Bitcoin Continues to Rise, Tests $11,000 Level By Investing.com


© Reuters.

Investing.com – maintained its bullish momentum on Tuesday in Asia. Reports that a crypto exchange startup is considering raising more than $100 million in an IPO received some attention.

rose 4% to $10,799.8 by 1:01 AM ET (05:01 GMT). gained 2%, while inched up 0.3%. underperformed and lost 3% to $0.27797.

and other cryptocurrency prices were supported this week by news that Bakkt, a subsidiary of the Intercontinental Exchange, was given the green light from the U.S. Commodity Futures Trading Commission to launch bitcoin futures next month.

Meanwhile, INX Limited, a crypto exchange startup, plans to raise up to $129.5 million through an IPO, CoinDesk reported citing a prospectus.

It will be the first security token sale registered with the U.S. Securities and Exchange Commission, and the salewould be one of the very few full-fledged IPOs in the blockchain industry, the article said.

“When fully operational, we expect to offer professional traders and institutional investors trading platforms with established practices common in other regulated financial services markets, such as customary trading, clearing, and settlement procedures, regulatory compliance, capital and liquidity reserves and operational transparency,” says the draft prospectus.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Cryptocurrency Market Sees Red as Bitcoin Slumps Below $11,000 By Cointelegraph


© Reuters. Cryptocurrency Market Sees Red as Bitcoin Slumps Below $11,000

Tuesday, Aug. 13 — (BTC), Ether (ETH) and continue to bleed amid a crypto market turning red.

Bitcoin is trading at $11,005 at press time, with a 3.83% loss on the day. Bitcoin broke $12,000 three days in a row, from Aug. 6 to Aug. 8., but never managed to hold these highs for a significant period of time. Then on Saturday, Aug.10, BTC price fell by about $400 in just an hour. Price has continued downward since then, and has even dipped below $10,900 today.

Keep track of top crypto markets in real time hereContinue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Top Crypto Markets Report Losses, Bitcoin Hovers Around $11,000 By Cointelegraph


Top Crypto Markets Report Losses, Bitcoin Hovers Around $11,000

Friday, July 5 — the top-20 digital currencies by market capitalization are trading in the red zone, with only Chainlink (LINK) seeing daily gains, according to data from Coin360.

(BTC) has been trading in a narrow corridor from $11,701 to $10,751 as its highest point during the day. The leading crypto has lost 6.25% over the past 24 hours, and is currently trading at $10,969. In terms of its weekly performance, bitcoin has seen a price drop by 2.73%.

Keep track of top crypto markets in real time hereContinue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Bitcoin Surges Back Above $11,000, Cryptos Breathe Sigh of Relief By Investing.com


© Reuters.

Investing.com – Bitcoin surged higher on Wednesday in a second day of gains, prompting speculation that the recent correction may have run its course.

jumped 6.75% to $11,272.4 on the Investing.com Index by 12:38 PM ET (16:38 GMT).

The typically volatile digital asset has seen a rollercoaster ride since mid-June that took it from $7,888 to a 2019 high of $13,929.8 just one week ago, with gains mostly attributed to Facebook’s announcement of its own cryptocurrency known as Libra, which it plans to launch in 2020.

Amid concerns that the more-than-200% surge so far this year was far too reminiscent of the frenzy that took it to all-time highs of nearly $20,000 before it crashed to $3,000, analysts became cautious and warned of an imminent correction.

That correction appeared to rear its head last Thursday as bitcoin plunged nearly 14% and the largest crypto by market capitalization began a retracement that took it as far as $9,728.5 on Tuesday, a 30% plunge.

The panic caused a Forbes contributor to claim that the “bitcoin bubble bursts” and Nouriel Roubini, chief executive of Roubini Macro Associates, to repeat his long-term stance that there was “still a long way to less than zero as its true value is negative, not zero”.

