Old hands are selling their Bitcoin (BTC) holdings, according to glassnode’s Coin Dormancy metric. As shown below, dormant addresses selling BTC marked previous tops in BTC.

Coin Dormancy of Bitcoin. Source: glassnode

On-chain analyst Willy Woo said old hands reliably sold the top until the most recent price cycle. He wrote:

“Dormancy is a . . . → Read More: ‘Old hands selling out’ metric shows Bitcoin price at risk of HODLers dumping

According to new data from Statista, only 7% of Americans have previously used Bitcoin (BTC). This means current investors in BTC are still in an early stage of growth.

Dan Tapiero, the co-founder of 10T Holdings, said Bitcoin is still at the “birth” phase of a new asset class. He wrote:

“It’s still . . . → Read More: ‘Still so early’ — 7% of Americans have bought Bitcoin, study finds

Coming every Sunday, Hodler’s Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers!

Top Stories This Week Calm before the storm? Analyst says $20,000 Bitcoin is possible in three months

Bitcoin volatility has fallen to a 16-month low, indicating that a sharp move is on the horizon.

. . . → Read More: Big Bitcoin prediction, OKEx spooks markets, Ripple exec’s crippling mistake: Hodler’s Digest, Oct. 12–18

This morning, millionaire broker and noted Bitcoin skeptic Peter Schiff awoke to find his bank under renewed scrutiny due to an international criminal investigation. 

According to reporting from Australian newspaper The Age and The New York Times, the J5 — a joint task force of tax authorities from major Western governments convened in . . . → Read More: Fool’s gold? Peter Schiff’s bank under investigation in tax evasion probe

The price of one actual Bitcoin on the open crypto market, known as spot BTC, fluctuates based on a countless number of factors, such as trading volume, usage and adoption. However, other catalysts affect the asset in a roundabout manner. Cash-settled Bitcoin futures trading products from the Chicago Mercantile Exchange stand as one . . . → Read More: Closing the gap: The effect of CME Bitcoin futures on Bitcoin price

Last month, Chinese President Xi Jinping, declared that China has plans to become carbon neutral by 2060, calling for a “green revolution.”

If the plan is properly implemented, it could help China to finally shed its biggest-polluter status and significantly improve the global ecosystem, which could also drastically shake up the country’s eminent . . . → Read More: Bitcoin mining’s future is green, and Russia has the best chance

Bitcoin (BTC) exchange reserves are continuously plummeting as analysts pinpoint the trend to a shortage of sellers. Since the March crash, the reserves on exchanges rapidly fell from 2,950,000 BTC to 2,700,000 BTC.

Within merely seven months, a 250,000 BTC fall in exchange reserves signifies a $2.85 billion decline. Behind the steep trend . . . → Read More: Seller shortage? Bitcoin exchange reserves plunge as BitMEX bleeds BTC

October is a time for surprises. On Oct. 8, right on cue, mobile payments giant Square, which boasts a market cap of $86.6 billion, announced that it had invested $50 million in Bitcoin (BTC). Five days later, asset manager Stone Ridge Holdings, which manages over $10 billion in assets, disclosed that it had . . . → Read More: The next big treasure: Corporations buy up Bitcoin as a treasury reserve

On Sept. 27, Coinbase CEO Brian Armstrong sought to center his employees’ work around the company’s core mission: “to bring economic freedom to people all over the world.” Armstrong argues for a narrow interpretation of Coinbase’s mission to build the best possible product because it is “already hugely ambitious” and because companies generally . . . → Read More: Mission-driven cryptocurrency requires an active commitment to equity

The price of Bitcoin (BTC) has been consolidating within a tight range for several months. If the top cryptocurrency successfully breaks out, Bitazu Capital founding partner Mohit Sorout says a record-high would be imminent.

Since July 2020, Bitcoin has been ranging between $10,200 and $11,800, a 15% range. It has seen subdued volatility . . . → Read More: Calm before the storm? Analyst says $20K Bitcoin possible in 3 months

Bitcoin genesis block is the ‘New Testament’ of finance

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No need to suffer from centralized systems since the world has been offered its greatest weapon against it: cryptocurrency.

