Bitcoin has dropped 50% in 1 month and continues to test previous support levels. We are currently experiencing a breakout of a massive bear pennant that has a price target of $1700.

After bottoming out around $3,500, the price of bitcoin enjoyed a near 25% rally where it is currently testing the resistance of its macro 78% retracement.

Coinbase Head of Sales Christine Sandler said that the increasing demand for OTC crypto trading made the move a must-have for the exchange.

The service will be available via Huobi’s Derivative Market (Huobi DM) to customers of select countries and will allow them to open both short and long positions for a handful of cryptocurrencies.

Because of the parabolic rise last year, ether never managed to establish firm supports. Unfortunately, this means there is nothing to cushion the market as it moves lower and lower.

Coinsquare CEO Cole Diamond told Bitcoin Magazine that this is a major move for the young exchange and it makes good business sense to enter a market that has a GDP 12 times the size of Canada’s.

Bitcoin's dramatic price action is nothing new — just another instalment of bitcoin’s many boom and bust cycles.

An unconfirmed report claims that NASDAQ has plans to launch BTC-based futures contracts, and that these plans are continuing to go forward despite the recent crypto crash.

Bitcoin continues to tumble lower and lower as it struggles to claim any footing in the market. It’s down almost 50% in three weeks and it’s showing very little sign of stopping. It’s currently clutching onto the $3,500 values but it doesn’t look like it can hold on much longer.

The Bitcoin Index is expected to provide a new tool through which institutional investors can monitor the price of bitcoin