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Institutional Bitcoin Trading Volumes See Fourth Month of Growth, Diar Reports

Trading of institutional Bitcoin investment products are rising against U.S.-based crypto exchanges as a percentage of total trading volume. Trading of institutional Bitcoin (BTC) investment products have seen growth for the fourth month running, and are rising against United States-based crypto exchanges as a percentage of total trading volume. The news was revealed in a new report from weekly crypto outlet Diar on April 8. Diar’s data reveals that month-on-month, the percentage that institutional BTC products account for out of total Bitcoin trading volumes has continued to steadily grow, with 15% in January 2019, 17% in February, 18% in March and now 19% in April. Diar’s data notably focuses on three institutional products — Chicago Mercantile Exchange (CME) Bitcoin futures, Chicago Board Options Exchange (CBOE) Bitcoin futures and Grayscale's Bitcoin Investment Trust (GBTC). Institutional Bitcoin products as percentage share of total trade volumes. Source: Diar, Vol. 3. Issu..

Bitcoin (BTC) Set To Hit $7, 500 This Month Amid Rumors...

Bitcoin price prediction 2019 has been positive since the beginning of the year. For the last two weeks, it has been surging higher and higher against the USD. For the first time since November, Bitcoin crossed the $5,000 level. Other cryptocurrencies in the market followed suit and started rising against the USD as well. The entire cryptocurrency trading volume also reached a 5-month high at $185 yesterday. Things are looking up and the price of Bitcoin is expected to keep skyrocketing. Due to the surge in price, there have even been rumors about a Bitcoin price manipulation. According to a recent Bitcoin news on Ethereum World News, BTC is expected to hit $7500 soon before a downside correction follows. Bitcoin News Today – Bitcoin Price Manipulation – Bitcoin Price Forecast – Bitcoin to Hit $7500 And Slide Back To $4000 According to the cryptocurrency analyst, CryptoHamsterIO on Twitter, the Fibonacci retracement level is unsteady and it is suggests that the price of Bitcoin will h..

As Cryptocurrencies Reach 5-month High, Check Out The Best Cryptocurrencies To...

Last year, during the cryptocurrency winter people started trying to find out what happened to cryptocurrency. The price of Bitcoin fell from its all-time high of almost $20,000 all the way to $3150 where it allegedly bottomed at. Ethereum, XRP and other cryptocurrencies followed. Since the beginning of the year, however, the price of Bitcoin has been bullish. In fact, the Bitcoin bull run led to a market-wide cryptocurrency bull run. Now, people are trying to find out the best cryptocurrency to invest 2019. This is a list of the best cryptocurrency 2019 investment you can make based on the current price action. Best Cryptocurrencies To Invest In 2019 – Best Cryptocurrency 2019 – Cryptocurrency Trading Volume Reaches 5-Month High As the price of Bitcoin and other cryptocurrencies fell during the winter, the trading volume of the entire market also fell. Everything became worse after the Bitcoin Cash hard fork war cost the entire market to fall even lower. Yesterday, according to CoinD..

Litecoin (LTC) May Hit $150 This Month As The Rally Resumes...

Throughout the first quarter of the year, the price of Litecoin (LTC) was bullish against the USD. Litecoin was reaching higher highs almost every week. This was an extension of the moon Litecoin rally that started on December. This was due to the anticipation surrounding the Litecoin halving and other developments from the Litecoin foundation. The Litecoin price prediction 2019 has been positive since then but people want to know if this Litecoin rally will extend to the second quarter of 2019. Will Litecoin recover higher in Q2? Litecoin Price Prediction 2019: Litecoin News Today – Litecoin Halving And Litecoin Recovery Since January, Litecoin (LTC) has increased by an amazing 186% against the USD. This bullish reversal was complemented by the end of the Bitcoin bear market and the beginning of the Bitcoin bull run this week. Litecoin price prediction 2019 isn’t just positive fundamentally, it is also positive technically as well. Since the price of Litecoin started following the ye..

Short-Term Crypto Losses Surged Fivefold in 1st Month of 2019: Credit...

The Number of Credit Karma Tax filers that reported short-term crypto losses in the first month of 2019 surged 521 percent over the same period in 2018. The amount of Credit Karma Tax filers that reported short-term crypto losses in the first month of 2019 surged more than fivefold over the same period in 2018, the firm revealed on April 3. Credit Karma Tax, a tool launched by San Francisco-based personal finance firm Credit Karma back in 2016, offers a free tax filing service that can be used to report gains or losses from trading cryptocurrency. Today, Credit Karma released a comparative report of capital crypto gains and losses on federal taxes between Jan. 28 and Feb. 22, 2019, compared to those who filed their 2017 federal income taxes with Credit Karma Tax between Jan. 29 and Feb. 23, 2018. According to the report, the number of Credit Karma Tax filers who reported short-term capital crypto losses in the first month of the 2019 filing season soared by 521%. A short-term gain..

