|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||62.00|
Cboe Global Markets began Bitcoin futures trading Sunday, under the ticker XBT, a milestone for the cryptocurrency. Bitcoin prices have been soaring in wild fashion in recent weeks.
The long awaited Bitcoin Futures launch tonight. My expectation is for underwhelming volume and better selling (the GBTC premium to NAV caught my eye). And I do take liberties with a famous seasonal poem - to hopefully make you smile while waiting for those first trades.
Another day, another frantic turn for Bitcoin. The cryptocurrency slid 8% Friday. A top banking regulator compared Bitcoin to the historic "tulip bulbs" craze.
Comparing it to bubbles of the past, Ned Davis Research Group's technical strategist Will Geisdorf, in a client report published today, noted the only historical bubble that rivals the price movement of bitcoin was the Great Silver Spike of 1980. Brothers Nelson Bunker Hunt and Herbert Hunt created a bubble in silver prices pushing it from $6 an ounce in early 1979 to more than $50 an ounce in January 1980. The ad read: "We think it is unconscionable for anyone to hoard several billion, yes billion, dollars worth of silver and thus drive the price up so high that others must pay for articles made of silver, from baby spoons to tea sets, as well as photographic film and other products." That isn't unlike Interactive Brokers' Thomas Peterffy's open letter ad in the Wall Street Journal.
Stocks are up, and a major Bitcoin ETF looks poised to hold last week's tremendous gains. Apple is presenting a potential follow-on buy point.
Stocks rose Friday on a better-than-expected jobs report and as Microsoft led the Dow Jones industrial average.
By now, you’re probably sick and tired of hearing about the price appreciation of bitcoin. Especially if the friends or family who told you to invest earlier were bragging about profits over Thanksgiving ...
The price of bitcoin surged Thursday, climbing 40% in 40 hours to above $16,000. It and other cryptos have seen astronomical growth this year, but investors who can't own bitcoin outright in their portfolios might want to consider other ideas leveraged to bitcoin and blockchain. Thomas Lee, bitcoin bull and managing partner of Fundstrat, published a note Friday morning highlighting 12 stocks that benefit from bitcoin gains, transaction activity, and mining. Among names that stand to gain the most from bitcoin price moves is Bitcoin Investment Trust (GBTC), which is down about 6% so far this morning, according to Morningstar.
As bitcoin has become more mainstream, investors are starting to identify potential risks in buying and holding the cryptocurrency for the long-term. While bitcoin bears often talk about its lack of intrinsic ...
If you're not buying into the bitcoin hype, now could be the time to go short, as fees related to placing a short bet on the cryptocurrency could more than double when bitcoin futures go live next week....
Goldman Sachs (GS) confirmed on Thursday that it will clear Bitcoin futures for certain clients once trading goes live on the Chicago Board Options Exchange this Sunday. Other banks, including Bank of America (BAC) and Citigroup (C), are not expected to clear futures right off the bat, the Wall Street Journal reported. Goldman released the following statement: “As a leading FCM [Futures Commission Merchant], we are committed to providing clearing services to our clients across all major futures exchanges and contracts.
You may even be able to invest in cryptocurrency through your retirement account. You can also “mine” bitcoin, creating valid decryption keys by either using a service or using your own computer. When you find a new answer to the bitcoin puzzle, you own it. Each cryptocurrency coin is one answer to a puzzle set out by a currency blockchain. The value of those answers will rise, or fall, in an open market process, sometimes with dizzying speed.
Bitcoin has sparked a feud between a senior Wall Street regulator and a top union official.
Update: Since we first published this post, bitcoin has crossed the $16,000 mark. As of 11:27 a.m., it's up 25.11% at $16,569. Bitcoin is at again, breaking another round number on its seemingly unstoppable ...
Bitcoin Investment Trust (GBTC) soared 8% to $1,800 so far today, trading at a 70% premium to its net asset value. Investors who weren't keen on paying for that premium, in addition to the 2% fee, don't have to wait very long for alternatives. Regulators have given CME Group (CME) and Cboe Holdings (CBOE) the go-ahead to launch futures trading.
Bitcoin surged to yet another new all-time high Thursday, crossing above the $15,000 level for the first time. But while some onlookers see bitcoin and other cryptocurrencies as a massive financial bubble ...
Bitcoin flew past $13,000 on Wednesday afternoon just hours after crossing $12,000, the latest sign of the cryptocurrency's enormous momentum. Bitcoin is up 1,200% this year, and has been hitting new milestones at a faster and faster pace. Bitcoin is being embraced by more established traders, and is set to start trading on the Chicago Board Options Exchange on Sunday.
The price of bitcoin crossed $13,000 on Wednesday afternoon, the latest milestone in the cryptocurrency's massive rise.
NEW YORK, NY / ACCESSWIRE / December 6, 2017 / U.S. markets slumped Tuesday as the recent sell of technology stocks continued. The Dow Jones Industrial Average declined 0.45 percent to close at 24,180.64, ...