In terms of what the subsequent bear market could bring, Bitcoin would need to bottom out at around $42,000 to copy its post-2017 correction. …Read the full story
In short, the working group expects government agencies to require stablecoin issuers to meet the same standards as insured depository institutions. Although the consequences of a potential stablecoin regulation for cryptocurrency markets remain unknown, stablecoins are vital for exchanges, market makers and retail investors when seeking protection. The ETF expectation could have been the reason […]
That said, the Whale Supply Shock tends to provide “a measurement of supply locked in Whales wallets which can have on supply dynamics and thus on price,” stated Dor Shahar, an on-chain analyst at CryptoJungle, in a tweet on Nov. The Whale Supply Shock appeared to have been predicting the macro Bitcoin price tops. The metric showed […]
The timing varies, and so do the predictions. Raw data trends up and down, and different estimates often end up with considerably different readings. This chimes with a previous analysis, notably by analyst Willy Woo, showing that the so-called “hodlers of last resort” or “Rick Astley” investors remain committed to their investment. Balance changes can […]
That said, the Whale Supply Shock tends to provide “a measurement of supply locked in Whales wallets which can have on supply dynamics and thus on price,” stated Dor Shahar, an on-chain analyst at CryptoJungle, in a tweet on Nov. The Whale Supply Shock appeared to have been predicting the macro Bitcoin price tops. The metric showed […]
Even with the price facing these hurdles, it’s still premature to call the $58,000 support level test the beginning of a descending channel. Among the factors limiting the rally is the regulatory uncertainty in the United States. Increasing adoption, on the other hand, has been pressuring traditional banks to seek cryptocurrency product offerings. This week […]
The white paper, titled Bitcoin: A Peer-to-Peer Electronic Cash System, foresaw the need for a peer-to-peer online payment system that is self-governing, secure and limited in quantity. While Bitcoin was initially perceived as a threat by traditional financial institutions, thirteen years of community support and a growing user base have made Bitcoin one of the […]
Because we scaled our operations in a new industry, we had to discover what worked and what didn’t through trial and error — because there’s no handbook for this. There was a time when you could mine Bitcoin from a laptop, or set up some mining rigs in your room and mine, profitably. We scaled […]
One data point to support this is the continual draining of Bitcoin from exchanges as users select to put their Bitcoin into cold storage. “In our view, Bitcoin’s value is a function of its economic utility, while bitcoin’s value is a function of its supply and demand. …Read the full story
The company’s Q3 report shows that it added 8,957 Bitcoin, taking its haul to 114,042 Bitcoin as of Sept. The bullish trend in the crypto sector seems to have increased the demand for employees with experience in crypto or blockchain. The price action of the past few days has formed a bullish flag pattern that […]
Both the weekly and monthly close on Sunday will be a source of interest for market participants, with the latter seeing a potential all-time high. …Read the full story
Therefore, what is required is not a movement of AUM from one tracker product to another, but fresh capital into the system,” he wrote in a dedicated blog post. …Read the full story
Earlier this month, Bitcoin mining company Riot Blockchain announced it would be developing 200 megawatts of immersion-cooled Bitcoin mining infrastructure at its Whinstone Facility. Based on the company’s preliminary immersion-cooling test results, it expects the hash rate to increase by 25% and ASIC performance to increase by up to 50%. Immersive cooling can reduce the need […]
The software firm has increased its Bitcoin holdings by 198% since the same period last year, and as of Sept. As the firm categorizes Bitcoin as an “intangible asset,” accounting rules mandate that it must report an impairment loss when the carrying value dips below its cost basis. “This quarterly report represents an earnings surprise of […]
As Cointelegraph reported, RHODL is far from alone in calling for an extended end to the bull run. …Read the full story
At the time of writing, BTC/USD circled $61,000, having reached local highs of $61,250 on Bitstamp. …Read the full story
Despite nearing $58,000 in a fresh wipeout of leveraged traders on Oct. Meanwhile, the idea that Bitcoin could slide into an extended sideways period has reentered the narrative in recent days. The current spot price, at around $59,000, further lines Bitcoin up to potentially hit the “worst-case scenario” monthly close of $63,000. …Read the full […]
