Another Wall Street institution prepares to buy Bitcoin (BTC)

Guggenheim Partners has filed an amendment with the U.S. Securities and Exchange Commission (SEC) to allow its $5 billion Macro Opportunities Fund to gain exposure to Bitcoin.

Another Wall Street institution is preparing to buy Bitcoin (BTC).
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Guggenheim prepares to buy BTC
A filing with the U.S. Securities and Exchange Commission (SEC) indicates that the next Wall Street institution to take a public position in Bitcoin could also be among the largest to date: Guggenheim Partners.

Guggenheim Partners invests in various asset classes on behalf of corporations, pension funds and sovereign wealth funds. Headquartered in New York City, the firm employs 2,400 people in 17 cities across the United States, Europe and Asia and has more than $275 billion in assets under management.

The company told the SEC on Friday 27 November :

„The Guggenheim Macro Opportunities Fund seeks to gain exposure to Bitcoin indirectly by investing up to 10% of its net asset value in Grayscale Bitcoin Trust (GBTC)“.

The Guggenheim Macro Opportunities fund is currently reported to have $5.3 billion in assets under management. This would allow the fund to invest up to $500 million in BTC.

According to the company’s website, the fund aims to provide exposure „to the investment team’s most compelling ideas in the current market environment“ and „the strategy opportunistically allocates funds into assets to potentially enhance returns or mitigate risk“.

ūüĎČ For more information, see our Bitcoin dossier
Grayscale holds 500,000 BTC
Grayscale would hold approximately 509,581 BTC. Grayscale’s investment solution allows investors to gain indirect exposure to cryptosystems, in the form of securities, while avoiding the difficulties associated with purchasing and storage.

Grayscale’s Total Assets Under Management (AUM) currently stands at approximately $10.4 billion in cryptosurveillance. The fund dedicated to the BTC called Grayscale Bitcoin Trust (GBTC) is Cryptosoft naturally the largest with a value of $9.05 billion.

Grayscale AUM

AUM de Grayscale at 27.11.20

The fund also holds $1.37 billion of Ethers and has under management Litecoin (LTC), XRP, Stellar (XLM), ZCash (ZEC) and Horizen (ZEN).

The strong growth of the Grayscale fund and the Guggenheim initiative appear to be part of a series of investments indicating increased acceptance of Bitcoin by institutional and professional investors.

Translated with www.DeepL.com/Translator (free version)

Il prezzo del Bitcoin scende sotto i 16.900 dollari mentre i depositi delle balene aumentano di nuovo

Bitcoin perde 17.000 dollari quando le balene iniziano a depositare BTC per gli scambi.

Il prezzo del Bitcoin (BTC) √® sceso di nuovo sotto i 16.900 dollari il 27 novembre nelle borse pi√Ļ importanti, tra cui Binance. Il recente ritiro arriva con l’aumento dei depositi di scambio delle balene.

Ki Young Ju, l’amministratore delegato di CryptoQuant, ha riferito che l’indicatore All Exchange Inflows Mean ha raggiunto la „zona di pericolo“. Storicamente, questo ha fatto s√¨ che BTC subisse correzioni a breve termine.

Bitcoin lotta per riguadagnare slancio oltre i 17.000 dollari

Dopo che il prezzo del Bitcoin √® sceso brevemente a 16.200 dollari il 27 novembre, ha iniziato a mostrare alcuni segnali di ripresa. √ą rimasto sopra il livello di 17.000 dollari per oltre 11 ore prima che un’altra gamba scendesse.

A seguito del forte calo del Bitcoin, ci si aspettava una bassa volatilità dei prezzi. Il precedente calo del 26 novembre ha decimato i portafogli di ordini di borsa, in particolare nel mercato dei futures. Centinaia di milioni di dollari di contratti a termine sono stati liquidati in diverse ore, come riportato da Cointelegraph Markets.

Ma non appena le balene hanno cominciato a depositare BTC negli scambi, il prezzo ha cominciato a scendere. Questo suggerisce che probabilmente ci sono stati molti trader che hanno comprato il calo del mercato dei derivati e che potrebbero essere spinti fuori.

Ki ha scritto il 27 novembre:

„Le balene di BTC stanno depositando in borsa. Mi aspetto il dumping nel breve periodo. Tutte le Borse hanno raggiunto 2 BTC (144 blocchi MA). Penso che siamo in una zona di pericolo. √ą probabile che il prezzo vada di traverso o che scenda quando le balene sono attive in borsa“.

