Bitcoin has rallied almost 40% since Jan. 1, with the majority of gains happening during U.S. trading hours, data tracked by realMatrixport show. reports godbole17
Bitcoin is having its best start to the year since 2013. The price of the largest cryptocurrency by market capitalization has jumped 40% this month amid weakness in the U.S. dollar. The rally has been powered predominantly by stateside buyers, observers say.
"We interpret this as a clear signal that U.S. institutions are buyers of bitcoin right now," Thielen added.Unlike stocks, bitcoin – and cryptocurrencies in general – trade 24 hours, allowing observers to keep track of order flows across different timeframes and infer the source of buying or selling pressure.in bitcoin futures listed on the Chicago Mercantile Exchange.
Deutsche Digital Assets made a similar observation earlier this month, drawing attention to the uptick inas evidence of increased buying interest from sophisticated U.S.-based investors relative to retail investors.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Suspect convicted in violent 2013 Telegraph Hill burglary/sexual assaultA San Francisco jury has convicted Jovan Jones of several counts stemming from the violent sexual assault and robbery of a woman in her Telegraph Hill apartment in 2013.
Baca lebih lajut »
Apple couldn't save the smartphone industry from its worst year since 2013The personal-computer market just capped off a bad year, but the smartphone market suffered more—at least by one metric.
Baca lebih lajut »
Smartphone shipments plunge to a low not seen since 2013 — their largest ever declineApple maintained its position as the top smartphone maker in the world, shipping 72.3 million iPhones in the fourth quarter, down 14.9% year on year, IDC said.
Baca lebih lajut »
How a Spinout Destroyed the Michael Waltrip Racing NASCAR Team in 2013NASCAR 75: No. 51 in a series of 75 stories that helped define the first three quarters of a century of NASCAR.
Baca lebih lajut »
How a Spinout Destroyed the Michael Waltrip Racing NASCAR Team in 2013NASCAR 75: No. 51 in a series of 75 stories that helped define the first three quarters of a century of NASCAR.
Baca lebih lajut »
Bitcoin mining report: Jan. 25Bitcoin mining stocks were mostly lower on Wednesday.
Baca lebih lajut »