Bitcoin sudden pump to $81K annihilates $180M shorts in half a day

About $180 million in short positions were wiped as Bitcoin hit another new all-time high of $81,358. 

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New Optimistic Buyers Flock To Bitcoin

Holders who have accumulated bitcoin over the past six months aren’t liquidating their positions despite unrealized losses, suggesting conviction in the asset.

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Market Wrap: Possible Trend Reversal as Bitcoin Spikes Past $40K

The strong bounce in bitcoin over the weekend occurred as shorts covered positions.

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Market Volatility Liquidates More Than $600M in Bitcoin Positions

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Bitcoin Traders are Exiting Bullish Positions En Masse, Data Shows

The number of traders who had bullish positions on bitcoin is declining. And it could be significant in determining the cryptocurrency’s next big move. Charts on the Bitfinex exchange earlier showed an almost parabolic rise in long positions, showing that investors expected to profit from a rise in the bitcoin price.

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Bitcoin Buy Positions Spike to Highest Level Since February

Bitcoin buy positions on Bitfinex have spiked to levels not seen since February. Sell positions, on the other hand, are around their lowest level ever. After experiencing compounding losses in the past week, Bitcoin rebounded significantly yesterday from a low of $6,600.

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Bitcoin Moves Lower as Short Positions Continue to Stack Up

Bitcoin’s current instability is shaking investors’ confidence in a potential relief rally, as the short positions against Bitcoin are climbing as long positions continue to drop. Bitcoin moved slightly lower on Tuesday morning, leading the majority of altcoins to also drop.

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The Next Quantum Leap in Financial Trading - [BTC Media Sponsor]

A common narrative in today’s financial world is that crypto holders are often unable to execute trades without paying large amounts of commissions and fees.

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Bitcoin (BTC/USD) price prediction for 2019: Prolonged bear market most probable option

Some analysts’ pessimistic predictions predict a declining market for the coming year. The most optimistic positions point out that the BTC may surpass the peak it reached in 2017. What do analysts predict about the price of bitcoin for 2019? The year 2018 already entered its final stretch, so it is tradition that in this […] The post Bitcoin (BTC/USD) price prediction for 2019: Prolonged bear market most probable option appeared first on CaptainAltcoin.

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Bitcoin SV (BSV) Swaps Positions with Bitcoin Cash (BCH)

The price of BCH sank below $100 after news of a lawsuit accusing several prominent members of the ecosystem of creating a deliberate fraud scheme through the Bitcoin Cash network.

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United States lawmakers seem to be Opening up to Cryptocurrency

November was a tough month for cryptocurrency investors, but there were some positive developments in terms of adoption and clarification of laws.  The United States government may take a long time to take official positions on Bitcoin and altcoins, but states and cities can act on their own and have begun to accelerate policymaking efforts […] The post United States lawmakers seem to be Opening up to Cryptocurrency appeared first on ZyCrypto.

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Do Expiring BTC Futures Contracts Have Any Effect on Bitcoin Prices?

Traders have been working on this craft for centuries, thus leading to many peculiar instruments for trading. One such is a futures contract, an agreement to buy or sell an asset at a future date at an agreed-upon price.

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“Guidance by Enforcement”: How the SEC Is Slowly Shaping ICO Regulation

On November 27, 2018, a California judge turned back the SEC’s request for an injunction against token company BlockVest, a company the U. S. Securities and Exchange Commission (SEC) is pursuing for allegedly conducting an unregistered securities offering.

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Bitcoin Drops to $4,000 as Sell-Off Reignites, There Could Be a Larger Trend in Play

After a couple days of upwards trading, the cryptocurrency markets have continued to sell-off, led by Bitcoin, but are still sitting above their recently established lows. Today’s drop could be the result of traders taking profits on short-term long positions, according to one research firm.

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Huobi Is Rolling Out Futures Trading on a New Platform

At this year’s CryptoFrontiers Conference in New York City, digital currency exchange Huobi announced that it will begin offering derivatives contract trading. The service will be available via Huobi’s Derivative Market (Huobi DM) to customers of select countries and will allow them to open both short and long positions for a handful of coins.

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Bitcoin Price – Could Affirmation from Bakkt, NASDAQ Signal Bottom?

The recent delay of Bakkt and Bitcoin Cash fork drama have both worked to amplify the effects of an already brutal bear market over the course of the past weeks. As the Bitcoin price spiraled below US$4,000, more and more investors, traders, and miners have been forced out of their positions.

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Could Affirmation from Bakkt, NASDAQ Signal Bottom for Bitcoin?

The recent delay of Bakkt and Bitcoin Cash fork drama have both worked to amplify the effects of an already brutal bear market over the course of the past weeks. As Bitcoin spiraled below US$4,000, more and more investors, traders, and miners have been forced out of their positions.