Alcuni trader, come lo pseudonimo dell’investitore Bitcoin conosciuto come „Bitcoin Jack“, hanno previsto questo scenario. Ha detto che gli investitori probabilmente si affretterebbero ad acquistare il ribasso in anticipo, portando ad un altro calo.

Il 26 novembre, dopo aver previsto un picco vicino al massimo storico, il trader ha detto:

„Un altro fatto provato: quando il prezzo corregge lo stile Bitcoin, il 90% comprer√† troppo presto e quando il prezzo scende, vender√† il fondo“.

Seguendo la previsione iniziale, il trader ha anche detto che il Bitcoin probabilmente scender√† o si consolider√† per una settimana prima di iniziare a macinare verso l’alto.

Dov’√® il fondo?

Le aspettative del fondo Bitcoin a breve termine variano. Alcuni trader si aspettano che il livello di $16.000 si mantenga, mentre altri prevedono $15.000 e persino $14.000.

Un trader pseudonimo noto come „Beatlorion“ ha detto che un calo al di sotto dei $15.000 √® diventato una possibilit√†. Anche se BTC potrebbe non scendere cos√¨ in basso, il trader ha detto di sentirsi pi√Ļ fiducioso nel shorting che nel desiderio in questo ambiente.

Ha detto:

„Ho chiuso i miei long, non mi fido di questo rimbalzo e sono rientrato in posizione short. Alla ricerca di un dump al di sotto dei 15.000 dollari. Mi aspettavo qualcosa del genere. Ho fatto delle soste nel caso in cui mi sbagliassi, ma mi sento meglio a cortocircuitare questo che a desiderare“.

Nel frattempo, il popolare trader di Bitcoin Tone Vays ha detto il 25 novembre che si aspetta che alla fine Bitcoin scenda ancora di pi√Ļ al livello di supporto di 14.000 dollari.

Come riportato da Cointelegraph Markets, questa zona da $14.000 dovrebbe servire come supporto cruciale, in quanto ha segnato la vetta del ciclo dei tori nell’estate del 2019.

Bitcoin daalt kortstondig onder $18K terwijl ETH ontkoppelt van BTC

Market Wrap: Bitcoin daalt kortstondig onder $18K terwijl ETH ontkoppelt van BTC.

Bitcoin dook onder de $18.000 voordat het herstelt op een hoger dan gemiddeld spotvolume. Ondertussen tonen de prijsprestaties van de ether een afwijking van de bitcoin.

  • Bitcoin (BTC) handelend rond $18.374 vanaf 21:00 UTC (4 p.m. ET). Het uitglijden van 0,85% over de afgelopen 24 uur.
  • Bitcoin’s 24-uurs bereik: $17.990-$18.752 (CoinDesk 20).
  • BTC ligt onder zijn 10-dagen en 50-dagen voortschrijdend gemiddelde, een bearish signaal voor markttechnici.

De prijs van Bitcoin was maandag alomtegenwoordig en lag onder de $18.000. Vervolgens werd er een Bitcoin Superstar prijs van $18.752 betaald voordat er een regeling werd getroffen voor $18.374 perstijd.
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Gezien de volatiliteit van ’s werelds oudste cryptocentrische valuta’s maandag bleek dat meer handelaren op de knop ‚verkopen‘ drukten.

„Waarschijnlijk zullen we de $19.000 mark aanraken voor het begin van een correctie“, merkte Constantin Kogan op, managing partner bij Wave Financial.

Een andere week is begonnen met hoger dan normale USD/BTC-vlekvolumes, een factor die vorige week tot de bullish run van de bitcoin leidde. Vanaf de perstijd werd het dagelijkse volume op $907 miljoen gebracht, veel hoger dan het dagelijkse gemiddelde van de afgelopen maand van $489 miljoen.

„Een terugtrekking net onder de recordhoogte is niet onverwacht en het zal zelfs gezond zijn,“ zei David Lifchitz, chief investment officer van kwantumhandelsfirma ExoAlpha. „Wij konden bitcoin zien die zich zijwaarts van hier in een $18.000-$19.000 waaier beweegt of misschien zelfs terugtrekken aan $16.000 alvorens een nieuw bereik bij de hoogte van alle tijden te proberen“.

Bitcoin’s recordprijs is $19.783 op 4 november 2017, volgens CoinDesk 20 gegevens.

