Bitcoin Markets Now Show Greater Influence From Institutional Investors: JPMorgan

JPMorgan Chase (JPM) thinks the Bitcoin (BTC) industry has changed considerably since 2017, citing an increase in institutional interest, Bloomberg reported on June 15. The publication quoted a report led by managing director of global market strategy of the United States’ largest bank, Nikolaos Panigirtzoglou, in which researchers examined recent phenomena surrounding cryptocurrency exchanges. As Cointelegraph reported, an investigation by asset manager Bitwise in March — and again last month — revealed that a significant amount of trade volume reported by exchanges was likely fake. Citing JPM, Bloomberg notes that…

Bittrex to Expand to Euro Markets, Lowers Trading Fees for US Customers

Cryptocurrency exchange Bittrex has lowered trading fees for United States-based customers and announced its expansion to euro markets in a blog post published on June 12. The exchange announced the launch of euro markets later this summer, which will enable fiat trading in euros for the first time in its history. Bittrex is also offering lower trading fees for its U.S. dollar markets, starting with a promotional month with 0 maker and 0.15% taker options. The exchange also notes that it will automatically lower fees to the promotional rate for…

Crypto Markets Show Signs of Recovery, While Oil Prices Slump

Friday, May 31 — cryptocurrencies are on the rise again after seeing a slight correction yesterday, May 30, with EOS (EOS) being the only coin among the top-20 cryptocurrencies to register double-digit gains. Market visualization by Coin360 The leading digital currency bitcoin (BTC) is up slightly over 3% on the day, and is trading at $8,573 at press time. On its weekly chart, bitcoin saw its lowest price point at $7,924 on May 26, while its highest price point of $8,994 was on May 30. Bitcoin 7-day price chart. Source:…

Polkadot Tokens Sold on Secondary Markets at Discounted Rates: Report

Tokens for the Polkadot protocol are being offered on secondary markets at heavily discounted rates, The Block reported on May 23. A number of major crypto funds and investors told the website that over-the-counter (OTC) desks had given them the chance to buy large volumes of DOT tokens. Polkadot, a blockchain interoperability protocol created by Ethereum co-founder Gavin Wood, sold its official presale tokens at $30. The private sale price is $120 — and it is believed at least one secondary deal has gone through, with the buyer receiving a 50% discount. Such deals…

Crypto Markets Turning Green, Oil Prices Tumble

Thursday, May 23 — Cryptocurrency markets are starting to move upward, having overcome the drop in the beginning of the day, according to Cointelegraph’s Coin360. Market visualization from Coin360 The leading cryptocurrency bitcoin (BTC) started the day at $7,638 gradually reaching its intraday high of $7,946. At press time, bitcoin is trading at around $7,914, up 2.64% over the past 24 hours. Bitcoin 24-hour price chart. Source: CoinMarketCap The second-largest cryptocurrency, ether (ETH), has also taken an upturn and is currently trading at around $246.50, up 0.60% on the day.…

Crypto Markets Turn Red, Indian Stock Markets Post Record Highs Amid Election Results

Thursday, May 23 —  following a mild correction which began yesterday, crypto markets have today tipped into deeper red with bitcoin (BTC) dropping below the $7,600 mark, as Coin360 data shows. Market visualization courtesy of Coin360 Bitcoin has sustained a 4.25% correction and is trading at $7,590 by press time. The top coin has seen considerable volatility this week, posting an intra-week low of under $7,100 on May 17 before surging to the $8,250 mark on May 20. The top coin had brushed $8,300 yesterday, May 16 — a bullish…

Crypto Markets See Major Correction, BTC Below $7,350 as US Stock Futures Trade Lower

Friday, May 17 —  after a week of deep green and bullish price performance, crypto markets today are seeing a major correction, with bitcoin (BTC) dropping below the $7,350 mark, as Coin360 data shows. Market visualization courtesy of Coin360 Bitcoin has taken a steep price hit, dropping 8% on the day to trade at $7,346 to press time. The top coin had brushed $8,300 yesterday, May 16 — a bullish price point not seen since August 2018. Despite today’s major correction, bitcoin retains a strong gain of 16.61% on the…

Bitcoin Will Be ‘Alive and Well,’ Says Renowned Emerging Markets Investor Mark Mobius

Veteran frontier markets investor Mark Mobius has said he believes cryptocurrencies will show resilience due to continuing demand for new forms of value transfer. Mobius made his remarks during an interview with Bloomberg on May 15. Mobius is a seasoned and pioneer investor in developing nations and emerging economies, earning international recognition for his decades-long work at global investment firm Franklin Templeton. Last year, he retired to launch a new asset management boutique, Mobius Capital Partners. Having previously adopted a cautious stance toward crypto, the investor told Bloomberg yesterday that…

Crypto Markets Turn Red After Binance Hack, US, EU Stocks Steady as Asian Equities Falter

Wednesday, May 8 —  having just broken new 2019 highs, crypto markets have tipped into red in the wake of yesterday’s $40 million hack of major exchange Binance. Virtually all of the top 20 cryptocurrencies are down up to 9%, yet most losses remain mild, as Coin360 data shows. Market visualization courtesy of Coin360 Despite being the cryptocurrency stolen in the Binance hack, bitcoin (BTC) is itself showing resilience, and is down a fractional 0.9% on the day to trade at $5,882 by press time, according to CoinMarketCap. After a…

Crypto Markets See Gentle Green, US Stocks Edge Lower at Opening Bell

Thursday, May 2 — yesterday’s mild market movements continues, with most of the top twenty cryptocurrencies seeing mild green on the day at press time with typical growth of between 1 and 3%, as Coin360 data shows. Market visualization courtesy of Coin360 Bitcoin (BTC) is up 1.4% on the day and is trading at $5,455 by press time, according to CoinMarketCap. After a bullish spike at the start of its 7-day chart — with a break above the $5,500 mark on April 26 — the top cryptocurrency swiftly saw a…