Cryptocurrency

Bitcoin moved to a another new record high at $94,852. The move to the upside extended above the high price from yesterday at $94,057. That high extended above the high price going back to November 13 at $93,483. Those levels are now close support (yellow area on the...

Bitcoin has pushed to the upside and has extended to a new all-time high price at $94,000. That move has taken out the prior high price at $93,483. Since November 4 just before the election, the price is now up 40.81%.Since the swing low on August 5 (the Japan carry...

The FT is reporting that Trump Media is in advanced talks to buy Crypto Platform BAKKT. HMMMM. Of course President-elect Trump is the largest stock owner of Trump media. Shares of DJT are up 10.89% at $31.20Also Pres. Trump is to meet privately with Coinbase CEO Brian...

Bitcoin is closing out a great week on a positive note. It briefly fell below $88K in US trading but has been steadily bid since and particularly in the past hour. It's now up 3.3% on the day to $91,200 and that's coincided with a modest rebound in risk appetite more...

bitcoin 10 minsBitcoin has seen some bids early in US trading in the past two days, likely frontrunning ETF flows. The bulls tried that move again today and boosted it to a session high at $91,800 but despite edging above the Asian highs, there was no follow...

Bitcoin ran up to $93,500 in the US morning before some profit taking hit. When a second run at that level couldn't crack it, a decent round of selling hit, taking it down to $91,000.BTC 5 minsIt all looks like a rather standard move in a major breakout. The 61.8%...

$90,000 is a big milestone for bitcoin but it immediately calls to mind the barrier at the mother-of-all milestones.In general, the momentum and whatnot driving interest at something that's rallies so much and has an obvious target is irresistible. This article was...

The price of Bitcoin moved above $70,000 again on November 5th, and $80,000 on November 10. The price broken $90,000 on November 12. Is Bitcoin 100K in the cards?The price has moved to a new all-time high of $91,945 - breaking above the high price from yesterday at...

Yesterday bitcoin bottomed early in New York trading and rallied throughout the day. The catalyst was likely flows into ETFs, though I'd note that for every buyer, there is a seller.This is the third test of $90K and there is a sense of inevitability about this...

Over the pas two weeks, the big numbers have been falling like dominoes. Another one is teed up now as bitcoin trades up $1600 to $89,600.In Asia, it rose as high as $89,982 before retracing all the way to $84,500 at the start of US trading. The turn came just before...

The price of bitcoin has reached $90,000 level for the first time. The high price just reached $90,016, but has backed off and trades and $86,090 currently. The price broke above the $80,000 level for the first time during Monday's trade. Just two days later the price...

Trump statement (in summary):Elon Musk and Vivek Ramaswamy will lead the newly created Department of Government Efficiency (DOGE).Their mission is to dismantle government bureaucracy, reduce excess regulations, cut wasteful spending, and restructure federal...

Announcement here:Trump names Elon Musk, Vivek Ramaswamy to lead Department of Government Efficiency (DOGE)DOGE pops, as intended I suspect:I posted last week the warning that we'd be getting tradeable volatility from trump like we did the first time around:Trump's...

There are times when the fundamentals and technicals align, the past week has certainly been one of those moments in bitcoin.The election of a crypto-friendly Republican slate combined with the break of a long-term range has been rocket fuel for bitcoin and it's now...

The price of bitcoin is trading to a new fresh session high and is above the $83,000 level. The price is currently trading at $83,050. That's up about $2625. The high price has reached $83,139.Looking at the hourly chart below, the price extends above a channel high...

In crypto, you always have that lingering feeling that a rug pull is right around the corner and that big gains are about to evaporate. There were fears about a 'sell the fact' move in bitcoin after the election and I'm sure those haven't gone away but the strong...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

Bitcoin moved sharply higher yesterday and reached an intraday high of $73,600. That was within $200 of the all-time high reached back in March at $73,794. The price has backed off today and trades down by $738 or -1.01% at $71,991.The move to the upside extended into...

The price of bitcoin is now trading above $73,000. The high price just reached $73,099 which is the highest level going back to March 14. The all-time record intraday high price reached $73,794. The high closing level is at $73,121.Catalyst for the rise: A Trump...

The story is that a Pres. Trump is more digital currency friendly and that has the price of Bitcoin higher for the 3rd straight day. The price has moved from a low on October 24 at $65,000 to the high price reached today at $72,756 or +11.93%. Since the September 6...

A report in the WSJ could cool the crypto market.DOJ and Treasury investigating Tether over potential sanctions violations and illicit activityManhattan US attorneys leading criminal probe into possible links to drugs, terrorism, hackingTreasury mulling sanctions...

The stars looked to be aligning for bitcoin late last week as tech stocks and Nvidia shares hit records, risk appetite improved and gold soared to all-time highs. In addition, reports of heavy buying of ETFs indicated strong investor demand.Evidently that wasn't...

