Crypto YouTubers expressed their disappointment after YouTube decided to take down their videos. Popular influencers of the crypto space, utilize YouTube to educate people about cryptocurrencies. YouTube, however, has taken down cryptocurrency-related videos further categorizing them as “harmful content” and some of the YouTubers have been temporarily banned from the platform. Popular YouTuber, Chico Crypto...Read More
Bitcoin price is struggling to stay above the $7,160 and $7,120 support levels against the US Dollar.A successful close below $7,120 could accelerate decline below $7,000.There is a key connecting bearish trend line forming with resistance near $7,480 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could either accelerate decline...Read More
This Monday, a Bitcoin price gap opened in the CME futures between $7,200 and $7,450 due to weekend volatility in the cryptocurrency market. The thing is, on Monday, the leading cryptocurrency was trading at $7,600, even as high as $7,700, leading some to suggest that the asset was going to leave the CME futures gap...Read More
Banking services platform Cashaa has seen significant growth in crypto trading volume in India since it began offering INR deposits and withdrawals. The platform has cut its fees by more than 50% and is getting ready to add five more cryptocurrencies for users in India, Cashaa has shared with news.Bitcoin.com. Also read: Regulatory Roundup –...Read More
Bitcoin’s meteoric rise to popularity over the past decade has created a tailwind that has driven a significant number of traders into the nascent crypto markets, primarily because of the frequent volatility that Bitcoin and other digital assets incur on a regular basis. The massive increase in the number of Bitcoin traders in recent times...Read More
Japan has long been a hotbed for crypto adoption. Not only is the pseudonym of Bitcoin’s creator, Satoshi Nakamoto, Japanese, but some of the largest cryptocurrency companies have called the Asian country their home over the past decade. That’s not to mention that Japan is a technologically advanced society ready to adopt innovation.It should come...Read More
On Monday morning, a discussion began to erupt on Crypto Twitter regarding a potential Youtube blackout of industry channels. First, only a few channels were purportedly affected; Canadian Bitcoin educator “BTCSessions” and pro-crypto finance Youtube channel Chris Dunn reported that a number of their videos were taken down due to “harmful and dangerous” content.At first,...Read More
Bitcoin has been facing some turbulent price action over the past several days and weeks, surging to highs of $7,700 this past weekend before hitting a region of resistance that has sparked a firm short-term downtrend that has led BTC down to its support in the lower-$7,000 region.This recent downtrend has shown few signs of...Read More
Bitcoin’s precipitous drop to $6,600 seen last month caught many traders aback; nearly no one, not even the top traders and analysts, expected for that price action to play out as it did in real life. Few predicted the subsequent bounce to $7,800, where BTC sits as of the time of writing this, too.Related Reading:...Read More
Bitcoin’s recent bullishness has been thwarted by bears who have attempted to push the cryptocurrency back down to its support within the lower-$7,000 region, and it is imperative for bulls to support BTC above this region if they want to further extend their upwards momentum.Analysts are noting that Bitcoin’s current market structure does appear to...Read More
Looking back at 2019, the cryptocurrency industry witnessed the entry of several mainstream companies into its ecosystem. However, Facebook’s Libra project was the one that garnered the most attention. Even though the buzz around the project seems to have sobered down, it still is a hot topic of discussion. China wasn’t far behind, as the...Read More
Ranked 19 on the crypto assets leaderboard, NEO is also known as the Chinese version of Ethereum. Although being 96 percent down from it’s an all-time high of ~$200, the token still has been a hit amongst traders off late. The question is can NEO really prove to be a winning investment next year? Let’s...Read More
2019 was an interesting year for cryptocurrencies. Some would say it wasn’t as bad as the crypto winter in 2018 and others would note it wasn’t as great as bull run 2017. One thing’s for sure, ever since the all-time price highs, interest in cryptocurrencies has been waning. According to data from Google Trends and...Read More
Following the recent freezing of around US$9 million of donations to the Hong Kong protest movement, demonstrators have now turned their attention towards financial censorship. With hostility against the banking industry rising, Bitcoin, as a censorship resistant asset, may well stand to benefit.The most recent manifestation of the ongoing civil disobedience has seen thousands of...Read More
Blockchain Capital Partner, Spencer Bogart, has been talking to Bloomberg about his predictions for Bitcoin in 2020. TL;DR – things will go vertical, and though he isn’t specifically referring to BTC price, that may well follow. The End Of The Horizontal Competition Era Bogart’s most anticipated element of cryptocurrency industry development in 2020 is to see...Read More
