Tag: btcusd

Dec 07 2021

Data: Bitcoin Crash Flushed Out $5.4B In Futures Within Hours

Data shows the Bitcoin crash from a few days ago flushed out $5.4 billion from futures open interest within the matter of hours. Cascade Of Long Liquidations Lead To 24.5% Reduction In Futures Open Interest As per the latest weekly report from Glassnode, when the price of Bitcoin crashed down to $42k a few days back, futures open interest dropped by around...

Bitcoin Mining Stocks See Substantial Drawdown Post December Crypto Selloff

Dec 07 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd

Bitcoin faces resistance in low timeframes as it attempts to move up the $50,000 levels. After the weekend crash, the benchmark crypto has struggled to recover and seems to be lagging when compared to other cryptocurrencies....

Grayscale: 77% of US investors are ‘more likely’ to tap into crypto if SEC approves Bitcoin ETF

Dec 07 2021 Published at CryptoSlate under tags  adoption btcusd investments regulation

While more than a quarter of American retail investors already have Bitcoin (BTC) in their portfolios, this number would likely be much higher if the U.S. Securities and Exchange Commission (SEC) approves a spot-based Bitcoin exchange-traded fund (ETF), according to Grayscale Investments. Per the third annual...

Crypto FUD: Debunking Myths Surrounding Upcoming New Indian Crypto Bill

Dec 07 2021 Published at Coingape under tags  blockchain news btcbrl btcbusd btcdai btceur

The Indian cryptocurrency bill has brought a ton of hype and speculations around the government's probable regulatory path. Many mainstream and reputable media houses have been found peddling false narratives and fear- mongering, despite the Indian Finance Minister's assurance regarding a positive approach. The latest FUD surrounding the Indian crypto bill is regarding possible jail terms The post Crypto FUD: Debunking Myths Surrounding Upcoming...

Whale Re-accumulation Pushes Bitcoin (BTC) Above $51,000, Broader Market Recovers

Dec 07 2021 Published at Coingape under tags  bitcoin news bitcoin whales btcbrl btcbusd btc.d

After a brutal sell-off over the last four days, the world's largest cryptocurrency Bitcoin has shown a healthy bounce back gaining 5%. The Bitcoin price has surged back above its 200-day moving average of $50,000. As of press time, BTC is trading 4.36% up at a price of $51,230 with its market cap just short The post Whale Re-accumulation Pushes Bitcoin (BTC) Above...

Dec 06 2021

Why Satoshi Nakamoto’s Impostor Craig Wright Must Pay $100M In Damages

Dec 06 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd

The self-proclaimed Bitcoin inventor Craig Wright has been engaged in legal battles for years. One of the most prominent was the one carried out by Ira Kleiman, brother of Wright’s late partner David Kleiman, over the whereabouts of 1 million BTC mined by Satoshi Nakamoto, the pseudonym behind BTC’s creation. Related Reading |...

Quant Explains How This Bitcoin Crash Is Different From May’s

Dec 06 2021 Published at Bitcoinist.com under tags  bitcoin bitcoin crash btc btcusd

A quant has explained how the Bitcoin exchange reserve on-chain indicator differs between the current crash and that of May's. After Spiking Ahead Of The Crash, Bitcoin Exchange Reserves Have Resumed Downtrend As explained by an analyst in a CryptoQuant post, the current trend in BTC exchange reserves is quite different...

Why Peter Brandt Believes Bitcoin’s Downtrend Was Engineered

Dec 06 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd

After a brutal weekend for the bulls, Bitcoin is yet to stabilize around the high area of its current levels. As of press time, BTC’s price trades at $48,727 with a 2% profit in the past 24 hours and a 14.9% loss during the past week. Related Reading | Bitcoin Trends To...

Europen Markets Make a Positive Rebound to Start the Week, Can Crypto Follow?

Dec 06 2021 Published at Coingape under tags  altcoin news bitcoin news btcbrl btcbusd btcdai

The crypto market had another volatile day in the wake of the recent flash crash as Bitcoin (BTC) failed in its attempt to conquer $50K. Crypto markets volatility was also attributed to the decline in the Asian stock market during the morning hours which led to a decline of 3-10% for the top cryptocurrencies. Bitcoin The post Europen Markets Make a Positive Rebound...

El Salvador President Bought the Bitcoin (BTC) Dip and Now We Have an ongoing Twitter War

Dec 06 2021 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

The crypto market saw the most unexpected crash over the weekend, experiencing the highest liquidation recorded in past 15months, with more than $2.5 billion worth of leveraged positions getting liquidated in merely 24-hours. While the market cap dropped by nearly 20% with the loss of over $500 billion, Bitcoin enthusiast and the Salvadoran President, Nayib Bukele The post El Salvador President Bought the...

Crypto India: Nation’s Biggest Crypto Exchange Just Opened an Account with This Banking Giant

Dec 06 2021 Published at Coingape under tags  blockchain news btcbrl btcbusd btcdai btceur

As the air cleared around crypto ban speculations in India, it appears that a pro-crypto wave is about to hit the developing nation's markets. The exclusive update revealed that Kotak Bank has allowed India's biggest crypto exchange, WazirX to open an account with the financial institution to facilitate both, credit and debit for investors trading on The post Crypto India: Nation’s Biggest Crypto...

Dec 05 2021

Billionaire investor signals disdain for Bitcoin while admitting admiration for China’s ban

Dec 05 2021 Published at CryptoSlate under tags  btcusd people

Speaking virtually at the Sohn Conference in Sydney on Friday, Charlie Munger when asked for his opinion on China and its ban he agreed with the policy of the nation, praising the Chinese government for its action. Munger called Bitcoin disgusting only a few months ago Speaking out...

Dec 04 2021

SEC Chair says he doesn’t support Bitcoin’s “off-the-grid” approach to finance

Dec 04 2021 Published at CryptoSlate under tags  btcusd regulation

SEC Chair Gary Gensler finally reveals his stance on Bitcoin by saying he doesn't support its "off-the-grid" approach to finance. "In 2008, Satoshi Nakamoto wrote this paper in part as a reaction, an off-the-grid type of approach. It’s not surprising that...

China Crypto Ban: This Province Just Hiked Electricity Prices for Crypto Mining Activities

Dec 04 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

Since China's central government levied cryptocurrency mining as an obsolete industry, smaller provinces are beginning to follow the electricity price hike rule for crypto mining activities. According to the Chinese Journalist, Colin Wu, Hainan Province just announced the implementation of higher electricity price of US$0.13 (0.8 yuan) per kilowatt-hour for cryptocurrency mining operations in the The post China Crypto Ban: This Province Just...

Here’s What Led to the $500 Billion Crypto Market Mayhem Earlier Today

The crypto market recorded its worst day in six months as the majority of cryptocurrencies bled out in double digits. The crypto market mayhem saw the biggest liquidation day in 15 months as over $2.5 billion worth of leveraged positions got liquidated over the past 24-hours. The overall market cap fell by nearly 20% with The post Here's What Led to the $500...

FTX Crypto Exchange Proposes 10 Key Principles for Regulating the Crypto Market

Dec 04 2021 Published at Coingape under tags  blockchain news btcbrl btcbusd btcdai btceur

The discussion around crypto regulations in the US is currently at its peak and after Ripple, now FTX, another popular crypto exchange platform has come out with a list of principles to help Federal agencies regulate the crypto market. FTX released a blog titled "FTX’s Key Principles for Market Regulation” with ten key proposals that The post FTX Crypto Exchange Proposes 10 Key...

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