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Bitcoin News

Bitcoin Price Prediction: BTC Upward Momentum Stalls Under $10,600 But Bulls Eye $11,000

Bitcoin bounces off support at $10,100 but hits a barrier at $10,600, delaying the uptrend. The number of new addresses joining the network is rising amid speculation that Bitcoin will soon hit $11,000. The flagship cryptocurrency suffered yet another blow, which forced it to revisit support at $10,100. The declines came after BTC was rejected

Bitcoin bounces off support at $10,100 but hits a barrier at $10,600, delaying the uptrend. The number of new addresses joining the network is rising amid speculation that Bitcoin will soon hit $11,000. The flagship cryptocurrency suffered yet another blow, which forced it to revisit support at $10,100. The declines came after BTC was rejected

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Bitcoin News
bitcoin
Bitcoin News

Bitcoin Rising Correlation With Traditional Market Undermines ‘Non-Related Asset’ Narrative

Despite the fact that Bitcoin has been long-touted as a “non-correlated asset”, there have been many instances when the largest cryptocurrency behaved similarly to the mainstream market. Altcoins undergoing another major pullback was occasioned with occurs not as drop significantly in the traditional markets and additionally in gold’s price which took a massive hit as

Despite the fact that Bitcoin has been long-touted as a “non-correlated asset”, there have been many instances when the largest cryptocurrency behaved similarly to the mainstream market. Altcoins undergoing another major pullback was occasioned with occurs not as drop significantly in the traditional markets and additionally in gold’s price which took a massive hit as

Bitcoin News
Bitcoin News

Bitcoin Price Analysis: BTC Facing The Ultimate Make Or Break Level Of $11,000

Bitcoin price is pivotal between the 50-day SMA and $11,000, suggesting possibilities of consolidation taking over. The impact of an ascending wedge is kept at by the 50-day support, breakdown back to $10,000 is still in the picture. Bitcoin has spent the last three weeks trying to recover from the dip at the beginning of

Bitcoin price is pivotal between the 50-day SMA and $11,000, suggesting possibilities of consolidation taking over. The impact of an ascending wedge is kept at by the 50-day support, breakdown back to $10,000 is still in the picture. Bitcoin has spent the last three weeks trying to recover from the dip at the beginning of

DeFi
DeFi News
DeFi
DeFi News

DeFi Mania Continues to Catalyze DEX’s Volume

Decentralized exchanges [DEXs] has recorded phenomenal growth in 2020. And it is not the user base that has been accelerating at a tremendous pace. DEX volume too has shown a significant surge over the last couple of months. And this rapid growth has continued to extend this month as well. According to the latest figures

Decentralized exchanges [DEXs] has recorded phenomenal growth in 2020. And it is not the user base that has been accelerating at a tremendous pace. DEX volume too has shown a significant surge over the last couple of months. And this rapid growth has continued to extend this month as well. According to the latest figures

defi
blog
defi
blog

Security Risks in DeFi (Decentralized Finance)

Decentralized finance has been the talk of the town for the last few months, seeing unprecedented growth since June this year, In just six weeks, the amount of ETH locked into these decentralized platforms rose from just over $1 billion to nearly $10 billion. DeFi has provided thousands of people with access to financial services

Decentralized finance has been the talk of the town for the last few months, seeing unprecedented growth since June this year, In just six weeks, the amount of ETH locked into these decentralized platforms rose from just over $1 billion to nearly $10 billion. DeFi has provided thousands of people with access to financial services

Bitcoin News
Bitcoin News

Bitcoin Trading Volume on Bakkt Peaks Again as September Expiration Approaches

Bakkt recently had witnessed a peak in the trading volume of physically-settled bitcoin futures on Tuesday, however, this was a short-lived peak. On Thursday, Bakkt’s trading volume for physically-settled bitcoin contracts surpassed previous ATH at $172 million and reached $178 million. Even though Bitcoin’s value is inching closer to $11,000 after a struggle in the

Bakkt recently had witnessed a peak in the trading volume of physically-settled bitcoin futures on Tuesday, however, this was a short-lived peak. On Thursday, Bakkt’s trading volume for physically-settled bitcoin contracts surpassed previous ATH at $172 million and reached $178 million. Even though Bitcoin’s value is inching closer to $11,000 after a struggle in the

BTC-10x-gold-inflation-hedge
Bitcoin News
BTC-10x-gold-inflation-hedge
Bitcoin News

Bitcoin To 10x From These Levels Says Analyst, Predicts Other Giants to Follow MicroStrategy

Business Intelligence Firm MicroStrategy created a massive buzz by announcing BTC purchase worth $425 million. Earlier this week, MicroStrategy CEO Michael Saylor disclosed how the company decided to pour almost half-a-billion dollar of their cash reserves into Bitcoin. Saylor also made some interesting revelations during his hour-long podcast interview with crypto evangelist Anthony Pompliano. Making

Business Intelligence Firm MicroStrategy created a massive buzz by announcing BTC purchase worth $425 million. Earlier this week, MicroStrategy CEO Michael Saylor disclosed how the company decided to pour almost half-a-billion dollar of their cash reserves into Bitcoin. Saylor also made some interesting revelations during his hour-long podcast interview with crypto evangelist Anthony Pompliano. Making