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Opinion . . . → Read More: Bitcoin genesis block is the ‘New Testament’ of finance

The Bitcoin Improvement Proposals 340 through 342 were merged into the Bitcoin codebase on Thursday, signaling that the anticipated Taproot upgrade is ready.

Taproot and the associated technology of Schnorr signatures are considered to be the most important upgrade for Bitcoin in the past year. It is primarily a privacy improvement for complex . . . → Read More: Bitcoin’s Taproot is ready to go, but it’s unlikely to be included in the next release

The New York Department of Financial Services, or NYDFS, has released a lengthy report analyzing the impact of July’s high-profile Twitter hack, which resulted in the theft of over $118,000 worth of Bitcoin (BTC). 

Far beyond the immediate material impact, the NYDFS states that the incident exposed deep cybersecurity weaknesses of a publicly-traded social media . . . → Read More: New York polls crypto firms on security measures after Twitter hack

Large Bitcoin (BTC) transactions from Huobi cryptocurrency exchange are moving to OKEx despite the latter having temporarily suspended crypto withdrawals.

According to data from crypto tracking service Whale Alert, a total of 1,995 BTC ($22.5 million) was sent from Huobi to OKEx shortly after OKEx officially announced it was suspending withdrawals on Oct. 16.

The . . . → Read More: $22M in Bitcoin moves from Huobi to OKEx despite withdrawal freeze

The founder of major global cryptocurrency exchange OKEx has been reportedly questioned by authorities previous to OKEx suspending cryptocurrency withdrawals.

OKEx founder Mingxing Xu, also known as Star Xu, has reportedly been questioned by the police, Chinese news agency Caixin reported today. According to the report, the executive was investigated “at least a . . . → Read More: OKEx founder reportedly under investigation as exchange suspends withdrawals

Bitcoin (BTC) hitting $1 million by 2025 is “about right,” Real Vision founder and CEO Raoul Pal has confirmed.

In an interview with Stansberry Research last week, Pal, famous for his bullish stance on Bitcoin, said an “enormous wall of money” would flow into the cryptocurrency over the next few years.

Pal: Bitcoin . . . → Read More: ‘Enormous wall of money’ will send Bitcoin to $1M in 2025 — Raoul Pal

Bitcoin (BTC) has support to climb all the way to $15,000 if historic trends repeat themselves this year, a new report says.

Compiled by crypto index fund provider Stack Funds on Oct. 15, the report highlights Bitcoin’s market cap vs. realized cap ratio (MVRV) fuelling gains, which could smash $12,000 resistance.

Report expects . . . → Read More: Bitcoin price metric suggests $15K surge after US elections — report

A bankless world is inevitable due to the “natural evolution of technology,” according to a top executive at multi-billion dollar investment manager, Morgan Creek Capital.

The firm’s CEO Mark Yusko believes that a “silent revolution” powered by cryptocurrencies like Bitcoin (BTC) will eventually lead the world to a bankless society.

In an Oct. . . . → Read More: Bankless society ‘inevitable’ due to crypto, says Morgan Creek CEO

Ebang, a major Chinese Bitcoin (BTC) mining equipment supplier, is planning to acquire a financial firm in New Zealand to set up a local digital asset financial service platform.

According to an official announcement on Oct. 14, Ebang International Holdings has entered an Expression of Interest tender letter to acquire a 100% share . . . → Read More: Ebang aims to set up digital financial platform in New Zealand

Bitcoin (BTC) is bullish in three key areas and a “perfect” buy-in is now no lower than $11,000, popular trader Tone Vays says.

In the latest edition of his Trading Bitcoin YouTube series on Oct. 14, Vays presented an optimistic take on the Bitcoin price, which he argues has barely any bearish characteristics.

