News broke out two days ago that Binance’s Shanghai office has been raided by local police and has shut down consequently. The CEO of the cryptocurrency exchange, Changpeng Zhao, has since refuted the claims, while also saying that it’s FUD of the kind that damaged Bitcoin’s price in the past couple of days.Binance To Sue The Block Media OutletCryptocurrency news media The Block reported on November 21st that the Shanghai office of Binance has shut down because it has been clamped down by...

Coinspeaker World Chess to Issue Digital Tokens in ‘Hybrid IPO’ World Chess is going to issue tokens that will use blockchain ledgers to simplify the fundraising process and will be convertible to shares at a later point. World Chess to Issue Digital Tokens in ‘Hybrid IPO’ Continue reading at Coinspeaker

Black Friday seems to have arrived earlier in the cryptocurrency market. But, unlike the real Black Friday, nobody seems to be rushing in to buy cryptos at the current discount rate.According to the Crypto Fear and Greed Index (CFGI), the overall market sentiment turned into “extreme fear” as investors expect a further downturn. However, historical data reveals that every time the CFGI goes into “extreme fear,” a buying opportunity is presented.The following technical analysis will evaluate...

The bitcoin price is putting the crypto community to the test.Bitcoin fundamentals, however, remain solid.Altcoins are down in sympathy.It’s not easy being a crypto investor these days. China is sending mixed messages, the bitcoin price is in the doldrums, and there is major FUD being spread around the industry that is only exacerbating already precarious market conditions. In fact, the only thing harder than being a bitcoin investor these days is being an altcoin investor, given they are...

Blockchain activists used to praise Bakkt for introducing Bitcoin-settled futures. From the “OG” standpoint, any Bitcoin-alike asset looks somewhat shady if it is not backed by a government or a company with astronomical budgets and shiny names in the board of directors.But “Bitcoin free” trading is considered normal among many of the crypto activists. However, the recent announcement made by ICE regarding the Bakkt futures made traders wonder. They took an aggressive approach and asked ICE...

Charles Hoskinson remains ultra bullish on bitcoin.FUD takes over the cryptocurrency markets.Now might be a good time for long term BTC acquirers.Despite a recent bout of fear, uncertainty, and doubt within the cryptocurrency community, Charles Hoskinson – the creator of Cardano – has set a bullish $100,000 price target for BTC.Bitcoin is dying, or so it would appear if you lurk around any corner of Crypto Twitter. This dour sentiment is somewhat understandable given the current price...

Bitcoin plunges to six-month low.Crypto markets fall below $200 billion for the first time since the spring.Bitcoin’s Fear & Greed Index prints “extreme fear.”Crypto markets plunged anew on Friday and are on track for their worst performance in two months, as bitcoin’s fear and greed index flipped “extreme fear” following China’s stern warning targeting digital currency traders.The selloff that hit bitcoin has quickly spread to alternative cryptos, with the total market cap hemorrhaging...