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By admin, on December 27th, 2020
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.
Top Stories This Week Bitcoin hits all-time high as major altcoins enjoy triple-digit . . . → Read More: 2020 special! New records, mega weirdness, the predictions that came true: Hodler’s Digest, Dec. 20–26
By admin, on December 26th, 2020
The price of Bitcoin (BTC) has reached a new all-time high of $25,945 on Binance on Dec. 26 just a day after it achieved its previous record high on Christmas day.
BTC/USDT hourly candle chart (Binance). Source: TradingView.com
There are many broad reasons behind Bitcoin’s rally, such as the high institutional demand for BTC. . . . → Read More: As Bitcoin nears $26K, BTC may break $40K in the next impulse wave, says trader
By admin, on December 26th, 2020
Ricardo Salinas Pliego, chairman at conglomerate Grupo Salinas and Mexico’s second richest man, has revealed to Cointelegraph in an interview that he bought his first Bitcoin in 2013, when it was worth around $200. That, according to the billionaire, was his “best investment ever”.
After holding it all the way until its 2017 . . . → Read More: Mexico’s second richest man says Bitcoin is his “best investment ever”
By admin, on December 26th, 2020
The year 2020 was a forgettable one for many reasons including lockdowns and economic restrictions. The shutdowns resulted in the worst economic crisis seen in decades. At the same time, most governments and central banks have responded with unprecedented fiscal stimulus and monetary expansion measures to revive their economies.
Therefore, institutional investors who are . . . → Read More: 2021 price outlook: BTC, ETH, XRP, LTC, BCH, LINK, ADA, BNB, DOT, XLM
By admin, on December 26th, 2020
Yes, yes, I know: You’re an excellent Twatter, and omitting from this list your one zinger that got 50 likes borders malfeasance. Likewise, this reporter is a negligent compiler of listicles for overlooking some spicy day where your favorite trader-nee-influencer colorfully described Brad Garlinghouse’s anatomy.
If it’s any consolation, please know that I . . . → Read More: Top 10 tweets of the year
By admin, on December 26th, 2020
Ether (ETH), the native cryptocurrency of the Ethereum blockchain, has been lagging behind Bitcoin (BTC). Historically, when BTC surges, altcoins tend to rally with larger upside price movements.
This time, Bitcoin has been clearly outperforming the altcoin market, particularly in December. BTC market cap dominance has recently risen to a one-year high of around . . . → Read More: When altseason? Here’s why Bitcoin is leaving major altcoins like Ethereum behind
By admin, on December 25th, 2020
The price of Bitcoin surpassed its all-time high on Christmas, reaching $24,681 on Binance. Following BTC’s strong rally, traders and analysts are exploring short-term bear and bull cases.
The market sentiment around Bitcoin remains overwhelmingly positive, but there are some concerns put forth by analysts in the foreseeable future and as a result, the next . . . → Read More: Bitcoin price surged to $24.6K, but direction of next rally is unclear
By admin, on December 25th, 2020
Crypto Twitter rang in the Christmas cheer with a new all-time high for Bitcoin (BTC), culminating a tremendous year for the digital asset.
The Bitcoin price peaked at $24,661.76 on Bitstamp, surpassing the previous record set last week. The altcoin market also rebounded, with Ethereum (ETH), Litecoin (LTC) and XRP posting impressive rallies.
. . . → Read More: Crypto Twitter is celebrating Christmas with a new Bitcoin milestone
By admin, on December 25th, 2020
At the beginning of this unusual and sometimes difficult year, the cryptocurrency world reminisced about the crypto mining boom and whether it was now over. But soon, the fears were washed away as large companies registered on Nasdaq expressed clear interest in mining Bitcoin (BTC) for additional earnings.
It has been said more . . . → Read More: Top crypto mining hardware to expect in 2021
By admin, on December 25th, 2020
Livecoin, a lesser-known Russian cryptocurrency exchange, has abruptly halted operations in the aftermath of an alleged hacker attack on Christmas day. According to Livecoin’s main page, the exchange has suffered a “carefully planned attack” causing the platform to lose control of all of its servers, backend and nodes.
The exchange urged its customers . . . → Read More: Livecoin exchange goes offline after Bitcoin price reportedly exceeds $320K
By admin, on December 25th, 2020
Bitcoin (BTC) has broken $24,000 once again on Dec. 25 as bullish momentum returned for Christmas, which is looking rosy for bulls.
BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price within $200 of new all-time high
Data from Cointelegraph Markets, Coin360 and TradingView showed BTC/USD repeatedly testing $24,000 resistance on Christmas Day.
Hitting . . . → Read More: Bitcoin price delivers $24.5K Christmas gift with another new all-time high
By admin, on December 24th, 2020
Digital currency exchange Coinbase has awarded its first-ever Bitcoin Core developer grants, and a familiar name is among the recipients.
João Barbosa and 0xB10C, the alias of a pseudonymous developer, were selected winners earlier this week. Although the funding amounts weren’t revealed, Coinbase said both developers will “be funded to work on Bitcoin . . . → Read More: Bitcoin developer who lost Bitmain funding wins Coinbase’s first-ever developer grant
By admin, on December 24th, 2020
The hacker likely responsible for Ledger’s security breach in July recently dumped a large amount of data exposing the personal information of over 270,000 customers, including phone numbers and physical addresses. The leak also included 1 million emails of Ledger wallet owners and customers that were signed up to the company’s newsletter service.
