Tag: crypto investors

Bitcoin Traders Set Sights on $30,000 Even as Momentum Wanes
2Mar By adminNo Comments
Technology

Bitcoin Traders Set Sights on $30,000 Even as Momentum Wanes

[ad_1] Crypto investors are scooping up call options betting on a Bitcoin rebound to $30,000, even as momentum in the digital-asset market stalls. Bitcoin options open interest rose in February to $9 billion, according to Bloomberg Intelligence's Jamie Coutts, who cited Glassnode data. The last time it was at this level, the coin had been trading around $45,000, whereas it's currently hovering around $23,700. It's the largest 14-day rate of change in its history, and is a record high when measured as a percentage of market cap, he said. “Too much leverage has been funneled into this asset in the short-term,” Coutts tweeted. Bitcoin advanced 2.5% as of 10:15 a.m. in London on Wednesday. Meanwhile, most of the open interest is made up of calls with a $30,000 strike price, meaning ...
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Crypto Is ‘Effectively Nonexistent’ for Big Institutions, JPMorgan’s Gross Says
24Dec By adminNo Comments
Technology

Crypto Is ‘Effectively Nonexistent’ for Big Institutions, JPMorgan’s Gross Says

[ad_1] Money managers who have avoided the many ups and downs of cryptocurrencies may be feeling relieved for having done so, according to a senior investment strategist at JPMorgan Asset Management. Money managers who have avoided the many ups and downs of cryptocurrencies may be feeling relieved for having done so, according to a senior investment strategist at JPMorgan Asset Management. “As an asset class, crypto is effectively nonexistent for most large institutional investors,” Jared Gross, head of institutional portfolio strategy at the bank, said on this week's episode of Bloomberg's “What Goes Up” podcast. “The volatility is too high, the lack of an intrinsic return that you can point to makes it very challenging.” In the past, there used to be some hope that Bitcoin coul...
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Bitcoin Sinks Further 70% in Standard Chartered List of Possible 2023 Upsets
5Dec By adminNo Comments
Technology

Bitcoin Sinks Further 70% in Standard Chartered List of Possible 2023 Upsets

[ad_1] Speculators cleaving to the view that the crypto rout is mostly over are at risk of a rude awakening in 2023, according to Standard Chartered. Speculators cleaving to the view that the crypto rout is mostly over are at risk of a rude awakening in 2023, according to Standard Chartered.A further Bitcoin plunge of about 70% to $5,000 next year is among the “surprise” scenarios that markets may be “under-pricing,” the bank's Global Head of Research Eric Robertsen wrote in a note on Sunday. Demand could switch from Bitcoin as a digital version of gold to the real thing, spurring to a 30% rally in the yellow metal, Robertsen also said. This possible outcome involves a reversal in interest-rate hikes as economies struggle and more crypto “bankruptcies and a collapse in investor confid...
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U.S. authorities asking FTX investors for information on firm and Sam Bankman-Fried
3Dec By adminNo Comments
Technology

U.S. authorities asking FTX investors for information on firm and Sam Bankman-Fried

[ad_1] U.S. authorities are asking crypto investors and trading firms who worked closely with FTX to hand over information on the company and its key figures. U.S. authorities are asking crypto investors and trading firms who worked closely with FTX to hand over information on the company and its key figures including Sam Bankman-Fried and Caroline Ellison, Bloomberg News reported on Thursday. The U.S. Attorney's Office for the Southern District of New York recently sent out a series of requests, asking recipients to hand over information on a list of FTX employees and associates, the report said, citing people familiar with the case. Attorneys from the U.S. Securities and Exchange Commission's enforcement division also sent similar requests for information to companies that inve...
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Bitcoin Price Today Slips as a Wave of Investor Angst Saps Global Markets
28Sep By adminNo Comments
Technology

Bitcoin Price Today Slips as a Wave of Investor Angst Saps Global Markets

[ad_1] The gloom enveloping global markets pushed cryptocurrencies including Bitcoin price lower today. The gloom enveloping global markets pushed cryptocurrencies including Bitcoin price lower on today.The largest token fell as much as 3.1% to a near one-week low and was trading around $18,700 as of 12:45 p.m. in Tokyo. Ether and most other major coins also posted losses. Stocks, bonds and commodities are swooning under a noxious mix of sharp interest-rate hikes, high inflation and a dim economic outlook. A dollar gauge is at a record amid demand for a haven from the maelstrom. If there's any consolation for crypto investors, it's that other assets are breaching major markers whereas Bitcoin is still roughly 6% above June lo...
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