When BitMEX launched its Bitcoin (BTC) perpetual futures market in 2016, it created a new paradigm for cryptocurrency traders. Although this was not the first platform to offer BTC-settled inverse swaps, BitMEX brought usability and liquidity to a broader audience of investors. BitMEX contracts did not involve fiat or stablecoins and even though the reference…
Bitcoin bulls eye $50K as data show BTC’s liquid supply in steady decline
On Feb. 12 Bitcoin (BTC) price hit a new all-time high at $48,985 before pulling back to the $46,000 level. A quick glance at the 4-hour chart shows the top-ranked cryptocurrency trading in what appears to be a brief phase of consolidation but BTC is still maintaining its bullish momentum through a pattern of higher…
DeFi tokens lead the market higher as Bitcoin price searches for momentum
Several DeFi tokens saw their prices breakout on Feb. 4 as Bitcoin (BTC) and Ether (ETH) prices traded sideways for the day. Aside from the general bullish trend permeating the DeFi sector, positive comments from big-name investors touting the benefits of blockchain technology and DeFi appear to be lifting sentiment throughout the sector. Currently, Bitcoin…
Bitcoin price hits $36,800 shortly after Ethereum closes above $1,500
On Feb. 2 Ether (ETH) saw its price breakout to a new all-time high at $1,555 as increased activity in the derivatives market provided clear signals that traders were bullish on the long-term prospects of the largest altcoin by market capitalization. Bitcoin price also saw a bullish breakout as it finally crossed above the $35,000…
“Bitcoin Price Breaks $29K, Why BTC Is Likely To Hit $30K” Daily Crypto Report 31/12/2020
Price Change Today: Bitcoin Price (BTC) is up 2.29% at $29088.11, Ethereum Price (ETH) is up 0.42% at $744.26, and, Litecoin Price (LTC) is down 3.24% at $126.93. Top Gainers in 24 Hours are: UNI is up 18.96%, DOT is up 10.85%, and, KSM is up 9.62%. Leave a comment Top Crypto Headlines for 31/12/2020 are: 1. This Ethereum Defi protocol gained $1 billion in…
Polkadot Price Surges to a New All-Time High, Large-Cap Altcoins to Rally in 2021
In the past 24 hours, Polkadot price has surged over 16.83%, even recording an all-time high price today at $7.64. Polkadot (DOT), currently ranks sixth by market capitalization, which is at over $6.8 billion. Large-cap altcoins triggered bull runs with Bitcoin The cryptocurrency market as a whole is in a great place. Start-ups are booming,…