Research the dynamics of market manipulation before you jump in Bitcoin ETFs

Investors are eagerly anticipating the potential approval of a spot bitcoin exchange-traded fund (ETF) by the United States Securities and Exchange Commission (SEC). The excitement began in early June when the investment giant BlackRock submitted a filing for the product and gained further moment ...

CME Bitcoin futures show investors betting on $40K BTC price

The demand for institutional investors for Bitcoin (BTC) became evident on Nov. 10 as the Chicago Mercantile Exchange (CME) Bitcoin futures flipped Binance's BTC futures markets in terms of size. According to BTC derivatives metrics, those investors are showing strong confidence in Bitcoin's pote ...

Spot Bitcoin ETF: Why this time is different

A wave of optimism around the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States has ignited bullish price action in the crypto market in recent weeks. But that could be just the beginning: If a spot Bitcoin ETF receives a greenlight by the U.S. Secur ...

Bitcoin ETFs will drive institutional adoption in 2024 – Galaxy Digital’s Mike Novogratz

Galaxy Digital founder Mike Novogratz has told investors that 2024 will be headlined by institutional adoption of cryptocurrencies driven by the pending approval of Bitcoin (BTC) spot exchange-traded funds (ETFs).During Galaxy Digital’s third-quarter earnings call on Nov. 9, Novogratz ...

CME overtakes Binance to grab largest share of Bitcoin futures open interest

Binance’s dominance of Bitcoin futures open interest has been toppled by traditional derivatives market place heavyweight Chicago Mercantile Exchange (CME), following Bitcoin’s first move past the $37,000 mark in over 18 months.A number of analysts highlighted the ‘flippe ...

Bitcoin ‘short squeeze’ sends BTC price to $35.9K as OI stays elevated

Bitcoin (BTC) saw classic BTC price volatility into the Nov. 7 daily close as a “short squeeze” took the market near $36,000.BTC/USD 1-hour chart. Source: TradingViewBitcoin hits "key" short squeeze priceData from Cointelegraph Markets Pro and TradingView followed BTC/US ...

Bitcoin open interest passes $15B as analyst warns of 20% BTC price dip

Bitcoin (BTC) fell toward $34,500 on Nov. 7 as analysts’ attention turned to mushrooming open interest.BTC/USD 1-hour chart. Source: TradingViewOpen interest "surge" spooks Bitcoin punditsData from Cointelegraph Markets Pro and TradingView showed BTC price trajectory strugglin ...

Coinbase launches regulated crypto futures services for US retail traders

Coinbase Advanced allows retail traders in the United States access to regulated crypto futures contracts four months after Coinbase Financial Markets (CFM) secured approval to operate a Futures Commission Merchant (FCM) entity.On Aug. 17, CFM secured regulatory approval from the National ...

Bitcoin ETFs may be headed for one epic Gensler ‘rugpull,’ say analysts

There’s a slim chance the United States Securities and Exchange chief Gary Gensler could pull the plug on spot Bitcoin (BTC) exchange-traded funds in one “amazingly sadistic” move, according to Bloomberg ETF analysts. In an Oct. 31 tweet directed at senior Bloomberg ...

Bitcoin’s bull move might not be over yet — Here are 3 reasons why

The bullish momentum that propelled Bitcoin (BTC) price to a year-to-date high continues into its third week as the price presses toward the $35,000 handle. Some notable developments that back the current bullish momentum are: The forming a golden cross between the 50-day ...

CME becomes second-largest Bitcoin futures exchange as open interest surges

The Chicago Mercantile Exchange (CME), a regulated Bitcoin (BTC) Futures exchange, now stands just behind Binance in terms of notional open interest (OI) to rank second in the list of BTC futures exchanges.CME’s OI hit $3.58 billion earlier on Oct. 30, pushing the regulated derivatives exc ...

End of ‘Uptober’ targets $40K BTC price — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week at comfortable highs as traders square off over BTC price action to come.As macroeconomic uncertainty continues to grow, Bitcoin is cementing its new trading zone above $30,000.The highest weekly close since early May 2022 is the latest achievement fo ...

Bitcoin price chases after $35K as BTC derivatives data signals fresh inflow

Bitcoin’s (BTC) price action is the talk of the town this week and based on the current sentiment expressed by market participants on social media, one could almost assume that the long-awaited bull market has started. As Bitcoin's price rallied by 16.1% between Oct. 22 and Oct. ...

Mixin Network Faces Largest Hack of 2023, Offers $20 Million Reward to Recover Stolen Funds

Coinbase International Exchange, holding a class F license from the Bermuda Monetary Authority (BMA), has announced that it has obtained additional regulatory approval to offer perpetual futures trading to non-US retail customers. Coinbase International had previously launched crypto derivatives ...

