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Bitcoin (BTC) Price Subject to 'Intra-Day Volatility', Says Crypto Analyst Michael van de Poppe

News
Fri, 06/26/2020 - 12:16
Vladislav Sopov
While the majority of traders are waiting for the Bitcoin (BTC) price to move after the massive expiration of contracts, a top trader says it may be overestimated
Bitcoin (BTC) Price Subject to 'Intra-Day Volatility', Says Crypto Analyst Michael van de Poppe
Cover image via stock.adobe.com
Contents

Top-league Dutch analyst and trader Michael van de Poppe showcased some numbers to look at instead of waiting for the effects the unique contracts expiration will have.

Nothing but intra-day volatility

Mr. van de Poppe underlined that the futures and options expiration day may bring intraday volatility, but other price catalysts remain much more powerful in terms of the effect on the Bitcoin (BTC) price.

Michael van de Poppe is sure that the influence of futures expiration on Bitcoin (BTC) price is overestimated
Image via Twitter

However, the market structure and price action remain important regardless of the expiration of futures. And it takes more than one catalyst to initiate a decisive move in the Bitcoin (BTC) price.

In terms of futures trading, Mr. van de Poppe supposes that the vast majority of traders will just flip over to new contracts as their old positions expire.

At press time, Bitcoin (BTC) is changing hands at $9,167 on major spot exchanges, only 1.45% down in 24 hours.

Bitcoin (BTC) futures expiration for the record book

As covered by U.Today, today's expiration of Bitcoin (BTC) futures is the biggest in derivatives trading history.

Recently, the Deribit cryptocurrency contracts trading platform reported the start of the expiration process. According to an announcement from the product team, 53% of Bitcoin (BTC) futures and 43% of Ethereum (ETH) futures have already expired.

Deribit platfrom has reported that massive liquidation has started
Image via Twitter

At press time, the platform reported the expiration of $726M in contracts. The overall amount of contracts to expire today is approaching 1.1B USD.

As covered by U.Today Crypto News, the Bitcoin (BTC) futures volume has surged significantly throughout a turbulent 2020.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
Cover image via stock.adobe.com
Contents

John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)