The pressure resumed on Bitcoin yesterday, once the Facebook’s CEO Mark Zuckerberg started to testify in front of the US House of Representatives Financial Services Committee, with the price in dollar terms finally reaching our $7,500 target. Bitcoin grilled like the Facebook CEO Members of the House trashed the Libra
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Although the Bitcoin price did not perform well during the summer, the interest in the CME Bitcoin futures contracts remains elevated, according to a recent tweet from the CME Group official account. We’ve seen recently that the recently-launched and physically-backed futures contracts of Bakkt did not spark a great interest
What was expected to be a potential catalyzed for the next Bitcoin run higher, turned out to be a disappointment, following the release of the Bakkt Bitcoin futures volume for the first week of trading. After the CFTC had approved the launching of the first futures contracts based on Bitcoin
Bitcoin continues its modest performance with the bears managing to break below a triangle formation which we’ve mentioned in our last weekly crypto analysis. After a few weeks of underperformance, the downside resumed aggressively and the price reached the daily 200 moving average again, for the first time since April
For the past four days, Bitcoin had been consolidating in a very narrow range, communicating that market participants may be gearing up for a new potential big move. It’s still unclear the dominant direction will be bullish or bearish, given a series of mixed factors. The US SEC had been
On September 9th, the Securities and Exchange Commission (SEC) Chairman Jay Clayton spoke with CNBC’s Bob Pisani and one of the main subjects had been the issue of Bitcoin-related ETFs. After losing momentum due to the latest comments from the Fed’s Chair during a Swiss forum, Bitcoin continues to lose
The Bitcoin price is back above $10,000 as a new wave of optimism seems to support bullish momentum. July and August had been the worst months of the year for the most popular cryptocurrency since sellers regained control over the order flow and drove Bitcoin from near $14,000 towards $9,000.
Following a very active first month of the year, when Bitcoin surged towards the $14,000 area then dropped towards $9,000, volatility had gradually begun to weaken, communicating that we should expect to have a calm end of the summer, with the most popular cryptocurrency unable to break any new records.
We’re only at the beginning of the week and the Asian session had been active and positive for Bitcoin, as it jumped $500 following news of the Bakkt platform finally launching Bitcoin futures contracts. ICE had struggled to launch Bitcoin futures for months, as regulatory procedures with the CFTC postponed
The idea of “digital gold” is again attributed to Bitcoin, given that it managed to rally in tandem with gold this year, despite fluctuations in global risk sentiment. Even though billionaires like Mark Cuban already mentioned that they “see Bitcoin and Gold as the same thing”, is it really the
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