The potential for recovery seen a day earlier, although perhaps just a break in the downward trend before further losses, appeared to send a sigh of relief through the sector on Wednesday.

Cryptocurrencies overall traded higher on Wednesday. The total cryptocurrency market capitalization rose to $325.27 billion, compared to $312.02 billion a day earlier.

Among bitcoin’s closest rivals, rose 4.8% to $293.86, advanced 2.1% to $0.39838, increased 3.4% at $119.853, while traded up 3.9% to $408.37.

Among news regarding the sector as a whole, the Cuban government said late Tuesday it was studying the as part of a series of measures to boost its economy amid a deepening crisis exacerbated by U.S. sanctions.

British regulator the Financial Conduct Authority proposed Wednesday the to retail consumers from early 2020 due to what it considers the prevalence of market abuses.

The FCA noted that prices of crypto-assets – which include currencies like bitcoin as well as tokens representing other tradeable assets – are very volatile and there is a lack of a clear investment need for products referencing them.

— Reuters contributed to this report.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Bitcoin Rebounds, Surges Above $11,000 By Investing.com


© Reuters.

Investing.com – rebounded on Wednesday in Asia and surged above $11,000, after falling to as low as $9,728.50 overnight.

It last traded at $11,338.7 by 11:45PM ET (03:45 GMT), up 8.9%.

Bitcoin began its free fall last Thursday and was down almost $4,000 from its highs last week.

The highly volatile cryptocurrency has had a stellar turnaround this year and surged about 200% so far this year, despite the latest fall. It still remains well below record highs of nearly $20,000 reached in December 2017, however.

The comeback was largely due to Facebook’s announcement of its own cryptocurrency known as Libra, which it plans to launch in 2020.

It will be run by Stripe, Uber (NYSE:), Mastercard (NYSE:), Visa (NYSE:), PayPal, Spotify (NYSE:) and others.

Other major cryptocurrencies also traded mostly higher today.

was up 2.6% to 296.35, while gained 1.5%.

, however, slipped 0.8% to 0.40247.

In other news, while not a directional driver, the Bank for International Settlements announced this week that it is setting up an innovation FinTech Hub for financial technology.

BIS General Manager Agustin Carstens said that “it might be that it is sooner than we think that there is a market and we have to create our own digital currencies.”

“There needs to be demand for central bank currencies and it is not clear that the demand is there yet,” Carstens told the FT. “Perhaps people can do what they want by using electronic wallets provided by banks or fintech companies. It depends on the development of private stable coins.”

The BIS’s hub will be set up in Switzerland, Hong Kong and Singapore, according to a statement.

According to Bloomberg, central banks including Sweden’s are currently looking into introducing virtual coins of their own.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Bitcoin trades above $11,000, after 10% weekend jump


LONDON/NEW YORK (Reuters) – Bitcoin tested 15-month highs on Monday after jumping more than 10% over the weekend, with analysts ascribing the spike to growing optimism over the adoption of cryptocurrencies after Facebook unveiled its Libra digital coin.

The original cryptocurrency hit $11,247.62 on the Bitstamp exchange late on Sunday, its highest since March last year. It later pulled back, and was last up 1.9% at $11,039.62.

Facebook said last week it planned to launch a new cryptocurrency called Libra, though the announcement immediately led to questions from regulators and politicians across the world.

Mati Greenspan, an analyst at eToro, said bitcoin’s gains underscored growing optimism among retail investors that Facebook’s plans were part of a wider trend of major companies adopting cryptocurrencies.

“They believe that Libra will create mass awareness of cryptocurrencies and act as a gateway to adoption.”

(Graphic: Bitcoin tests $11,000 – tmsnrt.rs/2Ft6UJU)

BITCOIN “HALVING” IN 2020

One of the biggest reasons for the bitcoin rally, analysts said, is the cryptocurrency’s next “halving” in May 2020, where the rewards offered to bitcoin miners shrink. That has constrained the supply of the digital currency.

