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100,000 Micro Bitcoin Futures Trade on CME Exchange in First Six Days
12.5.2021
More than 100,000 micro bitcoin futures traded on CME in the first six days since launch, the exchange has revealed. CME’s global head of equity index says that this new smaller contract, along with the full-size bitcoin futures, strengthens the exchange’s ability to help a broad array...
Morgan Creek’s Mark Yusko Predicts Bitcoin Can Reach $250K in 5 Years
11.5.2021
Mark Yusko, Morgan Creek Capital Management’s CEO and cofounder, is extremely bullish on bitcoin. Despite a period of consolidation, Yusko expects the leading crypto asset to tap $250,000 in five years. In a recent interview, he said that the network continues to swell in...
Ethereum Skyrockets Past $4K Tapping a New ATH, Ether Dominance Jumps to 20%
10.5.2021
The price of ethereum, the second-largest crypto asset in terms of market valuation, touched an all-time high (ATH) on Monday, capturing $4,246 per unit. Ethereum has been on a tear during the last year against the U.S. dollar, gaining a whopping 2,129% in 12 months. Ethereum Captures Fresh Price...
Analyst Explains Why Ethereum Is Rallying, Hitting All-Time Highs
10.5.2021
Investment management firm Ark Invest has highlighted three reasons why the price of ethereum has been hitting record highs. The firm cited increased institutional interest, strong on-chain signals, and imminent protocol upgrades as the key reasons. Why Ethereum Has Been Going Up ARK Investment...
Ethereum Classic Rose 220% This Week, but Why?
8.5.2021
Ethereum Classic, a seemingly forgotten cryptocurrency, reached the attention of many this week when its price skyrocketed out of the blue, but there might be some reasons behind it. Also, Bitcoin Cash and other Bitcoin-based forks enjoyed a healthy week in the green, alongside Dogecoin, whose...
Goldman Sachs Launches Bitcoin Derivatives Trading as ‘Institutional Demand Continues to Grow Significantly’
6.5.2021
Investment bank Goldman Sachs has reportedly begun offering a bitcoin investment product to clients. The firm has opened up trading with non-deliverable forwards, a bitcoin derivatives product. To hedge against the cryptocurrency’s volatility, Goldman Sachs will trade bitcoin futures on...
Southeast Asia’s Largest Bank DBS Says Trading Volumes on Its Cryptocurrency Exchange Have Increased 10 Times
5.5.2021
DBS, Southeast Asia’s largest bank, says that cryptocurrency trading volumes on its exchange have grown 10 times to around $30 million to $40 million. The bank is also collaborating with JPMorgan on a blockchain settlement platform and plans to launch its first security token offering in...
S&P Launches Bitcoin, Ethereum, and ‘Crypto Mega Cap’ Indices
4.5.2021
S&P Global, the parent company of S&P Dow Jones Indices, has launched three cryptocurrency indices. One tracks the performance of bitcoin, another tracks the performance of ethereum, and the third measures the performance of both bitcoin and ether. 3 Crypto Indices Launched by S&P...
The $70B Meme Coin Market: Dogecoin Skyrockets Past a Half Dollar, DOGE Market Cap Eats Into BTC Dominance
4.5.2021
The popular meme-based crypto-asset dogecoin has seen incredible gains during the last 24 hours jumping over 40% since yesterday. After just recently capturing a $50 billion market valuation, Dogecoin’s market cap now exceeds $71 billion. Moreover, the meme-coin has been eating away...
Dogecoin Nears All-Time Highs, Price Launches Higher After Elon Musk’s ‘Dogefather’ SNL Tweet
2.5.2021
The infamous meme-crypto dogecoin has seen double-digit gains in recent days after Tesla’s Elon Musk tweeted about his upcoming Saturday Night Live appearance on May 8. On Wednesday, Musk tweeted “The Dogefather SNL May 8,” and a great number of people assume dogecoin will...
Goldman Sachs Lists 19 ‘Crypto’ Stocks That Crushed S&P 500 Thanks to Bitcoin’s Surge
1.5.2021
Investment bank Goldman Sachs has compiled a list of 19 large-cap stocks with cryptocurrency exposure that have massively outperformed the S&P 500. “On average, these stocks have dramatically outperformed the S&P 500 during the last several months alongside the surge in the price...
Fundstrat Briefing Maintains Six-Digit Bitcoin Price Forecast, $10K Ethereum Target
1.5.2021
Fundstrat Global Advisors’ most recent “Weekly Crypto Briefing” and the company’s lead digital asset strategist, David Grider, opines a target bitcoin price of $100k per coin is still “intact.” Moreover, Fundstrat believes that the price of ethereum will reach...
Bitcoin vs Ethereum: Investment Bank JPMorgan Explains Why ETH Is Outperforming BTC
30.4.2021
Investment bank JPMorgan has published a report explaining why ether is outperforming bitcoin. Citing several key reasons, the firm concluded that “there is evidence of more resilient liquidity, less reliance on derivatives markets to transfer and warehouse risk, and more durable underlying...
Goldman Sachs Doubts Bitcoin as Store of Value Citing Environmental Problems and ‘Lack of Real Use’
29.4.2021
Global investment bank Goldman Sachs is questioning whether bitcoin can be a long-term store of value and digital gold. The firm’s analysts cited various issues with the cryptocurrency, such as environmental problems, “lack of real use,” and competition from other...
Ethereum’s Price Taps Fresh New Highs, ETH Market Cap Eats Away BTC Dominance
28.4.2021
The second-largest cryptocurrency in terms of market valuation, ethereum, has seen significant gains this week in comparison to the rest of the crypto economy. On Wednesday, ethereum tapped an all-time high at $2,736 per unit as the crypto asset has gained 11.48% during the last seven days....
Tesla’s Bitcoin Stash Now Worth $2.5 Billion, SEC Filing Shows
28.4.2021
Tesla’s quarterly filing with the U.S. Securities and Exchange Commission (SEC) shows that the company’s bitcoins are now worth $2.48 billion, a substantial increase from the initial investment of $1.5 billion. This is also after the electric car company sold some bitcoins...
Stock Trader Dave Portnoy Dumps All His Dogecoins to Buy Bitcoin
28.4.2021
After vowing to never buy bitcoin again, stock trader Dave Portnoy has sold all of his dogecoins, which he bought when the price was at a record high, to buy one bitcoin. Having been called “paper hands,” Portnoy now says will never sell his one bitcoin. Dave Portnoy Now a Proud Bitcoin...
Finder’s Bitcoin Prediction Survey Shows Respondents Forecast Six-Digit BTC Prices
27.4.2021
The comparison website that operates in 83 countries, finder.com, has recently published its quarterly bitcoin price prediction report for 2021 and the panellists are very optimistic about bitcoin’s future value. A number of Finder’s panel of 35 fintech specialists believe that bitcoin...
South Korea’s Bitcoin ‘Kimchi Premium’ Reappears, Korbit and Bithumb Exchange Volumes Spike
26.4.2021
During the first week of April, South Korea’s ‘kimchi premium’ on domestic cryptocurrency exchanges had jumped over 18%, but then leveled off, equalizing with global exchange rates over the last two weeks. On Monday, as bitcoin prices spiked 8% higher surpassing the $54k zone,...
Bitcoin’s Market Dominance Slides to 50%, While Ethereum’s Valuation Climbs Higher
24.4.2021
Bitcoin dominance, the metric that measures bitcoin’s overall market capitalization against all the other crypto asset valuations has dropped considerably in recent weeks. At the end of February, bitcoin dominance levels started sliding downward from 61% to today’s 50%. Meanwhile, from...