Wrap

Market Wrap: Bitcoin Breaks $11,800; Ether Options Market Explodes

Market Wrap: Bitcoin Breaks $11,800; Ether Options Market Explodes

Bitcoin continues its rebound this week after Sunday’s crash. Meanwhile, the ether options market suggests a roller coaster ride ahead for the world’s second largest cryptocurrency. It’s been a positive week for bitcoin so far. The world’s oldest cryptocurrency is continuing its rebound from a Sunday price crash, appreciating 12% on a bullish run that …

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Market Wrap: Stocks Make Gains While Bitcoin Sticks to $9,200

Market Wrap: Stocks Make Gains While Bitcoin Sticks to $9,200

A bullish stock market left bitcoin behind Monday with the world’s oldest cryptocurrency trading flat. The absence of action in bitcoin is in contrast to the performance of global equities on Monday. Stocks across the world today:  “In recent trading sessions, bitcoin traded in a narrow range of $9,100-$9,200,” said Constantin Kogan, partner at cryptocurrency …

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Market Wrap: Bitcoin Slides, Stocks Tread Water on Trump China Comments

Market Wrap: Bitcoin Slides, Stocks Tread Water on Trump China Comments

Bitcoin declined for the first time in three days as traders in digital-asset markets and more traditional stocks considered the implications of U.S. President Donald Trump’s latest broadsides against China on the coronavirus and Hong Kong.  Bitcoin (BTC) was changing hands around $9,400 as of 20:00 UTC (4 p.m. ET), slipping less than a percent …

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Market Wrap: Bitcoin Dips as Stock Markets Close Lower on the Week

Market Wrap: Bitcoin Dips as Stock Markets Close Lower on the Week

Bitcoin’s steady price gains over the past few days ended Friday. With the halving in the rearview mirror, cryptocurrency traders could consider the impact of a continued global economic slowdown after new data showed retail sales dropped to record lows and unemployment numbers continue to worsen. The world’s first cryptocurrency is trading below its 10-day …

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MARKET WRAP: Oil Futures Plunge, Bitcoin Dips and Tether Has a $7B Day

MARKET WRAP: Oil Futures Plunge, Bitcoin Dips and Tether Has a $7B Day

Monday marked a historic moment in traditional markets, with the price of West Texas Intermediate oil futures going into negative territory for the first time ever.  Contracts for May delivery, expiring on Tuesday, collapsed below -$40 per barrel at one point. In other words, sellers were willing to pay as much as $40 to people …

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Market Wrap: Crypto Mining Stock Hut 8 Jumps on Unusually High Trading Volume

Market Wrap: Crypto Mining Stock Hut 8 Jumps on Unusually High Trading Volume

Shares of cryptocurrency mining firm Hut 8 Mining Corp. (TSX:HUT) surged 32 percent with unusually high trading volume on the Toronto Stock Exchange Friday.  The huge, surprising bounce for the stock arrives after the firm warned earlier in April that coronavirus-related issues might hurt its business.  Like cryptocurrencies themselves, mining company stocks are prone to …

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