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Bitcoin Price Analysis: Blowing Through Support Levels on the Way to $3,000

Bitcoin continues to tumble lower and lower as it struggles to claim any footing in the market. It’s down almost 50% in three weeks and it’s showing very little sign of stopping.

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Singapore Grants RMO License for CapBridge to Operate New Security Exchange

Global private capital platform CapBridge Pte. Ltd. has garnered a license from the Monetary Authority of Singapore (MAS) to operate a security exchange known as 1exchange (also called 1X), which became operational on November 21, 2018.

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Traders suffer huge losses as OKEx closes Bitcoin Cash futures early

Several high-profile cryptocurrency traders are posting major losses after the Bitcoin Cash hard fork, as the true impact of the controversial hash wars starts to make itself known. Just as the price of the original Bitcoin Cash cryptocurrency started to fall last week, major exchange OKEx abruptly ended $135 million worth of futures contracts, claiming it necessary to protect clients from the impending market volatility.

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Wilshire Phoenix Is Building a Team and a Product to Onboard the Next Wave of Crypto Investors

While developers continue to build out the infrastructure of the crypto economy, many others are turning the bear market into ground zero in preparations for the next bull run. In their Q3 report, for instance, Grayscale investments described this inflow of institutional money pouring in and making positions in the market.

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Markets Update: Bitcoin Cash Price Rally Stalls but Trade Volume Spikes Hard

There are less than two days left until the Bitcoin Cash (BCH) network faces a contentious hard fork and BCH markets are showing some unusual activity. They are being driven by heavy trading volumes that have doubled in the last two days, while BCH/USD short positions on Bitfinex have touched an all-time high.

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Traders Now Betting 2-to-1 the Bitcoin Cash Fork Will Cause Price Decline

Bitcoin cash bears are lining up. There are now almost twice as many open short positions betting that the price of bitcoin cash (BCH) will fall as there are longs betting on a rise in its price. According to data from crypto exchange Bitfinex, which allows margin trading for multiple cryptocurrencies, there are currently 89,457 open […]

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Traders Now Betting 2-to-1 Bitcoin Cash Fork Will Cause Price Decline

New data is offering insight into how crypto traders are pricing in a coming technical update to bitcoin cash, one that could cause the world’s fourth most valuable blockchain to split into two competing networks.

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BitMEX CEO Arthur Hayes Blasts Insider Trading Accusations

BitMEX CEO Arthur Hayes has defended the crypto trading platform against online rumors accusing the company of several activities that essentially amount to insider trading and betraying customer trust.

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Anne Smith Joins IOTA as Senior Project Manager in Mobility & Automotive Space

As Q4 is maturing, IOTA is speeding up the hiring process. Days after offering official positions to two longstanding community members, the IOTA Foundation announced Anne Smith as the fifth hire of the month.

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Bitcoin Cash Price Analysis: Despite +30 Percent Gains, BCH/USD is Technically Bearish ahead of Hard Fork

Latest Bitcoin Cash News Freedom of choice is at work ahead of Bitcoin Cash hard fork. Two “warring” factions with different ideas on how the network should proceed are not bulging. While most platforms are neutral ahead of the software hard fork, some have made their positions known.

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The Number of Bitcoin Short Positions Just Hit a 3-Month Low

Short positions placed on bitcoin have fallen to their lowest levels since the beginning of August as market sentiment shifts in favor of the bulls.

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Grayscale Investments’ Q3 Report Shows Institutional Investors Are Taking Positions in Bearish Crypto Market

The Digital Currency Group-owned digital currency investment company, Grayscale Investments, has published its quarter three (Q3) 2018 report. The report highlights that institutional investors have made up the majority of its fund inflows in the last three months, which suggests that “smart money” may be buying into digital currencies in anticipation of an upcoming rally.

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Bullish XRP Traders Capitalized This Week

Traders who took long positions in Ripple’s XRP on Monday’s drop would have capitalized on the price action bouncing from the bottom of its trading range. Does that mean they made the right decision? XRP entered into a trading range in mid-October after appreciating on the news of 0x Project listing to Coinbase Pro.

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Bulgarian officials took Bitcoin bribes to issue passports to Ukrainians

Two Bulgarian government reps have been arrested on allegations of accepting bribes in Bitcoin in return for illegitimately issuing Bulgarian identity documents to foreign individuals. Court files claim the accused, both of whom held management positions in the National Agency for Bulgarian Citizens Abroad, have been illegally receiving payments to issue documents, according to local outlet NOVA.

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Justin Sun Picks Bitcoin and Ethereum as his Favourites Apart from Tron

For some time now, Tron token has been in the news after it lost its market capitalization and was the 12th cryptocurrency before the Tron founder, Justin Sun said it could take six months for it to return to the top 10 positions.