Bron: CoinDesk 20 Bitcoin Prijsindex

Analisten houden een oogje in het zeil op de Chinese cryptostromen om aan te geven waar de prijs naartoe zou kunnen gaan. China-gerichte uitwisseling OKEx, bijvoorbeeld, heeft geen uitstroom gehad sinds 16 oktober na het stopzetten van de opnames. Sindsdien is de prijs van bitcoin gestegen tot meer dan $18.000 van $11.500, terwijl OKEx-gebruikers geen enkele crypto van de beurs hebben kunnen opnemen.

Darius Sit, managing partner van het quaint firm QCP Capital. zei dat OXEx „mogelijk heeft bijgedragen“ aan de prijsstijging, maar dat er een groter probleem is ontstaan op het vasteland. „Het is niet alleen OKEx maar over de hele linie – moeilijkheden met het krijgen van fiat“ uit China, zit toegevoegd.

„Het OKEx-verhaal is gewoon raar,“ zei George Clayton, managing partner van investeringsfirma Cryptanalysis Capital. OKEx is „enorm, maar met alle institutionele stroom rond crypto, denk ik niet dat de status van een enkele beurs genoeg is om de prijzen te be√Įnvloeden buiten de typische dagelijkse volatiliteit“.

Het is inderdaad mogelijk dat institutionele beleggers, die zich opstapelen, helpen bij het absorberen van eventuele problemen die in China gevestigde crypto-bedrijven kunnen hebben. De derivatenmarkt is hier een teken van, want de bitcoin futures raakten zondag $7 miljard in open rente, met een institutioneel trefpunt CME van $1 miljard.

King Bitcoin continues to dub Prince Ethereum

The king confirms the prince – Throughout 2020, DeFi has created a place of choice in the crypto ecosystem. Initially reserved for Ethereum, it has opened up to other cryptocurrencies, such as King Bitcoin.

Bitcoin invades Ethereum

After recently passing the symbolic mark of $ 2 billion tokenized on the Ethereum network , the number of bitcoins continues to increase.

Today, almost 153,000 bitcoins have been tokenized on Ethereum , registering an increase of 13,800% since early 2020.

In practice, 0.82% of the 18.5 million BTC in circulation has been tokenized on Ethereum , the equivalent of 4.77% of Ethereum’s total market capitalization

On its own, wBTC represents 80.7% of tokenized bitcoins . An unstoppable wBTC, on the verge of exceeding $ 2 billion tokenized, with currently the equivalent of $ 1.9 billion in wBTC issued.

This value is likely to increase as new DeFi projects integrate tokenized versions of bitcoin.

Binance Futures overgår BitMEX, bliver den mest likvide Bitcoin evige swap

If√łlge data fra Skew har Binance Futures nu den mest likvide Bitcoin evige swap-kontrakt. Det overgik BitMEX, som blev unders√łgt af amerikanske regulatorer i begyndelsen af oktober.

Binance Futures, Binance futures exchange arm, der blev lanceret i september 2019. Siden da er det blevet en af de st√łrste futures b√łrser sammen med OKEx og cme¬†Bitcoin Lifestyle futures.

Binance Futures er allerede den st√łrste Bitcoin futures-udveksling i volumen

I kumulativ daglig volumen er Binance Futures allerede den st√łrste Bitcoin futures exchange. Den behandler 6,2 milliarder dollars dagligt, hvilket er h√łjere end Huobi og OKEx, baseret p√• Skews data.

Figuren er imponerende af to grunde. For det f√łrste viser den den hurtige v√¶kst i Binance Futures i l√łbet af 13 m√•neder.

For det andet har b√łrsen integreret mange alternative kryptokurver p√• sin futuresplatform bortset fra Bitcoin. Det betyder, at den samlede daglige volumen af ‚Äč‚Äčhele futuresb√łrsen er meget st√łrre end dens Bitcoin futures-volumen.

Forskerne ved Skew sagde:

„Binance overhalede BitMEX i denne m√•ned som # bitcoins mest likvide evige swap.“

Den bratte standsning af tilbagetr√¶kninger p√• OKEx, sonden mod BitMEX og usikkerheden omkring st√łrre b√łrser f√łrte til en samlet stigning i eftersp√łrgslen efter Binance Futures.

BitMEX-sonden hjalp Binances dominans

Det var ikke l√¶nge siden, da BitMEX var den mest dominerende akt√łr p√• Bitcoin-futuresmarkedet.

Den 12. maj 2019 sagde BitMEX-direkt√łr Arthur Hayes, at udvekslingen n√•ede 10 milliarder dollars i 24-timers volumen. P√• det tidspunkt steg eftersp√łrgslen efter BTC, og i de n√¶ste to m√•neder derp√• fulgte BTC $ 14.000.

