Bitcoin Retakes $54,000

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The KuCoin Hacker is About to Sell Stolen Chainlink; Why Analysts Aren’t Concerned

KuCoin, a somewhat popular cryptocurrency exchange headquartered in Singapore, experienced a major security breach last week that led to the loss of over $150 million worth of crypto tokens, including Bitcoin, Chainlink, Ethereum, and a plethora of altcoins.

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Ethereum Reaches a Fate-Determining Level as Analysts Watch for Volatility

Ethereum’s price action has been closely tracking that of Bitcoin in recent weeks, causing it to see a choppy bout of sideways trading The lack of any real trend in recent weeks has made ETH’s mid-term outlook somewhat unclear That being said, the crypto may now be trading at a pivotal level that determines its near-term outlook One analyst is noting that the price at which it is currently trading has historical significance, and its […]

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Bitcoin Miner Outflows a Grave Sign for BTC Despite $11,000 Breakout

Bitcoin has seen some intense strength throughout the past several days, with the cryptocurrency marching from lows of $9,900 to highs of over $11,000 that were set today. This strength is somewhat unique in that BTC is the only major cryptocurrency currently marching higher, as most others are stuck within consolidation phases or downtrends. Ethereum, […]

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Bitcoin Tokenized on Ethereum Near $1 Billion

The movement of bitcoins towards eth is growing somewhat parabolically, doubling in two weeks from around 40,000 to now more than 88,700 bitcoins. That’s worth some $960 million dollars, an...

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Bitcoin Reclaims Crucial Technical Support as “Smart Money” Flips Long

Bitcoin is showing some intense signs of strength today, with the cryptocurrency’s price rallying towards its recent highs of $10,500 while the aggregated market also sees some strong momentum. Because BTC has yet to break above $10,500, its near-term outlook still remains somewhat unclear.

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The Number of Bitcoin “Wholecoiners” Just Hit a Fresh All-Time High

Bitcoin investors have been accumulating the digital asset at a rapid pace throughout the past several days and weeks, with the cryptocurrency seeing massive inflows of capital in August while its price remained somewhat stagnant between $11,000 and $12,000.

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As Bitcoin Consolidates, Here are the Crucial Levels that Will Determine Its Future

Bitcoin has seen a strong rebound from its recent lows, but the cryptocurrency still remains caught within a firm consolidation phase between $9,900 and $10,300 The benchmark crypto is currently testing the upper boundary of this range, but its momentum is somewhat tempered at the moment and appears to be faltering Whether or not it can push any higher in the near-term may depend almost entirely on how it reacts to $10,300 One analyst is […]

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Bitcoin Cash short-term Price Analysis: 09 September

Over the past 6-days, the collective digital assets industry has taken somewhat of a breather as the bears seemed to have reduced their pressure on the market. Yet, most of the altcoins are still steaThe post Bitcoin Cash short-term Price Analysis: 09 September appeared first on AMBCrypto.

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Cryptocurrency News Roundup for Sept 3, 2020

The Bitcoin price dropped more than $400 early on Thursday, 3 Sep, triggering alarm among the bulls who were already struggling against a two-day sell-off. The steep drop was somewhat expected, though, considering that there was an inflow of more than 90,000 BTC from whales to some of the largest crypto exchanges just a day […] The post Cryptocurrency News Roundup for Sept 3, 2020 appeared first on BeInCrypto.

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Here’s the Key Support Bitcoin Must Defend to Avoid Serious Downside

Bitcoin has been struggling to garner any clear upwards momentum throughout the past several weeks This has degraded its technical strength, resulting in it seeing heightened selling pressure Analysts are growing somewhat cautious about the crypto’s near-term outlook Nonetheless, it is essential to note that it remains above multiple crucial levels As such, until these support levels throughout the lower-$11,000 region are broken, BTC may still be well-positioned to see further upside Bitcoin and the […]

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Here’s Why Bitcoin’s Hash Rate Has Dropped Around 10% In the Past Day

Although Bitcoin is a decentralized technology, the mining of the cryptocurrency is somewhat centralized in China. Per some reports, around two-thirds of all mining machines are based in the country, concentrated in the river regions where electricity is cheap.