. . . → Read More: Ledger data leak: A ‘simple mistake’ exposed 270K crypto wallet buyers
By admin, on December 24th, 2020
Bitcoin (BTC) saw fresh rejection at $24,000 overnight on Dec. 24, but data shows that appetite for big buy-ins is only increasing.
As recorded by on-chain analytics resource CryptoQuant, institution-focused exchange Coinbase Pro alone saw two large withdrawals of more than 12,000 BTC ($278 million) each this week.
Coinbase outflows top $550 million
As . . . → Read More: $500M in Bitcoin leaves Coinbase as institutions buy more than miners sell
By admin, on December 24th, 2020
From $3,600 lows to all-time highs of just above $24,000, 2020 was the year that Bitcoin (BTC) surprised analysts like never before.
With predicting its next move becoming ever more difficult, there’s likewise never been more demand for an accurate Bitcoin price model.
Cointelegraph takes a look at how the best in the business . . . → Read More: How the most popular Bitcoin price prediction models fared in 2020
By admin, on December 23rd, 2020
The mainstream has taken a growing interest in cryptocurrency as the price of Bitcoin (BTC) continues to reach all-time highs. To put this interest into perspective, researchers at the Cambridge Centre for Alternative Finance recently found that 101 million people across the globe currently hold Bitcoin and other digital assets. The report states . . . → Read More: Gifting crypto to loved ones this holiday? Educate them first
By admin, on December 23rd, 2020
The unique power of blockchain and cryptocurrency can also be considered their weakness. Crypto users gain unparalleled privacy for financial transactions through a decentralized transactional system. Governments, however, demand transparency in financial transactions for legal concerns. This creates a paradox. People are less inclined to use financial instruments if, in doing so, they . . . → Read More: Users vs. governments: The ‘infinity war’ for blockchain privacy may be over
By admin, on December 23rd, 2020
The current crypto bull run has been spearheaded by Bitcoin (BTC). As the United States Securities and Exchange Commission has previously hinted that Bitcoin is not a security, the regulator’s current lawsuit against Ripple is unlikely to stop the institutional inflow of money into Bitcoin.
However, a few altcoins that may be at risk . . . → Read More: Price analysis 12/23: BTC, ETH, XRP, LTC, BCH, LINK, BNB, ADA, DOT, XLM
By admin, on December 23rd, 2020
Bitcoin (BTC) kept the volatility coming on Dec. 23 as a dive to $22,800 sparked a lightning-fast rally to classic $24,000 resistance.
Cryptocurrency market daily performance. Source: Coin360 BTC dominance hits highest since late 2019
Data from Cointelegraph Markets, Coin360 and TradingView tracked BTC/USD as factors including panic among XRP traders made unstable conditions . . . → Read More: Bitcoin dominance hits 1-year peak amid XRP sell-off as $24K briefly returns
By admin, on December 23rd, 2020
Bitcoin (BTC) fell by almost $1,000 in under an hour on Dec. 23 as spot markets refused to buy fresh good news from institutional investors.
Cryptocurrency market overview from Coin360. BTC price spooked near $24,000 sell wall
Data from Cointelegraph Markets, Coin360 and TradingView showed a surprise bearish trading session for Bitcoin on Wednesday, . . . → Read More: Bitcoin price drops to $23K in minutes despite huge new Grayscale buy-in
By admin, on December 23rd, 2020
Binance, the world’s largest cryptocurrency exchange by trading volume, is listing another batch of fan tokens by a major sports-focused token platform, Chiliz.
According to a Dec. 23 announcement, Binance Launchpool — a platform allowing users to stake tokens for up to 30 days to earn rewards — will soon feature three more . . . → Read More: Binance launches trading and staking for three more Chiliz fan tokens
By admin, on December 23rd, 2020
At first glance, an out-of-this-world plan to launch a network of crypto satellites into space, sounds like one of those grandiose ideas that never got much further than a vague outline in an ICO white paper back in 2017.
But when the plan comes from a team including a Google X engineer and the . . . → Read More: Space invaders: Launching crypto into orbit
By admin, on December 23rd, 2020
As Bitcoin (BTC) price tested the $17,580 low on Dec. 11, investors remained relatively calm despite some analysts issuing bearish estimates. Last week’s trading may have finished at the same level where it started, but the fundamentals for Bitcoin have become even stronger.
BTC/USD 4-hour chart. Source: TradingView
Each time Bitcoin makes a new . . . → Read More: These 4 key Bitcoin price metrics clearly reflect traders’ bullish optimism
By admin, on December 23rd, 2020
Bitcoin (BTC) has won over a number of mainstream financial gurus in 2020 against the backdrop of a difficult year for the United States economy. Some markets experts, such as Dennis Gartman, however, still remain skeptical of the digital asset.
Gold and Bitcoin are not really equivalent, according to Gartman’s Tuesday interview with . . . → Read More: Bitcoin’s limited supply doesn’t really matter to one markets commentator
By admin, on December 23rd, 2020
As anyone following the crypto industry will have noticed, yes, Bitcoin (BTC) did recently smash its previous all-time high of around $20,000. Now, many analysts anticipate the cryptocurrency to eventually rise to the mid-$30,000s or even higher within the next few years.
