Markets

Market Wrap: Bitcoin Stabilizes as Traders Prepare for Taproot Upgrade

Bitcoin (BTC) is stabilizing after a retreat from yesterday's all-time price high. Analysts remain bullish despite short-term price swings, and expect the upcoming Taproot network upgrade to be a positive event.

Markets  ·  11 November 2021

Crypto Trading Firm B2C2 Launches Crypto’s First ‘Non-Deliverable Forward’

NDFs, a type of contract that's common in foreign-exchange markets, might make it easier for traditional financial institutions to enter the burgeoning arena of cryptocurrencies.

Markets  ·  10 November 2021

Bitcoin Jumps to New All-Time High as Inflation Jumps to 6.2% in October

Bond traders are increasing their bets on faster inflation after the U.S. Consumer Price Index jumped 6.2% in the 12 months through October, the highest rate in three decades.

Markets  ·  10 November 2021

U.S. Inflation Surges Faster Than Expected to 3-Decade High, CPI Report Shows

The Labor Department’s Consumer Price Index is closely tracked by bitcoin traders, since the cryptocurrency is seen by some investors as a hedge against inflation.

Markets  ·  10 November 2021

Large Bitcoin Investors Take a Breather After Frantic October, U.S. Inflation Data Eyed

Bitcoin may struggle if inflation data revives rate hike fears, leading to risk-off in traditional markets

Markets  ·  10 November 2021

First Mover Asia: Bitcoin Enters ‘Extreme Greed’ Territory; Altcoins Rally

Bitcoin volume has increased the past two days but remains well below its mid-October high.

Markets  ·  9 November 2021

Market Wrap: Bitcoin Outperforms as Traders Prepare for Next Leg Higher

Bitcoin (BTC) is pulling back, although some traders are prepared to buy on dips amid a seasonally strong Q4. Analyst have upward price targets for both BTC and ether (ETH) despite slower trading volume.

Markets  ·  9 November 2021

DEXs Have Grown the Most as Competition Among Crypto Exchanges Intensifies: Chainalysis

The majority of DEX users are professional crypto traders looking for “new sources of alpha,” said one analyst.

Markets  ·  9 November 2021

ETH-BTC Chart Points to Ether Leadership Ahead

Ether can take lead against bitcoin towards the year-end, one analyst said.

Markets  ·  9 November 2021

Open Positions in Ether ‘Calls’ Hits 1 Million Mark as Traders Pile Onto Higher Strike Options

Ether’s options market flows appear more bullish than ever, with the cryptocurrency eyeing the psychological level of $5,000.

Markets  ·  9 November 2021

Bitcoin Soars Past $68K for the First Time as Ether Also Sets Record High

The total market capitalization of all cryptocurrencies neared a milestone of $3 trillion.

Markets  ·  9 November 2021

First Mover Asia: Bitcoin Hits Record High of Over $67.5K; Ether Also Sets New Mark

Indicators suggest that bitcoin, the largest cryptocurrency by market capitalization, is headed at least initially toward the $86K resistance level.

Markets  ·  8 November 2021

Market Wrap: Bitcoin Rises as Central Banks Maintain Low Rates

Bitcoin (BTC) is rising along with equities after some central banks appeared to be in no rush to raise rates last week. Analysts expect a bullish Q4 for crypto, although next year could be difficult as monetary stimulus fades.

Markets  ·  8 November 2021

Shiba Inu Sees Record Speculative Frenzy, Snaps 5-Week Winning Trend

A surge in the number of addresses acquiring SHIB near record highs signals peak speculative frenzy.

Markets  ·  8 November 2021