Bitcoin’s investment thesis as a long-term asset has been fairly well-received over the past few years. In fact, with more and more institutional investors, Bitcoin seems to be emerging as the go-to asset. While 2020 was pitted to be a key year for the cryptocurrency owing to its third block reward halving, the year hasn’t...Read More
After being rejected under the $11,000-mark, the last 48-72 hours have seen Bitcoin survive a period of bearish turmoil. With the cryptocurrency’s price consolidating near $10,300 at press time, some degree of recovery was observed on the charts. However, the resistance at $10,412 continued to hold out. A look at Bitcoin’s charts revealed that a...Read More
Bitcoin and Ethereum have shared the center stage at regular intervals this year. In fact, some would argue that Ethereum has run more miles and gotten more attention than BTC this year. Such a scenario was playing out in the markets as well. Over the course of certain bullish spells in 2020, most particularly during...Read More
Everyone wants more money. It is the reason we seek good investments and at times, quick money-making schemes. While investment in stocks, bonds, and real estate are common, cryptocurrencies have emerged as an evolving class of investment, one that could help avid traders and investors. However, from a traditional point of view, the crypto-market’s volatility...Read More
Volatility is a given in the Bitcoin market, but nowadays, it’s a given in every market. Let’s face it – 2020 hasn’t been a good year for a lot of things, least of all the financial markets. With stock markets hitting record-lows, inflation only likely to rise from here, and investors puzzled with all that’s...Read More
Bitcoin‘s price in the market has been taking continuous hits over the week. While Bitcoin started the week by facing strong resistance close to $11k, a sell-off soon pushed its value down by 6.32%, with the digital asset once again valued at $10.2k. While BTC tried to bounce back from this drop, on 23 September,...Read More
Attackers behind the LockBit Bitcoin ransomware have released some of the data stolen from a U.S based firm called Skyline, which organizes trade shows and exhibitions, according to the “Information Leaks” Telegram channel. Media reports did not mention whether the company had paid the ransom to retrieve the data or the funds involved. 182,719 files...Read More
Huobi has released its native crypto trading, mobile app for the Russian market according to a release shared with AMBCrypto today. With this move, users in Russia can now access Huobi’s mobile trading app on both iOS and Android. In recent news, Russia passed new regulations on crypto-trading and mining stating that it would not...Read More
ERC-20 token, TBTC, which lets Bitcoin holders safely copy BTC over to Ethereum and access yields from DeFi apps on Ethereum, has been launched and is ready for use on the tbtc.network, according to an announcement from the Keep Network today. According to the release, TBTC is trustless and is fully backed and matched by...Read More
So, Bitcoin crashed again; this time, it dropped from $11,000 to $10,280. This only confirms that bitcoin is range-bound again, between $11,000 and $10,000 with a tolerance of $500 on either side. Like any other crash, this article will identify the reason for the crash and what to expect hereon. Markets move in unison The...Read More
Bitcoin Options trading volume on the CME has consistently been higher than $7M over the past 3 months. In fact, the figure in question has even gone past $30M on quite a few occasions over the last 30 days. Source: Skew Such consistent trading volume is an indication of steady institutional interest and investment in...Read More
If you speak to someone who has heard of Bitcoin but doesn’t invest in it, their reason for the same would probably be something like this, “It’s too volatile for me! I’d rather stick to stocks and bonds.” Well, fair enough, but does it actually hold water? To answer this, we would have to put...Read More
With the Bitcoin-Gold correlation at 76.3%, at the time of writing, market analysts are once again commenting on how crucial this correlation is, especially with regard to what it implies. However, what is interesting to note here is that this correlation was negative for the most part of the past two years. That is, before...Read More
Bitcoin and Ethereum have long been the two most-popular cryptocurrencies in the market. While Bitcoin has remained top of the charts, for most of the time, Ethereum has been the cryptocurrency following it. This, despite the fact that a number of altcoins have taken a jab at ETH’s position over the years. Spoiler – None...Read More
To the investment world, Bitcoin just doesn’t make sense. An asset with no financials, no quarterly earnings reports, no management to speak for it on investor calls, no valuations, no annual report, no head office, nothing. How does one value something like this in order to invest in it? There’s a simple answer – They...Read More