As things stand, BTC is trading at around $23,300, briefly testing . . . → Read More: New Bitcoin price highs revive old misconceptions about BTC and crypto
By admin, on December 22nd, 2020
Following record price highs of more than $24,000 per coin, Bitcoin (BTC) has consolidated, retracing slightly in price. The asset might have stalled for now, but the future remains bullish according to TradingView general manager, Pierce Crosby.
“Right now, I see very near-term headwinds for Bitcoin,” Crosby said, adding:
“The performance recently may seem . . . → Read More: TradingView GM explains rationale for continued Bitcoin bullishness
By admin, on December 22nd, 2020
In a Monday tweet, crypto data provider Skew reported that 102,200 Bitcoin (BTC) options will expire on Friday.
Options contracts allow holders to buy or sell Bitcoin at a specific price, which is known as the strike price. The Friday expiry has notable clusters around the $15,000 strike price and the $20,000 strike price, . . . → Read More: Bitcoin headed for Christmas volatility as 100K BTC options expire
By admin, on December 22nd, 2020
MicroStrategy CEO Michael Saylor recently tweeted that he purchased another 29,646 Bitcoin (BTC) at an average price of $29,646. With this purchase, the company has deployed the $650 million raised through a recent convertible debt offering. The business intelligence firm now holds 70,470 Bitcoin and that makes it the fifth-largest individual holder of Bitcoin.
. . . → Read More: Price analysis 12/21: BTC, ETH, XRP, LTC, BCH, LINK, ADA, DOT, BNB, XLM
By admin, on December 21st, 2020
Bitcoin (BTC) price has been on a tear in recent months, leading to a new all-time high at $24,200. However, BTC saw a correction on Dec. 21 as the equity markets also opened in the red. Bitcoin’s price dropped by 6% on Monday, while the U.S. dollar currency index (DXY) saw a strong bounce.
. . . → Read More: Bitcoin rebounds despite ‘COVID-20’ fears — But is the correction now over?
By admin, on December 21st, 2020
Business intelligence company MicroStrategy has added to its Bitcoin (BTC) stash, with a purchase of 29,646 BTC for a total of $650 million, an average of around $21,925 per Bitcoin
CEO Michael Saylor tweeted the news immediately following a pullback in price to $22,247, although it is unclear whether the acquisition coincided with . . . → Read More: MicroStrategy buys the dip — Now has more BTC than US govt
By admin, on December 21st, 2020
Italian authorities have found Bitgrail’s founder responsible for fraudulent activity related to the 2018 hack of the platform that resulte in the loss of $150 million.
Francesco Firano, the sole director of now-defunct cryptocurrency exchange Bitgrail, is accused of taking over customer funds prior to reporting the theft of crypto from the exchange.
. . . → Read More: Bitgrail’s founder contributed to $150M loss, Italian authorities allege
By admin, on December 21st, 2020
Seasoned Bitcoin (BTC) investors know that the crypto market trades in cycles, and now that BTC price has surpassed its previous all-time high, a full-on bull cycle is underway.
Crypto market data daily view. Source: Coin360
As this new cycle gathers steam, the mainstream media are all abuzz with articles about Bitcoin and everyone . . . → Read More: Bitcoin’s expensive but this technique proves it’s never too late to buy BTC
By admin, on December 21st, 2020
For a country of 25 million people, Australia punches well above its weight both economically and in the world of blockchain. Australians have long been enthusiastic adopters of new technology, from cell phones to smart homes, and it’s little surprise they’ve embraced crypto too.
Chainalysis ranked Australia 20th out of 154 countries surveyed . . . → Read More: Australia’s crypto ecosystem 2020: The spark for a DeFi explosion
By admin, on December 20th, 2020
When the price of an asset hits a new all-time high, momentum traders plow in as they sense an opportunity to ride the trade higher. The same was seen after Bitcoin (BTC) price broke above the $20,000 mark on Dec. 16. By Dec. 19, the price had hit an intraday high at $24,197.46, a . . . → Read More: Top 5 cryptocurrencies to watch this week: BTC, ETH, LTC, ADA, BNB
By admin, on December 20th, 2020
For much of 2020, it wasn’t exactly a hard year to be a cheerleader for cryptocurrency.
Emerging from a brutal macro bear market, the space once again proved doubters wrong and attracted a new batch of converts as money-printing efforts across the globe turned savers and traders onto the power of hard currency. . . . → Read More: Crypto’s loudest cheerleaders in 2020
By admin, on December 20th, 2020
In future years, it’s possible that 2020 will be seen as a watershed moment for cryptocurrencies. When Black Thursday hit in March, it wiped billions off the markets in a matter of hours. Anyone would have been forgiven for thinking recovery would take years.
But by December, Bitcoin (BTC) has gone on to . . . → Read More: Who did the most for real-world crypto and blockchain adoption in 2020?
By admin, on December 20th, 2020
The price of Bitcoin (BTC) surpassed $24,000 on Dec. 19, reaching a new all-time high. On Coinbase, BTC peaked at $24,200 and has since consolidated into the $23,500 to $23,800 range.
