Bitcoin within sight of record high as Bitcoin ETF sees red-hot demand
SGT 0815📈 BTC | $64,225 (+$1,938, +3.1%)📈 ETH | $3,889 (+$110, +2.9%)📈 XRP | $1.09 (+$0.01, +0.6%)📈 LTC | $188 (+$2, +1.3%) 📈 Total Crypto Market Cap: $2.54T (+2.6%) 🔎 Bitcoin is now within sight of its previous record high of around $64,888. 🎉 The ProShares Bitcoin Strategy ETF (+4.9%) saw turnover of 24 million […]
Bitcoin carry trade back in fashion as BTC futures ETF launch drives futures speculation
SGT 0815📈 BTC | $62,249 (+$871, +1.4%)📉 ETH | $3,764 (-$84, -2.2%)📈 XRP | $1.09 (+$0.00, +0.4%)📈 LTC | $186 (+$1, +0.8%) 📈 Total Crypto Market Cap: $2.48T (+0.4%) 🤔 The spread between Bitcoin futures and spot Bitcoin is at its widest is five months, with the “carry trade” – where someone buys spot Bitcoin […]
Smaller altcoins catch up as Bitcoin takes a breather
SGT 0815📈 BTC | $61,440 (+$789, +1.3%)📈 ETH | $3,846 (+$22, +0.6%)📉 XRP | $1.10 (-$0.03, -2.9%)📉 LTC | $184 (-$2, -0.9%) 📈 Total Crypto Market Cap: $2.48T (+0.4%) 🔎 Bitcoin pared gains after rising past $62K over the weekend, and has been holding strongly above the psychologically important $60K mark. Notably, the total market […]
Bitcoin broke $60,000
Bitcoin just broke $60,000 after news that the Securities and Exchange Commission (SEC) has allowed trading of Bitcoin Futures ETF. A milestone is marked as four futures-backed Bitcoin ETFs could begin trading on US exchanges as early as this month. Will Bitcoin’s price continue to climb? Phillip MetaTrader 5 (MT5) offers CFDs on Bitcoin, Ethereum, […]
Altcoin season in play as Ethereum plays catchup
SGT 0815📉 BTC | $57,320 (-$126, -0.2%)📈 ETH | $3,783 (+$169, +4.7%)📈 XRP | $1.13 (+$0.00, +0.1%)📈 LTC | $180 (+$2, +1.3%) 📈 Total Crypto Market Cap: $2.38T (+0.6%) 🔎 The ETH/BTC pairing is seeing Ethereum narrow its underperformance against Bitcoin, with such periods typically seeing extended outperformance in Ethereum during breakouts. Many will however […]
Altcoins catching up to Bitcoin as crypto market consolidates
SGT 0815📈 BTC | $57,409 (+$439, +0.8%)📈 ETH | $3,630 (+$56, +1.6%)📈 XRP | $1.13 (+$0.02, +1.9%)📈 LTC | $178 (+$2, +1.3%) 📈 Total Crypto Market Cap: $2.36T (+2.7%) 🚢 Cryptocurrency margined crypto futures are declining in proportion against cash margined crypto futures. The potential implication of this is a decline in market volatility – […]
Bitcoin edges lower as extreme buying behaviour dips
SGT 0815📉 BTC | $56,229 (-$806, -1.4%)📈 ETH | $3,509 (+$2, +0.1%)📈 XRP | $1.10 (+$0.00, +0.2%)📉 LTC | $173 (-$4, -2.4%) 🎢 Bitcoin momentum is appearing to wane after entering “highly overbought” territory on several momentum indicators such as the Fear & Greed Index, last week. 💀 JP Morgan CEO Jamie Dimon also contributed […]
Bitcoin visits $57K for the first time since May
SGT 0815📈 BTC | $56,874 (+$2,237, +4.1%)📈 ETH | $3,497 (+$91, +2.7%)📉 XRP | $1.12 (-$0.02, -1.6%)📈 LTC | $177 (+$2, +1.1%) 🚂 Bitcoin rose past $57K yesterday for the first time since May, with the number of active entities (number of network participants) similarly rising as well. Median Bitcoin transaction sizes have also risen […]
Cryptocurrencies pause rally as rumours over possible White House executive order swirl
SGT 0815📉 BTC | $54,758 (-$186, -0.3%)📉 ETH | $3,421 (-$135, -5.1%)📉 XRP | $1.13 (-$0.03, -2.5%)📉 LTC | $174 (-$4, -2.2%) 📉 Total Crypto Market Cap: $2.26T (-2.5%) 🤔 An anonymous source interviewed by Bloomberg has fuelled rumours that the Biden administration is currently mulling an executive order on cryptocurrencies, aimed at ordering agencies […]
Bitcoin begins consolidation as altcoins catch up
SGT 0815📉 BTC | $53,954 (-$1,162, -2.1%)📈 ETH | $3,601 (+$42, +1.2%)📈 XRP | $1.07 (+$0.003, +0.3%)📈 LTC | $180 (+$2, +1.3%) 📉 Total Crypto Market Cap: $2.29T (+0.7%) 🔎 Bloomberg reporters have published an intriguing investigative piece claiming that despite their best efforts, they are finding it very difficult to find evidence of Tether’s […]