Category: Price Watch

Back-month Bitcoin futures contracts are trading at a steep discount to spot on the leading exchanges, indicating that derivatives traders could have low expectations for a price recovery after the coin’s recent capitulation. The basis, which measures the premium or discount between the spot price and the futures price, is often considered a useful gauge…

The turbulence seen within the stock market over the past several weeks has sent shockwaves across virtually all markets, leading Bitcoin and other digital assets to post unprecedented losses throughout the past several days and weeks. This intense global downturn has been fueled by the Coronavirus pandemic, which has struck fear into the hearts of…

The Bitcoin price has recovered from $3,600 to over $5,200, recording a 44 percent recovery within merely hours. The upsurge coincided with a 900-point upsurge of the Dow Jones Industrial Average (DJIA). After a 9.99 percent drop in a single session, the Dow Jones entered deep into a bear market territory. It saw record-high levels…

The CEO of Hong Kong-based crypto derivatives exchange FTX has speculated that if BitMEX had not gone offline on account of “hardware issues” Friday morning, the price of Bitcoin could have crashed to zero. Sam Bankman-Fried, a.k.a. SBF, mused in a thread on Twitter Friday morning that BitMEX may have pulled their exchange offline out…

The price of Bitcoin dived $400 below the BTC spot price on BitMEX’s Bitcoin perpetual swap contract as the platform reportedly halted trading on account of “system instability.” Traders have widely reported experiencing a system crash on BitMEX between 02:16 and 03:00 UTC Friday morning, as XBTUSD crashed to $3,600, $400 below the Bitcoin spot…

Bitcoin has entered a sharp sell-off in the wake of an address Wednesday night by U.S. President Donald Trump on the Coronavirus, strengthening speculation the number-one crypto by market cap is trading as a risk-on asset. Global markets entered another rout as President Trump said his administration would be imposing fresh measures to combat the…

Bitcoin and the aggregated cryptocurrency market attempted to rebound this evening following an intense bout of selling pressure seen earlier today, which came about in tandem with the decline seen by the U.S. stock market. This backdrop of global bearishness has proven to be devastating for BTC, as its firm status as a risk-on asset…

Ethereum has consistently been the best performing cryptocurrency in the first two months of 2020. It surged by 127 percent from January 1 to the highest point of the year on February 15, after a lackluster year in 2019. Yet, in the last 4 days, the price of Ethereum has fallen by more than 27…