Three factors pushed the price of BTC upwards within a short period, leading it to a record-high. The factors are a large short . . . → Read More: 3 reasons why traders expect continuation after Bitcoin price spike to $24K
By admin, on December 20th, 2020
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.
Top Stories This Week Another day, another all-time high — Bitcoin hits $24,000 . . . → Read More: Bitcoin breaks records, what happens next, Coinbase IPO: Hodler’s Digest, Dec. 13–19
By admin, on December 19th, 2020
Bitcoin (BTC) set a new all-time high on Dec. 19 as markets continued to deliver surprises in weekend trading.
BTC price just hit another all-time high
Data from Cointelegraph Markets and Tradingview showed BTC/USD just eclipsing its record level set this week, reaching $24,210 on Coinbase before reversing.
Volatility was high as the previous . . . → Read More: Another day, another all-time high — Bitcoin hits $24K in weekend surge
By admin, on December 19th, 2020
Bitcoin (BTC) price has seen a massive rally in previous months, accelerating from $10,000 to a recent all-time high of around $23,700. This is a rally of 135% in just a matter of a few months.
It’s speculative to discuss where the price of Bitcoin could run from here. However, certain levels must be . . . → Read More: Bitcoin price can hit $25K before 2021 if this key support level holds
By admin, on December 19th, 2020
Institutional investors are paying close attention to digital assets as Bitcoin (BTC) continues to soar past record-breaking levels, almost reaching the valuation of $24,000 for the first time in its history.
Recent findings from a Bank of America–Merrill Lynch survey conducted between Dec. 4 and 10 show that about 15% of fund managers . . . → Read More: Traditional crypto custodians ramp up security to accommodate institutional demand
By admin, on December 19th, 2020
Christopher Wood, the global head of equity strategy at Jefferies, has dumped five percent of their physical gold position in order to buy Bitcoin (BTC). This move shows that a growing number of institutional investors consider Bitcoin to be at par or a better store of value than gold.
Wood also said that if . . . → Read More: Price analysis 12/18: BTC, ETH, XRP, LTC, BCH, LINK, ADA, DOT, BNB, XLM
By admin, on December 19th, 2020
As of Thursday, Deribit users can bet on the flagship cryptocurrency reaching $100,000 via options contracts that expire on Sept. 24, 2021. The lofty strike price was established following a surge in daily trade volumes.
In options trading, a strike price is the value that a derivative contract can be bought or sold . . . → Read More: Think Bitcoin will hit $100K? These traders will take that bet
By admin, on December 19th, 2020
The open interest on Bitcoin (BTC) options contracts has reached a new all-time high at $6.5 billion on Dec. 17. That figure represents a three-fold increase from 90 days ago and is proof that the market has grown significantly in the past 6-months.
Bitcoin options total open interest. Source: cryptorank.io
Investors must keep in . . . → Read More: Record $6.5B Bitcoin options open interest follows BTC all-time high
By admin, on December 18th, 2020
Bitcoin price surpassed $20,000 with ease on its third retest, buoyed by a surge in buy volume. Following the breakout, analysts anticipate the dominant cryptocurrency to eventually rise to the mid-$30,000s. However, in the short term, the expectations of a pullback are growing.
There are compelling arguments for both short-term bull and bear cases. . . . → Read More: Predicting the next Bitcoin price top: Here’s what may come after $23K
By admin, on December 18th, 2020
Every industry, group, clique and conclave has its own share of weirdos — cryptocurrency and blockchain are no exception.
Considering that cryptocurrency is the so-called “native” currency of the internet — the repository of the sum of human knowledge and the eccentricities there contained — the crypto sector is home to perhaps even . . . → Read More: Five times crypto got weird in 2020
By admin, on December 18th, 2020
In the space of 12 months, DeFi has become a $15 billion industry — spawning governance tokens that are now worth even more than Bitcoin.
But the rapid explosion of protocols has brought considerable growing pains… and concerns that the sector is not on a sustainable footing. When interest rates . . . → Read More: The threats to DeFi’s sustainability — and how to fix them
By admin, on December 18th, 2020
Litecoin (LTC) and Dogecoin (DOGE) are rallying strongly as Bitcoin (BTC) fights to stay above $23,800. Many analysts say the surge in large-cap altcoins is directly connected to Bitcoin’s price action and historical data shows the two tend to move in tandem when BTC goes through bull and bear cycles.
As altcoins begin to . . . → Read More: Litecoin, Dogecoin and large-cap altcoins rally as Bitcoin price hits $23.8K
By admin, on December 18th, 2020
Bitcoin’s (BTC) price rise has brought all sorts of comments out of the woodwork. Although many carry a bullish tint, some folks still doubt crypto as a new store of value class. David Rosenberg, the chief economist and strategist, as well as president, of the firm Rosenberg Research & Associates, recently described gold’s . . . → Read More: Don’t think Bitcoin’s supply is finite? You probably don’t understand the tech
By admin, on December 18th, 2020
One morning in July of 2019, Kain Warwick awoke at 6:30 to a grim phone call from his co-founder and CTO, Justin Moses.
“We have a problem,” said Moses.
Synthetix, the synthetic asset protocol that Warwick, Moses, and their team had been building for over two years, had fallen victim to a crippling . . . → Read More: Dictators turn delegates: Former CEOs grapple with DAO governance
By admin, on December 18th, 2020
Bitcoin’s (BTC) parabolic rally is only just getting started, according to Nigel Green, founder and CEO of the Dubai-based financial advisory firm deVere Group.
