Cryptocurrency News
The world of cryptocurrencies has gained immense popularity over the years, with Bitcoin and other digital assets becoming familiar names. While this concept may seem complex at first, understanding cryptocurrency derivatives is crucial for anyone looking to delve into the world of crypto trading. Definitions Cryptocurrency derivatives are financial contracts […]
After registering a 40% rally in the past month, Bitcoin retraced earlier this month and found support this week. It bounced back strongly and broke through the previous resistance level with a heavy surge. BTC now trades well above the $24k level after bouncing back above $22k and reclaimed several […]
Since Bitcoin found its local bottom at $15600 earlier this month, it has struggled to reclaim the previous break level of $18k due to a low buying volume. The bears have also failed to show interest as the price hovers sideways. The recent decrease in trading volume has led shrink […]
Analysis of trades on blockchain-based derivatives trading platform CloseCross reveals that general distribution of the predictions and the money committed to predictions for the price of Ethereum and Bitcoin show that almost all traders are eyeing ETH to either remain stable or increase in value. There was hardly any interest […]
Given the limited supply of Bitcoin, one would assume that all coins are being moved on the network regularly. That is no longer the case, as the amount of “dormant” BTC has hit a new high. The longer coins remain dormant, the more bullish speculators tend to get. Dormant Bitcoin […]
(Photo taken from facebook.com. Karl (right) with a friend) In the USA (Miami, Florida), a 15 years old teenager earned 0.7 BTC in one day. The teen’s name is Karl Miller, he is a Miami Country Day School student. Local media asked him several questions about how he did it, […]
Bitcoin mining is widely considered to be harmful for our planet’s ecosystem. A new report by Coin Shares tells a different tale, as most of the mining efforts hinge on renewable energy sources. Bitcoin mining operators always seek out cheap electricity rates. Renewable Energy is Crucial for Bitcoin Mining The […]
Gauging the popularity of Bitcoin is no easy feat. It is crucial to look well beyond trading volumes reported by centralized exchanges. Making Bitcoin purchases accessible to US customers has been a smart move by Square. Another big Bitcoin Quarter for Square Since the introduction, the company has noted growth […]
Bitcoin price recently formed a golden cross which has historically been very bullish. Despite the bullish indicator being triggered, Bitcoin has fallen sharply. The last 24HR BTC has dropped -5% and the last 7 days, Bitcoin price has sold-off nearly -7%. Why could the sell-off be considered normal price action? […]
11 years ago, the world was changed. An elusive person, Satoshi Nakamoto created Bitcoin. The digital currency solved one of the biggest issues faced by past attempts, the problem of double spending and a military grade security. The next big change came with Ethereum, by Vitalik Buterin. Buretin essentially took […]
There are some interesting bitcoin-related rumors out there. Recent tensions in Iran have caused a fair amount of information to be wrongfully interpreted. Social unrest can often trigger a local bitcoin price increase. Bitcoin Isn’t Mooning in Iran Following the incidents affecting Iran and Iraq, one would expect citizens to […]
Any suspicious transaction made to cryptocurrency exchanges is closely monitored these days. The Whale Alert account shared some interesting details in the past few days. It is not uncommon for large sums of crypto to move around. Whale Alert Highlights key Data When that fans ends up in an exchange […]
Many people have different opinions regarding the Bakkt Bitcoin futures. New information has confirmed these contracts don’t exactly work as advertised. Unlike what many assume, these vehicles are not fully backed by physical Bitcoin. The Real Story Behind the Bakkt Bitcoin Futures That is a rather unusual development for a […]
Bitcoin Price Analysis (BTC/USD) BTC/USD pair has been on a downtrend over the last 24hrs. The coin has also given significant moves that suggested intense bearish pressure coming from sellers. The top cryptocurrency is thereby down by 0.37% after having shifted from the opening session of $85.92.24 to the closing […]
Bitcoin Price Analysis (BTC/USD) The price of BTC/USD pair has shown a positive sign starting from 12:00 to 21:00, where it jumped from $9271.17 to an intraday high of $9586.50 that indicated intense buying pressure. However, the momentum changed shortly after due to an increase in selling pressure. That resulted […]
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex After a small pause for a correction, buyers returned to Bitcoin. On Tuesday, October 29th, it is trading around $9424. On H4, the BTC situation attracts attention due to the latest surge in buys. However, there was nothing astonishing about it. Attentive readers […]
After dropping significantly last month, the cryptocurrency market took another plunge downwards. Let’s take a look at some of our favorite cryptocurrencies – Bitcoin, Ethereum, Litecoin – and see if the charts tell us anything. Bitcoin Price Analysis (BTC/USD) Within the last 24hrs, BTC/USD pair has dramatically fallen back to […]
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex Technical Analysis On the weekly timeframe, the Bitcoin remains in the correction phase, which may extend and bring the quotations to the psychologically important level of $7000.00. Upon the end of the correction, a new wave of growth may be expected, confirmed by […]