Popular bitcoin commentator Lark Davis, who goes by the name of ‘TheCryptoLark” on Twitter, just shared a BTC trend chart that has ‘bullish’ written all over it. Lark says that the top cryptocurrency is on the cusp of crossing the 50-day moving average, and every time it happened in the past, BTC rallied 42 percent...Read More
Bitcoin’s price might hit $15,000 in the next few weeks, as per price data gathered over the last week. This surge might push bitcoin past the pesky $12,000 and hit highs last seen in 2018. The bitcoin surge seen over the last week is being underestimated by most of crypto Twitter [CT]. However, most of...Read More
In a suddenly galvanizing rally, Bitcoin’s price shot to the $11,700 mark last night. Open interest has soared and is now at a 1-month high. Bitcoin traders are opening long positions and this trend was pointed by Willy Woo as well. At $4.3 Billion, Bitcoin Futures Open Interest Tops 1 Month High Also, a noticeable...Read More
Two weeks ago, the biggest and arugbly the most important cryptocurrency exchange in the world was accused of money laundering by the CFTC. The incident went so far that the company’s CTO Samuel Reed was arrested. Besides the bad PR for Bitcoin, this saga was sure to hurt the cryptocurrency’s price, yet here we stand...Read More
Russian billionaire and owner of two giant UK newspapers Alexander Lebedev is looking into launching his own DeFi project. Dubbed The Independent Decentralized Financial Ecosystem (or bank 2.0), it aims to serve as a better performing bank, which benefits all participants. Lebedev Explains The Current Banking Problems Lebedev, the owner of the UK-based London Evening...Read More
Bank of England Governor, Andrew Bailey, has yet again dismissed the premium cryptocurrency, Bitcoin. He stated that he found it hard to see how Bitcoin had any intrinsic value. On Monday, the Bank of England held a question and answer session with members of the public, during which Governor Bailey made a statement: I have...Read More
Bitcoin’s price has gained by 7.33% in the last 7 days. With this kind of momentum building up, Open Interest on derivatives exchanges is up too. However, that’s not the only interesting bit. In fact, while aggregate Open Interest on derivatives exchanges is up by 18%, on Huobi, it is up by 250% over the...Read More
Cybercrime gangs have stolen over to $22 million from users who use the Electrum Bitcoin wallets via a fake app update scam according to an investigation. The criminals later transferred the stolen funds to multiple Bitcoin accounts which now contain 1,980 bitcoin. Much of these funds were stolen in one single incident in August, after...Read More
The odds of Joe Biden winning the upcoming Presidential election and significant progress being made on the coronavirus vaccine front are unnaturally high, as per Goldman Sachs. Also, what is extremely possible is the US Dollar’s drastic drop to its 2018 lows because of these two probable events, according to the global banking giant. Will...Read More
The 2020 market crash was godsent for the likes of Bitcoin and gold. These ‘safe-haven’ assets surged under the spotlight, climbing to record highs as stock markets and long-term treasury bonds both collapsed and countries reacted by slashing interest rates. The main reasons for buying these assets were immediately enhanced, and the price reacted as...Read More
When Bitcoin’s price action gets hotter, altcoins start rallying towards double-digit growth on their charts. That’s not exactly a guess either, as this insight can be gained from previous altcoin rallies. Now, consider the opposite for a second. What if the narrative was flipped on its head and this time, the altcoins pumped well before...Read More
The leading digital currency asset management company Grayscale Investments announced that its Ethereum Trust will report directly to the US Securities and Exchange Commission (SEC). Grayscale filed a Form 10 with the SEC a few months ago on behalf of the Ethereum Trust to become the second company product designated as a digital currency investment...Read More
Bitcoin Future CME gap filled! Bitcoin futures trading is gaining traction in the recent days with many investors getting attracted towards the derivatives trading. However, the trades are closed on weekends and for the reason, the Chicago Mercantile Exchange(CME) gaps are formed. Post the recent pump of Bitcoin, some analyst discovered a massive CME gap...Read More
Planning to start investing in the crypto space? Then to have a piece of deep knowledge about the volatility, its causes and impacts are mandatory. A better understanding of the concepts that impact greatly on your investments would be helpful either to give a boost for your profits or safeguard from any possible loss. Volatility,...Read More
Crypto-space is among the sectors labelled as highly volatile and filled with uncertainty. Among them are some of the coins that could have a massive uptrend. Having kept a close watch one can make some yield this week. Let us have a look at some of these coins which could probably be a feast on...Read More
