Trading Legend Don Wilson: Asian Demand High for Bitcoin Futures

Don Wilson, founder of high-speed trading firm DRW, said bitcoin derivatives trading in Asia hours is almost equal to the volume he’s seen in the U.S., something he says is an anomaly when compared to other financial instruments. In a fireside chat at the CoinDesk Consensus Singapore 2018 conference with Quartz’s John Detrixhe, Wilson discussed […]

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Palestinians Are Using Bitcoin to Transact Across Borders Amid Conflict

For a small but growing community of users in the occupied Palestinian territories of the Gaza Strip and the West Bank, bitcoin has become a lifeline. Ahmed Ismail, a financial analyst in Gaza, estimated there are at least 20 unofficial “exchange” offices there dealing cryptocurrency to local users. Ismail himself helps 30 clients use bitcoin […]

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Bitcoin Price Looks North After Passing $6.4K Resistance

Bitcoin (BTC) is teasing a decent bullish move, having cleared crucial resistance a few hours ago. The leading cryptocurrency moved past $6,400 earlier today, signaling that bearish exhaustion – as indicated by Tuesday’s spinning bottom candle – is paving way for a corrective rally. Notably, the positive price action was preceded by a solid defense […]

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Bitcoin Price Charts Hint at Recovery Rally Above $6.4K

Bitcoin (BTC) could witness a minor corrective rally if the bulls’ persistent defense of key support leads to a break above the resistance at $6,400, technical charts indicate. The leading cryptocurrency suffered a downside break of the symmetrical triangle in the early U.S. session yesterday, signaling a revival of the sell-off from the recent highs […]

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Bitcoin Daily Chart Alert – Bears Have Technical Advantage – Sep 10

Editor’s Note: Welcome to Kitco’s new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger […]

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Bitcoin Retains Bear Bias Despite Recovery From 25-Day Low

Bitcoin’s (BTC) recovery from 25-day lows seen over the weekend has done little to alleviate the near-term bearish bias, technical studies indicate. The leading cryptocurrency fell to $6,119 on Bitfinex on Saturday – the lowest level since Aug. 14 – bolstering the bearish setup established by a sudden $1,000 drop witnessed during a 24-hour period […]

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Bitcoin is Dragging Other Cryptocurrencies Down as Correlation Between Them Increases

The increasingly high positive correlation between Bitcoin and other cryptocurrencies is bringing their prices down, now that the tide has turned against Bitcoin since the spectacular rally towards the $20,000 area in mid-December 2017. With a market capitalization of $111 billion, the BTC continues to recoup the cryptocurrency market dominance it once had. Correlation Between […]

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