Prominent crypto skeptic admits he may have underestimated Bitcoin
Bitcoin bounces at $30k support to allay fears of a complete capitulation. Nonetheless, the 30% drop from last Friday’s high was a real wake-up call for investors.More so for the over-leveraged longs who, to their detriment, chose to ignore the warning signs.As much as...
Bitcoin Bull Run: OGs on Why This One’s Different
Think back to 2017. Crypto was everywhere. The celebrities hawking ICOs included DJ Khaled, “Floyd Crypto Mayweather” and longtime blockchain enthusiast Paris Hilton. The most watched comedy on television, “Big Bang Theory,” named an episode “The Bitcoin Entanglement.” Long Island Iced Tea made the...
Crypto Mining Firms Saw Drop in Shares Following Bitcoin Price Correction
While the proliferation of crypto mining firms is gradually taking the center stage, the duo of Riot Blockchain and Marathon Patent Group currently dominates the sphere and are backed up by investors’ money.The price correction recorded by Bitcoin (BTC) at the close of trading...
Bitcoin’s Active Addresses, Trading Volumes Now at All-Time Highs
Trading volumes and active addresses for bitcoin have now surpassed their previous all-time highs during the last crypto bull run in 2017, and the data has given some analysts confidence the bull market for bitcoin is not over yet.
Data from CryptoCompare shows that bitcoin...
BTC/USD Analysis: Bitcoin’s New Hope
This Monday, January 11, will be remembered by the many. Bitcoin dropped nearly 20% as the US Dollar gained amid rising US Bond yields.Bitcoin was not able to take over the rock-solid $42K resistance, and after a short steady period, bears took over and...
Market Wrap: Bitcoin Plunges to $30.3K as Options Traders Bet on Sub-$800 Ether
Bitcoin’s plunge to as low as $30,305 was intensified from leveraged long derivative liquidations; options traders are totally bearish on ether, the native asset of Ethereum.
Bitcoin (BTC) trading around $33,277 as of 21:00 UTC (4 p.m. ET). Slipping 10.9% over the previous 24 hours.
Bitcoin’s...
Institutions Use This Strategy to Hide Their Bitcoin Orders
Institutional investors and speculators trading large quantities of bitcoin are taking on a new method to hide the real sizes of their trades. They are doing so – many times with the quiet help of many major exchanges – to cut the risk of exposing...
Bitcoin frenzy? Coinbase surpassing $9 billion in daily volume shows big demand
The demand for Bitcoin is increasing as the rising volatility shows. Coinbase, the largest cryptocurrency exchange in the U.S., recorded $9 billion in daily volume on Jan. 11.Yesterday, Coinbase, Kraken, and several other exchanges and data providers saw technical difficulties amid record-high trading volume.The...
Bitcoin (BTC) Price Down Below $35K After Reaching $42K ATH
The dip in Bitcoin price today is arguably one of the coin’s worst performances in the past few weeks and emotions amongst investors in the market following this dip are high. The entire cryptocurrency market is experiencing a drop sparked by a massive drop in...
PayPal’s new crypto unit just traded over $240 million in a single day
The division launched last year after PayPal made a big push for building out and expanding its crypto business.PayPal’s growing volumesPaypal’s new crypto exchange traded north of $242 million in a single day on Monday, data from itBit, the firm’s exchange partner, showed.
Retail has...