In an article that was published to Newsmax on Thursday, Green boldly proclaimed that Bitcoin will have another “record-breaking year” in 2021, with prices set to explode by at . . . → Read More: DeVere CEO says Bitcoin will rise 50% and ‘possibly double’ in 2021
By admin, on December 17th, 2020
The crypto space has come a long way since its inception in 2008. Many areas have improved over the last 12 years, such as custody and exchange solutions. If you ask the early adopters of crypto, they can tell you stories about how hard it was to set up a wallet or how . . . → Read More: Crypto banks are the sector’s game-changers
By admin, on December 17th, 2020
Bitcoin (BTC) has attracted a lot of proponents this year, with many folks expressing positive market sentiment following the asset’s recent rise to $20,000 and beyond. Not everyone is overly bullish though.
Peter Brandt, a long-time traditional market trader and chartist, said Bitcoin is bullish, but surpassing $20,000 is nothing groundbreaking as far . . . → Read More: Bitcoin over $20k: Bulls and more bulls
By admin, on December 17th, 2020
Today Bitcoin (BTC) price blasted through the $20,000 level and in the process, a record $7.9 billion in futures open interest was set.
Although the price increased by 74% over the past two months, the total accumulated short-seller liquidations amounted to $4.3 billion, which is lower than the $4.8 billion from longs.
BTC . . . → Read More: Record $7.9B Bitcoin futures open interest shows bears are watching BTC price
By admin, on December 17th, 2020
Both Binance and Coinbase suffered technological issues on Wednesday — the same day Bitcoin (BTC) crossed the $20,000 price threshold for the first time. Binance related its issues to the number of people surfing the exchange.
Changpeng Zhao, or CZ, Binance’s CEO, tweeted on Wednesday at 2:13 pm UTC:
“#Bitcoin just popped. . . . → Read More: Binance and Coinbase suffer outages as Bitcoin’s price soars
By admin, on December 17th, 2020
2020 has been a big year for mainstream Bitcoin (BTC) adoption. One of the most recent entrants to the space is One River Digital Asset Management, a hedge fund headed up by CEO Eric Peters.
The firm expects to own approximately $1 billion in Ethereum (ETH) and BTC by the first half of next . . . → Read More: Bitcoin is a ‘convex bet’ says CEO of institution with $600M BTC exposure
By admin, on December 16th, 2020
Crypto traders and investors received an early Christmas gift today as Bitcoin (BTC) price cleared the $20,000 psychological milestone for the first time in history. Today’s breakout is equally significant as it serves to heal the scars of the traders who may have bought right at the top in 2017 and held their positions . . . → Read More: Price analysis 12/16: BTC, ETH, XRP, LTC, BCH, LINK, ADA, DOT, BNB, XLM
By admin, on December 16th, 2020
For the second day in a row, Bitcoin bulls have attacked the $19,500 level in an attempt to flip the crucial level from resistance to support.
Each attempt to overcome the resistance is has been rejected near $19,550 but Bitcoin’s swift recovery from the Dec. 14 drop to $19,050 shows that investors remain interested . . . → Read More: Bulls buy the dip again after Bitcoin price rejects at a key resistance level
By admin, on December 16th, 2020
A United Kingdom-based investment manager has added Bitcoin (BTC) to its portfolio, underscoring the ongoing institutional shift toward digital assets.
Ruffer Investment Company Limited, an investment manager with shares listed on the London Stock Exchange, has disclosed its new Bitcoin strategy.
In a performance update and manager comment posted on Tuesday, Ruffer . . . → Read More: UK investment manager shifts allocation to Bitcoin from gold in ‘defensive move’
By admin, on December 15th, 2020
tBTC acts as Bitcoin (BTC) covered in an Ethereum wrapper, making it compatible on Ethereum’s blockchain for various purposes, such as decentralized finance, or DeFi. Users of tBTC can now mint the asset on crypto exchange CoinList.
“Larger investors and retail that maybe aren’t quite confident using a fairly new DApp can actually go . . . → Read More: Exchange adds tBTC minting capabilities, lowering barrier to entry
By admin, on December 15th, 2020
Sovryn, a decentralized finance platform operating on the RSK Bitcoin sidechain, announced on Tuesday its public launch. Users can now access a full suite for trading Bitcoin (BTC) in a trustless, noncustodial environment, benefiting from powerful leverage and yield opportunities.
The platform presents a mix of major DeFi building blocks, including a collateralized lending protocol . . . → Read More: Sovryn launches complete suite for Bitcoin DeFi on RSK
By admin, on December 15th, 2020
The Bitcoin price (BTC) reached the $19,400 mark in the past 24 hours, which has served as a critical resistance level since the start of December. However, on-chain indicators show that the dominant cryptocurrency could stagnate or consolidate until early 2021. Although BTC is nearing its all-time high at around $20,000, there are compelling . . . → Read More: Bitcoin price tipped to consolidate before continuing bull run in 2021
By admin, on December 15th, 2020
Strategists at JPMorgan said in a note that MassMutual’s $100 million Bitcoin (BTC) purchase shows that insurance firms and pension funds are now adopting Bitcoin. According to the analysts, typically this class of institutional investors is conservative in their style of investing so the recent allocation is quite significant.
