Tag Archives: bitcoin trading

The halving for bitcoin is still months away, yet many analysts are still deeply divided on where the event will take us. Is the currency likely to go up as it’s done in the past, or will things remain as they are?Will the Halving Do Anything for the Industry?The rewards garnered by bitcoin miners will be cut in half, and the currency is set to become much rarer. Something that’s rare is likely to have a lot more value than something that’s common, but several industry leaders still believe...

Binance has made a minority investment in the derivatives exchange FTX becoming the first outsider investor in the firm. As part of the deal announced on December 19, the crypto trading platform company acquired equity in the FTX derivatives firm. Additionally, it bought long positions in the FTX native Token, FTT. In that context, Sam Bankman-Fried, FTX founder and CEO said:“The investment will help accelerate the growth of FTX with support and strategic advisory from Binance while FTX...

There are many ways in which cryptocurrency trading resembles the traditional ones, but there are just as many differences, as well. That’s why it’s possible to use regular definitions, but they need to be appropriately adjusted and related according to the specifics of cryptocurrencies.Price gaps, for example, are something seen quite regularly within traditional markets, and we can already see them becoming a factor to consider when it comes to Bitcoin price analysis as well.What Are Price...

Bitcoin’s dramatic 40% move puts it closer to knocking out new yearly highs. The leading digital currency faces a critical inflection point, based on the technical indicators. A look at the daily charts reveals BTC could be primed to breach $16,000 or fall all the way back to $8,500. Bitcoin is on a roll since Friday after Chinese President Xi Jinping announced that his country would “take the leading position in the emerging field of blockchain.” The pioneer cryptocurrency surged...

Bitcoin has had an extremely volatile week, a throwback to the frenzied trading the asset was previously associated with. The world’s largest cryptocurrency hit a 5-month low earlier this week. A massive rebound has seen nearly 30% gains overnight, pushing closer to $10,000. There’s a reason why HODL (hold on for dear life) is a popular trading strategy in cryptocurrency. Battle-tested crypto enthusiasts understand that the big money investors are out to get their bitcoin at dirt...

The fall of the Bitcoin price to June lows on Wednesday may just be a harbinger of more pain to come for cryptocurrency enthusiasts and hodlers. According to the CEO of crypto merchant bank Galaxy Digital Mike Novogratz, Bitcoin could drop to below $6,500, a level last recorded in May. Bitcoin price in sideways movement with no direction yet Given that the Bitcoin price was at around $8,000 before the midweek drop, this would represent a decline of nearly 20% from Wednesday....

Brokerage firm eToro has brought a new tool to the market that’s supposed to help investors crack the code of investing in cryptocurrencies such as bitcoin – crypto Twitter. In a recent blog, eToro announced that it is partnering with cryptocurrency information service provider TIE, which uses algorithms based on crowd-driven sentiment to develop trading strategies. Twitter can help you make money in bitcoin and crypto The brokerage firm points out that TheTIE-LongOnly CopyPortfolio will...

If you follow some of the best traders on Crypto Twitter (CT), you would think that trading with leverage is the best way to grow your crypto portfolio. After all, some of these traders post tremendous gains in short periods of time. Active trader shows off unrealized PnL of nearly 60%. | Source: TwitterWhile these traders flex their skills, they unwittingly make many of their followers think that trading is an easy game to play. Nothing could be further from the truth. As a result, a lot...

In an incredible and slightly confounding turn of events, Bakkt’s bitcoin Futures volume has soared as much as 796% to a new all-time high (ATH). This is a far cry from previous volumes and a bullish sign of revival for Bakkt following its lackluster beginnings. Launching some two weeks ago, Bakkt day one performance showcased a tepid day-one volume of just 72 BTC. Given the hype and anticipation around the launch, this left a lot to be desired. Since then, the daily volume has fluctuated...

Ripple has been deteriorating in bear territory for most of 2019 against bitcoin. The third-largest cryptocurrency is down by over 63% year-to-date. The deep dive has driven many traders to take a bearish stance on the XRP/BTC pair. A trader seeing a massive XRP dump. | Source: TwitterNevertheless, the widely-followed accounts on Crypto Twitter (CT) think otherwise. They are seeing encouraging developments in the coin that they are sharing bullish charts. XRP/BTC Looks Hungry, Says Analyst...