China News Official TheBitTimes.com

Bitcoin is in line to benefit from a tsunami of institutional capital, says Dan Tapiero, while Ethereum is also due an ETF boost. Bitcoin (BTC) faces a “torrent” of institutional inflows in the run-up to a United States exchange-traded fund (ETF) approval. That is the perspective of Dan Tapiero, founder and CEO of 10T Holdings, who has joined the bulls eyeing a sea change in institutional Bitcoin adoption. Tapiero: Mass capital inflows "about to hit" Bitcoin As excitement over the potential go-ahead for a U.S. Bitcoin spot price ETF grows, BTC price action has reacted in kind. As BTC/USD hit 18-month highs, meanwhile, institutional tides are already showing signs of shifting. Open interest on CME Group’s Bitcoin futures markets — the classic institutional venue for BTC derivatives — passed that of Binance for the first time this week. For Tapiero, this is a watershed moment. “Now begins the renewed drumbeat of ‘ institutional adoption’ of Bitcoin,” he announced on Nov. ...

CME Bitcoin futures hit a 2-year high, but options market data reflects investors’ hesitancy. Bitcoin (BTC) futures open interest at the Chicago Mercantile Exchange (CME) hit an all-time high of $3.65 billion on November 1. This metric considers the value of every contract in play for the remaining calendar months, where buyers (longs) and sellers (shorts) are continually matched. Bullish momentum on CME Bitcoin futures, but cautious BTC options markets The number of active large holders surged to a record 122 during the week of Oct. 31, signaling a growing institutional interest in Bitcoin. Notably, the Bitcoin CME futures premium reached its highest level in over two years. In neutral markets, the annualized premium typically falls within the 5% to 10% range. However, the latest 15% premium for CME Bitcoin futures stands out, indicating a strong demand for long positions. This also raises concerns as some may be relying on the approval of a spot Bitcoin exchange-traded futures ...

Bitcoin’s strong rally to $30,000 may have kick started a sharp recovery in SOL, LINK, AAVE and STX. Bitcoin (BTC) had a good week with prices rising about 10% to reach the psychologically important level of $30,000. After the rally, the question troubling investors is whether the uptrend will continue or is time for a reversal to happen. Trading team Stockmoney Lizards recently said that Bitcoin may soon break above its overhead resistance and start a sharp rally. They believe the approval for the exchange-traded fund will drive mass adoption and trigger the rally before the halving due in April 2024. Crypto market data daily view. Source: Coin360 A positive development this week was that Bitcoin’s strength rubbed off to several altcoins, which surged above their respective overhead resistance levels. This suggests that the sentiment is gradually turning positive and that it may be time to consider buying selectively. Typically, the coins that lead the markets higher are the ones th...

BTC futures and options data show pro traders’ sentiment was not impacted despite last week's 11.4% correction. In the past few months, Bitcoin (BTC) traders had grown used to less volatility , but historically, it's not uncommon for the cryptocurrency to see price swings of 10% in just 2 or 3 days. The recent 11.4% correction from $29,340 to $25,980 between August 15 and August 18, took many by surprise and led to the largest liquidation since the FTX collapse in November 2022. But the question remains: was this correction significant in terms of the market structure? Certain experts point to reduced liquidity as the reason for the recent spikes in volatility , but is this truly the case? BTC surged 70%+ in 2023, yet the "Alameda gap" - liquidity dip post FTX and Alameda Research collapse - remains, supported by low volatility. Read full analysis here: https://t.co/kVslgLQtpL pic.twitter.com/g8Ac7udBl7 — Kaiko (@KaikoData) August 17, 2023 As indicated by the Kai...

BTC price action keeps everyone guessing, while Bitcoin casually marks a major achievement on monthly timeframes. Bitcoin (BTC) lingered below $31,000 at the July 3 Wall Street open with bulls still in need of a catalyst. BTC/USD 1-hour chart. Source: TradingView Bitcoin price: Sink or swim at $30,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD acting in a tight range following the weekly close. BTC price performance remained firmly sideways into the new week, punctuated only by modest attempts at attacking the $31,000 mark. More optimistic market participants hoped that nearby resistance levels — and not only for Bitcoin — would soon fall. “The more frequently a resistance line is tested, the weaker it becomes,” trading team Stockmoney Lizards argued. “The day will come when ALL $31k sell orders have been filled.” An accompanying chart uploaded to Twitter compared BTC price action this year with its pre-bull market behavior in 2016, in the run-up to previous ...