. . . → Read More: ‘I would not short’ — Bitcoin buy the dip zone now $11K, says Tone Vays

After the price of Bitcoin (BTC) achieved $11,720 on Binance, traders began to turn slightly skeptical on the dominant cryptocurrency. Despite the initial breakout above two key resistance levels at $11,300 and $11,500, BTC recorded several rejections. While it might be premature to predict a marketwide correction, the level of uncertainty in the market . . . → Read More: Crypto traders cautious on Bitcoin price as rally to $11.7K goes sour

The latest research by Cointelegraph Consulting suggests that financial stimulus packages bolster the stock market and cryptocurrencies. The first round of checks worth $1,200 were deposited directly into bank accounts on April 11. A week later, the CEO of Coinbase, Brian Armstrong, pointed out that the deposits in the amount of $1,200 on . . . → Read More: Cointelegraph Consulting: New stimulus checks may push Bitcoin price toward $12K

EToro, the major multi-asset brokerage, released a crypto market quarterly report for Q3 2020. The report, titled “What Moves the Prices of Cryptoassets,” delves into the main factors that cause cryptocurrencies to rise in value.

The 15 “significant developments” that directly affect the value of a crypto asset include mergers, funding, halving, partnerships, . . . → Read More: New report finds 15 major factors that cause crypto prices to rally

Bitcoin (BTC) holdings at public companies topped $6.8 billion this year as newcomers catch up with industry heavyweight Grayscale.

According to monitoring resource Coin98 Analytics, a total of 13 public companies have now invested in Bitcoin.

Putting Grayscale’s “sun” in the shade

Asset management giant Grayscale remains the largest BTC player with 449,596 . . . → Read More: Public companies hold almost $7B in Bitcoin in heads-up to Grayscale

On Oct. 12 the price of Ether (ETH) soared 8.15% to reach a new monthly high at $387.75 on Binance. The rally from $366 to as high as $387.50 occurred as Bitcoin (BTC) price surged to $11,600, leading traders to speculate that the crypto bull market has restarted.

Over the past few weeks Ether’s . . . → Read More: Ethereum price back on track to $500 once bulls flip $400 to support

Bitcoin (BTC) is winning the battle of the safe havens as another corporate buy-in sees $115 million enter its books.

Asset management giant Stone Ridge confirmed that it made the significant purchase via its spin-off New York Digital Investment Group or NYDIG, which now has over $1 billion in assets under . . . → Read More: Bitcoin price steady as $10B asset manager scoops up 10,000 BTC

At the start of October, the crypto market was faced with extremely tumultuous financial conditions, thanks in large part to the recent filings against BitMEX, which saw the company’s top brass being indicted by the United States Commodity Futures Trading Commission on several charges. Not only that, but just a few days before the . . . → Read More: Competition for global crypto derivatives market dominance heats up

The concept of a blockchain “dark forest” has been popularized recently by Ethereum and the existence of front-running bots that will copy any profitable transaction pending for submission.

The bots are able to assess if any given transaction that just entered the mempool can be replicated, and they will immediately publish their own . . . → Read More: Bitcoin has a ‘dark forest’ of its own, and it has to do with brainwallets

A Bitcoin (BTC) sell-off and associated price fall are “not going to happen,” a well-known the CEO of a well-known analytics tool has said.

In a tweet on Oct. 12, Ki Young Ju, CEO of CryptoQuant, noted that average inflows to exchanges were staying low despite BTC price gains.

Ki: Exchange inflows “still . . . → Read More: Bitcoin price dump ‘not going to happen’ as whales stay off exchanges

Goldman Sachs, the $71.4 billion investment bank, is reportedly bearish on the U.S. dollar. For Bitcoin (BTC), which has recently rallied above the dreaded $11,100 level, this could serve as a potential catalyst.

Bitcoin is heading into the last two months of the year with significant uncertainty. But if the dollar continues to slump, . . . → Read More: Short the Dollar: How Goldman’s Bearish Stance Uplifts Bitcoin Q4 Sentiment

Bitcoin (BTC) starts the week above $11,000 as fresh gains continue to hold — is $12,000 next or will bears gain control?

Cointelegraph takes five factors that could help decide whether this week is bullish or bearish for BTC price action. 

U.S. election could send dollar back to 2018

Bitcoin remains sensitive to macro . . . → Read More: Dollar dip meets hash rate boom: 5 things to watch in Bitcoin this week

On Oct. 7 Cointelegraph reported that top crypto traders had kept a bearish stance since mid-September and at the time the Bitcoin (BTC) long-to-short ratio had reached its lowest level in 10 weeks. All of this changed in a matter of hours as soon as BTC broke through the $11,000 resistance.

