Friday, April 27: after a mid-week correction that has seen Bitcoin go below $9,000, the crypto market is back on track with all top 10 cryptocurrencies listed on Coin360 in the green. Bitcoin (BTC) is above $9,000 again, trading at about $9,263 with a value gain of about 5 percent over 24 hours to press time. Ethereum (ETH) is steadily climbing towards the $700 mark, trading at around $678 at press time, up almost 8 percent from yesterday. Total market cap is again over $400 bln, currently at $417 bln, after having dropped to as low as $380 bln Thursday. …
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. A survey by Thomson Reuters shows that one in five financial institutions is planning to start cryptocurrency trading within the next 12 months. The survey included large banks, hedge funds and asset managers. This will probably mean a huge flood of fresh money will vie for the limited number of digital cryptocurrencies. Goldman …
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Cryptocurrency and the Blockchain technology has been attracting a large number of Wall Street executives to the industry. The latest addition is the former financial regulator, Gary Gensler, who was the Chairman of Commodity Futures Trading Commission from 2009-2014. He will be teaching a course at the Massachusetts Institute of Technology about the …
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The Barclay Cryptocurrency Traders Index monitors the returns of the 19 funds that trade in virtual currencies. It has taken a beating this year and is down 43.1 percent year to date. However, funds that are market makers and who trade in arbitrage strategies are having a field day, as some have gained …
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. In the stock markets, the introduction of index funds was a popular move. Why? It attracted many new investors because it is easy to invest and it provides better returns than most of the hedge funds. Cryptocurrency trading is like a roller coaster ride that many are unable to digest. However, if they …
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Have the cryptocurrencies bottomed out or will they fall again after a short pullback? That is the question troubling most of the market participants currently sitting on the fence. A bottom can be confirmed only in hindsight but the analysts try to call it in advance, using various tools. One such prediction is …
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The Reserve Bank of India has banned regulated financial institutions from dealing in cryptocurrencies, citing the risks involved. American billionaire Tim Draper believes that India is making a big mistake by shutting its doors to cryptocurrencies. According to Draper, this will only lead to brain drain as many will be forced to move …
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. In 2017, anything related to Blockchain and cryptocurrency was hot property; in 2018, anything linked with blockchain is having a difficult time. Last year, about 170 hedge funds began trading; in 2018 only 20 new funds have started operations so far. Additionally, chances are 10 percent of the existing funds will close operations …
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The Chinese ban on cryptocurrency trading, the possibility of a similar ruling in South Korea and the fear of regulations around the globe were some of the reasons that started the current decline. However, with the election of Yi Gang as the head of People’s Bank of China (PBoC), the country’s central bank, …
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The total market capitalization of the cryptocurrency industry reached $832 bln on January 07 this year, along with the talks of how it would reach $1 trln in 2018. Fast forward three months and the market cap is down to $255 bln, a fall of about 68 percent from the achieved highs. Some …
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Following regulators around the world, technology giants like Facebook, Google and Twitter are now taking actions against initial coin offerings (ICOs) and cryptocurrencies in terms of advertising. Will this dent the popularity of cryptocurrencies? Nope. Can this cause a short-term blip in the prices? Definitely. The popularity of the cryptocurrencies is based on …
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. During a bear market, fear grips the investors, resulting in a long liquidation. While some believe that the bubble in Bitcoin has burst, others believe that the current fall is only a correction, which will lead to higher prices later in the year. Founder and chairman of investment firm LDJ Capital, David Drake …