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Fri Jan 17 2:08 AM

Market Wrap: Bitcoin Briefly Slides Below $18K as ETH Is More Volatile Than BTC in 2020

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Weak volumes and rotations into other cryptocurrencies are likely impeding bitcoin’s price movement from going higher. Meanwhile, ether has been more volatile than bitcoin in 2020 and could remain that way. Bitcoin (BTC) trading around $18,349 as of 21:00 UTC (4 p.m. ET). Gaining 0.14%...

Glassnode CTO Expects Bitcoin to Rally More Than Ten Times

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Apparently, through several on-chain market indicators analyzed by Glassnode, Bitcoin market price is poised to rally more than ten times in the future, if things develop like 2017 and data holds true.Through a series of tweets, Glassnode CTO Rafael Shultze-Kraft highlighted through historical metrics...

BTC Price Down Below $18,000, Bitcoin Currently Trading at $17,690

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An investment analyst at OKEx exchange Robbie Liu holds the explanation that the current loss of investors’ interest in the asset is linked to the psychological battle between retail investors and whales.Bitcoin, after grabbing headlines with its insane performance of getting near its previous...

Why this leading trader is hesitant to build a Bitcoin short position here

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From a technical perspective, Bitcoin is bearish, according to many traders.On-chain trends, which show that miners and other large players have begun to liquidate their holds, have also begun to show that there is reason to believe Bitcoin may retrace.But multiple analysts have commented...

MassMutual Buys $100 Million Worth of Bitcoin (BTC) with Help of NYDIG

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Insurance giant MassMutual notes that the latest Bitcoin purchase comes as part of the company’s plan to deliver long-term value to policy owners. NYDIG will facilitate the complete Bitcoin custody for MassMutual.Institutional investments continue to flow in Bitcoin (BTC) at an increasing rate. On...

ECB Boosts Emergency Bond-Buying Program by 37% to €1.85T Amid Pandemic Resurgence

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The European Central Bank Thursday said it would boost the size of an emergency asset purchasing program and extend a bank loan program by a year as a resurgence in coronavirus cases takes a toll on the region’s economy. The pandemic emergency purchase program...

First Mover: Bitcoin Stuck as ECB’s Lagarde Primes Extra €500B Stimulus

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Bitcoin (BTC) was lower while staying mostly within this month’s range of roughly $18,200 to $19,700. “Upward price action seems to stall, and our analysts believe more inertia is required to push bitcoin beyond the $20,000 psychology barrier,” Lennard Neo, head of research for the...

Ethereum Far Outpaces Bitcoin in Developer Activity in 2020: Electric Capital Report

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The number of developers in crypto is ticking up again, according to the annual developer report from venture firm Electric Capital. And one network remains a clear winner in terms of attractiveness to coders. “More than 300 new developers per month are joining Ethereum,” Maria...

Who Really Bought First Bitcoin Lamborghini

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Perhaps Khaled’s “Bitcoin Lamborghini” title may not be his last as he may trend a new term if he buys another supercar amidst BTC recent surge.Lamborghini, a performance sports car, is a ‘holy grail’ for some cryptocurrency enthusiasts. Bitcoin‘s 2017 meteoric rise made early...

Officials and Civilians in Russia to Disclose Their Crypto Assets by June 31

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Previously, the Russian government intended to outlaw any miners located in the Russian territory but it still remains an unresolved topic whether or not mining could be illegal.According to the Russian federal law regarding the possession of digital and financial assets (DFA), both government...