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In the past 48 hours, the bitcoin price increased by around nine percent from $7,740 to $8,462. In the same period, XRP, Ethereum, and other top crypto assets stagnated, either flatlining against the U.S. dollar or falling.Factor #1: Crypto traders are not so confident in the moveThe upsurge of bitcoin
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Galen Moore is a Senior Research Analyst at CoinDesk. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here.Fake volume became one of crypto assets' leading narratives of 2019, as a U.S. regulatory application for an exchange-traded product (ETP)
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Undoubtedly, the journey has not been all rosy for the world’s most celebrated cryptocurrency, Bitcoin. In fact, Bitcoin’s journey through the last decade was lined with many highs and lows – literally. That said, statistics also showed that the virtual currency grew by 9 million percent in the just-concluded decade.
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Last year’s inaugural Proof of Keys day didn’t see massive amounts of bitcoin withdrawn judging by onchain data – but it did
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The last five years have been a test phase for bitcoin derivatives, which began tentatively when Bitmex eased into life in 2014.
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BitMEX, the world’s largest cryptocurrency exchange by daily trading volume to date, now holds 0.18% of all Bitcoins (BTC) in circulation. In a Dec. 26 tweet, James Lopp, CTO at New York-based crypto custody startup Casa, also pointed out that BitMEX’s dedicated insurance fund has surged 62% in 2019.BitMEX holds
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On December 17, the European Central Bank (ECB) published a report that showcased its blockchain technology proof-of-concept. One particular feature the central
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The price of bitcoin has extended its losses to below 7000 levels as the gloomy sentiment has been looming the broader cryptocurrency markets. While the hype of the next BTC halving has been gradually building up as we are about to wrap up 2019, the seasonal pattern shows that BTC
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While price fluctuations is very common in the crypto sphere, some analysts have reasons to believe that the recent plunge in the Bitcoin price isn’t just like any other decline. The researchers of Chainalysis believe it could very well be the aftereffect of the PlusToken scam.You will recall that a
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Bitcoin has plunged by approximately 50 percent from its 2019 peak. And the cryptocurrency is hinting to continue trending downwards before the year’s close. The negative sentiment in its market, nevertheless, is benefiting rival cryptocurrencies.That is particularly true for XTZ, the native asset of Tezos, a proof-of-stake blockchain project whose market
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