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Bitcoin News Roundup for Aug. 17, 2020
17.8.2020
With bitcoin’s hashrate reaching record highs and litecoin hoping to Mimblewimble its way into new users' wallets, CoinDesk's Markets Daily is back with your latest crypto news roundup!
Bitcoin Price Hits 13-Month High of $12,200, Liquidating $22M Shorts
17.8.2020
A sudden charge to $12,200 causes instant pain for shorters as one analyst described it as a “clear fake-out to take liquidity.”
First Mover: Litecoin and Mimblewimble, Ether Futures, Chainlink, Curve
17.8.2020
Litecoin's Mimblewimble upgrade sparks optimism, Ether futures hit records, Chainlink developers take profits
Bitcoin Bull Market Things? Top Exchange Volume Soars to $334B in July
17.8.2020
The volume of top-tier cryptocurrency exchanges has increased to $334 billion in July as Bitcoin’s price climbed by 30%
Bitcoin Price Holds Below $12K Even as Hash Rate Hits All-Time High
17.8.2020
Bitcoin's hash rate has soared to record highs, some analysts say it might kick the price out of its rut
Litecoin Gets Bullish Speculation, at Last, as Upgrade Approaches
17.8.2020
"The upcoming privacy upgrade would leave litecoin valuations around all time highs," one industry analyst said
Spot Markets Target Top-Tier Exchanges While Derivatives Gain Market Share
17.8.2020
July saw a major shift towards top-tier exchanges on spot markets, while derivatives volumes continue to eat into spot volumes market share
Bitcoin Price Gold Correlation Crashes 20%: 5 Things to Know This Week
17.8.2020
Bitcoin’s network fundamentals are as bullish as ever, but $12,000 may spark a retest of lower price levels, an analyst warns
Lockdown Life & Darknets: BTC Still the DNM King, Cashaa’s Stolen Coins Sent to Hydra, Cannabis Sales Surge
17.8.2020
During the last six months, the Covid-19 outbreak has caused a lot of disarray in the world and one thing is for sure, the use of darknet markets has surged. While the citizens of the globe have been locked down, cannabis sales have skyrocketed and the dollar value of bitcoin transactions done...
ETH Options Data Suggest $500 Ethereum Price is Closer Than It Seems
17.8.2020
Ethereum price has stalled below $440 but ETH options and futures data suggest that $500 is closer than it might seem
Crypto Long & Short: The Surprisingly Sunny Outlook for Crypto Hedge Funds
16.8.2020
Bitcoin returns are beating crypto hedge funds, but other recent developments point to more favorable tailwinds for those funds in the long term
Top 5 Cryptocurrencies to Watch This Week: BTC, ETH, EOS, XTZ, ATOM
16.8.2020
Bitcoin is nearing the end of its consolidation phase and the resulting move will determine if altcoins continue to outperform BTC price in the short term
$217 Million Pour Into Grayscale’s Crypto Funds Following Bitcoin TV Ad Campaign
16.8.2020
Grayscale Investments announced that it has raked in record investments of $217 million the week its TV commercial campaign launched. The company’s crypto TV commercial kicked off on CNBC, MSNBC, FOX, and FOX Business. Following Grayscale, Michael Novogratz’s Galaxy Digital places...
Bitcoin ‘Whale Clusters’ Show $14K as Pivotal for BTC Price Bull Run
16.8.2020
Whale clusters show the $12,000 to $14,000 range is a key area for Bitcoin in the near-term, according to one popular analyst
Bulls Stampede Toward $12K Bitcoin Price as Weekly Close Approaches
16.8.2020
Bitcoin price continues to meet resistance at the $12K level, will bulls break through it before the weekly close?
15 Ways to Stay Sane While Trading Crypto
16.8.2020
24/7 markets. Big price swings. Hacks. Trading crypto can be tough on the nervous system. Here, based on interviews with leading traders, are tips for maintaining equilibrium
Record Ethereum Network Use and Gas Fees Pose Risk to DeFi Expansion
15.8.2020
Ethereum network use and transaction fees are rising to record highs, will this interfere with DeFi’s current expansion?
Ether’s Rally to 25-Month High on DeFi Boom Drives Record Demand for Derivatives
15.8.2020
Record open interest in ether derivatives suggests the recent price rally has legs
Novogratz Says Biden and Harris Good for Country, Bad for Markets
15.8.2020
The upcoming election is a big deal for financial markets
Bitcoins Are Being Tokenized Faster Than They’re Mined as DeFi Craze Continues
15.8.2020
The decentralized finance craze is causing demand for tokenized bitcoin to surge