EOS price jumps 20% for biggest gain in 15 months — what’s fueling the uptrend?
EOS rose approximately 20% to reach $1.66 on Aug. 17 and was on track to log its best daily performance since May 2021.Initially, the EOS rally came in the wake of its positive correlation with top-ranking cryptocurrencies like Bitcoin (BTC)...
Former Goldman Sachs banker explains why Wall Street gets Bitcoin wrong
John Haar, a former asset manager at financial institution Goldman Sachs believes the lack of support from “legacy finance” for Bitcoin stems from a poor understanding of the cryptocurrency. Haar’s views were expressed in an essay on Aug....
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Bitcoin traders anticipate new yearly lows after BTC’s $25K rejection — Data disagrees
Bitcoin (BTC) showed weakness on Aug. 15, posting a 5% loss after testing the $25,000 resistance. The move liquidated over $150 million worth of leverage long positions and has led some traders to predict a move back toward the...
Is Bitcoin really a hedge against inflation?
While Bitcoin (BTC) has failed in countering this year's rampant global inflation, it should still be considered as an inflation hedge, says Steven Lubka, the managing director of private consumers at Swan Bitcoin. According to Lubka, Bitcoin...
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Bitcoin miners hodl 27% less BTC after 3 months of major selling
According to a fresh prediction from crypto analysis firm Arcane Research, miners will continue to sell more BTC than they earn.Miners sold nearly 30% of record BTC stash since MayThe trip to $25,000 this month decreased pressure on a...
Bitcoin price corrects after hitting a wall at a multi-month descending trendline
On Aug. 15, Bitcoin (BTC) price and the wider market corrected while the S&P 500 and DOW looked to build on four-straight weeks of robust gains. Data from TradingView and CNBC show the Dow pushing through its 200-day moving...
BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX
Bitcoin (BTC) has been witnessing a tough battle between the bulls and the bears near the $25,000 level. A clear winner may not emerge in the short term due to a lack of a catalyst and because there is...
‘Final week of the bear rally’ — 5 things to know in Bitcoin this week
Bitcoin (BTC) enters a new week with a bang after sealing its highest weekly close since mid-June — can the good times continue?After a volatile weekend, BTC/USD managed to restrict losses into the later portion of the weekend to...
A catalyst for mainstream crypto adoption
For Satoshi Nakamoto, the creator of Bitcoin (BTC), the motivation to create a new payment ecosystem from scratch in 2009 stemmed from the economic chaos caused by the banking sector’s over-exuberant and risky lending practices mixed...
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Bitcoin hits $25K as bearish voices call BTC price ‘double top’
Bitcoin (BTC) spiked through $25,000 for the first time in months on Aug. 14, but traders refused to take any chances on a bull run.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewWeekend produces brief $25,000 tap for BTCData from...
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Countries where Bitcoin (BTC) is legal
Typically there are macroeconomic factors that a country is looking to manage through the adoption of a currency as legal tender. In order to make Bitcoin legal tender, these factors should coincide with visionary leadership. Despite that,...
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Ethereum hits 8-month highs in BTC as money heads for ‘riskier’ altcoins
Ether (ETH) is worth more in Bitcoin (BTC) than at any time since the start of the year amid renewed appetite for altcoins.ETH/BTC 1-day candle chart (Binance). Source: TradingViewAltcoin market cap returns to $700 billioData from Cointelegraph...
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Bitcoin traders still favor new $20K lows as Ethereum hits $2K
Bitcoin (BTC) is still due to return to near $20,000, fresh analysis warns as BTC/USD attempts to retest multi-month highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBuy-the-dip set for invalidation at $20,700Data from...
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Bitcoin mining revenue jumps 68.6% from the lowest-earning day of 2022
The Bitcoin (BTC) mining industry endured immense financial stress throughout the year 2022 as a prolonged bear market directly impacted their earnings when translated to the U.S. dollar. However, miners resilient to the year’s lowest mining...
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BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Bitcoin (BTC) could not overcome the barrier at $25,000 on Aug. 11 even though it had two catalysts in the form of a "favorable" Consumer Price Index print and news that BlackRock — the world's largest asset manager, overseeing...
A Futurist take on crypto
You might not know it, but Canada is quietly becoming a major player in the blockchain and crypto scene: Ethereum has strong Canadian roots, Toronto-based 3iQ launched North America’s first physically-settled Bitcoin (BTC) exchange-traded fund...
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Fallout from crypto contagion subsides but no market reversal just yet
The blockchain industry showed some surprising resilience in July, which may point to a period of greater fundamental support for the crypto space overall in the short term. In looking at a wide variety of indicators, including Bitcoin’s (BTC)...
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Here are Bitcoin price levels to watch as BTC dips 5% from highs
Bitcoin (BTC) headed lower on Aug. 12 as a broadly expected comedown from two-month highs began to take shape.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView200-week moving average becomes pivotData from Cointelegraph Markets Pro and...
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Brazilian payment app PicPay launches crypto exchange with Paxos
Major Brazilian payment application PicPay is moving into cryptocurrencies by integrating a crypto exchange service allowing users to buy Bitcoin (BTC) and Ether (ETH).The firm officially announced on Wednesday that PicPay clients can now buy,...
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