Tag: Futures

Fidelity Digital Assets gave a bullish forecast for ETH in the next 12 months, while a separate survey from CryptoVantage found 47% of investors expect Ether to “surpass” Bitcoin. Fidelity Digital Assets released a “Q2 2023 Signals Report” on July 18, which claimed that Ether’s outlook for the next 12 months and the long term…

The crypto market is up today, reflecting market participants’ expectations that inflation is cooling after positive economic data. The crypto market is up today and Bitcoin, Ether, Solana and numerous altcoins rallied after data published by the Institute for Supply Management (ISM) on Jan. 4 which showed slower demand and lower input prices for manufactures which…

Bitcoin and Ether fell below recent support levels in the past 24 hours – BTC fell about 9%, while ETH dropped 6% – which caused over $250 million in liquidations. The crypto market drop followed the decline in US stocks after higher-than-expected inflation readings for August. According to data, futures tracking Bitcoin lost upwards of…

Bitcoin tumbles to its lowest price since July 2021 as tighter monetary policy continues to impact risk-on assets. Bitcoin and ether lost pivotal support level leading to massive losses for long futures traders. Bitcoin fell to $29,731 on Tuesday, its lowest level since July 2021, after dropping nearly 12% last week, its worst weekly loss…

According to a new CoinDesk report, Citigroup is actively recruiting traders to begin working with Bitcoin futures on the Chicago Mercantile Exchange and is awaiting regulatory approval. CoinDesk, citing two sources, including one within the bank, reported that Citi is planning to trade Bitcoin futures contracts on the Chicago Mercantile Exchange (CME). The bank reportedly…

Cryptocurrency is slowly tending from being a marginal idea backed by crypto enthusiasts to a solid alternative asset class held by many respectable U.S. institutions. And the speed of this transition is growing day by day, as noted by Benzinga. The current moment is interesting in that the common belief was that governments would be…