Is This The Start of Another Bitcoin Price Bull Run?

Will bitcoin price continue its path to revival in February? The cryptocurrency’s price movement in the past month has chuffed its enthusiasts and traders, who are optimistic this might be the start of another bull run that culminates in a price record. They point to similar previous instances, when the cryptocurrency was left for dead but seemingly resuscitated itself. But they forget that the circumstances … Continue reading Is This The Start of Another Bitcoin Price Bull Run?

Notes 1/26: GBTC Shares Ownership, Bitcoin Price

Grayscale, issuer of the Grayscale Bitcoin Trust (GBTC) – the most expensive and worthless Bitcoin investment product in public markets, is set to argue its case against the Securities and Exchange Commission (SEC) on March 7th. The investment firm has charged the agency with arbitrarily denying its application to convert GBTC into a Bitcoin ETF. Launched in 2013, the Trust was the first publicly traded … Continue reading Notes 1/26: GBTC Shares Ownership, Bitcoin Price

Notes 1/22: Bitcoin Price Rises Again

It may be a piece of code but ‘pet rock’ Bitcoin has been going places. The cryptocurrency’s price has traversed the distance from $16,866 to $23,823, a gain of slightly more than 41%, in less than twenty days. As of this writing, bitcoin is changing hands at $22,381.15, down 3.23% from its price a day earlier.   An Improbable Ride   Bitcoin price has achieved its … Continue reading Notes 1/22: Bitcoin Price Rises Again

Notes 1/13: SEC Sues Gemini, Bitcoin Price

The public spat between cryptocurrency exchange Gemini and lending firm Genesis Capital took an unexpected turn yesterday after the Securities and Exchange Commission (SEC) sued both parties for an unregistered sale of securities. The agency is pursuing a different approach from its earlier case against bankrupt lending firm Celsius, when it targeted the company’s token CEL as an unregistered security. In its complaint, the agency … Continue reading Notes 1/13: SEC Sues Gemini, Bitcoin Price

Notes 1/11: Bitcoin Futures Premium

The rally in Bitcoin price might have some more runway left.    Bitcoin futures at the Chicago Mercantile Exchange (CME) are displaying a “slight premium” – the first one since FTX fell in November 2022 – of 0.2% for bitcoin price in the short term, according to data from Arcane Research. There is good news all around. The cryptocurrency’s futures at Binance are also showing … Continue reading Notes 1/11: Bitcoin Futures Premium

Notes 01/04: Bitcoin Price, Staking Tokens, and stBNB

Bitcoin price is loitering aimlessly in anticipation of crypto’s next big scandal. The cryptocurrency is changing hands at $16,820.90, up by almost 1 percent from its price a day ago, as of this writing. That’s decent range-bound performance from an asset whose credibility has been pummeled by numerous collapses in its ecosystem in the last six months. “You are not going to have a major … Continue reading Notes 01/04: Bitcoin Price, Staking Tokens, and stBNB

Notes 12/23: SBF’s Bail, Bitcoin Price, and Buffett’s Crypto Play

It took less than two months for former FTX CEO Sam Bankman-Fried (SBF) and his merry band to turn from heroes to villains. Thanks to his generous marketing spend and numerous public sponsorships and appearances, SBF had become the face of cryptocurrencies.   Now he is a symbol of its excesses. After spending the night in a Bahamas prison and being extradited to the United … Continue reading Notes 12/23: SBF’s Bail, Bitcoin Price, and Buffett’s Crypto Play

Notes 12/22: FTT and BNB, Ether Prices Decline

Crypto observers say there is one more scandal – a massive one that will shake its foundations – yet to occur in its ecosystem. It might come to light soon enough with the arrest and extradition of disgraced FTX chief executive officer Sam Bankman-Fried (SBF). After some spending a couple of nights in a Bahamas jail, he is back in the United States. His former … Continue reading Notes 12/22: FTT and BNB, Ether Prices Decline

Notes 12/15: CZ’s Simple Business, Bitcoin Price and Miners

Binance CEO Changpeng Zhao (CZ) made an entertaining appearance on CNBC’s Squawk Box this morning to distinguish his exchange from FTX – the latest poster child of crypto greed and dysfunction. CZ told the show’s hosts that Binance does not owe money to creditors and does not have venture investors. “We also don’t have loans to other people that we depend on,” he said, adding … Continue reading Notes 12/15: CZ’s Simple Business, Bitcoin Price and Miners

Notes 12/1: Bitcoin Price, Binance’s Simple Business Model, and Team SBF

Inflation data released this morning came in better than expected. The core personal consumption expenditure (PCE) index rose 0.2%, less than September’s 0.3% increase. The overall PCE figures, which includes volatile food and energy prices, rose by 0.3%. The increase in inflation numbers on a yearly basis was 6%, again less than the 6.3% figure for September. Those numbers mean that the Fed’s aggressive interest … Continue reading Notes 12/1: Bitcoin Price, Binance’s Simple Business Model, and Team SBF

Notes 11/30: Bitcoin Price, Regulation

Bitcoin price is showing signs of life after remaining range-bound for most of last month, amid a widening crisis in the cryptocurrency ecosystem. The premiere cryptocurrency had been trading in the $15,000 to $17,000 price range as the contagion from crypto exchange FTX’s collapse claimed more victims. Inexplicably, it broke past the $17,000 mark this morning. Some analysts attributed the slight jump price jump as … Continue reading Notes 11/30: Bitcoin Price, Regulation

