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Hash Rate and Bitcoin Price During Mining Events: Are They Related?

March 7, 2020cashtechnews

Data shows Bitcoin mining-related events produce conflicting short-term price action but long-term gains. On Saturday Bitcoin (BTC) price dropped below $9,000 again, increasing the uncertainty surrounding future price estimates and reminding investors that the Coronavirus continues to impact markets across the world. Cryptocurrency market daily performance. Source: Coin360 Interestingly, Bitcoin’s hash rate reached an all-time […]

Bitcoin Slips Under $9K but Don’t Panic Until This Price Level Breaks

March 7, 2020cashtechnews

Bitcoin price has dropped below the $9,000 mark once again but is yet to make a lower low to the hopes of the bulls who must now defend a key level. In the past few hours, Bitcoin (BTC) price dropped 3.85%, losing $9,000 and pulling back to $8,835. The abrupt downside move occurred after Bitcoin […]

Bitcoin Price Bouncing Back or Dead Cat? 4 Key Levels to Watch for

March 7, 2020cashtechnews

Bitcoin price is now stuck in a range with several key levels of support and resistance serving as near-term battle lines for the BTC bulls and bears. The crypto markets are experiencing a small relief rally during the week, as the price of Bitcoin (BTC) bounced from $8,400 towards $9,150. This bounce was heavily needed […]

$9K Bitcoin Price Beats Stocks as Volatility & Fiat Fall Flat

March 7, 2020cashtechnews

Mayhem on forex markets joins the stocks purge which returned for a second round this week, erasing previous recovery signals while Bitcoin price gained. Bitcoin (BTC) continued beating out any competition on March 7, turning $9,000 into solid support while coronavirus ravaged stocks and forex alike. Cryptocurrency market daily overview. Source: Coin360 BTC price makes […]

Bitcoin Not Affected as US Fed Prints Equivalent of 9.8M BTC in 1 Day

March 7, 2020cashtechnews

The U.S. central bank continues inflationary measures to satisfy liquidity demands from lenders, as coronavirus plays havoc with stability. The United States Federal Reserve has funneled the equivalent of half the entire Bitcoin (BTC) supply into the economy — but banks want even more money. As the New York Fed confirmed on its website, so-called […]

BitPanda CEO Eric Demuth Says Bitcoin Is Gold 2.0 for Millenials

March 7, 2020cashtechnews

BitPanda CEO Eric Demuth explains why regulations are necessary to avoid a “Wild West” for crypto, and names first stop outside of the EU. The crypto ecosystem tends to see regulations as “the big bad wolf.” In this narrative, government and regulators set rules that slow down innovation and damage growth for the crypto industry. […]

Interlay Receives Web3 Foundation Grant for Bridging Bitcoin to Polkadot

March 6, 2020cashtechnews

Interlay received a grant from Web3 Foundation to develop a Bitcoin bridge on Polkadot that would allow wrapped versions of BTC to be exchanged on the network. Interoperability project Interlay has been selected to receive a Web3 Foundation grant to continue its work on Polkadot. The money will be used to develop a parachain on […]

Ex-Presidential Candidate Andrew Yang Launches Data Privacy Nonprofit

March 6, 2020cashtechnews

After ending his presidential bid last month, Andrew Yang wants to rewrite the rules of the economy with its new nonprofit Humanity Forward. Former presidential candidate and known cryptocurrency proponent Andrew Yang has announced a new initiative to protect privacy online. After ending his presidential bid last month, Yang has announced the creation of new […]

Price Analysis Mar 6: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LINK

March 6, 2020cashtechnews

Several cryptocurrencies have broken out of their first resistance levels, which suggests that the bulls might be back in the game. Roughly 42% of the total Bitcoin supply has not moved in the past two years. This shows that the investors are holding on to their Bitcoin as they expect the price to rally further. […]

Ethereum Whales Accumulate in Anticipation of ETH 2.0

March 6, 2020cashtechnews

Centralization of ETH among the 100 largest wallets is growing, signaling that whales are accumulating ahead of Ethereum’s ‘ETH 2.0’ revamp. Whales appear to be accumulating Ether (ETH), with the percentage of ETH supply controlled by the top 100 wallets standing near 25%. The observation was made by blockchain data analysis firm Santiment, who tweeted […]

Tag: btc

Hash Rate and Bitcoin Price During Mining Events: Are They Related?

Bitcoin Slips Under $9K but Don’t Panic Until This Price Level Breaks

Bitcoin Price Bouncing Back or Dead Cat? 4 Key Levels to Watch for

$9K Bitcoin Price Beats Stocks as Volatility & Fiat Fall Flat

Bitcoin Not Affected as US Fed Prints Equivalent of 9.8M BTC in 1 Day

BitPanda CEO Eric Demuth Says Bitcoin Is Gold 2.0 for Millenials

Interlay Receives Web3 Foundation Grant for Bridging Bitcoin to Polkadot

Ex-Presidential Candidate Andrew Yang Launches Data Privacy Nonprofit

Price Analysis Mar 6: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LINK

Ethereum Whales Accumulate in Anticipation of ETH 2.0

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