“If successful, this will dramatically increase bitcoin’s use case as a means of exchange, rather than just a store of value – this would result in significantly more adoption and hence help bitcoin reach price figures of over $100,000,” he said.
When Hirst – the British artist best known for wildly expensive works involving taxidermied sharks and diamond-studded skulls – released “The Currency” last year, the project took most of its cues from other popular NFT collections. Like CryptoPunks or the Bored Ape Yacht Club, “The Currency” consists of 10,000 images with slight variations. And as […]
A lesser-tracked technical analysis indicator is signaling good times ahead for bitcoin. The cryptocurrency’s 10-week simple moving average (SMA) is about to dip below the 50-week SMA, confirming a so-called bearish crossover. Historically, the negative signal has proven to be a contrary indicator, marking interim price bottoms and the end of bear markets, as feature […]
“While the DEX’s smart contracts have been fully audited and the DEX will meet all industry standards for security, the implementation of fully decentralized governance will not be immediately possible due to existing transaction size limits on the Cardano blockchain,” the team explained in the post.
After a rocky start to the year, bitcoin (BTC) appears to have stabilized this week, and some analysts are predicting that prices could be set to rise. Bitcoin has added 1% since Sunday after dropping almost 12% in the first week of 2022. Compared with the first week of 2021, when bitcoin gained 15% and […]
On Wednesday, we recapped how Tesla’s bitcoin acceptance and Coinbase’s direct listing helped send bitcoin’s price to a new all-time high near $65,000, which turned out, in hindsight, to be the market peak. Today, we’ll show how some traders and investors began to cash out in April and May as concerns mounted over U.S. capital […]
Traditional financial products can also have an impact on the market price of bitcoin, particularly derivative products that represent contracts that track the underlying price of BTC. As we’ve already discussed, leveraged futures trading can often fuel steep price changes, but so can other products such as crypto options. In short, crypto options give investors […]
Almost all crypto miners’ stocks were in the red for the day, with Bitfarms falling more than 9%, while peers such as Argo Blockchain and Cipher Mining fell more than 7%. Shares of other miners, including Marathon Digital, Riot Blockchain, Hive Blockchain and Hut 8 Mining, also fell more than 4% on Monday.
Mumbai-based crypto asset management company, MintingM, said that the cryptocurrency is still in a clear uptrend, making higher highs and higher lows on the daily time frame. As seen in the chart below, the upward or bullish channel, representing higher highs and higher lows, can be identified by trendlines connecting the lows of July 20 […]
Data tracked by Glassnode shows no signs of panic selling by long-term investors. Supply owned by long-term holders has declined by just 26,461 bitcoin since Nov. 10., representing a meager 0.19% of their balance, according to Glassnode data. Bitcoin’s liquid supply has decreased by 145,000 BTC over the past 30 days.