Markets – CRYPTORY

Guggenheim Fund Files to Be Able to Invest Up to Almost $500M in Bitcoin Through GBTC

The Guggenheim Macro Opportunities Fund will now be able to invest up to 10% of its net asset value in the Grayscale Bitcoin Trust.

$32,000 per Bitcoin seemed unreasonable in October, but the 950% spike in the January call option suggests some traders think it’s a possibility.

Bitcoin price is rallying this weekend but is this just a relief rally or can BTC regain bullish momentum?

Data shows Bitcoin has a pattern of sharply correcting after the open interest on BTC futures tops $1 billion.

According to macro investor Raoul Pal, the latest Bitcoin rally is just the beginning of an institutional-investor-led bull market.

Bitcoin’s recent correction is healthy, but several altcoins have lost momentum and could remain range-bound for a few days.

Huobi Labuan said it’s been licensed in Malaysia for a nine-month trial period of cryptocurrency spot and derivatives trading services.

“Whales are transferring bitcoin to exchanges. The cryptocurrency may trade in a sideways-to-negative manner,” said one analyst.

Analysis of sentiment and on-chain data shows that a correction was likely to occur. Is there still room for growth?

Bitcoin price fell short of reaching $20,000, but record high open interest on BTC futures shows pros are still bullish.