Bitcoin is up more than 8 percent in the last 24 hours.
The question is, of course, why? Is it some larger macro context? A pump-and-dump? Or just the crypto markets being as crazy as they are.
The Breakdown invited guest Mati Greenspan, former eToro analyst and now founder of Quantum Economics, to give his take.
We also look at two stories around the growing crypto derivatives markets: the launch of the CME's options on bitcoin futures and CFTC Chair Heath Tarbert's comments Monday that regulated derivatives will bring legitimacy to the space.
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Mati Greenspan on the Technical and Macro Roots of Bitcoin's Price Surge
Published on Jan 14, 2020
by Coindesk | Published on Coinage
Mentioned in this article
Minneapolis Fed's Kashkari Calls for Stricter Lockdown
The president of the Minneapolis Federal Reserve calls for stricter lockdowns to help save the economy.
Ethereum Options Data Suggests Pro Traders Expect ETH Price to Break $400
Ethereum options open interest increased by 5 fold over the past three months to reach $337 million.
BAND Token is Now Available for Trading on Huobi Global
The BAND native token will be supported for trading on Huobi Global beginning August 10.
How Miners Can Hedge Their Inventory to Increase Return on Investment
As crypto markets continue to mature, more and more asset classes become available to miners and can help them earn a higher ROI on their mining investment - without risking huge losses in a volatile crypto market.