Cryptocurrency Analysis and News Portal
A bullish technical indicator in the bitcoin market flashed for the first time since December 2019.The tool studies the behavior of bitcoin producers – the miners – to identify potential price tops and bottoms.It now indicates that bitcoin price has bottomed out near $3,800 in March 2020.A black swan event
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Once the Bitcoin rewards halving goes through on May 12, the annual inflation rate of the cryptocurrency will be about half of the global average.As crypto analyst Mati Greenspan noted on Twitter on April 26, the annual inflation of Bitcoin (BTC) will fall from 3.65% at the time of press
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A study by TokenInsight indicates that the total futures trading volume in the crypto industry reached over $2.1 trillion in Q1 2020. This is an increase of 314% from the 2019 Q4 average.According to the “2020 Q1 Cryptocurrency Derivatives Exchange Industry Report”, except for a slight decline in Q4 2019,
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Nasdaq-listed cryptocurrency mining firm Riot Blockchain has demonstrated a remarkable monthly growth of average daily run rate of Bitcoins (BTC) mined, in February.The United States-based firm has seen a 147% increase in the average daily run rate of BTC mined, against the average daily production run rate for December
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After more than ten months of negotiations, the NFL Players Association and the league have agreed on a new collective bargaining agreement. Houston Texans defensive end JJ Watt tweeted that it was a “hard no” from him on the changes. Players like JJ Watt, who make hundreds of millions
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Bitcoin (BTC) is worth more in 2020 than any other year it has existed — and historical data suggests that its price will continue climbing for another 19 months.Data uploaded to Twitter by fund partner James Todaro on Feb. 21 reveals that in terms of volume-weighted average price, 2020
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Recent data from crypto data site Coin Metrics shows USDT tokens change locations every eight days on average. “The trailing 12 month velocity of @Tether_to on Omni, Ethereum and Tron has rapidly and consistently increased since September and currently sits at ATHs, where on average each $USDT turns over 46 times per
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Bitcoin (BTC) never saw a bear market in 2019 — and the evidence is easy to find on the blockchain, according to some prominent figures.Data covering various metrics shows that despite recent price volatility, Bitcoin has held strong throughout its eleventh anniversary year.Investors echo that resolve — as the
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As part of its current mid-term downtrend, Bitcoin (BTC) could be headed toward its 200-week moving average (MA), a level that has been a major historical bottom. Since hitting its 2019 high of approximately $13,890, Bitcoin has seen lower highs indicative of a downward trend, at least in the mid-term. After
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Traditional markets and indexes are currently hitting new records. In one such first-ever milestone, the Dow Jones Industrial Average rallied to a record 28,000 plus levels on Friday. The rally comes amidst waning tensions in the U.S.-China trade war with the hope of reaching a trade deal between the two
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