Bitcoins worth more than $11 million was moved in a single transaction yesterday, October 11th. Data from on-chain analytics providers reveals that the huge amount has been sitting idle for the past 10 years as this was the first time it was moved. Another Stack of Satoshi-era BTC Transferred Yesterday It appears that the transactions...Read More
Plenty of speculations are already out there regarding the new all-time high that Bitcoin might hit throughout its new bullish cycle. One of them is particularly positive, using the historical performance of BTC during the last major bull run as a reference. Bitcoin to $400K in Next Bull Run According to a popular industry expert...Read More
The market cap of Bitcoin was $210 billion, at the time of writing. Would it be a long shot to say that Bitcoin will overtake Google [$1 trillion] and perhaps, even Apple [$2 trillion], in terms of market cap very soon? Well, probably not. A few years ago, the same idea would have seemed completely...Read More
When volatility is low and the market sentiment is neutral, copy trading may be the best bet for retail traders. Social trading platforms have been around for a while, however, they are even more relevant now. Consider this – Finance Illustrated recently released a list of the top traders on the social trading platform, eToro....Read More
Bitcoin registered a strong surge in price over the last few days, with the world’s largest crypto finally surpassing its $11k resistance to be valued at $11,363, at press time. However, the altcoin market too has been noting strong growth on the charts. Source: Coinstats Chainlink has been one of these alts, with LINK climbing...Read More
Bitcoin’s search results on Google are one of the hottest topics in the correlation narrative. You have for long read stories of Bitcoin’s correlation with gold, with the S&P 500, or specific tech stocks in particular – like Apple. However, this one is different because when you zoom out, it all starts blending in. In...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Bitcoin has surged by 8% over the last 48 hours, a figure that is not really uncommon to a volatile asset like Bitcoin. However, the surge included 2-3% candles with consolidation separating them. At...Read More
There are only three reasons why you take pleasure in an asset’s price fall. Either, you shorted it, knew it would tank, and didn’t buy it, or you enjoy seeing it lose value. In the Bitcoin market, or should we say the anti-Bitcoin market, this sentiment is quite popular. Given the deep disruptive nature of...Read More
Bitcoin’s adoption narrative over the past few years has been rather promising. With institutional investors stepping in along with more regulatory and tax clarity for digital assets and the larger crypto-market, 2020 has seen renewed interest in assets like Bitcoin. This has led to some of the suspicions surrounding crypto being debunked, while also contributing...Read More
Bitcoin’s value proposition as the go-to store of value asset has resonated fairly well. Alas, the intrinsic qualities that enable it to perform as a store of value on such a decentralized level have acted as a barrier to it taking off as a revolutionary payment system. Over the past week, Bitcoin has seen its...Read More
If you haven’t turned a profit in a while, well, you are not alone. In fact, a recent study by Brazil’s University of São Paulo found that of the share market day traders who persisted for more than 300 days, 97% of them lost money. Further, the study found that the top day trader among...Read More
Unlike a Bitcoin proponent, Gold bugs never say ‘you should’ve bought the gold dip.’ Have you ever wondered why? The immediate answer would be Bitcoin is volatile, it’s up today, down tomorrow. On some days, it’s down by 50 percent or more, those are days when you should’ve bought the dip. On the other hand,...Read More
Bitcoin, the world’s largest cryptocurrency, seemed to be on a bullish trajectory yet again, at the time of writing. This, despite the fact that for long, BTC has been accused of being either too volatile or moving too sideways. While the analysis drawn out over the past few months has alternated between derivatives impact, on-chain...Read More
Will Ethereum Soar as it happened before? The much-awaited bitcoin rally occurred with the price crossing $11000 and recording $11,384 at the press time with a gain of 4.5 percent in 24 hours. This surge is speculated mainly due to Jack Dorsey announcing Square purchasing Bitcoin and probably also due to the US announcing some...Read More
As a part of an active Bitcoin and cryptocurrency education/awareness campaign, 350 members of the Spanish parliament (read deputies of Congress) have received a euro worth of BTC. This move mirrors the ‘Crypto for Congress Educational Initiative’ launched by the Washington-based Chamber of Digital Commerce to acquaint Members of the United States Congress with blockchain...Read More
