On May 7, 2020, the price of a single bitcoin crossed $10,000 per unit in USD value as the network only has four days until the halving, otherwise known as the “quantitative hardening” by some investors. The cryptocurrency’s per annum inflation rate will drop from 3.6% to 1.8% on or around May 12, 2020, as...Read More
Digital currency markets have been rising again as the entire market capitalization of all 5,000+ coins has jumped above the $200 billion mark. The increase in crypto trade volume and coin values has followed alongside the recovery traditional equity markets saw on Monday. On Tuesday, most of the digital assets in the top ten are...Read More
Since the massive bitcoin and crypto surge in late 2017 and resultant crash in 2018 everyone has been waiting for a return to those giddy heights. In reality, it may just take a little longer as it did after the dotcom bubble burst. Bitcoin’s Slow Build Looking at previous years may give us an indication...Read More
The potential short-term and long-term growth prospects of bitcoin can be gauged from the ongoing price activity. BTC price is facing increasing resistance on its way up. Volatility is decreasing with time. What does this mean for bitcoin’s overall outlook? In his latest article, entrepreneur, engineer, and bitcoin optimist Harold Christopher Burger deeply analyzed the...Read More
The last five years have been a test phase for bitcoin derivatives, which began tentatively when Bitmex eased into life in 2014. Now, as the cryptoconomy prepares to enter a new decade, derivatives products will play a pivotal role in price discovery. 2020 will be a big year for bitcoin and for the futures markets...Read More
The size, liquidity, and growth of crypto markets are still in its infancy. Even all crypto-related activity is still minimal in comparison to traditional assets. Global Stock Markets Add More Than 3 Times the Total Value of Crypto Assets in a Week Global stock markets continued to rally in 2019, despite some fears of a...Read More
The Shenzhen Stock Exchange has launched a blockchain index comprising 50 of the largest publicly listed companies with blockchain ventures by market capitalization. Blockchain-related stocks in China have been gaining value since President Xi Jinping openly advocated for the technology. Also read: Regulatory Roundup – New US Crypto Bill, France’s 1st Approved ICO, Muslim Crypto...Read More
In a recent interview, Henry Arslanian gave his opinion on the future of crypto markets and why he believes that more institutional investors are about to arrive. As 2019 is approaching its end, many are looking back to what the crypto industry has accomplished this year. However, a topic that is just as interesting, if...Read More
Logarithmic scale analysis of the entire bitcoin and crypto market, based on data from the past decade, point to the potential for the sum of all digital assets to reach a valuation of $11 trillion by 2023. Logarithmic Analysis Predicts New Altcoin Bull Run, Bubble in Coming Years Benjamin Cowen, who has dedicated previous analysis...Read More
A new study of 140,000 crypto addresses finds that few accounts are needed to form majority ownership of many coins. More than half of all LTC is held in just 189 non-exchange addresses, and on average, the top 100 ERC20 tokens are majority-owned by just 34 addresses. Almost 1 in 4 tokens had a majority...Read More
Crypto trading platform Erisx has launched a bitcoin futures market regulated by the U.S. Commodity Futures Trading Commission (CFTC). Its physically settled bitcoin futures contracts trade alongside its spot market which supports four cryptocurrencies. Erisx has obtained a license from the U.S. Financial Crimes Enforcement Network (FinCEN) and is currently approved to operate in 44...Read More
If you bought synthetix (SNX) this time last year, you don’t need to read these words. You’re already rich after your moon bag lived up to its billing and pulled a 50x. Despite the era of undiscovered gems tapering off in 2018, there’s still a handful of tokens that achieve the impossible each year, making...Read More
Ross Ulbricht, serving life without parole for allegedly running the Silk Road marketplace, hasn’t allowed his detention to deprive him from monitoring bitcoin’s price action. In a new blog series titled Bitcoin by Ross, Ulbricht reveals that he is closely attuned to BTC’s price movements, and shares some suggestions as to where the market might...Read More
Bakkt has launched two new regulated bitcoin derivatives products. Within hours of launch, Bakkt announced that over 1,000 futures contracts had been traded in Asia. The platform now offers four types of regulated bitcoin derivatives products: monthly and daily physically delivered bitcoin futures, cash settled bitcoin futures, and options on monthly bitcoin futures. Also read:...Read More
Binance coin has created three lower lows between now and June as price action loses close to 50% of its value. Further downside is expected, however, signs of a reversal could be playing out. BNB/USD 1 Hour Analysis On the 1 hour chart for BNB/USDT, we can see at the end of August price levels...Read More
What’s bad for the global stock market is good for bitcoin, believes veteran economic theorist Max Keiser. The founder of crypto-only venture capitalist firm Heisenberg Capital turned bearish on equity markets, fearing that they would collectively fall by 15,000 points. He further envisioned that a stock market crash might prompt investors to take their capital...Read More
Since the recent drop from $11,000 t0 $9,800 as outlined in my previous analysis on BTC, price levels have created an asymmetrical triangle and will see a breakout next week. Bitcoin 1-Hour Analysis On the 1 hour chart for XBT/USD, we can see the asymmetrical triangle highlighted after the breakdown from the rising wedge as...Read More
Bitcoin has spent most of the weekend just clinging on to levels above $10k but failing to make any progress there. Yet again trading in Asia has driven momentum this Monday morning as a spike over $10,600 takes BTC to its next resistance level. Seven Percent Bitcoin Spike in Asia Another dip down to $9,900...Read More
Despite the promises of crypto analysts and institutions like Goldman Sachs, Bitcoin price continues to hover around low 5 figures. What’s going on? After struggling to hold above the $11,000 point earlier this week, Bitcoin price, at last, succumbed to selling pressure and dropped below $10,000 for the second time in three weeks. Prior to...Read More
Bitcoin price could rally to $10,712 in June amid current investor sentiment and the launch of Facebook’s ‘cryptocurrency’ GlobalCoin, according to a prominent analyst. Bitcoin to $10K in June? ThinkMarkets Chief Market Analyst Naeem Aslam has concluded that June will be a phenomenal month for Bitcoin price action. Historically, May has been the best performing...Read More
