Markets Archives | Digital Money Times

How Bitcoin Futures Products Affected Cryptocurrency Markets in 2018

December 12, 2018 By Mark Lyford Leave a Comment

It has been a year since the start of Cboe’s XBT futures contracts and CME Group’s bitcoin derivatives products launched last December. With super bearish prices these past few months, a lot has changed since the cryptocurrency economy touched all-time highs on spot markets. Meanwhile, bitcoin futures contracts have been growing and some skeptics still believe these derivatives products are disruptive toward cryptocurrency spot prices.

Also Read: Law Professor: Confusing Crypto Regulations Will Hamper Innovation Read more...

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New Platforms Track Major Stablecoin Markets

December 11, 2018 By Mark Lyford Leave a Comment

The birth of more stablecoins, which has coincided with significant market losses for traditional cryptocurrencies, has drawn attention to these fiat-pegged digital assets. Dedicated platforms are now aggregating statistical data about stablecoin markets for the benefit of traders.

Also read: Chat Bot Advises Crypto Startups and Investors

The Stablecoin War Is Heating Up

The last couple of months has seen the arrival of new coins poised to challenge the dominance of the leading stablecoin tether (USDT). Two new “regulated” cryptocurrencies, also pegged to the U.S. dollar, were announced after receiving approval from the New York State Department of Financial Services in September. The Gemini dollar (GUSD) and paxos standard (PAX) are both backed one-to-one with fiat currency. Read more...

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Bitfinex Gives Tether Competition, Adds Four of Market’s Top Stablecoins

December 7, 2018 By Mark Lyford Leave a Comment

Cryptocurrency exchanges Bitfinex and Ethfinex now support trading for all six of the market’s major stablecoins. Adding to its support for MakerDao’s Dai and Tether’s USDT, the sister platforms recently listed USD Coin (USDC), TrueUSD (TUSD), Paxos Standard Token (PAX) and Gemini USD (GUSD). All stablecoins available on the exchanges will be traded against the U.S. dollar.

Launched in 2018, Ethfinex is Bitfinex’s ERC-20 exchange arm. Built for trading Ethereum tokens, the exchange is centralized at the moment, but the team plans to transform it into a decentralized exchange in the future. Read more...

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Markets Update: Leading Cryptos Grind to New Lows for 2018

December 7, 2018 By Mark Lyford Leave a Comment

In the last 24 hours, many leading cryptocurrency markets have broken down to post new lows for 2018. The bloodshed has seen BCH fall below $ 100 for the first time ever, while the market cap of ETH has fallen below $ 10 billion for the first time in over a year. The total capitalization of the combined cryptocurrency markets appears on the verge of testing $ 100 billion, currently sitting at $ 107.5 billion.

Also Read: International Cooperation ‘Critical’ to SEC Action Against ICOs Read more...

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P2P Markets Report: Dumping Drives Record Volume Across Latin America and Asia

December 5, 2018 By Mark Lyford Leave a Comment

The heavy selling pressure that has dominated the cryptocurrency markets in recent weeks has coincided with a surge in peer-to-peer (P2P) trade volume across the Localbitcoins markets in Asia and South America. Globally, higher trade activity over the past two weeks has also driven the strongest volume since September 2017, with roughly 12,116 BTC changing hands in the last seven days.

Also Read: Express Your Gratitude With Bitcoin.com’s New Smart Tip Generator

Venezuela

It appears that the popularity of BTC among Venezuelan citizens continues to grow exponentially, despite the introduction of the national cryptocurrency, the petro. Read more...

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No Bitcoin ETF Before Important Changes to BTC Markets: SEC Chairman

December 1, 2018 By Mark Lyford Leave a Comment

SEC Chairman Jay Clayton has claimed that bitcoin exchanges lack sufficient transparency and monitoring for the market to see approved Bitcoin Exchange Traded Funds (ETFs). According to CNBC, at the Consensus Invest Conference in New York City recently, Clayton said: What investors expect is that trading in the commodity that underlies that ETF makes sense

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US, Korea, China Stock Markets Plummet: is Crypto Correlated?

