This On-Chain Data Suggests Unannounced Companies are Accumulating Bitcoin

The crypto community was ablaze with joy after news broke regarding Square’s decision to buy Bitcoin to hold as a reserve asset This decision came about just months after MicroStrategy made a similar choice, albeit on a larger scale If this trend gains steam as the dollar continues seeing unprecedented inflation, it could be a catalyst for massive BTC upside The significance of this should not be understated, but data seems to indicate that Square […] дальше »

2020-10-10 02:00

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Bitcoin Network Momentum Suffers from Era of Layer 2 Dominance

Bitcoin’s fundamental outlook has been growing by leaps and bounds throughout the past year, with the vast majority of on-chain metrics pointing to mounting underlying strength. One such metric, however, that has not shown any signs of intense strength is the cryptocurrency’s network momentum, which has remained stagnant throughout the past few days and weeks. […] дальше »

2020-10-9 05:00

The Clock is Ticking for Bitcoin to Make a Massive Move; What Analysts are Saying

Bitcoin’s price has been caught within an incredibly tight consolidation phase over the past few weeks Multiple trend catalysts – both bearish and bullish – have arisen during this time, yet none of them have been able to provide BTC with any notable momentum Analysts are now noting that this won’t last for too much longer, with many expecting a large movement in the coming days and weeks One trader also believes that the next […] дальше »

2020-10-9 02:00

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Jack Dorsey’s Square Invests $50 Million In Bitcoin And That’s Yet Another Big Win For Crypto

Square, the mobile payment company founded by Twitter’s Jack Dorsey, announced Thursday that it has invested a mouthwatering $50 million in the bellwether cryptocurrency. According to an official statement, the firm purchased roughly 4,709 BTC as cryptocurrency is “an instrument of economic empowerment and provides a way for the world to participate in a global […] дальше »

2020-10-8 21:30

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Data Shows This Single Trump Tweet Marked the Local Bitcoin Bottom

Bitcoin’s price has lacked directionality throughout the past several days and weeks, with both buyers and sellers reaching an impasse This has come about as it continues trading squarely in the middle of its long-held trading range between $10,200 and $11,200 Despite being closely correlated to the stock market, yesterday’s intense equities rebound was not enough to pull Bitcoin higher The cryptocurrency still remains below multiple key levels One analytics firm still believes that the […] дальше »

2020-10-8 21:00

Bitcoin Could See a Massive Squeeze as Funding Rates Flip “Extremely Negative”

Bitcoin’s price action has been lackluster as of late, providing investors with few insights into the cryptocurrency’s near-term outlook as it consolidates Although from a technical perspective, it remains unclear as to where it might trend in the near-term, there are a few factors that may provide investors with some guidance One such factor that could have some influence over the digital asset is its funding rates, which have flipped negative throughout the past few […] дальше »

2020-10-8 02:00

Here’s the Reason Why Bitcoin’s Price is Stable Despite Macro Turbulence

Bitcoin’s price has been incredibly stable throughout the past couple of weeks Even bearish news developments that would have – in years past – catalyzed far-reaching selloffs have done little to shake its present strength Analysts are now widely noting that the traditional markets will be a guiding force for BTC going forward Which direction they begin trending mid-term will likely influence the benchmark crypto One on-chain analyst is now putting forth an interesting observation […] дальше »

2020-10-8 21:00

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Investor Focus Shifts Towards “Gem Hunting” as Bitcoin Price Wanes

The Uniswap trading trend that gained heat throughout July and August is back, but in a different form than before While in previous months, traders were focused on momentum plays over a multi-week time frame, they are now trading “Uniswap gems” with a one-day or two-day investment horizon This has caused plenty of small tokens to see massive, and fleeting, pumps over a shorter time frame One analyst believes that this trend may be why […] дальше »

2020-10-7 02:00

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This Grim Pattern Indicates Bitcoin Is Ready to Plunge Towards $9,500

There’s an air of uncertainty within the crypto market, with most altcoins plunging lower as Bitcoin continues consolidating Analysts seem to be unsure of where the benchmark cryptocurrency will trend in the near-term, as it has yet to make any decisive movements One trader is noting that BTC is currently in the process of undergoing a bearish technical cross between two of its moving averages He notes that this could open the gates for a […] дальше »

2020-10-6 21:00