CME Bitcoin Futures Options Overtake Bakkt with over $2 Million in Debut

Bitcoin (BTC) futures options trading is now live on the Chicago Mercantile Exchange – CME. The offering went live yesterday Jan. 13 and began trading after it successfully got approval from regulatory authorities.  The CME Group announced this on its website as trading went live. According to the page, Bitcoin futures options were created to satisfy customers’ yearnings. It says it was done “in response to growing interest in cryptocurrencies and customer demand for tools to manage Bitcoin exposure.” It also explains that the options available are based on the regulated CME…

Ultra-Bullish Bitcoin Analyst Predicts $100K Price in Next 24 Months

After a fairly good ending to 2019, Bitcoin has been on a good start in 2020. Since the start of 2020, the Bitcoin price has surged nearly 20% reaching closer to over $8,500 levels. At press time, Bitcoin is trading for a price of $8,534 with a market cap of $154 billion. However, this has got many analysts and Bitcoin enthusiasts talking about future predictions. This has always been the case for Bitcoin which has been the darling of crypto investors over the last few years. A Twitter handle named…

Bitcoin SV Rallies 20%: Here Is Why It Could Surge Further

Bitcoin SV price rallied more than 20% recently and climbed towards the $200.00 resistance. BSV is currently trading with a strong bullish bias and it could even surge above $200.00 and $205.00. Bitcoin SV price is up more than $100.00 this month and doubled in the value against the US Dollar. The price is currently up more than 20% and it tagged the $200.00 resistance. There was a break above a major contracting triangle near $165.00 on the 4-hours chart of the BSV/USD pair (data feed from Kraken). It seems…

Troubling Sign: Bitcoin’s Surge to $8.2k Was Much Weaker Than to $12k, Data Shows

Over the weekend, the bitcoin price spiked to as high as $8,200 prior to the highly anticipated weekly close. Despite it being the first strong breakout since November 2019, there was not enough buying demand to push it to higher levels. Many traders expected bitcoin to hit upper resistance levels including $9,000 supported by the upward momentum in the past three days. As the weekly candle closed below $8,500, bitcoin rejected the $8,200 to $8,400 range and dropped back to around $8,050. Drop from $8,200 could lead to a bigger…

Bitcoin, Ether, and XRP Weekly Market Update January 13, 2020

The total crypto market cap added $15.6 billion to its value for the last seven days and now stands at $216.9 billion. The top 10 currencies were all in green for the same time frame with Bitcoin SV (BSV) and Bitcoin Cash (BCH) being the best performers with 45 and 18 percent of gains respectively. By the time of writing bitcoin (BTC) is trading at $8,091 while ether (ETH) moved up to $143. Ripple’s XRP is trading at $0.211. BTC/USD Bitcoin continued with its good performance on Sunday, January 5…

FTX Derivatives Exchange Launches Bitcoin Options Trading

FTX crypto derivatives exchange platform has begun services for Bitcoin (BTC) options. The announcement came in a tweet posted on Saturday from FTX CEO Bankman-Fried. Options are live!https://t.co/B85lrLVDQO — SBF (@SBF_Alameda) January 12, 2020 The announcement did not include any specific details about the offering, only that its Bitcoin options. However, in another tweet just about two hours later, the CEO said the platform had hit $1m in volume, since the launch. FTX Bitcoin Options Even as days have passed, not a lot of information has been shared yet. It…

Bitcoin’s Consolidation Past $8,000 Strengthens Its Safe-Haven Status

BTC/USD is presently trending at $8,091 (-1.1% from the start of the day). The coin retreated from an intraday high of $8,195.81, although the trend is quite bullish. As per Arcane Research, Bitcoin volumes have more than increased in seven days. The organization found that the 7-day normal every day exchanging volume spiked 126% all through the underlying seven day stretch of 2020 and came to $1.5 billion, exchanged on January 8, contrast with a dismal $192 million as of January 1. This scenario can be seen as a bullish…

BitMEX: Bitcoin Lightning Usage Higher Than Expected, And It’s Crucial For BTC

According of a research report from BitMEX, the largest cryptocurrency margin trading platform in the global market, the usage of the lightning network on bitcoin has surpassed expectations. More than 60,000 lightning network non-cooperative channel closures were recorded, and around 6,000 BTC were spent for closure transactions. The lightning network is a second-layer scaling solution that allows users to transact using bitcoin with extremely low fees. Why lightning’s growth is crucial for bitcoin’s long-term trend A channel on the lightning network is like a opening a tab at a bar.…

This Key Sign Shows Bitcoin Bulls Are Accumulating: Important Levels to Watch

Bitcoin price is confined in a range below the key $8,200 resistance against the US Dollar, suggesting a short term accumulation phase. BTC could either rally above $8,200 or it might dip to $7,700 before a decent bounce. Bitcoin is moving in a range between $8,200 and $8,000 against the US Dollar. The bulls are likely aiming an upside break above the $8,200 resistance area. There is a key bearish trend line forming with resistance near $8,170 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…

Bitcoin May Have Just Rejected a Big Rally to the $9,000: Here’s Why

The bitcoin price looked to be en route of surpassing a key resistance level at $8,250 that would leave it open to testing $9,000 and levels higher above it. But, the weekly close below $8,500 may leave it vulnerable for a steep pullback. In short-term trading, a weekly close is considered an important element that plays a factor in how the following week reacts. At crucial periods, a weekly close often dictates the price trend of bitcoin for many weeks that follow. Bitcoin unable to close above $8,500 and a…