Financial Industry News
Bitcoin is heading north having blown past two price hurdles to reach another record all-time high. At around 2:40 UTC Thursday, the price of the world’s first cryptocurrency rose above $22,000 for the first time, having anchored at around $21,300 for a few hours during the early Asia trading hours, according to Bitstamp data. The […]
Continue ReadingAfter testing investor patience for three weeks, bitcoin has finally crossed above $20,000 to reach fresh all-time highs. The number one cryptocurrency by market value jumped to during the early U.S. trading hours, surpassing the previous peak price of $19,920 recorded on Dec. 1. At the current price of $20,374, bitcoin is up 5.4% over […]
Continue ReadingBitcoin has fallen precipitously in the past few hours and is testing a key level of psychological support near $18,000. At around 06:00 UTC on Dec. 8, the price of the world’s first cryptocurrency fell to around $18,031 from $18,770. It subsequently retraced slightly to $18,200 by press time, according to CoinDesk’s bitcoin price index. […]
Continue Reading[UPDATED] Bitcoin has fallen close to $3,000 dollars from levels close to all-time highs. At around 2:15 UTC, bitcoin (BTC) began to tumble significantly as its value dropped below a previous area of support at around $18,474. Spot volume across major exchanges also rose sharply as bitcoin’s 24-hour range fell to between $19,474 and $16,514 […]
Continue ReadingBitcoin’s price broke through $18,000 in what some experts are attributing to global events and bullish fundamentals in crypto. The world’s top cryptocurrency by market capitalization reached a high of $18,018 at 03:01 UTC, a price point not seen since Dec. 16, 2017. Over the past 24-hours, bitcoin has ranged between $16,560 and $18,062. Bitcoin […]
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Continue ReadingLevels of activity on Ethereum have peaked to their highest in two years, going by one metric. The seven-day moving average of the number of active ether addresses rose to 405,014 on Friday – a threshold not seen since May 2018, according to data provided by the blockchain analytics firm Glassnode. Active addresses are the […]
Continue ReadingCardano (ADA) continues to skyrocket. The eighth-largest cryptocurrency by market value jumped to $0.1021 on Saturday to hit its highest price level since June 2019. It has rallied by a staggering 170% in the second quarter, according to CoinDesk data. At press time, ADA is trading near $0.098, representing a 200% year-to-date gain. Its bitcoin-denominated […]
Continue ReadingBitcoin’s positive correlation with stocks continues Monday, with the cryptocurrency drawing bids alongside gains in global equities. As of 09:35 UTC, the leading cryptocurrency by market value is trading at $9,190, representing a 1.4% gain on a 24-hour basis, according to CoinDesk’s Bitcoin Price Index. Meanwhile, major European equity indices are up at least 1.5% […]
Continue ReadingInvestors’ search for yield has pushed a widely tracked ether options market metric to its highest level in 12 months. The put-call open interest ratio, which measures the number of put options open relative to call options, rose to 1.04 on Thursday, a level last seen in July 2019, according to data provider Skew, a […]
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