The extreme volatility the crypto industry experienced at the end of November was further exacerbated by massive liquidations in the futures market.According to data from Glassnode, Bitcoin plummetted from its high of $59,000 to a low of $45,000 during the weekend, putting the market down by as much as 35% from the all-time highs set at the beginning of November.New virus … [Read more...] about Bitcoin enters December shaken and scarred by extreme volatility
December
Bitcoin’s Bullish Trajectory Intact, but December Pump to $100K Looks Unlikely: Analysts
Bitcoin needs to chart a 77% rally in the next four weeks to reach the widely forecast year-end value of $100,000. While analysts are bullish on the cryptocurrency, they don’t foresee a rally to six figures in the short term.“The latest Commitment of Traders report shows net-long positioning on the Chicago Mercantile Exchange, with an increased commitment by asset managers,” … [Read more...] about Bitcoin’s Bullish Trajectory Intact, but December Pump to $100K Looks Unlikely: Analysts
Analysts Expect Positive Bitcoin Returns in December
The chart below shows average returns for bitcoin by month. Typically, BTC has positive returns in the fourth quarter, which is why some traders remain poised for a year-end rally across cryptocurrencies. Based on seasonal data, however, BTC’s upside could be limited as January tends to produce negative returns. Source link … [Read more...] about Analysts Expect Positive Bitcoin Returns in December
wXRP to launch on the Ethereum blockchain in December
If all goes to plan, Wrapped XRP (wXRP) will be coming to the Ethereum (ETH) blockchain next month, courtesy of Wrapped.com. The move is meant to enable Ripple (XRP) holders to interact with aspects of decentralized finance, or DeFi, such as executing smart contracts for use in borrowing and lending, swapping for altcoins, via their native tokens. Currently, the network can … [Read more...] about wXRP to launch on the Ethereum blockchain in December
CME Group to launch micro Ethereum futures in December
One of the largest derivatives markets in the world, the Chicago Mercantile Exchange (CME) Group on Tuesday announced its plans to launch Ethereum-based micro futures by December 6.Meet the newest addition to the CME Cryptocurrency product line-up ‒ Micro Ether futures are arriving on December 6. Find out more: https://t.co/1J2oX55Uc3 pic.twitter.com/HbcK3rpaqU— CME Group … [Read more...] about CME Group to launch micro Ethereum futures in December