Bitcoin daily chartBitcoin is showing fresh signs of life as it climbs $1600 to $67,500. That's the best since late-July and breaks a pair of highs in August and September, indicating some growing optimism about crypto and improving risk appetite (the S&P 500 is...

The price of bitcoin is much higher in trading today and in the process has been able to extend above target levels including the swing high from the end of August near $65,000, and another swing area near $65,468. The area between those levels is now close support....

Bitcoin dailyBitcoin is up 4.5% today as it erases the past two days of selling. It's a nice move but leaves it right back to where it's been for the past eight months. Wake me up when it breaks the $50-70K range.What does have my attention today is Microstrategy,...

The SEC has the cryptocurrency market in its crosshairs once again. Crypto.com received a Wells Notice from the US regulator then hit back with a lawsuit in order to defend itself. The SEC intends to sue the digital-asset exchange for allegedly operating as an...

Bitcoin dailyBitcoin has climbed above the September high in a strong turnaround from yesterday's selloff. It's up 5.3% or $3000 in the best gain in a week.Bitcoin has struggled to keep pace with the improving risk appetite in September and is well-below the summer...

Bitcoin was looking ugly on Friday as it broke down to $52,500 but the dip buyers stepped up on the weekend and are continuing to buy today as the risk trade improves.The rally to $56,700 is nearly back to Friday's high of $56,995 and that's going to offer some...

bitcoin dailyThere aren't many charts more technical than bitcoin and with today's 4.5% decline, it's sending all the wrong signals.It's only been below these levels for a few hours over the past six months and the last time it was here it was flushed down to $50,000...

Bitcoin made some headway last week as it broke out of a consolidation patter and looked well on its way to recouping the July-August losses. But the mood changed early this week and it's been steady selling, culminating in a 5% loss today.BTC dailyThe drop in bitcoin...

The price of bitcoin is trading to a new low and in the process has moved below the $61,000 level.It is also moving further away from the near converged 100 and 200-day moving averages (blue and green lines on the chart above) which come in at $63,478 and $63,712. The...

Bitcoin has been lagging in the recovery from the broad market rout in the start of August, in part because of worries about the sale of Mt. Gox bitcoin. But it's making up for lost time today, rallying nearly 5% and trading at a session high.The daily chart has a...

Mt. Gox fund liquidation weighed heavily on bitcoin yesterday in what was an otherwise-strong environment for risk assets. It's been a tricky run for bitcoin as it disconnects from the tight correlation to the Nasdaq.I think that connection is ultimately restored and...

Bitcoin has fallen nearly $2000 in the last 30 minutes, dropping to $57,600.The low so far matches the one from earlier in the week and that should provide some support.bitcoin hourlyA break lower could complete the round trip to $55,000 and wouldn't bode well for the...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

Bitcoin is up about 1% in early trade today at $59,500. That's just normal volatility for crypto but there could also be a premium in it with Elon Musk set to interview Donald Trump any time now. The conversation could shift to crypto and some could be trying to...

Bitcoin is testing 200 hour MA and 50% midpoint. Key areaBitcoin’s price surged over 8% today, marking its largest gain since March 2023. Currently trading at $59,819, up $4,666 for the day, the digital currency has experienced significant volatility over the past 10...

Bitcoin dailyYesterday's bitcoin slump foreshadowed trouble in the broader risk trade and that catalyzed late in the day with a drop in US equities. Today it's the opposite.Bitcoin rallied early and has stayed strong with equities now catching up. Bitcoin is up $3570...

It's an emotion-driven market right now and bitcoin has been a good forerunner of market sentiment so I'm keeping a close eye on it.In the past 30 minutes or so, bitcoin is down $1000.bitcoin 10 minsEthereum is also down 3% and has given up all of yesterday's gains...

Bitcoin hourlyBitcoin is at the highs of the day, up more than 3% and above $56,000.The highs yesterday early and today peaked at $56,285 and we briefly edged above that. It's an impressive rebound after falling below $50,000 several times yesterday but it's still a...

Bitcoin dailyBitcoin is now up 10% from the intraday low of $49,445 just a few hours ago.On Friday, just after the equity close bitcoin slumped in a sign of what was to come in broader markets. This bounce could be a reversal of that, though it's still a bruising...

Senator Cynthia Lummis says she wants to convert excess reserves at the 12 Federal Reserve banks into bitcoin over five years.Lummis is at the Bitcoin 2024 conference, where she is all in on extracting money from the crowd. She is quite sucessful too, top donors have...

Bitcoin trades between its 100 and 200 hour moving averagesOn July 22, the price of Bitcoin reached a high of $68,364 and retested that level during Monday's trade on July 24. After this retest, Bitcoin experienced a downward move, dipping below its rising 200-hour...

The Wall Street Journal is reporting that spot Ether ETF trading is likely to begin next week. According the story:The Securities and Exchange Commission (SEC) has informed several asset managers that the first U.S. exchange-traded funds (ETFs) holding ether could...