Notes 11/25: Thankless Thanksgiving for Crypto, Binance’s White Knight Act, and FTX Gift Cards

There was not too much to be thankful for this year in cryptocurrencies. The pandemic’s excesses, during which crypto markets set two price records in a single year, are still working their way through the system. A precipitous double-digit decline in crypto prices since the start of this year would be sufficient to generate headlines in ordinary times. But we live in extraordinary times. A … Continue reading Notes 11/25: Thankless Thanksgiving for Crypto, Binance’s White Knight Act, and FTX Gift Cards

Notes 11/22: Bitcoin Price, $1.2 Billion Everywhere, and Ticking Time Bombs

Bitcoin price fell to a new two-year low of $15,480 amid talk of a possible bankruptcy for lending firm Genesis. The New York company was said to be in talks with crypto exchange Binance and investment firm Apollo Global Management for a loan of $1 billion. The firm had expanded operations and its loan volume surged during last year’s boom in crypto markets. This year’s … Continue reading Notes 11/22: Bitcoin Price, $1.2 Billion Everywhere, and Ticking Time Bombs

Notes 11/16: Bitcoin Price, Liquidity Gaps, and DeFi

Even as reverberations of FTX’s collapse continue to echo through the crypto ecosystem, it seems to be having less of an effect on crypto prices. Many expected bitcoin price to bottom out in the aftermath of a crash of a major crypto institution. That didn’t happen. There was a blip in crypto markets after news of FTX’s troubles came out. But they avoided a steep … Continue reading Notes 11/16: Bitcoin Price, Liquidity Gaps, and DeFi

What Will October Bring for Bitcoin Markets?

At the beginning of September, bitcoin price, which has crashed by more than 60% since its high last November, was poised for further downward movement. It bucked that script. Except for a brief surge in the middle of this month, bitcoin price mostly traded sideways and stuck to a trading range of around $20,000, its price at the start of the month. As of this … Continue reading What Will October Bring for Bitcoin Markets?

Notes 9/13: Bitcoin Falls On Weak CPI Data, ETHW Sputters to Life, and the Max Pain of Mining Crypto

Crypto markets were awash in a sea of red after the release of unexpected figures for the Consumer Price Inflation (CPI) index. Bitcoin was down by almost 6% from its price 24 hours ago and trading at $20,964.21. Ethereum tumbled by 9% and is changing hands at $1,583.35. The overall market capitalization of cryptocurrency markets 5.1% to $1 trillion. CPI rose by 0.1% and declined … Continue reading Notes 9/13: Bitcoin Falls On Weak CPI Data, ETHW Sputters to Life, and the Max Pain of Mining Crypto

What Will September Bring for Bitcoin and Crypto Markets?

For Bitcoin and the larger crypto ecosystem, this summer wasn’t a particularly warm one. In fact, a series of bankruptcies and scandals by major players crashed the ecosystem and prices plummeted. Bitcoin price has fallen by roughly 13% from the start of August and the overall market cap for cryptocurrencies declined by 8.1% to $992 billion in the same period, based on data from Coinmarketcap. … Continue reading What Will September Bring for Bitcoin and Crypto Markets?

Bitcoin Price Continues Crumbling As Celsius Contagion Spreads

The dreaded W word is re-entering the crypto lexicon. Chatter about a crypto winter is on the cards once again after the asset class’s spectacular pandemic run. The irony of crypto becoming one of the first casualties of an impending recession is rich because its enthusiasts have spent years positioning it as a hedge against central bank policies and distinguishing the asset class from mainstream … Continue reading Bitcoin Price Continues Crumbling As Celsius Contagion Spreads

More Crypto Funds Closed Shop Than Launched In First Quarter: Report

In yet another sign that the party might be coming to an end in crypto markets, more funds devoted exclusively to cryptocurrencies closed in the first quarter of 2022 than were launched in the same period. According to a new report from research firm Crypto Fund Research (CFR), only 11 new crypto funds were launched last quarter while 14 shut down their operations in the … Continue reading More Crypto Funds Closed Shop Than Launched In First Quarter: Report

Questions Swirl After Algorithmic Stablecoin Terra Loses, Regains Price Peg

Not much news takes place in mainstream markets over the weekend because they are closed. But there is always plenty of action in the 24X7 cryptocurrency markets. The latest drama occurred over the past weekend and concerned the price volatility of algorithmic stablecoin Terra or UST. The stablecoin has been a center of news coverage about decentralized finance (DeFi) and cryptocurrencies in the last couple … Continue reading Questions Swirl After Algorithmic Stablecoin Terra Loses, Regains Price Peg

How Will Fed Rate Hikes Affect Bitcoin Price?

The Federal Reserve’s announcement of a 0.25% increase in interest rates (and a promise of further hikes down the road) is expected to influence future price trajectories of assets. How do the rate hikes affect Bitcoin price? Immediately after the hikes were announced, Bitcoin price jumped by 4% overnight. Ethereum’s ether, the second-biggest cryptocurrency by market capitalization, registered an even steeper 7% increase. Cryptocurrency markets … Continue reading How Will Fed Rate Hikes Affect Bitcoin Price?