Cryptocurrency Analysis and News Portal
There are many traders flipping bearish after Bitcoin’s strong retracement over the past day.As reported yesterday, Ethereum’s inability to hold $210 indicates that more downside is on its way for the leading altcoin. Ethereum dropping would likely result in weakness for Bitcoin, as the two cryptocurrencies tug each other in
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At 12:40 A.M. UTC time Bitcoin (BTC) price dropped from $9,574 to $8,112 in the course of 15 minutes. The 15.30% drop came after the top ranked digital asset on CoinMarketCap struggled to reclaim the $9,800 support after falling below the support which formed the base of a bull pennant and
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A long-held theory in the Bitcoin market is, the launch of CME futures popped the cryptocurrency bubble.When the established derivatives exchange launched the product, BTC surged dozens of percent higher in the days that followed, only to crash from $20,000 to around $6,000 within two months. The timelines suggested that
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Another week, another round of Crypto Tidbits.itcoin has been one of the best-performing assets in financial markets over the past week, managing to rally as high as $10,100 — a price around 25% higher than two weeks ago. Altcoins, interestingly, have underperformed the market leader, with Ethereum and XRP both flatlining
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Open interest for CME bitcoin futures made a new all-time high of just under $500 million on Friday, the third consecutive day of open interest records this week. Significant growth in CME futures demonstrates the intensifying contest between the stalwart institutional trading platform and crypto-native derivatives exchanges like BitMEX. Over the
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With approximately three days before the 2020 Bitcoin halving, BTC price is hovering around $10k with the bulls easily flexing their muscles against the bears.With approximately 79-hours for the function ‘GetBlockSubsidy’ on the Bitcoin blockchain code to execute the halving to 6.25 coin reward, the BTC price has reached the
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Bitcoin price is moving up as the halving is just 3 days away. But will Ethereum follow the trend and rise along with Bitcoin?Bitcoin’s third halving is only four days away. Unsurprisingly, the price of Bitcoin has been climbing and is expected to explode after the event. Usually, Bitcoin carries
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Bitcoin price surges over 5% to trade above $9,700 at the time of reporting. The rally comes as the clocks show 4 days remaining until the BTC halving event.Bitcoin price continues soaring as the hype with BTC halving keeping most enthusiasts awake now and then. Bitcoin halving is expected to
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Bitcoin’s PoW miners continue to dominate the cryptocurrency mining industry both in terms of total revenue and total security spending. Bitcoin miners received $5.5bn in total block rewards, $5.2bn (94.8%) of which were newly minted coins, and $284m (5.2%) of which were transaction fees.These days, almost everyone in crypto-space is
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As BTC halving is expected to happen next week, Bitcoin network’s mining difficulty has reached close to its all-time high of 16.55 trillion. Bitcoin’s mining difficulty adjusts itself every two weeks or every 2016 blocks depending on the competition in each adjustment cycle.We are just seven days from one of
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