Cryptocurrency

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...