Category: BITCOIN

By Omkar Godbole

Bitcoin is on the rise toward $12,000, but may face a stiff challenge to cross the price hurdle.

• The leading cryptocurrency by market value is currently trading near $11,900, a 1.2% gain on the day.
• Prices broke out of a descending triangle on Monday, confirming a resumption of the rally from Oct. 8 lows near $10,500 and opening the doors for the psychological hurdle of $12,000.
• “I expect bitcoin to reach $12,000,” Patrick Heusser, senior cryptocurrency trader at Zurich-based Crypto Broker AG, told CoinDesk, noted in his analysis early Tuesday.
• Crypto analyst Lark Davis believes bitcoin is now positioned for a notable rally.

To read more:

By Omkar Godbole

While bitcoin’s dips have found buyers, the cryptocurrency is struggling to clear the important psychological hurdle of $11,000 ahead of the U.S. Federal Reserve’s rate decision due later Wednesday.

• The cryptocurrency found bids near $10,675 during the early Asian trading hours, but faced rejection near $10,940 around 08:00 UTC, according to CoinDesk’s Bitcoin Price Index.
• Bitcoin has failed twice in the past 24 hours to absorb selling pressure just below $11,000.
• At press time, bitcoin is changing hands near $10,850, representing a 0.58% gain on the day.

To read more:

By Billy Bambrough

Bitcoin and cryptocurrency markets have been dominated by decentralized finance, often shortened to DiFi, over recent months.

The bitcoin price, up around 40% since the beginning of 2020, has been left in the dust by the gains made some DeFi project tokens—including yearn.finance (YFI) that’s up a staggering 3,500% in just a little over a month and has surged past bitcoin’s late-2017 $20,000 all-time high.

To read more:

By Billy Bambrough

Bitcoin has got a lot of attention in recent months as a potential hedge against inflation.

In May, famed hedge fund manager Paul Tudor Jones set the cryptocurrency world alight when he revealed he was “betting on bitcoin” to protect against the “unprecedented expansion of every form of money.”

To read more:

By Billy Bambrough

Bitcoin has leaped higher this week, climbing to year-to-date highs and reaching levels not seen since June last year.

The bitcoin price jumped almost 4% on Monday to hit highs of $12,470 per bitcoin on the Luxembourg-based Bitstamp exchange before falling back slightly.

The latest bitcoin rally, adding to gains of around 30% over the last month, came after high-profile day trader Dave Portnoy called for a bitcoin “pump” and data showed that, after Tesla stock, bitcoin was the most viewed asset in the U.S. last month.

To read more:

By Billy Bambrough

Bitcoin, after a long period in the wilderness, has begun to find its place both on Wall Street and with non-financial companies.

The bitcoin price, up 6% on this time last year, has recently surged after trading sideways since early May—topping $11,000 per bitcoin for the first time since last September as nervous investors brace for a bout of inflation due to huge government spending and cash creation designed to offset the economic damage wrought by the coronavirus pandemic.

To read more:

By Charles Bovaird

Bitcoin prices have experienced some modest volatility lately, breaking through $12,000 over the weekend and then declining below this key, psychological level earlier today.

After falling back toward $11,500 this morning, the world’s most prominent digital currency has been fluctuating primarily between $11,800 and $12,000, CoinDesk data shows.

To read more:

By WILLIAM SUBERG

Bitcoin (BTC) is seeing a surge in interest this summer, as consumer awareness is reflected in unique network entities hitting more than two-year highs.

Unique entity growth mirrors 2017 bull run

More unique entities are joining the Bitcoin network as activity increasingly resembles the bull run to all-time highs in 2017. 

According to data from on-chain monitoring resource Glassnode, as of August 4, the average weekly new entity count has returned to 140,000, its highest since early 2018.

To read more:

By Omkar Godbole

Bitcoin investors appear to have shrugged off Sunday’s violent price crash, according to one data metric. 

• In just minutes, prices fell by around $1,400 from over $12,000 to sub-$10,700 levels Sunday.
• The rapid fall crowded out over $1 billion in bullish leverage from the futures market.
• Yet, as the cryptocurrency declined, users withdrew more coins from exchanges than they deposited, suggesting holders were not spooked by the big mover lower.

To read more:

 By REYNALDO

mStable, an Ethereum-based DeFi protocol (ETH), launched its token Meta (MTA) on 18 July this year. The hype surrounding the release was huge, and within just under half a day the token traded at 16 times its original value at $0.15. At the time of its launch, MTA investors received 1,000% of their original investment, with the token price climbing even higher.

At the time of publication, the META token is trading at $3.64, with gains of 9.64% in the last 24 hours and gains of over 2,0000% since its introduction. Messari researcher Ryan Watkins stated via his Twitter account that the token was launched with a new procedure known as “IDO” or initial decentralized exchange offering.

To read more: