bitcoin / 23 posts found

Fear-based selling behind bitcoin slump, says one analyst

by crypto journalist
Bitcoin is fast losing its shine, and the momentum of the down move risks causing widespread panic, says at least one analyst. After holding at $6,000 over the weekend, that support line for the No.1 digital currency finally gave way late Monday, sending it to $5,900.38. That’s the lowest level since June 29 and inches away from making a new low for 2018. The August slump has shed more than $70 billion of the total value of cryptocurrencies, which has reached a nine-month low of $191 billion. “We are seeing fear-based selling pushing the market lower at the moment,” said […]

What You Need To Know About How A Bitcoin ETF Impacts Australian Crypto

by crypto journalist
In 2018, there have been over ten separate applications to introduce bitcoin ETFs, which would represent a market first. Photo credit: Shutterstock The ease to which investments can be made in an asset class seems a leading indicator of maturation. As investors are afforded more accessible avenues to market exposure, there is a greater encouragement of new capital inflow. This seems universally relevant, but can be spotlighted in the current context of the cryptocurrency industry. Over the past months, there has been increased attention on whether traditional financial products backed by digital currencies will be introduced as a means of expanding [...]

U.S. Regulatory Clarity Should Aid New Bitcoin ETF Application

by crypto journalist
–Bitcoin news, price, information & analysis BitcoinOpinion U.S. Regulatory Clarity Should Aid New Bitcoin ETF Application tim copeland | | Bitcoin U.S. Regulatory Clarity Should Aid New Bitcoin ETF Application tim copeland | | notice of filing was issued by the SEC asking for comments on the application. The ETF will only trade SolidX Bitcoin Shares and one share will equal 25 Bitcoin. If the application goes through, it will start trading in Q1 2019. The SEC has previously received two applications from the VanEck SolidX Bitcoin Trust and has, in March 2017, rejected an application by the Winklevoss Twins […]

Bitcoin sinks to two-week low, down 15% in 24 hours

by crypto journalist
Crypto market cap sheds more than $30 billion in 24-hours was worth $6,435.13, down 7.4% since Wednesday at 5 p.m. Eastern on the Kraken crypto exchange. Despite the carnage, one analyst remains bullish, saying there’s much more to the digital currency than Goldman Sachs GS, “So the question is if Goldman Sachs stops exploring the option of crypto desk, can this entire thing collapse?” wrote Naeem Aslam, chief market analyst at Think Markets U.K. “The reality is bitcoin futures are already trading on major exchanges. But, the volume has been thin from day one, I am not saying it hasn’t […]

Bitcoin and cryptocurrency prices on August 8: Market slump continues

by crypto journalist
LONDON — The price of bitcoin is slipping on Wednesday, extending a poor run for the digital currency. Analysts at the London Block Exchange said in an email on Wednesday that the latest slump appears to have been triggered by a US Securities and Exchange Commission’s announcement late on Tuesday. The regulator announced it is postponing a decision on whether to approve or deny a bitcoin ETF product from CBOE until September. The market has been waiting for a long time for a regulated ETF product to hit the market as traders believe it will bring new money into the […]

Bitcoin Holds Recent Gains Amid a Checkered Market Outlook

by crypto journalist
July 25: Bitcoin (BTC) is holding its newly won gains, having led the week’s impressive uptick to stay above $8,000. Other leading cryptocurrencies are seeing mixed fortunes, according to data from Coin360. Market visualization from Coin360 Bitcoin (BTC) is trading around $8,200 to press time, down about half a percent on the day. The leading asset surged as high as $8,483 during early trading hours — a price point it has not seen since mid-May — subsequently retracing to its current level. Bitcoin’s weekly and monthly gains are at a bullish 10 and 34 percent respectively, according to data from […]

Bitcoin Platform Operator Pleads Guilty to Lying About Hack

by crypto journalist
The operator of two defunct cryptocurrency services pleaded guilty to charges that he stole his customers’ deposits and lied to investigators after hackers stole thousands of bitcoins from the services. This content was originally published here.

Wall Street’s interest in bitcoin, like ICE’s Bakkt, isn’t boosting crypto prices — Quartz

by crypto journalist
Wall Street is steadily making it easier for a wider range of investors to buy and sell bitcoin. It’s a development that should, in theory, boost prices—if a torrent of institutional money is poised to rush into crypto, then the buildout of professional-grade infrastructure should be a boon for things like bitcoin, ether, and other offshoots. But so far that’s not the case: Bitcoin has fallen more than 50% since Dec. 10, when Cboe Global Markets launched its futures contract, which allows traders to hedge or speculate on the digital asset’s price in the future. CME Group started its own […]

Hodler’s Digest, October 22-28: US SEC Mulls Over Bitcoin ETFs, While Bakkt’s BTC Futures Inch Closer To Approval

by crypto journalist
Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week US SEC Releases Memorandum From Meeting Over Bitcoin ETF Proposal The U.S. Securities and Exchange Commission has published a memorandum from a meeting about the Bitcoin exchange-traded-fund (ETF) proposal from VanEck and SolidX that included EC Commissioner Elad L. Roisman and his counsels Dean Conway, Matthew Estabrook, and Christina Thomas, along with representatives […]

Bitcoin’s Theoretical Price Ceiling Is Now $100k Per Coin – Bitcoin USD (Cryptocurrency:BTC-USD)

by crypto journalist
Introduction The question of if a floor exists in the price of Bitcoin ()()(OTCQX:GBTC), and if so, what is that figure, has become a hot topic recently. I would argue that the floor is determined by the probability of finding a gap between the fundamentals and the price. In other words, how many standard deviations below or above the price target are we at now? Any number is possible, but the extremely low and extremely high are both very rare, and therefore much less likely to occur. That’s the best we can do with the price floor. Watch the fundamentals […]