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Roger Ver Promotes Dash on Reddit

In a somewhat surprising turn of events, Roger Ver, the co-founder of Bitcoin fork, Bitcoin Cash (BCH), today told users to buy DASH on Reddit. The statement came as a result of users requesting an Infrastructure Funding Plan (IFP) for BCH.

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Bitcoin Could Retrace to $9,000 if it Breaks Below This One Key Level

Bitcoin is now hovering within the mid-$11,000 region following the intense bout of selling pressure it witnessed yesterday The decline beneath $11,200 was quickly absorbed by bulls, although BTC remains in a somewhat precarious position One analyst is pointing to massive support just below where the crypto is currently trading as a bullish factor That being said, other traders are cautioning that BTC is getting closer to a key level that could lead the crypto […]

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Crypto investor sentiment hits “extreme greed” levels for first time since 2019

Bitcoin currently appears to be in a somewhat precarious position as it struggles to break above its $12,000 resistance, causing the entire crypto market to see some turbulence. The post Crypto investor sentiment hits “extreme greed” levels for first time since 2019 appeared first on CryptoSlate.

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Litecoin (LTC) leads large-cap gains as Bitcoin breaks $11,000

Litecoin — long heralded as the “digital silver” to Bitcoin — led gains in border crypto market this week as the DeFi boom, poor economic outlook in traditional markets, and the rise of gold sparked somewhat of a crypto run.

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This Technical Pattern Suggests Bitcoin Will Plunge Over 30% in Coming Weeks

Bitcoin appears to be in a somewhat precarious position, as a few technical factors are currently suggesting that it may soon see some notable near-term downside. One such technical factor suggesting that the crypto is poised to see notable near-term downside can be seen while looking towards a fractal pattern it has been developing over […]

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After Ethereum tokens surge, veteran trader Peter Brandt asks if Stellar Lumens (XLM) is next

After trading somewhat in tandem with Bitcoin and Ethereum over recent weeks, which are flat on a macro scale, Stellar Lumens (XLM) saw a strong breakout on July 16 that brought the asset up by over 10 percent, CryptoSlate data shows.

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Unless Bitcoin Breaks Through These 2 Levels, a Crash to $7,000 Is “Logical”

After attempting to rally through $9,500 this week, Bitcoin failed to sustain its bullish momentum yet again. As of this article’s writing, the leading cryptocurrency trades for $9,200, having sustained somewhat of a pullback.

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Bitcoin Remains in Firm Bull Territory as Buyers Defend Critical Support

Bitcoin has remained in firm bull territory over the past several weeks, despite it showing some signs of immense weakness Much of the benchmark cryptocurrency’s current strength comes from its ability to hold above its SMA50 One analyst believes that this is the level that will determine the crypto’s future in the days and weeks ahead He also notes that some hidden bullish divergences are working to counter the weakness stemming from BTC’s “somewhat defined” […]

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Bitcoin’s Price Correlation With S&P 500 Hits Record Highs

Bitcoin's correlation with the S&P 500 is somewhat erratic, but the relationship has just got stronger. That may not be bad news.

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3 snippets to begin your day: Bitcoin & Bakkt, SpaceX, and more

Bakkt to the future? After reeling under the weight of expectations last year, 2020 has seen Bakkt roar back to form somewhat. Weeks after Bakkt saw its open interest and volumes surge, the IntercoThe post 3 snippets to begin your day: Bitcoin & Bakkt, SpaceX, and more appeared first on AMBCrypto.

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U.S. Pentagon Predicted Global Unrest and Bitcoin’s Rise in a 2018 Army Wargame

A U. S. Pentagon-created war game features a rather strange, but somewhat likely, narrative involving a revolution and Bitcoin. In the role-playing theatrical aimed at new military joinees, the underlying narrative involves crime fighters going head-to-head with a discontent Generation-Z, which ultimately starts using Bitcoin.

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Bitcoin May Surge as Chinese Yuan Gets Fixed to Lowest Price in a Decade

Unlike Bitcoin and other free markets, the Chinese yuan market is fixed and somewhat controlled by the country’s central bank. As Wikipedia describes: “Since 2006, the renminbi exchange rate has been allowed to float in a narrow margin around a fixed base rate determined with reference to a basket of world currencies.

