After a crypto market crash in March, the number of wallets with at least 1 bitcoin (BTC) has kept rising, reaching new all-time highs. At the same time, it seems that this coin is leaving exchanges. Crypto market researcher Glassnode said that on March 29, more than two weeks after the crash, the number of…
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Recently, there was a fresh bearish reaction in bitcoin below the USD 6,200 and USD 6,000 support levels. However, BTC/USD found a strong buying interest near the USD 6,850 level and it is currently (09:00 UTC) recovering above USD 6,000 and USD 6,200. Similarly, all major altcoins are showing strong recovery signals, including ethereum, XRP,…
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Bitcoin (BTC) continues to boom in Venezuela – but only because it is helping citizens buy hard-to-purchase foreign fiats, says an industry observer. As previously reported, trading volumes on peer-to-peer (P2P) platform LocalBitcoins have spiked again in recent weeks. In a report from the Open Money Initiative, author Matt Ahlborg wrote, “For a long time,…
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Italy and Spain are two of the countries worst hit by the coronavirus pandemic, and perhaps two of the countries whose health workers are now in most pressing need of financial support. But the Red Cross organizations in both countries are taking a very different approach to cryptocurrency donations – with Italian charities raising thousands…
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Bitcoin (BTC) on-chain activity and again increasing hashrate suggest positive moves in the market and the largest cryptocurrency network, according to blockchain analysis firm Glassnode. With the price stabilizing and investors slowing down the portfolios readjustments, on-chain activity has seen decreases across the board. Compared to the last couple of weeks, when the Read more…
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In the past few sessions, bitcoin price remained well bid above the USD 6,500 support level. However, BTC/USD is still facing a strong barrier near the USD 6,800 and USD 6,850 resistance levels. The price is trading (08:30 UTC) in a range below USD 6,850 and it seems to be preparing for the next major…
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After the second-largest Bitcoin (BTC) mining difficulty drop, the next one might be even bigger and provide even stronger relief to miners. As predicted, Bitcoin mining difficulty (a measure telling us how hard it is to compete for mining rewards) has just dropped – but instead of 5.8% estimated six days ago, it dropped 15.95%.…
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Major crypto exchange Coinbase has announced that it will allow users to lend out their crypto and gain interest from loans using decentralized finance (DeFi) apps via its Coinbase Wallet app. The development comes as the crypto lending industry continues on a path of dynamic growth, with rapidly increasing interest among would-be lenders worldwide. In…
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Despite what some may have thought, it appears that the latest sell-off in bitcoin has not scared away retail investors quite yet, new data from one Japanese crypto exchange suggests. According to a blog post by Yuya Hasegawa, market analyst at the Japanese crypto exchange bitbank, the number of new account registrations on their platform…
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Recently, bitcoin price made another attempt to gain momentum above the USD 6,800 and USD 6,850 resistance levels. However, BTC/USD failed to continue higher and it is currently (08:30 UTC) correcting gains. If there is a downside break below USD 6,500, the price could start an extended downside correction. Similarly, most major altcoins are currently…
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