It has been a solid start for bitcoin enthusiasts so far. Of late, the price of bitcoin (BTCUSD) in many exchanges coupled with fundamentally constructive news has been rising constantly.
The pair has gained almost shy more than 31% in this month (January’2020), currently surged to $9,388 levels. Thereby, the market capital of bitcoin has risen to 171.30 bln (while articulating) which is more than 60% of overall cryptocurrency market.
While its peers ethereum (ETH) was last trading at $182.13 on Coinbase, up 8.83% on weekly basis and ripple (XRP) has climbed to $0.2420 on Coinbase, a gain of 4.85%.
The pioneer cryptocurrency (BTC) has bounced from $3,188 to $13,880 in H1, paired gains in the H2'2019. But bulls have resumed again and are on the verge of hitting $10k mark.
We had foreseen bullish rout a month ago and advocated long hedges accordingly. For now, more upside price risks are on the cards.
Hence, we wish to uphold FxWirePro’s long hedges for bitcoin price via ‘BTCG2020’ (i.e. CME BTC futures of February deliveries).


2025 Market Outlook: Key January Events to Watch
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
US Gas Market Poised for Supercycle: Bernstein Analysts
FxWirePro- Major Crypto levels and bias summary
China’s Growth Faces Structural Challenges Amid Doubts Over Data
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand




