Bitcoin’s price is still whipsawing between $10,420 and $9950, as of today, despite $11 billion which were flooding back into the global crypto market over the last 48 hours. It appears a vast majority of this new investment is pouring into Ethereum, which is enjoying a 7% daily price gain right now and is the...Read More
This year has certainly been a test of the Ethereum network, pushing it to its limits under unprecedented loads. Users have been disgruntled with sky-high gas fees, but other on-chain metrics have been good for the overall Ethereum ecosystem. Economic Activity Surges A recent report by analytics firm CoinMetrics has revealed that Ethereum has flipped...Read More
Bitcoin has followed Wednesday’s increases on Wall Street and has risen to about $10,400. Most altcoins are also in green, as the total market cap sees a $22 billion addition over the past day. Ethereum, Polkadot, and Chainlink surge by approximately 10%, while DeFi tokens lead the way with the most gains, as YFI touches...Read More
A report compiled by the blockchain forensics company Chainalysis indicated that cryptocurrency adoption is growing globally. By exploring four key metrics and separating the data country by country, the firm’s Global Crypto Adoption Index 2020 showed that Ukraine, Russia, and Venezuela lead the way. The metrics take into consideration the purchasing power parity (PPP) per...Read More
Macro-scale data reveals that the correlation between gold and Bitcoin has surged in 2020, registering a new all-time high. Although both assets are in the green year-to-date, Bitcoin is still outperforming the precious metal, despite the recent price drop. BTC-Gold Correlation At ATH According to data from the analytics company CoinMetrics, the 60-day correlation between...Read More
Bitcoin and cryptocurrency exchange Kraken says that the drop in BTC’s volatility is not the end of the story. Historical observations suggest that after losing gains and remaining lifeless on the trading front, Bitcoin will galvanize into action soon, to end the year on an explosive note. Despite September Crash, Kraken Bitcoin Volatility Report Has...Read More
Bitcoin has had a rough week of trading. Roughly about eight days ago, the cryptocurrency was hovering above $12,000, causing many to believe that the bull run will take it above the current yearly highs and push forward. The entire community was ecstatic, and there were little to no signs of bearish sentiment. As it’s...Read More
Bitcoin slid once again beneath the $10,000 mark, but it stands above it now. Most of the altcoin market retrace today, especially DeFi representatives. BTC’s high correlation with the stock markets could suggest further declines, as Wall Street marked significant losses during yesterday’s trading session. Bitcoin Recovers From Another Sub-$10K Trip As reported yesterday, BTC...Read More
A popular cryptocurrency analyst pointed out that Bitcoin tested the 20-week moving average (MA) on its recent move down from $12,000 to $10,000. This could turn out to be a bullish sign for BTC, as identical price developments have pumped it higher during the last bull market in 2017. Bitcoin’s Recent Price Drops After dumping...Read More
The total USD value locked in DeFi may have taken a hit after topping at $9.5 billion. But that hasn’t stopped the proliferation of tokenized Bitcoin tokens on the Ethereum blockchain. Data shows that the ‘BTC on Ethereum’ number has now gone up to a little over 72,000. That implies that around $750 million worth...Read More
Bitcoin dived once more under the $10,000 mark, but it rapidly bounced off and sits above it now. The rest of the market resembled BTC’s movements with initial dumps and quick recovery. Given the high correlation, all eyes are now on Wall Street as the market will open today for the first time since Friday...Read More
The Australian Securities and Investment Commission (ASIC) has banned an Australian national from working in the financial sector. According to the watchdog, John Louis Anthony Bigatton operated as the Director of Australia Promotions for the notorious cryptocurrency scam – BitConnect. Aussie National Banned For BitConnect Participation As CryptoPotato reported last year, the Australian corporate regulator...Read More
So much for ‘this is the last time you’ll see Bitcoin under five figures”. Bitcoin price is now hovering along the top of the unfilled CME gap at $9,925, and looking very likely that it will break down to $9,665 soon to close it off. This anticipation of more downside in the short-term has been...Read More
After a freefall that led to an almost $2000 drop, Bitcoin’s price is showing signs of stability. From a March vs. September BTC price action comparison chart, however, it’s possible that the pain is just beginning. Why Did Bitcoin Price Crash Last Week? Several possible reasons can be attributed to Bitcoin’s near 20 percent crash....Read More
Bitcoin has reduced its high volatility as of late and remains above $10,000. The rest of the market shows recovery signs, including Chainlink, which is back in the top 5, and SushiSwap’s triple-digit price surge has returned SUSHI in the top 100. Bitcoin Stays Above $10K After a few consecutive days of massive price fluctuations,...Read More
