Cryptocurrency traders slapped the buy button on bitcoin during the Federal Reserve’s non-announcement announcement, but the run-up didn’t last.
Thanks to growing interest in DeFi, ether is outperforming bitcoin when the market is moving higher.
Store of value? Bitcoin has outperformed gold and trounced U.S. equities so far this year.
Bitcoin was dull in trading Friday as stock markets were having a big day. However, cryptocurrency stakeholders see it as a temporary market condition.
Crypto derivatives volume had a record month in May - and volatility contributes to fueling that growth.
The bitcoin roller coaster has turned into a bumper car as equities take the stage in hopes of a global economic rebound.
Bitcoin’s jump up and right back down is at least partially due to the crypto derivatives markets.
The bitcoin market has nothing on oil’s volatility in 2020.
Stocks across Asia and Europe took a dip Friday and so did bitcoin in anticipation of Trump’s comments on “deeply troubling situations” in Hong Kong.
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.
While bitcoin has been trending lower, Tuesday’s big winner in the markets are equities.
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.