Goldman Sachs intends to expand its crypto offerings, set to launch three tokenization projects by the end of the year.The firm's digital assets global head Mathew McDermott spoke with Fortune (gated). In brief:Goldman Sachs is set to launch three tokenization...

The main line of thinking on bitcoin is that the recent round of selling pressure is related to the distribution of the 141,000 bitcoin from the Mt. Gox bankruptcy. It's hard to imagine that was 10 years ago but at the time bitcoin was trading at around $600.It will...

bitcoin dailyUS Presidential hopeful Donald Trump is in talks to speak at Bitcoin 2024 in Nashville at the end of July, according to Axios.Margins are tight in the election and Trump is trying to court every vote he can."I will end Joe Biden's war on crypto," Trump...

Bitcoin is trading at the lowest since mid-May after a dump in Europe that's only been held up by bids in the $60,600 zone.daily bitcoinFirst of all, bitcoin is very technical and the inability to break $72,000 and instead forming a top is worrisome. If we break...

Bitcoin daily chartBitcoin has been steadily sold over the past 12 hours after trading higher earlier.It's down 0.7% on the day and is threatening the $65,000 level and last week's low of $64,924. Cracking that would leave it at a one-month low despite US equities...

Seller pushing Bitcoin lower today and testing a key areaThe price of a Bitcoin is down sharply in trading today, and has moved down to test it 100-day moving average at $66,723. The low price for the day has reached $66,529. That low is below the 100-day moving...

Bitcoin moves toward May highBitcoin is up for the 4th consecutive day and in the process is testing a topside trend line. The high price has reached $71759 so far today. If the price can move above that trend line level and the high price from May at $71958, that...

TheBitcoin is on pace to close at the highest level since May 20 when the price closed at $71,401. That was the highest close going back to April 8. The current price is trading at $70,502.There is some risk-on sentiment today as sellers were limited in their downside...

US politicians appear to be in a battle to prove who is more pro-crypto.The SEC did an about-face on an Ethereum ETF and now Trump has flip-flopped into a pro-crypto stance. With votes to earn here and margins small, it looks like they will be after this voting bloc...

The likelihood of Ethereum ETF approval has increased as the SEC signals a more positive stance towards spot Ether ETFs, causing Ether's value to surge. Ether reached as high as $3832.50. Bloomberg analysts revising the approval probability from 25% to 75% due to...

Bitcoin is having its best day in two weeks, climbing 5% as part of a broad rally in global risk assets.The chart caught my eye as it may be tracing out an inverted head-and-shoulder pattern, one that would target a move to $75,000.bitcoin dailyA speculative fever may...

The price of bitcoin moved lower earlier this week and in the process fell below the 100 day MA in the process (blue line in the chart below currently near $60000), and toward the 50% midpoint of the 2024 trading range. That level comes in at $56,150. The low this...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

The price of bitcoin just traded below the $60,000 level to a low of $59.982. The low got close to the low for the month reached on April 19 at $59.629. For the trading month, the price is currently trading down $-11,656 or -16.35%. The end of March closing level was...

daily bitcoinThe halving and the launch of Hong Kong ETFs (whic launched today) haven't been the positive catalysts that bitcoin bulls hoped for, at least not yet. Bitcoin is at the lows of the week, down $2750 to $60,152 today.The low so far is $60,053 as bids...

Daily bitcoinBitcoin is under pressure today, though it's off the lows. It's down 2% to $62,750 after trading as much as $1000 lower and to the worst levels since April 19. That was the day before the halving, which hasn't been the catalyst that bulls hoped.An...

Bitcoin is now down 3.3% on the day, or $2200, to $64,150. Virtually all of the selling has been since the start of the US session and points to some broader angst in risk assets.It climbed earlier in the week after the halvening but stalled out yesterday and is now...

The price of bitcoin has moved below the 38.2% retracement of the 2024 trading range at $60,314 and has also moved below the $60,000 level for the first time since March 5. The low price has reached $59,672. The low price from March 5 came in at $59,313. That is the...

So much for a safe haven? Or store of value?The price of bitcoin is trading below the $64,000 level again. The low price for the day reached $63,696. Over the weekend, the price moved down to a low of $61,308. That was the lowest level since March 20. In the trading...

Bitcoin 10 minuteBitcoin bids have accelerated in the past hour as it nearly erases the week-end drop that was prompted by Iran's strikes on Israel.The catalyst for the latest leg of buying is the Hong Kong approval of spot BTC and ETH applications for ETFs. It's not...

Bitcoin intradayIt would be havoc right now if markets were open and it might yet be when they open in less than 24 hours.Bitcoin is down more than 6% in what could be a sign of what's to come. Bitcoin finished Friday at $67,138 but it's now trading down more than...

Bitcoin dailyIt's an ugly one for bitcoin as it fell nearly 7% on the day to $65,239 at the lows. It's since recovered slightly as nearby support from the April low helps out.The halvening is coming up and the bitcoin bulls hope that's a catalyst around April 20 but...

