Our OTC desk showed strong growth in October, with trading volume increasing 42% month-over-month. We also saw a 6% jump in the number of institutional clients trading OTC. The presence of active institutional traders is a promising sign for the future of the bitcoin OTC market.
Bitcoin market activity over the past week has been reminiscent of the 2013 bull run. The price of bitcoin was up an astonishing 20%, backed by plenty of positive mainstream momentum. This week, the market will look to trend higher ahead of the final USMS auction which will wrap on Friday.
Fresh off a one-month high, the bitcoin market’s bull run continued with prices rising 8% week-over-week. Traders can look for continued positive price momentum this week boosted by the approaching US Marshals Service bitcoin auction where the final 40,000 bitcoins seized from Silk Road will be...
Our EVP of Operations and Development, Steve Wager, recently penned an op-ed in the International Business Times stating the case for gold as a global collateral asset. In the article, Steve also discusses how innovative blockchain technologies such as our Bankchain clearing and settlement system...
The bitcoin market delivered for bulls last week, many of whom have been anticipating a price breakout for weeks. The bitcoin price steadily increased throughout the week, logging five consecutive positive trading days from Monday to Friday. This week, traders will look for prices to hold firm at...
September was another rough month for the global stock markets as the ongoing correction produced big losses and high volatility. Bitcoin remained range-bound throughout September moving between roughly $225-$240. Bitcoin's stable price movements made it a better investment than many major global...
In July, we launched over-the-counter (OTC) trading at itBit, becoming the first bitcoin exchange to offer this boutique service. Today, we are bringing much-needed transparency to bitcoin OTC traders.
Calls for the regulation of digital currencies, including Bitcoin, increased in September worldwide. Many governments seem keen on the idea of closely overseeing the use of digital currencies for money transmission. However, there is also concern that controlling the field too closely will hamper...
The bitcoin market continued to move sideways last week with prices bouncing between $236 and $239. This week, traders will be looking for strong buy or sell signals from the market with an eye fixed on exchange volumes to reinforce the validity of the price movements. With a solid support level...
Strong positive price movements throughout the past week have helped push the price of bitcoin to a two-week high. Unfortunately, exchange volumes continued to trend lower, raising concerns of increased volatility. With the bitcoin price having broken out beyond resistance levels, traders will be...
Crypto asset trading involves a high degree of risk. The crypto asset market is new and unproven and may not grow. Currently, there is relatively small use of crypto assets in the retail and commercial marketplace in comparison to relatively large use by speculators, thus contributing to price volatility that could adversely affect an investment in crypto assets. In order to participate in the trading of crypto assets, you should be capable of evaluating the merits and risks of the investment and be able to bear the economic risk of losing your entire investment. No material at this site should be considered as an offer by itBit to sell or solicitation by itBit of any offer to buy bitcoin or other crypto assets.