With the local economy continuing to suffer and the Argentinian peso devaluating, over 73% of participants in a recent poll voted that cryptocurrencies are the most efficient saving mechanism. Nearly as many responded that they have invested in at least one digital asset. Argentina’s Economy Following The COVID-19 Lockdowns The South American country had been...Read More
Bitfinex and sister firm Tether moved to dismiss a Bitcoin manipulation lawsuit filed against them in October last year. The crypto companies said that the allegations are baseless. Bitfinex And Tether Call For Dismissal Of ‘Preposterous’ Lawsuit In October 2019, a group of bitcoin and cryptocurrency traders David Leibowitz, Benjamin Leibowitz, Jason Leibowitz, Aaron Leibowitz,...Read More
Bitcoin continues above $10,000, while Ethereum’s free fall has only intensified in the past 24 hours. The DeFi space is also facing major hurdles, but over the past few hours, a lot of DeFi coins have bounced following new developments with SUSHI. Bitcoin Fights To Stay Above $10K As CryptoPotato reported yesterday, Bitcoin bottomed at...Read More
Just four days ago, one Bitcoin was trading for over $12,000. However, the cryptocurrency markets followed the global markets, and as of writing these lines Bitcoin fights to close the daily candle above $10,000. If the bad blood coming from the equity markets was not enough, then came the SUSHI sell-off by its creator. This...Read More
Earlier on Saturday, the lead developer behind the popular Sushiswap protocol sold all of his tokens, causing a massive drop upwards of 50% in the token’s price. Elsewhere, the entire cryptocurrency market is feeling the pressure as the total capitalization is down by more than $11 billion in the last few hours. Sushi Seloff Headstarts...Read More
A recent report indicated that as proof-of-work-based cryptocurrencies such as Bitcoin and Monero were increasing in value in 2020, the cryptojacking cases worldwide have surged after a year of continuous decline. Cryptojacking On The Rise In 2020 The term cryptojacking refers to when an unauthorized person gains access to a computer for mining (or minting)...Read More
After a few days of declines, Bitcoin has regained some value and is hovering around $10,500. Most altcoins are also recovering, with the total market gap increasing by $10 billion from yesterday’s bottom. Bitcoin Bounces Off $10K The bears dominated the cryptocurrency field in the past few days. Bitcoin dipped below $10,000 on two occasions...Read More
The events of the past seven days took a turn for the worst throughout the entire cryptocurrency market. Bitcoin started the week trading at around $11,500 and managed to advance to a peak of around $12,050 a few days later. And that’s when it went downhill. In less than two days, BTC lost around $1,500...Read More
Bitcoin (BTC) Bitcoin saw a steep 10.6% price decline this week as it hit the current $10,250 level. The cryptocurrency had started September off with a bullish tone as it managed to spike above the $12,000 level. However, this changed two days ago as Bitcoin started to roll over. It initially found support at $11,150...Read More
It seems that the pressure continues on global markets as major US indices such as the S&P 500, Nasdaq, and the Dow Jones Industrial Average, all took a nosedive following the market’s open today. Bitcoin continues to correlate with stocks and also dived to a low of $9,875 on Binance. The prices have since recovered...Read More
A recent report compiled by Santiment revealed that the number of Bitcoin whale addresses had been gradually increasing in the past few years. The growing accumulation levels and HODLing mentality could reduce the impact of short-term bearish developments and pump BTC in the long-run. Bitcoin Whales At ATH BTC whales are considered individuals or organizations...Read More
Joseph Frank Abel has pled guilty regarding his involvement in the notorious Bitcoin mining scheme BitClub Network worth over $700 million. The development follows the alleged owner’s arrest in June and a Romanian programmer also admitting to his participation in July. Another BitClub Operator Pleads Guilty According to a statement from the US Internal Revenue...Read More
The cryptocurrency market is not finished dumping in value as Bitcoin is fighting to stay above $10,000, while Ethereum is already well below $400. The rest of the alts are bleeding out as well, as the total market cap shed $60 billion in two days. Bitcoin Dipped Below $10,000 It was merely 48 hours ago...Read More
The Bitcoin (BTC) price dip seen on Thursday has triggered a cascade of forced liquidation on derivatives exchanges like BitMEX and Bitfninex. U.S. stocks have also taken a beating, with the markets experiencing its worst performance since June. Bitcoin Long Bloodbath as BTC Price Falls to $10,700 According to data from the crypto derivatives analytics...Read More
Bitcoin has dramatically extended its losses today, as prices slide a further $1,000 in under 24 hours. Yesterday, we observed how the leading asset was recovering along with the $11,400 and expected it would push sideways before another big move arrived. Looking at the 4-Hour chart, we can see it did exactly that. Until the...Read More
