The 2020 Bitcoin bull run might mirror the 2017 bull run. While some know and understand the “Lambo and moon” memes, others have forgotten it, however, there are some that don’t relate to these words; these are the new entrants to the world of bitcoin and cryptocurrencies. These are the people that missed the 2017 bull...Read More
Bitcoin’s price will continue trading in a tight range between $6,000 and $10,000 until the rest of the year, believes popular BTC analyst Tone Vays. He also thinks that short-term breaches above $10k are insufficient since the asset heads back down almost immediately. BTC Between $6k And 10K The price of the primary cryptocurrency has...Read More
In an exciting showcase of the capabilities of Bitcoin’s network, someone has included a message in a specific BTC transaction, welcoming his newborn son to the world. Hello, Noah! In a rather interesting Reddit thread, a user of Bitcoin’s network demonstrated one of the more compelling use cases of its blockchain. “I immortalized the birth...Read More
Recent data revealed that the number of positive Bitcoin mentions on the popular social media platform Twitter has dropped significantly since the halving in May. At the same time, the fear and greed index has downgraded from its neutral stance in May to a more fearful state in June. Twitter BTC Positivity Drops According to...Read More
During the crypto rally at the beginning of the year, the Bitcoin network faced a heavy load of transactions, soaring to levels unseen since February 2018. Interestingly, this did not occasion with the price movement of the cryptocurrency. Instead, the figures for transaction fees reached a little over a two-year high around mid-May. Shortly after...Read More
Bitcoin as a financial asset has drastically grown in popularity in the past few years. As adoption continues to grow and fiat on-ramps and off-ramps become easily accessible, Bitcoin’s user base has grown and diversified significantly. The past few years saw greater institutional interest. While the Hodl culture within the community continues to be dominant,...Read More
For many cryptocurrency users, privacy continues to remain a high priority. Popular cryptocurrencies like Bitcoin enable users to not just benefit from a more secure form of ‘money’ that is immutable but also adds the added benefit of being censorship resistance. However, the past few years have seen privacy-centric cryptos such as Monero and Zcash...Read More
Gold’s price reached an 8-year high this week, and a Goldman Sachs projection sees the precious metal to continue rising in the next twelve months to $2,000 per troy ounce. At the same time, famous gold-bug Peter Schiff believes its price could reach a new all-time high even before the end of the year, especially...Read More
Court documents reveal the self-proclaimed creator of Bitcoin, Craig Wright, may have subjected himself to a suicide attempt in May 2016. That’s according to the deposition of Bitcoin developer Gavin Andresen, who recounted the story during the ongoing trial between Craig Wright and the estate of Dave Kleiman. Context: Craig Wright’s Failed Attempt to Move...Read More
It’s safe to say 2020 has not gone the way most people thought it would. Bitcoin was lauded to surpass every expectation following it halving in May. With the path towards its halving littered in quantitative easing and fiscal stimulus, the cryptocurrency’s prospects were further bolstered, but now it looks bleak. After trading in sideways...Read More
Nowadays every Bitcoin price drop is a reminder of ‘Black Thursday.’ On March 12, the price of the largest cryptocurrency in the market dropped by over 50 percent to a 12-month low and marked the biggest single-day drop over seven years. Despite the severity and the swiftness of the drop, it was not remembered as...Read More
Bitcoin dipped down to $8,830 yesterday, however, it closed only 1.63% below from where it opened. While this is a relatively small move, the price seems to have conformed to a downtrend due to consecutive lower lows and highs. To understand what’s happening on the lower time frame and why Bitcoin is heading down, it...Read More
Over the past few years, cryptocurrencies have generated a lot of interest from institutional investors. With more regulations surrounding the digital assets market, crypto has gone fairly mainstream. However as most economies work with digital assets, there has also been a push to strengthen regulations so that cryptocurrencies do not become a safe haven for...Read More
Bitcoin often faces a lot of criticism for its high transaction fees. A recent network transfer worth over $930 million in BTC shows things can be done differently. It is interesting to see how high-value transactions tend to have low TX fees. Small Transaction Fees may Still be too High This is possible, even when...Read More
Public perception is key to radically new ideas and innovations gaining traction in mainstream society. Such is the case for the world’s largest cryptocurrency – Bitcoin. While Bitcoin has come a long way over the past decade, Bitcoin doesn’t really rely on a centralized and well-oiled branding and marketing machinery. If adoption has increased and...Read More
