Markets

Bullish Sentiment for Bitcoin As Long Bets Near 11-Month Highs

Bullish bets on bitcoin, the world’s largest cryptocurrency by value, reached 11-month highs on Monday.

Bitcoin’s high-volume move to one-month highs could be the start of a stronger rally to above key resistance near $3,760.

Identifying speculative bubbles or bearish exhaustion may be possible through the use of a fairly new metric known as the Mayer Multiple.

Ethereum-based cryptocurrency Maker is outperforming the broader markets with a 37 percent gain on a month-to-date basis.

There is a dichotomy between theory and practice of what fundamental demand indicators should be driving the price of ether.

Daily trading volume on the recently launched tZERO platform is less than 1% the total supply of the only listed security token.

The clock just started on the latest effort to launch a bitcoin ETF from NYSE Arca and Bitwise Asset Management.

Bitcoin’s six days in the doldrums has weakened the bull case in the short term, leaving a target of $3,700 for a resumed rally.

The largest US-based cryptocurrency exchange Coinbase has allowed its users to withdraw BSV three months after the hard fork.

A long-term price indicator validates a growing consensus among investors that bitcoin is close to bottoming out.