Pankaj Balani, CEO of the crypto derivatives exchange Delta Exchange, said that bitcoin is vulnerable to falling further because buying demand is absent. "We are not seeing any bottom fishing at these levels, and the interest to own bitcoin risk around $40,000 remains low," Balani told CoinDesk's Omkar Godbole in a WhatsApp chat. "We could retest $40,000 and should that break, … [Read more...] about Bitcoin Is Off on US Holiday and Could Fall Further
Holiday
Bitcoin Whales Were Active on Coinbase Amidst a Quiet Holiday Week
But following the big buys, both large buy and sell orders for bitcoin were placed on Coinbase right before the expiry of bitcoin’s options contract on Dec. 31. On Jan. 1, on the other hand, sell orders with more than five bitcoin dominated Coinbase’s BTC/USD trading pair volume. These large trades, however, did not cause any spikes in Coinbase’s spot market share, according to … [Read more...] about Bitcoin Whales Were Active on Coinbase Amidst a Quiet Holiday Week
Bitcoin’s Price Remains Boxed In Below $51K Over Holiday Weekend
On Wednesday, we recapped how Tesla’s bitcoin acceptance and Coinbase’s direct listing helped send bitcoin’s price to a new all-time high near $65,000, which turned out, in hindsight, to be the market peak. Today, we’ll show how some traders and investors began to cash out in April and May as concerns mounted over U.S. capital gains taxes, bitcoin’s environmental footprint and … [Read more...] about Bitcoin’s Price Remains Boxed In Below $51K Over Holiday Weekend
A ‘Best of’ 2021 Holiday Special: Haiti’s Transition Into Modern Finance
This episode is sponsored by Quantstamp, Nexo.io and KuCoin.This week and next we’re taking a year-end holiday from new episodes of “Money Reimagined.” Instead, we’re serving up a couple of our favorites from this year.This week’s pick was Sheila Warren’s: the Haiti episode from May 21.That’s when Sheila and co-host Michael Casey were joined by Jerry Tardieu, a Haitian author, … [Read more...] about A ‘Best of’ 2021 Holiday Special: Haiti’s Transition Into Modern Finance
First Mover Asia: What Holiday? Bitcoin Soars Past $59K Amid Brisk Trading
Good morning. Here’s what’s happening this morning:Market moves: Bitcoin broke above $59,000 with at least one analyst expecting a “healthy” holiday rally. Technician’s take (Editor’s Note): On account of the U.S. Thanksgiving holiday, today’s First Mover Asia will include a column in place of the usual Technician’s take.Catch the latest episodes of CoinDesk TV for insightful … [Read more...] about First Mover Asia: What Holiday? Bitcoin Soars Past $59K Amid Brisk Trading