Bitcoin relies on so-called “mining” computers that validate blocks of transactions by competing to solve mathematical puzzles every 10 minutes. In return, the first to solve the puzzle and clear the transaction is rewarded new bitcoins. Bitcoin technology was designed in such a way that it cuts the reward for miners in half every four years, a move meant to keep a lid on inflation.

The mining reward is currently 12.5 bitcoins. In the next halving in 2020, the reward will fall to 6.25 new bitcoins.

“Bitcoin always does a 200% pump within 1 year before the halving and another much, much bigger pump in the year after the halving,” said Stuttgart-based Marius Kramer, a social media influencer who currently works with crypto investing app Ember Fund.

Other traders cited geopolitical factors from tensions in the Gulf region to the U.S.-China trade war as fuelling interest in bitcoin, which has more than doubled in price since March.

FILE PHOTO: A Bitcoin logo is seen on a cryptocurrency ATM in Santa Monica, California, U.S., January 4, 2018. REUTERS/Lucy Nicholson/File Photo

Thomas Puech of Enigma Securities, a London-based firm that specializes in larger size over-the-counter cryptocurrency deals, said growing tensions between the United States and Iran were “gas” for bitcoin and other cryptocurrencies.

In late March, bitcoin broke out of a spell of limited price moves. So far this year it has surged nearly 200%, an ascent peppered by double-digit price swings.

Bitcoin’s volatility has been a boon to larger investors such as hedge funds, and other investors searching for returns as central banks across the world lean toward lower interest rates, said Puech.

Reporting by Tom Wilson in London and Gertrude Chavez-Dreyfuss in New York; Editing by Tommy Wilkes, Mark Potter and Chris Reese



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Bitcoin Consolidates Above $11,000 as Cryptocurrencies Tick Higher By Investing.com


© Reuters.

Investing.com – After bitcoin managed to top $11,000 over the weekend, analysts warned that the feverish rally starting at $7,888 on June 11 could be set to run out of steam.

gained 3.0% to $11,075 on the Investing.com Index by 12:37 PM ET (16:37 GMT) Monday, but remained below the high of $11,361.3 reached over the weekend, its highest level since March 2018.

The recent buzz surrounding Facebook’s launch of digital coin Libra in the first half of 2020 was credited by some as helping spur the buying interest that others likened to the frenzy in 2017 rally, which saw the world’s largest digital currency rise to record highs of around $20,000 on some exchanges, before a steep selloff which saw it drop to just over $3,000.

But Eneko Knorr, founder of digital assets custody service Onyze, objected, saying that “this last run is not backed by more Google (NASDAQ:) searches nor tweets about bitcoin” in a clear reference to those retail investors who were simply taken in by the hype.

Cameron Winklevoss, founder of Winklevoss Capital Management, defined the bitcoin bear market known as crypto winter as “simply an exercise in patience”.

Thomas Lee, co-founder of Fundstrat Global Advisors, had told CNBC back in April when Bitcoin was closer to $5,000 that the “crypto winter” was over and most recent break above $11,000 seemed to coincide with his forecast last Thursday that the $10,000-mark would be just a blip on the screen as bitcoin extends the current rally even farther.

Matt Simpson, technical analyst at City Index, took a more cautious approach after the current rally: “With prices looking stretched, we suspect a retracement could be due before its trend continues.”

He noted that the impossibility of ruling out an attempt from bulls to push it to new highs, “but we’d suggest caution at these high levels, given the lack of pullbacks since the June low.”

Cryptocurrencies overall traded higher, with the total coin market capitalization of $330.14 billion by 12:44 PM ET (16:44 GMT), compared to $325.53 billion a day earlier.

Among bitcoin’s closest rivals, gained 0.8% to $313.01, fell 1.9% to $0.4668, dropped 1.2% to $475.9, while traded down 3.4% at $135.699.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.