Advertisements

Markets News

Bitcoin Price Indicator May Signal Next Leg Higher

History looks to be repeating itself in the bitcoin market, as a key indicator’s bullish turn could mark the beginning of the next meteoric price rally. The world’s most valuable cryptocurrency’s price action seen over the last eight months is very similar to the moves seen in 2015, according to Bitstamp data. For instance, the …

Bitcoin Price Indicator May Signal Next Leg Higher Read More »

Advertisements

Rebranded TrueDigital Partners for ‘Imminent’ Bitcoin Derivatives Launch

Institutional digital assets platform Tassat, formerly known as trueDigital, has teamed up with trading software provider AlgoTrader in the run up to its launch of cryptocurrency derivatives. The deal will see Tassat provided access to AlgoTrader’s institutional clients for the planned derivatives instruments. Meanwhile, those clients will benefit from being able to incorporate the products in their trading …

Rebranded TrueDigital Partners for ‘Imminent’ Bitcoin Derivatives Launch Read More »

CME’s Bitcoin Index Provider Wins First Crypto Benchmark License in EU

CF Benchmarks has become the first cryptocurrency index provider to be recognized as a Benchmark Administrator under the European Benchmarks Regulation (EU BMR). The U.K.’s Financial Conduct Authority (FCA) authorized CF Benchmarks as an administrator on Friday, affirming that financial institutions can use the company’s indices in any European financial products after the BMR takes …

CME’s Bitcoin Index Provider Wins First Crypto Benchmark License in EU Read More »

CME Seeks to Double Monthly Bitcoin Futures Open Position Limit to 10K BTC

The Chicago Mercantile Exchange (CME Group) wants to let futures traders make even bigger bets on bitcoin. CME announced its intention to increase in the so-called spot month position limit for its bitcoin futures contracts in a letter to the U.S. Commodity Futures Trading Commission (CFTC) Thursday. The limit would jump from 1,000 contracts per …

CME Seeks to Double Monthly Bitcoin Futures Open Position Limit to 10K BTC Read More »

History Favors the Bulls as Bitcoin Trades Sideways at $10K

View Bitcoin’s long-term bullish bias remains intact, with prices holding well above the historically strong support of the three-day chart’s 55-candle exponential moving average (EMA), currently at $8,972. The line served as a strong base in the 2016–2017 bull market. A bullish falling-wedge breakout on the 4-hour chart looks likely and could pave the way …

History Favors the Bulls as Bitcoin Trades Sideways at $10K Read More »

Bear Trap? Bitcoin Price Dips Below $10K on Low Volumes

View Bitcoin’s drop from $10,949 to $9,855 (Wednesday low) may be a bear trap, as selling volumes have dropped throughout the price pullback. A widely-tracked 4-hour chart indicator is reporting a bullish divergence and the daily candlesticks are signaling seller exhaustion. BTC could rise above $10,270, confirming a falling wedge breakout on the 4-hour chart. …

Bear Trap? Bitcoin Price Dips Below $10K on Low Volumes Read More »

Bitcoin Price Faces Drop to Support Levels Below $10K

View Bitcoin risks falling below $10,000 this week, having confirmed a high-volume bearish reversal on the daily chart on Friday. A break below $10,000 would expose key support levels lined up at $9,755 and $9,320. The bearish case would weaken if the cryptocurrency rises above $10,350 today, confirming a wedge breakout on the hourly chart. …

Bitcoin Price Faces Drop to Support Levels Below $10K Read More »

Trump’s Trade War May Be Driving Chinese Investors to Bitcoin

As the Chinese yuan falls in value due to factors like the ongoing trade war with the U.S., there are signs that locals are increasingly moving funds into bitcoin. According to a Bloomberg analysis of prices over 30 days, the negative correlation between the yuan and bitcoin has fallen to a record low in the …

Trump’s Trade War May Be Driving Chinese Investors to Bitcoin Read More »

Bitcoin Price May Break Longest Weekly Losing Run Since November

View Bitcoin is likely to end the current week (Sunday, UTC) on a positive note, having registered losses in the previous three weeks. Prices are currently up 10 percent on a month-to-date basis. The weekly gain could be much bigger if prices invalidate a bearish lower highs pattern with a UTC close above $10,956 (Aug. …

Bitcoin Price May Break Longest Weekly Losing Run Since November Read More »

Human-Trafficking Expert Urges US Congress to Regulate Crypto Miners

Cryptocurrencies are helping to facilitate human trafficking, and thus should be regulated far more heavily than at present, an expert witness will tell a U.S. Senate subcommittee today. In written testimony, David Murray, vice president for product development and services at Financial Integrity Network, recommended that Congress create a new class of regulated financial institutions …

Human-Trafficking Expert Urges US Congress to Regulate Crypto Miners Read More »