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20 hours ago

S&P Dow Jones Indices to launch cryptocurrency indexes in 2021

S&P Dow Jones Indices, a division of financial data provider S&P Global Inc, said on Thursday that it will launch cryptocurrency indices in 2021, making it the latest major finance company to enter the nascent asset class. The S&P DJI-branded products will use data from New York-based virtual currency company Lukka on more than 550 of the top traded coins, the companies said. S&Pā€™s clients will be able to work with the index provider to create customized indices and other benchmarking tools on cryptocurrencies - source: Reuters 

#Cryptocurrencies
S&P Dow Jones crypto index

1 day ago

Is a Bitcoin liquidity crisis brewing?
Bitcoins held on spot exchanges keep declining. The current re-accumulation phase coincides with a spot market inventory depletion which is roughly 2x longer and deeper than the last cycle - source: Moritz Wietersheim
#Cryptocurrencies
Bitcoins held on spot exchanges

3 days ago

Chart of the day: Bitcoin (BTC), a log chart perspective

Source: Trading View 

#Cryptocurrencies
Bitcoin chart

3 days ago

Software company Microstrategy (MSTR) as a Bitcoin (BTC) proxy

Microstrategy (MSTR), a software company specialized in maintenance systems and Business intelligence applications is becoming a play on Bitcoin (BTC). Indeed, Michael Saylor, the CEO, disclosed mid-September that he invested a very large part of the company's cash buffer into Bitcoin. The company bought 38,250 bitcoins with an average price of $11,000. With Bitcoin hitting record high today, this means that nearly $800 million are invested into Bitcoin, which is a fairly large amount for a market cap of $2.5 billion. Consequently, the stock is now seen as a Bitcoin proxy which explains the recent surge including today 20%+ gain. Source: www.investing.com 

#Stocks #Cryptocurrencies
Microstrategy (MSTR) chart

3 days ago

Bitcoin hits a record high !

BTC has fully recovered its Thanksgiving sell-off and has now made a new record high - seemingly on the back of news that ex-Fed Chair Janet Yellen will be the next Treasury Secretary

#Cryptocurrencies
Bitcoin hits a record high !

6 days ago

An "outrageous" chart: Grayscale Litecoin Investment Trust is trading at a 5,874% premium to NAV...

Very interesting chart by Charlie Bilello: the Litecoin Investment Trust ($LTCN) just may be the craziest thing you will ever see. The trust closed on Tuesday at $500 per share while the current value (NAV) of its underlying holdings (Litecoin, a cryptocurrency) is $8.37 per share (see the flat line on the bottom of the chart). That means someone bought the trust at $500, paying a 5,874% premium above what the Litecoin assets in the trust were worth...(source; Compound, Charlie Bilello, Y charts)  

#Cryptocurrencies
Grayscale Litecoin Trust vs. Litecoin (the underlying cryptocurrency)

7 days ago

Bitcoin Wealth distribution: 4.11% of addresses own 96.53% of BTC

Meanwhile, 95.89% of addresses own 3.47% of Bitcoins (in red). Maybe Bitcoin is not that decentralized after all? Source: Howmuch.net 

#Cryptocurrencies
Bitcoin wealth distribution

7 days ago

Bitcoin technicals: what's next after the huge candle?

Liquidity is coming back to markets so let's see how things will develop as charting parabolic moves is very hard. Note that the 50 day at 14500, 100 day at 12700 and 200 day at 11295 are the key support levels to watch - source: The Market Ear, Refinitiv 

#Cryptocurrencies
Bitcoin (BTC) chart

8 days ago

MUST READ: Coinbase CEO explains how Trump team is crushing #crypto hopes with new wallet scheme

Read below to see why Bitcoin is down over 10% today

#Cryptocurrencies
MUST READ: Coinbase CEO explains how Trump team is crushing crypto hopes with new wallet scheme

8 days ago

Bitcoin rollercoaster! BTC is crashing - down $2k in hours

The Bitcoin rollercoaster has gone all the way up and now it's coming down fast on the other side - we can expect some more twists and turns!

#Cryptocurrencies
Bitcoin rollercoaster! BTC crashes over $2k in hours
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