The crypto investors suffer from hard days recently, as the primary cryptocurrency tumbled approximately $1000 over the past five days. After a long battle to maintain the $9K mark, Bitcoin finally lost, and immediately plunged to $8816 on Binance Futures exchange, which is the current daily low, as of writing these lines. Aside from a...Read More
Bitcoin Options contracts worth over $1.7 billion expired on 26 June. Deribit BTC Options held close to $1.3 billion of the total contracts, but with Bitcoin’s volatility preceding the expiry date, users did not expect huge price swings following the expiry. Before yesterday’s expiry, the Options market did not note any bearish strength. Now, according...Read More
The CEO of SchiffGold, Peter Schiff, responded to claims by RT news host Max Keiser that he would end up panic-buying Bitcoin when its price hits $50,000. Schiff suggested Bitcoin’s dollar value would drop as low as zero – although implied Keiser might consider selling at $2,000. Shortly afterward, Bitcoin developer and Blockstream CEO, Adam...Read More
Bitcoin, like stocks, goes through cycles in its market; a bull run followed by a bear run, together, constitute a cycle. So far, Bitcoin has undergone 3 cycles, ie., 3 bull runs and 3 bear runs. However, while the 4th bull run seems to be on the verge of taking flight, there seems to be...Read More
Popular cryptocurrency YouTuber recently posted a chart illustrating that if Bitcoin repeats its previous significant bull run from 2017, its price could exceed $300,000 by the end of 2021. Interestingly, this highly optimistic prediction corresponds with the well-known BTC stock-to-flow model. BTC To Over $300,000? Bitcoin price predictions are among the most commonly discussed threads...Read More
Ethereum facing the heat? It would seem that the group behind the PlusToken, one of the industry’s biggest scams, is becoming more active by the day. Just a few days after PlusToken moved over $65M in EOS between wallets, an ETH transfer worth $186M was initiated. While the said transaction was, briefly, stuck in a...Read More
A recent report warned that most malicious Google Chrome extensions have come from a single Internet domain registrar – CommuniGal Communications (GalComm) and have been downloaded nearly 33 million times. Such malicious extensions have proven to be alarmingly dangerous to cryptocurrency investors as popular proponent recently lost all of his Bitcoin savings. Suspicious Google Extensions...Read More
The past few days have seen Bitcoin’s price drop to close to $9000, and as expected, many of the market’s altcoins were quick to mirror the price action of the world’s largest cryptocurrency. In fact, since the early hours of 23 June, the prices of Bitcoin and popular altcoins such as Monero and Dogecoin have...Read More
On 26 June, Bitcoin‘s quarterly Futures contract reached its expiry after Bitcoin Futures’ Open Interest touched a 3-month high of $98 million on Deribit. The derivatives gains can be widely classified by Options demand over the past quarter, but according to Arcane Research’s latest weekly update, subdued price levels over the last few weeks have...Read More
In years prior, 2020 was pegged to be remembered for one event and one event only – the halving, but now, with half the year gone, the event that dominates the memory of the cryptocurrency community is ‘Black Thursday.’ On 12 March, Bitcoin lost over 50 percent of its value in one day, falling from...Read More
The last seven days weren’t so fruitful for Bitcoin. After trading in a relatively narrow range for a while before that, the BTC price gradually increased to about $9,700 on Wednesday. On the same day, however, the price tumbled during the same day and started declining. Immediately after that, Bitcoin retraced to about $9,000 before...Read More
In this week’s Bitcoin CME COT report, there is an interesting development from professional traders who have successfully pulled a 180 on their positions. This development comes at a time when there has been a tussle between the leveraged funds and the retail players [aka non-reportables]. As seen in the previous reports, the leveraged funds...Read More
With every passing day, the angst in the cryptocurrency community grows. Bitcoin’s lack of price movement, trading between the $9,000 to $9,500 range for almost two months is now being seen less as a feature of the cryptocurrency on its own, and more of its tie to the larger financial markets. Bitcoin, for the better...Read More
Making Bitcoin more accessible for purchase is always an ongoing challenge. LibertyX may be able to crack the code, as it has added 20,000 stores to purchase BTC directly. For those familiar with LibertyX, this news may not come as too big of a surprise. A big Move by LibertyX The company is building a...Read More
For quite some time now, a lot of BTC is being bought up. Some of the purchases are made by existing BTC owners, whereas the rest is ending up in the hands of Grayscale. Accumulating Bitcoin appears to be a very prominent option these days. Grayscale Keeps Buying Bitcoin and Ethereum On the one hand,...Read More
