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The trading volume of the first Bitcoin-based exchange-traded product with central clearing, BTCetc Bitcoin Exchange Traded Crypto (BTCE), has risen to the level of popular European index funds. This was reported by the Financial Times.

During the first 11 days of January, the average daily turnover Crypto Bull of the instrument listed on Deutsche Börse was €57 million.

Bitcoin-ETP’s turnover is comparable to the popular iShares Global Clean Energy UCITS ETF (INRG) index fund and far exceeds that of the other 1,800 exchange-traded products on Deutsche Börse.

“The BTCE structure has increased the attractiveness of cryptocurrency investments for institutional investors who avoid unregulated platforms and non-traditional asset holding systems,” said Deutsche Börse ETF segment head Stefan Kraus.

The exchange-traded product was issued by ETC Group, led by Bradley Duke.

“Institutions are actively adding bitcoin-based instruments to their portfolios to hedge the risk of devaluation of major currencies,” Duke said.

On Wednesday, ETC Group floated bitcoin-backed exchange-traded notes (ETNs) denominated in dollars, pounds sterling and Swiss francs on the Swiss SIX.

VanEck and 21Shares also offer ETNs and ETPs on Deutsche Börse. The Swiss exchange lists 34 cryptocurrency exchange products from six issuers.

As a reminder, last October the UK Financial Services Authority banned the sale of cryptocurrency-based derivatives and exchange-traded notes to retail traders.

Bitcoin’s price peaked above $23,500 on Dec. 22 when Monday’s weakness changed to see bullish players defy previous levels.

After falling to $21,800 on Monday, the markets set a different tone on Tuesday. The price of Bitcoin rose just over 5%. Adding $1,200 in just six hours.

The macro factors combined to support BTC’s request. With the US Congress passing a Coronavirus stimulus bill worth $908 billion.

“Another $900 billion announcement for Bitcoin,” summarized Tyler Winklevoss, co-founder of the Gemini exchange, after the vote.

Hope in the Price of Bitcoin

The data from the purchase orders showed that the selling pressure at USD 24,000 and the definite resistance at USD 25,000 were maintained. This somewhat discouraged the prospects of a stronger rebound to new historical highs.

Right now, according to our online crypto tool Bitcoin is trading at USD 23,485. This is an increase of 2.80% at the time of writing. However, some analysts expect the price of Bitcoin to continue rising.

Ripple’s CEO warns that the SEC may sue the company for the sales of XRP

The U.S. Securities and Exchange Commission (SEC) intends to sue Ripple for the sale of XRP. CEO Brad Garlinghouse said Monday.

According to Fortune, the lawsuit will be filed in the near future, although a specific date has not yet been provided. Ripple’s co-founder, Chris Larsen, and Garlinghouse will be the defendants along with the firm. Garlinghouse said.

“This is an attack on the entire American cryptography and innovation industry,” Brad Garlinghouse said in an e-mail statement.

Huobi plans to return to the U.S. after ceasing operations in 2019

Huobi Group, the company behind the large Huobi cryptoexchange, is apparently planning to return to the United States with a new license obtained from local regulators.

After ceasing operations in the United States at the end of 2019, Huobi appears to be interested in opening a trust company in the country.

According to a December 22 announcement by Huobi Technology Holdings, Huobi Trust, incorporated in Nevada, has received a trust company license from the Financial Institutions Division of the Nevada Department of Business and Industry.

Lan Jianzhong, CEO of Huobi, noted that Huobi Trust has not yet begun providing any related fiduciary services. “Shareholders and potential investors are advised to exercise caution when trading in the company’s shares,” Jianzhong wrote in the announcement.

Bitcoin and crypto mining company Riot Blockchain buys 15,000 Bitmain Antminers

Riot Blockchain, a Nasdaq-listed crypto-mining company, has closed another deal with Chinese mining giant Bitmain to buy 15,000 Antminers.

According to a December 21 announcement, the Colorado-based company expects the new purchase to contribute a 65 percent increase in its total hash rate in Bitcoin mining.

