Many traders entering cryptocurrency markets from traditional finance may look to derivatives as vehicles for price speculation and hedging. There are plenty of choices when it comes to exchanges and instruments; however, traders should consider a few key differences between crypto futures and traditional futures before dipping a toe into this rapidly growing . . . → Read More: Cryptocurrency: The future of futures?

Perpetual contracts, also known as inverse swaps, have an embedded rate usually charged every eight hours. This fee ensures there are no exchange risk imbalances. 

Even though buyers’ and sellers’ open interest is matched at all times, leverage can vary, and when buyers (longs) are demanding more leverage, the funding rate turns positive. Thus, . . . → Read More: Crypto traders say negative funding rates are buy signals, but are they?

Bitcoin (BTC) fell precipitously on Friday after a rejection above $35,000 sparked a rout toward familiar support.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin heads back toward $30,000

Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it shed over $2,500 during trading on Friday.

The pair had hit local highs of . . . → Read More: Bitcoin sheds $2.5K amid warnings of a repeat BTC price dip

The Bank of Tanzania is reportedly working to overturn its ban on crypto amid favorable cryptocurrency comments made by the country’s president.

According to Reuters, Tanzania’s central bank has begun working on directives from the country’s federal government that could see a reversal of its November 2019 crypto ban.

As previously reported by . . . → Read More: Tanzania central bank may rescind crypto ban after presidential endorsement

As Bitcoin’s (BTC) price failed to hold its breath above $35,000 on Thursday, JPMorgan expects an overall bearish movement below the critical price level based on the BTC-to-gold volatility ratio. 

In a note sent to investors on Wednesday, JPMorgan detailed its reasoning to see the fair value of Bitcoin between $23,000 and $35,000 . . . → Read More: Institutions have no appetite for Bitcoin at this price level: JPMorgan

The world’s first regulated Bitcoin (BTC) exchange-traded fund (ETF) actually benefited from the recent price dip, data shows.

As on-chain analytics service Glassnode noted on Thursday, the Purpose Bitcoin ETF continued to add to its assets under management throughout the second half of May.

Purpose ETF crosses 20,000 BTC

In an unusual success story . . . → Read More: World’s first Bitcoin ETF adds $3M per day throughout BTC price dip

The president of El Salvador has announced the government will airdrop $30 worth of Bitcoin (BTC) to every adult citizen of the country.

The announcement was welcomed by Bitcoiners, with influencers speculating that El Salvador’s government will need to purchase the required BTC it intends to distribute adding more than $100 million in . . . → Read More: El Salvador to airdrop $30 in Bitcoin to every adult citizen

Bitcoin (BTC) is on a “lower left to upper right trend” and its volatility should not scare investors, the former head of the New York Stock Exchange says.

In an interview with CNBC on June 23, Thomas Farley revealed long-term convictions about Bitcoin and dismissed concerns over BTC price losses.

Bitcoin: Going up, . . . → Read More: Bitcoin in uptrend but BTC may never beat gold’s $10T market cap — ex-NYSE head

New York Digital Investment Group (NYDIG) has partnered with Q2, a firm specializing in providing digital services to financial institutions, to provide access to Bitcoin (BTC) for bank account holders in the United States.

According to a release issued on Wednesday, the partnership will potentially open up Bitcoin buying, selling and custody channels . . . → Read More: NYDIG and Q2 partner to enable Bitcoin trading for 18M US bank customers

Major crypto wallet provider Blockchain.com is integrating with Unstoppable Domains to simplify sending crypto funds for its customers.

Unstoppable Domains announced Thursday that it had integrated native support for Blockchain.com, enabling that latter’s 32 million verified users to send funds with a username instead of a full-length crypto wallet address.

The initiative aims . . . → Read More: Blockchain.com introduces username-based crypto transactions

Gemini, a major cryptocurrency exchange founded by Cameron and Tyler Winklevoss, is responding to Bitcoin’s (BTC) environmental issue by purchasing carbon credits. 

On Thursday, the company announced its long-term initiative to incorporate climate-conscious measures into its business, launching a collaboration with Climate Vault, a nonprofit founded at the University of Chicago.

