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Stimulus Is Failing: Global Banks to Break Support Levels, US Dollar Plummets to 2-Year Low
31.7.2020
Central banks worldwide have injected further stimulus into the economy, as European Union (EU) leaders recently approved a $2.1 trillion budget, the Bank of England boosted stimulus injections in mid-June, and the Federal Reserve announced on Wednesday that it would keep lending until the end...
Bitcoin Exchange Reserves Drop to a 12-Month Low Fueling Bullish Optimism
30.7.2020
The number of bitcoin held on exchanges has touched a 12-month low, as bitcoin exchange balances have reached levels not seen since June 2019. According to onchain statistics, there’s more than 2.6 million BTC held on global trading platforms worldwide. Data from a number of sources show that...
93% of Bitcoin’s Supply Profitable at $11K, ‘Realized Price’ Recovers from Black Thursday
29.7.2020
Onchain data shows that bitcoin’s breakout above $11,000 puts 93% of the circulating supply in a state of profit. Additionally, seven-day metrics show that bitcoin’s “realized price” has recovered from the low that took place on March 12. The research and analysis firm...
Bitcoin Futures Trading Volume Slips to 3-Month Low on CME
20.7.2020
Trading activity in bitcoin futures listed on the Chicago Mercantile Exchange has cooled as the top cryptocurrency languishes in the price doldrums
Venezuela Bans Bitcoin Mining Operations in the Country’s Public Housing Sector
18.7.2020
According to the Venezuelan Minister of Habitat and Housing, the government has banned mining operations in any low-income neighborhoods with subsidized housing. Ildemaro Villarroel told the public the restrictions are due to “high power consumption” in those areas. The United Socialist...
Miner Hoards: Q2 Bitcoin Mining Supply Outflow Touches 12-Month Low
17.7.2020
Onchain data shows that bitcoin miners are hoarding despite the 50% loss in revenue that started on May 11, during the third reward halving. The seven-day average of bitcoin miners’ outflow volume and mining funds sent to exchanges remains significantly low. Roughly four weeks ago on June...
Bitcoin’s Active Supply Hits 19 Month Low — Is It Bullish or Bearish?
17.7.2020
Bitcoin’s active supply has hit a 19-month low, mirroring the setup before the 2017 bull run
Crypto Exchange Open Interest Rises as Bitcoin Volatility Drops to New Low
16.7.2020
Open Interest for crypto futures are rising at Bybit despite Bitcoin’s record-low volatility
Twitter Hackers Ridiculed as ‘Low IQ,’ but Implications Remain Serious
16.7.2020
Jack Dorsey, CEO of Twitter. Source: a video screenshot, Youtube/Ted
Despite being criticized by some for having a “super low IQ,” the hackers behind last night’s Twitter attack may have accomplished something with far more serious implications than mere financial gain.
Following the attack, where...
Macro Indicators Predict BTC Rally as Bitcoin Price Volatility Sees 3-Year Low
15.7.2020
Four macro indicators suggest a Bitcoin uptrend is near, following nearly two months of stagnation in a tight range
Tesla ‘Eating Bitcoin’s Lunch’ as Realized Volatility Hits 3-Year Low
15.7.2020
30-day realized volatility for Bitcoin drops to its lowest levels since 2017, while Tesla beats performance at over $1,500
Vulgar Crypto Index (Rhymes With ‘Bitcoin’) Hits All-Time High
13.7.2020
A novel index of 50 low-capitalization cryptocurrencies made new all-time highs as it continues to outperform bitcoin
Bitcoin Balances on Exchanges Reach New Low
10.7.2020
Bitcoin (BTC) balances held on exchanges continued down, reaching a 13-month low today. Meanwhile, a blockchain analyst suggested investors should use caution in how they interpret on-chain data.
The new low in exchange balances was reported by blockchain analytics firm Glassnode, which said...
Low Ether Volatility: No Trader Interest or Calm Before the ETH Storm?
9.7.2020
Although Ether has seen its transaction volumes surge and active addresses skyrocket, its price has failed to spike in the past month
Market Wrap: With Low Volatility, Traders Seem to Like $9,000 Bitcoin
7.7.2020
Bitcoin traders love hitting buy on their terminals when the price is around $9,000
Crypto Exchanges See Big Drop in Volumes as Bitcoin Volatility Approaches 2020 Low
7.7.2020
Crypto exchange volumes could continue falling should volatility remain at these low levels, said CryptoCompare CEO Charles Hayter
Crypto Derivatives Volumes Crash 36% to $393 Billion in June, a Low for 2020
7.7.2020
Crypto derivatives trading volumes plunged 36% to $393 billion in June, the lowest they have reached in 2020, according to a new report by Cryptocompare. The decline may be the result of a lull in investor interest in the instruments during the month in review. In May, derivatives – contracts...
Bitcoin Volatility Hits Three-Year Low, Sparking Fears of Massive Sell-Off
6.7.2020
The cryptocurrency data analytics and research company, Skew has warned that bitcoin could see a massive sell-off due to declining volatility. The data analytics firm says that bitcoin (BTC) realized volatility hit 20% over the past 10 days – it’s the lowest 10-day reading in nearly...
Bitcoin’s 5% Drop in Value Puts Pressure on BTC Mining Operations and Older ASIC Rigs
1.7.2020
During the last seven days, the price of bitcoin has dropped 4.8% from a high of $9,700 on June 24, to a low of $8,965 on June 27. Since then the price has increased and the price per bitcoin is back above the $9k zone but much lower than before. The lower price has affected […]
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Chances of Indian Crypto Ban Low Compared to 2019, Says Crypto Veteran
29.6.2020
The CEO of CoinSwitch shares his insights about the possibility of a cryptocurrency blanket ban in India