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Bitcoin and Altcoins Correct Sharply, Crucial Supports Nearby
11.1.2021
After struggling to gain bullish momentum above USD 40,000, there was a downside correction. BTC declined heavily and traded below the USD 38,000 and USD 36,500 support levels. It traded towards the USD 32,500 support and it is currently (05:00 UTC) recovering towards USD 36,500.
Similarly, there...
Why Ethereum price corrected sharply despite today’s Eth2 milestone
1.12.2020
Ether price declined sharply alongside Bitcoin even as the long-awaited Eth2 mainnet launched successfully
Bitcoin Retreats Sharply From USD 18.5K, Altcoins Drop Too
18.11.2020
Bitcoin price extended its rise above the USD 17,500 and USD 18,000 resistance levels. BTC even broke USD 18,200 and traded close to USD 18,500. The price is currently (05:00 UTC) correcting gains, with many supports on the downside, starting with USD 17,650 and USD 17,500.
Besides, there were...
Major Defi Token Prices Plunge, as Money Moves Back Into Bitcoin
2.11.2020
Major decentralized finance (defi) projects fell sharply in October, with token prices tumbling by between 30% and 56%, as money appears to be moving away from the overhyped space and back into bitcoin. According to Coingecko data, Andre Cronje’s Yearn Finance (YFI) fell fastest, crashing...
Bitcoin Is Undervalued, Fair Value Price Should Be $15,000, Says Analyst
25.9.2020
Bloomberg cryptocurrency analyst Mike McGlone says bitcoin is greatly undervalued, suggesting that its fair value price should currently be somewhere around $15,000. The price of bitcoin (BTC) has see-sawed between $10,000 and $12,400 over the last few weeks, often tumbling sharply following what...
South Korean exchange traffic has risen sharply since June — Is this why?
11.9.2020
The boost may come down to the popularity of one specific token
Bitcoin’s Implied Volatility Falls Sharply Ahead of Jerome Powell Speech
27.8.2020
Bitcoin’s options market foresees little price turbulence in the short-term, even as markets await a key speech from the chairman of the Federal Reserve
Bitcoin Hashrate Falls 25% in 3 Days, Miners Unplug as Floods Hit China
18.8.2020
With heavy rainfalls and flooding hitting Southwest China’s Sichuan province, the global computing power dedicated to mining bitcoin (BTC) has now dropped by about a quarter, as some Sichuan-based miners have been forced to unplug from the network.
The bitcoin computing power, usually referred...
Bitcoin Transaction Fees Soar 550% in a Month, BCH, Dash Transactions Much Cheaper
11.8.2020
The cost of sending a transaction over the Bitcoin network rose sharply over the past month, as the price of the top cryptocurrency climbed higher. According to latest data from Bitinfocharts, the average bitcoin (BTC) transaction fee soared by as much as 547% in the month to August 6, rising from...
Federal Reserve’s Expected Inflation Ramp-Up Drives Institutional Investors to Hedge With Bitcoin
10.8.2020
The U.S. Federal Reserve is expected to ramp up inflation by keeping interest rates low. As the U.S. dollar falls sharply and gold’s price soars, institutional investors are moving their money into alternative investments, including bitcoin. Fed Policies Drive Demand for Bitcoin The Federal...
New Balancer Token More Than Doubles in Price as COMP Drops Sharply
24.6.2020
After an impressive rise – and subsequent fall – in price for Compound Finance’s COMP token over the past weekend, a new contender has already arrived to the DeFi land, making a splash on the first day after it started distributing its new token to users.
The new platform in question is Balancer,...
Bitcoin and Altcoins Recover Sharply, Trading Near Inflection Zone
16.6.2020
Yesterday, bitcoin price extended its decline below the USD 9,200 and USD 9,050 support levels. For a moment, BTC even spiked below USD 9,000, but the bears failed to gain strength. As a result, the price started recovering and it recently jumped more than 4% to test the USD 9,550 resistance...
Long Squeeze Incoming? 3 Reasons Why Bitcoin Price May Correct Sharply
17.5.2020
Despite Bitcoin price repeatedly failing to push above $10,000, the majority of traders are long, increasing the possibility of a long squeeze
Canadian Firm Hut 8 Reports Bitcoin Mined in Q1 Declined 54% Due to Price Volatility
13.5.2020
On Monday, Hut 8 Mining reported that first-quarter revenue rose 5% to $9 million from $8.59 million a year ago after the amount of bitcoin (BTC) extracted plunged sharply. Quarter-on-quarter, revenue fell 14%. For the three months to March 31, 2020, the Canadian bitcoin firm said it mined 1,116...
Iran to Cut 4 Zeros From Its Currency Amid Chronic Inflation and US Sanctions
7.5.2020
Iranian lawmakers have reportedly approved a plan to slash four zeros from the national currency, the rial, which has been falling sharply in value amid chronic inflation and the U.S. sanctions. The official currency will also be replaced. Economists are skeptical about how the changes will affect...
Ripple’s XRP Sales Drop Sharply, ODL Gets Traction
1.5.2020
The XRP-affiliated fintech firm Ripple has once again reduced selling from its massive holdings of XRP tokens, this time reaching its lowest quarterly sales ever.
According to their new report, the first quarter of this year saw XRP sales by Ripple of USD 1.75 million. The new figure comes after...
Crypto M&A and Fundraising Dropped Sharply in 2019: PwC Report
6.4.2020
The value of crypto M&A deals last year dropped by a whopping 76 percent, according to a new report by PwC – down from $1.9 billion in 2018 to $451 million in 2019
Crypto-Mining Attacks Fell Sharply in 2019 but Ransomware Is Trending: Kaspersky
18.12.2019
In the cat-and-mouse game between hackers and users, less-lucrative crypto-mining malware fell out of favor this year
BTC, Altcoin Prices Drop Sharply After Day of Growth, Ripple Moves XRP
4.9.2019
Bitcoin remains comfortably well the USD 10,000 mark. But despite a second day of growth, with prices steadily climbing towards USD 11,000, investors appeared to have been spooked late on Tuesday night (GMT).
A number of popular altcoins had also been showing upward growth, with hints of market...
Bitcoin Price Drops Sharply Below $10K, Marking New Weekly Low
28.8.2019
The price of Bitcoin has sunk below $10,000, sending the currency’s price back to where it started the 30-day period