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Month: August 2020
An overnight jump in the Bitcoin price Sunday may not put the asset en route to higher levels this week. That is because of a lower weekly open, says a pseudonymous Twitterati. The analyst notified his followers about an early morning Bitcoin move on Monday – a sell-off that pushed the cryptocurrency lower from its
The world’s largest cryptocurrency exchange, Binance, has targeted London commuters with new ads featuring Bitcoin. According to an Aug. 28 tweet from Binance.UK, the crypto exchange has placed new ads at 17 bus stops in London. The image shows two older generations of coins as well as a current two-pound coin used in the U.K,
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Bitcoin has pressed higher after the 3-4% correction on Thursday. As of this article’s writing, the asset trades for approximately $11,500. While this is above a notable price point already, analysts think that Bitcoin will extend its gains in the near future. One trader noted that there are clear signs that BTC will soon trade
If Bitcoin (BTC) was born in response to the systemic failures laid bare by one global financial crisis, then the subsequent rise of various decentralized networks can be seen as differences in opinion on the best way forward. All are in agreement that the existing financial system is broken, but are slightly at odds in
Bitcoin’s recent rally has seemingly been bullish, bringing the asset above $10,500, then $11,500. As of this article’s writing, the cryptocurrency trades for $11,500. BTC may actually be trading in a textbook top pattern, though. The pattern identified by a trader predicts Bitcoin will reverse to the $10,000s, then lower towards the $9,000s. This may
Bitcoin was down a bit this week, stopping just above $11,000. That increase in volatility is only to be expected, say some experts, as we approach the end of some BTC futures and options contracts. Other contributors to increased volatility include Bitcoin’s long period of consolidation and a key resistance level. But what happens next?
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Bitcoin is pressing higher after plunging as low as $11,150 on Thursday. The asset now trades at $11,500 as of this article’s writing. Analysts assert that the cryptocurrency remains in no man’s land in the near term. A move higher could confirm that there is more upside in the works for this nascent market. Yet
Today’s Bitcoin (BTC) futures expiry was lackluster both in terms of price impact and volume. Open interest dropped by a mere $157 million, barely moving from its $5 billion mark. As CoinTelegraph correctly predicted yesterday, this most recent CME Bitcoin futures expiry was irrelevant. Some $125 million worth of August contracts were set to liquidate
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Bitcoin has flatlined in the $11,000s over the past few weeks as bulls and bears fail to establish a direction. BTC now trades at $11,400 as of this article’s writing, having dropped as low as $11,150 on Thursday. The cryptocurrency is seen by many to be in a no man’s land due to the resistances
Transaction costs on the Ethereum blockchain are at record highs, and no one will let you forget it. Reports often detail how decentralized finance platforms are the cause of ever-rising gas fees — tokens paid to miners who confirm and enable transactions on the Ethereum blockchain. Yes, DeFi does play a role, but the problem
Bitcoin now trades at $11,250 after peaking at $11,600 earlier today. The cryptocurrency has seen this volatility due to the reaction in the values of gold and the U.S. dollar to Jerome Powell’s speech. In the speech, the Federal Reserve chairman said that inflation could be over 2%. Bitcoin remains in no man’s land in
The price of Bitcoin (BTC) has declined by more than 6% in the last three days and with the $276 million CME Bitcoin futures expiry approaching on Aug. 28, traders are nervous that additional downside could be in store. Following Bitcoin’s rejection at $12,500, traders foresee two key scenarios playing out over the short term.
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Bitcoin stands stuck between equally adamant buyers and sellers in the past three weeks, with its price going nowhere as a result. The benchmark cryptocurrency fell towards its monthly support near $11,120 on Wednesday after failing to break above $11,880. Moving forward, a full-fledged bull run seems unlikely as long as Bitcoin test key levels
Leah McGrath Goodman, the Newsweek journalist who named Japanese-American man Dorian Satoshi Nakamoto as Bitcoin’s founder in 2014, is doubling down on her claim. In an Aug. 25 episode of the Pomp Podcast with Anthony Pompliano, McGrath Goodman revealed details of the research regarding her original Newsweek story including her written correspondence with Dorian Nakamoto.
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