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When all-time high? Bitcoin traders lose confidence as BTC price slumps
12.5.2021
Bitcoin adoption continues to increase but derivatives data shows retail and professional traders are reluctant to build new bullish positions
Pro traders buy the Bitcoin price dip while retail investors chase altcoins
4.5.2021
Data shows pro traders are heavily accumulating the current dip in Bitcoin price while retail investors are occupied with trading altcoins
Almost half of Bitcoin hash rate signaling for Taproot activation
4.5.2021
Major Bitcoin miners have begun signaling for Taproot activation that will improve scalability and privacy for the largest crypto by market capitalization
Blockcap plans to have 50K Bitcoin miners operational by 2023
3.5.2021
Executive chair and founder Darin Feinstein said the firm plans to make the U.S. a global leader in making blockchain technology mainstream
Danske Bank Lowers Negative Rate Threshold, Denmark’s Business Minister Says ‘Enough is Enough’
3.5.2021
On April 26, 2021, the Danish multinational banking and financial services corporation Danske Bank published a press release explaining that the institution has changed the threshold for personal customers and standard interest rates for business customers in Denmark. The Bank plans to lower...
Fed Chair Jerome Powell Says Dogecoin and Gamestop Hype Highlights ‘Froth in Equity Markets’
30.4.2021
Federal Reserve Chair, Jerome Powell, discussed a number of topics this week such as inflation and central bank digital currencies (CBDCs) following the multi-day Federal Open Market Committee (FOMC) meetings. The central bank’s lead executive was asked about feverish stocks like Gamestop...
Fed to Keep Rates Near Zero, Treasury Purchases to Continue, Powell Expects ‘Transitory’ Inflation
29.4.2021
In a policy meeting on Wednesday, the U.S. Federal Reserve told the public that monetary easing will continue and the benchmark interest rate will be kept near zero. Just like previous statements from Federal Open Market Committee (FOMC) members, the committee within the central bank is...
Bitcoin funding rate flips negative after $48K retest — Was it a bear trap?
24.4.2021
Bitcoin price is more than 20% away from its all-time high, but the current negative funding rate on BTC futures might give bulls a unique advantage
Joe Biden’s Proposal to Double Capital Gains Tax Rate Shakes Financial Markets
23.4.2021
The Biden administration has revealed plans to raise taxes on investors who are millionaires according to a flurry of recent reports. President Joe Biden wants to overhaul the U.S. economy in order to help fund American childcare and education. Biden’s proposal will almost double the current...
Nigerians Shun Local Currency— Seek to Protect Wealth From Inflation and Currency Depreciation with Foreign Currency
23.4.2021
Nigerians are thought to be accumulating foreign currencies which they believe will protect their wealth from the naira’s volatility as well as the surging inflation. Further, as a research paper in a journal published by the Central Bank of Nigeria (CBN) found, Nigerians’ use...
Square’s Cash App raises minimum Bitcoin withdrawal to 0.001 BTC
22.4.2021
A 0.01 BTC withdrawal is equivalent to around $51.80 based on current prices
2 Cents per Kilowatt Hour: Bitfarms to Launch a 210 MW Bitcoin Mining Operation in Argentina
21.4.2021
The Canadian publicly traded bitcoin mining company Bitfarms has announced a deal that will see the company developing a 210 megawatt (MW) mining farm in Argentina. Bitfarms says that the company was able to secure a low electricity rate at $0.02 per kWh during the contractual period....
Bitcoin transactions fees in US dollars near all-time high levels
20.4.2021
The latest spike in BTC transaction fees comes amid a major decline in the Bitcoin network hash rate
Did a massive Chinese power outage cause Bitcoin’s crash down to $50k?
19.4.2021
On-chain analyst Willy Woo argues a massive power outage in Chinese mining hub Xinjiang drove Bitcoin’s violent crash down to $50,000
Peak fear? Bitcoin funding rates crash to lowest levels in 7 months
18.4.2021
The funding rate of Bitcoin dropped to a level unseen since September 2020, signaling fear in the market
Bitcoin hash rate hits record 200 EH/s in fresh BTC price bull flag
16.4.2021
The old adage "price follows hash rate" may be about to see one of its biggest tests in the past twelve years
Retail traders become 'sitting ducks' as sell-off triggers $1.4B liquidation
7.4.2021
Retail traders have been using high leverage throughout the current bull market, but that's not the real reason for today's market-wide sell-off
Whale clusters suggest that this key Bitcoin level can trigger an explosive rally
6.4.2021
Bitcoin whale clusters show $57,046 and $60,045 are the crucial support and resistance levels in the short term
The Turkish Lira Plunges Following Removal of a Central Bank Governor, BTC Searches up
23.3.2021
The Turkish lira currency plunged by more than 10% on March 22 after the country’s President Recep Tayyip Erdogan unexpectedly fired Naci Agbal, the country’s central bank governor. Having initially touched a new low of 8.280 a dollar, the lira recovered to close at 7.75 a dollar...
3 reasons why Bitcoin traders keep a close eye on the futures funding rate
22.3.2021
Analysts frequently correlate a high perpetual futures funding rate with market crashes, but is this the best way to analyze the metric?