The price of Bitcoin reached a yearly high of above $12,000 yesterday, but it retraced heavily moments after. According to recent data, the correction was overdue since the number of daily active BTC addresses fell behind the price. Bitcoin’s DAA Impact The Price Daily active addresses (DAA) provide a general idea of how many users...Read More
Bitcoin’s Sunday surprise was a blow-off, and if similar moves by other asset classes are to go by, it was a positive move. On 2 August, between 0400 and 0500 UTC, Bitcoin’s price dropped by 8 percent in an hour, with many expecting its breakout, which began on 23 July, to have come to an...Read More
Although history is not a precise indicator for future price developments, a popular cryptocurrency analyst made a compelling forecast showing that if Bitcoin repeats its 2016-2017 bull run with the same percentage increases, it will end up at $430,000 in 2021. Bitcoin At $430,000? The primary cryptocurrency has built a reputation for beating unfavorable odds...Read More
After hitting levels [$12,100] last seen a year ago, bitcoin witnessed a crash that dumped the price to $10,559. Not only did this cause liquidation of positions worth a billion-dollar but also reset market sentiment from extremely greedy to greedy. Trading just above $11,000, there seems to be a visible fear among bulls as the...Read More
In addition to Binance going haywire, other exchanges also faced a few abnormal incidents with today’s bitcoin drop. FTX users were among those exchanges that experienced slippage and ADLs. On FTX, users were unable to put up trades or modify existing orders with some experiencing untriggered stops and unnecessary ADLs. The drop that took a...Read More
On Binance, bitcoin quarterly futures hit a high just shy of $100,000 – $99,964. While sudden moves like these aren’t new, it had been forgotten due to the slow, sideways moving price devoid of volatility. With over a billion dollars worth of positions liquidated in a minor $1,400 move by Bitcoin, volatility is back. While...Read More
A week after Bitcoin’s $10,000 resurgence, the first inklings of a reversal, if not a dump, are visible. Between 0400 UTC to 0500 UTC on 2 August, Bitcoin’s price dropped by over $1,000 an 8 percent price drop in the hour. Only a few hours before this dump Bitcoin had broken the $12,000 ceiling. The...Read More
Over the past week, the crypto-market seemed to gain a new lease of life after the world’s largest cryptocurrency, Bitcoin, went past its crucial resistance at $11k. In fact, 2020 has proved to be, in more ways than one, a key year for digital assets, including Bitcoin. However, as more users find cryptocurrencies and digital...Read More
Bitcoin’s push over $10,000 was long-awaited. After nearly three months of trading flat, Bitcoin jumped out of its most stagnant trading period since March 2019 with an ascent over $10,000. Now, it looks like this move has awakened a sleeping giant that was waiting to pounce on a bullish market. According to a recent report...Read More
Bitcoin‘s price broke out of its stagnant market trend and surpassed its immediate resistance at $10k a few days back. Since then, BTC hasn’t looked back, with the value of the cryptocurrency surging to breach its resistance at $11,400 while reporting a 2020 peak of $11,600. At press time, the world’s largest cryptocurrency had managed...Read More
Bitcoin has not looked back since it surged over $10,000 almost a week ago. Trading at close to $11,500 a pop, the cryptocurrency’s highest price since September 2019, the market is rife with immense trading activity. Thus the question arises – is it likely to sustain? While some would say that this rise from $9,500...Read More
Today is the first day of August, and this means that a few hours ago, the monthly candle of July closed. A surprising fact is that only once in its history, Bitcoin had recorded a monthly close higher than yesterday’s – and that was during December 2017 – the peak of the bubble. After two...Read More
This week was nothing short of exciting in the cryptocurrency markets. Bitcoin definitely woke up from its slumber and made a few aggressive moves upwards. Altcoins felt the pain as most of them decreased in value as the king of crypto took its toll. In seven short days, Bitcoin went from around $9,600 to $11,400,...Read More
The cryptocurrency exchanges have witnessed stagnant spot trading while an active derivatives market is booming. Despite being a part of a brief crypto winter, the derivatives market indicated that many users were in it for the long haul and were holding large sums of Bitcoin and other major cryptos. In the second quarter of 2020, the market-wide...Read More
Even though the second quarter of 2020 did not manage to register tremendous growth due to the consolidation in the spot market, the derivatives market kept the pace up for the crypto assets. The spot exchanges accounted for only 11% of the transactions in the industry, whereas the crypto derivatives exchanges accounted for almost 50%....Read More
