Tag Archives: btcusd

On September 18, the Federal Reserve announced another 25 basis point interests rate cut, bringing interest rates down to 1.75% to 2%. This is the second rate cut by Federal Reserve since 2008. The last rate cut was on August 1 this year, with an interval of only 48 days.Notably, at least seven of 17 fed members think they will cut rates again this year. Meanwhile, US President Trump has publicly said he lacks the courage to cut interest rates and will continue to press federal reserve.On the...

ICE‘s Bakkt platform has finally announced its Bitcoin Futures contracts going live today, September 23. Bakkt‘s Bitcoin Futures launch comes as per its earlier announced schedule after the U.S. Commodities and Futures Trading Commission (CFTC) gave the exchange a green signal last month.We’re live!The first Bakkt Bitcoin Futures trade was executed at 8:02pm ET at a price of $10,115— Bakkt (@Bakkt) September 23, 2019As part of the announcement, Bakkt provides two contracts – Bitcoin Daily...

Crypto enthusiasts are almost always in a perpetual waiting state, in the hope that the market will pick up and keep on rallying, even when data is already bullish. In the past, there have been several factors named as important to Bitcoin price surge or pullback depending on the specific period. Today, the most anticipated event in the cryptosphere, which is also a major factor in the possible chance of a Bitcoin rally, is the launch of Bakkt.The Bakkt launch is only a few days away and with...

The past few days have seen the price of Bitcoin hovering above the 20 Moving Average (MA). Following an entire week of consolidation in a tight channel, the price of Bitcoin finally made a move on September 18. Many commentators predicted a downside move and they seem to have been correct all along as BTC lost 5% in an hour.The latest drop has made the crypto to plunge below the psychological $10,000 level to settle in the mid-$9,000 zone. The drop made the token to draw nearer to the 20...

Out of the blue, the crypto space seems to have come alive after weeks of sideways trading and little movement to indicate a specific direction of the cryptocurrency markets. Altcoins have come alive with Ethereum and XRP leading the charge this time, while Bitcoin sits still.Within the last twelve hours, Ethereum (ETH)has risen to slightly above the $200 psychological resistance level (about 7.69%) and it is currently trading at $213.99. XRP has risen to $0.31 indicating an impressive 13.73%...

For several years now, the Bitcoin price has been a subject of discussion in the global scene. As we published, some prominent commentators have suggested that Bitcoin will reach $1 million per token by the end of 2020. That may never happen unless there is a major collapse in the entire fiat world within the next three months.However, some of the analysts are sticking to their predictions, Tim Draper, one prominent venture capitalist, recently doubled down on his call that Bitcoin will reach...

The cryptocurrency market is purported to be a break from the traditional markets, especially because of its decentralization. There is also the fact that global financial policies or unfavorable financial climate, which heavily affects traditional financial assets, do not have the same effects on the digital currency markets. However, even with all the dissimilarities, popular Wall Street strategist Tom Lee has drawn a parallel between the traditional stock market and the cryptocurrency...

Many industry experts are now speculating on Bitcoin price as the top cryptocurrency has been trading sideways for quite a while after climbing more than 200% this year. The huge price increase from $3,300 to $13,000 has left everyone wondering – which way Bitcoin is heading now?It seems like everyone is waiting for something to happen, but nothing is happening. Just recently, experts claimed that Bitcoin failed to go past one of the essential resistance points at $10,500 and now could be...

For a while now, one of the most anticipated events in the crypto sector has been the official launch of Bakkt which the market has been waiting for since last year when the firm was officially announced.Last week, the official Twitter account announced that the Bakkt Warehouse had been thrown open and had begun receiving deposits and withdrawals, in preparation for its Bitcoin Daily & Monthly Futures, expected to launch on the 23rd of September.Now, the firm’s Chief Operating Officer...