Bitcoin dailyBitcoin fell hard on Tuesday but stabilized yesterday and has rebounded somewhat today. It was last up 3.3% to $67,959.Zooming out, the chart is wedging in a narrowing range between $60,000 and $73,000. It's right in the middle of that now and appears to...

Bitcoin has dropped to under US$68KETH down also, circa $3370Crypto has seen some pressure after the strong data in the US on Monday, that goes for a lot of the 'risk' complex. This article was written by Eamonn Sheridan at www.forexlive.com.

Traditional markets are closed today but bitcoin continues to tick over. Crypto often offers a view into risk sentiment and the 2% fall in BTC today might indicate some bearishness creeping in, particularly as the selling accelerated after Powell's comments in San...

courtroom sketch of Sam Bankman Fried todaySam Bankman-Fried has been sentenced to 25 years in prison by Judge Lewis Kaplan of the Southern District of New York:"It is the judgment of the court that you are sentenced to 240 months then consecutive 60 for a total of...

Sam Bankman-Fried arrived in court for his sentencing hearing today and could be facing what is essentially a life sentence.Judge Lewis Kaplan of the Southern District of New York will decide his fate. Prosecutors have asked for 40-50 years, which will essentially be...

The price of Bitcoin whipped to a new high in the US morning session and in the process extended above the high price for the week at $71572. The high for the day was reached at $71754, but buyers turned to sellers, and the price rotated lower.The subsequent run to...

Crypto is cooking today with bitcoin having its best day in four weeks. Bitcoin appears to have broken the recent downtrend and shaken off some worries about crypto ETF inflows.Bitcoin dailyIt's not just bitcoin either as ETH rises 7% and is trading at a session...

Bitcoin trades mostly between the 100 and 200 bar MA on 4H.Today, Bitcoin's price is experiencing a downturn, currently trading at $63,128 after reaching a low of $62,720. Throughout the trading week, the cryptocurrency's value peaked on Wednesday, touching its...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

There has been some quick selling in ethereum after a Coindesk report saying that the Ethereum Foundation is under investigation by a 'state authority'. The Ethereum Foundation – the Swiss non-profit organization at the heart of the Ethereum ecosystem – is under...

Ugly trading in Asia has led to big buys in the US.Bitcoin is up more than $3000 from the low in US trade of $62,328 and is trading at $65,681. Despite the huge pop, it's still down 2.5% on the day as the market frets about ETF inflows and the latest buy (which is...

The price of bitcoin as a a lot of up-and-down action today. However, a pattern that arising is sellers leaning against or near its falling 100-hour moving average. The moving average currently comes in at $68,142 and is now a key bias-defining level for the digital...

The only item of note to pass across the wires today was El Salvador:El Salvador to transfer a chunk of its bitcoin to a cold wallet, store in a physical vaultWhich doesn't seem to me to be reason to trash crypto at all!Nevertheless, BTC has been heavy: This article...

It's looking like we could get an outside day in bitcoin as it extends its decline to 5.0%. In nominal terms, it's down $3600 to as low as $69,469.The drop in bitcoin doesn't bode well for the Nasdaq but so far the NQ is only down 0.25%. This article was written by...

In This video, I take a look at Bitcoin from a technical perspective with a view toward a bigger correction. With the decline today and shift below the 100-hour MA, what would kill that idea of a correction lower? What would be the next targets if the short term...

Bitcoin dailyBitcoin hit a fresh record at $73,803 earlier today but the enthusiasm has given way to selling as markets broadly sour. Bitcoin is down 3% on the day to $70,900 as broader markets fret about the Fed decision next week. The US dollar is substantially...

Bitcoin: Maintaining dominance in the cyptocurrency marketThis article examines recent trends in the cryptocurrency market, highlighting Bitcoin's continued leadership. It also shows crypto investors and traders how to look at how BTC price is trending vs ETH...

El Salvador's Congress approved a reform to remove income taxes previously imposed on money from abroad.the aim of the change is to attract more foreign investment. Money from abroad, such as remittances and investments in companies will now be exempt from tax.Info...

It's a happy Monday for bitcoin bulls as the crypto party has resumed to push it $3700 higher to $72,140.It was a bit of a rocky road getting through the $69,000/$70,000 level but that's a big one as it clears the all-time high. It's smooth sailing and clear skies...

Bitcoin has broken through the all-time high set on Monday and touched above $70,000.Bitcoin hit a record $69,200 on Monday then quickly fell to $58,500 but it steadied there and avoided making an outside day on the close. Since then the dip buyers have continued to...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

Bitcoin bulls should have been popping champagne tonight, but instead a dark cloud has rolled in. This looked like a banner day for crypto as bitcoin edged above the 2021 high of $69,000 but it has turned into a race to take profits.Bitcoin is down more than 8% to...

The new money chasing bitcoin ETFs has just found out that volatility runs both ways.Bitcoin dailyThe easy money on the way up has kicked off some heartburn today. The latest drop was a quick one and took out the $60,000 stops before hitting $59,387 at the low. It's...