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A Year After Launch, BTCPay Has Grown Larger Than Its Creator Expected

First hinting at his project in a reply to a BitPay tweet on August 2017, Nicolas Dorier boldly claimed that BTCPay would make one of crypto’s most popular payment processors obsolete.

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Crypto Markets Looking Squirmy As Bitcoin Traders ponder On What’s Next for the Currency

Apparently, crypto markets have been squirmy since the last few days as global positions against this virtual asset were drawn lower in-line with smaller assets like Ripple, EOS and Ethereum. The reason for the down-sizing in value of Bitcoin is old tormentors at play again, Money laundering and Hacking, plaguing and dissuading traders of these […] The post Crypto Markets Looking Squirmy As Bitcoin Traders ponder On What’s Next for the Currency appeared first on ZyCrypto.

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Crypto Startup dYdX Lets You Short Ethereum [ETH], Raises $10 Million

A five-person company dYdX recently raised $10 million from investors. The crypto-based company has developed a new margin trading protocol on the Ethereum network and allows people to create new financial products.

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Cindicator Study: Bitcoin Futures Contract Expirations and BTC Price Drops Are Uncorrelated

New Cindicator Study Reveals Bitcoin and Futures Contracts Expiry Are Uncorrelated A new finding called, “Bitcoin Futures: Market Revolution”, looked at the relationship between bitcoin volumes of futures and crypto exchanges to see the trends in liquidity.

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CoinMarketCap Are Hiring – Join the Leading Crypto Ranking Site and Work From Anywhere in the World

In a recent tweet, CoinMarketCap revealed that it has positions open for people who would like to a be part of their operations. The crypto data compiling entity provides a look at the prices of cryptocurrencies, cryptocurrency market capitalizations, top exchanges and shows detailed charts for the same.

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Signs That The Bears Are Taking Over Bitcoin

After the market crash on Thursday, the future of a further drop in Bitcoin seems to be a bit brighter according to CoinDesk. The biggest digital currency in the world has been staying relatively steady over the past month but on Thursday there was a massive drop bringing the price down below the $6,500 mark and to the $6,200 level confirming a range breakdown.

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Short Positions Against Ethereum Reach Record Highs on Bitfinex

The cryptocurrency markets posted some slight gains on Friday after seeing a massive selloff on Thursday that sent many altcoins down by more than 10% and pushed Bitcoin to its range support at $6,200.

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Massive Loss For Bitcoin, Will The Price Hold?

Today has been a bleak day for Bitcoin. The price looked like it was holding steady at the $6,500 mark but now it has dropped 5% which has dragged everything else down with it, including Ethereum, XRP, Cardano, Stellar and more.

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Bitcoin (BTC) Heads Downward to Sink to $6,300

A big market move within minutes wiped out the positions of both BTC and altcoins, sparking fears of spiraling losses.

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Blockchain Business in Crypto Valley Has Doubled Since Last Year: Report

The number of blockchain-related companies in Switzerland and Liechtenstein has doubled in the last year, according to a new study published by CV VC. The Zug-based firm, in partnership with Strategy& (PwC’s global consulting arm) and inacta, compiled information about the top 50 blockchain and digital asset companies between the two countries.

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Forbes 400: Bezos Now $63B Richer Than Gates, Ripple’s Chris Larsen Becomes First Crypto Billionaire to Join the List

Forbes magazine just released its 400 Richest Americans list for 2018. And as expected, Amazon’s Jeff Bezos, Microsoft’s Bill Gates, and Berkshire Hathaway’s Warren Buffet still lead the pack at first, second, and third ranks, respectively.

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PwC and Cred Partner to Develop Cryptocurrency Trading Technology

Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology.

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PwC and Cred Partner to Promote Cryptocurrency Trading Technology

Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology.

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Op Ed: Why Is There So Much Talk About a Bitcoin ETF?

An exchange-traded bitcoin fund (ETF) would signal greater acceptance of bitcoin as a mainstreet investment, while also making it much easier for both institutional and retail investors to get involved.

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Huge US Banking Firm Launch Bitcoin Collections

It was announced today that three new collections of index were launched for digital currencies, according to Circle Invest. Senior Vice President at Circle Divya Agarwalla, posted on the companies blog that ‘buy market feature’ was very successful and that more than 30%of our users were taking advantage of it according to CCN.

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Bitcoin [BTC] Continues Consolidation as Bulls and Bears Battle

Bitcoin is continuing its consolidation as the bulls, and the bears seem unsure on where to place positions for the next breakout. The daily RSI has been consolidating into a triangle and trading around showing there is equal pressure from both the buyers and the sellers.

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BitMEX’s New COO Angelina Kwan Joins the Crypto Space at “An Exciting Time”

Angelina Kwan, former managing director and head of regulatory compliance for Hong Kong Exchange and Clearing, is taking on the position of COO of BitMEX, one of the largest cryptocurrency exchanges in the world, at a time when the challenges facing these exchanges are greater than ever.

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