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“# EToro warns users it’s running out of crypto to trade due to ‘unprecedented demand’ ” Israel-based exchange platform eToro is struggling to keep up with the demand from crypto traders according to an email sent to users earlier today. “The unprecedented demand for crypto, coupled with limited liquidity, presents challenges to our ability to…
“#Meet the Bitcoin investors who got insanely rich off crypto” It’s the revenge of the tech nerds. “I got my first bitcoin in December 2012, as a gift,” said John Ratcliff, a video game developer who lives near Pikes Peak in Colorado. Back then, the novel token was worth a measly 13 bucks. “I sort…
“# Bitcoin price rally to $37,850, signals that bulls intend to reclaim $40K ” Bitcoin (BTC) price broke through the $35,000 resistance and appears to be stepping into a new range that would see the price trade between $38,000 to $40,000. Today’s recovery from the $34,000 level also appers to have invalidated what looked to…
“# CME’s Bitcoin futures facilitated over 11 million BTC in volume last year ” The Chicago Mercantile Exchange, or CME, recorded significant volume for its Bitcoin (BTC) futures trading product over the course of last 12 months. “More than 2.2+ million contracts were traded in 2020,” a CME representative told Cointelegraph. Each cash-settled Bitcoin futures contract…
“# Price analysis 1/13: BTC, ETH, XRP, LTC, ADA, BCH, DOT, XLM, LINK, BNB ” The top 100 richest Bitcoin (BTC) addresses have added 334,000 Bitcoin to their existing holdings over the past 30 days, a clear signal that whales and institutional-size investors bought the dip. A positive sign is that most of them have…
“# Bitcoin price stuck at $32K–$35K: Likely outcomes of BTC ‘flush’ drop ” In the short term, the crucial technical resistance level is $35,500. Throughout the past 24 hours, Bitcoin has continuously rejected at that level. When Bitcoin rose to around $35,500 on Binance earlier on Jan. 13, it saw an 8% drop shortly thereafter,…
“# Another $1 billion wipeout: Why is Bitcoin seeing extreme price moves? ” Nearly $1 billion worth of Bitcoin (BTC) futures contracts were liquidated on Jan. 13, a day after the big shakeout. The continuous loop of liquidations is causing extreme volatility and large price swings in the cryptocurrency market. Total Bitcoin liquidations. Source: Bybt.com…
“# Four cryptocurrency block reward halvings to look out for in 2021 ” Block reward halvings cut the rate at which new coins are generated on a given blockchain by 50%. Such events, known jokingly as “halvenings,” have long been anticipated by cryptocurrency traders as catalysts for pushing up the price of their cryptocurrency holdings….
“# Arxnovum files Bitcoin ETF application with Canadian securities regulators ” Canadian investment fund manager Arxnovum Investments has filed a prospectus for a new Bitcoin (BTC) exchange-traded fund, or ETF, in Canada. On Jan. 11, the company filed a stack of preliminary documents for the Arxnovum Bitcoin ETF with Canada’s Ontario Securities Commission. According to…
“# ‘Drive your lambos to the moon,’ says Lindsay Lohan in crypto promotion video ” The crypto bull season, and the accompanying hype, is undoubtedly upon us. Recalling some of the celebrities who got in on crypto during the historic winter 2017 market, actress Lindsey Lohan has now recorded a paid, promotional video for Bitcoin…