Bitcoin

Posted on | by Leon Hinde | Leave a Comment on Bitcoin

Bitcoin surpassed its November 2021 record high on Tuesday as demand for the token continued to be filed by excitement over spot bitcoin ETFs and the April halving event. Our Algo Engine generated a buy signal in January and the holding is up 71% after 47 days.

The red arrow suggests we’re nearing a short-term peak and traders may look at hedging any long exosure on a downturn in the price momentum.

Bitcoin +37%

Posted on | by Leon Hinde | Leave a Comment on Bitcoin +37%

Bitcoin resumes its rally, ripping through $54,000 for the first time since December 2021. A net of $US5.6 billion ($8.57 billion) has poured into a batch of landmark Bitcoin ETFs that began trading in the US on January 11, signaling a widening of demand for the token beyond committed digital-asset enthusiasts. An upcoming reduction in the token’s supply growth, the halving, adds to the optimistic sentiment.

Following the recent Algo Engine buy signal, BTC is up 37% in 35 days.

Bitcoin & Ether

Posted on | by Leon Hinde | Leave a Comment on Bitcoin & Ether

As market events approached, participants continued to seek CME Group’s regulated products to manage risk and exposure.

CME Group saw continuous daily open interest records in Bitcoin futures. Cryptocurrency options have also continued to increase in volume and open interest throughout the end of the year as more clients looked to manage the market events. Both Bitcoin and Ether futures and options open interest rounded out the year at record highs as their prices increased 160% and 97% since the beginning of the year.