Bitcoin spiked above $13,000 once again and came close to painting yet another 2020 high. Ethereum jumped above $410, and most altcoins have followed alone with notable increases. The market cap has gained $8 billion more. Bitcoin Swings At Another YTD High CryptoPotato reported yesterday that the primary cryptocurrency surged to a fresh 2020 high...Read More
PayPal, the world’s largest online payment processor, is reportedly exploring acquisitions of cryptocurrency-oriented companies. Citing sources familiar with the matter, Bloomberg reports that this includes the popular Bitcoin custodian BitGo. The sources also revealed that PayPal has been in talks with BitGo, and it could potentially reach a deal “within weeks.” However, the negotiations could...Read More
Bitcoin has been on fire during the past 48 hours, thanks to the ‘PayPal crypto on-ramp launch news.’ What is even more interesting to note is BTC’s future market outlook. Veteran trader and analyst Peter Brandt said that the cryptocurrency is about to log its second-highest monthly close since it started trading first. Brandt says...Read More
Billionaire hedge fund manager Paul Tudor Jones III has become an even bigger Bitcoin fan following the most recent price developments. As CryptoPotato reported back in May, Jones bought an undisclosed amount of BTC to protect himself amid the rising fears of increased inflations. In an interview with CNBC’s Squawk Box, the prominent investor doubled-down...Read More
While most cryptocurrency community members speculate when or if Bitcoin will ever top its all-time high against the dollar, the digital asset has already marked an ATH against other government-issued fiat currencies – the Brazilian Real and the Turkish Lira. Bitcoin Smashes Through BRL ATH The past several days have been significantly exciting for the...Read More
Bitcoin price has managed to avoid all 3 unfilled CME gaps this week and go on to break the $13,235 level for the first time since July 10, 2019 – 469 days ago. The catalyst for the 11% surge was the breaking news from PayPal yesterday that the payments giant will soon facilitate BTC and...Read More
As Bitcoin price recorded a new yearly high, most of the participants in a recent survey shared that they hold the majority of their holdings in Bitcoin rather than altcoins. Bitcoin traders are basking in profit as October turns out to be a good month for BTC. 46% Of People Allocate More Than 50% To...Read More
Bitcoin painted a fresh yearly high of over $13,200 following promising news from PayPal. This time, the altcoins joined the ride, and the total market cap has surged by $23 billion since yesterday alone. Bitcoin Registers A New 2020 High Significant news emerged yesterday when the giant online payment processor PayPal announced it would enable...Read More
During his appearance on DC Fintech Week 2020, the Acting Comptroller of the Currency Brian Brooks praised decentralized networks, highlighted the expanding role of cryptocurrencies and the necessary regulations, and hinted that central banks could actually become nodes to blockchain networks. Brooks On Crypto And Regulation In Brooks’ opinion, banks have treated cryptocurrency assets as...Read More
Characterized by an explosive rally in the last 24 hours, bitcoin just took back this year’s high again. But a popular TradingView-based analyst is calling for BTC to hit $14,300. This is based on the ‘Underlying Trend-line’ analysis, which, according to him, is the “the most consistent trend-line since March.” Bitcoin Testing The Underlying Trendline...Read More
Bitcoin’s price is undeniably affected by many factors. Throughout its nascent history, it has displayed continuous correlation with the performance of gold, although, at times, it’s moving hand-in-hand with the stock market. The overall macroeconomic landscape has also proven to be a factor for Bitcoin’s price. For example, it saw a 40% decrease in March...Read More
Newfound bullish momentum is omnipresent with Bitcoin’s price throughout the last few days. The cryptocurrency has increased by more than $2,000 since October 6th, and it shows no signs of slowing down. Bitcoin Price Breaks 2020 Highs on PayPal News Throughout the entire month of September, Bitcoin’s price was somewhat stagnant, with a few minor...Read More
Bitcoin is enjoying several consecutive bullish days, resulting in a break above $12,000. The movement may surprise some. A few days ago, news broke that the popular cryptocurrency exchange OKEx had suspended withdrawals after reports emerged that its founder was taken away by the police. In early October, the owners of another large platform, namely...Read More
One of the world’s largest online payment processing companies, PayPal, has joined the cryptocurrency market and it will allow its customers to hold, buy, and sell Bitcoin and other cryptos using fiat currency. In addition, PayPal customers will be able to spend Bitcoin to shop at over 26 million vendors already included in its network...Read More
Bitcoin has surged past $12,000 in the past several hours and it came just $200 away from marking a fresh 2020 high above $12,500. Interestingly, the alternative coins haven’t followed BTC’s move upwards, and Bitcoin has increased its dominance over the market. Bitcoin Nears A New 2020 High? The past few days have been quite...Read More
