Category: Price Watch
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Why Ethereum is stagnating behind Bitcoin after its rally to new record-high
The price of Ethereum is declining against both Bitcoin and the U.S. dollar. This comes as the dominant cryptocurrency soared to a new all-time high in the last several hours. As Bitcoin began to climb towards $49,900, the price of Ethereum actually dropped in the same period. Although Ethereum has sometimes lagged behind Bitcoin during…
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Bitcoin flirts with $50,000 at the end of a lovely week
On Valentine’s Day, the crypto market was infatuated with Bitcoin (BTC) as the coin broke yet another all-time high, reaching roughly $49,530, according to metrics platform CoinGecko. Bitcoin price chart. Image: CoinGecko Meanwhile, the week leading to February 14 was also quite eventful all by itself, with a slew of Bitcoin-related announcements and news exploding…
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JPMorgan co-president admits the demand for Bitcoin will come at “some point”
In a conversation with CNBC about Bitcoin, JPMorgan co-president Daniel Pinto said the demand for Bitcoin will come at “some point.” Albeit the message seems ostensibly optimistic, Pinto is implying that the demand for Bitcoin isn’t here just yet. What kind of demand for Bitcoin would be sufficient? The price of Bitcoin has increased by…
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Here are 3 reasons why Cardano (ADA) is up 100% this month
Cardano’s native cryptocurrency ADA has been on a roll since the beginning of February, seeing a price increase of over 100 percent since the beginning of the month. And while the overall bull market has been partly responsible for ADA’s price hike, the rally is mostly fueled by the major developments inside IOHK and a…
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Bitcoin “call buying frenzy” occurs, will options market demand fuel another rally?
According to the data analytics platform Laevitas, the Bitcoin options market is seeing a “call buying frenzy.” This means that the buyer demand for BTC is rising rapidly in the form of options. The options market has seen significant growth in recent months. Data from Skew shows the total options market open interest has increased…
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Bitcoin “call buying frenzy” occurs, will options market demand fuel another rally?
According to the data analytics platform Laevitas, the Bitcoin options market is seeing a “call buying frenzy.” This means that the buyer demand for BTC is rising rapidly in the form of options. The options market has seen significant growth in recent months. Data from Skew shows the total options market open interest has increased…
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Tesla invests $1.5 billion into Bitcoin, plans to accept BTC payments
Tesla, a tech company led by well-known crypto enthusiast Elon Musk, has bought $1.5 billion worth of Bitcoin and plans to add support for BTC as a form of payment in the near future, according to its filing with the US Securities and Exchange Commission (SEC) published today. “Thereafter, we invested an aggregate $1.50 billion…