Singapore-based Delta Exchange has announced the launch of Bitcoin (BTC)/Tether (USDT) futures contracts, allowing users to trade BTC futures with USDT collateral, starting on April 14 at 9:00 a.m. EDT. According to the company, the industry has seen surging demand for a stable digital currency amidst fears of an economic recession. Speaking to Cointelegraph, Delta Exchange CEO Pankaj Balani said that, in the last three months, the exchange saw an increase in demand for USDT settled BTC contracts, stating that “Black Thursday” was a major catalyst for increased demand: “Post Black Thursday market has become more risk averse and we …

Following major accusations of insider stock trading during the coronavirus-induced market crash, Senator Kelly Loeffler (R-GA), the former CEO of Bakkt, is liquidating her holdings along with her husband. In an April 8 tweet, Loeffler said that she and her husband Jeffrey Sprecher, CEO of ICE, which is the company that owns Bitcoin (BTC) options contracts regulator Bakkt, are liquidating their holdings in managed accounts to focus on tackling the coronavirus situation. “I’m doing it because the issue isn’t worth the distraction” The former CEO of Bakkt has also published an opinion piece in the Wall Street Journal, emphasizing that …

Bitcoin futures do not unfairly impact the price of Bitcoin (BTC), according to the creator of one of the cryptocurrency’s most accurate price models. In a series of tweets on April 7, PlanB, the pseudonymous analyst behind the stock-to-flow model, argued that futures have not caused the Bitcoin price to behave erratically. PlanB: “Nothing unusual” in Bitcoin price after futures release According to stock-to-flow, Bitcoin has performed as expected, even after the first futures hit the market in December 2017. Now an industry with hundreds of millions of dollars of volume daily, futures caused suspicion last year when some commentators …

Bitcoin (BTC) is capturing investor attention once more as futures markets hit their highest volume since markets crashed below $4,000. According to data from monitoring resource Skew, April 2 saw the best performance from non-exchange operators of Bitcoin futures since March 16. CME, Bakkt show fresh growth CME Group posted $347 million in volume for Thursday, while smaller competitor Bakkt saw $12 million for its physically settled futures and $7.7 million for its cash product. The uptick followed two weeks of lackluster performance. Investors had panicked last month after a downward spiral unraveled across Bitcoin markets, sending the price as …

Bitcoin (BTC) swiftly retook $6,000 after losing support on March 30, as analysts eyed a potential for the price to fill a new gap in futures markets. Cryptocurrency market daily overview. Source: Coin360 BTC price gains 3% after a brief dive Data from Coin360 and Cointelegraph Markets showed BTC/USD trading at around $6,300 at press time — a rise of 2.8% on the day. The past 24 hours had seen the pair dip to lows of $5,870 after signaling weakness throughout the weekend. Those were short-lived, however, with Bitcoin regaining lost ground within hours. Bitcoin 1-day price chart. Source: Coin360 …

Aaron Gong, vice president of futures at major cryptocurrency exchange Binance, explained to Cointelegraph how the firm managed to become one of the top crypto futures trading platforms. As Cointelegraph reported earlier this week, Binance recently overtook BitMEX and became the second-largest platform in terms of 24-hour Bitcoin (BTC) futures trading volume. When asked whether he is surprised by such success, Gong said that the firm created the product with the plan of becoming the top Bitcoin futures trading platform: “We knew we would be there soon, and we made it in slightly more than 6 months’ time.” The reasons …

Bitcoin (BTC) has fallen 4% in the past 24 hours, but its losses may be down to an old culprit which has already sparked market volatility and selling pressure. According to data from online monitoring resource Skew, March 27 will see the expiry of Bitcoin options open interest worth 49,400 BTC ($328 million). BTC price choppy after $7K rejection By far the largest expiry from now until the end of June, the event may already be pressuring BTC/USD, which saw rejection at $7,000 on Thursday. Having fallen to lows of $6,495, the pair is now trading at around $6,640, but …

OKEx completed a short maintenance yesterday at a time of great volatility in the cryptocurrency market. The exchange also just recently overtook competitor BitMEX and became the top Bitcoin futures trading platform. On Mar. 12, OKEx announced that the platform would be down for system maintenance starting at midnight UTC for about half an hour. Later the same day, the exchange announced that trading activity had resumed. The maintenance took place at a time of great volatility in the cryptocurrency market which was accompanied by unusually high volumes on cryptocurrency exchanges. Bitcoin (BTC) started Mar. 12 at nearly $8,000 and …

Bitcoin (BTC) rose above $8,000 on March 10 as markets worldwide began a seemingly miraculous recovery from Monday’s crash. Cryptocurrency market daily overview. Source: Coin360 BTC price follows stocks revival Data from Coin360 and Cointelegraph Markets showed BTC/USD reclaiming the $8,000 mark on Tuesday, having fallen to two-month lows of $7,625. At press time, the pair traded at around $8,070, up 3.5% on the day while still 9% down versus the same time a week ago. Bitcoin 1-day price chart. Source: Coin360 The boost for Bitcoin came hours after traditional markets appeared to shake off the panic which characterized the …

Bitcoin (BTC) fell below $10,000 once more on Feb. 24 after a gap in CME’s futures trading implied downward pressure should characterize the start of the new week. Cryptocurrency market daily overview. Source: Coin360 BTC gives up $10K… again Data from Coin360 and Cointelegraph Markets showed BTC/USD rapidly lost 3% as Monday trading began. On Sunday, the pair had briefly managed to reclaim the $10,000 landmark. Subsequently, local lows of $9,690 gave way to support above $9,700, with Bitcoin sitting at around $9,720 as of press time. Bitcoin 7-day price chart. Source: Coin360 Traders’ attention broadly focused on futures, these …

Bitcoin (BTC) tried to clear fresh key resistance at $10,400 on Feb. 12 as its rebound, which began on Tuesday, continued to produce surprises. Crypto market weekly price chart. Source: Coin360 BTC posts 7% daily gains Data from Coin360 and Cointelegraph Markets showed BTC/USD briefly hit local highs of $10,495 on Wednesday. This capped a highly successful 24 hours for the pair, which just a day earlier traded at close to $9,700. At press time, Bitcoin was hovering just below the new local highs, trading at $10,340, still up almost 6%. Bitcoin 1-day price chart. Source: Coin360 Fears had arisen …

Bitcoin (BTC) fell below $10,000 on Feb. 10 as sudden volatility saw markets abandon five figures just a day after reaching them. Data from Coin360 and Cointelegraph Markets showed BTC/USD dipping to lows of $9,850 at press time, followed by a bounce-back up to $10,000 and subsequent fluctuation in the upper $9,900 range. Bitcoin 1-day price chart. Source: Coin360 “Mild” dip fills CME futures gap The move coincided with the start of a fresh week of trading on futures markets, with Bitcoin filling a “gap” left at the end of trading on Friday. Specifically, CME Group’s futures finished last week …