Cryptocurrency Analysis and News Portal
Newly released data from crypto exchange OKEx gives one possible explanation of how larger holders of bitcoin – or “whales” – were able to influence prices as bitcoin rallied to a new all-time high in November.During that bitcoin run-up, institutions and whales were able to buy dips and oftentimes sell
Read More
Bitcoin mining hardware manufacturer Bitfury has filed to sell its remaining 38% stake in Toronto Stock Exchange-listed mining company Hut 8.The Amsterdam-based manufacturer filed a notice of intention to distribute securities on Dec. 3 for the sale of 37,226,958 shares of Hut 8. At current prices, the stake is worth
Read More
Citi analyst Tyler Radke lowered his recommendation on MicroStrategy to “sell” from “neutral,” warning investors in a Tuesday research note that the company’s recent bitcoin euphoria may be overextended, according to SeekingAlpha.Radke cited CEO Michael Saylor’s “disproportionate focus” on bitcoin as a potentially troubling trend for the business intelligence company.
Read More
Less than a week ago, bitcoin’s price set a new all-time high at $19,920.53. However, the oldest cryptocurrency is still struggling to break above the $20,000 level. The reason that milestone remains elusive, according to analysts and traders, is simple: There are too many sell orders very near the $20,000 level
Read More
Bitcoin’s price action as of late has greatly favored buyers, with the cryptocurrency being caught within the throes
Read More
The U.S. Securities and Exchange Commission (SEC) has granted another crypto firm permission to sell its native cryptocurrency. The SEC published a “no-action letter” on Thursday (dated Nov. 17) to IMVU, a digital avatar company, allowing the firm to sell its VCOIN digital tokens to users, albeit with strict restrictions on
Read More
The new service launch comes just one week after federal agents announced the seizure of over $1 billion in bitcoin. Source
Read More
Crypto traders rely on several tools to help predict future Bitcoin price action and trend changes. Few tools
Read More
Bitcoin has surged massively higher over the past 10 days since bottoming on the OKEx news. The price
Read MoreA report published by Arcane Research has revealed that nearly half of Paxful’s trade volume comes from trade between Bitcoin (BTC) and gift cards.The report found that, “purchasing Bitcoin with gift cards has been the preferred solution on Paxful each month throughout the five-year span analyzed,” and in June accounted
Read More