A massive surge in cryptocurrency derivative trading shows that institutional interest in the crypto market is again going up. The crypto derivatives volume increased by 32% in May in comparison with the previous month.
Tether is now the third biggest cryptocurrency by market capitalization. On May 25, it overtook XRP, reaching a market cap of around $8.7 billion. Now it is expected that USDT can become the number two crypto instead of Ethereum.
Current data from CME and other Bitcoin price monitoring bodies have shown a bullish activity among institutional investors which may help Bitcoin price to hit $13,000 in June-July
On Thursday, the leading cryptocurrency keeps correcting, which is absolutely logical after the latest movements. Today Bitcoin is generally trading at around $9,500.
Hester Peirce, a U.S. SEC commissioner, has been nominated for a second term. She became a popular crypto advocate after her public objection of SEC’s disapproval of the Bitcoin exchange-traded fund application.
As traders eye the biggest quantitative easing program ever undertaken, Bitcoin could outperform the wider market in 2020 with investors scrambling to keep up with a rapidly evolving and uncertain situation.
Vitalik Buterin believes that the role of crypto has changed significantly since 2008. Today Bitcoin is not just “protest” money as it is said by CZ.
Bears are managing to prevent a very important resistance level in the daily chart of Bitcoin from being broken.
Blockstream’s Adam Back is rather bullish about the future of Bitcoin. He said that the level of $300K per Bitcoin is real.
BTC fails to breach its $10,500 yet again for the third time in the last eight months. Major liquidation and miner inefficiency pull Bitcoin price lower.
Bitcoin managed to reach $10,000 again but failed to go higher. Mike Novogratz explained that the current situation in the U.S. is the reason for its growth. However, now BTC is below $9,500.
Bitcoin (BTC) has managed to go above $10,000 level. Meanwhile, riots across the U.S. are going on after the killing of George Floyd by Minneapolis police officers.
Binance Futures will now provide users with historical data to assist with backtesting and trading strategies. It will be year-to-date tick level trading data that will include official records of trade times, prices, and quantities.
Bitcoin OTC trading is believed to surge in 2020 as today crypto derivatives exchanges provide clients with high transparency ratings and impressive security.
BTC is experiencing Hodl’ing behavior from investors. According to charts, 60% of Bitcoin hasn’t moved for at least one year. This behavior may spike a bull run.