Bitcoin has sustained a heavy correction over the past few days. At the local lows, the leading cryptocurrency was trading at $9,800. At current, BTC is trading for $10,100 as buyers have stepped back in. Millions worth of futures contracts have been liquidated over recent days; Skew.com reports that $350 million worth of longs has Read more…
Tag: futures
Bitcoin Under $10,000 – First Time in 4 Weeks: Crypto Market Warch
The cryptocurrency market is not finished dumping in value as Bitcoin is fighting to stay above $10,000, while Ethereum is already well below $400. The rest of the alts are bleeding out as well, as the total market cap shed $60 billion in two days. Bitcoin Dipped Below $10,000 It was merely 48 hours ago Read more…
South Korean Bitcoin Exchange Bithumb Reportedly Raided by Police
The popular Bitcoin exchange Bithumb in South Korea has reportedly been raided by the authorities. This happened because of fraud allegations. Bithumb Accused of Fraud by South Korean Police According to a report by a local news outlet, the Intelligent Crime Investigation Unit of the Seoul Police authorities raided South Korea’s largest cryptocurrency exchange Bithumb. Read more…
The Market Is “Too Sober” For Bitcoin to Top At Current $11,500 Level
Analysts think that the Bitcoin market is “too sober” to top at current price levels. BTC trades at $11,600 as of this article’s writing, perpetuating the consolidation it has been in for the past three weeks. Why Bitcoin Is Unlikely to Top Here One cryptocurrency trader thinks that it’s unlikely that Bitcoin is forming a Read more…
Institutions Just Closed a Vast Majority of Their Bitcoin Short Positions: Data
Bitcoin is pushing higher after bottoming at $11,150 last week. The asset now trades for $11,650 as of this article’s writing. BTC is trading above a pivotal support level as we come into the weekly candle close, which bodes well for bulls. Institutions are responding to the price action by closing their shorts they opened Read more…
OKEx CEO Jay Hao: Many People Will Lose Money In DeFi (Exclusive Interview)
OKEx has become one of the largest cryptocurrency exchanges in the past several years. The company’s growth is continuously emphasized by the trading volume and the growing user base. CryptoPotato recently had the opportunity to do an exclusive interview with the CEO of the company – Jay Hao. Hao spoke of the challenges OKEx has Read more…
Bitcoin Reclaims $11.5K, ETH Above $400: The Sushi Farming Tokens Skyrocket (Market Watch)
Following a few days of adverse price movements, most of the cryptocurrency market is recovering and is in the green today. Bitcoin is up to $11,500, Ethereum is trading above $400 for the first time since Tuesday. Even more impressive gains are evident from the lower-cap alts. Bitcoin Back Above $11,500 The primary cryptocurrency saw Read more…
Why a Bloomberg Analyst Thinks Bitcoin Is “Tilted” Towards Rallying Even Further
Bitcoin’s rally has stalled after hitting $12,500 on Monday. As of this article’s writing, the price of the leading cryptocurrency is $11,800. This is $700 shy of the local high. The recent drop has scared some analysts, with some arguing that a drop towards the $10,000 is possible. Mike McGlone, the senior commodity analyst at Read more…
Bitcoin Eyes Another Attempt at $12K amid Global PMI Releases
Bitcoin is looking to retest $12,000 in the coming daily sessions as investors await the release of crucial purchasing managers’ economic indicators. Dubbed as PMI, which stands for Purchasing Manager’s Index, the index studies the prevailing direction of the economic trends in services and manufacturing sectors. It, therefore, serves as a barometer to gauge current Read more…
$217M Invested In Crypto As Grayscale Marks Its Best Week Following Nationwide Commercial Launch
The leading cryptocurrency asset management company – Grayscale Investments – has recorded its most significant fundraising week in its 7-year history. Interestingly, the massive spike followed a nationwide advertising campaign the company ran in the U.S. Grayscale Commercial Worked As CryptoPotato reported a week ago, the digital asset manager planned to run a widespread advertising Read more…