However, the strategists said that even . . . → Read More: Price analysis 12/14: BTC, ETH, XRP, LTC, BCH, LINK, ADA, DOT, BNB, XLM
By admin, on December 15th, 2020
As Bitcoin (BTC) tested a $17,580 low on Dec. 11, investors remained relatively calm despite some analysts issuing bearish estimates. The week may have finished at the same level where it started, but the fundamentals for Bitcoin have become even healthier.
BTC/USD 4-hour chart. Source: TradingView
Whenever the Bitcoin price drops considerably, there is . . . → Read More: 4 key Bitcoin price metrics explain why investors are buying each BTC dip
By admin, on December 14th, 2020
An unprecedented year, 2020 has sent the global economy into a tailspin in an effort to compensate for COVID-19-related difficulties. If the traditional system collapses, Bitcoin will become vital, according to United States Senator-elect Cynthia Lummis.
“If we reach the point where we have overspent so much that things start crashing down, the . . . → Read More: Senator-elect wants to spread Bitcoin awareness in the US government
By admin, on December 14th, 2020
MassMutual’s $100 million Bitcoin (BTC) purchase shows that the demand for cryptocurrency will be growing further, according to strategists at major investment bank JPMorgan.
In an investor note on Dec. 11, JPMorgan strategists including Nikolaos Panigirtzoglou reportedly suggested that Bitcoin adoption is now expanding from family offices and wealthy investors to bigger investors . . . → Read More: MassMutual Bitcoin purchase proves crypto demand is rising, JPMorgan says
By admin, on December 14th, 2020
Bitcoin (BTC) begins a new trading week within 5% of the mythical $20,000 price level — but can it get there this time?
As the largest cryptocurrency lines up for another shot at overcoming seminal resistance, Cointelegraph looks at the market factors influencing price performance on Monday.
Vaccine, stimulus decision fuels risk appetite
On . . . → Read More: Big gaps and bigger buys: 5 things to watch in Bitcoin this week
By admin, on December 14th, 2020
December is proving to be another blockbuster month for Bitcoin as the flow of institutional investors injecting funds into Bitcoin continues to increase.
Business intelligence firm MicroStrategy announced that it had raised $650 million worth of convertible bonds at a rate of 0.75% due in 2025. The company now plans to invest the . . . → Read More: Top 5 cryptocurrencies to watch this week: BTC, ETH, XMR, XEM, AAVE
By admin, on December 13th, 2020
Humans, being only human, tend to hang on to their cherished beliefs — even in the face of overwhelming contradiction. That’s why recantations — that is, public acts of refuting a previously held opinion — are so rare. This year, however, has presented several notable changes of heart where Bitcoin (BTC) and other . . . → Read More: Publicly recanted! Luminaries who came to terms with crypto in 2020
By admin, on December 13th, 2020
Bitcoin (BTC) remains in the spotlight after MassMutual became the latest company to allocate $100 million of its portfolio into Bitcoin. This is adding to the impressive buy pressure at the moment, renewing hopes of Bitcoin breaking $20,000 in December.
While a correction occurred in the past week, Bitcoin’s price bounced above the crucial . . . → Read More: Bitcoin price suddenly regains bullish momentum with $20K in sight
By admin, on December 13th, 2020
The price of Bitcoin (BTC) has started to rally once again on Dec. 13, rising above $19,200 after dropping to sub-$17,600 on Friday. The significant increase in buyer demand in that area indicates that BTC may have just seen a short-term bottom.
When Bitcoin initially dropped to around $17,700, on-chain analysts, including Edward Morra . . . → Read More: Did Bitcoin just bottom? BTC reclaims $19K as new rally gains steam
By admin, on December 13th, 2020
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.
Top Stories This Week Bitcoin’s price correction continues, dashing hopes of $20,000 in . . . → Read More: BTC drops, XRP is ‘toxic waste,’ Facebook’s Diem in trouble: Hodler’s Digest, Dec. 6–12
By admin, on December 12th, 2020
Bitcoin mining started out as a small endeavor taken on by a few individuals repurposing home computers to mint virtual coins that were, at the time, almost worthless. Fast forward to 2020, and Bitcoin (BTC) mining has become a formidable industry of its own, constantly growing and evolving alongside Bitcoin itself.
Today, the . . . → Read More: From mom’s house to warehouse: Bitcoin mining is going industrial
By admin, on December 12th, 2020
The price of Bitcoin (BTC) has rebounded strongly from sub-$17,600 to $18,400 in the past 24 hours. Now, two major technical indicators are signaling the likelihood for a larger relief rally.
The 4-hour price chart of Bitcoin is showing a bullish divergence just as it prints a TD9 buy signal. Both indicators typically light . . . → Read More: Bullish divergence, TD9 ‘buy signal’ align for a new Bitcoin relief rally
By admin, on December 12th, 2020
The price of Bitcoin (BTC) has started to recover on Dec. 12 after briefly dropping below $17,700 yesterday. Whale clusters show that the $18,600 level remains the biggest short-term roadblock for BTC.