Through the initiative, . . . → Read More: Winklevoss’ Gemini buys carbon credits to cut Bitcoin’s CO2 footprint

Within the same month, talk of the United States’ budding capital of crypto has seemingly shifted its center from Miami to New York City.  June opened with feverish excitement about the largest Bitcoin (BTC) event in history being hosted in Miami, and the city’s mayor, Francis Suarez, has taken a series of steps to strengthen his . . . → Read More: NYC’s mayoral frontrunner pledges to turn city into Bitcoin hub

A recent upswing in the price of Bitcoin (BTC) following a nail-biting price crash below $30,000 this Tuesday has activated a classic financial model’s bullish outlook on the cryptocurrency.

Titled Wyckoff Method, created by Richard D. Wyckoff in 1888, the model attempts at navigating financial market trends based on the relationship between assets’ supply and . . . → Read More: Bitcoin bounce from $28.8K activates century-old financial model’s bullish thesis

Blockchain technology promises to provide humanity and freedom with the rise of Web 3.0, a truly decentralized internet. Some even argue that the significant rise of the decentralized finance (DeFi) sector has become an important symptom of the conceptual shift from centralized services to decentralized ones, with Web 3.0 being its cornerstone. 

. . . → Read More: Will regulation adapt to crypto, or crypto to regulation? Experts answer

Bitcoin (BTC) maintained $34,000 support on Wednesday as a rebound from six-month lows showed surprising resilience.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin bulls see 2020 similarities

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD stabilizing on Wednesday after a day of unnerving volatility.

At the time of writing, Bitcoin was approaching . . . → Read More: Bitcoin holds $34K as Bloomberg likens $30K support to $4K in 2020 BTC price crash

Chinese mining giant Bitmain is reportedly scrambling to respond to market conditions amid a major crackdown on crypto mining activity by local authorities.

According to a Wednesday report by Chinese news agency Sina Finance, Bitmain has halted global spot sales for its new Bitcoin (BTC) mining devices in order to avoid losses by . . . → Read More: Bitmain reportedly suspends Bitcoin miner orders amid booming secondhand supply

The downward trend in Bitcoin’s (BTC) price following its April all-time high might be worrying for first-time investors. Still, CoinShares chief strategy officer Meltem Demirors believes that most of the long-time holders are not selling, and this is a correction to weed out panic sellers. 

Speaking to CNBC, Demirors underscored that Bitcoin is here . . . → Read More: Hodlers see opportunity in Bitcoin price crash, CoinShares exec says

Amid Bitcoin’s (BTC) drop to six-month lows below $30,000 on Tuesday, a Norwegian financial regulator warned investors that the cryptocurrency industry is largely unregulated in the country.

The Financial Supervisory Authority of Norway, or Finanstilsynet, published June 22 a statement on consumer protection of crypto investors, emphasizing that the authority currently does not . . . → Read More: Norwegian FSA sees urgent need for crypto investor protection

Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an adjunct professor at Florida International University College of Law, where he teaches a course on “Blockchain, . . . → Read More: Powers On… El Salvador is the unlikely leader for sovereign adoption of Bitcoin as national currency

John Paller is training a new generation of blockchain workers and giving them the tools to live free from the chains of full-time employment.

After a chance conversation with a “Russian dude” wearing a weird T-shirt at a 2014 conference — Vitalik Buterin’s father, Dmitry — John Paller’s life was transformed by . . . → Read More: Rescuing crypto workers from terrible US job conditions: John Paller

Bitcoin (BTC) fell under $30,000 on Tuesday as the latest BTC price dip took the largest cryptocurrency below a significant “line in the sand.”

BTC/USD 1-minute candle chart (Bitstamp). Source: TradingView Bitcoin beats May price bottom

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD crashing through $30,000 support, shedding 6% in an hour and . . . → Read More: Bitcoin drops below $30K to 6-month lows: Watch these next price support levels

In a recent interview with Lex Fridman, Charles Hoskinson, the founder of Cardano and co-founder of Ethereum offered his views on Bitcoin. The 33-year-old was less than complimentary, calling it “slow” and in desperate need of an upgrade. Hoskinson also took issue with the recent Bitcoin conference in Miami, comparing the whole thing . . . → Read More: If the peer review system is broken, what the hell is the point of Cardano’s reliance on it?

