At the moment, Bitcoin [BTC] might be struggling to shrug off its resistance at $12,000. However, just a few months back, the price position was much worse. In the month of April, for instance, Bitcoin was struggling to sustain a position above $7500. With the much-anticipated May 2020 halvingRead More →
Bitcoin (BTC) is duplicating what it did the year before the all-time high of $20,000, and the new bull market has existed for more than a year. This is according to the popular statistician Willy Woo, who further explained the current price increase of Bitcoin this week. Woo: Bitcoin’s “earlyRead More →
Although most crypto users welcome the current regulations for the digital asset market, it has not always been smooth sailing when governments and regulators face compliance-related challenges. Although more regulations have helped the industry develop and even increased the confidence of users and investors, data privacy issues have emergedRead More →
The price of Bitcoin (BTC) is hovering at $11,300, close to a key technical level, which some traders believe makes the $11,500 “most important” level confirming the new bull market cycle for BTC. If Bitcoin stays above $11,500 by August 10, it will be the highest weekly closing priceRead More →
The cryptocurrency space can be very competitive in terms of every coin trying to take advantage of the increasing volatility to gain revenue. Bitcoin, the largest cryptocurrency, has experienced huge volatility, and it proved to be a double-edged sword for cryptocurrencies because it fell by more than 10% withinRead More →
Before a state of emergency had officially been declared to slow the spread of the pandemic in Japan, overall activity on crypto exchanges decreased as there was a spike in fiat deposits. According to data published in March 2020 by the Japan Virtual and Crypto assets Exchange Association (JVCEA),Read More →
Cardano currently stands at 8th rank with a market cap of $3.46 billion. With the coin trading at $0.1329, the coin is stuck moving sideways with no proper destination in sight. Cardano 1-day chart Source: ADAUSD TradingView The price has 3 possible directions to move, up, down, or sideways.Read More →
Recent digital asset custody clarity from the U.S. Office of the Comptroller of the Currency, or OCC, will likely affect institutional investors more, according to OKCoin CEO Hong Fang. “The biggest impact will potentially be on institutional investors,” Fang told Cointelegraph. She added: “Retail investors have a much widerRead More →
The price of Bitcoin (BTC) has seen a great week with a surge to $11,700. After two months of consolidating inside a range, the price of Bitcoin finally broke through the psychological barrier of $10,000 and currently faces the final hurdle before the bull market can start. Most often,Read More →
The price of Bitcoin (BTC) has increased from $10,995 to over $10,200 in the past 12 hours. But while the momentum of BTC also pushed up the price of other top cryptocurrencies, including Ether (ETH), key metrics and technical patterns suggest the chances of a pullback are rising. CryptocurrencyRead More →
For many of the market’s altcoins, a rally was in the works even before Bitcoin’s price hike that enabled it to go past $11k took place. However, in the past day’s time, strong bullish momentum in the altcoin market has seen a dip. For the second-largest altcoin Ethereum, theRead More →
Controversial German payments processor Wirecard — the issuer of several crypto debit cards — has been implicated in a new report on alleged criminal activities by a Mastercard executive operating at the troubled FBME bank in Cyprus. In 2014, the United States’ Financial Crime Enforcement Network had banned U.S.Read More →
There are few indicators capable of accurately detecting professional traders’ sentiment on Bitcoin (BTC). To ascertain whether or not market participants are positioned in a bullish or bearish manner, analysts usually rely on technical analysis and derivatives markets, although those usually mix retail flow. More recently some exchanges createdRead More →
Ether (ETH) price has shown an incredibly strong performance this week, rising more than 22% since the start of the week and currently less than one dollar away from setting a new high for 2020. Crypto market weekly price chart. Source: Coin360 As reported by Cointelegraph, the upcoming EthereumRead More →
The price of Bitcoin (BTC) is up 5% in the past 24 hours and currently trades at $9,600 after reaching a daily high at $9,664. The overnight increase in BTC coincides with an unexpected decision from the Office of the Comptroller of the Currency (OCC). On July 22, theRead More →
The cryptocurrency ecosystem has evolved substantially over the past decade. While Bitcoin remains the most recognizable flag bearer, the industry’s adoption rates would look quite different if it were not for handy stablecoins. In this regard, Tether has been god-sent for the cryptocurrency market and the larger ecosystem. However,Read More →
All these years, Bitcoin has been called different names, it has phased, morphed into being different things; from being an asset used in the dark web to an asset that aids in speculative trading. Between name-calling and morphing, Bitcoin has evolved into an asset that is now being consideredRead More →
The Ethereum derivatives market, like its spot market, was lying low. The last time the Options market witnessed increased activity was on 26 June, wherein a bulk of contract expiry was supposed to take place. According to data provider Skew, the Open Interest [OI] on 26 June was closeRead More →
The trend of usage incentives in decentralized finance kicked off with Compound’s COMP token distribution, and it continued through several other platforms that sought to replicate its perceived success. But the latest DeFi yield farming mania involves yEarn, a yield aggregating platform developed by just one man, Andre Cronje.Read More →
A recent report by blockchain tracking and analytics provider, Whale Alert, revealed that the miner known as Patoshi mined over $10.9 billion or 1,125,150 BTC during Bitcoin’s infancy in order to protect the network from a 51% attack. Patoshi has been confirmed to be the anonymous Bitcoin creator knownRead More →
China controls much less Bitcoin (BTC) mining power than people think, according to a new survey. Released on July 16 by asset manager Fidelity and crypto research firm BitOoda, the survey reveals that China is actually responsible for around 50% of Bitcoin mining — not 65%. Much Chinese BitcoinRead More →
For the industry’s bitcoin miners, 2020 is not the year they had hoped for. With the mining reward cut in half and the price still well below $10,000, an increase in the price of the centerpiece would be a welcome change. However, saying this could be seen as aRead More →
Binance’s much-anticipated cryptographic currency debit card, the Binance Card, is officially launched in the countries of the European Economic Area, or EEA. Binance told Cointelegraph on 14 July that users based in the EEA will be able to apply for a Binance card from August. While the UK willRead More →
Bitcoin SV, Bitcoin’s persistent hard work has now become a mainstay in the top 10 coins in the cryptocurrency market. It is currently ranked eighth with a market capitalization of $3.41 billion, behind its big brother Bitcoin Cash which has a market capitalization of $4.3 billion Looking at theRead More →
Bitcoin (BTC) starts Monday avoiding another $9,000 test, but what could happen to change the mood or even trigger a bull run? Cointelegraph looks at five major facts that could influence the BTC price in the coming week Stocks under pressure: is “valuation” important? The macroeconomic outlook seemed moreRead More →
