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Bitcoin price is trading at levels few analysts anticipated. Could this week’s $4.5 billion options expiry help change the trend? Bitcoin’s price traded below the $40,000 support on Jan. 18 for the first time in 50 days, and the upcoming $4.5 billion BTC monthly options expiry on Jan. 26 might hold the key to whether the downtrend will continue. Oddly...
Terraform Labs co-founder Do Kwon (CoinDesk TV) Terraform Labs Pte. has filed a voluntary petition in Delaware for Chapter 11 bankruptcy, according to documents filed on Jan. 21. The embattled cryptocurrency firm behind the failed stablecoin TerraUSD declared in the filing it has between $100 to $500 million in estimated assets and the same amount in liabilities. TerraUSD, a dollar-pegged...
The newly launched bitcoin exchange-traded funds already have nearly $30 billion in assets under management. Silver ETFs only have $11 billion. Bitcoin ETFs had more assets than silver ETFs the instant the SEC approved them last week. (Scottsdale Mint/Unsplash) Silver has existed since dying stars started spewing the metal out billions of years ago. Bitcoin is 15 – but it’s...
The successor to Saga will have new hardware and a cheaper price point, according to a person familiar with the plans. The Saga smartphone. (Danny Nelson/CoinDesk) Solana Mobile plans to launch a second smartphone as it looks to ride the unlikely success of its first crypto-ready smartphone, a person familiar with the matter said. The upcoming phone will have the...
Bitcoin price Jan. 12, 2024 (CoinDesk) Bitcoin tumbled below $42,000 in a Friday sell-off with cryptocurrency-focused stocks plummeting as Thursday's bitcoin ETF euphoria turned into a market rout. The $42,000 level is a significant support where prices may bounce from with potential buyers stepping in, crypto research firm Swissblock said. Bitcoin(BTC)dropped below $42,000 on Friday, plunging almost 10%, as the...
Bitcoin ETFs clocked up some $4.6 billion in volumes on their first day, but market volatility hit futures speculators as prices whipsawed. Bull and Bear (nosheep/Pixabay) The debut of bitcoin(BTC)exchange-traded funds (ETFs) in the U.S. did not turn out to be an outright sell-the-news event as some expected but still impacted $80 million in both long and short bitcoin futures...
Puts are overbought and calls [are] being sold, Deribit's CCO Luuk Strijers told CoinDesk, noting the decline in the bitcoin implied volatility index. Risk signal (Moshed/CoinDesk) Traders are seeking protection from a potential bitcoin(BTC)price drop, leading crypto options exchange Deribit’s Chief Commerical Officer Luuk Strijers said Monday. “Puts are overbought and calls are being sold, indicating the market is seeking...
Releasing them suggests they’re confident the SEC will approve the first U.S. spot bitcoin ETFs soon. (Nikhilesh De/CoinDesk) U.S. spot bitcoin exchange-traded funds (ETFs) appear to be on the verge of launching after the exchanges that will list them filed amended documents, suggesting they expect U.S. Securities and Exchange Commission approval in the coming days. The amended 19b-4 filings, filed...
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Bitcoin price could fall to $32,000 next month (Unsplash) Bitcoin(BTC)is expected to correct to as low as $32,000 next month following the potential approval of a spot ETF, according to data provider CryptoQuant. In what is being described as a potential "sell the news" event, CryptoQuant said in a note to CoinDesk that trader's unrealized profits are currently lingering at...
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