Within the past hour, Bitcoin has made its move back to tap $12,300 which equals its high for this year made in mid-August. Analysts are flooding crypto social media with their predictions as BTC reaches this crucial juncture. Since that first move above $12k over two months ago, BTC corrected to the high $9k zone...Read More
August was a bullish month for altcoin traders as they ranked in profits, forcing Bitcoin dominance to drop below 60% for the first time since the start of the year. However, the altcoin euphoria was shortlived as September brought along the bears. The end of Q3 wasn’t great for Bitcoin traders, but that was expected...Read More
Octavio Marenzi, founder and CEO of capital markets consultancy firm Opimas LLC, recently predicted that the current economic situation will shoot Bitcoin’s price “through the roof.” Simultaneously, he suggested that the traditional financial markets will suffer as the COVID-19 fears grow. Opimas CEO: Bitcoin Will Shoot Through The Roof Appearing on RT’s Boom Bust, Marenzi...Read More
In what seems to be a case of black hat hackers masquerading as the internet’s self-professed Robin Hoods, two charitable organizations have received mysterious bitcoin donations from a cybercriminal group. The generous gesture is worth 0.88 BTC (around $10,000), with the donating hackers wanting to “make the world a better place.” Hacking Corporations To Give...Read More
Bitcoin price is recovering with yesterday’s surging breakout to $11.8K. The arrival of the new bullish momentum coincided with the US trading markets opening for the week and caused $6 billion to flood back into the crypto space within a few hours. This sharp rise in trading volume has created a third gap on the...Read More
Bitcoin finally made a move in the past 24 hours and surged to a new 7-week high of over $11,800. Interestingly, BTC’s price increase contrasted with the US stock markets as the three most prominent indexes closed yesterday’s trading session with serious losses. Bitcoin Spikes To $11,820 CryptoPotato reported yesterday that Bitcoin had remained relatively...Read More
The United States Financial Crimes Enforcement Network has just struck another low blow to privacy enthusiasts after announcing the first penalty for a Bitcoin mixer. According to an official press release, FinCEN issued a $60 million civil penalty against Larry Dean Harmon, the man responsible for several Bitcoin privacy-focused services. Larry Dean Harmon was the...Read More
It is a well-known fact now, that the Bitcoin blockchain is considerably processing fewer transactions than it’s ‘Ethereum’ counterpart. And this decline in transaction processing has significantly reduced the revenue of miners as well. How much? Well, on-chain analysis firm Glassnode points to numbers that are at a 5-month low. Bitcoin Miner Revenue Touches 5-Month...Read More
They say that to see the future, one should only learn history. Oftentimes, though, we tend to ignore history altogether. Exactly 33 years ago, on this day, October 19th, 1987, Wall Street and global markets tumbled in a massive selloff that saw the S&P 500 lose about 20% and the DJIA about 22%. One might...Read More
Bitcoin’s price finally made a worthwhile move after surging to $11,840 on Bitstamp following days of stagnation. BTC/USD. Source: TradingView The price has since retraced a bit to trade at its current level of around $11,780. Nevertheless, this is a move in the right direction as concerns started crippling up that we might be in...Read More
With Bitcoin’s price hovering around $11,500, recent data indicated that the asset had spent only about three months of its existence above that particular level. BTC: Only Three Months Above $11.5K The official launch of the first-ever cryptocurrency came in early January 2009. Born during the last massive financial crisis, Bitcoin was this “magical money”...Read More
Bitcoin has continued to overcome the recent adverse news and jumped to an intraday high of $11,550 a few hours ago. Ethereum has also increased in value to about $375, while most other large-cap altcoins remain relatively still. Bitcoin Sees A $11,550 High As reported yesterday, the weekend was fairly bullish for the cryptocurrency market....Read More
Cryptocurrency trades have steered clear from Bitcoin trading during Q3 2020, said eToro’s quarterly report. In contrast, the multi-asset brokerage platform revealed that some larger-cap altcoins, such as TRON, EOS, BNB, and Tezos, had experienced double- and even triple-digit trading volume surges. Cryptocurrency Trading Changes On eToro In Q3 The popular platform published its latest...Read More
A recent report indicated that the number of Bitcoin whales has started to decrease following months of increased accumulation. Contrary to most expectations, history shows that retail investors are typically taking advantage of similar conditions, which could signify the beginning of a new run-up. Bitcoin Whales Accumulation Slows Down Bitcoin whales are considered addresses that...Read More
In the latest report summarizing the Q3 2020 developments in the cryptocurrency field, CoinGecko has classified the outcome as the “summer of decentralized finance (DeFi).” The popular data aggregator noted that the top-performing decentralized exchanges saw (DEX) massive growth in terms of trading volume resulting in reducing the market share of centralized exchanges (CEX). DEX...Read More
