Fundstrat Expects Emerging Markets Rally To Spark Bitcoin Boom, Potentially Pushing BTC to $20k

Emerging Market Rally To Aid Bitcoin For some reason or another, investor sentiment has begun to turn decidedly positive in the cryptocurrency market. Tom Lee, the co-founder and head of research at Fundstrat Global Advisors, added to this influx of hopium-laced messages through a piece of analysis he pushed to his Twitter following, many of which are embroiled in all things Bitcoin. Lee explained that from this perspective of his New York-based advisory outfit, emerging markets, whose value is captured through the MSCI Emerging Markets Index, pulled down BTC over…

Emerging Markets are Surging and Investors Could Send Bitcoin Moon-Bound

Emerging markets and their respective currencies are on the rise, which historically has had some correlation with the price of Bitcoin. According to Morgan Stanley, the global emerging markets benchmark is expected to rise by around 8 percent in 2019, primarily due to the increase in interest in the Chinese stock market following the optimistic prospect of the trade deal. Bitcoin Vs. Emerging Markets: What’s the Correlation? In August 2018, global macro analyst Peter Tchir said that during periods of emerging market stress, cryptocurrencies like Bitcoin as a store of…

Bitcoin Approaches $3,900 as Crypto Markets Stabilize, Stock Market Slightly Down

Wednesday, Feb. 27 — most of the top 20 cryptocurrencies are reporting very slight gains and losses on the day by press time. Bitcoin (BTC) is approaching the $3,900 mark again, according to CoinMarketCap data. Market visualization from Coin360 At press time, Bitcoin is up less than half a percent on the day, trading at around $3,859, according to CoinMarketCap. Looking at its weekly chart, the current price is over three percent lower than $3,971, the price of BTC one week ago, and nearly 9 percent lower than $4,209, the mid-week…

BitPay Sets New Company Records, in Spite of Crypto Bear Markets

Blockchain payment platform BitPay has announced that 2018 has been their most profitable year, having “processed over a $1 Billion again in payments and set a new record for transaction fee revenue.” In a statement, BitPay CEO Stephen Pair said, “To process over a $1 Billion for a second year in a row despite Bitcoin’s large price drop shows that Bitcoin is being used to solve real pain points around the world.” 2018 was a particularly fraught year for the crypto space, as prices saw a steady decline. Nevertheless, BitPay…

How Bakkt Could Affect the Bitcoin Price Unlike Existing Futures Markets

Bakkt, a Bitcoin futures market operated by ICE, the parent company of the New York Stock Exchange (NYSE), is close to receiving a green light from the U.S. government. As CCN reported on December 21, Bakkt has been working with the Commodities and Futures Trading Commission (CFTC) to have its business plan approved, which revolves around the physical delivery of Bitcoin to its investors. What Separates Bakkt From Other Bitcoin Futures Markets Bitcoin’s Futures Market Existing Bitcoin futures exchanges in the U.S. market such as CME and CBOE are cash-settled,…

Bitcoin Shows New Resilience as Markets Shake off Futures Settlement

Bitcoin futures may have expired, but even that failed to produce volatility in cryptocurrency as markets remained flat Saturday, Oct. 27. Market visualization from Coin360 Data from CoinMarketCap and Coin360 confirm that the end of the trading week – and with it the payment date for CME Group’s Bitcoin futures – had essentially no effect on either Bitcoin (BTC) or altcoin prices. The behavior marks a stark contrast from just several months ago, with impending futures previously sparking losses in the run-up to their settlement date. On Friday, Cointelegraph had…

Crypto Markets See Little Movement, Bitcoin Continues to Trade Just Below $6,500

Saturday, Oct. 20: Crypto markets are seeing little momentum, with virtually all of the major cryptocurrencies seeing slight growth and losses between a 1-2 percent range, as Coin360 data shows. Market visualization by Coin360 Tether (USDT) has mostly settled back in to its characteristic trading pattern. Having briefly lost its U.S. dollar peg last week, the asset has since reclaimed its historical trading range close to a 1:1 ratio to the greenback. Today the stalwart stablecoin has seen an almost 1 percent drop to trade at $0.979. Bitcoin (BTC) is…

ETH and XRP Both Hit by Losses as Crypto Markets See Widespread Red

Monday, September 24: Both Ripple (XRP) and Ethereum (ETH) have taken hefty price hits today as the wider crypto markets see deep red, as data from Coin360 shows. Market visualization by Coin360 While Ethereum has now reclaimed its long-standing spot as second-largest coin by market cap on CoinMarketCap — which it briefly ceded to a skyrocketing Ripple on September 21 — Ethereum has today seen around a 5 percent loss on the day to trade at $234 to press time. Following its intraweek high of around $250 on September 22,…

Crypto Markets See Mixed Signals, Ethereum Beats Ripple by Market Cap

Saturday, September 22: crypto markets have seen a mix of red and green, with Ethereum (ETH) having passed Ripple (XRP) to come back to be ranked the second top cryptocurrency by market cap, according to CoinMarketCap. Market visualization from Coin360 After surging up to $6,809 earlier today, Bitcoin (BTC) is slightly down over the past 24 hours, having traded below $6,700 over the past few hours. The leading cryptocurrency is down around 0.5 percent and trading at $6,667 at press time, seeing around 3 percent gains over the week. Bitcoin…

Ripple Soars as Wider Crypto Markets See Flush of Green

Thursday, September 20: virtually all of the large-market-cap cryptocurrencies are in the green today, posting solid gains across the board, as data from Coin360 data shows. Market visualization from Coin360 After a volatile week, Bitcoin (BTC) rebounded past the $6,400 mark yesterday night, hitting as high as $6,450 before correcting slightly and then trading sideways to seal its current trading price of $6,410. Bitcoin’s 24-hour growth is at 1.8 percent, according to Cointelegraph’s Bitcoin Price Index. On the week, the top coin is up around 1.1 percent, but down by…