Without any shred of doubt, today’s spotlight in the cryptocurrency market is entirely on Chainlink (LINK). The price for the token surged with about 40% to reach $8.480 on Binance and shatter all perceived resistances on the way up. Chainlink (LINK) Price Explodes All eyes are focused on Chainlink (LINK) as its price increased by...Read More
Ethereum has seen its active addresses count explode by nearly 150% since the start of the year. Its addresses are also massively outperforming Bitcoin’s despite being up by 50% YTD. Ethereum Outperforms BTC In New Active Addresses According to data provided by the blockchain monitoring company Messari, the number of Ethereum active addresses year-to-date has...Read More
Trading in financial markets can be a profitable but also dangerous endeavor. It requires knowledge, skills, and experience no matter the market traders are employing. Of course, gaining experience could be related to actually registering losses but it could also help to learn from traders with a long history in the field. CryptoPotato recently had...Read More
Poloniex, one of the veteran cryptocurrency exchanges, will be joining the derivatives party. The venue has launched Poloniex Futures – a platform that allows traders to use BTC perpetual swaps with USDT as collateral and up to 100x leverage. Poloniex Joins the Bitcoin Futures Party According to an official release dated July 11th, Poloniex has...Read More
Craig Wright, the man who claims to be Bitcoin inventor Satoshi Nakamoto, says Bitcoin is not and was never intended to be, censorship-resistant. According to Wright, who wrote in a blog post from July 10 titled What is Censorship Resistance, the common assumption that Bitcoin holders are protected from economic censorship is nothing but a...Read More
The lack of substantial price movements from Bitcoin during the past 24 hours, while simultaneously altcoins and, DeFi tokens, in particular, rise, means that BTC’s dominance over the market continues to decline to its yearly low. Altcoins And DeFi On The Rise The altcoin market indicates several impressive gainers throughout the past 24 hours. Above...Read More
Unlike Bitcoin’s stability, the altcoins are celebrating in their own party. Bitcoin dominance recently reached its yearly-low areas after dropping below 62.5% over the past few hours. Wild Move Upcoming? From a technical point of view, Bitcoin’s stability period like this usually ends with a wild move. The indicator we mainly use to measure volatility...Read More
Bitcoin prices followed stock markets down on Friday, sliding to an intraday low of $9,050; however, the primary cryptocurrency was able to recover in order to reclaim $9,300 over the past day but failed to break resistance there, sliding again to around $9,200 during most of Saturday. BTC/USD, Bitstamp. Source: TradingView The move has kept...Read More
One out of four men, alleged in a $722 million Ponzi scheme, has pleaded guilty on his charges before а U.S. District Judge. The Romanian programmer Silviu Catalin Balaci, 35, faces a penalty of prison and a fine for a long-running cryptomining fraud with partners. Defrauding Investors Of More Than $722M Balaci was arrested earlier...Read More
In a recent interview with Real Vision boss Raoul Pal, Kraken CEO Jesse Powell said some startling things. According to him, Bitcoin’s anonymous creator Satoshi Nakamoto may have foreseen a bigger financial crisis than 2008’s Great Recession. Jesse Powell: ‘Satoshi Saw a Bigger Bubble Coming’ The second to last talk of Real Vision’s exclusive ‘The...Read More
Bitcoin remains in its quite familiar range between $9,000 and $9,300 after a 2% increase from yesterday’s low. The most prominent US-based indexes registered similar increases yesterday, confirming the high correlation levels between the two asset groups. Bitcoin And Altcoins Recover As reported yesterday, the price for the primary cryptocurrency decreased to $9,050 on some...Read More
It’s safe to say that July has been relatively dull for Bitcoin when it comes to price action. The major cryptocurrency spent the last week trading in a range between $9,100 and $9,400 without any major fluctuations. It’s also worth noting that legacy markets and Bitcoin’s price remain aggressively correlated. In fact, a lot of...Read More
Bitcoin Bitcoin saw a small 1% increase this week as it continued to trade sideways within the confines of a symmetrical triangle pattern. BTC has been trapped within this triangle since the start of June 2020, and a breakout will dictate the next direction. Looking ahead, if the buyers can rebound from the lower boundary...Read More
Max Kaiser is a well-known American broadcaster and filmmaker. His previous experience includes anchoring an analysis program called On The Edge and producing a TV series on the Al-Jazeera English network. Currently, he’s the host of his own widely-popular financial program called the Keiser Report. Apart from his TV and online appearances, Keiser is also...Read More
Bitcoin and most altcoins have retraced slightly in the past 24 hours, after a few days of gains. Interestingly, similar price fallbacks are visible in the traditional stock markets, as the Dow Jones is down by 1.4%. Bitcoin’s False Breakout After the unsuccessful attempt to conquer $9,500, Bitcoin hovered above the significant 50-MA level at...Read More
