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
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
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
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
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
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
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
The past six months are likely to leave a lasting impact on almost all economies in the world for a few years to come. The COVID-19 pandemic and the resulting uncertainty that surrounds most markets r The post Why it makes sense for every investor to buy Bitcoin now appeared first on AMBCrypto. The post...Read More
As Bitcoin continues to trudge between the $9,500 and $10,000 range, altcoins prospects may be bolstered. The king coin’s stability off-late may have irked investors but for the top-ranking coins in t The post Bitcoin’s highest correlation is with XRP, while BTC-ETH comes in fourth appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
Bitcoin was down by 3 percent YTD. The cryptocurrency has so far failed to recuperate from the yearly highs as it continued trading below $9,500. The effects of the recent fall were not only limited t The post Bitcoin futures market notes the lowest trade volume in 2020 appeared first on AMBCrypto. The post appeared...Read More
Although bullish on a longer time frame, bitcoin has shown bearishness on the lower time frame on multiple occasions. As it has been hovering in the $9,000 range for more than a month, the price looks The post Bitcoin short-term price analysis: June 14 appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
Bitcoin halving resulted in a 33% drop in hashrate. Government of China’s Sichuan province’s latest directive asked miners to swiftly halt all mining activities. This could result in another 10% drop The post Siberia could be a gold mine for Bitcoin miners appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
The month of May was filled with volatility as the price of Bitcoin kept swinging constantly. Despite the sell-off in the market, the value of BTC remained above the $9k resistance. While the first da The post Bitcoin, Ethereum perpetual contracts on Binance register growth appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
The debate on whether Bitcoin is like or unlike gold has been widely discussed and seems to be an overdone narrative. However, there have been analysts who have been trying to draw similarities and di The post Despite Bitcoin-Gold similarities, investors prefer latter appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
On 25 May 2020, when Goldman Sachs announced that they were going to host a call involving Gold, Inflation, and Bitcoin, a sense of exhilaration ran wild in the crypto-community. When the instituti The post Goldman Sachs’ Bitcoin opinion will change with time appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
Remember the days when anyone with a computer could mine Bitcoin? Yes, a long time ago, before the days of ASIC, a few lucky ones did mine Bitcoins with their computers. As Bitcoin’s mining difficu The post Bitcoin mining at home yields ‘pristine BTC with more privacy’ appeared first on AMBCrypto. The post appeared first...Read More
After the last halving on 9 July 2016, Bitcoin peaked by 2,875% towards the end of 2017 and since then, people have been speculating about its next peak, especially in light of its upcoming halving. The post After Bitcoin halving, Stock-to-Flow model will unwind elevated levels of clarity appeared first on AMBCrypto. The post appeared...Read More
Bitcoin, the world’s largest cryptocurrency, seems to be gaining steam as the much-anticipated block reward halving approaches. While many did expect Bitcoin to surge to new heights by this time, the The post Bitcoin’s weekly surge leaves EOS, BAT behind in its wake appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
After lagging behind Ethereum for most of April, Bitcoin turned up the heat in the last week of April after the world’s largest digital asset ended up as the best performing crypto-asset in the indust The post Bitcoin fees note 170% hike as market health turns green on multiple fronts appeared first on AMBCrypto. The...Read More