November 24, 2018 By Mark Lyford Leave a Comment

The crypto market is continuing to lose its value as the U.S., South Korea, and China demonstrate record high losses in their respective stock markets. As an alternative store of value, cryptocurrencies are considered as viable long-term investments, especially by millennials, in a period of global financial market instability and volatility. However, recent weeks have

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Markets Update: Crypto-Capitulation Causes Uncertainty Toward Year End Prices

November 23, 2018 By Mark Lyford Leave a Comment

All eyes have been glued to cryptocurrency markets over the last week as a great majority of digital asset values plummeted to their lowest prices since last year. There’s been a slight price recovery and some consolidated sideways action taking place as some market observers have noted an attempt to reverse the trend may be in the cards. However, others think even though we could see a slight comeback it could end up materializing into another “dead cat bounce” leading to a bit more capitulation.

Also read: Content Creators Can Earn BCH Using the Honest Cash Platform Read more...

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Markets Update: Dump Drives Record BTC Volume on Binance, XRP Extends Lead Over ETH

November 21, 2018 By Mark Lyford Leave a Comment

Cryptocurrency markets have continued to see significant losses, with BCH, BTC, and ETH posting new lows for 2018. Despite also losing fiat value, XRP’s gains when priced in BTC have extended its dominance over ETH.

Also Read: ETH Mining Not Profitable, Miner Heats Home With ASIC Rigs

BCH Posts All-Time Lows

BCH has continued to produce bearish momentum, dropping to record lows against both fiat and cryptocurrency pairings. When measuring against the dollar, BCH has spent the majority of today, Nov. 21, bouncing between the record low area of $ 230 and local resistance at roughly $ 270. BCH has lost approximately 60% of its dollar value in the last fortnight in the wake of its contentious hard fork. As of this writing, BCH is trading for roughly $ 247 on Bitstamp. Read more...

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Cryptocurrency Markets Consolidate Near 2018 Low

November 18, 2018 By Mark Lyford Leave a Comment

The drama surrounding the recent Bitcoin Cash fork has comprised the catalyst for significant action across the cryptocurrency market, with both BCH and BTC posting new lows for 2018 on Nov. 15. Meanwhile, XRP has again overtaken ETH to rank as the second largest cryptocurrency by market capitalization.

Also Read: Crypto Exchange-Traded Product Live on Swiss Stock Exchange Next Week Read more...

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Bitcoin Price Sinks to New Yearly Low as Sell-Off Batters Crypto Markets

November 14, 2018 By Mark Lyford Leave a Comment

The crypto market’s extended stable action took its last breath on Wednesday as the bitcoin price dipped to a new yearly low at 5280-fiat. The BTC/USD index fell more than 12 percent ahead of the US trading session, now trading at 5439-fiat on Coinbase. The pair was trading comfortably inside a narrow trading range since … Continued

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Markets Update: Bitcoin Cash Price Rally Stalls but Trade Volume Spikes Hard

November 13, 2018 By Mark Lyford Leave a Comment

There are less than two days left until the Bitcoin Cash (BCH) network faces a contentious hard fork and BCH markets are showing some unusual activity. They are being driven by heavy trading volumes that have doubled in the last two days, while BCH/USD short positions on Bitfinex have touched an all-time high. At the moment, bitcoin cash is trading for $ 529 per coin with more than $ 900 million worth of global swaps in the last 24 hours.

Also read: Cryptocurrency ATM Growth Spikes Exponentially to 4,000 Machines Worldwide Read more...

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Markets Update: All Eyes on Bitcoin Cash Prices Before the Pending Fork

November 12, 2018 By Mark Lyford Leave a Comment

Since our last markets update five days ago, a lot has changed as a good chunk of the top cryptocurrency markets have dipped in value over the last three and a half days. Bitcoin cash markets touched a high of $ 638 on Wednesday, Nov. 7, but now prices are hovering around $ 544 per BCH on Sunday, Nov. 11.

