The latest words from Jerome Powell suggest that there is little need to address monetary policy to avoid another market crash. The worst recession since World War Two and its fallout was not the fault of the fiat money system, according to the chairman of the United States Federal Reserve. In a televised address on […]
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A return to five figures was fleeting as Bitcoin filled the largest CME futures gap ever, erasing last weekend’s 15% crash. Bitcoin (BTC) price briefly returned to $10,000 on May 14 as a fresh spectacular bullish surge entirely canceled out its weekend crash. Cryptocurrency market daily overview. Source: Coin360 Another BTC price crash disappears Data […]
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A fresh surge sees BTC/USD well on its way back to $10,000 as the impact of its weekend crash continues to dissipate. Bitcoin (BTC) rose to reclaim $9,500 on May 14 as the recovery from last weekend’s $1,200 crash gained fresh momentum. Cryptocurrency market daily overview. Source: Coin360 BTC price up 11% in days Data […]
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The parabolic rise in Ether long positions has increased the risk of a violent crash, as uncertainty surrounding the launch of ETH 2.0 grows. With anticipation growing for Ethereum’s long-awaited ETH 2.0 revamp, Ether long positions have gone parabolic on Bitfinex since February. But with short positions also growing, and co-founder Vitalik Buterin withdrawing last […]
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Bitcoin price is moving similarly as in April 2019, when BTC surged from the $5,000s to $14,000 in 62 days. Bitcoin (BTC) price is portraying a similar trend seen in April 2019, when BTC surged from $5,000s to $14,000 within two months. Based on the similarity of the price action, there is a possibility that […]
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There are many halving predictions yet to come true — among them Satoshi claimant Dr Craig Wright’s ‘long term advance notice’ from 2018 that he would crash the Bitcoin price. There are many halving predictions yet to come true — among them Satoshi claimant Dr Craig Wright’s ‘long term advance notice’ from 2018 that he […]
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Bitcon’s implied volatility dropped sharply after the halving but what does this mean for BTC investors? Recent data from Skew shows that Bitcoin’s (BTC) implied volatility plummeted after yesterday’s halving occurred. Generally, volatility is at the heart of any professional trader as it measures daily average price oscillations and gives insight into market conditions. As […]
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The number of Bitcoin addresses with balances less than 1 BTC has increased by more than 100% since the second halving in July 2016. The number of Bitcoin addresses since the second halving has increased across the board, but the number of small wallets with balances of less than 0.1 BTC saw the greatest improvement. […]
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As crypto traders brace for today’s Bitcoin halving, data shows buy and hold remains the most profitable strategy. With the Bitcoin (BTC) halving happening in less than 4 hours there is strong evidence that investors are continuing to accumulate Bitcoin. Readers will recall that on March 12, a day now referred to as Black Thursday, […]
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While miners took a double hit, the combination of the pandemic and halving could provide an unlikely tailwind to the crypto industry at large. Normally, little is unexpected concerning the regular, pre-programmed adjustment of the Bitcoin network’s mining reward size, otherwise known as halving. Baked into the digital currency’s original protocol, the anti-inflationary mechanism gets […]
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