Amid the ongoing crackdown on cryptocurrency mining in China, prices of graphic cards from major GPU providers like Nvidia and Asus are becoming more affordable. 

According to a Monday report by South China Morning Post (SCMP), prices of some graphic cards have tumbled as much as two-thirds on Chinese e-commerce platforms after Sichuan . . . → Read More: Nvidia GPU prices in China fall amid crypto mining crackdown

El Salvador recently added Bitcoin as legal tender. In barely over a decade, an open-source, cypherpunk, radically new money system, with no publicly known creator and open to participation in both using and building from anyone in the world, has gone from zero value and branded as a tool for criminals to now . . . → Read More: El Salvador adopting Bitcoin could make it lose market dominance

MicroStrategy has bought even more Bitcoin (BTC) despite the current price struggles for the largest crypto by market capitalization.

According to an announcement on Monday, the business intelligence firm purchase 13,005 BTC at an average price of $37,617 for a combined total of about $489 million.

Monday’s report takes MicroStrategy’s Bitcoin balance sheet . . . → Read More: MicroStrategy expands company’s Bitcoin holdings with $489M purchase

Bitcoin (BTC) bulls should look for a cover, at least as far as chart technicals are concerned.

The flagship cryptocurrency continued its price declines into the new weekly session, hitting $32,105 ahead of the London opening bell following an approximately 10% intraday drop. In doing so, it raised the prospect of retesting its quarter-to-date . . . → Read More: Classic bearish chart pattern forms for Bitcoin as BTC price tumbles to $32K

Bitcoin (BTC) could trade at an eye-watering $450,000 by the end of 2021, while $135,000 would be the “worst case scenario.”

That’s according to analyst PlanB, who on June 20 released his latest sentiment-busting bullish BTC price prognosis.

Bitcoin to match all-time high in October

Well known as the creator of the stock-to-flow Bitcoin . . . → Read More: Bitcoin price can hit $450K in 2021, $135K is ‘worst-case scenario’ — PlanB

Bitcoin (BTC) dropped to local lows of $33,750 on June 20 as fears over weak support levels proved to be well founded. 

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD swiftly dropping below $34,000 on Sunday after choppy behavior at the start of the weekend.

A comedown from . . . → Read More: Bitcoin price dips below $34K as day of Grayscale’s giant BTC unlocking draws near

As nonfungible token (NFT) art continues to develop as an industry, a new trend is quickly emerging: physical NFT galleries featuring digital, nonfungible pieces of unique artwork. Most recently, the largest Bitcoin (BTC) event in history — the Bitcoin 2021 conference — featured a peer-to-peer pop-up NFT art gallery with artwork from over 30 . . . → Read More: NFT art galleries: Future of digital artwork or another crypto fad?

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Top Stories This Week Hawkish Fed comments push Bitcoin price and stocks lower . . . → Read More: Bitcoin under threat, El Salvador rejected, Mark Cuban stung, McAfee ‘has nothing’: Hodler’s Digest, June 13–19

Bitcoin (BTC) and the wider financial markets faced a new wave of selling on June 18 following comments from James Bullard, the president of the United States Federal Reserve Bank of St. Louis, indicating that he expects the first interest rate increase to happen in late 2022. 

Bullard’s comments were even more hawkish than . . . → Read More: Hawkish Fed comments push Bitcoin price and stocks lower again

On June 18, Bitcoin (BTC) and traditional markets faced another day of downward pressure comments from the United States Federal Reserve about the possibility of raising interest rates sooner than expected has led to a spike in the price of the U.S. dollar at the expense of risk assets and treasury notes. 

