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“# Bullish case for Ethereum strengthens as exchange ETH outflows outpace Bitcoin ” Ether (ETH) reserves on exchanges are continuing to decline despite being at historic lows. This trend indicates a supply shortage of ETH across major trading platforms following the release of an Ethereum 2.0 deposit wallet for staking. As Cointelegraph previously reported, staking…
“# Bitcoin is now worth more than Visa and Mastercard combined ” Bitcoin (BTC) did more than hit $60,000 per coin last week — it also became worth more than the world’s three biggest banks combined. According to publicly available data, the largest cryptocurrency surpassed the three highest-valued global banking giants by market capItalization. Bitcoin…
“# Bitcoin bulls take a breather while BTC price slips below $55,000 ” Bitcoin price sold off on March 15 as bears pushed the price back into the mid-$50,000 range a few days after (BTC) hit a new all-time high above $61,000. Data from Cointelegraph Markets and TradingView shows that Bitcoin price dropped as low as $54,600…
“# Price analysis 3/15: BTC, ETH, BNB, ADA, DOT, XRP, UNI, LTC, LINK, BCH ” The 2017 Bitcoin (BTC) bull run was led by retail traders, long-term crypto believers and Bitcoin whales. However, the tide turned in 2020 as institutional investors became the catalyst for the latest crypto bull run. However, data compiled by JPMorgan…
“# Bullish uptrend intact as Bitcoin futures open interest hits $22.5B ” Bitcoin (BTC) price has rallied 22.5% in March, but as the price moved up, some buyers began to use excessive leverage, according to derivatives data. Meanwhile, futures open interest reached a $22.5 billion record-high, causing investors to question how sustainable the current rally…
“# Survey says Americans could spend up to $40B from stimulus on Bitcoin ” Many Americans are expected to receive $1,400 checks following U.S. President Joe Biden signing a $1.9 trillion stimulus package into law last week. New polling suggests that much of these funds could end up in the crypto market. A survey released…
“# Can Bitcoin whale deposits to exchanges actually predict BTC price? ” Traders are increasingly checking on-chain data to “predict” both the short-term and long-term price trend of Bitcoin (BTC) using such platforms as CryptoQuant, Glassnode and WhaleAlert. Particularly, data points such as Bitcoin exchange inflows, outflows, and stablecoin inflows are actively used by traders…
“# Oakland A’s major league baseball team now accepts Bitcoin for suites ” The Oakland A’s — the San Francisco East Bay ballclub at the heart of the Academy Award-nominated 2011 movie Moneyball — is greeting the new season with a Bitcoin-friendly offer for their fans. Until April 1, the club is offering a full…
“# $60K meets whale sellers: 5 things to watch in Bitcoin this week ” Bitcoin (BTC) begins a new week riding high near record price levels — can it sustain the gains much longer? After a roaring weekend, the largest cryptocurrency is seeing mixed results prior to Monday’s Wall Street open. Cointelegraph takes a look…
“# Top 5 cryptocurrencies to watch this week: BTC, ETH, VET, XMR, FTT ” Bitcoin (BTC) has risen more than 1,000% since March 2020 and this shows that the digital asset has outperformed traditional asset classes like equities, commodities and bonds by a massive margin. The resilience of Bitcoin even after the sharp rally continues…