Bitcoin-bull-Microstrategy-Michael-Saylor
Bitcoin News
Bitcoin-bull-Microstrategy-Michael-Saylor
Bitcoin News

MicroStrategy CEO Michael Saylor Pumps Bitcoins Amidst Dave Portnoy’s Flip-Flop

Michael Saylor, the CEO of business intelligence firm MicroStrategy created a massive buzz earlier this week by announcing the purchase of 16,796 additional bitcoins worth $175 million. Saylor stormed the Bitcoin market revealing that MicroStrategy holds a total of 38,250 bitcoins for $425 million including all purchase costs. Saylor is really betting big on Bitcoin

Michael Saylor, the CEO of business intelligence firm MicroStrategy created a massive buzz earlier this week by announcing the purchase of 16,796 additional bitcoins worth $175 million. Saylor stormed the Bitcoin market revealing that MicroStrategy holds a total of 38,250 bitcoins for $425 million including all purchase costs. Saylor is really betting big on Bitcoin

bitcoin
Altcoin News
bitcoin
Altcoin News

Bitcoin Price Analysis: BTC Eyes $12,000 If 50-day MA Flips Into Support

Bitcoin price climbs above the $11,000 critical level for the first time since the drop to $9,800 in early September. Bitcoin bulls eye the 50-day SMA resistance; if turned into support, the hurdle at $11,374 – $11,702 can be tackled. The flagship cryptocurrency has resumed the uptrend, and for the first time since the drop

Bitcoin price climbs above the $11,000 critical level for the first time since the drop to $9,800 in early September. Bitcoin bulls eye the 50-day SMA resistance; if turned into support, the hurdle at $11,374 – $11,702 can be tackled. The flagship cryptocurrency has resumed the uptrend, and for the first time since the drop

bitcoin etheruem
Bitcoin News
bitcoin etheruem
Bitcoin News

Bitcoin – Ethereum Correlation Witnesses 6-Month Slump

Bitcoin is the undisputed leader and all the other crypto-assets closely follow its valuation. Ethereum [ETH] might be an independent asset with completely different reason d’être from that of Bitcoin, but at times, it also happens to mimic the latter’s price action. In the digital asset market, the king coin being the front runner and

Bitcoin is the undisputed leader and all the other crypto-assets closely follow its valuation. Ethereum [ETH] might be an independent asset with completely different reason d’être from that of Bitcoin, but at times, it also happens to mimic the latter’s price action. In the digital asset market, the king coin being the front runner and

Bakkt
Bitcoin News
Bakkt
Bitcoin News

Bakkt’s Bitcoin Futures Volume Reaches an ATH, Signaling Growth In Institutional Bitcoin Investment

Bitcoin’s consolidating price has proven to be a good sign for the traders to begin accumulating. This trend is also gaining strength among Institutional players as Bakkt noted record daily trading volumes.  Institutional investors and their interest in Bitcoin futures are driving growth on derivatives exchanges like the Chicago Mercantile Exchange and Bakkt. Interestingly, the

Bitcoin’s consolidating price has proven to be a good sign for the traders to begin accumulating. This trend is also gaining strength among Institutional players as Bakkt noted record daily trading volumes.  Institutional investors and their interest in Bitcoin futures are driving growth on derivatives exchanges like the Chicago Mercantile Exchange and Bakkt. Interestingly, the

bitcoin india crypto ban
Regulation News
bitcoin india crypto ban
Regulation News

Ripple CEO Disappointed by India’s Stifling Crypto Ban Revival

Crypto industry executives have voiced disappointment over the continual indecision from the Indian parliament over the future of the digital asset ecosystem within the country. Ripple CEO Brad Garlinghouse was one of the first to respond to a recent report claiming that India plans to introduce a new law banning trade in cryptocurrencies. The fintech

Crypto industry executives have voiced disappointment over the continual indecision from the Indian parliament over the future of the digital asset ecosystem within the country. Ripple CEO Brad Garlinghouse was one of the first to respond to a recent report claiming that India plans to introduce a new law banning trade in cryptocurrencies. The fintech

BTC on ETH
DeFi News
BTC on ETH
DeFi News

Bitcoin Tokenized on Ethereum Approaches $1 Billion

More investors are using their Bitcoin to invest in high yielding DeFi farming incentives as the amount of tokenized BTC has surged to record levels. Tokenized, or wrapped, Bitcoin has gained so much popularity this year that there is almost a billion dollars’ worth of it circulating now. The parabolic surge over the past couple

More investors are using their Bitcoin to invest in high yielding DeFi farming incentives as the amount of tokenized BTC has surged to record levels. Tokenized, or wrapped, Bitcoin has gained so much popularity this year that there is almost a billion dollars’ worth of it circulating now. The parabolic surge over the past couple

bitcoin
Bitcoin News
bitcoin
Bitcoin News

Bitcoin’s Active Address Count Nears ATH; Here’s What It Means

Bulls appeared to be favouring Bitcoin (BTC)’s price movement as it continued to ride high on the charts. The largest cryptocurrency by market cap breached a crucial resistance climbing all the way up to $10,869 after surging by more than 7% over the last two days.  Onchain Switches Bullish: Surging Active Addresses The uptrend seems