Imidlertid er den daglige m√¶ngde af BitMEX trukket tilbage efter Justitsministeriets sonde mod BitMEX. DoJ anklagede udvekslingen af ‚Äč‚Äčovertr√¶delse af bankhemmeligholdelsesloven og opkr√¶vede virksomhedens ledende medarbejdere. Fungerende Manhattan-amerikanske advokat Audrey Strauss sagde:

‚ÄĚSom p√•st√•et overtr√•dte disse tiltalte denne forpligtelse og forpligtede sig til at drive en p√•st√•et ‚off-shore‘ kryptob√łrs, mens de fors√¶tligt ikke gennemf√łrte og opretholdt endda grundl√¶ggende anti-hvidvaskningspolitikker. P√• den m√•de tillod de angiveligt BitMEX at fungere som en platform i skyggen af ‚Äč‚Äčde finansielle markeder. ‚ÄĚ

Oven p√• begivenhederne omkring BitMEX katalyserede den nylige stigning i Bitcoins volatilitet yderligere b√łrsens volumen.

Bitcoin-futures registrerede specifikt en betydelig stigning i volumen, da den l√łbende overgik alternative kryptokurver.

Ethereum er for eksempel faldet med mere end 10% m√•ned til dato over for Bitcoin. Da BTC tager en st√łrre andel af kryptovalutamarkedets volumen, vil det l√łbende √łge futuresmarkedets volumen og √•bne interesse.

I det mindste på kort sigt ser analytikere ikke altcoin-markedet rally mod Bitcoin. Mohit Sorout, en partner hos Bitazu Capital, sagde:

„Du kender altcoin-rallyet, n√•r alt hvad du ser er memes om det, du ved, det dykker ned ad en klippe, n√•r alle begynder at tale om det grundl√¶ggende igen.“

Trump or Biden – Is Bitcoin prepared for an earthquake in the US elections?

The Bitcoin exchange rate skyrocketed in the run-up to the US elections and increased massively by 30 percent in October.

For a short time, digital gold even reached highs that investors have not seen since early 2018. What consequences does the outcome of the US elections have for Bitcoin?

This week, a geopolitical event is on the agenda that traditionally causes turmoil in the markets and also in Bitcoin.

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At the end of October, the American stock indices recorded the worst trading week since the corona crash began in March. In return, Bitcoin showed decoupling tendencies from the stock exchange floor and at the same time heralded a crisp rally. In the last two weeks, digital gold has risen in value by around 2,000 US dollars and thus by 17 percent. The result was a bullish overall mood among Bitcoin investors, which was last felt in 2017.
How does the election outcome affect Bitcoin?

In the US presidential election, many believe in the victory of the Democratic challenger Joe Biden. In addition, some analysts suspect that no matter who becomes the new US president, safe havens such as gold or Bitcoin will be among the winners.

So whether the U.S. government is led by Joe Biden or Donald Trump, Bitcoin would benefit. Grayscale CEO Barry Silbert believes that both Trump and Biden will provide BTC momentum.

In his opinion, both politicians will continue the expansive monetary policy of recent years. In view of a second corona wave in the US and the associated rescue packages for the economy, a continuation of this policy seems likely.
M2 Money StockBoard of Governors of the Federal Reserve System (US)

The situation for the markets in Europe also looks bleak in view of the recurring corona lockdowns. In response, the European Central Bank has already announced that it will print even more money to support the economy.

Is Joe Biden better for Bitcoin?

Jeff Dorman, Chief Invesment Officer (CIO) at the crypto hedge fund Arca also believes that in the end it doesn’t matter who wins the U.S. elections.

Bitcoin and other risky investments are not dependent on who wins the U.S. elections because they will dismiss the uncertainty of the market regardless of the outcome. The markets just want to know that there is a winner.

He also said that a majority of investors are afraid of a close election. But this is unjustified, he said, because assets such as gold, silver and Bitcoin would benefit from it in the long term.

Nevertheless, he believes that a victory for Democrat Joe Biden would be better for Bitcoin overall.

I would say that the Democrats are better for Gold and Bitcoin, but as long as there is a clear winner, everything goes up.

In contrast, the Bank of America expects a stock crash when the election results are tight.

The markets want to see a clear win for Trump or Biden within a week. If there is a close election result, stocks could fall by up to 20 percent.

This crash could also be dangerous for Bitcoin in the short term, as the markets would be massively unsettled. Similar to the Corona crash at the beginning of March, a widespread sell-off of assets could also pull Bitcoin down for a short time.