Bitcoin's reputation as a safe haven asset has long been disputed by the world of traditional finance. Its lack of centralized control, extreme price volatility, and novelty made it hard to categorize as inflation-proof or recession-proof. However, in the past year we've seen that in times of uncertainty, investors keep choosing Bitcoin over fiat....
Bitcoin, in October last year, registered an average closing price of $58,051. It enters the first day of the same month this year with far less value, trading at $19,358 as of this writing, according to tracking from CoinGecko. Bitcoin is currently trading above the $19,000 mark In October, 2021, Bitcoin traded above...
Software company MicroStrategy might be expanding its adoption of Bitcoin. Earlier today, the company published a listed job offering for a Bitcoin Lightning Software Engineer hinting at a new project based on the cryptocurrency. In 2020, MicroStrategy attracted attention as it became one of the first U.S. publicly...
U.S. Citizens might be able to invest in Bitcoin and digital assets as part of their pension and retirement plans, according to the Retirement Savings Modernization Act. Introduced by U.S. Senators Pat Toomey, Tim Scott, and Representative Peter Meijer. The bill was created to allow American citizens to “diversify” those assets...
Margin trading allows traders to magnify their exposure to markets by borrowing capital from a third party, usually a broker. While margin trading has been used in traditional financial circles for decades, the investing approach has recently found its way to crypto as well.
Bitcoin (BTC) trading volumes against the British pound (GBP) surged to a new high after the Sterling wobbled on Tuesday, prompting market experts to speculate that investors scrambled to dispose of the Pound in exchange for Bitcoin or to profit from arbitrage. The British pound reached a record low against the U.S. dollar, according to data compiled by the Kaiko Research team, after...
Since the inception of bitcoin, bull and bear markets have been a natural part of its growth. However, like with anything that lasts a long time, the market has evolved, and so has the concentration of various things in the market. One of these changes has come in the form of the funding rates and what portion of it was controlled by different...
Data shows most of the public Bitcoin mining companies have been accumulating losses during their lifetimes. Bitcoin Mining Firms Have Been Losing Money Over The Years As per the latest weekly report from Arcane Research, out of the public miners in the red, Core Scientific has especially large losses of $1.3 billion. The relevant concept here is of "retained...
India’s law enforcement agency Directorate of Enforcement (ED) froze over $1,5 million deposited in crypto exchange Binance. The funds were deposited in Bitcoin via a transaction tie to crypto exchange WazirX and the Mobile Gaming App called E-Nuggets. According to a press release from the...
The FOMC meeting has been done and dusted, but its impact on the price of bitcoin has left a lasting market. Where the market had expected volatility following such an important meeting for the financial market, it was steeper than expected. Looking back, it has been one of the most volatile that the market has been and a new record for the FOMC...
Bitcoin (BTC) might have lost 72% of its value over the past ten months; however, the digital currency remains strong compared to other major currencies that dictate the world economy.
Over the past couple of months, Bitcoin price has been dealing with a narrow trading range trying its best to make a full recovery after plummeting into a series of dips. Bitcoin repeatedly failed to move past the $25K mark Almost 22,000 predicted its price to soar next month Worst-case scenario for Bitcoin...
Data from Glassnode shows the Bitcoin profit in supply held by short-term holders has been going down for 431 days now. Bitcoin Short-Term Holder Supply In Profit Has Been In Compression Phase Recently According to the latest weekly report from Glassnode, the STH supply in profit usually goes through three phases each cycle. The "...
Crypto exchange FTX President for its U.S. subsidiary Brett Harrison announced his resignation from his position. Via his official Twitter account, Harrison confirmed that he will be “transferring” his responsibilities and taking on the role of advisor for the U.S. crypto exchange platform. The former FTX President was hired in 2020 as the company was...
Key takeaways: DeFiChain has announced the listing of the DFI token on the Gate.io cryptocurrency exchange platform The ERC-20 version of the DFI token will start trading immediately against USDT....
After a plunge of almost 20% between 15 August and 25 September, Bitcoin stabilized near the $19,000 level on Monday. However, Bitcoin whales kept dumping the world’s most valuable crypto asset during the recent market correction, according to the data published by Santiment.
The data shows that Bitcoin addresses holding between 100 and 10,000 coins now own about 45.72% of the total active BTC...
Bitcoin and gold are both valuable assets that can be used to protect against inflation; nevertheless, there are important differences between the two in terms of their history, accessibility, and other sources of demand. Gold, undoubtedly, has a lengthy history and solid basis, while Bitcoin has barely more than a decade of existence to prove its worth as an inflation hedge. In November...
On-chain data shows some old Bitcoin supply has recently been moved into exchanges, something that could be bearish for the crypto's price. Bitcoin Exchange Inflow CDD Has Spiked Up Over The Past Day As pointed out by an analyst in a CryptoQuant post, the long-term holders have deposited some coins to exchanges over the last day....
Due to uncertainty and volatility, the crypto winter is a tough period for investors. It makes it more difficult for investors to manage their portfolios as they have to balance finding new opportunities and protecting existing investments from liquidations. This balancing act can leave the smartest investors in a bit of a conundrum.
On-chain data shows the Bitcoin spot trading volume has remained elevated recently as the price of the crypto has observed deep discounts. Bitcoin Spot Trading Volume Continues To Be Near Yearly Highs According to the latest weekly report from Arcane Research, the current BTC spot volume is sitting at a value of $10.8 billion. The "...
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