Bitcoin touched an all-time high of $69,202 just over two hours ago but the brief moment of exhilaration was met with a wave of pain as sellers used the headline to take profits.The turn is something I warned about earlier. Prices have quickly fallen to $64,000 in a...

Bitcoin hourlyA soft US ISM services report led to a round of US dollar selling and improving risk appetite in financial markets. That was the final nudge bitcoin needed to get above $69,000 for the first time ever.The 2021 top briefly broke in a rise to $69,200...

Technical analysis meets crypto shit coins? Or HODL it all and just moon it?Just my personal opinion, traders that made 379% on a possible shitcoin, should at least consider taking Partial Profits at possible technical junctions, even if they love the moon And even if...

The price of bitcoin is inching back toward the highway for the day at $67,621 (reached earlier today). A high price just extended to $67,577. A move above that level would have traders looking toward the $69,000 level that was the all-time high level reached on...

The price of bitcoin has breached the $66,000 level trading up to $66,351. The price trades at the highest level since November 15. The high price for bitcoin all-time reached $69,000 on November 10, 2021. There was a high October 21 that reached $67,087. That is the...

Bitcoin is blazing hot as it rises another 4% to the best levels since November 2021.It's up $2834 to $65,446 with a nearly 30% in the past week alone. It's been an incredible run that started in late October at the same time as US equities turned and accelerated as...

As opposed to the tumble yesterday which moved the price of Bitcoin from $64000 to $58800 in about 15 minute window, today there has been a more orderly fall. As outlined earlier in a post (see post here), getting below the 200 bar MA (green line in the chart above,...

Bitcoin is higher on the day. The closing level yesterday was at $62,512. The current price is at $63,281.Yesterday saw a huge run up from $56,755-$64,000 at its session high. After that trend move higher, the price tumbled down to a low of $58,835 before bouncing...

BTC 10 minsBitcoin cut through $60,000 in US trade and then exploded higher to $63,933 before a harsh reminder of two-way volatility in an air-pocket down to $58,798.But it didn't take the dip buyers long as FOMO bids returned after three declines were unable to break...

I would tend to think that a restoration of Coinbase is bullish for bitcoin because it's a FOMO rally and that's more fuel for the fire. However, I'd also argue that the disruption isn't exactly a vote of confidence in services and some traders might prefer ETFs,...

Not just a few hours ago, the price of bitcoin broke above the natural resistance at $60,000 for the first time since November. Now the price as reached up to $64,000. Sellers have leaned against that level and are currently pushing price down to $61,572. Whoops and...

The price of bitcoin has continued its search to the upside reaching a new high going back to November 2021 of $60,765. The price is now up all her 57% from the low price for 2024 reached during the week of January 22. Since the week of September 11, 2023 the price is...

The price of bitcoin is hot. It is red hot. From the low yesterday at $40,900, the price has moved to a high today of $57,449. That is a pretty healthy move in a short period of time. Looking the RSI, it is higher and in overbought conditions. The RSI is even...

Momentum is the dominant feature of markets this year and nothing has more momentum than bitcoin right now. After a 10-day break as it consolidated around $52,000, bitcoin has broken out in a big way.It's up $3400 today, or 6.7%, to $54,450. That's the highest since...

The BTC surge continues. ETH is >3200 This article was written by Eamonn Sheridan at www.forexlive.com.

The surge in Bitcoin in the past 24 hours or so has been attributed to buying from Microstrategy.Adam had this info on Monday US time, but ICYMI:Bitcoin breaks the range to hit $53,000 for the first time since 2021More:Microstrategy bought around $155mn of BTCbought...

Bitcoin is essentially flat today but the post-holiday price action wasn't subdued. Earlier, it looked like it could be breaking the week-long range to the upside as it touched $52,980. However the big round number held and the sellers appeared as broader tech sank....

The price of bitcoin has moved above the $50,000 level for the first time since December 2021. The high price reached $50,204 so far.Looking at the daily chart, the price is also about the 61.8% retracement of the move down from its all-time high. That level comes in...

Bitcoin dailyBitcoin has broken the spike high on ETF launch day and is now gunning for $50,000.It's rallied for seven straight days and is up another 4.5% today, or $2100. The sell-the-fact trade on the ETF launch led to a 20% drop but it's quickly made up the...

bitcoin dailyThe bitcoin ETF launch has been a disappointment but hope spring eternal in the crypto space and the halvening is keeping bulls in the game. Around the end of April, the number of bitcoin mined daily will halve and bulls expect that to cause a supply...

The FT reports from a trial in London where Jian Wen, 42, is accused of laundering bitcoin on behalf of her former employer, who is a fugitive from Beijing authorities.The report says that in 2018, UK police seized four separate devices containing more than 61,000...

Bitcoin has extended gains to 5% today and touched $41,999.The $2000 gain today is the first genuinely good day for bitcoin since the US ETFs were launched on January 11 and it touched $49,000. Since then the inflow numbers into bitcoin ETFs have been disappointing,...