Whenever Bitcoin’s volatility . . . → Read More: Top traders go long after Bitcoin price rallies to key $11.5K resistance

Coming every Sunday, Hodler’s Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers!

Top Stories This Week $12,000 Bitcoin price back on the table after BTC rallies above $11,400

At last. Bitcoin rallied to $11,448 on Friday, finally breaking above the symmetrical triangle where the price had . . . → Read More: Bitcoin rallies, McAfee compares prison to Hilton, digital yuan airdrop: Hodler’s Digest, Oct. 5–11

New data shows Bitcoin’s (BTC) current price action is showing higher levels of ‘HODLing’ activity than previous bull cycles.

According to on-chain analyst Willy Woo, an indicator called “reflexivity” has been increasing in recent months. Woo explained that the indicator measures Bitcoin investors’ tendency to hold onto their BTC as its price rises. It’s . . . → Read More: More investors HODL Bitcoin in anticipation of a 2021 BTC bull market

Members of Spain’s lower house of Congress saw a surprise in their inboxes, the equivalent of 1 euro in crypto.

As reported by Spanish news outfit ABC, the plan is spearheaded by Tutellus, a decentralized platform looking to tokenize education technology, and the Blockchain Observatory. The project aims to promote the . . . → Read More: Spanish lawmakers get cryptocurrency in a bid to promote industry

Programmers have found a way to replace the core service offerings of Wall Street and an army of corporate lawyers with 800 lines of smart contract code.

The “De” in DeFi stands for “decentralized,” meaning there are no intermediaries in the process. Despite the raw and unpolished user interface, billions of dollars in . . . → Read More: Wolf of Wall Street on steroids: DeFi may be a bubble, but it’s making us stronger

Decentralized exchanges have been around for a while now, but it’s only been since the grip of decentralized finance mania has taken hold that they’ve come into their own. The growth in DEX use has been nothing short of exponential, with volumes pretty much doubling in August and September compared with the preceding months.

. . . → Read More: Bitcoin runs crypto markets, but DeFi tokens don’t follow its lead

Within a few years, a younger generation of financial services customers are going to be able to walk into a bank and gain access to credit products, savings accounts and investments that can host both crypto and fiat assets. In fact, the inroads that will allow for all of this to happen are . . . → Read More: Crypto banks are going to swallow fiat banks in 3 years — or even less

On Friday Bitcoin (BTC) price finally managed to break above the symmetrical triangle where the price had been compressing for the last 30 days. After holding the $11,000 level into the daily close, the price rallied to $11,448 on multiple high volume surges. 

Cryptocurrency daily market performance snapshot. Source: Coin360

On . . . → Read More: $12K Bitcoin price back on the table after BTC rallies above $11.4K

The latest Bloomberg crypto newsletter contends that the election of Joe Biden as president of the United States would bring greater mainstream adoption of Bitcoin (BTC), including a potential exchange-traded fund approval. Further, it referred to the policies of President Donald Trump’s administration with regard to crypto as “hands-off”:

“A potential Joe Biden . . . → Read More: Bloomberg: Biden election would be good for Bitcoin, bad for DeFi

Within the last few hours, Bitcoin (BTC) price surpassed $11,000 in a swift turnaround from its swing low at $10,500 in early October. Analysts have attributed three major factors to BTC’s abrupt trend reversal.

The potential catalysts are whale accumulation, a spike in institutional demand and the strength of the $10,500 support.

Whales are . . . → Read More: Bullish trend reversal underway as Bitcoin price holds above $11,000

As the 2020 U.S. presidential election draws near, two crypto traders on Twitter shared their predictions for how Bitcoin’s price could react to the event. 

“If we have a clear winner and an easy transition of power, I do not see much of an impact on the price per coin,” trader BigCheds told . . . → Read More: How will the US presidential election affect the price of Bitcoin?

