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.
Bitcoin's upward move looks to have stalled amid gold's rally to 7.5-year highs. But analysts think it's only a matter of time before bitcoin begins drawing stronger haven demand.
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.
Based on the rise of daily active bitcoin addresses, the highest number since 2018, interest could continue now that the halving is complete.
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.
Bitcoin volatility has risen a bit, higher than the S&P 500 ahead of its expected halving next week - but it’s nowhere close to the rocky ride oil has been on.
After a flurry of trading late last week, bitcoin dipped on lower volume.
On Thursday, hourly trading volume in Tether Gold climbed to over $13 million, up from roughly $1 million the day before.
Bitcoin cooled off after jumping to its highest levels in nearly two months, when it was up as much as $9,478. Yet, stakeholders say crypto interest remains strong.
"Digital gold" has surged past the yellow metal to become one of the year's best performing assets, up more than 20% in 2020.
Bitcoin’s price is on the upswing, and so is the computing power securing the network as a once-in-four-years event known as the halving approaches.
Year to date, the native token of the Ethereum network’s 50 percent rally trounced bitcoin’s 7 percent gains.