Bitcoin Soars 50% So Far in 2020: Will the Momentum Continue?

Bitcoin Soars 50% So Far in 2020: Will the Momentum Continue?

Back in early 2019, Bitcoin went on a remarkable rally, and many believed that the cryptocurrency could eventually reach the dizzying highs it had hit in 2017. However, after the first half of the year, the rally fizzled out. The world’s biggest cryptocurrency has again gone on a remarkable rally over the past few days, and while BTC investors must be happy, some must be wondering whether this is another flash in the pan. Many…

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CME Sees Second-Best Month for Bitcoin Futures Trading

CME Sees Second-Best Month for Bitcoin Futures Trading

January was the second-best month for CME’s Bitcoin futures trading since its 2017 launch, averaging 10,800 contracts, 69% greater than the average daily volume in 2019. Last month also saw new options on Bitcoin futures picking up pace. Since launch, 466 options contracts, or 2,300 equivalent Bitcoin, have traded—nearly 40% as blocks, showing signs of institutional interest, CME said. It also registered a record monthly average of 56 large open interest holders (entities that hold…

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Ethereum (ETH) Almost Doubled This Year: Here are the Major Triggers

Ethereum (ETH) Almost Doubled This Year: Here are the Major Triggers

When Bitcoin was in the middle of its stunning rally last year, Ethereum failed to catch any of this, but things have been quite different this year. It is the second-biggest cryptocurrency in the world by market cap, and over the last few weeks, it has left most of the wider market in the dust. While the rally must come as a welcome boost for ETH holders, it is perhaps also important to figure out…

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