The restricted performance of the crypto market in the second quarter of 2020, did not come as a surprise to its users. The consolidation phase in June was the main reason for this blow followed by the user sentiment. However, prominent exchanges believed that the upcoming quarter and the second half of 2020 could provide...Read More
Bitcoin’s breakout over $10,000 and then $11,000 hours later caught everybody by surprise, none more so than the ‘smart money’ investors. While the cryptocurrency’s market is gradually shifting towards the institutional class, with Bitcoin seen as an ‘investment’ rather than a ‘currency’ the shift is not as seamless as expected. Since May, the cryptocurrency was...Read More
The latest data suggests that Bitcoin’s recent bullish stint has excited large scale investors. Whales have been accumulating copious amounts of BTC in anticipation of a larger rally. Also, there’s an almost 38 percent increment in Bitcoin addresses holding more than $1 million worth of BTC. Bitcoin Hodler Net Position Change Remains Positive Data from...Read More
After the infamous Twitter hack in mid-July, the social media giant has published a new update on its investigation, informing that the perpetrators successfully targeted a small number of employees through a phone spear-phishing attack. Phishing Attack Caused The Twitter Hack Following the blatant attack on its network, Twitter has been quite transparent in its...Read More
China has no reservation against ‘Bitcoin activities as virtual commodities,’ the Beijing Arbitration Commission (BAC) said in a report today. The report also added that the country’s laws and regulations ‘do not prohibit’ private possession and legal circulation of BTC. Bitcoin Is Not A Currency, But A ‘Virtual Commodity’ Today local non-profit arbitration organization, the...Read More
On 27 July 2020, Bitcoin surged by 11% in a single day, a surge that pushed its price from $9,933 to $11,417. This type of surge was last seen in April 2020, a time when BTC surged from $7,700 to $8,900, a 13% surge. However, since then, the price had been moving along with the...Read More
Disclaimer: The findings of the following analysis should materialize over the next 24-hours Bitcoin has been brimming with bullish momentum lately, but the world’s largest digital asset could be reaching the end of its rope. Between 21 July 7:00 UTC and 27 July 22:00 UTC, Bitcoin’s price literally spiked within the parabolic curve illustrated below...Read More
Fidelity Digital Assets, the subsidiary of the large American investment company Fidelity Investments, has published a report on Bitcoin highlighting that its benefits have helped BTC to become an “aspirational store of value” for investors. Bitcoin’s Store Of Value Functions Launched in October 2018, Fidelity Digital Assets has become a significant player offering cryptocurrency services...Read More
It is 2020, but for some reason, it feels like 2017 again. Why? It’s the YFI (no, not WiFi). Yearn Finance’s YFI token doesn’t seem to slow down. At all. The ‘absolutely no-value’ token has actually achieved a $4000 valuation and has become the second-highly priced crypto asset after Bitcoin. YFI Becomes the Second Highest...Read More
The Bitcoin market has finally broken out of its consolidation phase and surged past its important resistance at $10k. As the world’s largest crypto hovers just over $11k, it was also moving close to the precious monetary metal – gold. Gold’s qualities have often been compared to that of Bitcoin, and the digital asset has...Read More
The low volatility streak of cryptocurrencies has finally concluded and the bulls have rushed back into the market. Bitcoin, the largest crypto witnessed a surge in its price on 27 July, and the altcoins also felt its impact. The BTC price had witnessed a surge of 18% within a day, which pushed the digital asset’s...Read More
Coinbase is an exciting and unique company and as we continue growing, it’s important that we create a strong culture. A few years ago, I wrote in the Coinbase culture doc: Hire buildersWe hire people who are passionate about creating new products with technology. We look for entrepreneurs who are comfortable with ambiguity. We prefer...Read More
It has been a year of trends for Bitcoin and one of the most well-documented ones is the trend of more Bitcoin leaving exchanges than entering it. Since the start of the year, more specifically since March, over 92,000 BTC has moved out of exchanges. A recent report had suggested that some amount of Bitcoin...Read More
Bitcoin scams by impersonations are emerging globally, and the latest example coming from the Philippines has pushed the nation’s Finance Secretary to sought the help of the US Department of Justice (DOJ). He claimed his name was used to promote a series of ongoing cryptocurrency scams. The Philippines’ Finance Secretary Involved In a BTC Scam...Read More
Messari crypto researcher, Ryan Watkins, has recently delved into the market values of the decentralized finance sector, comparing it to some of the other players in the crypto industry. He concluded that DeFi is still a minnow despite its massive growth in popularity this year. The entirety of what we call DeFi is worth less...Read More