BTC price sideways trading is not dampening the optimism of Bitcoin traders prior to a giant options open interest expiry. Bitcoin (BTC) aborted a fresh attempt to reach $31,000 on June 29 while trader s waited for bulls to succeed. BTC/USD 1-hour chart. Source: TradingView BTC price "primed to launch" Data from Cointelegraph Markets Pro and TradingView showed BTC price action refusing to leave its short-timeframe trading range. Now caught between and $30,000 and $31,000, BTC/USD lacked impetus to continue the prior week’s uptrend or reverse downward. For market participants, however, there was increasingly reason to believe that flipping higher resistance levels to support would come next. It is very likely that #Bitcoin will reach the N28CT target of $34,500 in the next push higher My model has nailed every prediction since its creation -Bottom in Nov 2022 -Best cycle buying price s in green year Time to accumulate is coming to an end..https://t.co/Lg9LBcoDad pic.twitter....

The entire crypto market awaits the result of todays Federal Reserve presser, and traders are hopeful that positive news will trigger a price breakout to the upside. The United States equities markets rose after the consumer price index print on June 13 came in below expectations but Bitcoin (BTC) and the altcoins failed to recover. This suggests that cryptocurrency traders are focused on crypto-specific issues and are not buying on favorable macroeconomic news.  However, there is a ray of hope for the bulls because Bitcoin is still holding above the $25,000 support. MicroStrategy co-founder Michael Saylor said in a Bloomberg interview on June 13 that the regulatory crackdown by the Securities and Exchange Commission may be bullish for Bitcoin. Saylor expects Bitcoin’s dominance to hit 80% in the future as “mega institutional money” flows into crypto after the “confusion and anxiety” dies down.  Although Saylor’s views may sound comforting to the Bitcoin bulls, they should keep in mi...

Bets are in for how BTC price action will react to the latest CPI print, with data favoring inflation dissipating in the coming months. Bitcoin (BTC) tracked $27,500 on May 10 as markets geared up for what should be a positive United States inflation print. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView CPI set for months of decline Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it lingered in a narrow trading range ahead of the April Consumer Price Index (CPI) release. A classic volatility catalyst for risk assets, CPI forms one of the key metrics which the Federal Reserve considers when changing interest rates. The next change is a full month away, but both government and private-sector metrics predict declining inflation to persist, and even accelerate, in the coming months. “A little bit of stagnation now, but into the coming two to three months, we’re likely to see a gradual decline, and actually a pretty steep decline, in inflation,” financ...

Bitcoin should dip to cement the $30,000 flip to support, analysis argues as bullish BTC price takes stay in play. Bitcoin (BTC) consolidated into the weekend as market participants stayed optimistic about further gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView "Most still sitting on the sidelines" with Bitcoin Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering near $30,500 on April 15. The pair had finished the Wall Street trading week on a less volatile note along with fairly flat United States equities. With the ten-month highs of $31,035 remaining in force, trade rs and analyst s considered the options for how BTC price action could play out next. “We're going higher. Much higher,” Credible Crypto summarized, retweeting a chart of BTC/USD and funding rates from popular technical analyst Murfski. “Most still sitting on the sidelines, funding still relatively flat. This is disbullief depicted on a chart.” Murfski had describ...

Macroeconomic headwinds continue to pressure the crypto market, but bulls appear steadfast on holding $28,000 for support and this could provide tailwinds for altcoins. Bitcoin’s (BTC) price initially dipped, but then recovered on April 3. The volatility happened after several OPEC+ members announced plans to cut oil production totaling 1.65 million barrels per day until the end of the year. Some analysts expect this move to tighten supply, resulting in higher prices at the pump. That may in turn boost inflation, warranting a continued hawkish stance from central banks. Initially, the United States Dollar index (DXY) rose but it could not sustain the intraday rally. This suggests that the market participants believe the event will not cause any major deviation in the Federal Reserve’s policy. A weaker DXY is generally considered a positive for risky assets. Daily cryptocurrency market performance. Source: Coin360 Cryptocurrencies have remained strong in the face of adverse macroeconom...