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Bitcoin's new floor is $30,000 as 50% rout destroys old supportsThe world’s largest digital asset is mired in its sixth straight day of declines, with the token down roughly 20% over the past seven days....
Bitcoin derivatives that cost $1 million will soon be worthlessWhen the options were purchased, bitcoin price was trading at about $16,200 level.
Bitcoin storms back from dip below $10,000 in white-knuckle rideThe gyrations took the digital token across a trading range of more than $2,600 over 18 hours.
Do you know? 40% of bitcoin is held by 1,000 users and they’re becoming a worry for investorsMany of the large owners have known one another for years and stuck by bitcoin through the early days.
The next big short: Hedge funds prepare to trade against bitcoinThe bitcoin prices have gained millions of per cent since it started trading in 2010.
To break YouTube’s stranglehold on video, rival bets on cryptocurrenciesYouNow, which will hold onto about a quarter of the total supply of the tokens, stands to profit as the value of the coins appreciate.
Bitcoin growing up as futures open floodgates to Wall StreetWith availability of futures contracts, it will be easier to sell bitcoin short, betting on declines.