The purchase cost Riot USD 35 million, comprising 3,000 S19 Pro Antminers and 12,000 S19j Pro Antminers. The company expects to receive and deploy the new miners from May 2021 until October 2021.

With the latest purchase, Riot further expands its total Bitmain mining equipment. Since the company has been receiving and regularly deploying new miners in 2020.

With the full deployment of more than 37,000 miners, Riot estimates that its total operational hash rate will increase from 2.3 EH/s to 3.8 EH/s, consuming about 120 megawatts of power.

Bitcoin continua a lottare per raggiungere i massimi di freschezza per tutto il tempo: Cosa dicono gli analisti

• Bitcoin ha lottato per superare la regione di 19.000 dollari nel corso degli ultimi giorni e settimane, e la pressione delle vendite è stata significativa.
• Fino a quando i tori non possono frantumare la regione della resistenza che inizia a 19.400 dollari, può continuare a vedere una prolungata fase di consolidamento
• L’ultima chiusura settimanale della Cryptocurrency, tuttavia, è stata incredibilmente rialzista e ha segnato il più alto mai pubblicato dal crypto su molte borse.
• Questo potrebbe rafforzare le sue prospettive a medio termine, ma ci sono ancora alcuni fattori ribassisti che lavorano contro di esso
• Fino a quando Bitcoin non potrà utilizzare questa forza macro per superare i $19.400 e successivamente oltre i $19.800, potrebbe vedere un trading laterale prolungato

La Bitcoin e l’intero mercato BitQT dei crittografi sono stati colti in una fase di consolidamento prolungata nel corso degli ultimi giorni e settimane.

Il mercato aggregato dei crittografi sta lottando per guadagnare un po’ di slancio. Questo può essere in gran parte dovuto all’incapacità della valuta crittografica di riferimento di superare i suoi massimi storici.

Dove l’intero trend di mercato a medio termine dipenderà probabilmente dal fatto che BTC possa fissare o meno nuovi massimi.

Un trader sta ora notando che c’è una forte possibilità che un serio rialzo sia imminente, dato che la forza dell’ultima chiusura settimanale della Cryptocasino probabilmente farà molta strada per dare un po’ di slancio al mercato.
Bitcoin si consolida al di sopra del livello chiave di $19.000

Al momento di scrivere, Bitcoin si sta consolidando intorno alla regione a meno di 19.000 dollari. È qui che ha fatto trading negli ultimi giorni e settimane.

La pressione di vendita vista a 19.400 dollari ha impedito che si spostasse più in alto negli ultimi giorni, e questa è stata la prima resistenza chiave per il crypto prima della regione tra i 19.800 e i 20.000 dollari.

Commerciante: Il Macro Outlook di BTC è forte dopo la chiusura settimanale

Bitcoin ha appena postato la più alta chiusura settimanale di candele che abbia mai visto ieri, il che significa che un serio vantaggio potrebbe essere proprio dietro l’angolo per la crittovaluta.

Un analista ne ha parlato in un recente tweet, spiegando che ha indubbiamente incrementato le sue prospettive:

“BTC: ha raggiunto una chiusura settimanale di altissimo livello questo fine settimana su Bitstamp. Sembra che Coinbase abbia chiuso proprio al di sotto della chiusura settimanale del 2017. Così vicino ai 20.000$+”

Anche se ha ancora alcuni ostacoli importanti davanti a sé prima di poter fissare nuovi massimi di tutti i tempi, la forza che sta mostrando nei periodi di tempo più alti è incredibilmente rialzista.

Les données récemment partagées par le fournisseur d’analyses Glassnode indiquent que les détenteurs à long terme liquident leurs positions sur Bitcoin, tout comme les mineurs.

Le volume des sorties de mineurs de la CTB a augmenté de près de 100 % au cours des dernières vingt-quatre heures.

Le flux des mineurs de la CTB s’élève à 96,8 %.

Glassnode a rapporté qu’au cours des dernières vingt-quatre heures, les mineurs de bitcoin ont augmenté le volume de sortie de CTB (MA de deux jours) de leur portefeuille d’un énorme 96,8 %, atteignant ainsi un nouveau record.

