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Bitcoin price hit a new 2020 high at $16,765, and traders expect a much larger rally to occur in the near term, the Cointelegraph writes. The price of Bitcoin (BTC) hit a new yearly high at $16,717 on Binance. Following the breakout, traders expect a larger rally to occur in the near term. There are […]
Open interest on Bitcoin options reached $2 billion but should traders be worried that the majority of August options appear worthless? The open interest on Bitcoin (BTC) options contracts has returned to $2 billion after briefly surpassing the level ahead of the July expiry. Since the beginning of 2020 the BTC options market has grown […]
An hour ago, the price of Bitcoin suddenly faltered after days of non-action, crashing from the $6,700 base where it had traded at for much of Friday to $6,250 within a few minutes’ time. As a result, at least $20 million worth of long positions on BitMEX were liquidated, while millions more probably bit the dust on other […]
Denmark’s tax agency (Skattestyrelsen) has confirmed it is “identifying” 2,700 individuals it says owe taxes on Bitcoin (BTC) gains, according to a Dec. 12 press release. According to Skattestyrelsen, the Danish citizens bought and sold Bitcoin via an unnamed Finnish cryptocurrency exchange between 2015 and 2017, but did not declare any profits or losses on tax documents, the CoinTelegraph reported December […]