Bitcoin is now down more than 20% from the peak reached just minutes after the new slate of ETFs began trading. Bitcoin chartSupport at $40,000 held several times last week but broke yesterday and the selling has continued today.So far, the ETFs have only proven to be...

Bitcoin is down $2000 today or 4.5% as the selling after the ETF debuts continues. Bitcoin rose as high as $49051 in the hour after the 11 US bitcoin ETFs were launched but a 'sell the fact' trade quickly emerged and it's been downhill ever since.Today bitcoin held at...

It's beginning to dawn on some people that spot ETFs won't be a white knight for the bitcoin market.We're midway through the fourth day of bitcoin ETF trading and the results aren't anywhere near the +$2 billion the bitcoin bulls were touting in the first 48 hours....

Here are the trading volumes on IBIT, which is Blackrock's bitcoin ETF and is destined to be the winner of the low-cost spot race:Day 1 - 38m sharesDay 2 - 23m sharesDay 3 - 13.65m shares with 35 mins of trading to goThe moderate volatility in bitcoin today might be...

On Thursday -- just 30 minutes after the launch of the first US spot ETFs -- bitcoin touched a 21-month high of $49,051.The peak of the hype in the first half hour is exactly what you would have expected but in the two days that followed, it's fallen 12%, raising some...

The ETFs came and yesterday's volume numbers were big but not as big as I thought they would be for some of the most-hyped financial products ever created. Now the pain trade is hitting with bitcoin down nearly 6%.I also wonder -- if on-exchange ETF buyers are now the...

Bitcoin (BTC/USD) hourly chartThere is no doubt that there has been plenty of anticipation ahead of the approval of Bitcoin ETFs. That has helped the cryptocurrency skyrocket all the way up from $34,000 at the end of November to a brief high of $49,000 this week.But...

Trading has been underway for 90 minutes in the Great ETF Race of 2024 and it's already clear who the winner will be.The IBIT ETF from Blackrock has seen 21.65 million shares traded, far more than Fidelities FBTC at 9.01 million, though the dollar-value gap is...

BTC 30 minsThe bitcoin bulls are having their moment as it climbs 6% on the hype from the first day of trading. Market watchers will be seeing how much money flows into each of the bitcoin ETFs and how much stays in the Grayscale GBTC Trust now that it's convered into...

Bitcoin 30 min chartBitcoin is up nearly 4% and at the highs of the day at $47,655.Money is rolling in with the ETF hype-machine peaking as trading is set to start at the bottom of the hour. The question is whether this will be a sell-the-fact trade or not. One spot...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

Everyone is being careful with this but the SEC website this time has a new document here.It ends with:IT IS THEREFORE ORDERED, pursuant to Section 19(b)(2) of the Exchange Act,87 that the Proposals (SR-NYSEARCA-2021-90; SR-NYSEARCA-2023-44; SR-NYSEARCA2023-58;...

The biggest surprise of all might be if bitcoin does nothing following the approval of 11 spot ETFs. Presumably they will begin trading tomorrow but the market isn't exactly making fireworks.Bitcoin is now up 0.2% on the day at $45,500.Maybe market participants are...

bitcoin 10 mins chartAll signs continue to point to an imminent approval of a bitcoin ETF.The latest is that Fidelity's trading app shows tickers for the prospective spot ETFs, though they're not yet available to trade. Other reports are highlighting a Cboe filing...

It's January tenth and that's about the time of year when the turn-of-the-year flows dry up and we can get back to the business of trading fundamentals. Unfortunately, there aren't many fundamentals coming today.The lone economic indicators coming up today are US...

A bitcoin ETF hasn't been approved yet but all signs point to an announcement on Wednesday and trading as soon as Thursday.This will lead to something of a frenzy on CNBC with advertisers of the 11 prospective ETFs vying for supremacy in what will surely be a...

The SEC twitter account being hacked on the eve of the expected ETF announcement is a massive blackeye for the organization that's supposed to be in charge of investor protection.The risk is that this disaster delays the actual ETF approval. I can't imagine it would...

Spot bitcoin ETF approvals are a done deal, the only question is how the market will react.The co-founder of crypto manager Valkyrie Steven McClurg today said the SEC will approve the ETF sometime after the market closes on Wednesday with trading beginning on...

I ran a poll earlier today and the results so far have shocked me.I would put the odds at 99% and would have thought that a community of market watchers would have put it at least at 85%.Perhaps as the news continues to hit and bitcoin grabs more headlines, there will...

I continue to believe a bitcoin ETF is a done deal with a launch likely next week.The latest report comes from Bloomberg and cites four people familiar who say the SEC told several issueers that they should submit a final version of a key listing document as soon as...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

10 mins bitcoin chartThere's no end to the stupidity in crypto but this is a new one.There's a report doing the rounds from Matrixport that speculates the SEC will reject the bitcoin spot ETF this month. It's written by Markus Thielen, their head of research.It's...