The Fed . . . → Read More: Bulls hesitate to buy the dip after Bitcoin price falls close to $35K

Cryptocurrency has gone through a number of bull and bear cycles since the industry’s inception in 2009. While 2017 saw the crypto industry boom around initial coin offerings and a rising Bitcoin (BTC) price, 2020 and 2021 have seen the crypto space expand around decentralized finance (DeFi) and nonfungible tokens (NFTs). This time . . . → Read More: Crypto company CEO says the recent crypto boom brought increased adoption

Goldman Sachs has debuted a Bitcoin (BTC) futures trading product for its client in collaboration with crypto investment giant Galaxy Digital.

According to CNBC, the move marks the first time the Wall Street bank has partnered with a digital asset-based liquidity provider. Galaxy Digital co-president Damien Vanderwilt said the company offered a gateway . . . → Read More: Goldman Sachs to offer Bitcoin futures trading in partnership with Galaxy Digital

Bitcoin (BTC) broke below $37,000 during trading on June 18 in the latest short-term bearish sign for hodlers.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Buyers no match for BTC bears

Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it hit new local lows of $36,540 on Bitstamp. 

After repeatedly testing the $37,000, . . . → Read More: Bitcoin price falls below $37K amid little hope of a definitive weekend bounce

Bitcoin (BTC) is an uncorrelated asset, or so the narrative used to go. For much of Bitcoin’s lifetime, it existed as something of value to a very small group of people. Now, awareness and demand are accelerating rapidly. So, what does this mean for the status of BTC as a supposedly uncorrelated asset? 

That . . . → Read More: Joining the ranks: Bitcoin’s correlation with gold and stocks is growing

China’s crackdown on Bitcoin (BTC) mining may have unintended benefits for BTC price action, one analyst suggests.

In a tweet on June 18, Charles Edwards, CEO of investment firm Capriole, argued that the Chinese miner exodus was already lowering Bitcoin’s potential price floor.

Don’t believe the China FUD

As a shake-up sees Bitcoin hashing . . . → Read More: Chinese Bitcoin mining shakeout may have surprise BTC price consequences — analyst

Banco Bilbao Vizcaya Argentaria (BBVA) — Spain’s second-largest bank — is set to offer Bitcoin (BTC) trading and custody services in Switzerland.

According to a release issued on Friday, BBVA Switzerland will begin Bitcoin trading for all private banking clients interested in crypto assets from June 21.

This initial crypto trading service isonly . . . → Read More: Banking giant BBVA debuts Bitcoin trading and custody for Swiss clients

Bitcoin (BTC) edged closer to $38,000 support on June 17 as comments from the United States Federal Reserve sparked a mass sell-off for gold.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin escapes gold’s fate

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it bounced at $38,400 during Thursday, failing to regain $39,000 . . . → Read More: Bitcoin slips below $39K as Fed sends gold to 6-week lows

For much of its life, Bitcoin (BTC) has been viewed mainly as a speculative financial instrument, but El Salvador’s dramatic move in making BTC a legal tender is a reminder that cryptocurrencies can play a role in uplifting the world’s less-well-off citizens.

Two surprising facts emerged on the global stage at the start . . . → Read More: An asset for all classes: What to expect from Bitcoin as a legal tender

Ric Edelman, founder of financial advisory outfit Edelman Financial Engines, described Bitcoin (BTC) and crypto assets as a “completely new and different asset class” that has nothing in common with mainstream staples like stocks, bonds, real estate, oil, or commodities, to mention a few.

Speaking to Yahoo Finance on Wednesday, the financial adviser . . . → Read More: Bitcoin first ‘genuinely new asset class’ in 150 years, says Ric Edelman

The United States’ National Republican Congressional Committee — the body responsible for coordinating Republican electoral efforts — is introducing donations in cryptocurrencies like Bitcoin (BTC).

The NRCC announced Wednesday on Twitter that the committee will begin accepting crypto donations for election campaigns, sending its fundraising efforts “to the moon.”

https://t.co/aIisNV5BiD pic.twitter.com/F9ktKFfHAq

. . . → Read More: US Republican Party’s election arm to accept cryptocurrency donations

There’s never a dull day when it comes to crypto as was exemplified recently when the digital asset market dipped by around 50%, eventually taking the total capitalization from its all-time high of $2.5 trillion to around $1.7 trillion. 