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Fund Manager: Bitcoin’s Perfect Storm Is Here Because of “Reckless” Fed

Since the crypto bubble of 2017 that brought Bitcoin from under $1,000 to $20,000 in a year, analysts have been wondering what will spark the next rally. Many have put their faith in the Bitcoin block reward halving, which came to pass earlier this week, but more and more are becoming convinced that it is (somewhat ironically) central banks and governments that will start the next bull market to all-time highs for both gold and Bitcoin. […]

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Bitcoin Miners Start to leave Mining Pools After the Halving

As was somewhat to be expected, the recent block reward halving has an impact on the Bitcoin miners. All major pools are losing hashrate rapidly, although it is expected that things will return to normal fairly soon.

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Bitcoin Is in “No Man’s Land” After the Halving: Here Are Key Levels to Watch

Since the block reward halving on Monday, the Bitcoin market has entered somewhat of a lull, with the asset trading in the high-$8,000s with little volatility ever since the event. This price action — or lack thereof — has brought the cryptocurrency into “no man’s land,” according to one popular crypto trader pointing to the chart below.

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Fiscal Policies Trigger Inflation Fears as Bitcoin Approaches Halving 

The COVID-19 response from national governments all around the world has been somewhat uniform. With few exceptions, most have chosen to lock down economies and massively expand existing monetary supply (M2) through stimuli.

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Warren Buffett Can Technically Buy All Circulating Bitcoin Today, But Not Really

Because of the relative youth of Bitcoin, the market surrounding it still remains somewhat small, with a total size of $164.5 billion To keep this in perspective, Warren Buffett has approximately $137 billion, meaning that he is just a hair short from (theoretically) being able to buy every circulating BTC The math regarding this possibility is a bit deceiving, however, as it is premised on the notion that the market dynamics of supply and demand […]

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Binance CEO Proclaims Bitcoin ‘FOMO Mode’ as Exchange Hits Record Trading Volume

According to Binance CEO and co-founder Changpeng Zhao, the Bitcoin market is now in full ‘FOMO mode. ’ This is a somewhat typical market behavior, as Bitcoin’s third halving is just around the corner.

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CME Bitcoin Futures more bullish than retail due to 'stability' of 12 March

Unlike regular traditional markets that might still be grieving after the unexpected fall on 13 March, the digital asset industry was quick to respond and somewhat break away from the tide. Over thThe post CME Bitcoin Futures more bullish than retail due to 'stability' of 12 March appeared first on AMBCrypto.

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Ethereum prepares to ride its volatility rollercoaster

Ethereum, the largest altcoin in the crypto-market, had a somewhat nonchalant start to the year. For the first few weeks, its price rise eclipsed that of Bitcoin and the rest of the market; but with tThe post Ethereum prepares to ride its volatility rollercoaster appeared first on AMBCrypto.

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Cryptocurrency News Roundup for March 30, 2020

Following the sloppy performance over the weekend, Bitcoin somewhat bounced back on Monday and hit the mid-$6,500 level. It ended the day with a market cap of  $108,338,520,156, which is roughly two-thirds of the broader cryptocurrency market.

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Cryptocurrency News Roundup for March 18, 2020

Down but not out — that’s the state of Bitcoin’s current situation as the global economy falters as a side-effect of the coronavirus pandemic. As virtually every other asset continues to plummet during this tumultuous market meltdown, it is somewhat of a relief to see BTC price holding steady — for now, at least.

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BitMEX Open Interest Falling, Bolstering Bitcoin Rally Potential

Cryptocurrency markets have dumped over $20 billion this week in their largest one-day fall of 2020. Bitcoin is currently holding at support — but will a fall in open interest on BitMEX signal another upturn? Bitcoin has held at the $9,600 range for the past 24 hours, indicating that the downturn may have slowed somewhat.

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The DOJ Claims Every Bitcoin Mixer is a Money Laundering Business

The concept of a Bitcoin mixer has always been somewhat controversial. The recent statements by the US DOJ will only thicken the plot in this particular regard. A few years ago, the Bitcoin mixer landscape was very competitive.

