Friday, April 19, 2024
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Bybit joins trend, releases Merkle Tree-verified proof of reserves

The cryptocurrency exchange Bybit joins the parade of exchanges in the industry pushing for transparency post the FTX catastrophe.On Dec. 12, it announced that it has launched a Merkle Tree-based proof-of-reserve system. The new transparency initiative allows its users to directly verify Bybit’s holdings, along with their personal assets deposited into

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Bitcoin 2022 bear market ‘usual’ despite key trend line loss — analyst

Bitcoin (BTC) spending an “unprecedented” period below a key moving average is a poor guide to the 2022 bear market.That was the opinion of analyst Superswell, who this week championed on-chain metrics as a way of understanding current BTC price action.“Business as usual so far” for Bitcoin bear marketIn a

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Bitcoin Price Trend Overwhelmingly Negative, Bears Target $13K

Bitcoin price extended losses and retested the $15,800 support. BTC could continue to move down towards the $15,000 and $14,000 levels. Bitcoin started a fresh decline below the $16,000 and $15,800 levels. The price is trading below $16,400 and the 100 hourly simple moving average. There is a major bearish trend line forming

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Bitcoin price broke out this week, but has the trend changed?

Welcome readers, and thanks for subscribing! The Altcoin Roundup newsletter is now authored by Cryptox’s resident newsletter writer Big Smokey. In the next few weeks, this newsletter will be renamed Crypto Market Musings, a weekly newsletter that provides ahead-of-the-curve analysis and tracks emerging trends in the crypto market. The publication date

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