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“# Bitcoin whale clusters show these are the strong support levels ” Since topping out at $19,484, Bitcoin price has struggled to reclaim the $17,000-$18,000 level. As the price continues to decline, traders are targeting key underlying support levels to determine where traders will buy if BTC price continues to fall. The immediate support levels…
“# CME overtakes OKEx as largest Bitcoin futures market ” CME Group has become the world’s largest Bitcoin (BTC) futures market following a surge in open interest over the past month, industry data shows. In a Friday tweet, Arcane Research announced that CME had overtaken OKEx as the world’s largest Bitcoin futures market. Citing data…
“# Price analysis 11/27: BTC, ETH, XRP, BCH, LINK, LTC, ADA, DOT, XLM, BNB ” Bitcoin’s (BTC) rise above $20,000 will have to wait as the price saw a strong correction which and turned away from reaching a new all-time high. Data suggests that whales decided to book profits when Bitcoin was close to $19,000…
“# Decred co-founder explains rationale behind Bitcoin bull and bear cycles ” Since its launch approximately 12 years ago, Bitcoin (BTC) has seen a number of bull and bear cycles, each greater than the last. What drives these cycles, however? Decred co-founder Jake Yocom-Piatt claims that the answer lies within the human brain. “Bitcoin’s bull…
“# What happens to your Bitcoin when you die? ” As cryptocurrency investment becomes more and more popular, long-term investors are increasingly concerned with the uncomfortable question: what happens to your Bitcoin (BTC) when you die? According to a 2020 study by the Cremation Institute, nearly 90% of crypto owners are worried about what happens…
“# Bloomberg lists 5 bullish trends for Bitcoin price despite ‘Thanksgiving crash’ ” Bitcoin (BTC) continues to convert some of its harshest traditional critics from mainstream finance as Bloomberg admits that this bull run is nothing like 2017. In an article on Nov. 27, the publication known for its pessimism highlighted a range of Bitcoin…
“#Facebook reportedly launching Libra cryptocurrency next year” Facebook’s Libra cryptocurrency is set to make its debut in early 2021. The digital token from the world’s largest social network could launch as early as January — albeit in a scaled-back form, the Financial Times reports. The Geneva-based Libra Association that will issue the stablecoin will launch…
“# Exchanges outdo auctions for governments cashing in criminal crypto, says exec ” Earlier this week, Lithuania’s tax service, the Lithuanian State Tax Inspectorate, added $7.6 million dollars to the state budget through the sale of cryptocurrencies seized in criminal investigations. The occasion marked the first time that the Lithuanian government liquidated confiscated cryptocurrencies. In…
“# Bitcoin price dives back under $16,900 as whale deposits spike again ” The price of Bitcoin (BTC) dropped below $16,900 again on Nov. 27 across top exchanges, including Binance. The recent pullback comes as whale exchange deposits started to increase. Ki Young Ju, the CEO of CryptoQuant, reported that the All Exchange Inflows Mean…
“# Wallets with less than 1 BTC account for just 5% of Bitcoin’s market cap ” New data suggests that “wholecoiners” — Bitcoin wallets holding 1 BTC or more — now account for 95% of the cryptocurrency’s entire capitalization. That leaves just 5% of the market cap divided among tens of millions of users with…