MicroStrategy made a huge splash when it chose Bitcoin as its Primary Treasury Reserve Asset, a move, the implications of which, are yet to sink in among many in the crypto-community. In fact, MicroStrategy Founder and CEO Michael Saylor invested a massive $500M off its balance sheet in Bitcoin. The fact that Michael got acquainted...Read More
As of 20 September, Bitcoin’s difficulty has been adjusted by ~11.35%, with the hash rate subsequently hitting a new ATH of 143m TH/s. This was the largest positive adjustment in the year 2020, and its implications might not be as bullish as one would expect. While an increase in hash rate leads to an increase...Read More
Disclaimer: The findings of the following article should not be taken as investment advice as it is the sole opinion of the writer Bitcoin’s rise from $10,000 to $11,000 was slow, but steady. However, of late, the market’s bulls seem to have run out of steam. The outlook for Bitcoin on the medium to long-term...Read More
What’s the tipping point for Bitcoin Futures on top derivatives exchanges like the CME, an exchange that has recorded a daily trading volume of over $300M and Open Interest of over $400M, consistently, for the past 3 months. Source: Skew Well, a small shift in Open Interest or trading volume can have a cascading effect...Read More
Bitcoin’s use-cases have evolved quite a bit over the past decade. For many investors, the right amount of exposure to the crypto-market and assets like Bitcoin can be extremely useful as a hedge, especially when compared to traditional assets like the S&P, Gold, etc. Compared to the latter assets, Bitcoin has also been able to...Read More
In light of rising institutional interest and Bitcoin’s press time RoI of 53.17% YTD, it may be the right time to evaluate what comes after 60/40. Once the mantra of Wall Street Bulls, 60/40 is now a passé strategy. Allocating 60% broadly to stocks and 40% to bonds assured relatively good returns with low-risk exposure...Read More
In the cryptocurrency world, every sign is a bullish sign. From China getting into blockchain, to Facebook launching its own cryptocurrency, to Donald Trump tweeting about Bitcoin, nearly everything can be construed to be a sign of the upcoming bull run. Needless to say, not all of these signs actually have any backing behind it....Read More
Hacked crypto exchange Cryptopia’s assigned liquidator, Grant Thornton New Zealand shared an update that Cryptopia account holders will soon be able to register to claim their trapped crypto funds, which in total is worth nearly $100 million. The claims registration process is said to open by the end of the year, however, the release did not...Read More
Utrust, a blockchain powered crypto payment gateway that gives e-commerce businesses the option to accept cryptocurrencies like bitcoin and ethereum, announced its integration with Kompakt, a Cologne-based electronic music record label company. This would allow the music company’s fans to pay in digital currencies like BTC, ETH, and also UTC token when they buy merchandise...Read More
Bitcoin has been, by far, one of the market’s best-performing assets, despite periods of stagnation in 2020. Given the present economic condition and the uncertainty that is prevalent, Bitcoin has been pitted to be the go-to store of value asset, giving the likes of monetary metals like gold stiff competition. This has also led to...Read More
Bitcoin’s status as a safe-haven asset has been one of its key selling points for a long time. In fact, this has enabled the world’s largest and most dominant cryptocurrency to welcome more users into the ecosystem, especially in light of the fact that citizens in failing economies are rapidly losing faith in their depreciating...Read More
Dips are a common phenomenon in every financial market. Whatever goes up, has to come down – Momentarily, or otherwise. The same is true for Bitcoin. While many novice traders fear the sight of a price decline, opportunistic traders observe it from the perspective of accumulation for the long-term. Ecoinometrics’ latest newsletter on previous Bitcoin dips...Read More
After noting a 24-hour rise of 54.27%, Bitcoin held on exchanges climbed to 28.54k. In fact, this was the biggest one-day increase in nearly two months. This BTC is held on exchanges for the purpose of trading and an increase in this number is an indicator that HODLers are selling slowly. While there are other...Read More
Disclaimer: The findings of the following article should not be taken as investment advice as it is the sole opinion of the writer Bitcoin was undergoing corrections, at the time of writing, over the shorter timeframe. After recording significant movement while also briefly re-testing the $11,100-mark, Bitcoin’s bullish momentum on the charts finally seemed to...Read More
U.S. Treasury Department sanctioned two Russian nationals, Danil Potekhin and Dmitrii Karasavidi for their alleged involvement in a phishing campaign that resulted in losses of around $16 million worth of cryptocurrencies from users’ accounts in two U.S.-based and one foreign-based cryptocurrency exchanges. Secretary of the Treasury, Steven Mnuchin published a tweet that stated: As innovation...Read More
