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“# Bitcoin flash crashes by $2K in 5 minutes, liquidating $600M in longs ” Bitcoin (BTC) fell over $2,000 in five minutes on March 31 as a wave of volatility disrupted an otherwise calm market. BTC/USD 1-minute candle chart (Bitstamp). Source: Tradingview BTC sees sudden volatility Cointelegraph Markets Pro and Tradingview showed a nightmare for long…
“# One BTC will be worth a Lambo by 2022, and a Bugatti by 2023: Kraken CEO ” Appearing on Bloomberg, Kraken CEO Jesse Powell explained why he believes dollar-based long-term price predictions for Bitcoin are flawed, emphasizing the inflationary nature of fiat currencies. Responding to a question asking Powell for end of year price…
“# Bitcoin futures premium hits 30% but analyst says ‘This time it’s different’ ” March 30 could become a historical day that will be remembered by Bitcoin (BTC) fans for a long time. Besides marking a 17% recovery from the $50,300 bottom on March 25, PayPal officially confirmed that it will support crypto payments for…
“# Bitcoin is outshining gold in the battle of the safe havens ” As the Bitcoin (BTC) price edges closer to $59,000, its value relative to gold is approaching new all-time highs, possibly hinting at the emergence of a new preferred store of value. Measured against gold, Bitcoin’s price reached 34.94 ounces on Tuesday. The…
“# Oops! A 100% Bitcoin hodl outperformed CNBC’s 2017 altcoin basket by 170% ” Bitcoin (BTC) has produced phenomenal returns most years, but when it comes to maximizing them, it’s best just to buy and hodl. That was the conclusion from new data circulating on social media this week, which casts serious doubt on the…
“# Bitcoin nears all-time highs — Here’s why $73K is the next key level to watch ” The price of Bitcoin (BTC) saw a correction in the run-up to the record options expiry last Friday. However, nothing happened despite some expecting a massive move on the same day. The actual correction occurred before the event….
“# CME Group set to launch Micro Bitcoin futures ” The Chicago Mercantile Exchange, or CME, has unveiled plans to launch a new Bitcoin (BTC) derivatives product that will enable traders to speculate on fractional units of the flagship digital currency. CME Group’s Micro Bitcoin futures contract, which is set to launch May 3 pending…
“# Bitcoin jumps past $59K as PayPal launches crypto payments at 29M merchants ” Bitcoin (BTC) neared $60,000 on March 30 after PayPal confirmed that it had formally launched cryptocurrency payments. BTC/USD 1-minute candle chart (Bitstamp). Source: Tradingview PayPal: Crypto is now “legitimate funding source” Data from Cointelegraph Markets Pro and Tradingview showed BTC/USD hitting a ten-day…
“# Price analysis 3/29: BTC, ETH, BNB, ADA, DOT, XRP, UNI, THETA, LTC, LINK ” On Monday Visa Inc announced that it had launched a pilot program with Crypto.com to enable its partners to settle fiat transactions by sending USD Coin (USDC) stablecoin to Visa’s Ethereum address at Anchorage digital bank. This step by Visa shows…
“# Do $100K–$300K Bitcoin call options signal a bullish BTC price path? ” The open interest on Bitcoin (BTC) Dec. 31 call options between $100,000 and $300,000 reached an impressive 6,700 contracts, which is currently worth $385 million. These derivatives give the buyer the right to acquire Bitcoin for a fixed price, while the seller…