The Democratic People’s Republic of Korea is widely considered to be a state sponsor of cryptocurrency hacking and theft. While multiple United States presidents have attempted to stifle the growth of North Korean nuclear energy development through a series of economic sanctions, cyber warfare is a new phenomenon that can’t be dealt with . . . → Read More: North Korean crypto hacking: Separating fact from fiction

John McAfee’s recent detention in Spain caps off a few weeks where crypto news feeds have been dusted with reports of regulator enforcement actions and bans, arrests, and an exchange hack.

Crypto news hasn’t looked like this in a while. The terrain of the crypto sector may once have been blighted by exit . . . → Read More: These are the end days for crypto criminals, and good riddance

The price of Bitcoin (BTC) has seen a recovery during the past week, surging by nearly 6.5% since Oct. 2. The resilience of the dominant cryptocurrency has traders pleasantly surprised, as many analysts anticipated a larger pullback. Following BTC’s rebound above the critical $10,500 support level to just over $11,000, the sentiment is turning . . . → Read More: Bitcoin price breaks $11K, crypto traders optimistic about BTC’s action

Gold will gain regardless of whether Donald Trump or Joe Biden wins the election, one analyst says as Bitcoin (BTC) targets $11,000.

In an interview with the media division of precious metals giant Kitco on Oct. 7, Frank Holmes, CEO of U.S. Global Investors, said that he was “betting on gold” for bullishness by . . . → Read More: Trump vs. Biden: $4K gold target as Brandt eyes Bitcoin ‘big buy signal’

The price of Bitcoin (BTC) is nearing $11,000 once again after a shaky start to October. Last week BTC fell below $10,500 but on Oct. 9 the price swifty recovered to $10,940.

In the short term, there are three factors that could enhance bullish sentiment and push the price above $11,000. The possible catalysts . . . → Read More: 3 key indicators suggest Bitcoin price is preparing to retest $11,000

The number of Institutional investors stepping in to Bitcoin continues to increase and this appears to be inspiring some newfound confidence in Bitcoin price. Just today Square announced that it had purchased 4,709 Bitcoin (BTC) for $50 million.

Square is not the only large company to take this action. Recently, MicroStrategy made . . . → Read More: Bitcoin price turns bullish on Square’s $50M BTC purchase: Is $11K next?

In a surprise move, Square announced the acquisition of 4,709 Bitcoin (BTC) worth roughly $50 million at time of publication. The company’s co-founder Jack Dorsey has been a long-term proponent of Bitcoin and crypto, while the company’s CashApp allows its users to invest in Bitcoin.

This news comes months after another publicly traded . . . → Read More: Jack Dorsey’s Square adds 4,709 Bitcoin to its balance sheet

Bitcoins (BTC) stolen from major cryptocurrency exchange Bitfinex back in 2016 are on the move again, as hackers shift another massive batch of funds to unknown wallets.

According to data from crypto transaction tracking service Whale Alert, Bitfinex hackers moved more than $4.6 million in stolen BTC on Oct. 8. These funds were . . . → Read More: Bitfinex hackers move another $30M in stolen Bitcoin from 2016

Major American cryptocurrency exchange Gemini is expanding the company’s business in the Asia-Pacific region with a new high-profile hire.

Andy Meehan, a former executive at major American investment bank Morgan Stanley, has joined Gemini as chief compliance officer of the APAC region.

Announcing the news on Oct. 7, Gemini executives noted that Meehan . . . → Read More: Former Morgan Stanley exec joins Gemini crypto exchange

The recent DeFi bull-cycle has pushed the total value locked (TVL) of popular Bitcoin (BTC) tokenization protocol Wrapped BTC (WBTC) up by 900% to surpass $1 billion.

The milestone comes four weeks after the TVL of all Bitcoin tokenized on Ethereum (ETH) surpassed $1 billion for the first time . The current TVL of . . . → Read More: Wrapped Bitcoin tops $1B after 900% increase in two months

The central bank of Kyrgyzstan has disabled cross-border transactions on the SWIFT financial network amid widespread unrest over the country’s disputed parliamentary elections.

Aida Karabaeva, an official representative of the National Bank of the Kyrgyz Republic, announced a temporary suspension of SWIFT in Kyrgyzstan in a statement on Oct. 7.

