Only about 3.5 million Bitcoin (BTC) are available for trading, according to new data from blockchain analytics firm Chainalysis. The remaining 11.4 million are held as long-term investment and 3.7 million are believed to be lost. This suggests that if institutional investors enter the crypto space and invest for the long-term, the tradeable supply of the top-ranked cryptocurrency on CoinMarketCap is likely to shrink further and possibly boost the price of BTC. Crypto market data daily view. Source: Coin360 In a recent interview with Cointelegraph Markets, Max Keiser, host of the Keiser Report, said that Paul Tudor Jones is likely …

Kraken crypto exchange CEO Jesse Powell has said that a large number of both retail and institutional investors have opened accounts with them. This shows that all types of investors are concerned about the current economic condition, hence they have been diversifying their portfolio using cryptocurrencies. The influx of institutional money is a positive sign because it will give confidence to the other institutions to take the plunge. WisdomTree Investments, a New York-based asset manager has sought approval to launch an exchange-traded fund that plans to invest about 5% of its net assets in cash-settled Bitcoin (BTC) futures and the …

In today’s Crypto Markets Live, veteran traders Charlie Burton and Naeem Aslam will discuss one of the key aspects of every successful trading strategy: risk management. No matter how good you are at reading the charts, if you don’t have a well functioning risk management strategy to back up your trading, you will almost certainly end up losing money. Aslam and Burton will share their best insights on how to manage risk while trading cryptocurrencies and traditional assets. In particular, they will focus on basic principles, such as how to best calculate win/reward ratio, how to diversify your trading portfolio, …

Stephen Roach, a faculty member at Yale University and former chairman of Morgan Stanley Asia, believes that the supremacy of the U.S. dollar is likely to be challenged and the greenback could decline by as much as 35%. This impending dollar weakness could benefit gold and cryptocurrencies. Several large traders have been accumulating Bitcoin (BTC) and according to on-chain data this has boosted the number of whales — traders holding 1,000 or more of the top-ranked cryptocurrency on CoinMarketCap — to 1,882. Usually, large traders build huge positions when they expect a sustained uptrend. Daily cryptocurrency market performance. Source: Coin360 …

Bitcoin (BTC) futures daily trading volume plunged sharply from about $20 billion on June 11 to about $5 billion on June 13. This is a negative sign because the volume increased during the sharp fall on June 11 but reduced during the rebound on June 12 and 13. On June 14, the top-ranked cryptocurrency on CoinMarketCap declined but the futures volume picked up, suggesting a higher number of bearish trades on market declines and a lesser number of bullish trades during pullbacks. While the trading volume fell, open interest on Bitcoin derivatives has risen to about $4 billion for the …

Takeshi Fujimaki, a former adviser to George Soros, has said that Paul Tudor Jones is attempting to capture the big trend. According to Fujimaki, Jones’ recent investment into Bitcoin (BTC) indicates that he is concerned about inflation and believes that cryptocurrencies could benefit in such an environment. Following the recent growth and popularity of Grayscale’s Bitcoin Trust security in the past few months, investment firm Wilshire Phoenix has filed an application with the U.S. Securities and Exchange Commission to launch a publicly traded Bitcoin fund. If the fund gets the green signal it is likely to attract institutional investors. Crypto …

The S&P 500 plunged 5.89% on June 11, its fourth-worst fall this year. This brought back memories of the sharp sell-off seen in March when investors dumped most asset classes as the coronavirus pandemic took hold. Although gold managed to close in the green on June 11, Bitcoin (BTC) plunged 6.16%. This suggests that investors sought the safety of gold over BTC, the top-ranked cryptocurrency on CoinMarketCap. The Organization for Economic Co-operation and Development said in a report that governments should prepare for a possible second wave of coronavirus cases. The OECD heavily emphasized the continuance of ultra-accommodative monetary policies …

Welcome, all traders, to this week’s Crypto Markets Live show featuring traders CryptoBirb and Big Chonis. Whether you’re just getting started or have been trading for years, you’re bound to learn something new today. We’ll be analyzing Bitcoin (BTC) and other top cryptocurrency markets while exploring the step-by-step processes that inform every decision to trade. CryptoBirb has been trading MTF momentum swings actively since early 2017 with a positional background. He is an occasional scalper who uses a custom momentum indicator combo called the Birbicator. He is also interested in spot, futures, options and CFDs across crypto and legacy markets. …

About one-third of institutional investors surveyed by Fidelity said they have invested in digital assets. 25% of the survey participants said that they hold Bitcoin (BTC) and 11% confirmed that they hold Ether (ETH). While these are encouraging signs, the future looks even brighter as 91% of survey participants expect to hold at least 0.5% of their portfolio in crypto assets in the next five years. Total Bitcoin options open interest has risen from $1 billion on May 7 to over $1.5 billion on June 9, according to data from Skew. This shows growing interest among institutional investors who expect …

The total crypto market capitalization was close to $270 billion on May 8 and currently, the metric stands at $275 billion. This suggests that the crypto markets have been largely stuck in a range for about a month. Daily cryptocurrency market performance. Source: Coin360 As reported by Cointelegraph, Bitcoin (BTC) miners are holding on to their newly minted coins and this behavior usually occurs when Bitcoin holders expect higher price in the future. Data also shows that Bitcoin reserves on cryptocurrency exchanges have plunged to a 12-month low. The fundamentals are pointing to a possible rally in Bitcoin, but do …

When the price of an asset does not reverse direction from a critical resistance, it indicates that some traders are holding onto their positions in anticipation of a breakout. For the past month, Bitcoin (BTC) has been repeatedly revisiting the $10,000 levels and even though the bulls have not been able to sustain above this level, they have not given up much ground either. This suggests that traders are accumulating on dips and not closing their positions at $10,000. This is a bullish sign and it increases the possibility of a breakout above the resistance in the short-term. Crypto market …

The U.S. equity markets are on a tear as the traders cheer the largest jobs gain ever. This report has improved sentiment as it suggests that the blip in the economy due to the pandemic was temporary. Many traders who had been sitting on the sidelines are likely to jump into stocks due to fear of missing out on what could be the early stages of a strong rally. This shift into stocks has resulted in a drop in gold price, which is considered as a safe haven against market volatility. However, it is important to note that the crypto …