Category: Markets

If Bitcoin Passes $14K, Analysts Say Traders ‘Should Look to $20,000’ Instead of Looking Back

If Bitcoin Passes $14K, Analysts Say Traders ‘Should Look to $20,000’ Instead of Looking Back

While bitcoin prices touched all-time 2020 highs on Tuesday, a few analysts say they are expecting only a few more hurdles to surpass the 2017 all-time high (ATH). For instance, the market analyst from Etoro, David Derhy, says to look to $20,000 instead of back at $12,000. A few traders and popular cryptocurrency analysts think […]

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Prime broker CyberX is rolling out cross-exchange portfolio margin for derivatives

Prime broker CyberX is rolling out cross-exchange portfolio margin for derivatives

Crypto prime broker CyberX is rolling out a cross-exchange portfolio margin product for spots and derivatives trading. The Hong Kong-registered prime broker said in an announcement on Wednesday that the product, called CyberX Prime, aims to enable institutional clients to trade and manage their portfolio margins across global crypto exchanges from one single account. “Everybody […]

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Market Update: Bitcoin Nears $13,000, Holds Record-Breaking 87-Day Streak Above $10K

Market Update: Bitcoin Nears $13,000, Holds Record-Breaking 87-Day Streak Above $10K

Cryptocurrency markets have seen intense gains on Wednesday after the payment processor Paypal announced it would be supporting digital currencies. At the time of publication, the market cap of all 7,000+ digital assets has gained 5.6% hovering above $379 billion during the afternoon trading sessions. Digital currency markets have increased a great deal during the […]

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Nearly $900 million in VC went to crypto companies in the third quarter of 2020

Nearly $900 million in VC went to crypto companies in the third quarter of 2020

During the third quarter of 2020, $897.7 million in venture funds were allocated across 212 crypto and blockchain startups, according to data compiled The Block Research. Early-stage and seed deals were the most common deal types, according to The Block Research’s John Dantoni. Such deals represented half of the quarter’s total, with 59 deals for […]

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The market for institutional-grade trading services for digital assets may be maturing

The market for institutional-grade trading services for digital assets may be maturing

We may be seeing the beginning stages of maturation in the market for institutional-grade services for trading digital assets, evidenced by consolidation in the sector as well as its first later-stage deals, according to a new report from The Block Research. According to the report, there are now 40 companies that provide digital asset trading […]

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New data show how dominant Tether has become as a trading pair on crypto exchanges

New data show how dominant Tether has become as a trading pair on crypto exchanges

Bitcoin used to be far and away the most popular trading pair at crypto exchanges. These days, the distinction belongs to Tether. Around 70% of the trading volume at exchanges is now denominated in Tether, while 15% is denominated in bitcoin and another 4% is in other stablecoins.   In the first quarter of 2017, bitcoin […]

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Grayscale sees more than $1 billion in new investments in Q3

Grayscale sees more than $1 billion in new investments in Q3

Grayscale Investments, the world’s largest digital currency asset manager, says it raised $1.05 billion for investment products during the third quarter of 2020 — the largest inflow of funds from investors a single quarter in Grayscale’s history. On Wednesday the firm released a comprehensive report detailing its latest investment activity. According to the report, the […]

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