• Latest
Bitcoin Price Rallies 3.7% to Hit 2-Month High

Bitcoin Price Rallies 3.7% to Hit 2-Month High

January 14, 2020
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Tech

Bitcoin Price Rallies 3.7% to Hit 2-Month High

coinnewsdaily by coinnewsdaily
January 14, 2020
in Tech
0
Bitcoin Price Rallies 3.7% to Hit 2-Month High
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

The price of bitcoin (BTC) has risen once again after a successful launch of CME’s bitcoin options surpassed rival Bakkt on its BTC futures contracts in the first day of trade volume.

On Jan. 14 at around 00:30 UTC, the price of the world’s largest cryptocurrency by market value rose above an area of resistance that had stifled previous rallies near $8,200 for over a week beginning Jan. 7.

As of press time, BTC is changing hands at $8,413 after reaching its highest point in nearly two months at around $8,446, CoinDesk BPI data shows.

This comes several hours after the successful launch of Chicago-based derivatives exchange CME’s futures contracts for BTC, which surpassed rival Bakkt in reported volume within its first day of trading.

Caroline M. Vasquez, spokesperson for DWR, the parent company of crypto trading giant Cumberland said institutional investors are seeking traditional risk management tools to support greater entry into crypto.

“As with any new financial product, we expect volume will grow organically as investors get more comfortable trading it,” Vasquez said.

An option on a futures contract gives a holder the right, but not the obligation, to buy or sell a specific futures contract at a strike price on or before the option’s expiration date.

Joshua Green, head of trading at cryptocurrency trading firm Digital Asset Capital Management, said the rise in BTC’s value was “nothing obvious” citing a potential short-squeeze.

“Maybe some negative gamma from spot moving through that strike (of $8,200) or people covering shorts that were put on in a notification of Chinese New Year sell-off,” Green said.

Other notable cryptocurrencies are also up on BTC’s good fortune with ether and XRP both up 2.95 and 2.16 percent, respectively.

Disclosure Read More

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Credit: Source link

Tags: Crypto Tech
Share76Tweet48
Previous Post

WisdomTree Mulls New Stablecoin as US Money Manager Drives Toward Crypto

Next Post

Kraken Futures to Expand Into Russia After New Hire

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building
Bitcoin

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
green gaming
Business

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
axie infinity: what are the minimum android phone requirements to play on mobile
Alt Coin

Axie Infinity: What Are the Minimum Android Phone Requirements to Play on Mobile

April 21, 2022
Load More
Next Post
Kraken Futures to Expand Into Russia After New Hire

Kraken Futures to Expand Into Russia After New Hire

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$28,272.002.95%
  • ethereumEthereum(ETH)$1,818.914.67%
  • tetherTether(USDT)$1.01-0.17%
  • binancecoinBNB(BNB)$330.532.00%
  • rippleXRP(XRP)$0.4455654.93%
  • cardanoCardano(ADA)$0.3708882.57%
  • dogecoinDogecoin(DOGE)$0.0772553.44%
  • matic-networkPolygon(MATIC)$1.130.32%
  • solanaSolana(SOL)$22.102.46%
  • polkadotPolkadot(DOT)$6.273.11%
  • litecoinLitecoin(LTC)$92.886.45%
  • shiba-inuShiba Inu(SHIB)$0.0000111.84%
  • tronTRON(TRX)$0.0663089.61%
  • daiDai(DAI)$1.000.16%
  • chainlinkChainlink(LINK)$7.575.30%
  • cosmosCosmos Hub(ATOM)$11.703.29%
  • leo-tokenLEO Token(LEO)$3.390.34%
  • ethereum-classicEthereum Classic(ETC)$20.752.89%
  • moneroMonero(XMR)$156.114.16%
  • okbOKB(OKB)$44.76-0.80%
  • bitcoin-cashBitcoin Cash(BCH)$128.071.35%
  • stellarStellar(XLM)$0.0924572.02%
  • filecoinFilecoin(FIL)$5.885.03%
  • crypto-com-chainCronos(CRO)$0.0700291.97%
  • vechainVeChain(VET)$0.0236123.28%
  • algorandAlgorand(ALGO)$0.2184491.27%
  • internet-computerInternet Computer(ICP)$5.162.64%
  • eosEOS(EOS)$1.165.16%
  • aaveAave(AAVE)$76.482.68%
  • elrond-erd-2MultiversX(EGLD)$43.412.32%
  • tezosTezos(XTZ)$1.174.48%
  • theta-tokenTheta Network(THETA)$1.055.38%
  • neoNEO(NEO)$12.284.93%
  • havvenSynthetix Network(SNX)$2.68-2.41%
  • paxos-standardPax Dollar(USDP)$1.000.42%
  • bitcoin-cash-svBitcoin SV(BSV)$37.504.10%
  • dashDash(DASH)$62.839.26%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.780.58%
  • makerMaker(MKR)$680.351.62%
  • iotaIOTA(MIOTA)$0.2168954.23%
  • huobi-tokenHuobi(HT)$3.67-1.78%
  • zilliqaZilliqa(ZIL)$0.0284604.35%
  • zcashZcash(ZEC)$37.729.71%
  • basic-attention-tokenBasic Attention(BAT)$0.2536865.36%
  • nemNEM(XEM)$0.0396972.95%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • qtumQtum(QTUM)$3.256.75%
  • kusamaKusama(KSM)$34.664.35%
  • compound-governance-tokenCompound(COMP)$43.832.50%
  • bitcoin-goldBitcoin Gold(BTG)$16.832.85%
  • yearn-financeyearn.finance(YFI)$8,685.352.05%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • omisegoOMG Network(OMG)$1.761.65%
  • golemGolem(GLM)$0.2447001.66%
  • wavesWaves(WAVES)$2.241.74%
  • ontologyOntology(ONT)$0.2357137.05%
  • sushiSushi(SUSHI)$1.081.72%
  • digibyteDigiByte(DGB)$0.0098093.87%
  • umaUMA(UMA)$2.102.71%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%