Trading in financial markets can be a profitable but also dangerous endeavor. It requires knowledge, skills, and experience no matter the market traders are employing. Of course, gaining experience could be related to actually registering losses but it could also help to learn from traders with a long history in the field. CryptoPotato recently had...Read More
Being the first to do something often counts for a lot. Whether it is Armstrong being the first to step on the moon or Karl Benz manufacturing the first automobile… public memory and perception usually fall back on the first movers. This is the case in the cryptocurrency market as well, an industry where entities...Read More
As it consolidates for almost 40 days, bitcoin stands at $9,271 with a market cap of $170 billion. The top cryptocurrency has seen a 0.35% surge in the last 24 hours and has a 24-hour trading volume of $3.37 billion, making it the second-largest traded asset in the entirety of the crypto ecosystem. Bitcoin 4-hour...Read More
Craig Wright, the man who claims to be Bitcoin inventor Satoshi Nakamoto, says Bitcoin is not and was never intended to be, censorship-resistant. According to Wright, who wrote in a blog post from July 10 titled What is Censorship Resistance, the common assumption that Bitcoin holders are protected from economic censorship is nothing but a...Read More
Attention matters, and in a world of social media and online business, attention matters even more. If you can entice more people to visit your website, chances are you can grow faster. But in this era of massive scaling, there is a difference between fast growth and fake growth, a difference that many cryptocurrency exchanges...Read More
Bitcoin prices followed stock markets down on Friday, sliding to an intraday low of $9,050; however, the primary cryptocurrency was able to recover in order to reclaim $9,300 over the past day but failed to break resistance there, sliding again to around $9,200 during most of Saturday. BTC/USD, Bitstamp. Source: TradingView The move has kept...Read More
The cryptocurrency market and its ecosystem have noted tremendous growth over the past few years. Increased adoption rates and the fact that there is more regulatory clarity around digital assets today have further helped crypto’s growth. Bitcoin, today, represents a robust store of value and a hedge that can diversify traditional investment portfolios. However, as...Read More
With a market as volatile as cryptocurrencies and a community as sensitive as the online Bitcoin world, one would expect #WheresThePump, #BitcoinToTheMoon2020, or #CovidCantStopBitcoin to be trending with a price increase. Alas, neither has happened. Over the past two months, Bitcoin has been eerily stable, trading within a tight $8,500 to $10,000 range without budging...Read More
Nearly 90% of cryptocurrency investors worry about what will happen to their funds in case they pass away, a new study revealed. However, less than 25% of participants noted that they organized a comprehensive plan regarding their digital asset will. Cryptocurrency Funds After Death The digital asset field differs from traditional finance in various forms....Read More
For those who expected Bitcoin’s price to surge exponentially any minute, the month of July has been disappointing. Since 1 July, Bitcoin‘s price has gained by just 0.2%, with the same moving from $9,300 to $9,318.92 on the charts. This is perhaps the best evidence of the low volatility in the market. However, that’s not...Read More
One out of four men, alleged in a $722 million Ponzi scheme, has pleaded guilty on his charges before а U.S. District Judge. The Romanian programmer Silviu Catalin Balaci, 35, faces a penalty of prison and a fine for a long-running cryptomining fraud with partners. Defrauding Investors Of More Than $722M Balaci was arrested earlier...Read More
In Q2 of 2020, Bitcoin rose from $5,500 to over $9,500, with brief skirmishes over $10,000. And yet, trading volume on cryptocurrency exchanges saw a net quarterly decrease. On looking at the high-stakes nature of Bitcoin’s Q2 beginning, the price-to-volume difference looks bleak. According to the latest quarterly report by CoinGecko, the world’s top cryptocurrency...Read More
In a recent interview with Real Vision boss Raoul Pal, Kraken CEO Jesse Powell said some startling things. According to him, Bitcoin’s anonymous creator Satoshi Nakamoto may have foreseen a bigger financial crisis than 2008’s Great Recession. Jesse Powell: ‘Satoshi Saw a Bigger Bubble Coming’ The second to last talk of Real Vision’s exclusive ‘The...Read More
Bitcoin – Correlated at the hip? Proponents of Bitcoin, the world’s premier cryptocurrency, have long claimed that the king coin is far from correlated with traditional financial markets, especially the S&P500. However, this claim has lost a lot of its footing over the past few months, with the COVID-19 pandemic affecting each and every market....Read More
Many of the market’s cryptocurrencies noted a splendid start to the year, with many of them surging exponentially. However, this soon changed as the Coronavirus pandemic took effect and crippled markets worldwide. This was true of the crypto-market as well, with the exception being that it was quick to bounce back. This is the reason...Read More