Is the bottom in? Since Bitcoin (BTC) fell precipitously to $6,600 late last month and $6,400 just days ago, analysts have been asking if the leading cryptocurrency has finally found a price bottom after a multi-month downturn.Related Reading: Eat My Shorts: Everything You Need To Know About The Bitcoin Bart PatternAnalysts have understandably divided over the...Read More
Every four years, the block reward for Bitcoin miners are cut by half. The previous halving took place in July 2016 and the next halving is expected to take place in May 2020. While the price of Bitcoin has been moving sideways without any major surge or fall, the community believes that the halving could...Read More
BitMEX is currently the dominant trading platform across the cryptocurrency market, and often speaks to or makes predictions about the state of Bitcoin with enough authority that people do indeed listen up intently.The post appeared first on NewsBTCRead More
The introduction of bitcoin derivatives has skewed the pricing mechanism of the top cryptocurrency, analyst says. In this environment, there’s no guarantee that the upcoming bitcoin halving will have a positive impact on price. | Image: shutterstock.com Bitcoin Asset manager claims most firms looking to speculate on bitcoin will use derivatives market instead of the...Read More
The general sentiment among the traditional financial markets is at extremely high levels of greed, according to the Fear and Greed Index. At the same time, the chart suggests mostly fearful feelings among the cryptocurrency market, but could those emotions be an indicator of a trend reversal? Greed Sentiment In The Stock Market The Fear...Read More
Could the price difference between Bitcoin price on spot platforms like Coinbase and Tether-based platforms like Binance offer investors insight into if the crypto asset is currently a buy or a sell?The post appeared first on NewsBTCRead More
We’re almost in another halving year. The third Bitcoin halving is slated to be one of the biggest events since the inception of the cryptocurrency. Scheduled for 14, May 2020, the reduction of the block rewards is expected to lead to a price increase owing to the principles of supply and demand, but on the...Read More
Bitcoin’s daily close yesterday confirmed that there will not be any more upside, at least, nothing above $7,600. Moreover, the indicators that exhibited bullish trends have slowed down; they are on the verge of a reversal. Moreover, the price also got rejected by the centerline of a major descending channel seen on the daily time...Read More
Data shows that Bitcoin’s hashrate has just hit a new all-time high of 111 EH/s, which represents a 170.73% increase since January 1, 2019. Bitcoin Hashrate. Source: Blockchain.com Hash rate measures the amount of computing power used by miners to generate new blocks every 10 minutes, keeping the Bitcoin network running at all times, a...Read More
Many are pinning their hopes on next year’s bitcoin halving as the catalyst for another bull rally. There may be wider issues at large though, especially with regards to bitcoin mining. Bitcoin Halving 141 Days Away The countdown continues to bitcoin’s halving which has now been estimated on May 14, 2020. The widely anticipated event...Read More
Bitcoin to hit $100,000 two years from now at Christmas 2021? Don’t believe it, warns Bloomberg’s markets editor. | Source: Shutterstock Bloomberg Markets editor bashes the Bitcoin Stock-to-Flow model for allegedly mispredicting the cryptocurrency price. Joe Weisenthal says scarcity is not an influential factor in pricing bitcoin in the future. People only need to bid...Read More
Since yesterday, Bitcoin’s price movement has been flowing downward in a series of waterfalls, with some sideways movement in between. The daily close yesterday being rejected at the two-year moving average at around $7529 caused Bitcoin to flip from being slightly bullish to majorly bearish, causing a flurry of liquidations on BitMEX Bitcoin longs. Source: BTCUSD...Read More
Not so long ago, crypto exchanges came under fire for allegedly facilitating wash trading and trade volume manipulation. Following Bitwise’s report about exchanges faking volumes, popular data site, CoinMarketCap faced backlash for reporting false volumes. TradingView’s General Manager, Pierce Crosby explained spoofing in the equities market is similar to creating fake volumes in the crypto...Read More
There are plenty of metrics and models used to anticipate the future price of Bitcoin. A popular one is stock to flow ratio but one Bloomberg host has called it nonsense adding that coin supply has little effect on BTC prices.Bitcoin S2F Prediction Model ‘Nonsense’According to economics reference materials, stock to flow is defined as...Read More
At least six crypto Youtube channels have reported in recent hours that their content is being removed under the site’s “harmful and dangerous” policy, with one popular channel claiming Youtube pointed to a “sale of regulated goods.” Chris Dunn is one of these, whose channel has over 200k subscribers and has had multiple videos removed...Read More
