News list for "Bitcoin Continues"
Bitcoin has set another all-time high as options traders aim for higher price ranges. As Bitcoin broke through the $113,000 mark for the first time, the Deribit exchange's unpositioned squaring contract was clearly concentrated towards the strike price 115,000 and $120,000 call options. Longer term options expiring in late September and December, the unpositioned squaring contract has been extended to the strike price of $140,000 and $150,000. This breakthrough rally, fueled by institutional dem...
JPMorgan analysts released a report saying, "As Bitcoin continues to become mainstream, the demand for electricity will increase. Bitcoin is not the only cryptocurrency that requires a mining process, but it is the largest. Bitcoin is the largest proof-of-work (PoW) protocol to date. From a fundamental perspective, we believe that within the next 10 years, Bitcoin's...
