Tag Archives: Markets

Trading Legend Don Wilson: Asian Demand High for Bitcoin Futures

Don Wilson, founder of high-speed trading firm DRW, said bitcoin derivatives trading in Asia hours is almost equal to the volume he’s seen in the U.S., something he says is an anomaly when compared to other financial instruments. In a fireside chat at the CoinDesk Consensus Singapore 2018 conference with Quartz’s John Detrixhe, Wilson discussed his observations on… Read More »

US Confiscates Millions in Cryptocurrencies in Alphabay Forfeiture Case

This month the US District Court of Eastern California has been very busy dealing with cases involving the infamous and now defunct darknet marketplace the Alphabay. The Federal courthouse in Fresno just recently wrapped up the forfeiture case involving the alleged Alphabay leader Alexandre Cazes. Further, the Fresno courthouse has charged and have plans to indict multiple Alphabay… Read More »

ETH and XRP See Major Boost Amid Checkered Market Outlook

Tuesday, September 18: while the wider crypto markets remain shaky, Ripple (XRP) has today seen a major price boost, and Ethereum (ETH) has also strongly rebounded from recent losses, as data from Coin360 shows. Market visualization by Coin360 Having settled to circle the $6,500 mark towards the end of last week, Bitcoin (BTC) has subsequently seen some volatility,… Read More »

XRP Price Bucks Bearish Market Mood to Hit 13-Day High

XRP is reporting double-digit gains today, despite a generally bearish mood across the wider crypto markets. The open-source token – which is developed largely by blockchain payments startup Ripple – was changing hands at $0.3251 at press time, having hit a 13-day high of $0.3241 at 14:00 UTC. The world’s third-largest cryptocurrency by market capitalization has appreciated by 17… Read More »

Bitcoin Price Outlook Worsens After Drop to Five-Day Lows

Bitcoin’s (BTC) drop to five-day lows on Monday has likely emboldened the bears, technical studies indicate. The leading cryptocurrency traded in a sideways manner over the weekend, neutralizing the immediate bullish outlook. However, the consolidation was expected to end with an upside break, as the short-term moving averages (MAs) turned bullish on Saturday, adding credence to positive relative… Read More »

Crypto Markets Drop Sharply, Ethereum Loses Week’s Earlier Gains

Crypto markets have seen a sharp decline today, September 18, with Bitcoin (BTC) down $200 and market cap dropping as low as $192 billion within a few hours. As of press time, 93 out of 100 top cryptocurrencies by market capitalization are in the red, while losses among the top 20 coins reach over 10 percent, according to… Read More »

Ether Just Erased Half of Last Week’s 35% Rally

The price of ether (ETH), the world’s second-largest cryptocurrency by market capitalization, sank nearly $30 today, effectively erasing half of the 35 percent rally recorded last week. At press time, ETH is trading across exchanges at an average price of $196 – down $28 and 11 percent on a 24-hour basis, according to CoinDesk’s Ether Price Index (EPI).… Read More »

Bitcoin BCH – The value proposition

When Bitcoin split into two chains in August of 2017, it did so because the original roadmap for Bitcoin was hijacked, and there existed an economic pressure to see the fulfilment of the original vision. This economic pressure not only resulted in the rebirth of Bitcoin in BCH but was also the cause of the sudden increase in value among numerous… Read More »

Crypto Markets See Mixed Red and Green, BTC and ETH Hold Ground

Monday, September 17: crypto markets are today largely green, but scattered mild corrections are affecting several major-market-cap altcoins, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) is just a fraction of a percent down on the day to trade at $6,484 to press time. Having reclaimed the $6,500 price point September 13, the top coin… Read More »

$6,550: Bitcoin Charts Suggest New Target for Price Rally

The corrective rally in Bitcoin (BTC) could gather momentum if key resistance above $6,500 is crossed on the back of high volumes, according to technical charts. The leading cryptocurrency witnessed a symmetrical triangle breakout last week, opening doors for a stronger corrective rally towards $6,800–$7,000. However, despite the bullish setup, BTC faced rejection near $6,660 on Friday and… Read More »