Crypto is in a bear market. So says pretty much every market commentator for the past few months and the 2018 November slump was a low point in a market that was already low. Is there any upside to this? For anyone?
In the early hours of Monday morning, 24-hour cryptocurrency trading volumes hit $39 billion – the highest since 21st April 2018 when it hit $41 billion. But what does this mean?
On 18th February at around 01:00 UTC, somebody placed the biggest ever trade in the history of CME futures. Approximately 16,000 contracts were exchanged representing 80,000 BTC – or a notional value of around $320 million.
Ethereum just crossed the 200 day moving average for the first time since June amidst high trading activity. This indicates the potential for some major price moves.
Institutions are starting to take the crypto opportunity seriously and recognise that digital asset trading is here to stay.
A rash of delays and disappointments have hit the cryptoindustry. At times like these, it’s tempting to throw in the towel and give up on Bitcoin. What are the reasons to be hopeful? What changes coming soon will change the mood?
Analysts at JPMorgan, a New York-based international investment bank with over $2.6 trillion in total assets under control, have said that the value of cryptoassets is unproven and its underlying blockchain technology will not help improve traditional banking processes for at least the next few years.
VanEck’s founder and CEO, Jan Van Eck, said that the firm is ready to answer many of the SEC’s questions but in order to make its case “clearly and convincingly to the regulators” it needs the US government to reopen.
Retail and institutional investors will soon benefit from a high-speed, reliable and trusted platform for trading digital assets with ATOM Group’s AAX Exchange set to leverage the London Stock Exchange Group’s Millennium Exchange matching engine.
US-based digital asset exchange, Bittrex has announced its plans to launch an over-the-counter (OTC) cryptocurrency trading desk.
Bitcoin is struggling to hold its position again, as the bears return to the market…
