It is Thursday and bitcoin already surged by more than 21 percent into the week. But whales believe the ongoing bull run is fake. A prominent trader, who is sitting atop a $20 million monthly loss from his anti-rally bitcoin positions, expressed his conviction over potential bull exhaustion. He called bitcoin’s upside run as Read more
In brief Bitcoin’s halving is coming up soon. Previous halvings have been associated with a rise in the price of Bitcoin. CryptoCompare says this one is different. A new report by CryptoCompare explains that the conditions of next month’s Bitcoin halving are completely different to the previous two Bitcoin halvings, which took place in Read more
On Apr. 29, the Bitcoin (BTC) hit an intraday high of $8,970 on the Bitstamp exchange before erasing a substantial portion of its gains. However, former Wall Street trader Tone Vays expects this rally to run out of steam, which is why he has already sold his long position to buy another Read more
Bitcoin has come out roaring after starting the week without lacking any momentum. It was further off the back of days of sideways trading. The latest move sees Bitcoin break above its immediate resistance of $8K and further extend this to break its higher high of $8.5K before hitting resistance. Read more
By examining the differences between Greek and Japanese deflation, one can get a better understanding of how Bitcoin would react in such an economic environment. Bitcoin’s Role as a Hedge Gold is the primary hedge against inflation, but Bitcoin is developing similar properties. Bitcoin’s monetary inflation is currently higher than that Read more
After recovering from the March 12 collapse, Bitcoin has jumped above and below the $7,000 threshold several times. However, on April 23, the flagship cryptocurrency actually started its price action, leaving $7,092 behind. On April 28, Tuesday, Bitcoin started moving up from the $7,777 level and has now reached $7,925. $7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$7,777$ Read more
The world’s leading cryptocurrency exchange, Binance, is reportedly under attack. According to a report from Coinness, the Co-founder and CMO of the exchange, Yi He, notified about the attacks in a WeChat group. On social media, a recent mailer from the exchange sent in Chinese text has had users suspect a phishing Read more
As much as many say Bitcoin is uncorrelated, even the crypto industry hasn’t been spared in the recent outbreak of COVID-19. Like a majority of other asset classes, cryptocurrencies tanked on “Black Thursday,” experiencing their worst crash in years. And like most other industries, a number of leading firms laid Read more
Despite Ethereum’s rejection at $200 and Bitcoin’s similar rejection at $7,800, the cryptocurrency market has held strong over the past 24 hours. Case in point, Ether continues to trade for $194, just shy of the weekly highs and above the $180-190 region, which analysts have identified as a zone of support. Unfortunately, Read more
In brief Tether has now minted $1 billion in USDT this month. Tether is now gaining on XRP as the third-largest cryptocurrency. The price of Bitcoin has gone up 20% this month. The Tether treasury has minted just shy of $1 billion in USDT stablecoins this month, pushing its market Read more