Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Bitcoin Institutional Investors
Bakkt’s Bitcoin Futures Settled in Bitcoin Overtakes Cash Settlement
The most recent data has shown that Bitcoin (BTC) futures platform Bakkt is currently seeing the majority of its contracts settled in BTC, not cash. According to the provider of real-time data analytics for Bitcoin and Ether derivatives, Skew, the latest data on May 26 shows that Bakkt’s physically-settled Bitcoin Futures produced $34m, cash-settled Bitcoin Futures produced $9.3m and total open interest was $7.6m. Likewise, Bakkt’s physically-settled BTC Futures recorded a daily volume of $43m on the same day. The data shows that…
5 years ago
Should You Buy BTC Now That Bitcoin Halving Event Has Concluded?
Should investors buy BTC now that the bitcoin halving has concluded? We look at various arguments from top crypto analysts to gauge what actions you should take now. The just-concluded BTC halving has come at a time when institutional markets and individuals are investing in bitcoin more than ever before On May 12, 2020, bitcoin underwent the much-awaited 3rd halving event, which led to the number of new coins awarded to the computer wizards who "mine" the cryptocurrency being cut in…
5 years ago