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Bitcoin logo is seen on a mobile phone. (Photo by Omar Marques/SOPA Images/LightRocket via Getty Images)

The bitcoin price just dropped $200 to slightly above $6,000 before leaping to near $6,500 as the original cryptocurrency continues to battle against volatility, with the price dip reflected in the likes of other major cryptocurrencies ethereum, ripple, and EOS.

Bitcoin short selling and sell orders are building ahead of the U.S. Securities and Exchange Commission’s expected decision later this month on a closely watched exchange-traded fund proposal through the Chicago Board of Exchange (CBOE) and brought by New York-based VanEck and blockchain platform SolidX.

A bitcoin exchange-traded fund would make it easier for investors to buy into digital tokens, potentially injecting a fresh wave of capital into bitcoin and other cryptocurrencies.

As bitcoin sell orders and short positions increase it means the digital token is more susceptible to sudden jumps as automated trades try to stay ahead of the market.

The bitcoin price has been sold off heavily this year, dropping from near $20,000 late last year to just $6,000 today, dragging many other major cryptocurrencies with it as investors worry over increased regulation and if widely expected institutional money, via the likes of U.S. investment bank Goldman Sachs, will ever appear.

The bitcoin price continues to jump around, potentially damaging attempts to bring in institutional money.CoinDesk

Bitcoin short positions nudged their all-time highs during September, signaling that traders are increasingly betting that bitcoin will fall further than it already has this year.

On September 1, a 10,000 bitcoin short position was opened. Bitcoin shorts first reached their highest year-to-date position on April 9, while bitcoin was trading at around $7,000.

Bitcoin’s continued volatility could mean the U.S. SEC opts to again back away from a bitcoin ETF, something it has previously rejected due to fears around bitcoin’s wild price swings and possible price manipulation.

Bitcoin cash was the only one of the top five biggest cryptocurrencies not to rebound with bitcoin.CoinMarketCap

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Bitcoin logo is seen on a mobile phone. (Photo by Omar Marques/SOPA Images/LightRocket via Getty Images)

The bitcoin price just dropped $200 to slightly above $6,000 before leaping to near $6,500 as the original cryptocurrency continues to battle against volatility, with the price dip reflected in the likes of other major cryptocurrencies ethereum, ripple, and EOS.

Bitcoin short selling and sell orders are building ahead of the U.S. Securities and Exchange Commission’s expected decision later this month on a closely watched exchange-traded fund proposal through the Chicago Board of Exchange (CBOE) and brought by New York-based VanEck and blockchain platform SolidX.

A bitcoin exchange-traded fund would make it easier for investors to buy into digital tokens, potentially injecting a fresh wave of capital into bitcoin and other cryptocurrencies.

As bitcoin sell orders and short positions increase it means the digital token is more susceptible to sudden jumps as automated trades try to stay ahead of the market.

The bitcoin price has been sold off heavily this year, dropping from near $20,000 late last year to just $6,000 today, dragging many other major cryptocurrencies with it as investors worry over increased regulation and if widely expected institutional money, via the likes of U.S. investment bank Goldman Sachs, will ever appear.

The bitcoin price continues to jump around, potentially damaging attempts to bring in institutional money.CoinDesk

Bitcoin short positions nudged their all-time highs during September, signaling that traders are increasingly betting that bitcoin will fall further than it already has this year.

On September 1, a 10,000 bitcoin short position was opened. Bitcoin shorts first reached their highest year-to-date position on April 9, while bitcoin was trading at around $7,000.

Bitcoin’s continued volatility could mean the U.S. SEC opts to again back away from a bitcoin ETF, something it has previously rejected due to fears around bitcoin’s wild price swings and possible price manipulation.

Bitcoin cash was the only one of the top five biggest cryptocurrencies not to rebound with bitcoin.CoinMarketCap

(Excerpt) Read more Here | 2018-09-19 20:00:42

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