Also read: Bitcoin Cash Miners Break Records Processing Multiple 32 MB Blocks Read more...

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Markets Update: Traders Play a Lower Range After Cryptocurrency Prices Dip

October 29, 2018 By Mark Lyford Leave a Comment

Digital asset prices dropped in value on Monday after the last few weeks of cryptocurrency market consolidation and stability. Around 8:10 a.m. EDT on Oct. 29, the top 10 digital currency markets saw percentage losses of between 2-5%. Since our last markets update two days ago, the entire crypto-economy has lost $ 5.6 billion in value.

Also read: New Qart Wallet Gives Bitcoin Cash QR Codes a Personal Touch Read more...

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Exchanges Roundup: SBI to Develop Wallet, Huobi Targets New Markets

October 27, 2018 By Mark Lyford Leave a Comment

In recent news pertaining to cryptocurrency exchanges, SBI Group has unveiled a partnership with Sepior that will see the companies jointly develop a proprietary wallet, Huobi has announced it is establishing an operational base in Dubai to target the African, Middle Eastern, and South Asian cryptocurrency markets, and Trijo, a Swedish crypto exchange, has received Estonian licensing that allows the company to offer services to residents of all EU nations.

Also Read: Czech Bank Launches Cryptocurrency-Friendly Services Read more...

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In Midst of Crypto Market’s Confidence Crisis, GGC Launches Gold-Backed Hedge Coin

October 26, 2018 By Mark Lyford Leave a Comment

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Tesla Beats Q3 Earnings Expectations While Global Markets Retreat

October 25, 2018 By Mark Lyford Leave a Comment

Shares of Tesla (TSLA) are up nearly 10% in after-hours trading Wednesday after Q3 revenue and earnings far exceeded estimates. In what CEO Elon Musk called an “incredibly historic quarter,” Tesla posted adjusted earnings of $ 2.90 a share vs. an expected loss of $ 0.19 per share. This compares to a loss of $ 2.92 per share a year ago. The […]
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Markets Update: A Narrowing Range of Consolidation and Lower Trade Volumes

October 21, 2018 By Mark Lyford Leave a Comment

Not a lot has changed since our last markets update four days ago as cryptocurrency markets continue moving sideways in a consolidated pattern. The top five digital assets have seen modest northbound gains this week, with increases between 1-5% over the last seven days. This Sunday, Oct. 21, the entire cryptocurrency economy of over 2,000 digital tokens is valued at $ 214.4 billion.

Also read: New Qart Wallet Gives Bitcoin Cash QR Codes a Personal Touch Read more...

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Report: Emerging Markets See Sharp Growth in Cashless Transactions

October 19, 2018 By Mark Lyford Leave a Comment

South Africa is the most cryptocurrency-friendly country in Africa, according to the 2018 World Payments Report by French banking group BNB Paribas and IT company Capgemini. Compared to other major economies on the continent, South Africa has allowed digital currency-based payments, trades and investments to flourish almost unhindered.

Also read: African Cryptocurrency Exchanges Forced to Step-Up Security

As Digital Payments Rise, Leading African Economies Trade Cautiously on Cryptocurrency

The report, released Oct.17, concluded that digital payments, including cryptocurrencies like bitcoin, have grown sharply all around the world, and “are experiencing a boom, driven by developing markets”, including Africa. Read more...

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Volatility (VIX) Spikes as Global Markets Sell Off

October 11, 2018 By Mark Lyford Leave a Comment

Volatility has quickly returned as the global markets pulled back in a major way Wednesday. Now, the S&P 500 Volatility Index (VIX) is up over 61% in the last 24 hours, bringing it to levels last seen in March of this year. More pain followed after U.S. markets closed as major European indices started trading down […]
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