L’indice de vitalité des pièces de monnaie atteint son plus haut niveau depuis 7 mois

Glassnode a également fait connaître un autre indice en hausse. Selon le graphique, la vivacité des bitcoins (1 jour MA) a atteint son plus haut niveau depuis sept mois.

Glassnode explique ce que signifie une hausse de cet indice : lorsqu’il augmente, les détenteurs de long terme liquident leurs positions et il diminue lorsqu’ils obtiennent plus de bitcoin à hodler.

“La vivacité est définie comme le rapport entre la somme des jours-pièces détruits et la somme de tous les jours-pièces jamais créés. La vivacité augmente lorsque les détenteurs à long terme liquident leurs positions et elle diminue lorsqu’ils accumulent plus de bitcoin à hodler”.

Les sociétés cotées en bourse continuent d’accumuler des CTB

Malgré les données mentionnées ci-dessus, les grands acteurs institutionnels continuent d’acquérir des Bitcoin pour les stocker à long terme.

Comme U.Today l’a déjà signalé, Microstrategy, dirigé par Michael Saylor, a acquis un autre bloc de Bitcoin d’une valeur de 50 millions de dollars. Cela représente 2 574 Bitcoin à un taux moyen de 19 427 $ par BTC.

Le total des Bitcoins détenus par la société s’élève maintenant à 40 824 Bitcoins (acquis tout au long de l’année 2020).

La société a dépensé la somme colossale de 475 millions de dollars pour son pari massif sur les bitcoins afin d’éviter que ses réserves de liquidités ne diminuent, car le dollar américain perd de la valeur après que la masse monétaire américaine ait augmenté de 25 % cette année.

Grayscale a également accumulé activement des bitcoins et gère actuellement 12,6 milliards de dollars d’actifs cryptographiques.

Atualmente, a corrida de touro bitcoin tem dominado as manchetes, mas o segundo maior criptograma também está mostrando alguns indicadores positivos. A carteira de éter aborda métricas que quebram recordes pode vir como dados bem-vindos para os efeitos de rede do mercado de criptográficos.

Com base nos dados adquiridos dos alertas Glassnode, o número total de endereços de carteiras de Éter (ETH) com pelo menos 1 ETH atingiu um recorde histórico em 19 de novembro. No momento da redação, o ETH está negociando acima de $505. Continua a desenvolver sua tendência ascendente que começou no início de novembro.

Curiosamente, usuários individuais podem criar múltiplos endereços de carteira, o que significa que o número de 1,17 milhões pode não mapear um 1:1 para o número de entidades ou usuários. Além de refletir o sentimento de alta no mercado em geral, este elevado número de portadores de Éteres pode refletir mais dois fatores. Primeiro, a popularidade das finanças descentralizadas (DeFi), e os tokens associados que utilizam a rede Ethereum.

Embora o valor de muitos dos tokens DeFi tenha levado uma grande surra quando comparado com suas corridas de touro anteriores, o valor total em dólares que está bloqueado no DeFi permanece atualmente em espantosos US$ 14,05 bilhões.

Além disso, a data atual de lançamento do Ethereum 2.0 Fase 0 está no momento definida para 1 de dezembro. Vitalik Buterin, o co-fundador do Ethereum, já encorajou anteriormente a comunidade dizendo-lhes que podem prever grandes melhorias na área de expansão e desenvolvimento de redes.

De acordo com relatórios anteriores, o preço atual do Ether representa principalmente uma alta de dois anos e meio. Assim, ele traz a moeda para um desempenho acumulado de Bitcoin em 2020.

Cryptocurrencies like Ethereum Code scam belong in every portfolio. But what about their risk-return profile and how high is the correlation to traditional assets? Iconic Holding from Frankfurt has taken on this topic and written a report on it.

The following report comes from Iconic Holdingfrom Frankfurt, an asset manager who specializes in digital assets. The company was founded in 2017 by Patrick Lowry and Max Lautenschläger . In regular analyzes, they provide the necessary know-how to better understand digital assets.

