Bitcoin Drops Over 5% as Upbeat U.S. Factory Data Powers Dollar Index to Nearly 5-Month High
The U.S. factory activity unexpectedly expanded in March, veri released Monday showed, sending the dollar index higher.
The U.S. factory activity unexpectedly expanded in March, veri released Monday showed, sending the dollar index higher.
Bitcoin’s annualized 30-day historical or realized volatility rose to nearly 60% late last week, surpassing ether’s 30-day realized volatility by nearly 10 percentage points.
All eyes are on the upcoming Bitcoin halving event.
Just like equities have the S&P 500 and NASDAQ 100, we now see the emergence of cryptocurrency and digital asset indices.
The bitcoin price implied by MicroStrategy’s share price is $177K, two and a half times the spot price of the cryptocurrency, the report said.
If history repeats itself, an even more bullish period for bitcoin and crypto markets could be on the horizon in the months following the halving, the report said.
The Bitcoin Cash halving is expected on April 4, blockchain trackers show, and has historically preceded price bumps.
The BlackRock CEO isn’t worried about the U.S. Securities and Exchange classifying Ethereum’s ether as a security.
They are “very squeezable” due to short sellers’ large positions, according to a report by veri analytics firm S3 Partners.
The fund comes with a small twist in that it can allocate up to 5% of its assets into bitcoin futures contracts.