Little more than a month after their launch, Bitcoin (BTC) options contracts on the Intercontinental Exchange’s digital asset platform Bakkt appear to have seen sluggish uptake. The latest available reports for the contract, Jan. 24 and Jan. 27, reveal that 11 days have elapsed since the last trade. Traders bide their time As reported, Bakkt launched its new BTC options contract in early December, shortly after rolling out a cash-settled Bitcoin (BTC) futures offering in November. Options are derivatives that are designed to provide traders with additional flexibility hedge against…
Month: January 2020
Bitcoin Price Jumps to $9,400 Levels, Hits Its New 2020 and 3-Month High
Bitcoin continues with its upward momentum as the world’s largest cryptocurrency inches higher third-day in a row. In the late hours on Tuesday, January 28, the Bitcoin price surged close to $9400 levels. With today’s price surge, Bitcoin has added $2000 to its price since the start of this year 2020. In just the first 28 days of 2020, Bitcoin has given over 30% returns to its investors. At press time, Bitcoin is trading at a price of $9349 with a market cap of over $170 billion. Bitcoin’s price surge…
Alleged Crypto Ponzi OneCoin May Have Used Flood of Fake Reviews to Boost Ailing Image
The OneCoin cryptocurrency project – accused by authorities of being a Ponzi scheme – may have attempted to boost its fortunes by using “inauthentic” accounts to place favorable reviews on TrustPilot and Quora, according to new research. The Digital Forensic Research Lab (DFRLab), an entity under U.S. think-tank the AtlanticCouncil, said in a report on its blog Wednesday that OneCoin “astroturfing campaign” came around the same time that its founder, Ruja Ignatova, disappeared following a number of legal cases against her and other members of the project in 2019. In…
Crypto Ponzi OneCoin May Have Used Flood of Fake Reviews to Boost Ailing Image
The OneCoin cryptocurrency project – accused by authorities of being a Ponzi scheme – attempted to boost its fortunes by using “inauthentic” accounts to place favorable reviews on TrustPilot and Quora, according to new research. The Digital Forensic Research Lab (DFRLab), an entity under U.S. think-tank the AtlanticCouncil, said in a report on its blog Wednesday that OneCoin launched the “astroturfing campaign” around the same time that its founder, Ruja Ignatova, disappeared following a number of legal cases against her and other members of the project in 2019. In March…
Bitcoin’s Best Q1 Since 2013 to ‘Escalate’ If $9.5K Is Broken: Trader
Bitcoin (BTC) investors have already made more on their holdings this quarter than any Q1 since 2014, as data shows a sustained influx of institutional interest. According to findings from statistics resource Skew Markets, Bitcoin’s gains so far in 2020 amount to just under 30%. In no other quarter in the past six years did markets perform that strongly. 2020 thrashes downbeat Q1 trend By contrast, Q1 tends to be an underwhelming period for Bitcoiners. 2014 saw 39% losses, while 2015 and 2016 saw BTC/USD drop by 24% and 3%…
Bitcoin Hits $9,400 In Vertical Rally, But It’s At Risk of A Violent Pullback For This Key Reason
Bitcoin extended its rally above the $9,200 resistance against the US Dollar. BTC tagged the $9,400 area and now it could correct lower towards $8,800 or $8,500. Bitcoin price is approaching a couple of key resistances near $9,500 against the US Dollar. There could be a short term downside correction from $9,400 or $9,500 in the coming sessions. Yesterday’s major bullish trend line is still active with support near $9,040 on the hourly chart of the BTC/USD pair (data feed from Kraken). Ethereum is lagging, but it could rally if…
Bitcoin Hits $9,400 In Vertical Rally, But It’s At Risk of A Violent Pullback For This Key Reason
Bitcoin extended its rally above the $9,200 resistance against the US Dollar. BTC tagged the $9,400 area and now it could correct lower towards $8,800 or $8,500. Bitcoin price is approaching a couple of key resistances near $9,500 against the US Dollar. There could be a short term downside correction from $9,400 or $9,500 in the coming sessions. Yesterday’s major bullish trend line is still active with support near $9,040 on the hourly chart of the BTC/USD pair (data feed from Kraken). Ethereum is lagging, but it could rally if…
Cardano (ADA) Bulls Outpaces Bitcoin: Here’s What Could Propel It to $0.06
Cardano rallied more than 12% and outpaced bitcoin’s 5% rise. ADA price is now trading well above $0.0500 and it could continue to rise towards the $0.0600 resistance area. ADA price started a strong rise after it broke a major resistance near $0.0465 against the US dollar. The price rallied above the $0.0500 and $0.0520 resistance levels. There was a break above a key contracting triangle with resistance near $0.0440 on the 4-hours chart of the ADA/USD pair (data source from Kraken). The pair is likely to rise further towards…
Here’s Ethereum Bears Last Defense, Can Bulls Overcome This Hurdle?
Ethereum is up 2% and it broke the $175 resistance, while bitcoin rallied 5%. ETH price is now facing a strong resistance near the $178 and $180 levels. There was a steady rise in Ethereum above the $170 and $175 levels against the US Dollar. The price revisited the key $178 resistance area, where the bears took a stand. There is a major ascending channel forming with support near $173 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rally significantly once there is a close…
Bitcoin Price Rallies to Set a 2020 High Near $9.5K — Is $10K Next?
Bitcoin (BTC) price has rallied to $9,439 and bulls have again shown that they have no intention of letting the crypto market’s most valuable asset stay below the $9K mark. Bitcoin daily price chart. Source: Coin360 Earlier in the day Bitcoin’s price dropped below $9,000 to a daily low at $8,879, which led some analysts to issue dismayed calls for a revisit and consolidation around the $8,300 to $8,500 range. While the thought of a pullback was the least desired scenario amongst traders, it seems perfectly reasonable given Bitcoin’s robust…