Market Wrap: Bitcoin colpisce di nuovo $ 40K mentre il volume Ether è in eruzione quest'anno

After closing out last week at over $40,000 on Sunday, bitcoin hit that price again Thursday while traders are pushing ether volumes to new liquidity levels.

  • Bitcoin (BTC) commercio in giro $39,318 come di 21:00 UTC (4 p.m. E). Guadagnando 8.5% rispetto al precedente 24 ore.
  • Gamma di 24 ore di Bitcoin: $36,125-$40,066 (CoinDesk 20)
  • BTC above the 10-hour and 50-hour moving averages on the hourly chart, un segnale rialzista per i tecnici di mercato.

Trading di bitcoin su Bitstamp da gennaio. 11.
fonte: TradingView

Bitcoin’s price was back to bull mode Thursday, steadily climbing to as high as $40,066, secondo CoinDesk 20 dati. It’s a reversal from this week’s bearish-to-sideways action, with the world’s oldest cryptocurrency at $39,318 al momento della stampa.

Leggi di più: Bitcoin Bounces, Options Market Sees 20% Possibilità di $ 50.000 a fine mese

“Bitcoin passing $40,000 was seen by many as inevitable, and reaching this level is just the continuation of a trend of smart money continuing to buy even as traders with less conviction shake out during sell-offs,” Guy Hirsch, amministratore delegato per gli Stati Uniti. presso il brokeraggio multi-asset eToro, ha detto a CoinDesk. The last time bitcoin was over $40,000 in the spot markets was Sunday, Jan. 10, prior to a precipitous fall opening the week.

Bitcoin’s historical price the past week.
fonte: CoinDesk 20

“Institutions are still buying up BTC in huge quantities,” said cryptocurrency over-the-counter trader Alessandro Andreotti. “I think this rally can continue as before, but it’s too early to call.”

In the derivatives market, funding rates are still in positive territory, signalling that leveraged traders are more than willing to pay up to pile more margin on long plays, according to data aggregator Skew.

BTC swaps funding on major derivatives venues.
fonte: Storto

“High volatility is having little impact on risk appetite,” noted Denis Vinokourov, capo della ricerca presso il brokeraggio crittografico Bequant. “Recent success in these opportunistic and somewhat ambitious market bets is also likely driving herd-like behavior.”

Infatti, volatility is high in the bitcoin market: The cryptocurrency’s 30-day realized volatility was at over 89% Wednesday, the highest it has been since April 17, 2020, when that metric was at 92% in the early days of coronavirus-induced turmoil across all markets.

La volatilità di 30 giorni di Bitcoin nell'ultimo anno.
(Shuai Hao / CoinDesk Research)
fonte: CoinDesk Research

Analysts don’t expect volatility in the cryptocurrency market to abate, which can actually be good for traders but can be horrendous for long-term investor balance sheets, particularly institutional funds with limited partners to whom they must answer.

“People need to understand that bitcoin is a hyper-asset with a built-in steam engine that is explosive up and down,” noted over-the-counter crypto trader Henrik Kugelberg. “With all the money printing and the sad developing spread of COVID-19 throughout the world, widespread agonizing economic hardship and a few more factors spell advantage to bitcoin.”

Chad Steinglass, head of trading for digital assets capital markets firm CrossTower, agrees gyrations in crypto will continue. “I believe that the trend of bull runs briefly interrupted by short duration profit taking dips will continue for the foreseeable future.”

Ether volume bonanza so far in 2021

Etere (ETH), la seconda più grande criptovaluta per capitalizzazione di mercato, giovedì, commercio in giro $1,210 e arrampicata 8.5% in 24 ore a partire da 21:00 UTC (4:00 p.m. E).

In 2020, ether volumes on the eight major CoinDesk 20 spot exchanges averaged $231 million per day. In 2021 finora, those volumes are up almost twelvefold, averaging $2.7 miliardi al giorno.

Ether volumes on major spot exchanges the past year.
(Shuai Hao / CoinDesk Research)
fonte: CryptoCompare

Brian Mosoff, chief executive officer of investment firm Ether Capital, noted decentralized finance, o DeFi, as a spark leading to volumes beginning to rise in 2020. For 2021, Mosoff cites the ongoing bull run and new derivatives tools coming online for traders.

Leggi di più: Paxos Makes Fresh Push for DeFi Market With New Oracle Integration

“Although 2020 ended in a bull market, the first half of the year saw the ETH prices average just a couple hundred dollars and a lack of positive sentiment due to the prolonged bear market and then COVID-19,” Mosoff said. ”Adding fuel to the fire, 2021 has kicked off with the continuation of the crypto bull and the pending launch of the CME futures and institutions waking up to the narrative around Ethereum’s value proposition.”

Altri mercati

Risorse digitali su CoinDesk 20 sono mescolati giovedì, mostly in the green. Vincitori notevoli a partire da 21:00 UTC (4:00 p.m. E):

Notevoli perdenti:

Leggi di più: Sci-Hub Leaves Handshake Blockchain After 2 Days, Citing Centralization

Materie prime:

  • Il petrolio era in aumento 1.4%. Prezzo al barile di greggio West Texas Intermediate: $53.59.
  • L'oro era nel verde 0.12% e a $1,847 al momento della stampa.

Treasurys:

  • I 10 anni degli Stati Uniti. Treasury bond yield climbed Thursday jumping to 1.126 e nel verde 3.6%.

Il CoinDesk 20: Le risorse che contano di più per il mercato

Divulgazione

Blocciamo gli annunci! (Perché?)

fonte: Coindesk

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