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One of the fundamentals of portfolio theory is diversification, through which the risk – measured by the standard deviation – is to be minimized without reducing the expected return. Because every single asset class has its own risk-return profile, as can be seen in the graphic below.

The optimal investment would be located at the top left, i.e. a high expected return with a low standard deviation.

Normally, a riskier investment also delivers a higher expected return

Correlations are measured with the so-called correlation coefficient, which can be between +1 (perfectly positive) and -1 (perfectly negative). In terms of risk diversification, both values ​​are not desirable, as either the entire portfolio rises or falls with one event or half of the portfolio rises while the other half falls. Diversification is achieved above all by adding an asset that, ideally, does not show any correlation with other asset classes. The lower the correlation between the assets of a portfolio, the more risk that can be eliminated. A non-correlating asset is considered the holy grail of portfolio construction.

In the context of this article, the strategic asset allocation is assumed, not the tactical asset allocation. So it’s about a long-term breakdown into different asset classes and not about short-term earnings opportunities in certain industries or which asset manager is selected.

Correlations of traditional and alternative asset classes

First, let’s take a look at traditional asset classes such as stocks, bonds, commodities and real estate.

As can be seen in the top left quadrant, stocks correlate very positively with one another worldwide, so they are only suitable for risk diversification to a certain extent. Gold is very suitable for adding to an equity portfolio, but correlates relatively strongly with other commodities and real estate. Long-lived bonds in particular are ideal for diversifying into stocks, commodities and real estate.

De stijging van de prijs van bitcoin heeft geleid tot een stijging van het inkomen van miners. Eind oktober verdienden ze $ 353 miljoen (+ 8%), zoals eerder gerapporteerd door CoinMetrics-analisten.

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Het inkomen van mijnwerkers is teruggekeerd naar het niveau dat werd waargenomen in de aanloop naar de zogenaamde halvering van mei (vermindering van de beloning voor het delven van een blok).

In de eerste vijf dagen van november bedroeg het inkomen van The News Spy miners al bijna $ 21 miljoen. De laatste keer kregen ze begin mei 2020 ongeveer dezelfde voordelen.

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Analisten schrijven deze trend toe aan de aanhoudende rally in bitcoin. Tegelijkertijd zijn de vergoedingen voor de verwerking van transacties in het BTC-netwerk gestegen. Sinds eind oktober zijn de tarieven met bijna 200% gestegen. Sinds begin november hebben mijnwerkers $ 4,15 miljoen verdiend met provisieverwerking, wat ongeveer 20% van hun totale inkomen is.

Het CryptoQuant-team gelooft dat veel mijnbouwpools binnenkort hun opgebouwde bitcoins zullen gaan verkopen om de rally van november te verzilveren.

Eerder tweette de CEO van CryptoQuant, Ki Yang Joo, dat grote cryptocurrency-houders al begonnen zijn met het brengen van BTC naar beurzen. Dat is een alarmerend signaal voor de markt. Dezelfde expert gelooft echter dat miners zullen proberen te wachten op een hogere bitcoin-prijs om er het beste van te maken.

Previsione dei prezzi Bitcoin – Panoramica prezzi attuali

L’8 ottobre, i tori hanno contribuito a rompere il triangolo simmetrico, che ha alimentato il rally a 11.700 dollari. Ha segnato la fine di un periodo di stagnazione di 4 settimane che ha visto i trader e gli investitori accumulare la coppia BTC/USD. Il prezzo si è stabilizzato vicino a 11.170 dollari di resistenza in testa, mentre i trader a breve termine hanno registrato dei profitti. Gli orsi non si sono rallegrati molto, poiché i tori hanno di nuovo preso il prezzo senza sosta al di sopra del livello di $11.500, dando chiari segnali che un rally rialzista a lungo termine è in gioco.

La previsione del prezzo Bitcoin Code è attualmente in un territorio estremamente rialzista, poiché tutti gli indicatori tecnici e fondamentali puntano verso una continua impennata. Oggi, quasi 10 miliardi di dollari sono entrati nel mercato come da dati CoinMarketCap. C’è un’impennata delle posizioni lunghe intorno al livello di $11.500, il che significa un crescente interesse a penetrare la prossima resistenza a $12.000.