Whale clusters form at a price point where whales accumulate Bitcoin and do not move their holdings. Since whales are more likely . . . → Read More: Bitcoin whale clusters pinpoint $18.6K as key short-term resistance
By admin, on December 12th, 2020
Throughout the past decade, a lot has been said about Bitcoin (BTC) and the future of cryptocurrencies. However, 2020 has so far been a defining year for the industry as current events bring to life what was predicted in the past.
The world of cryptocurrency has historically been exclusive to Twitter battles and . . . → Read More: Top crypto adoption predictions that came true in 2020
By admin, on December 12th, 2020
Throughout 2020, more than a handful of traditional financial giants have picked up stacks of Bitcoin (BTC), including the likes of billionaire Paul Tudor Jones and business intelligence firm MicroStrategy. These investments are part of a flow of big money entrances into BTC, Gemini crypto exchange co-founders Tyler and Cameron Winklevoss recently said.
. . . → Read More: Tyler Winklevoss: ‘Smartest people in the room buying the Bitcoin quietly’
By admin, on December 12th, 2020
In an exclusive interview with Cointelegraph, Pomp reaffirmed the Bitcoin price prediction he made back in 2019. “It’s going to be pretty aggressive. I am pretty confident in Bitcoin to $100K by the end of 2021.”
Together with favorable macroeconomic conditions, Pompliano sees the after-halving effect as one of the main catalysts that . . . → Read More: Anthony Pompliano breaks down his Bitcoin outlook for 2021
By admin, on December 11th, 2020
Bitcoin (BTC) price has been gradually giving up ground for the past few days and that has a few investors afraid that a sharp correction or a bear market similar to the one in 2018 could occur again. However, there are major differences between the previous bull market and the current one.
The most . . . → Read More: Price analysis 12/11: BTC, ETH, XRP, LTC, BCH, LINK, ADA, DOT, BNB, XLM
By admin, on December 11th, 2020
Throughout the past few days, the sell-side pressure from all sides has intensified. Bitcoin miners have sold their holdings at a scale unseen for over three years. On top of this, the inflow of whale-associated BTC into exchanges has substantially spiked. The combination of the two data points indicates that miners and whales have . . . → Read More: Where next for Bitcoin price? BTC continues to stagnate below $18K
By admin, on December 11th, 2020
The latest findings from Santiment, published in Cointelegraph Consulting’s biweekly newsletter, indicate that the combined balance of wallets holding small amounts of Bitcoin (BTC) continues to decline. This shows a downward trend in retail holders, which is in sharp contrast to the aggressive accumulation strategies of large holders.
Social media metrics reinforce what is . . . → Read More: Cointelegraph Consulting: Institutions are bullish on Bitcoin, but is retail?
By admin, on December 11th, 2020
Bitcoin (BTC) continues to be in correction mode with BTC price dropping below $17,600 on Dec. 11, the lowest level since November.
Bitcoin in a downtrend on lower timeframes
Every beautiful rally comes to an end and gets followed by a corrective period. This correction seems to have started with the price currently down more . . . → Read More: Bitcoin price correction continues, dashing hopes of $20K in 2020
By admin, on December 11th, 2020
As we find ourselves already knee-deep into December, it has become increasingly difficult to ignore that certain festive je ne sais quoi that always seems to permeate the air during this time of year — yes, even in this globally most horribilis of annuses, (whisper it) 2020.
The shops — well, those of . . . → Read More: Crypto gift ideas for the Christmas fan in your life
By admin, on December 10th, 2020
On Dec. 11, a total of $540 million in Bitcoin (BTC) options open interest is set to expire. This number mimics the past month’s $525 million options expiry, as monthly and quarterly options typically concentrate the most volume.
Although both dates present somewhat unusual activity, this time around, bears seem in control. Data also . . . → Read More: Bulls abandon ship as a $93M Bitcoin options imbalance favors BTC bears
By admin, on December 10th, 2020
Investing app Acorns aims to help people grow their savings and wealth, but how does inherent market risk factor into the equation? CEO Noah Kerner gave his thoughts on that question at a recent BlockShow panel.
“We send this message to our customers: that every downturn in history has ended in an upturn,” . . . → Read More: “Every downturn in history has ended in an upturn,” says Acorns CEO
By admin, on December 10th, 2020
A new book on Bitcoin (BTC) has catapulted into the top three on Amazon’s macroeconomics bestseller list, offering more evidence that digital assets are piquing people’s interest. Released on Dec. 2, Bitcoin: Hard Money You Can’t F*ck With: Why bitcoin will be the next global reserve currency is currently the third-most-bought title in the . . . → Read More: Bitcoin book breaks into the top 3 on Amazon’s macroeconomics list
By admin, on December 10th, 2020
French financial authorities are strengthening the country’s cryptocurrency regulations in a move to prevent illicit activities like money laundering and terrorism financing.
On Dec. 9, several ministries in France jointly introduced an order aiming to prevent anonymous digital asset transactions by banning anonymous crypto accounts.
