DAI reached a price of $1.3 on Uniswap and Coinbase, the two exchanges used by Compound’s oracles. The crypto market suffered a powerful crash on Thursday morning UTC, which sent prices of major currencies like Bitcoin (BTC) and Ether (ETH) tumbling in excess of 10%. When traders rush for the exits, the price of stablecoins […]
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Bitcoin price cycles may not be as consistent as some believe, according to two industry CEOs. Launched nearly 12 years ago, Bitcoin (BTC) is known for its often volatile market cycles. Though some feel that Bitcoin’s position as a store of value keeps these cycles fairly consistent, Rob Viglione, co-founder and CEO of Horizen, disagrees. […]
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A bigger Bitcoin pullback or a consolidation might follow, analysts say, as the risk of whale sell-off remains. Analysts say a larger Bitcoin (BTC) price pullback or a consolidation period could occur. The two factors that could trigger more downside include increasing whale activity and short-term resistance. Bitcoin whale watching As Cointelegraph reported, Bitcoin crashed […]
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Ethereum 2.0 is no longer about just the potential to bring Ethereum to a much more diverse audience than ever before. On June 19, 2020, Ethereum increased its gas limit by 25% from 10 million to 12.5 million. In no less than two days, this newfound capacity was used up, bringing the block use right […]
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The contracts will offer traders a longer time horizon for speculating on the digital asset. Bybit announced Thursday that it will roll out a BTC/USD quarterly futures contract on Nov. 30. Two contracts will be offered at launch — BTCUSD1225, settling on Dec. 25, 2020, and BTCUSD0326, which is settled on March 26, 2021. Bybit […]
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The price of Bitcoin must now reclaim the $18,000 level for a chance to resume November’s bullish trend. Bitcoin (BTC) has been seeing significant momentum in previous weeks as its price was approaching the precious $20,000 all-time high. However, an abrupt end came to this glorious rally, with Bitcoin price crashing severely over the past […]
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Russia’s prime minister proposed recognizing crypto as property under the nation’s tax code. Russian prime minister Mikhail Mishustin has appeared to express support for the further development of the local cryptocurrency market. At a recent governmental meeting held on Nov. 26, Mishustin proposed the introduction of legal protections for crypto holders in the country in […]
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Fresh lows of $16,300 mean that BTC/USD has lost over $3,000 in 24 hours after hitting highs of $19,480. Bitcoin (BTC) has continued falling on Nov. 26 as selling pressure transforms into the biggest losses — in terms of U.S. dollars — since March. Bitcoin price sheds over $3,000 in 24 hours Data from Cointelegraph […]
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Major cryptocurrency exchange OKEx resumed all withdrawals at 8:00 am UTC on Nov. 26, but users already appear to be pulling out their funds, fast. After a five-week-long suspension of all user withdrawals, cryptocurrency exchange OKEx resumed normal services at 8:00 am UTC on Nov. 26. Having announced the re-opening last week, OKEx then indicated it would be launching […]
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Market analysts are attributing Bitcoin’s sudden surge above $19,000 to aggressive demand from financial institutions and leading companies in the United States. Analysts are pointing to demand from financial institutions and publicly listed companies as the primary forces behind BTC’s sudden re-test of its all-time highs. “The primary reason for the steady grind up in […]
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