It traded at the $46.8k mark at press time after recording a 0.5% correction in 24 hours. The monthly flow of Bitcoin from such a large-scale exchange occurred several times in history, but most occurred after 12 March, 2020. This demand-supply gap favored a continued price surge to the north especially after just 2 million BTC […]
Also, Ethereum’s transition to PoS is expected to be the watershed moment for the entire Ethereum ecosystem. Now, with new bullish narratives emerging for Ethereum, many are pondering whether Ethereum could flip Bitcoin in market cap and take the number one spot. The ETH/BTC ratio, in the graph above, ‘of 0.074762 on Friday came within […]
Does this mean the uptrend had stalled? News of Do Kwon, co-founder and CEO of Terraform Labs, buying $1b worth of BTC since the end of January has fueled the enthusiasm of the bulls. The region marked in orange is a nearly 15-month range that Bitcoin has traded within, with highs and lows at $64.8k […]
However, a closer look reveals that while the bulls may be back, the sellers are not going to give up easily. Bitcoin’s price has three major areas of support, as shown in the chart below. The latest move has shattered the second area, with the crypto hovering below the first area of resistance. Regardless, a […]
On the flip side, it’s clear that even high-profile partners trust Ripple. She has a Masters in Journalism and her areas of study include crypto-regulation, digital society, privacy, and intersectionality. Disclaimer: AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice. …Read the full story
However, price consolidations after an ATH aren’t something the market naturally worries about. Ergo, with the upgrade now live, it’s the perfect situation to gauge the market structure and analyze where the top coin’s price could go from here. Bitcoin’s sensitivity to the market’s FUDs didn’t slow down as the asset’s market cap grew over […]
The Bitcoin network is in the news today after it just activated Taproot, one of its most significant updates since 2017. The update will also add something known as Schnorr signatures, which essentially makes multi-signature transactions unreadable, according to Bitcoin miner Alejandro De La Torre. The previous SegWit upgrade was aimed at resolving transaction malleability, […]
One such hard fork was Bitcoin SV which for some reason, failed to reach where its creators wanted it to be. They did not delist BSV for two years later still, until 4 days ago when they feared the total loss of their client’s funds. And according to Santiment, the maximum number of developers seen […]
For his part, Ramesh reportedly claimed that he was the first person to hack the Bitfinex exchange, and boasted of stealing thousands of Bitcoin from diverse sources. Adding to that, a crypto regulation bill could be tabled in the Parliament’s Winter Session. She has a Masters in Journalism and her areas of study include crypto-regulation, […]
It is not news that many in the crypto community consider Bitcoin akin to digital gold, to hedge their money against price rise. In the past as well, JP Morgan had associated the Bitcoin price rally with the resurgence of inflation fears. In reaction to hotter than expected #inflation data #gold rose $18, closing near […]
He has a keen interest in DeFi, the ever-expanding possibilities of blockchain technology, as well as the political impact they would have. Disclaimer: AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice. …Read the full story
Even with market capitalization crossing well over $1.2 trillion, Bitcoin is not everybody’s favorite cryptocurrency. Continuing his tirade against the top coin, the CEO claimed that Bitcoin is also “a bigger contributor to global warming than any form of payment we use around the world today in aggregate.” According to a recent report by Digiconomist, […]
Underpinned by a risk-on broader market and Bitcoin’s succession to new heights, smaller rival Bitcoin Cash has maintained a consistent uptrend over the last 3 days. There was even the potential for another 20% should BCH close above the confluence of its value high zone, 61.8% Fibonacci level, and an upper sloping trendline. A convincing […]
While Bitcoin went north of $66k in late October, the past couple of weeks have not bared much fruit for the world’s largest altcoin. Should its RSI, Squeeze Momentum Indicator, and DMI continue on their bearish path, BTC would likely revisit $56k on the back of a downwards breakout. Following a 70% pickup in October, […]
Canada has been fairly proactive in its treatment of digital, virtual, and cryptocurrencies. The Governor, while speaking to the CTV News, shared his opposing narrative on the subject, irrespective of the ongoing BTC craze. Just last month, the bank exec opined that despite the existence of many cryptocurrencies, none qualify to be considered currencies. Despite […]
Earlier today, the billionaire polled his millions of followers on whether he should sell 10% shares of his electric car company, Tesla. At press time, 56.7% of the pollers had voted in favor of the sale, while 43.3% did not support the idea. Additionally, with around $1.5 billion in BTC on Tesla’s balance sheets and […]
MicroStrategy, the biggest institutional investor in Bitcoin, has maintained its tradition of buying the largest crypto token. Nevertheless, the company’s Bitcoin hoard increased in value, by more than $1.3 billion during the third quarter. At press time, the token was trading under the $62k mark with a setback of around 1% in 24 hours. BTC’s […]
Even though October proved to be a very beneficial month for Bitcoin, the last week didn’t turn out to be fruitful for the king coin. One has to consider 101 BTC per wallet which brings the total to $2.4 billion worth of BTC. In fact, as Bitcoin went into consolidation over the last 10 days, […]
Since the inception of the month, BCH bulls displayed their vigor as the price rallied by 38% to hit its six-week high on 21 October. The altcoin traded at $593.2, after noting a nearly 1% gain over the past day. The Relative Strength Index saw a surge in the last 24 hours, depicting an increasing buying […]
Though Bitcoin crossed $67,000 this week to carve out a new all-time high, the ruling coin has seen some correction since then. Meanwhile, he claimed November could have a floor price of $98,000 while December might close above $135,000. PlanB’s Stock-to-Flow model is in no way a certainty, and the analyst himself has admitted it […]