As was expected, in the wake of all this turbulence, Michael Saylor-led business intelligence . . . → Read More: Bullish all the way? MicroStrategy doubles down on its Bitcoin bet

Bitcoin (BTC) wobbled around $40,000 as investors waited for the United States Federal Reserve to release its new set of economic projections on Wednesday.

The market’s focus shifted to two important questions: Will United States central bank officials signal their intentions to raise interest rates in 2023 instead of 2024? And how much do . . . → Read More: Looming ‘death cross’ may put Bitcoin bull run in danger ahead of Fed meeting

Twitter CEO and crypto proponent Jack Dorsey has highlighted the efforts of a lobby group pushing the Ethiopian government to embrace Bitcoin (BTC).

In a Wednesday tweet, Dorsey shared a Twitter thread from Project Mano, an Ethiopian-based lobbying group that is trying to get the government to consider mining and storing Bitcoin.

. . . → Read More: Jack Dorsey notes lobbying efforts to get Ethiopian gov’t to embrace Bitcoin

Bitcoin (BTC) investors continue to hodl BTC at $40,000, even if they bought it at lower levels earlier in 2021.

In the latest edition of its newsletter, “The Week On-Chain,” on Monday, on-chain monitoring resource Glassnode revealed that buyers from the first months of this year’s bull market are refusing to cash out.

“Very young” . . . → Read More: New Bitcoin bull market hodlers are refusing to sell at $40K, data suggests

The token prices of Shiba Inu (SHIB) and Chiliz (CHZ) jumped 33% and 26%, respectively, on Wednesday, following the announcement of the pair’s listing on Coinbase Pro.

Inbound transfers for Shiba Inu and Chiliz were announced alongside Keep Network (KEEP) by Coinbase Pro on Tuesday. Trading is set to begin on Thursday, assuming . . . → Read More: Shiba Inu and Chiliz jump 33% and 26% on Coinbase Pro listings

When Tesla CEO Elon Musk revealed his company’s Bitcoin (BTC) exposure and announced the launch of crypto payments, BTC took off to reach its all-time high. Shortly thereafter, however, Musk started tweeting about concerns over BTC’s environmental impact and Tesla reversing its crypto payments policy, leading to Bitcoin losing half of its value . . . → Read More: Crypto’s fraught relationship with Elon Musk: Ambassador or liability?

A Russian State Duma member has blasted the central bank’s tough stance on the cryptocurrency industry for ignoring the growing demand for crypto in the country.

Fedot Tumusov, a member of the “A Just Russia” party representing the Siberian region of Yakutsk, has criticized the Bank of Russia’s approach to regulating the crypto . . . → Read More: Russian central bank ‘short-sighted’ regarding crypto, lawmaker says

A new survey of 100 chief financial officers at hedge funds worldwide has indicated that the sector is planning a significant increase in its exposure to crypto assets in the near term.

The survey, conducted by Intertrust, suggests that if the respondents’ forecasts were broadly mirrored across the sector, assets in crypto held . . . → Read More: Within five years, US hedge funds expect to hold 10.6% of assets in crypto

Bitcoin (BTC) has already hit its price bottom, one of the industry’s top executives believes as BTC price action stays above $40,000.

In a tweet on Monda, Jurrien Timmer, director of global macro at U.S. multinational financial services corporation Fidelity Investments, called time on any further Bitcoin price dips.

Bitcoin bulls increase confidence

BTC/USD maintained . . . → Read More: Bitcoin price bottom is in, says Fidelity exec as crypto market exits ‘extreme fear’

Despite Bitcoin (BTC) and the wider cryptocurrency market experiencing one of its worst crashes in recent memory, investors are apparently more bullish than ever regarding the future fortunes of Bitcoin and a host of altcoins.

That’s according to the results of a Q2 retail investment survey conducted by crypto firm Voyager Digital, . . . → Read More: Bitcoin investors more bullish than ever despite 50% price crash: Survey

Bitcoin (BTC) passed $40,000 on June 14 as a consolidation period snapped to unleash a solid breakout.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price breaks out past $40,000

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining 3% in under an hour, reaching $40,600 on Bitstamp.