US privacy advocates are worried that the 4th amendment does not protect Bitcoin transactions after a court ruled that the FBI agents hadn’t violated the law when they accessed data of Coinbase clients. Bitcoin Transactions Reveal Deeply Personal Information A week ago, CryptoPotato reported that a three-judge panel of the Court of Appeals for the...Read More
Bitcoin was looking promising to take on the $9,500 level yesterday after finally breaking above a critical down-trending resistance. Unfortunately, the breakout was nothing more than an orchestrated trading strategy used commonly by Bitcoin whales to shake out retail traders and likely accumulate more BTC. And it worked. The Bitcoin-Bashing Bart Simpson Pattern Whenever there’s...Read More
Galaxy Digital CEO Mike Novogratz believes that Bitcoin will outperform gold in the upcoming months. However, he advised people to allocate more funds into the precious metal instead of the primary cryptocurrency because of the high fluctuations in its price. Buy More Gold Than BTC, Says Novogratz The former Wall Street hedge fund manager Novogratz...Read More
Binance Futures traders held more open positions in June compared to May, even though trading volumes declined month-on-month. Open interest on Binance Futures rose 180% in June compared to May, from 220 million USDT to 580 million USDT. Binance concluded that this might anticipate an increase in Bitcoin volatility. Traders Held More Open Positions in...Read More
Following days of stagnant price actions, Bitcoin finally made a move and tested the $9,500 level where it got rejected. At the same time, most alternative coins are still in the green after yesterday’s impressive gains, hinting that an altcoin season may be in the making. BTC Tests $9,500 As CryptoPotato reported previously, the primary...Read More
Despite world economies still feeling the adverse effects of the COVID-19 pandemic, most stock markets have recovered from the March losses, and some are even charting new highs. This has raised speculations that Bitcoin’s price may head south, and OKEx CEO Jay Hao recently offered his answer on the matter. Jay Hao Examines The Stock...Read More
As mentioned in the last analysis, we anticipated the down-trending level (blue line) would create some resistance for bullish traders, and after five failed attempts, they finally succeeded in breaking through it. Right now (as of writing these lines), BTC prices have jumped $175 in the last hour, and for the first time since January...Read More
If you bought Bitcoin in 2015 or 2016 when BTC was trading for less than $500 and HODL till today, the value of the assets would be around 1,750% higher. However, not many investors were lucky to purchase the cryptocurrency five years ago, partly because of the skepticism of its potential at that time. Today,...Read More
Numerous alternative coins are booming during the past 24 hours, while Bitcoin remains stable. Consequently, this has raised the question of whether or not the cryptocurrency market is entering another altcoin season. Altcoins Pumping The majority of the market is well in the green today, with some impressive gains from altcoins. Yet, none has increased...Read More
Authorities of Chinese city Bayan Nur issued a warning on Sunday after a reported case of bubonic plague. The city is located in the autonomous region Inner Mongolia – one of the world’s most attractive regions for Bitcoin miners. Germ Behind Bubonic Plague Killed a Third of Europe’s Population Bayan Nur’s health committee issued a...Read More
The Commodity Futures Trading Commission (CFTC) has submitted a document to the New York Southern District Court to secure a default judgment against Benjamin Reynolds, the director of alleged fraudulent cryptocurrency scheme Control-Finance. According to reports from Finance Feeds, Reynolds failed to plead or defend the CFTC’s action, thus forcing the regulator to obtain a...Read More
Veteran market strategist Jeff Saut recently made a bold prediction that the S&P 500 index will skyrocket in the upcoming year to over 4,000. Having in mind Bitcoin’s increased correlation with the prominent US index, such a surge could be considerably beneficial for BTC’s price as well. Saut: The S&P 500 Above 4,000 Within A...Read More
The past 24 hours were somewhat positive for most financial markets, including the cryptocurrency field. While Bitcoin was on the rise and gained $300 intraday, the S&P 500 index and the Dow Jones are up by nearly 2%. Nasdaq marked a new all-time high after an increase of 2.2% Crypto Market Goes Up Although Bitcoin...Read More
According to Charles Edwards, founder of crypto asset management firm, Capriole Investments, Bitcoin’s Energy value hit an all-time high. That’s not all. The cryptocurrency’s mining hash rate also posted fresh highs yesterday. Will Bitcoin (BTC) price follow next? Bitcoin’s ‘Intrinsic Value’ Is On the Way Up As per a tweet posted by Mr. Edwards, Bitcoin’s...Read More
Brazil’s CVM Says no to Binance Futures Trading: In a statement released on Monday, the Comissão de Valores Mobiliários (CVM) — Brazil’s securities regulator — announced the ban on Binance crypto derivatives trading in the country. According to the CVM, Binance is not authorized to offer securities trading in Brazil. For the CVM, crypto derivatives constitute...Read More