Qualsiasi calo verso il livello di $11.170 sarà un altro pitstop per i tori per caricare le loro munizioni. Una significativa attività delle balene si accumula più a sud, al livello di $10.550. Il sentimento si sposta verso l’acquisto delle immersioni.

Più avanti, c’è una resistenza di 11.910 dollari che coincide con il livello di Fibonacci di 0,786. I tori a breve termine prenoterebbero certamente i loro profitti qui prima di toccare la resistenza psicologica di 12.000 dollari. I tori dovranno raccogliere un volume significativo per abbattere i 12.000 dollari quando nelle prossime settimane si verificheranno più macro eventi.

Il movimento dei prezzi Bitcoin nelle ultime 4 ore

La previsione dei prezzi Bitcoin sta decisamente superando il limite superiore delle Bande di Bollinger a 11.600 dollari. Le bande sono allungate sul lasso di tempo orario riflettendo una tendenza al rialzo per penetrare fino a 11.600 dollari e stabilire una chiusura giornaliera al di sopra del livello di 11.500 dollari.

Le medie mobili mostrano segni di un imminente crossover rialzista. Il MACD è chiaramente in territorio positivo. Il ‘Relative Strength Index’ si aggira intorno ai 63 livelli che indicano un sottocorrente rialzista è molto intatto. Se gli acquirenti possono chiudere la giornata oltre il livello di 11.610 dollari, allora la coppia BTC/USD può eliminare rapidamente la resistenza di 12.000 dollari.

D’altra parte, la previsione ottimistica del prezzo Bitcoin può capovolgersi se il prezzo si immerge nella media mobile esponenziale a 20 giorni, che attualmente si trova a 10.863 dollari. Anche se improbabile, un movimento ribassista può negare i guadagni abbastanza rapidamente, dato che gli orsi sono pronti a ricaricare.

Grafico a 4 ore BTC/USD – Tutti gli indicatori tecnici puntano verso l’alto

La RSI si sta avvicinando alla regione dell’ipercomprato e i commercianti possono registrare piccoli profitti. Il grafico a 4 ore mostra chiaramente una tendenza al rialzo con spazio per lo stretching delle Bande di Bollinger. Una piccola correzione può essere una sana opportunità per i tori di spingere oltre i $ 11.700 e abbattere la tanto attesa resistenza di $ 12.000.

Anche se il prezzo si consolida in un intervallo compreso tra 11.170 e 11.466 dollari, la tendenza sarà di buon auspicio per i tori. Un ulteriore accumulo può avvenire con il formarsi di macro eventi nei prossimi giorni. Una chiusura al di sotto di 11.160 dollari porterà gli orsi nel quadro.

Il livello di ritracciamento di Fibonacci di 0,168 si attesta attualmente a 11.462 dollari. La coppia BTC/USD deve mantenersi al di sopra di questo livello per dipingere un quadro rialzista sull’orizzonte temporale giornaliero. C’è una resistenza critica tra $ 11.760 a $ 11.800, in quanto questi pivot di prezzo hanno giocato ruoli cruciali S / R sui grafici giornalieri.

Previsione dei prezzi Bitcoin – Tempo di abbattere la resistenza psicologica di 12.000 dollari

Il prezzo del Bitcoin è ora chiaramente guidato da fattori rialzisti, tra cui indicatori tecnici, fondamentali solidi, prospettive geopolitiche stabili, mercato azionario in crescita e interesse di acquisto istituzionale. Non c’è da stupirsi che i tori siano fiduciosi sulla base della previsione positiva del prezzo Bitcoin di abbattere la resistenza di 12.000 dollari nei prossimi giorni.

