Cointelegraph By Marcel Pechman
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Grayscale BTC Trust trades at a record 36.7% discount, but is it justified?
Cointelegraph By Marcel Pechman - 0
U.S. investors have been waiting for a Bitcoin exchange-traded fund (ETF) approval since May 2014 when the Winklevoss Bitcoin Trust filed an amendment request at the Securities and Exchange (SEC). Over the years, the SEC has rejected every applicant and the latest denial was issued to WisdomTree’s application for...
Bitcoin traders were ready for a hot CPI report, but BTC bears are still in control
Cointelegraph By Marcel Pechman - 0
Cryptocurrency traders were caught by surprise after the Oct. 13 consumer price index report showed inflation in the United States rising by 0.6% in September versus the previous month. The slightly higher-than-expected number caused Bitcoin (BTC) to face a 4.4% price correction from $19,000 to $18,175 in less...
Global Bitcoin adoption is ‘still in its infancy,’ but here’s how it might accelerate
Cointelegraph By Marcel Pechman - 0
Rome wasn’t built in a day, and it will also take some time for every country on Earth to adopt BTC.
By: Cointelegraph By Marcel Pechman
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Bitcoin derivatives data reflects traders’ belief that $20K will become support
Cointelegraph By Marcel Pechman - 0
Bitcoin (BTC) showed strength on Oct. 4 and 5, posting a 5% gain on Oct. 5 and breaking through the $20,000 resistance. The move liquidated $75 million worth of leverage short (bear) positions and it led some traders to predict a potential rally to $28,000.$BTC #Bitcoin Shared this...
Upside capped at $980B total crypto market, according to derivatives metrics
Cointelegraph By Marcel Pechman - 0
It is becoming increasingly challenging to support a bullish short-term view for cryptocurrencies as the total crypto market capitalization has been below $1.4 trillion for the past 146 days. Furthermore, a descending channel initiated in late July has limited the upside after two strong rejections.Perpetual contracts reflected neutral...
A crumbling stock market could create profitable opportunities for Bitcoin traders
Cointelegraph By Marcel Pechman - 0
Some of the biggest companies in the world are expected to report their 2Q earnings in October, including electric automaker Tesla on Oct. 18, tech giants Meta and Microsoft on Oct. 24, Apple and Amazon on Oct. 26 and Google on Oct. 30. Currently, the possibility of an...
US Treasury yields are soaring, but what does it mean for markets and crypto?
Cointelegraph By Marcel Pechman - 0
Across all tradeable markets and currencies, U.S. Treasuries — government bonds — have significant influence. In finance, any risk measurement is relative, meaning, if one insures a house, the maximum liability is set in some form of money. Similarly, if a loan is taken from a bank, the creditor...
Bitcoin holds $19K, but volatility expected as Friday’s $2.2B BTC options expiry approaches
Cointelegraph By Marcel Pechman - 0
This week, the $20,000 resistance is proving to be stronger than expected and even after Bitcoin (BTC) price rejected this level on Sept. 27, BTC bulls still have reasons not to give up. According to the four-month-long descending triangle, as long as the $18,500 support holds, Bitcoin price has...
What will happen to Bitcoin and Ethereum if traditional markets break?
Cointelegraph By Marcel Pechman - 0
Michael J. Burry, the financial wizard who was portrayed in the movie "The Big Short", is known for predicting crises. For instance, his investment fund made billions from the 2008 housing crash, and Burry liquidated almost all his entire portfolio during the 2Q of 2022.Given that no one...
Is it Bitcoin’s time to shine? British Pound drops to all-time low against the dollar
Cointelegraph By Marcel Pechman - 0
On Sept. 26 the British Pound hit a record low against the U.S. dollar following the announcement of tax cuts and further debt increase to curb the impact of a possible economic recession. The volatility simply reflects investors' doubts about the government's capacity to withstand the growing costs...