The new regulatory effort is backed by French . . . → Read More: France moves to ban anonymous crypto accounts to prevent money laundering
By admin, on December 10th, 2020
in a recent Reddit “Ask Me Anything” session, billionaire Ray Dalio warned investors that the current astronomical pace of money printing is unlikely to stop in the near future and holding wealth in cash could lead to losses. Dalio said that Bitcoin (BTC) “could serve as a diversifier to gold and other such storehold of . . . → Read More: Price analysis 12/9: BTC, ETH, XRP, LTC, BCH, LINK, DOT, ADA, BNB, XLM
By admin, on December 9th, 2020
With the crypto sector currently riding a wave of bullish sentiment, as demonstrated by Bitcoin (BTC) passing its all-time high value of $19,892 at the start of the month, causal as well as institutional investors all over the world are now becoming more interested in the growing sector. For example, on Dec. 3, . . . → Read More: Game recognize game: Institutions make it easier to invest in Bitcoin
By admin, on December 9th, 2020
Fidelity Digital Assets, the crypto arm of the asset management conglomerate, will allow institutional customers to pledge their Bitcoin (BTC) as collateral for cash loans.
As reported Wednesday by Bloomberg, the firm partnered with crypto lender BlockFi to disburse the loans. Institutional clients of Fidelity’s custodial solution will be able to draw cash . . . → Read More: Fidelity unlocks Bitcoin as collateral for borrowing on BlockFi
By admin, on December 9th, 2020
The price of several big-name alternative cryptocurrencies fell especially hard following a Bitcoin pullback to $17,650 on Dec. 9.
Namely, XRP and top decentralized finance (DeFi) tokens YFI and AAVE dropped by as much as 10% to 20% in the past 18 hours, with Bitcoin (BTC) losing up to 7%.
Cryptocurrency market daily losses. Source: Coin360 . . . → Read More: Why XRP, DeFi tokens crashed the most vs. BTC as Bitcoin price corrects
By admin, on December 9th, 2020
The liquidator of now-defunct cryptocurrency exchange Cryptopia has launched the claims process to reimburse creditors following a 2019 hack.
Professional services firm Grant Thornton, Cryptopia’s assigned liquidator, officially announced on Dec. 9 that creditors can now start the claims process on the Cryptopia claims portal.
The claims process requires creditors to register on . . . → Read More: Claims process begins for creditors of liquidated crypto exchange Cryptopia
By admin, on December 9th, 2020
Although a number of big players have picked up bags of Bitcoin (BTC) in 2020, multiple aspects still avert institutions from investing on a wide scale, according to Robert Li, an analyst for Draper Dragon, a Draper Venture Network fund.
“I think there are a few issues that are still holding back the . . . → Read More: Bitcoin’s reputation still a deterrent for institutions, Draper fund analyst says
By admin, on December 9th, 2020
Ryan Selkis, co-founder of data and research company Messari, recently released his 2021 crypto sector thesis, examining the state of the industry as well as forecasting what lies ahead. Selkis explains in this report that the U.S. government is one remaining adversary he feels BTC must win over.
“The ‘final boss’ to beat . . . → Read More: US gov is Bitcoin’s last remaining adversary, says Messari founder
By admin, on December 8th, 2020
The price of Bitcoin (BTC) is now stagnating below $19,000 after four failed attempts to break out of the $19,600 resistance level. In the near term, four factors suggest that a pullback is more likely than a clean breach of the all-time-high price near $20,000. Traders and technical analysts are mostly cautious regarding the . . . → Read More: Bitcoin price short-term pullback is very possible for 4 key reasons
By admin, on December 8th, 2020
Bitcoin sidechain RSK launched a new bridge protocol called Powpeg, which will facilitate a trustless connection between Bitcoin (BTC) and RSK’s wrapped version of it, called Smart Bitcoin (RBTC).
The system marks the first time that a Bitcoin sidechain has featured a trustless peg where the funds allocated to the chain are not . . . → Read More: RSK launches Powpeg, a trustless Bitcoin bridge architecture
By admin, on December 8th, 2020
While Bitcoin (BTC) has seen a parabolic rally since September, the momentum has stagnated, with BTC/USD unable to break through the all-time high region.
This BTC price level below $20,000 has been accompanied by diminishing volatility and volume, making it increasingly difficult to predict the direction of the next move. Let’s take a look . . . → Read More: Big move brewing for Bitcoin as trading volume drops in December
By admin, on December 8th, 2020
2021 is shaping up to be a tremendous year not only for gold but for cryptocurrencies as well, according to Frank Holmes, CEO of U.S. Global Advisors.
In a Monday interview with Kitco News, Holmes said he expects digital assets such as Bitcoin (BTC) and Ethereum (ETH) to perform exceptionally well alongside gold. . . . → Read More: Gold bug says 2021 will be a big year for Bitcoin and Ethereum
By admin, on December 8th, 2020
Apart from a brief $18,100 test on Dec. 1, Bitcoin (BTC) markets remained relatively calm over the week. This suggests that investors are beginning to realize that a more extended period of consolidation could be possible after a 77% hike since October.
BTC/USD 4-hour chart. Source: TradingView
Whenever the Bitcoin price stabilizes, there is . . . → Read More: Key Bitcoin futures metrics show traders are bullish despite flat BTC price
By admin, on December 8th, 2020
A number of TV shows have mentioned Bitcoin (BTC) or other cryptocurrencies over the years, including Big Bang Theory in 2017 and The Simpsons in 2020. One of the latest crypto mentions occurred during the premiere of the 11th season of Shameless, in an episode called “This is Chicago.”
“It’s my crypto,” character . . . → Read More: ‘Shameless’ season premiere name drops Bitcoin and other crypto
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