According to Karabaeva, . . . → Read More: Kyrgyzstan’s central bank suspends SWIFT to prevent capital outflow

Big tech isn’t just big anymore. It’s grown into a ravenous Cthulhu-esque beast with its tentacles wrapped around almost every data point in our lives.

But in the light of a House Judiciary report determining that “Facebook’s monopoly power is firmly entrenched and unlikely to be eroded by competitive pressure from new entrants . . . → Read More: Facing Down Big Tech: How Blockchain Social Media Will Topple Zuckerberg

For the first time since 2016, the Bollinger Band width of Bitcoin (BTC) dropped below 0.95. The Bollinger Band is a widely utilized technical indicator that evaluates the volatility trend of an asset. It might signify that a huge volatility spike is imminent.

The price of Bitcoin has been relatively stable from 2019 . . . → Read More: A 2016-level massive Bitcoin price volatility spike might be near

The KuCoin cryptocurrency exchange is partly restoring deposits and withdrawals following a major hack.

As KuCoin officially announced on Oct. 7, the platform has completed the wallet security upgrade for major cryptos like Bitcoin (BTC), Ether (ETH), and Tether (USDT).

Following the upgrade, KuCoin has resumed the deposit and withdrawal service of BTC, . . . → Read More: Hacked crypto exchange KuCoin resumes crypto deposits and withdrawals

The co-founder and CEO of one of the best-known Bitcoin (BTC) companies has revealed he is at his most bullish on the largest cryptocurrency in five years.

In a series of tweets on Oct. 6, Bill Barhydt, the CEO of payments gateway Abra, highlighted a large number of indicators suggesting incoming BTC price gains.

. . . → Read More: I’m most bullish on Bitcoin price since 2015, says Abra CEO

According to Cole Garner, a well-respected on-chain analyst, there is a 2,800 BTC sell wall on Binance. With Bitcoin (BTC) price currently trading at $10,700, this is equivalent to a batch of sell orders worth $30 million on just one exchange.

While it does not necessarily indicate that a market-wide pullback is imminent, . . . → Read More: Bitcoin price holds $10.5K but a $30M sell wall looms overhead

Bitcoin still beats gold as an investment in 2020 despite the precious metal generating its biggest returns in a decade.

In a knock to gold bugs, data shows that despite gold’s run this year, Bitcoin (BTC) still trumps every macro asset when it comes to investment profits.

Bitcoin “quietly eating the financial world”

Fresh off its . . . → Read More: $1 Bitcoin investment beats gold and stocks despite 2020 gains

China may be behind a large spike in new Bitcoin (BTC) addresses as authorities launch a “targeted marketing campaign” — in favor of crypto.

In a series of tweets on Oct. 5, analyst and market cyclist Cole Garner highlighted a two-year record increase in new BTC addresses last week.

Using data from on-chain monitoring . . . → Read More: New Bitcoin addresses hit two-year high after China advertises crypto

For BitMEX, 2020 has been quite a rough year and from the look of things it’s only set to get worse. 

The popular derivatives exchange is no longer as relevant and impactful on crypto market price action as it was 2 years ago, but a significant short-term price correlation among top exchanges . . . → Read More: Lagging Bitcoin futures premium shows BitMEX is losing investor trust

Fraudsters are taking advantage of the irreversible nature of crypto transactions, says MyChargeBack’s vice president of global operations, Michael Cohen. When Bitcoin (BTC) was first envisioned, one of its selling points was the fact that it was offering better protection to retailers than credit cards. In one of his earliest emails — from . . . → Read More: Fraudsters are switching from credit cards to Bitcoin, says consumer protection company

Bitcoin (BTC) whale clusters point toward three critical price levels to maintain a bullish market structure in the near term.

Whale clusters form when large investors purchase Bitcoin and do not move it, making it an unspent transaction. These clusters typically indicate where crucial support levels exist and the logic is that . . . → Read More: Bitcoin whale clusters pinpoint critical levels BTC must hold to rally

Bitcoin (BTC) hitting a $1 trillion market cap by 2025 is “conservative” and those levels should hit in less than two years.

That was according to Blockstream CEO Adam Back, who delivered a fresh bullish BTC price outlook on Oct. 5.

