Market Wrap: Bitcoin Tops $11.1K; Ether Traders Like $400 Options
Bitcoin’s price is trending upward while ether options traders focus on $400 strikes.
Bitcoin’s price is trending upward while ether options traders focus on $400 strikes.
Bitcoin is up 54% this year on speculation that trillion-dollar stimulus efforts by governments and central banks will lead to inflation.
The largest U.S. regulated market for bitcoin futures has been sounding out cryptocurrency traders to gauge their interest in a listing of futures and options on the Ethereum blockchain’s native tokens.
Bitcoin has woken up from its recent slumber. But a bull revival might need a break above $11,200.
Square's $50M bitcoin purchase has analysts doing back-of-the-envelope math on the possibility of rising allocations from corporate treasurers.
Bitcoin appears to have broken out of its tight trading range over the past two weeks, between roughly $10,500 and $10,800.
Bitcoin’s price jumped on news of payments firm Square’s investment while traders have amassed over $165 million in ether options open interest for December expiration.
Bitcoin is stuck in an ever-tightening range between $10.5K and $10.8K and appears set for a breakout, though options trading suggests $16K might represent an upper bound in 2020.
Trading volumes for CME bitcoin options surged as traders made bull call spreads, anticipating a rally.
Bitcoin’s price is rebounding from a sell-off Tuesday while large ether holders are making moves.
The popularity of decentralized cryptocurrency exchanges had backed up the Ethereum blockchain, raising questions about its ability to scale.
More than 57,000 BTC have been withdrawn from BitMEX since Sept. 30.
Bitcoin's correlations with gold and the stock market appears contradictory on the surface. There are deeper machinations at work.
Eosfinex has launched a beta version of its mainnet, saying it brings liquidity from the Bitfinex cryptocurrency exchange to the EOS community.
Trump's back-and-forth tweets over U.S. stimulus whipsaw bitcoin prices along with traditional markets, and Neo ratchets up competition with Ethereum.
New bitcoin addresses have spiked this month, with one industry exec pointing to traders moving funds off the legally troubled BitMEX exchange. Others disagree.
Neo revealed its ambition to beat the second-largest blockchain by market cap during a time when Chinese firms such as TikTok and Huawei successfully established their dominance in an international market.
Bitcoin’s price dipped Tuesday after Pres. Trump rejected the latest stimulus proposal, while a popular Ethereum wallet continues to grow.
The latest CoinDesk Quarterly Review looks at some of the main drivers of crypto market evolution including DeF, derivatives and stablecoins.
What if the dollar keeps its reserve status? PLUS: FCA ban, McAfee arrest, commercial real-estate wipeout.
Options market data suggests the longer-term path of least resistance for bitcoin is to the higher side.
"Backing the dollar is the world's biggest, deepest and the most transparent government bond market," said Marc Chandler, chief market strategist at Bannockburn Global Forex and author of the book "Making Sense of the Dollar."
Open interest on the Seychelles-based cryptocurrency exchange is down nearly 50% from the $125 million observed Oct. 1.
Monero, Samourai, Wasabi, OpenBazaar were cited as threats in a Europol report.
Bitcoin’s price has remained remarkably resilient despite recent dispiriting news; Ethereum fees dip.
Monthly value of minted WBTC grew 160% from August.
Yield farming steals crypto traders' obsession as bitcoin's volatility falls to 180-day low; Coinbase employees take severance.
Institutional interest in bitcoin futures has plummeted as the DeFi explosion made carry trades less attractive, said Bequant's Denis Vinokourov.
Yield farming could result in promising developments in the DeFi ecosystem. Nonetheless, each yield farmer told CoinDesk the same thing: This stuff is really, really risky.
Coinbase raises important questions about employee activism, plus what the BitMEX indictments say about the future of the industry.