The price of Bitcoin rose to $20,000 in 2017 and crashed. According to Glassnode, the same top signal has emerged, but this time feels different for several reasons. In 2017, the price of Bitcoin (BTC) reached as high as $20,000 and crashed rapidly. Now the same on-chain top signal has reemerged, according to researchers at […]
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The average Bitcoin transaction is now worth more than $150,000. The average value of Bitcoin (BTC) transactions has increased dramatically since July this year. The average transaction value was sitting at approximately $25,000 per transaction four months ago, but posted a yearly high on Oct 20 at $151,000 per transfer — representing an increase of […]
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There was a time when Bitcoin seemed to be directly influenced by the daily news cycle. Blockchain headlines have been awash with negative news tidbits lately. KuCoin suffered a major hack on Sept. 26, two U.S. regulating bodies went after BitMEX on Oct. 1, the United Kingdom’s Financial Conduct Authority, or FCA, banned crypto derivatives on […]
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CME data shows Institutions are long Bitcoin while hedge funds are aggressively shorting BTC. According to CME, the amount of Bitcoin (BTC) long contracts held by institutions are at an all-time high. Yet, CME’s most recent Commitment of Trader report shows hedge funds are at a record-high for BTC shorts. There seemingly is a major […]
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On-chain data shows dormant addresses are selling BTC, leading some analysts to make bearish calls on Bitcoin price. Old hands are selling their Bitcoin (BTC) holdings, according to glassnode’s Coin Dormancy metric. As shown below, dormant addresses selling BTC marked previous tops in BTC. Coin Dormancy of Bitcoin. Source: glassnode On-chain analyst Willy Woo said […]
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The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Sunday, Hodlers Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers! Top Stories This Week Calm before the storm? Analyst says […]
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Check out this week’s Bad Crypto podcast. It’s been a good week for the crypto markets. Bitcoin finally burst through the $11,000 ceiling, and kept going. According to some experts, the coin could be on its way to a full 2017-style bull run. Other analysts have identified five events that could move the markets this […]
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The entry of firms like Square, MicroStrategy and Stone Ridge may open the BTC floodgates and provide “confidence for the rest to follow.” October is a time for surprises. On Oct. 8, right on cue, mobile payments giant Square, which boasts a market cap of $86.6 billion, announced that it had invested $50 million in […]
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Mohit Sorout says Bitcoin could rise to a new all-time high in three months when it breaks out of the existing range. The price of Bitcoin (BTC) has been consolidating within a tight range for several months. If the top cryptocurrency successfully breaks out, Bitazu Capital founding partner Mohit Sorout says a record-high would be […]
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Bitcoin price lost the bullish energy that took the price to $11.7K earlier this week but the current range may offer opportunities to swing traders. Earlier this week Bitcoin (BTC) price entered a bullish breakout to $11,725 following the previous week’s news that Square purchased $4,709 BTC but since then the price has slumped back […]
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