Back was responding to a report by Yassine Elmandjra, a crypto-asset analyst at . . . → Read More: Bitcoin pioneer predicts $1T BTC market cap by 2022 or ‘sooner’

There is growing speculation that 150,000 Bitcoin (BTC) from the Mt. Gox trustee could move on Oct. 15. But many factors suggest that is highly unlikely given past records.

Between 2011 and 2013, Mt. Gox lost 850,000 BTC in the biggest hacking attack in Bitcoin history. The trustee reportedly has 150,000 BTC to . . . → Read More: 150,000 Mt. Gox Bitcoin won’t trigger a correction anytime soon

Bitcoin (BTC) rose to highs of $10,730 before settling lower on Oct. 5 as markets fluctuated in line with United States President Donald Trump contracting COVID-19.

Cointelegraph takes a look at the factors set to influence BTC price action this week, as the virus and its consequences dictate the macro mood.

Trump health sends . . . → Read More: Trump, price dots and COVID-19: 5 things to watch in Bitcoin this week

Open interest for Bitcoin options hit their all-time high of $2.14 billion on Sept. 24, a day before a huge quarterly expiry of 89,100 contracts — i.e., 47% of existing options contracts at the time. Options are derivative contracts that give the holder the right (though not an obligation) to purchase or sell an . . . → Read More: Bitcoin options open interest sets new high sparked by rising liquidity

Bitcoin ends the week about 6 percent up, still beneath $11,000 but having set a record of 63 days above $10,000. Some traders are starting to find the digital coin’s stability boring. They’re looking for more excitement in altcoins and DeFi tokens. OMG network recently jumped more than 25 percent. 

Maybe . . . → Read More: Security, regulation, and knowledge gaps: Bad crypto news of the week

This year has been a strong one for digital asset markets, highlighted by growing institutional inflows and a propitious shift in the regulatory environment. Witness the U.S. Securities Exchange Commission’s September letter that says crypto exchanges that comply with SEC Rule 15c3-3 (the Customer Protection Rule) are free to trade digital asset securities. 

. . . → Read More: The need for a dialogue between crypto businesses and regulators

On the morning of Oct. 1, the United States government authorities in New York issued indictments for four of the senior team of BitMEX, the famed “wild card” exchange based in Hong Kong. Despite that, the crypto exchange still continues to operate its services. 

BitMEX is one of the world’s largest crypto exchanges . . . → Read More: Indictments issued for BitMEX senior team are a signal to all

Thanks to regulatory uncertainty from the United States Securities and Exchange Commission and a hodgepodge of state licensing requirements, the development of crypto trading in the U.S. remains stuck in the backwaters of trading reserved for Over-the-Counter Bulletin Board issues.

In order to ensure the continued and healthy growth of digital asset markets, . . . → Read More: Institutionalize crypto markets now: There must be compliance controls

Bitcoin (BTC) price appears on the verge of closing another week pinned below the $11,000 resistance but given the major events of the week, things could have been so much worse. 

Cryptocurrency daily market performance snapshot. Source: Coin360

The top-ranked cryptocurrency by market cap held its ground as KuCoin revealed . . . → Read More: COVID-19, Trump, KuCoin, BitMEX: Bitcoin price says keep calm and carry on

Over 45,000 Bitcoin has been withdrawn from BitMex since the U.S. government levied charges against the exchange and its leadership. October 1 brought two devastating blows to BitMex. First, the CFTC and DOJ brought charges against the exchange. Shortly thereafter, its founders (including CEO Arthur Hayes), were indicted by the U.S. government. The market reacted to the . . . → Read More: BitMex has bled 45k Bitcoin since US gov charges, allowing other exchanges to benefit

BitMEX used to be the indisputable leader of Bitcoin (BTC) futures trading and if something similar to yesterday’s civil enforcement action were to happen back in 2015-2018 the crypto markets would have completely collapsed.

Regardless of partial recovery to $10,600, which was relatively quick, derivatives markets held steady during the $500 drop down . . . → Read More: What BitMEX scandal? Bitcoin futures data shows traders focused on $12K

The United States stock market plunged as the Dow Jones Industrial Average (DJIA) dropped 358 points in pre-market trading. The Bitcoin (BTC) price dropped to as low as $10,374 across major exchanges, but a larger pullback is unlikely.

