Category: Price Watch

A legacy US firm just filed for a Bitcoin ETF with the SEC…again

Regulators have long shunned Bitcoin ETFs in the US, but that’s not stopping firms from trying their luck repeatedly. VanEck makes Bitcoin ETF move VanEck, a New York-based investment management firm founded in 1955, has filed for a Bitcoin exchange-traded fund with the US Securities and Exchange Commission, as per a filing released Wednesday. The…

December 31, 2020
Binance US becomes the 14th crypto exchange to announce the suspension of XRP trading

On Wednesday, December 30, Binance US became the latest cryptocurrency exchange to announce that U.S. customers will not be able to buy or sell XRP effective January 13th, 2021. Other cryptocurrency exchange to delist include: Beaxy Bittrex Bitwise Coinbase Crosstower Crypto.com Galaxy Digital Jump Trading OKCoin OSL Swipe Wallet Wirex Ziglu The SEC lawsuit The…

December 30, 2020
Bitcoin goes mainstream: Miami mayor considers buying BTC for city treasury

Miami Mayor Francis Suarez publicly said he is considering purchasing Bitcoin for the city’s treasury. On December 29, Anthony Pompliano, the co-founder and partner at Morgan Creek, asked if Mayor Suarez should allocate the city’s treasury into Bitcoin. In response, the Mayor said he is “definitely open to exploring it.” Definitely open to exploring it.…

December 30, 2020
Why XRP suddenly spiked 35% in 45 minutes after a massive correction

The XRP price increased by 35% within 45 minutes subsequent to a large correction after Coinbase suspended XRP trading. The main catalyst behind the sudden spike in the XRP price seems to be a short squeeze. According to data from Bybt.com, $96 million worth of XRP futures contracts were liquidated in the last 12 hours.…

December 29, 2020
Pending the SEC lawsuit against Ripple, Coinbase announces it will suspend XRP trading on January 19

On Monday, Dec. 28, Coinbase’s Chief Legal Officer, Paul Grewel, announced via a Medium post that Coinbase will suspend XRP trading on January 19, 2021, pending the SEC lawsuit against Ripple Labs. In the post, Grewel noted: “The trading suspension will not affect customers’ access to XRP wallets which will remain available for deposit and withdraw…

December 28, 2020
Bitcoin logs $28,000 all-time high, but there’s no retail interest (yet)

Bitcoin prices zoomed to $28,000 last week, but one key element of the market remains missing. Where’s the retail at? Data suggests a critical driver of the cryptocurrency market from 2017 is yet to step into the vicious realms of the infamous, volatile, and oft-excruciating space. Analytics service skew tweeted Sunday that “retail interest hasn’t…

December 28, 2020
Local top? Why Bitcoin traders are starting to get slightly cautious

The Bitcoin price has seen a relatively large pullback since December 27, after it hit a peak at $28,422. Following a 6.5% drop, technical analysts and traders are becoming slightly cautious in the short-term. The Bitcoin price chart. Source: BTCUSD on TradingView.com Bitcoin demand came from derivatives, not institutions The Bitcoin rally to over $28,000…

December 28, 2020
Local top? Why Bitcoin traders are starting to get slightly cautious

The Bitcoin price has seen a relatively large pullback since December 27, after it hit a peak at $28,422. Following a 6.5% drop, technical analysts and traders are becoming slightly cautious in the short-term. The Bitcoin price chart. Source: BTCUSD on TradingView.com Bitcoin demand came from derivatives, not institutions The Bitcoin rally to over $28,000…

December 28, 2020
Litecoin (LTC) continues to surge with another intraday rally—but why?

The Litecoin price surged 6% again in the past 24 hours, after a week-long rally. It has become the second-best performing cryptocurrency by weekly gain. What’s triggering the Litecoin price rally? There are three major factors behind the Litecoin price rally: ideal technical structure, Bitcoin’s rally, decent fundamentals. Jonny Moe, a cryptocurrency trader, pinpointed the…

December 27, 2020
Why XRP dropped 24% in 2 hours after a massive relief rally

The XRP price has declined by 24% in the past hour on Binance after Bitstamp released its statement. The XRP 1-hour price chart. Source: XRPUSD on TradingView In light of the U.S. Securities and Exchange Commission (SEC)’s complaint against Ripple, Bitstamp said it is halting XRP trading for U.S. customers. The exchange wrote: “In light…

December 25, 2020