Category Archives: Bitcoin

Bitcoin’s 20% rebound in one day is one of its biggest ever — But there’s a catch

The price of Bitcoin (BTC) rose 20% on Jan. 12, from $30,500 to around $36,600, across major exchanges. But while the rebound after the correction has been strong, there are two warning signs. BTC/USDT 1-hour price chart (Binance). Source: TradingView.com First, the funding rate in the futures market remains high. The funding rate is a mechanism […]

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Bitcoin Plunges to $30.3K as Options Traders Bet on Sub-$800 Ether

Bitcoin’s plunge to as low as $30,305 was intensified from leveraged long derivative liquidations; options traders are totally bearish on ether, the native asset of Ethereum. Bitcoin (BTC) trading around $33,277 as of 21:00 UTC (4 p.m. ET). Slipping 10.9% over the previous 24 hours. Bitcoin’s 24-hour range: $30,305-$38,947 (CoinDesk 20) BTC above the 10-hour […]

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Millionaire’s Bitcoin warning: ‘It will be brutal’

Bloomberg U.K. Records Its Deadliest Day; N.J. Expands Shots: Virus Update (Bloomberg) — New Jersey will expand Covid-19 vaccinations to people 65 years old and over after the U.S. Centers for Disease Control and Prevention recommended that states open eligibility to seniors. New York did the same on Tuesday.The U.K. reported the most deaths in […]

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Bitcoin has enabled criminal money laundering and needs to be regulated at a global level, ECB president Lagarde says | Currency News | Financial and Business News

Christine Lagarde, President of the European Central Bank, speaks to the media following a meeting of the ECB governing board Thomas Lohnes/Getty Images Bitcoin has enabled criminal money laundering and must be regulated at a global level, ECB President Christine Lagarde told Reuters in an interview on Wednesday.  Bitcoin is a “highly speculative asset which […]

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Winklevoss’ Gemini Backs New Bitcoin ETF Application in Canada

A prospectus for a new bitcoin exchange-traded fund (ETF) has been filed with the Ontario Securities Commission in Canada. Arxnovum Investments Inc filed documents for the “Arxnovum Bitcoin ETFâ€� on Monday. The ETF is planned to be listed on the Toronto Stock Exchange (TSX) under the ticker “BIT.U.â€�  The manager behind the ETF application is […]

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