BTCBreaks86k
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#BTCBreaks86k Bitcoin is trading at record high near $85,000. Is it a good time to buy?
Bitcoin reached an all-time high near $85,000 on Monday, amid enthusiasm that digital assets may face a more friendly regulatory environment after Donald Trump won the U.S. presidential election last week.
The largest cryptocurrency BTCUSD hit a record high at $84,989 on Monday, according to Dow Jones Market Data. It traded at around $84,938 early afternoon on Monday, up 102% year to date.
Several industry participants are bullish that bitcoin could go even higher by the end of the year.
Matt Hougan, chief investment officer at Bitwise, said he expects bitcoin to reach as high as $100,000 by the end of the year, and $200,000 by the end of 2025, as Trump has vowed to appoint a crypto-friendly chair to the Securities and Exchange Commission and build a bitcoin reserve in the U.S.
Still, investors should remain cautious, with bitcoin being highly volatile.
The market is currently in a “state of euphoria,” analysts at QCP Capital wrote in a Monday note.
Basis yields of bitcoin perpetual futures, which refer to the difference between the spot price of an asset (in this case bitcoin) and the price of perpetual futures, stand at seven-month highs. It shows that leverage is at an elevated level in the market.
“While we remain structurally bullish, we are cautious of any pullbacks, especially from leveraged washouts,” the QCP analysts noted. “Historically, such spikes in basis yields have not lasted very long either.”
Meanwhile, investors will be closely watching whether Trump will continue to signal support for digital assets, and whether and how he might deliver his promises to the crypto industry.#BTCBreaks86k $BTC
Bitcoin reached an all-time high near $85,000 on Monday, amid enthusiasm that digital assets may face a more friendly regulatory environment after Donald Trump won the U.S. presidential election last week.
The largest cryptocurrency BTCUSD hit a record high at $84,989 on Monday, according to Dow Jones Market Data. It traded at around $84,938 early afternoon on Monday, up 102% year to date.
Several industry participants are bullish that bitcoin could go even higher by the end of the year.
Matt Hougan, chief investment officer at Bitwise, said he expects bitcoin to reach as high as $100,000 by the end of the year, and $200,000 by the end of 2025, as Trump has vowed to appoint a crypto-friendly chair to the Securities and Exchange Commission and build a bitcoin reserve in the U.S.
Still, investors should remain cautious, with bitcoin being highly volatile.
The market is currently in a “state of euphoria,” analysts at QCP Capital wrote in a Monday note.
Basis yields of bitcoin perpetual futures, which refer to the difference between the spot price of an asset (in this case bitcoin) and the price of perpetual futures, stand at seven-month highs. It shows that leverage is at an elevated level in the market.
“While we remain structurally bullish, we are cautious of any pullbacks, especially from leveraged washouts,” the QCP analysts noted. “Historically, such spikes in basis yields have not lasted very long either.”
Meanwhile, investors will be closely watching whether Trump will continue to signal support for digital assets, and whether and how he might deliver his promises to the crypto industry.#BTCBreaks86k $BTC
VERY IMPORTANT QUESTION ⁉️
Are always market makers at the other side of our trades? Or are we trading against each other? What're your answers?
In trading, whether you’re trading against market makers or other individual traders can vary based on the market structure, trading platform, and type of asset. Here’s a breakdown:
1. Market Makers:
In many markets, especially in highly liquid ones like stocks, forex, and certain futures markets, market makers are often on the other side of trades. Their role is to provide liquidity, ensuring that there are buy and sell orders available, which helps with smoother, more efficient transactions. Market makers profit from the bid-ask spread, not from betting against traders.
2. Other Traders:
On some platforms, particularly those in the cryptocurrency space or decentralized exchanges, trades are often directly matched between buyers and sellers without market makers. Here, you may be trading directly with other participants. In such cases, prices are set based on supply and demand, and you're essentially trading against the crowd rather than a single entity like a market maker.
3. Hybrid Scenarios:
In some cases, like electronic trading on exchanges, a mix of both occurs: market makers provide liquidity, but orders from other individual traders may also fill your order.
In summary, whether you’re trading against market makers or other traders depends on the platform and asset type. In liquid markets, market makers are more likely to be involved; in peer-to-peer or less liquid markets, you're often trading directly against other traders.
$BTC $ETH #BTCBreaks86k #HaveYouBinanced #AltCoinRush #EthereumRally #MicrosoftBitcoinRejection
Are always market makers at the other side of our trades? Or are we trading against each other? What're your answers?
In trading, whether you’re trading against market makers or other individual traders can vary based on the market structure, trading platform, and type of asset. Here’s a breakdown:
1. Market Makers:
In many markets, especially in highly liquid ones like stocks, forex, and certain futures markets, market makers are often on the other side of trades. Their role is to provide liquidity, ensuring that there are buy and sell orders available, which helps with smoother, more efficient transactions. Market makers profit from the bid-ask spread, not from betting against traders.
2. Other Traders:
On some platforms, particularly those in the cryptocurrency space or decentralized exchanges, trades are often directly matched between buyers and sellers without market makers. Here, you may be trading directly with other participants. In such cases, prices are set based on supply and demand, and you're essentially trading against the crowd rather than a single entity like a market maker.
3. Hybrid Scenarios:
In some cases, like electronic trading on exchanges, a mix of both occurs: market makers provide liquidity, but orders from other individual traders may also fill your order.
In summary, whether you’re trading against market makers or other traders depends on the platform and asset type. In liquid markets, market makers are more likely to be involved; in peer-to-peer or less liquid markets, you're often trading directly against other traders.
$BTC $ETH #BTCBreaks86k #HaveYouBinanced #AltCoinRush #EthereumRally #MicrosoftBitcoinRejection
Bitcoin hits new $85K high, with just 17% left for BTC $100K record#BTCBreaks86k #HaveYouBinanced
Bitcoin’s price is now just 17% away from surpassing the $100,000 mark, which could occur before the end of 2024 due to Trump’s presidential victory, analysts told Cointelegraph.
Bitcoin’s
BTC
tickers down
$86,254
price breached a new all-time high of $85,000 at 18:41 pm in UTC, Cointelegraph data shows.
The new all-time high comes a week after former President Donald Trump won the 2024 elections in the United States, securing his second term in office.
The new $85,000 record high puts Bitcoin’s price just 17.6% away from reaching the psychological $100,000 mark, which could occur before the end of 2024.#BTCBreaks86k $BTC
Bitcoin’s price is now just 17% away from surpassing the $100,000 mark, which could occur before the end of 2024 due to Trump’s presidential victory, analysts told Cointelegraph.
Bitcoin’s
BTC
tickers down
$86,254
price breached a new all-time high of $85,000 at 18:41 pm in UTC, Cointelegraph data shows.
The new all-time high comes a week after former President Donald Trump won the 2024 elections in the United States, securing his second term in office.
The new $85,000 record high puts Bitcoin’s price just 17.6% away from reaching the psychological $100,000 mark, which could occur before the end of 2024.#BTCBreaks86k $BTC