Analyzing ‘Paper BTC’: How Bitcoin Futures Contracts Impact the Cryptocurrency Market

The cryptocurrency market is experiencing a phenomenon referred to as "paper BTC," which is essentially the combined open interest value of Bitcoin futures contracts. Analysts are examining how this "paper BTC" compares to the actual Bitcoin being traded and its impact on the market. Key points h ...

Bitcoin futures data hints at $22K as the next logical step

A Bitcoin (BTC) price correction down to $22,000 is becoming increasingly likely as BTC derivatives have begun to exhibit bearish tendencies.The price chart of Bitcoin leaves little doubt that investor sentiment worsened after the much-hyped victory by Grayscale Asset Manager aga ...

Bitcoin futures open interest at 2023 high while BTC trading volume at yearly low — What gives?

Bitcoin (BTC) traders are currently not pleased with the recent price trends, especially due to the inability of its price to surpass the $30,500 mark over the last four weeks. This frustration is compounded by the fact that several requests for spot Bitcoin exchange-traded funds (ETFs) are eithe ...

Deribit’s Bitcoin volatility index hits lifetime lows, hinting sideways action

Crypto options exchange Deribit's future-looking Bitcoin (BTC) volatility index — used as a crypto fear gauge of sorts — has reportedly reached its lowest level in two years, indicating a possible lack of price turbulence for Bitcoin in the near future. On July 24, crypto ...

SEC vs. Ripple: Huge win for crypto

In the latest episode of The Market Report, Cointelegraph analyst and writer Marcel Pechman discusses Ripple’s partial victory against the Securities and Exchange Commission and its impact on the crypto market. Although people traded based on emotion after headlines popped out, the next day, as i ...

First Bitcoin futures contract debuts in Argentina

Argentina welcomed its first Bitcoin futures contract on July 13, just three months after the country’s securities watchdog approved the underlying index as part of a strategic innovation agenda.According to Matba Rofex, the trading platform behind the investment vehicle, it is t ...

BlackRock Bitcoin ETF could unlock $30 trillion worth of wealth, Bloomberg analyst says

$30 trillion worth of capital could suddenly unlock for the Bitcoin market if a Bitcoin spot ETF is approved by the U.S. Securities and Exchange Commission, according to Bloomberg ETF analyst Eric Balchunas. That is the estimated amount of assets controlled by financial advisors in th ...

Bitcoin futures premium hits 18-month high — Time to flip bullish?

The Bitcoin futures premium reached its highest level in 18 months on July 4. But traders are now questioning whether the derivatives metrics indicate “excessive excitement” or a “return to the mean” after a prolonged bear market.BTC price gains capped by regulators, macroeconomicsBit ...

Bitcoin ETF fever returns: ‘Biggest’ inflow to ProShares’ BITO in a year

Bitcoin (BTC) exchange-traded fund (ETF) fervor is back with a raft of new applications and an increase in capital inflows from institutional investors.On June 26, a surge of inflows to the ProShares Bitcoin Strategy ETF (BITO) — a Bitcoin futures fund — was observed by Bloombe ...

Bitcoin price data suggests bulls will succeed in holding $30K as support this time

Bitcoin (BTC) has been trading above $31,000 after its 24.3% rally between June 15 and June 23, which caught many off guard. For bears, that meant facing $165 million in short futures contract liquidations, but the unexpected rally also brought some degree of discomfort for investors using Bitcoi ...

Why is the crypto market up today?

The crypto market is up today, continuing gains from the Friday due to a mix of technical and fundamental factors.Oversold bounce across top crypto market assetsOn June 17, the crypto market's capitalization grew by over 2% to $1.05 trillion, up nearly 7.5% from the  $975.25 billion l ...

Cboe Digital receives nod for margin trades on its crypto futures exchange

Cboe Digital, a major options exchange in the United States, has had its application to offer margined futures contracts for Bitcoin (BTC) and Ether (ETH) approved by the United States commodities regulator. While Cboe has offered crypto futures contracts since December 2017, margin trades ...

London Stock Exchange partners with Global Futures and Options to launch UK’s first regulated bitcoin futures and options trading

The London Stock Exchange has joined forces with Global Futures and Options to introduce the UK's premier controlled trading platform for bitcoin futures and options. This groundbreaking collaboration between the LSE and the GFO-X trading platform has been announced via a joint statement, confirm ...

Cryptocurrency Exchanges See Record Trading Volumes in March 2023

Based on data from CCData, centralized cryptocurrency exchanges experienced a surge in trading volumes last month, with a total of $3.81 trillion traded. This marks the highest trading volume since September of 2022. The spot market saw trading volumes of $1.04 trillion, an increase of 10.8% in M ...

Grayscale CEO Criticizes SEC’s Refusal to Approve Bitcoin ETF

During an interview with CNBC, Michael Sonnenshein, the CEO of Grayscale Investments, expressed his frustration with the US Securities and Exchange Commission's (SEC) repeated refusal to approve the launch of a Bitcoin-pegged ETF. The SEC has cited concerns about manipulation in the spot market a ...