The hype train around a bitcoin ETF continues to build and that's helped to to shrug off a recent pullback to rise back above $44,000. Until the ETF starts trading (or at least until it's announced) I can't see a reason to sell bitcoin. That pull is even stronger...

JP Morgan are forecasting Ether to outperform Bitcoin in 2024.Suggesting this will be due to underperformance by BTC:the bitcoin halving event in 2024 is likely already factored into the current market price (I posted on this here)the impact of the halving on Bitcoin...

Bitcoin dailyBitcoin has now erased most of last week's gain.Prices of bitcoin have dropped 8.9%, or $4000 today to $40,550. The selling started in Asia without a catalyst and has continued today. Some eyes were on long options bets that were liquidated.A bitcoin spot...

JP Morgan CEO Jamie Dimon spoke in the US Congress at a Senate hearing on Wednesday, alongside seven other big bank CEOs.Dimon has been a long-time opposer of crypto "I've always been deeply opposed to crypto, bitcoin, etc."and he reiterated his stance, suggesting it...

Bitcoin is extending above its 50% midpointThe price of bitcoin is continuing its run to the upside with an extension above the $43,000 level. The high price today has reached $44,011. The current price is trading at $43,353.Technically the price has extended above -...

Enthusiasm is quietly building around bitcoin as risk trades improve and interest rates fall. Liquidity is improving and the industry appears to have cleaned up following the fines and Binance and the collapse at FTX.Bitcoin is up $792 to $39,577, which is the highest...

The price of bitcoin has extended to the highest level since May 2022. The high price has reached $38408Bitcoin moves above and away from the 38.2% retracementLooking at the daily chart above, the price of the digital currency moved above the 38.2% of the move down...

Binance holdings pleaded guilty, agrees to pay over $4 billion to US authoritiesDOJ says by Nancy chief Changpeng Zhao has pleaded guilty to criminal chargesCharges involve violations of Bank secrecy act, failure to register as a money-transmitting business and...

Bitcoin dailyBitcoin fell yesterday in a move that was strangely at-odds with the raging rallies in risk assets elsewhere. Some of the selling was because of confusion and bad reports about ETF filings. In any case, BTC found support ahead of the early-November lows...

The waiting game continues for a bitcoin ETF and it appears as though some bulls are losing patience, or taking profits. Bitcoin is down 3.7% today, or $1348 to $35,040 in the second day of selling. There have been several false reports of bitcoin ETFs and an approval...

The price bitcoin is breaking above a topside trendline on the hourly chart (see red numbered circles),and is testing the high price from November 5 at $35,330. The high price just reached $35,337. Move above that level and opens the door for further upside momentum....

Risk assets are rallying today and the US dollar is falling. That's normally a good mix for bitcoin but after touching the best levels since May 2022, bitcoin has reversed lower.The high was $35,197, which is a handful of dollars above last week's ETF-optimism...

Sam Bankman-Fried is testifying today. We got a preview of what he will say yesterday in a hearing with the judge but the jury excluded. His lawyers are working on an 'advice of council' defense where he claims that everything he did that was wrong was based on the...

Bitcoin (BTC/USD) daily chartIt has been quite the week so far for Bitcoin, after it surged past the $30,000 mark and took more or less one shot to clip the $35,000 mark. Since then, gains have been capped but not after a bit of a fiasco with the ETF ticker on the...

Bitcoin is up 4.7% today and there is all kinds of speculation about a bitcoin ETF.It sounds like a done deal, though the courts sending it back to the SEC slows it down a tad (did anyone really think the courts would order them to covert it to an ETF...

Bitcoin extends to new highsThe price of bitcoin has extended to a new session hide in the process is trading at the highest level since July 14. The price I just reached $31,307. The current price is trading at $31,199 up 4% on the day.Looking at the daily chart, the...

Bitcoin is up 8% in a quick rally to the upside. Most of the gain has come in just the past few minutes. There has been speculation about a bitcoin spot ETF and now Coin Telegraph reports that the SEC has approved the iShares spot bitcoin ETF.Bitcoin dailyThe shorter...

There was some crypto hype late last week the spilled over into early trading today with some impressive gains. The driver was likely the launch of an ether futures-backed ETF launching today from VanEck under the symbol EFUT along with a handful of others.Let's just...

Ethereum is at the highs of the day, up 3.1% to $1644.The catalyst is chatter that the SEC is trying to accelerate the launch of futures-based ETFs before the anticipated government shutdown on Monday. If a shutdown occurs, just 8% of SEC staff will stay on the job.A...

Earlier this week, the fall in the price of bitcoin was tied back to bankruptcy disclosures from FTX showing that it had nearly $7 billion worth of assets, including about $560 million in bitcoin.Today the court approved the liquidation of holdings. The dollar value...

The risk mood is beginning to sour and an early tell was selling in bitcoin. The sales have accelerated in the past 15 minutes and bitcoin broke the recent range low of $25,269. The next level to watch is the June low of $24,750.Bitcoin dailyIn March, bitcoin briefly...

