Tag: Market

Huobi Releases New Derivative Market On Huobi Global

Huobi Releases New Derivative Market On Huobi Global

BLOCKCHAIN
About Richard KasteleinFounder and publisher of industry publication Blockchain News (EST 2015), partner at ICO services collective CryptoAsset Design Group ($500m+ and 50+ ICOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startupsand has written over 1500 articles on Blockchain technology andstartups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat Ad honorem - Honorary Ph.d - Chair Professor of Blockchain atChina's first Blockchain University in Nanchang at the Jiangxi AheadInstitute of Software and Technology. In 2018 he was invited
What Caused Bitcoin to Drop to a New Yearly Low? Factors and Trends

What Caused Bitcoin to Drop to a New Yearly Low? Factors and Trends

BITCOIN, NEWSBTC
When optimists thought it couldn’t get any worse, it did. In the past 24 hours, after ranging between $3,800 and $4,200 for a week, Bitcoin (BTC) was suddenly subject to another spell of bear market fever, as the asset fell under $3,700, $3,600, and $3,500 in quick succession. BTC even established a new year-to-date low in the recent sell-off, breaching $3,350 on Coinbase in a bearish spasm.Upon the re-arrival of selling pressure, which sent retail investors into an unrelenting furor, a myriad of industry participants asked what mustered bears into action — the million dollar question lingering about everyone’s mind.SEC Delays Bitcoin ETF Ruling… Yet AgainPer previous reports from NewsBTC, a number of representatives from VanEck, SolidX, and CBOE’s Bitcoin exchange-traded fund (ETF) team r
Bitcoin Can’t Fall To $0 Nor Enter A “Death Spiral” — Mining Rules Deem It So

Bitcoin Can’t Fall To $0 Nor Enter A “Death Spiral” — Mining Rules Deem It So

BITCOIN, NEWSBTC
As BTC capitulated on Thursday evening, falling under a handful of purported key support levels, a number of bearish commentators, including Nouriel “Dr. Doom” Roubini and Bloomberg’s Mike McGlone, doubled down on their sentiment that cryptocurrencies would continue to disintegrate. A number of cynics, who are often berated for their improper insight, pointed to the expected collapse of Bitcoin mining as the primary stimulant for the impending exhaustion of cryptocurrencies.However, as recently asserted by one of the crypto industry’s finest, this couldn’t be further from the truth.By Design, Mining Will Keep BTC AliveSince Bitcoin’s earliest years, Andreas Antonopoulos, a Greek-British blockchain fanatic, has been a zealous Bitcoin crusader, known for brutally debunking critics of a techn
Bloomberg: Bitcoin Price “Fading”, $1,500 Possible

Bloomberg: Bitcoin Price “Fading”, $1,500 Possible

BITCOIN, CRYPTOCURRENCY, NEWSBTC
After MarketWatch got lambasted for publishing a questionable op-ed regarding a Bitcoin mining “death spiral,” the financial media continued their bearish cryptocurrency coverage on Wednesday. More specifically, Bloomberg News, which covers the crypto industry round the clock, recently had its in-house analysts tout a $1,500 per BTC prediction — far below what many traders deem “logical.”Bloomberg Analyst Bearish, Expects Bitcoin To Fall To $1,500While selling pressure has begun to abate, with 24-hour volumes in the cryptocurrency market falling to $14 billion, BTC continued its seemingly endless downtrend on Wednesday. The asset, which ranged primarily between $3,900 and $4,200 for a week, fell under the former price level in recent hours. During one point on Wednesday, the foremost crypt
Institutions Still Bullish On Crypto: Grayscale Owns 1% of All Bitcoin

Institutions Still Bullish On Crypto: Grayscale Owns 1% of All Bitcoin

BITCOIN, CRYPTOCURRENCY, NEWSBTC
As Bitcoin continues its chaotic price action, ceaselessly falling and ascending through key levels, some paranoid traders have feared that institutional investors have been alienated from the crypto market. Yet, reports indicate that Grayscale’s growing war chest has continued to swell, while institutional players continue to express interest in crypto assets. This, of course, makes it more than palpable that institutions see immense value in cryptocurrencies, and potentially, that a market bottom is inbound.Grayscale Owns $826 Million in BitcoinAccording to a research report released on December 3rd, from the offices of crypto analytics unit Diar, Grayscale Investments, a self-proclaimed “trusted authority on digital currency investing,” has accumulated thousands of BTC for its in-house
Crypto Bear Market Strikes: Ethereum Classic (ETC) Development Group Folds

