Data tracked by blockchain analytics platform Santiment shows “buy the dip” mentions on social media rose to 952 on Tuesday, hitting the highest levels since Sept. It may be a sign that bitcoin is yet to find a bottom. 7 slide to $43,000, the cryptocurrency bottomed out below $40,000 two weeks later. The leader in […]
Bitcoin on Tuesday suffered its worst daily loss in almost four weeks, all but upending any near-term hopes of a return to last week’s all-time high near $69,000. In trying to explain the latest sell-off, traders cited U.S. For example, the relative strength index on the four-hour chart is the most oversold since Oct. Still, […]
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Bitcoin was trading 4.3% lower on the day near $60,800, while ether was nursing a 5.3% loss at $4,320 at press time, according to CoinDesk data. While there was never any expectation of Twitter announcing crypto investments, Segal’s comments likely provided a reason for traders to take some risk off the table in the wake […]
Bitcoin fell below $60,000 during mid-European hours, before press time, extending early weakness. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary […]
Federal Reserve may have to accelerate its withdrawal of monetary stimulus, perceived to be a negative for bitcoin. On the inflation front, some investors speculated Biden might use his summit with Chinese President Xi Jinping to roll back some tariffs imposed under former President Donald Trump. The RSI is currently neutral, which means a period […]
Over the weekend, bitcoin enthusiasts huddled around their screens as they waited for miners to mine Bitcoin block 709,632. Before Taproot, Bitcoin did have native smart contract capabilities because Bitcoin transactions could be programmed to time payments when certain constraints are met or missed. In addition, Taproot improves the usability of what are known as […]
The RSI is currently neutral, which means a period of consolidation could persist this week. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Damanick is a crypto […]
Bitcoin was roughly flat over the past 24 hours, suggesting that investor enthusiasm over the Bitcoin blockchain’s Taproot upgrade is starting to fade. Still, it remains to be seen whether investors will continue to accumulate BTC in hopes of long-term gains. Over the short term, technical indicators show slowing upside momentum in BTC. For example, […]
The largest cryptocurrency has been trading mostly in the low $60,000′s since hitting an all-time high near $69,000 last week. This time, however, buyers could face resistance around $65,000 given the loss of upside momentum this week. “First Mover” hosts spoke with Bram Cohen, co-founder of the Chia Network, following his company’s announcement that it […]
No, not on the streets of our towns, where shops prepare far too early for holiday sales. For those unfamiliar with the theory, window dressing is the idea that portfolio managers sell their losing positions and buy more of their winners ahead of year-end reporting so they look like they’ve been making all the right […]
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. …Read the […]
“This is a case of intrigue, whitewash, concealment, and deception smack of a deep-rooted conspiracy. The scam dates back to 2019 and came to light a year ago after Bengaluru’s Central Crime Branch police arrested a hacker named Srikrishna and his associates in a narcotics case. Srikrishna also confessed to having hacked crypto exchange Bitfinex […]
A programmed waiting period between lock-in and activation has since given node operators and miners time to fully upgrade to the latest version of Bitcoin Core, 21.1, which contains the merged code for Taproot. Taproot upgrades to a different scheme called Schnorr. Taproot will have many positive repercussions for various projects across the ecosystem. Taproot […]
Cryptocurrencies were mostly lower on Friday after buyers failed to sustain the all-time price highs reached in bitcoin and ether earlier this week. The upgrade is expected to be implemented in the next few days, although other analysts expect minimal impact on bitcoin’s price. “Bitcoin’s chart has likely become too noisy to remain a reliable […]
trading hours as the markets slowly digested a highly volatile trading day on Wednesday, when bitcoin dropped to near $64,000. Others pointed out Taproot, the most significant upgrade to the Bitcoin blockchain’s protocol in years, could further push up the underlying currency’s price. Bitcoin’s “price has no doubt been supported by the upcoming Taproot upgrade,” […]
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. …Read the […]
Bitcoin buyers took some profits after the cryptocurrency reached an all-time price high near $68,950 on Wednesday. Upside momentum is starting to slow, especially given recent overbought signals on the charts. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the […]
“Volatile price moves are always around the corner,” Nicholas Cawley, an analyst at DailyFX, wrote in an email to CoinDesk. “The Taproot upgrade will likely be activated by the end of this week or early next week,” crypto trading firm QCP Capital wrote in a Telegram announcement. Meanwhile, at Coinbase, the exchange’s trading desk continues […]
The chart shows the bearish reaction – ultimately, by the end of the day – to the inflation announcement. Other smart-contract tokens in the green include Solana’s SOL token, which is up 2% in the last 24 hours, trading at $241, just shy of its all-time high reached Nov. The leader in news and information […]