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 ...

Bitcoin traders’ bullish bias holds firm even as BTC price dips to $37K

Bitcoin (BTC) briefly reached $38,000 on Nov. 24 but faced formidable resistance at the price level. On Nov. 27, Bitcoin price traded below $37,000, which is unchanged from a week ago. What is eye catching is the unwavering strength of BTC derivatives, which signals that bulls remain ...

Crypto Biz: Uniswap’s Android wallet app, Cboe to launch BTC, ETH margin futures, and more

As the final weeks of 2023 approach, it’s fair to say that one of the most dominant trends and drivers of crypto companies’ strategies over the past months can be summed up in a single word: licenses. In a tight regulatory environment, getting the green light from regulators has been ...

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 ...

Data highlights Bitcoin’s potential path to $40K amid global economic turbulence

Bitcoin (BTC) has been trading within a narrow 4.5% range over the past two weeks, indicating a level of consolidation around the $34,700 mark. Despite the stagnant prices, the 24.2% gains since Oct. 7 instill confidence, driven by the impending effects of the 2024 halving and the pot ...

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 ...

BTC price dips 3.5% as ‘overheated’ Bitcoin derivatives spark angst

Bitcoin (BTC) broke below $35,000 after the Nov. 2 Wall Street open as analysis warned of “overheated” derivatives.BTC/USD 1-hour chart. Source: TradingViewBitcoin undoes post-Fed gainsData from Cointelegraph Markets Pro and TradingView tracked a retreating BTC price as ...

Bitcoin options data highlights traders’ belief in further BTC price upside

The recent gains are a rare sight in 2023, even considering Bitcoin's impressive 108% year-to-date performance. Notably, the last instance of such price action occurred on March 14 when Bitcoin surged from $20,750 to $26,000 in just two days, marking a 25.2% price increase.Deribit BTC opti ...

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. ...

Willy Woo Analyzes the Challenge to Bitcoin’s Growth Posed by Derivatives

In the world of Bitcoin analysis, prominent analyst Willy Woo has identified a significant obstacle that could impede the future growth of the leading cryptocurrency. Woo raises concerns about the rise of Bitcoin derivatives and the consequences it brings for the crypto market. Sharing insights w ...

Bitcoin’s Open Interest Surges by $1 Billion Amid Speculation of Whale Accumulation

Bitcoin's open interest on derivatives exchanges saw a sudden surge of $1 billion on September 18, leading some to speculate that whales were accumulating in anticipation of the unsealing of Binance's court filings. However, a closer look at derivatives metrics suggests a more nuanced picture. Th ...

CTFC cracks down on DeFi protocols Opyn, ZeroEx and Deridex

The United States Commodity Futures Trading Commission (CFTC) is taking regulatory action against three decentralized finance protocols for allegedly failing to register various derivatives trading offerings.The U.S. commodities regulator announced that it issued orders against protocol Op ...

dYdX to launch decentralized order books exchange on Cosmos: KBW 2023

Decentralized exchange (DEX) platform dYdX is planning to offer a “purely decentralized” order books exchange as they migrate their ecosystem from the Ethereum network to the interchain network Cosmos.At the Korea Blockchain Week 2023, Cointelegraph's Andrew Fenton spoke with d ...

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 ...

CME Bitcoin trading volume surpasses Bybit, but is it impacting BTC price?

The Chicago Mercantile Exchange (CME) introduced its Bitcoin (BTC) futures contract in December 2017. This was around the same time that BTC had reached an all-time high of $19,800, but by late 2018 the price had dropped to $3,100. Investors in cryptocurrencies quickly learned that CME derivative ...

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 ...

CPI report may show uptick in US inflation — How will Bitcoin price react?

The S&P 500 index is currently trading only 6% below its all-time high, which was reached in January 202. Traditionally, such a situation would be seen as a bullish sign for risk-on assets, including commodities and cryptocurrencies, but this time, it appears that investors have been using th ...

Bitcoin traders put eyes on $31K even as $2B in BTC options expire on Friday

The upcoming $2 billion Bitcoin (BTC) monthly options expiry on July 28 could potentially establish $29,500 as a support level. Some argue that the recent United States Federal Reserve interest rate increase to 5.25% had a detrimental effect on risk-on assets like cryptocurrencies. However, Bitco ...

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 ...

Litecoin price at risk of a 30% drop if key LTC futures historical trend repeats

With less than two weeks until Litecoin’s halving, when the miner’s block subsidy will be cut in half, traders are questioning whether the additional scarcity effect will be enough to sustain the LTC price above $90. Litecoin’s (LTC) price has declined by 19% in the last 18 days, but ...

Bitcoin price falls to $29.5K, but on-chain data reflects investors’ growing interest

Bitcoin (BTC) price dropped below the $30,000 level on July 18, which retail investors may not have expected given the developments of the last month, but does the downside move represent an upcoming shift in the trend? Data suggests that over the longer term, it does not. To g ...

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 ...

