The latest episode of The Market Report analyses the recent Bitcoin price correction to $26,000 and what it reveals about the current market structure. In the latest episode of Cointelegraph’s The Market Report, analyst Marcel Pechman delves into Bitcoin’s recent drop to $26,000. Derivatives market analysis shows Bitcoin (BTC) options and futures metrics lack signs…
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Bitcoin price is closely linked to several financial assets but the reasons for correlation with certain precious metals and stocks can be quite different. The financial media often points out Bitcoin’s (BTC) correlation to big tech. “Bitcoin is trading like a tech stock” is a common narrative alongside BTC’s often acute inverse-relationship with the United…
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One of today’s biggest crypto news stories comes from Binance, the world’s largest cryptocurrency exchange by trading volume. On August 22, Binance announced the gradual launch of a new copy trading feature on its futures platform which went live at 6:45 AM UTC. In light of this development, what are the best cryptos to buy…
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Xiao Yi was accused of abuse of power and corruption in operating a $329 million Bitcoin mining enterprise. A Chinese government official has been sentenced to life in prison for illegitimate business operations related to running a 2.4 billion Chinese yuan ($329 million) Bitcoin (BTC) mining enterprise and for unrelated charges of corruption. According to…
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Ethereum founder Vitalik Buterin has received a permit that will allow him to legally reside and work in Taiwan. Speaking at a meeting with the country’s minister of digital affairs, Buterin said that the card will make it easier for him to visit the island nation and its Ethereum community.
Taiwan’s Digital Minister Presents Buterin…
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Bitcoin’s daily relative strength index (RSI) has plunged below 20, reaching lows not seen since the March 2020 COVID-19 pandemic crash. This significant oversold reading is sparking discussion about a potential price rebound. With this in mind, what are the best cryptos to buy now? Historically, extreme oversold conditions on the RSI have sometimes preceded…
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The crypto advocacy group’s suggestions included a de minimis exemption for crypto transactions and having the IRS provide guidance on block rewards, airdrops and hard forks. Cryptocurrency advocacy group Coin Center has provided suggestions for United States lawmakers to consider in potential legislation related to the taxation of digital assets. In an Aug. 21 letter…
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Even altcoins slumped, with only Ripple and Cardano registering inflows. Digital asset investment products saw $55 million in outflows for the week of September 13-19, according to a report from CoinShares. Optimism surrounding what was previously thought to be the impending approval of a spot-based Bitcoin exchange-traded fund has begun to give way as $42…
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Co-founder and managing partner at Blockchain Capital, Bart Stephens, has taken legal action against an unidentified hacker who allegedly stole $6.3 million worth of cryptocurrencies from his digital wallets, Forbes reported. Stephens claims Jane Doe exploited a SIM-swap vulnerability, manipulating personal information sourced from the dark web to bypass security protocols with the cellular network…
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Some of the same techniques used to study the thermal history of the universe can be used to understand crypto crashes. Do Kwon: "95% are going to die [coins], but there's also entertainment in watching companies die too" 8 days ago. Ironic. pic.twitter.com/fEQMZIyd9a — Pedr (@EncryptedPedro) May 11, 2022 https://platform.twitter.com/widgets.js More than $40 billion in…
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