Markets


Markets

Bitcoin Drop Squeezes Out Weak Derivatives Positions – And That May Be a Good Thing

Bitcoin’s latest price drop may have a silver lining.

coindesk-BTC-chart-2020-08-26

Markets

First Mover: Ether Price Swings Make Bitcoin Look Tame as DeFi Speculation Spreads

The success of DeFi on the Ethereum blockchain has brought traders more than just congestion and high transaction fees: Volatility in ether prices.

Ether volatility is brewing. ("Approaching Thunder Storm, Martin Johnson Heade/Metropolitan Museum of Art, modified by CoinDesk)

Markets

Jerome Powell's Coming Inflation Speech May Weigh on Dollar and Boost Bitcoin: Analysts

The Federal Reserve chief is expected to bolster expectations of inflation in a keynote address Thursday. That may be bad for the U.S. dollar but good for bitcoin.

Federal Reserve Chairman Jerome Powell

Markets

Ether Volatility Now Highest in Six Months Compared With Bitcoin’s

Investors are pricing more volatility in ether compared to bitcoin. It's yet another consequence of this year's boom in decentralized finance, or DeFi.

Spread of ether's implied volatility over bitcoin's.

Markets

First Mover: Anything-Goes Token Market Repudiates Rich-Only Venture Capital Club

Venture capital is no longer just for the rich, as crypto markets let traders bet on early-stage digital-asset startups, risks included.

Cryptocurrency markets could make the clubby world of venture-capital investing more democratic. (Damonrand/Creative Commons, modified by CoinDesk)

Markets

Leveraged Funds Take Record Bearish Positions in Bitcoin Futures

The funds likely boosted short positions to take advantage of attractive "cash and carry" yields.

CFTC report data on bitcoin futures (chart via Skew)

Markets

Bitcoin Options Open Interest Nears All Time High – But Rise in Puts Could Presage Drop

While soaring open interest can be a sign of a continuing trend, the offloading of calls suggests bitcoin could correct further.

Maria Prymachenko. Ukrainian bull. 1977
(Ввласенко/Wikimedia Commons)

Markets

It's Now Cheaper to Buy One Bitcoin Than to Buy a Single DeFi Token YFI

On a per-coin basis, YFI governance token from DeFi protocol yEarn now costs more than industry behemoth bitcoin.

YFI price action in the past 24 hours (CoinGecko)

Markets

Stablecoin Demand May Drop if Traders Abandon Bitcoin ‘Cash and Carry’ Strategy

Institutional demand for stablecoins may cool because yield on “carry trades” has been cut in half since Monday.

This isn't how a "cash and carry" trade works. (Pixabay)

Markets

Bitcoin’s Bull Run Is Slowing – Pullback Now Expected

Some analysts are now predicting further price corrections after bitcoin fell back below the $12,000 milestone on Tuesday.

coindesk-BTC-chart-2020-08-19

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