Cryptocurrency Analysis and News Portal
In brief:Bitcoin’s SOPR indicator has seen a full reset, turning negative for the first time in 5 monthsThe indicator points to a possible local bottom for BitcoinThe last time it fell this low, Bitcoin went from $33,400 to $57,400The crypto fear and greed index has fallen to levels last seen
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In brief:25,600 Bitcoin has left Coinbase in the last week13k Bitcoin left Coinbase on the 25th of FebruaryThis shows that institutions are scooping up the Bitcoin dip with Coinbase facilitating a majority of the ordersBitcoin bullishness might be reignited thanks to the passing of a $1.9 Trillion stimulus bill by
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In brief:Grayscale Bitcoin Trust (GBTC) closed yesterday at a 3.77% discountA discounted GBTC could point towards bearish Bitcoin sentiment amongst institutional investorsBitcoin dipped to the $44k support zone and could be headed lower with the weekly/monthly closeThe Grayscale Bitcoin Trust (GBTC) closed trading yesterday, February 25th, at a 3.77% discount.
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In summary:Bitcoin futures trade volume hit a new all-time high of $294.19 Billion as BTC fell below $45kThe majority of the trade volume was witnessed on Binance followed by Huobi and OKExBitcoin is once again above $50kBTC still has two more hurdles this month in the form of the expiry
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In brief:The NY Attorney General’s office has settled with Bitfinex and TetherBitfinex and Tether will cease all operations in New YorkThey will also pay an $18.5 million fine alongside other requirements to increase transparencyThe New York Attorney General’s office has reached an $18.5 million settlement with Bitfinex and Tether for
Read More In brief:Bitcoin fell from $58,369 to a local low of $47,619Bitcoin then rebounded to $55k before once again dipping to the $47,600 levelThe volatility caused $4.4 Billion in liquidationsThe crucial $50k support hangs in the balance as February comes to a closeThere could be additional selling pressure with Bitcoin futures
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Quick take:OKCoin will delist Bitcoin Cash (BCH) and Bitcoin SV (BSV) on March 1st, 2021The move is aimed at supporting the Bitcoin ecosystem and protecting new investorsOKCoin CEO further explained that misinformation war by Craig Wright is another reason behind delisting BSVThe crypto exchange of OKCoin will delist Bitcoin Cash
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The milestone isn’t just psychological, and potentially opens entire new groups of investors who couldn’t participate previously.This episode is sponsored by Nexo.io.Bitcoin is officially a $1T asset. As the price surged over $54,000, the total market cap of bitcoin reached the new all-time high. In this episode, NLW explores the
Read More In brief:Tim Draper has rekindled his $250k price prediction for BitcoinHe expects Bitcoin to hit this value by the end of 2022He cites that unlike three years ago, Bitcoin looks more likely to hit his targetBitcoin is currently defending the $50k support zone as traders digest the news of Blackrock
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Imagine the following scenario: Sometime in 2021, financial regulators declare that all stablecoin owners must be verified. What would happen to the cryptocurrency ecosystem?Right now, a large chunk of stablecoin usage is pseudonymous. That is, you or I can hold $20,000 worth of tether or USD coin stablecoins in an
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