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“# Bitcoin suddenly slides 4% as BofA predicts a 20% stock market crash ” The price of Bitcoin (BTC) abruptly dropped 4% from the day’s peak on Oct. 30 as the uncertainty in the stock market intensified. With five days left to the U.S. presidential election, Bank of America (BofA) suggested a 20% drop is…
“# Nearly 24% of Ether held on exchanges — three times the percentage of Bitcoin ” Almost one-quarter of Ethereum’s (ETH) circulating supply is held on cryptocurrency exchanges, according to analytics platform ViewBase. The website shows that 26,768,260 ETH are on exchanges, equating to 23.6% with a value of $10.3 billion. Almost 26 million of…
“# Wrapped Bitcoin is now Ethereum’s 6th Largest Token ” Wrapped Bitcoin (WBTC) reached all-time highs today in terms of market capitalization and number of tokens. WBTC is the most popular version of Bitcoin tokenized for use on the Ethereum network. According to the official website, there currently is a record total of 116,885 WBTC,…
“# The Hoff claims to have invented Bitcoin in 12th anniversary video ” Nine celebrities with profiles on the sponsored video-sharing platform Cameo have published messages wishing Bitcoin (BTC) a happy birthday ahead of the twelfth anniversary of the publication of its whitepaper on Oct. 31. The videos were paid for by crypto security firm…
“# Willy Woo: Signs that BTC is decoupling supports its ‘safe haven’ status ” Bitcoin (BTC) has started to decouple from the U.S. stock market index S&P 500 according to crypto statistician Willy Woo. First signs of de-coupling behaviour spotted between BTC and stocks. Buying from an influx of new users provides price support preventing…
“# Here’s why Ethereum bulls don’t care about Friday’s $40M ETH options expiry ” In the last few days Bitcoin (BTC) price rallied within a hair of the $14,000 level and Ether (ETH) followed with a similarly strong performance but the altcoin failed to hold above the $400 physiological support. Bitcoin and Ethereum year-to-date performance….
“# Declining DEX volumes reflect DeFi investors shift to Bitcoin — Data shows ” All eyes are set on Bitcoin (BTC) as the digital asset continues to trek to a new 2020 high. Meanwhile, the hype around decentralized finance projects continues to die down, especially as token prices plummet. Data shows that trading volume for…
“# Bitcoin price spikes 5% to $13.5K shortly after ECB stimulus announcement ” The price of Bitcoin (BTC) increased from $12,920 to $13,600 in four hours, recording a 5% rally. The uptrend coincides with positive developments from the European Central Bank (ECB) and optimistic job data from the U.S. BTC/USD 1-hour chart. Source: TradingView.com Macro…
“# Bitcoin adoption could reach 90% by 2030, investment firm founder claims ” With the recent influx of mainstream financial players into the blockchain space, how long will it take for corporate allocation of Bitcoin (BTC) to become the norm? Brian Estes, founder of investment firm Off The Chain Capital, thinks 10 years. “I think in…
“# Up or down? These Bitcoin price levels hint at the next move from $13K ” Bitcoin (BTC) price has had a tremendous month as the price rallied from $10,500 to $13,800. However, in recent days, momentum is slowing amid rising coronavirus fears. Bitcoin’s price dropped from $13,800 to $12,900 on Oct. 28, making the…