L’inventario rotabile dei minatori è attualmente superiore al 100 per cento. Il percorso di minor resistenza per la coppia BTC/USD punta verso l’alto, e i tori hanno lo slancio per portare avanti il prossimo rally. L’EMA a 50 giorni sostiene fermamente il prezzo di Bitcoin a 11.030 dollari. Qualsiasi correzione sarà gestita bene dai tori, poiché i punti di supporto multipli emergeranno solo come opportunità di acquisto.

Economist Benoît Cœuré spent 7 years on the Executive Board of the European Central Bank. He is now in charge of the innovation division of the Bank for International Settlements. In an interview for the Swiss daily Le Temps, he explains the BIS’ position vis-à-vis digital currencies.

Cash will not disappear

Like Christine Lagarde, Benoît Cœuré does not believe in a cashless society. He even states that citizens should be able to choose the means of payment they prefer.

“I believe that private and public money, on the one hand, and digital and physical means, on the other, will continue to coexist. »

The disappearance of coins and notes would be a factor of financial exclusion. He cites the case of those who cannot afford to buy a smartphone to use digital central bank money.

According to him, the measures taken to combat Covid-19 have favoured contactless payments. However, he points out that the likelihood of transmission of the virus through banknotes is low. This crisis therefore does not call into question the use of cash, as some had suggested.

Cryptos, an underestimated phenomenon

Facebook’s stablecoin project (Libra) has been a real shock to central banks. They would have made the mistake of “taking the cryptomoney from above”:

“Libra was a kind of alert for the central bankers, who were taking the phenomenon of cryptomoney from above. They didn’t consider them as ‘real’ currencies. »

For Benoît Cœuré, cryptos could partly replace public money. But there is one condition: their value must be stabilised. It is then the stablecoins that form the link between the concepts of cryptomoney and central bank money. The popular craze for cryptos is a sign of a lack of confidence in the financial system:

“The attraction for cryptos reveals the mistrust of a part of society towards the traditional financial system and shows that we have not finished our work as regulators. »

Obviously, we are interested in this unfinished regulatory work. Unfortunately, Benoît Cœuré has not been very forthcoming.

The role of central banks

According to the economist, it is not a question of banning initiatives, like Libra, but of regulating them. The axes of regulation: financial stability, protection of personal data and the fight against money laundering. The balance between respect for privacy and the fight against money laundering will determine the degree of anonymity desired. This choice is not a matter for central banks, but a political decision.

There is no urgent need to create a central bank cryptomonnaie. It is above all necessary to regulate the issuance of cryptomoney and stablecoins:

“The urgency is to build a solid regulatory framework for cryptoskills and stable corners. Issuing digital central bank money is less urgent, because payment systems work well. …] The payments systems have held up very well, thanks to the support provided by the central banks. »

Benoît Cœuré refers here to the various asset buyback programs implemented in recent years. An unconventional policy, but one that is very much a saving grace. The fact that the Fed now buys corporate bonds (CMBS) is an “innovation” for the former ECB. But it is interesting to note that he believes that the overwhelming role taken by central banks could endanger the banking system:

“If a central bank’s digital money becomes easily accessible to the general public, will citizens prefer to deposit their cash in their bank or at the central bank? This could weaken the banking system. »

Sleep well! BIS stabilises the financial system

Benoît Cœuré also mentions, in the interview, the role of the BIS Innovation Pole, that his department, created in 2019, is there to help central banks test different technologies. They do not concern all payment systems. Thus, open banking and banking supervision are at the heart of its concerns. Technologies such as artificial intelligence or machine learning will be used in the future.

The Bank for International Settlements was originally created to ensure the settlement of claims imposed on Germany by the Treaty of Versailles. Nicknamed the “truly useless bank” in the early 1930s, its role has since changed and its power is unparalleled. The private institution now counts 62 central banks among its shareholders. It sets global financial standards through the Financial Stability Board, IADI and IAIS.

Although Benoît Cœuré is a bit of a talker, we will nevertheless remember that the priority of our supranational bodies is not to issue an MNBC/CBDC. The regulation of cryptomoney in general and of the stablecoins in particular is imminent. As for the very positive opinion of the central banks on their monetary policy, there is no doubt that the digital banknote printing plate will heat up.