Bitcoin is riding high as short sellers in the crypto derivatives market get squeezed out, triggering automatic buy orders.
Traders were feeling good about bitcoin’s upward trend and pushed it over $9,100 Wednesday.
Bitcoin fell for a second day as sentiment grew bearish, though some traders say they’ll buy the dip.
Downward bitcoin prices could impact stakeholders more than ever before, including derivatives traders and miners.
Ether is outperforming bitcoin in 2020 but has lower liquidity and different technical dynamics than the world’s largest cryptocurrency.
Bitcoin treaded water in the high $9,000 range Monday as stocks rallied and traders wondered when the cryptocurrency would break five digits again.
Bitcoin attempted to recover from a price dip on Friday as global stock indexes end the week lower.
Bitcoin has seen double-digit gains in price since the halving. Institutional investors doing more trading in crypto options on CME is a sign of continued interest.
A slowly rising bitcoin price might not help some miners run profitable operations now that the halving is in the past.
The seven-day average of the number of unique addresses holding 10,000 ethers or more fell to 1,050 on Tuesday. That's the lowest level since January 2019.
Based on the rise of daily active bitcoin addresses, the highest number since 2018, interest could continue now that the halving is complete.
With the highly anticipated bitcoin halving reducing new mining supply, what are crypto traders thinking about upcoming market behavior?
ErisX is launching physically settled ether futures contracts, it announced Monday.
Bitcoin’s price keeps gaining as people increasingly talk about the halving - but the event’s potential after-effects may be considered an afterthought for many investors.
The crypto derivatives market is helping to hedge the uncertainty on which way the bitcoin market will go when miners have less revenue post-halving.