Yesterday, we saw a decent upward move in bitcoin price above the USD 5,000 resistance area. BTC/USD even climbed above the USD 5,200 and USD 5,350 resistance levels. However, BTC/USD struggled to gain traction above the USD 5,500 resistance and it is currently (08:30 UTC) correcting lower. Similarly, most major altcoins tested key resistances and…
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Source: iStock/D-Keine The Cryptoverse has been seeing calls from some industry players to sell cash for cryptocurrency, claiming that cash is about to become worthless, as the fiat money "printer went brrrrr." However, others warn that, while using bitcoin (BTC) as a hedge is a good idea, selling all cash is not. Crypto market crashed…
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Despite record-high volatility in bitcoin (BTC), derivatives traders appear to be pulling money out of the market, while a “rush to cash” becomes the overarching theme for the financial markets. The moves in bitcoin follow major volatility in the traditional financial markets, where some of the largest players are fighting the idea of temporary market…
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Cryptocurrency enthusiasts and business insiders have reacted with alarm to a recent interview given by the head of the central Bank of Russia’s legal department hinting that cryptocurrencies could be outlawed in the country – leading to a possible block on Bitcoin (BTC) and altcoins mining. Recent comments made by the central bank legal chief…
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Sometimes, the history indeed repeats itself. In the Cryptoverse, it’s the short-term traders who have been driving the most recent sell-off. Again. As reported in October 2019, crypto market analysis firm Coin Metrics found that the bitcoin (BTC) selling pressure at the time originated from short-term traders that got this coin at prices between USD…
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Major crypto derivatives exchange BitMEX said that the root cause of the DDoS attacks on March 13 has been identified, and more than BTC 40 (USD 211,000) refunded to the affected users. BitMEX published a blog post authored by its Co-founder and CEO, Arthur Hayes, stating that the exchange experienced two DDoS (denial-of-service) attacks on…
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Mike Novogratz. Source: a video screenshot, Youtube, ConsenSysMedia Although the recent crypto market sell-off may have been bad for those who bought at high levels, and may even scare off new potential investors, it certainly isn’t game over for crypto as an asset class, according to Mike Novogratz. He also urged to avoid getting in…
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Yesterday, there was a sharp decline in bitcoin price below the USD 5,000 support area. BTC/USD even broke the USD 4,800 support before it found support near USD 4,450. The price is now (08:30 UTC) recovering and might continue higher towards USD 5,500 and USD 5,650. Similarly, there was a strong recovery in most major…
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The number one digital asset, bitcoin (BTC), once again saw heavy selling on Monday, after news came out on Sunday that the U.S. Federal Reserve (Fed) is taking emergency measures to mitigate the financial devastation that is currently going on around the world. As announced by the Fed on Sunday, the U.S. central bank is…
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Source: iStock/da-kuk It wouldn’t be logical to expect the market sentiment to have gone up given the week crypto market has had. Per crypto market sentiment analysis service Omenics, following the market crash on February 13, the combined moving average 7-day market sentiment measure, sentscore, for the top 10 coins by market capitalization has dropped…
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