UK Treasury plans to exclude derivatives and ‘unbacked’ tokens from regulatory sandbox

The treasury department of the United Kingdom has proposed excluding unbacked cryptoassets and derivatives from its plans for a Digital Securities Sandbox.In a consultation paper released on July 11, HM Treasury said the regulatory sandboxes which will be established under the country’s Fi ...

Bitcoin ETF hopium fades as on-chain and futures data reflect traders’ muted activity

The price of Bitcoin has been trading between $29,900 and $31,160 for the past 18 days, causing concern among investors who are looking for explanations for the lack of a clear trend. After a 25.5% rally between June 15 and June 23 led to Bitcoin’s (BTC) highest price level ...

3 reasons why Bitcoin’s price is primed to hold the $30,000 level as support

Bitcoin’s price gave back some of its recent gains this week, but multiple data points suggest that $30,000 should hold as support going forward.Bitcoin (BTC) remained within a narrow 4.3% range for the 15 days leading up to July 7. Despite the proximity of the $29,895 to $31,165 rang ...

On-chain derivatives are DeFi’s next boom opportunity — Apollo Crypto

On-chain derivatives are set to become the next big growth sector in the decentralized finance (DeFi) space, says Henrik Andersson, the chief investment officer of Australian crypto investment firm Apollo Crypto.In a wide-ranging interview with Cointelegraph, Andersson said he thinks the i ...

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 options: How will Friday’s $4.7B expiry impact BTC price?

The $4.7 billion Bitcoin (BTC) monthly options expiry on June 30 might play a decisive role in determining whether the $30,000 price will consolidate as long-term support and open room for further bullish momentum.Why is Bitcoin breaking yearly highs?Many analysts consider Bitcoin’s r ...

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 Bitcoin price up today?

Bitcoin (BTC) price is up on June 20, reaching a 14-day high at $28,103. The fresh upside from BTC comes as recent negative news of the SEC cracking down on Binance and Coinbase and bullish traders are likely hopeful that BTC can break its 10-week losing streak. Daily cryptocurrency mark ...

Fed rate pause triggers traders’ pivot to stocks — Will Bitcoin catch up?

After a momentary retest of the $25,000 support on June 15, Bitcoin (BTC) gained 6.5% as bulls successfully defended the $26,300 level. Despite this, the general sentiment remains slightly bearish as the cryptocurrency has declined by 12.7% in two months.The dismissal of Binance.US's tempo ...

3 key Ether price metrics point to growing resistance at the $1,750 level

Ether’s price plunged 7% between June 14 and June 15, reaching its lowest level in three months and impacting investors’ view that the altcoin was en-route to turning $2,000 to support. It is worth noting that the $1,620 bottom represents a $196 billion market capitalization for ...

Bitcoin and select altcoins show resilience even as the crypto market sell-off continues

A bearish trend formation has been pressuring cryptocurrency prices for the past eight weeks, driving the total market capitalization to its lowest level in more than two months at $1.06 trillion, a 2.4% decline between June 4 and June 11.This time, the move wasn’t driven by Bitcoin ...

Bitcoin rebound falters amid SEC crackdown on exchanges, raising chance of a BTC price capitulation

Bitcoin’s price lost steam after a failed retest of the $27,400 resistance on June 6, signaling that investors became less confident after the recent regulatory actions by the United States Securities and Exchange Commission (SEC) against Binance and Coinbase. Both exchanges are b ...

Security or not, Ether looks poised to hold the $1.8K level based on 3 key metrics

Ether’s price retested $1,780 after the news of the United States Securities and Exchange Commission (SEC) suing cryptocurrency exchanges Binance and Coinbase, but it’s not preposterous to suggest that Ether bulls should be more than happy that its price did not break below the 67-day ...

CFTC commissioner says proposal to reassess risk management could consider crypto

Christy Goldsmith Romero, a commissioner with the United States Commodity Futures Trading Commission (CFTC), has commented on a proposal amending the government body’s Risk Management Program with respect to digital assets.In a June 1 notice, the CFTC said it would be opening a propo ...

Robert Kiyosaki: “The U.S. is bankrupt and the only salvation is in bitcoin”

The American economist and author of the bestseller "Rich Daddy, Poor Daddy" again predicted the U.S. default and urged all Americans to buy bitcoins to save their savings. Robert Kiyosaki announced to his Twitter followers that the U.S. economy is worsening and the natio ...

Blockchain in Traditional Finance Could Save Industry Participants $120 Billion Annually, Study Finds

According to a study by the Global Financial Markets Association (GFMA), the use of blockchain in the traditional financial industry could save industry participants up to $120 billion a year. The report, which also involved specialists from Boston Consulting Group, asks ...

Brazilian Authorities Investigate Binance for Alleged Financial Crimes

As per reports from the local media, Binance, a cryptocurrency exchange, is under investigation by the Brazilian Federal Police and the Federal Prosecutor's Office. The investigation was initiated after the Securities and Exchange Commission (CVM) informed the Attorney General of Sao Paulo State ...