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“# Coinbase would have earned $2B just buying Bitcoin with its seed money ” The United States’ biggest crypto exchange would have made more money by simply buying and holding Bitcoin (BTC) in 2013. Data circulating on social media reveals that despite Coinbase’s $800-million profits in Q1, the company would still be richer had it…
“# New Kind of Network (NKN) gains 340% to become ‘the biggest blockchain in the world’ ” One telltale sign of a growing altcoin season is when obscure and lesser-known projects start putting on face-melting gains as traders scramble to jump on the rising price. New Kind of Network (NKN) has emerged over the past…
“# Polkadot futures open interest hits $1B as DOT price reaches a new ATH ” On March 24, the price of Polkadot’s DOT token corrected by 23% in a brief six-hour period, resulting in $174 million in liquidations across the futures market. This swift downside move also cut the aggregate open interest by 26%. Now that DOT’s…
“# Celer (CELR), Cartesi (CTSI) and Compound (COMP) rally as DeFi heats up ” Bitcoin bulls are still struggling to push the price to a new high but the positive sign is that BTC has not corrected sharply in the past few days and the top-ranked cryptocurrency has held a market capitalization above $1 trillion since March 26. …
“# $2.52B in bearish Bitcoin options signal pro traders are hedging their bets ” Bitcoin (BTC) has been trying to break the $60,000 resistance for the past 23 days. Generally, investors don’t seem too worried about this as they consider it a healthy consolidation period, and even recent analysis from JPMorgan Chase estimates that BTC…
“# Bitcoin falls below $58K as Bloomberg eyes $80K BTC price in Q2 ” Bitcoin (BTC) reversed recent gains to lose 1.5% on April 6 as bulls were kept frustrated with no sign of an attack on all-time highs BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview Bitcoin will “likely” squash $60,000 resistance Cointelegraph Markets Pro…
“# Buy more Bitcoin, analyst tells institutions as $257M in BTC leaves Gemini ” Institutions should start buying Bitcoin (BTC) again, leading analyst PlanB has said as one exchange sees a fresh $250-million withdrawal. In a tweet on Tuesday, PlanB argued that conditions were now right for buyers to continue accumulating BTC with confidence. PlanB:…
“# XRP surpasses $1 for the first time since 2018: What’s behind the new rally? ” The price of XRP has surpassed $1 on April 6 for the first time since March 2018, putting its market valuation at around $47 billion. Moreover, the fourth-largest cryptocurrency in the global market has broken out against the Bitcoin…
“# Whale clusters suggest that this key Bitcoin level can trigger an explosive rally ” The price of Bitcoin (BTC) is attempting to break the $60,000 resistance level after more than a week of ranging. Whale clusters show that $57,046 and $60,045 are the crucial support and resistance areas in the short term. In other…
“# Altcoins notch triple-digit gains as Bitcoin price pushes toward $60K ” If this past weekend is any indication of the current bull market cycle, then an altcoin season may be well underway. Similar to previous cycles, after (BTC) makes a significant run-up in price and then enters a consolidation period, funds begin to migrate into…