CME Bitcoin options volume increases by over 100 percent to $5.3 million just a week after launch

Trading volume for Bitcoin (BTC) options from the Chicago Mercantile Exchange, or CME Group, has increased by over 100 percent in just the first week after their launch. Bitcoin options volumes more than doubled in the seven days following their introduction on January 13, 2020. The volume recorded, as of January 17, was 122 contracts, […]
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Retail Accumulation? Number of Bitcoin Addresses With One or More Coins Sees Solid Rise

A key on-chain metric has witnessed solid growth over the past 12 months, possibly indicating steady accumulation of bitcoins by retail traders.

Data shows high levels of correlation between Bitcoin and Ethereum

Bitcoin and Ethereum have been highly correlated over the past couple of years. The association between the top two cryptocurrencies by market capitalization shows the lack of diversification opportunities that investors have in this industry. The highest correlated asset Investopedia defines the term correlation as a statistic that measures the degree to which two assets […]
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Ethereum’s consolidation trend may turn into a full-blown bull rally if it breaks this key level

Ethereum has been able to begin gaining some tempered momentum following its recent drop to lows of $162, as ETH has now pushed its way back up towards the $170 region. Although the cryptocurrency is still trading down slightly from its recent highs of $177 that was set this past Saturday, its ability to hold […]
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Renowned analyst estimates that Cardano (ADA) is about to skyrocket

The Cardano Foundation is making significant strides to push forward the adoption of its native cryptocurrency. The non-profit organization has set up a new release cadence, with new updates and releases expected every week that are meant to improve the network. The massive amount of work put into the development ADA could soon pay off. […]
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