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Bitcoin Transaction Volume Primed to Overtake PayPal in 2020

Looking back, 2019 may have been a bit of a transitional year for Bitcoin. It lacked the hype and excitement of 2017, but and it also did not have the same sickening lows of 2018. Last year, Bitcoin bounced back from its lows but also stagnated somewhat below the $10,000 mark.

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Bitcoin Cash's mining development proposal forces issuance of new clarification

The recent proposal by an exec of one of the largest Bitcoin Cash mining pools caused somewhat of a stir in the community. As part of the proposal presented by BTC.TOP CEO Jiang Zhuoer, 12.5% of BitcoThe post Bitcoin Cash's mining development proposal forces issuance of new clarification appeared first on AMBCrypto.

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Research Firm: 3 Use Cases Could Send Bitcoin To $1 Trillion

Few assets are worth $1 trillion. Even still, analysts and investors in Bitcoin have long expected the market capitalization of the cryptocurrency to surmount the billions and enter the trillions. As crazy as this may sound, a prominent investment research firm, ARK Invest, in a recent report mentioned three somewhat feasible use cases that could... The post appeared first on NewsBTC.

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Bitcoin SV Spiked 17% Today: But There’s a Key Reason It’s Not Sustainable

Bitcoin SV, a somewhat controversial hard fork of Bitcoin Cash, has suddenly spiked by as much as 17% intraday following legal developments in the Craig Wright legal battle with the late David Kleiman.

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Trump Twitter Bitcoin Scammed, Thousands Lost

The President of the United States, Donald John Trump, is meeting most of his tweets with a somewhat sophisticated bitcoin scamming operation. Someone who fell for it says: “I was... The post Trump Twitter Bitcoin Scammed, Thousands Lost appeared first on Trustnodes.

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Need to Explain Bitcoin to Friends and Family? Here’s a Strategy Or Two

For some reason or another, discussing Bitcoin at the Christmas dinner table has become somewhat of a meme. Christmas, after all, is when you spend time with the closest people in your life, the people who may listen to your drunk ramblings about the potential of blockchain or why a certain cryptocurrency (or investment for.

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Stock Market May See Its Worst 12-Year Return in History, What Does It Mean for Bitcoin?

Outspoken investor John Hussman claims that we are on the brink of stock market collapse. He argues that even a 50-65% market crash this cycle is “somewhat optimistic. ” What would such a collapse mean for Bitcoin? This month, the U.

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Klarna and Sofort Becoming Names to Know in Cryptocurrency Circles

The primary aim of Bitcoin when it was first created was to replace all fiat currencies with the peer-to-peer payment system supported by its blockchain. Since the release of the original cryptocurrency, the original use of the digital coins has become somewhat muddled amidst the interest in the ocean of cryptocurrencies as investment opportunities.

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US Marshals Warn of Resurgence of Bitcoin ATM Fraud

The US Marshals Service and FBI have updated an earlier warning against scammers impersonating law enforcement officers. The agencies say those behind the scams accuse a potential victim of a crime and demand payment via a Bitcoin ATM or another somewhat obscure payment method.

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Bitcoin Golden Cross Could Indicate the Beginning of an Upward Trend

The Bitcoin price has been decreasing since late October. A bullish cross between long-term moving averages (MA) suggests that it might begin an uptrend. However, similarities to the previous time this occurred are somewhat ambiguous.

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Going to Talk Bitcoin at Thanksgiving? Here’s a Good Strategy

For some reason or another, discussing Bitcoin at the Thanksgiving dinner table has become somewhat of a meme. Thanksgiving, after all, is when you spend time with the closest people in your life, the people who may listen to your drunk ramblings about the potential of blockchain or why a certain cryptocurrency (or investment for.

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Will Ethereum’s Price Increase in Anticipation of the Hard Fork?

During the week of November 17-24, the Ethereum price decreased by 25 percent. This was somewhat atypical since the rate of decrease was higher than that of Bitcoin — which has not been the case since September.

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Bitcoin Price Likely to Drop Towards $6,000 if History Rhymes

After plunging to $6,800 on Friday, Bitcoin (BTC) has been subject to some reprieve; the cryptocurrency now trades at $7,300, up some 8-odd percent from the bottom. While this bounce is somewhat positive for bulls, especially considering the historical importance of the high-$6,000s, a key indicator suggests that there may be more pain to come.

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