Markets

The Commodity Futures Trading Commission on Friday released its latest Commitment of Traders report for the Chicago Mercantile Exchange.Futures are derivative products typically aimed at institutional investors looking to get exposure in cryptocurrency. Published weekly, the COT highlights which way traders are positioned in the market.Here is the latest report:The latest CME COT report. | Source: BitOodaThe data may provide some insight into bitcoin’s latest tumble below $7,000. According to...

Bitcoin’s price has continuously been a subject of numerous predictions. Some proponents expect new all-time highs within the next few months, while others take the opposite stand, foreseeing the cryptocurrency’s demise. Naturally, a lot of the predictions seem quite far-fetched, but some well-known and reputed analysts think that Bitcoin might go to $5,000 before 2020.Bitcoin’s Price On A Bearish TrajectoryFor starters, a leading cryptocurrency market analyst, Credible Crypto, recently...

Bitcoin’s price has continuously been the subject of numerous predictions. Some proponents expect new all-time highs within the next few months, while others take the opposite stand, foreseeing the cryptocurrency’s demise. Naturally, a lot of the predictions seem quite far-fetched, but some well-known and reputed analysts think that Bitcoin might go to $5,000 before 2020.Bitcoin’s Price On A Bearish TrajectoryFor starters, a leading cryptocurrency market analyst, Credible Crypto, recently...

The recent week was not the best for Bitcoin’s price, which lost almost 20% in just seven days.The bad thing is that it’s still hard to see the end of those severe declines. However, if you look for a positive sign, you can find it in the fact that yesterday’s daily candle finished green, for the first time following five ugly red candles.Looking at the following daily chart, we can see a secure area of support around $6800 – $7000. After dropping to those levels during last Friday, Bitcoin...

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...