The one-hour Bitcoin price chart. Source: TradingView.com

Three key reasons could buoy the . . . → Read More: Three key reasons Dow plunge won’t cause a bigger Bitcoin drop below $10K

Bad news — the increase in the Bitcoin (BTC) price over the past decade may have been overstated because of the accompanying fiat inflation. Since Bitcoin is typically denominated in fiat — United States dollars usually — it is not immune to its depreciation.

Bitcoin price versus Bitcoin price adjusted for inflation. Source: Cointelegraph. . . . → Read More: Fiat inflation has cost Bitcoin hodlers 20% over the past decade

Bitcoin (BTC) futures volume and open interest are declining rapidly. Data shows that since the September peak, BTC futures volume has dropped by 60% from over $25 billion to around $10 billion.

Bitcoin futures volume by exchange (September). Source: Digital Assets Data

While the decline in trading activity could . . . → Read More: Why reduced Bitcoin futures volume may signal the start of a new bull trend

Within the last few hours Bitcoin (BTC) price plummeted as the U.S. Commodities and Futures Trading Commission (CFTC) charged BitMEX with facilitating money laundering and operating an illegal cryptocurrency derivatives exchange. An even larger shock occurred as authorities announced the arrest of Samuel Reed, one of the co-founders of BitMEX.

BitMEX has been . . . → Read More: 3 reasons why the CFTC action against BitMEX will not crash Bitcoin price

You can tell from Brian Armstrong’s opening words that he’s a numbers guy.

“There have been a lot of difficult events in the world this year,” understated the Coinbase CEO in announcing that forthwith, the largest cryptocurrency exchange in the United States would do a better job of ignoring them.

According to Armstrong’s . . . → Read More: The avaricious misanthropy of Brian Armstrong

Bitcoin (BTC) may see a price boost this week as the U.S. dollar currency index (DXY) weakens and one analyst tells American voters to buy.

Data showed DXY dropping for a fourth day on Oct. 1, as negotiations over a new coronavirus stimulus deal continued in Washington.

Vays: “Buy Bitcoin” no matter who . . . → Read More: Bitcoin rises against USD after Mnuchin promises second stimulus check

The rising energy demand of proof-of-work cryptocurrencies such as Bitcoin (BTC) has been a hotly debated topic. But the 3rd Global Cryptoasset Benchmarking Study by the University of Cambridge shows that 76% of cryptocurrency miners use electricity from renewable energy sources as part of their energy mix.

The study found that over . . . → Read More: Report: 76% crypto miners use renewables as part of their energy mix

Active addresses and transaction counts on the Bitcoin SV network saw unbelievable growth in the two days leading up to the CoinGeek Live conference in New York this week.

Active BSV addresses grew from 110,000 on Sept. 28 to 947,400 addresses today.

That’s an astonishing growth rate of 761% in just two days . . . → Read More: Organic growth? Bitcoin SV activity up 761% ahead of BSV conference

The price of Bitcoin (BTC) has remained relatively flat for September and the strong decline in altcoin and DeFi token prices seems to be making the situation worse for many investors. 

Despite this lack of bullish momentum, on-chain data reveals that new participants are joining the Bitcoin network at an alarming rate.  

. . . → Read More: Spike in new participants buying Bitcoin is ‘obviously bullish’ — Analyst

Kosala Hemachandra, founder and CEO of crypto asset storage platform, MyEtherWallet, mined Bitcoin as a way to pay his Los Angeles rent between 2014-2015. When it came time to pay his bills, he would convert his coins into cash to facilitate the actual transaction.

In conversation with Cointelegraph, Hemachandra reminisced about purchasing Bitcoin . . . → Read More: MyEtherWallet’s founder used to pay his rent by mining Bitcoin

BitPay recently released a study highlighting four merchants from different businesses that have implemented Bitcoin as a payment method. The parties selected to participate included a gold broker, an online gift card marketplace, a domain registrar that also serves as a hosting service, and an electronics retailer.

In the report, the . . . → Read More: Merchants accepting Bitcoin laud ‘zero chargeback risks’, says BitPay report