Crypto Bear Market Strikes: Ethereum Classic (ETC) Development Group Folds

CRYPTOCURRENCY, NEWSBTC
While crypto’s unbridled optimists have done their best to keep this market afloat, incessantly imploring Bitcoin investors to “HODL” and “BUIDL,” their cries haven’t stopped a key Ethereum Classic development group from unfortunately capitulating.Ethereum Classic Ecosystem Loses Key Player Amid Market TumultAfter a multi-month downturn in the cryptocurrency world, which has seen $700 billion evaporate from this industry’s market value, ETCDEV, an essential player in the Ethereum Classic ecosystem, has announced its closure on December 3rd, 2018. For those who aren’t in the loop, ETCDEV is an Ethereum-centric development group launched two and a half years ago, whose creation was catalyzed by the DAO debacle of 2016.Since the organization came into being, it rapidly became the face of the
Prominent Crypto Analyst: Bitcoin over $4,400 May Catalyze 10% Rally

Prominent Crypto Analyst: Bitcoin over $4,400 May Catalyze 10% Rally

BITCOIN, NEWSBTC
As Bitcoin continues to toss and turn day-to-day, failing to establish a solid footing at a single support level, the crypto market’s preeminent analysts have assumed the mantle of forecasting where prices could head next.While some commentators are often lambasted for their dubious and baseless predictions, there remain voices of reason, who analyze crypto with caution and finesse, even in the direst of straits.Bitcoin at $4,900 Could Be Possible, Important Short-Term LevelSince November 14th, the eve of Bitcoin Cash’s contentious network upgrade, the crypto market has been endowed with a renewed sense of panic, catalyzing sell-off after sell-off in recent weeks.In a matter of two weeks, Bitcoin fell from $6,200, where it held throughout the summer, to a year-to-date low of $3,500, the as
Tom Lee: Crypto Is Bent Not Broken, Plenty of Room to Grow

Tom Lee: Crypto Is Bent Not Broken, Plenty of Room to Grow

BITCOIN, CRYPTOCURRENCY, NEWSBTC
Whether you like him or not, Tom Lee, Fundstrat Global Advisors’ head of research, has been one of Bitcoin’s foremost advocates in recent memory. In a testament to this, the former JP Morgan managing partner has arguably become crypto’s de-facto figurehead, appearing on mainstream outlets to tout his over-ardent optimism on this budding asset class. And while his short-term outlook on Bitcoin has recently undergone a slight shift, presumably due to this year’s market pitfalls, Lee recently doubled-down on his sentiment that cryptocurrencies will boom in the long haul.Related Reading: Tom Lee’s Big Bitcoin Price Prediction Dropped to $15,000Tom Lee On Recent Bitcoin DrawdownIn the past 15 days, crypto investors across the globe have been perplexed by Bitcoin’s latest draw-down, which saw th
Crypto Investor: Bitcoin Has Yet To Bottom, But $4,200 Is a Steal

Crypto Investor: Bitcoin Has Yet To Bottom, But $4,200 Is a Steal

BITCOIN, NEWSBTC
On Wednesday, after a multi-week sell-off that saw crypto assets toss and turn non-stop, investors in this market found some much-needed reprieve. In the span of 12 hours, Bitcoin surged past $3,800, establishing a five-day high at $4,375 on the back of an aggressive influx of buying pressure. And with this move, which saw the aggregate value of all crypto assets move towards $140 billion, optimists claim that a bull run, or a recovery at the very least, is in this market’s grasp.As Bitcoin breached $4,200, a supposed level of resistance, naive investors clamored to figure out if the worst is truly behind the cryptocurrency industry. Aiming to offer his conjectures on the matter, Michael Bucella, a partner at crypto-focused investment firm BlockTower Capital, made a guest appearance on CNB
Report: Blockchain Market to Be Worth over $28 Billion by 2025

Report: Blockchain Market to Be Worth over $28 Billion by 2025

BLOCKCHAIN, NEWSBTC
A report into the projected growth of the current blockchain market by Meticulous Research has produced some incredibly bullish forecasts for the industry. By 2025, it’s expected to have grown at a compound annual growth rate (CAGR) of 74.1%, reaching $28 billion.Future Looks Bright for Blockchain TechnologyIn a report published today, Meticulous Research has stated that the size of the global blockchain market will reach an impressive $28 billion by 2025.To us more used to dealing with cryptocurrency market capitalisations, this might look like a sharp fall. However, the figures do not include any individual cryptocurrency market caps. To put it into perspective, the current size of the technology market is stated by Meticulous as being $385.5 million.The researchers believe that explosiv