BTC dailyIt's been a volatile week for bitcoin and it's ending on a poor note. Bitcoin is down $570 or 2.2$ to $25,445. That's just above the August low of $25,350.Bitcoin popped on Tuesday after the SEC lost a court case brought by Grayscale and its improper...

The price of bitcoin surged higher on positive results from a lawsuit between Grayscale and the SEC. The ruling may open the door for ETF's on bitcoin. We will see.The run to the upside to the price above its 200-day moving average at $27,472, but short of its 38.2%...

Cryto traders are watching the clock today and waiting for an 11 am (or just before) ruling on the Grayscale Trust vs SEC case in the D.C. Circuit Court. It won't necessarily come at that time, or today at all but rulings typcically come on Tuesdays and...

The price of Bitcoin this week, finally cracked below its 100-day moving average (blue line in the chart below) for the 1st time since June 21. The price lows over the last few weeks have found support buyers leaning early against that 100-day moving average level,...

It's not a pretty picture in bitcoin as today's decline has extended to 7%, or nearly $2000.Two levels to watch: $25,000 and the June low of $24,750. If those break, there isn't much down to $20,000. This article was written by Adam Button at...

Eyes are on the US court of appeals for the D.C. Circuit for a potential decision in the bitcoin spot ETF case with Greyscale suing the SEC for approval. Some were pointing to slate of decisions today set for 11 am ET but that came and passed with four decisions and...

Earlier today, Eamonn highlighted how today marked 160 days since the spot bitcoin ETF was filed by Grayscale. That's the usual outside timeline for approval but this is far from a usual case. That means the timeline is unclear but the final deadline is October 5,...

Bitcoin falls below necklineThe price of bitcoin has moved to a new low for the day, week, and month and traded at the lowest level since March 17. Looking at the 4-hour chart, the price this week also fell below a neckline of a head and shoulder formation. On the...

The UK's Treasury Committee has published its report on how cryptocurrencies should be regulated.The report said that while there may be some benefits of certain forms of cryptocurrency and in blockchain technology more widely, it noted that the market was currently...

From the complaint:SEC says Coinbase has operated as an unregistered broker since at least 2019Crypto assets that Coinbase makes available put Coinbase's operatings 'squarely within the purview of the securities laws'Coinbase's staking program includes five stakeable...

Bitcoin 10 minsBitcoin has nearly erased the rout from yesterday's SEC charges against Binance and today's suit against Coindesk.It's an impressive turnaround after some troubling news, particularly accusations that Binance was wash trading.What's happening here?...

Those who have been around the forex market for awhile have seen this before: When the SEC wants someone out of business, they win. The US retail FX market was cleaned out by regulators who can always find some kind of deficiency. In crypto, the early wild-west nature...

Bitcoin moved toward downward sloping trendline and 100D MAThe price of a bitcoin is trading to near 2 week highs. The high price it going back to June 7 extended to $27,388. The high price reached today just traded at $27,268.Looking at the daily chart, the downward...

Bitcoin above the 100 day MAThe run to the upside in Bitcoin is continued with the digital currency now above its 100-day moving average at $27,619. The price also extend above a topside general trend line at $27,388. The high price just reached $28,149. The current...

Bitcoin 10 minsSome modest selling has crept into bitcoin, bringing the price back below $30,000 after BitGo revealed that it terminated a merger deal with rival custody firm Prime Trust.After considerable effort and work to find a path forward with Prime Trust, BitGo...

The SEC headlines on bitcoin sent the digital currency sharply to the downside. The price which reached a high of $31,260 moved down to a low of $29,508. In the process, the pair fell below what was a floor between $29,820 and $29,941. That area will now be eyed as...

Bitcoin hit at session low in the past hour, briefly trading below $30,000. It has since bounced back above that level though as the range since mid-June holds.Bitcoin jumped from $26,000 to $31,500 after Blackrock and several others filed applications to list bitcoin...

The SEC has indicated its readiness to publicly consider the latest ether futures filings, according to two sources cited by Blockworks. The report noted that the readiness to consider doesn't necessarily mean they will be approved.ETH dailyThe report adds to the...

The original Bitfinex hacker has finally been identified. Ilya “Dutch” Lichtenstein, a resident of New York, has admitted to being the original Bitfinex hacker. The coins were worth $71 million at the time and the value eventually grew to $4.5 billion.Lichtenstein and...

PayPal USD has launched a stablecoin PYUSD. The coin is is issued by Paxos Trust Co and fully backed by US dollar deposits, short-term Treasuries and similar cash equivalents, the San Jose, California-based payments company said on Monday. It’s pegged to the dollar...

Bitcoin dailyBitcoin is in the midst of its best day in almost a month. It's up 2.3%, or $752 to $29,925 as it threatens to retake $30,000 for the first time in a week. The catalyst for the buying appears to be the Moody's downgrade of several medium-sized US banks...