Bitcoin Trading Volume Reaches 12-month High Above $11 Billion What This...

When the cryptocurrency winter started, the price of Bitcoin dropped significantly along with the trading volume. For the past few trading sessions, however, the price of Bitcoin has been recovering slowly against the USD. The trading volume has also been increasing in what appears to be an accumulation of BTC by thirsty investors. Bitcoin (BTC) Price Today – BTC / USD Name Price24H (%)$4,019.40 3.11% On Friday, the trading volume moved higher than $11 billion within a 24 hour period. This is the first time Bitcoins trading volume had moved that high in the past twelve months since the beginning of the cryptocurrency winter. It is 200% higher than anything we’ve seen in the last year. So, if you’re one of those who has been inputting queries like; is Bitcoin dead? It’s time to buy, relax and await a bull rally. What Does The Spike In Bitcoin Trading Volume Say About The Future Of Bitcoin? The last time the trading volume of Bitcoin was this high, the price of Bitcoin was hovering ar..

Some Altcoins Make Mild Gains, Crude Oil Futures See Four-Month High

Cryptocurrency markets are experiencing mixed signals, with Bitcoin trading around $3,920. Thursday, March 14 — cryptocurrency markets are trading sideways, with some major coins making minor gains on the day, according to data from Coin360. Market visualization from Coin360 Bitcoin (BTC) is up less than one percent over the past 24 hours, and is trading at $3,921 at press time. The major cryptocurrency has seen small volatility over the day, having dipped to as low as $3,901, while the intraday high reached $3,946 as of press time. Bitcoin 24-hour price chart. Source: CoinMarketCap Ethereum (ETH), the second top cryptocurrency by market capitalization, has gained 0.30 percent over the day, trading at $133.68 at press time. The major altcoin saw its highest price point over the week on March 8, reaching $139.37, with a weekly low of $131.65. Ethereum co-founder Vitalik Buterin said yesterday that blockchain applications outside of finance face more difficulty gaining traction, as th..

Ethereum Has More Than Twice as Many Core Devs per Month...

Ethereum has the most developers working on its base protocol of all cryptocurrencies, not counting community project developers. Ethereum (ETH) has the most developers working on its base protocol of all cryptocurrencies, not counting community project developers, according to a report by crypto asset management firm Electric Capital. The report was published in a Medium post on March 7. Per the post, the company fingerprinted over 20,000 code repositories and 16 million commits to obtain data, which reveals that on average 216 developers contribute code to ETH repositories every month. The company also specifies that this data “is undercounting the number of Ethereum developers since we do not include ecosystem projects like Truffle.” Bitcoin (BTC), the largest of all cryptocurrencies by market capitalization, has a healthy developer base as well, averaging over 50 developers per month. The report specifies that this data does not include ecosystem projects. An even more restrictive..

Bitcoin Mining Revenue Begins Slow Recovery After 18-Month Lows, New Report...

Diar finds that signs of recovery follow dips in mining revenue to their lowest since August 2017. Bitcoin (BTC) mining revenues have begun climbing after falling to their lowest levels in 18 months, statistics from cryptocurrency industry newsletter Diar confirmed Mar. 4. Capping a troubling year for miners, February saw revenue drop to amounts not seen since August 2017 — when Bitcoin was at the start of its most recent bull run. Mining income totalled $195 million in February 2019, down from $210 million in January and a fraction of the $951 million all-time highs seen at the height of the bull run in December 2017. “To make matters slightly more difficult, miners running optimal equipment and who have secured wholesale electricity prices have seen their gross margins squeezed requiring a massive deployment of hash power in order to stay afloat,” Diar added. As Cointelegraph reported, the last two months of 2018 were not financially beneficial for miners. A sudden price downturn of..

Value of Bitcoin Shorts Drops to 6-Month Low: Bitcoin is really...

The crypto markets are booming once again; prices are up since the weekend and bitcoin is testing the $4,000 mark for the first time since January. The top cryptocurrencies remain green and fewer people are betting against bitcoin at this time—and literally so too. According to data from Bitfinex, the value of funds in short positions against the premier cryptocurrency reached its lowest point in the last 6 months on Tuesday. When investors place short positions (or short bets) on an asset like bitcoin, they stand to profit when there is a drop in the price of the asset. As at 13:00 UTC on Tuesday the value of funds held I these BTC shorts fell to 18,888 BTC, the lowest ever since August 4. 2018. The surprising bull run in the cryptocurrency market must have influenced investors to exit short positions they held against the BTC. The value of bitcoin shorts dropped by at about 30 percent since in the course of the day as bitcoin added about 10 percent in price. More Confidence in the..
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