Markets News

Exchanges Hold More Bitcoin Than Ever as Coinbase Wallet Nears 1M BTC

United States cryptocurrency exchange Coinbase will soon hold a million Bitcoins (BTC) in its cold wallets in a controversial first for the industry. According to data from news and information resource Longhash released on Jan. 23, Coinbase’s cold wallets contained around 970,000 BTC ($8 billion) as of Jan. 1. Coinbase weeks away from 1 million …

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New CME Bitcoin Options Spark ‘Unusually Strong Activity’ — JPMorgan

The United States’ largest bank believes interest will be high in CME Group’s new Bitcoin (BTC) options when they launch on Jan. 13.  In a note from Jan. 10 quoted by Bloomberg on Friday, a group of analysts at JPMorgan Chase led by Nikolaos Panigirtzoglou noted interest in CME’s existing Bitcoin futures had spiked in …

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How to Spot Bitcoin’s Golden or Death Cross Using Simple Moving Averages

Understanding short-term and long-term moving averages (MAs) is important for trading strategies, whether for cryptocurrency or traditional assets. Two rare but powerful signals that traders look for occur when the short-term and long-term MAs cross. On the upside, that’s the golden cross, and, on the downside, it’s called the death cross. Golden and death crosses have …

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Bitcoin Falls Through Key Average as Traditional Markets Hit Record Highs

View Strong performances in traditional assets and a lack of new reasons to buy crypto is suppressing BTC’s price. A loss of the 50-day moving average exposes the $8,000 price level. The daily RSI shows that momentum slowing, which could hint at greater selling pressure in the short term. Bitcoin (BTC) is at risk of …

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What the CFTC Chairman Actually Said About Ether Futures and Ethereum 2.0

The Takeaway: CFTC Chairman Heath Tarbert said last month that ether is a commodity, and he expects to see regulated ether futures in the U.S. in the next six months. The ethereum network is expected to transition from its current proof-of-work consensus mechanism to a proof-of-stake model over the next year, in an upgrade known …

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ASX-Listed DigitalX Seeds New Fund With Half Its Bitcoin Holdings

The first ever cryptocurrency firm to be listed on a major stock exchange has launched a new bitcoin fund. DigitalX, which debuted on the Australian Securities Exchange (ASX) under its previous name DigitalBTC as far back as 2015, announced the new fund on Wednesday. The firm said it’s offering qualifying wholesale and professional investors such …

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Former Cumberland and Circle Traders Pool Money for Crypto Prop Trading

Dan Matuszewski remembers the early days of cryptocurrency trading, just a handful of years ago. It wasn’t the possibility of a market correction that worried him. It was the risk that the whole business might disappear. “There was always a non-zero chance that bitcoin would gap down, die, and never come back,” Matuszewski, 31, said …

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Bittrex Will Release Frozen Crypto to Former Users in Sanctioned Regimes

Crypto exchange Bittrex is looking to return crypto holdings to customers in sanctioned nations. According to a letter posted on Twitter by ex-user Ziya Sadr, Bittrex is reaching out to former customers who reside in “a country or region” in which the exchange is legally unable to offer services due to the U.S. Treasury’s Office of …

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Bitcoin’s Weekly Chart May See Golden Cross for First Time in 3.5 Years

View Bitcoin’s short-term 50-period moving average is edging closer toward the longer-term 100-period moving average on the weekly chart, hinting at a potential bullish “golden cross” formation for the first time in 3.5 years. In the shorter term, however, total weekly volume has fallen period-to-period as indecision continues to grip the market. Price action is …

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The ‘Bitcoin Rich List’ Has Grown 30% in the Last Year, But Why?

The Bitcoin Rich List, or the number of addresses holding more than 1,000 BTC, has grown in the past 12 months, possibly reflecting an influx of high-net-worth investors.   The metric has registered growth of 30 percent since September 2018, according to Coin Metrics data. Even when adjusted to exclude addresses known to belong to exchanges, …

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