The Bitcoin market lacked any momentum in June, and this resulted in its annualized volatility to dip to a 6-month low of 51% and a drop of 31% MoM in trading volumes. This period of stagnation caused the BTC’s correlation with the S&P 500 and gold to flip from 0.13 to 0.52 and from 0.50...Read More
Bitcoin fell. Not by a lot, but Bitcoin fell over the past 24-hours. At press time Bitcoin was being traded at $9171 with a 24-hour trading volume of $5.7 billion. Source: CoinStats And the effects of Bitcoin’s fall, owing to the high rates of correlation between the king coin and the alts, were felt by...Read More
Even with Bitcoin trading in a tight range for the past two months, expectations of a Bitcoin push over $10,000 are bleak in comparison to the drop from this point forward. Going by the pricing of futures and options contracts from now till the end of 2020, the cryptocurrency is not seen in the best...Read More
Stablecoins have played a very crucial part in the cryptocurrency ecosystem over the past few years, with the altcoins acting as significant drivers in terms of crypto-adoption. In fact, Tether, the market’s most dominant stablecoin, recently moved up CoinMarketCap’s list to become the third-largest cryptocurrency in the world – cementing its significance in the crypto-market....Read More
Max Kaiser is a well-known American broadcaster and filmmaker. His previous experience includes anchoring an analysis program called On The Edge and producing a TV series on the Al-Jazeera English network. Currently, he’s the host of his own widely-popular financial program called the Keiser Report. Apart from his TV and online appearances, Keiser is also...Read More
Bitcoin has long been called ‘digital gold,’ and true to its name, BTC has proven to be a store of value over the past few years, with the asset yielding better profits than gold or equities. As for gold, well, gold has been revered as the go-to store of value since time immemorial. With the...Read More
US privacy advocates are worried that the 4th amendment does not protect Bitcoin transactions after a court ruled that the FBI agents hadn’t violated the law when they accessed data of Coinbase clients. Bitcoin Transactions Reveal Deeply Personal Information A week ago, CryptoPotato reported that a three-judge panel of the Court of Appeals for the...Read More
Many people kicked off 2020 with a lot of optimism, especially community members of the world’s largest cryptocurrency – Bitcoin. However not all things have gone according to plan. With most economies reeling from the effect of the global pandemic and a liquidity crisis pushing BTC’s price below $4k a few months in, Bitcoin price...Read More
With an unexpected pandemic crippling financial markets across the world, people all over have been trying to secure themselves financially. However, a volatile market is no one’s first choice. While many investors are still considering digital assets to diversify their portfolios and mitigate risks, Bitcoin remains the first and potentially only choice for many users....Read More
Bitcoin has been consolidating on the charts for over 40 days now, with its present movement in a way similar to the pattern traced just before a crash. However, while the community continues to remain optimistic due to the recent surge in the price of the market’s altcoins, BTC’s fate, at least in the short...Read More
Galaxy Digital CEO Mike Novogratz believes that Bitcoin will outperform gold in the upcoming months. However, he advised people to allocate more funds into the precious metal instead of the primary cryptocurrency because of the high fluctuations in its price. Buy More Gold Than BTC, Says Novogratz The former Wall Street hedge fund manager Novogratz...Read More
Bitcoin’s price hasn’t really made the breakthroughs most investors were expecting it to make after the block reward was halved for the third time this year. Despite Bitcoin’s lackluster price action, investor confidence in the coin hasn’t taken a significant beating, with the same evidenced by the overwhelming holding sentiment within the Bitcoin ecosystem. Interestingly,...Read More
With a pandemic still ravaging global markets, many investors have sought to look at it as the best time to make investments that might reap some rewards in the future. In fact, many traders have been looking to diversify their portfolios with the inclusion of digital assets as well, with Bitcoin being a notable part...Read More
Binance Futures traders held more open positions in June compared to May, even though trading volumes declined month-on-month. Open interest on Binance Futures rose 180% in June compared to May, from 220 million USDT to 580 million USDT. Binance concluded that this might anticipate an increase in Bitcoin volatility. Traders Held More Open Positions in...Read More
Despite world economies still feeling the adverse effects of the COVID-19 pandemic, most stock markets have recovered from the March losses, and some are even charting new highs. This has raised speculations that Bitcoin’s price may head south, and OKEx CEO Jay Hao recently offered his answer on the matter. Jay Hao Examines The Stock...Read More