Bulls appeared to be favouring Bitcoin (BTC)’s price movement as it continued to ride high on the charts. The largest cryptocurrency by market cap breached a crucial resistance climbing all the way up to $10,869 after surging by more than 7% over the last two days.  Onchain Switches Bullish: Surging Active Addresses The uptrend seems

India-crypto-ban-RBI-CBDC
Regulation News
India-crypto-ban-RBI-CBDC
Regulation News

India Is Considering A Law to Ban Cryptocurrency Trading Again

India, Asia’s third-largest economy is set to introduce another hard-hitting measure on cryptocurrency trading. As part of its next regulatory move, Indian lawmakers are planning to introduce a bill banning crypto trading during its ongoing parliamentary session. Sources familiar with the matter told Bloomberg that the federal government is not keen to have cryptocurrencies functional

India, Asia’s third-largest economy is set to introduce another hard-hitting measure on cryptocurrency trading. As part of its next regulatory move, Indian lawmakers are planning to introduce a bill banning crypto trading during its ongoing parliamentary session. Sources familiar with the matter told Bloomberg that the federal government is not keen to have cryptocurrencies functional

Bitcoin News
Bitcoin News

Bitcoin Spent Output Profit Ratio Shows Bull Market Signal

There are too many Bitcoin metrics to count, but one relatively unknown one is currently flashing a big buy signal, and it has been accurate many times before. The Bitcoin Spent Output Profit Ratio (SOPR) is a metric that determines the profit ratio of BTC moved on-chain. It is calculated from spent outputs with a

There are too many Bitcoin metrics to count, but one relatively unknown one is currently flashing a big buy signal, and it has been accurate many times before. The Bitcoin Spent Output Profit Ratio (SOPR) is a metric that determines the profit ratio of BTC moved on-chain. It is calculated from spent outputs with a

bitcoin
Bitcoin News
bitcoin
Bitcoin News

Bitcoin Price Prediction: BTC Symmetrical Triangle Breakout Aiming For $11,200

Bitcoin bulls remain relentless in the fight for gains above $11,000 following triangle breakout. More upward price action awaits Bitcoin, especially if the resistance between $10,678 and $10,978 is flipped into support. Bitcoin sliced through the resistance at $10,600 on Monday during the American session. The breakout took place following a breather from the gains

Bitcoin bulls remain relentless in the fight for gains above $11,000 following triangle breakout. More upward price action awaits Bitcoin, especially if the resistance between $10,678 and $10,978 is flipped into support. Bitcoin sliced through the resistance at $10,600 on Monday during the American session. The breakout took place following a breather from the gains

bitcoin block stable block
Bitcoin News
bitcoin block stable block
Bitcoin News

Bitcoin’s Falling Price Pushes Traders In The Buying Zone

The Bitcoin market’s roller-coaster movement has left a majority of the community on the edge as its price fell on a 45-day low. Experts and traders in the industry had earlier expected the prices to climb to new records, however, the new immediate supports say otherwise. Despite the Bitcoin price fluctuations, an analysis of the

The Bitcoin market’s roller-coaster movement has left a majority of the community on the edge as its price fell on a 45-day low. Experts and traders in the industry had earlier expected the prices to climb to new records, however, the new immediate supports say otherwise. Despite the Bitcoin price fluctuations, an analysis of the

bitcoin
Bitcoin News
bitcoin
Bitcoin News

Bitcoin’s Deflection To S2F Model Suggests An Undervalued Coin

The Bitcoin market along with the remaining spot is undergoing a seesaw-like movement. This has resulted in the undervaluation of Bitcoin, however, the digital asset was already set on the recovery path. Bitcoin price declined under $10.5k on 13 September, but like its previous trends, the market was currently recovering. The digital asset is being

The Bitcoin market along with the remaining spot is undergoing a seesaw-like movement. This has resulted in the undervaluation of Bitcoin, however, the digital asset was already set on the recovery path. Bitcoin price declined under $10.5k on 13 September, but like its previous trends, the market was currently recovering. The digital asset is being

bitcoin altcoins
Bitcoin News
bitcoin altcoins
Bitcoin News

Bitcoin Price Prediction: BTC free-falls from weekend highs, can the 50 SMA hold?

Bitcoin price fails to sustain the weekend breakout above $10,400, hitting a barrier at $10,600. BTC/USD continues to trend within the toughest seller congestion zone between $10,311 and $10,620 according to on-chain metrics. The flagship cryptocurrency briefly stepped above the stubborn resistance at $10,400 over the weekend where it traded very close to $10,600. Unfortunately,

Bitcoin price fails to sustain the weekend breakout above $10,400, hitting a barrier at $10,600. BTC/USD continues to trend within the toughest seller congestion zone between $10,311 and $10,620 according to on-chain metrics. The flagship cryptocurrency briefly stepped above the stubborn resistance at $10,400 over the weekend where it traded very close to $10,600. Unfortunately,