The largest cryptocurrency capitalized on the . . . → Read More: Bitcoin price hits $40K as Paul Tudor Jones slams Fed inflation claims

Institutional Bitcoin (BTC) investors are in the spotlight as an upcoming major cashout date sparks talk of fresh price volatility.

As noted by popular Twitter commentator Loomdart and others this week, attention is focusing on buyers and sellers of the Grayscale Bitcoin Trust (GBTC) as Bitcoin hovers near $40,000.

July means BTC price volatility . . . → Read More: Bitcoin sell pressure may hit zero in July thanks to Grayscale’s giant 16K BTC unlocking

A run-up toward $40,000 in the Bitcoin (BTC) market risked exhaustion as Chicago Mercantile Exchange’s futures opened on Monday with a gap of $1,575, the first since May 17.

In retrospect, the downside risks heightened due to Bitcoin’s recent bearish pullbacks near the $40,000 level. Atop that, the said CME gap formed between Friday’s . . . → Read More: Bull trap fears engulf Bitcoin market as BTC paints CME gap below $40K

South Africa’s financial regulators are laying the groundwork for the “phased and structured” regulation of cryptocurrencies. The move presents a reversal of the largely hands-off approach taken for the past seven years and has been driven by increasingly high levels of retail interest in crypto in the country.

In a position paper published . . . → Read More: South Africa to revise national policy position on cryptocurrency

The United States’ largest cryptocurrency exchange, Coinbase, is reportedly setting up its first office in New York. The Nasdaq-listed cryptocurrency exchange has allegedly subleased 30,000 square feet from Steven Cohen’s investment firm Point72 at Related Companies’ 55 Hudson Yards in New York, the New York Post reported on Sunday.

Citing sources from a real estate . . . → Read More: Coinbase is reportedly looking to set up office in New York

It’s fun to talk about nonfungible tokens, or NFTs, because they are the perfect example of how the impact of blockchain technology in people’s lives goes way beyond the financial market. As we could see in hundreds of headlines in the past few months, they have gripped the world’s attention because they are a . . . → Read More: How the NFT market leveraged blockchain tech for explosive growth

From QR code payments to mobile banking apps, consumers worldwide are increasingly reliant on digital payment solutions, especially as mobile technology becomes more ubiquitous. Government-led efforts in driving cashless economies have been a key factor, with countries such as Singapore or the Philippines seeing their central banks driving the adoption of contactless payments . . . → Read More: Crypto is the next step toward a cashless society

Bitcoin (BTC) is still below a key moving average and that is “not a bullish sign,” says a new report, but signs of a rebound have finally arrived.

In its latest market update released on June 11, trading suite Decentrader highlighted three on-chain indicators calling for an imminent bullish continuation for BTC/USD.

Indicators echo . . . → Read More: Bitcoin price could hit $85K in months as indicators flip bullish — report

Decentralized finance came to life with the inception of Ethereum in 2013. However, it truly hit the ground running in 2016–2017 with the backing of Ethereum developers and some entrepreneurs and experts in the financial investment sphere. To get our facts right and clear all misconceptions, DeFi encapsulates a variety of financial applications . . . → Read More: DeFi will bring global revolution to the traditional finance space

Bitcoin’s (BTC) succession of sharp corrections from its all-time high at $64,900 has turned investor sentiment negative, at least for the short-term. While some analysts believe the bottom may have been hit, others are warning of a further fall due to the “Death Cross” pattern that, at the time of writing, is on the . . . → Read More: Here’s how Bitcoin’s impending death cross could be a contrarian buy signal

This year, stocks like the movie theater chain AMC Entertainment and video game retailer GameStop (GME) have been the vehicle for individual retail traders to show their dissent against the so-called “free market.” 

Starting in late January and driven by sentiment from Reddit communities such as r/Wallstreetbets, these meme stocks have seen enormous . . . → Read More: GME and AMC stock surge may impact crypto meme coins, BTC not so much?