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July 2021

Amazon rumored to be accepting Bitcoin, MicoStrategy pledges to buy more BTC despite losses, Bitcoin struggles at $40K: Hodler’s Digest, July 25-31

2021-07-31T19:35:45+00:00 July 31st, 2021|Crypto News|

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekAmazon plans to accept Bitcoin payments this year, claims insiderThe crypto community was going wild at the beginning of this week after [...]

Bitcoin ‘supercycle’ sets up Q4 BTC price top as illiquid supply hits all-time high

2021-07-31T15:25:16+00:00 July 31st, 2021|Crypto News|

Recent events mean that a Q4 "blow-off top" is now back on the menu as BTC price recovery clings to its 23% weekly gains. Markets News Bitcoin (BTC) is gearing up for a comeback which should lead it to repeat classic bull run years 2013 and 2017, analysts are arguing.As $42,400 local highs appeared on July 31, narratives around the market are flipping back to [...]

Bitcoin records rare 10-day winning streak as BTC price taps $42K ceiling

2021-07-31T10:53:08+00:00 July 31st, 2021|Crypto News|

Daily chart data shows the strength of the current rally as a longstanding resistance level finally shows signs of falling. Market Update Bitcoin (BTC) shot to new highs of $42,400 on July 31 in a surprise attack on range resistance which sellers failed to squash.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin seals 10 green candles in first since 2012Data from Cointelegraph Markets Pro and TradingView showed [...]

Traders forecast $3K Ethereum price but derivatives data suggests otherwise

2021-07-31T01:05:00+00:00 July 31st, 2021|Crypto News|

ETH might have rallied 35% off its $1,750 low but derivatives data shows pro traders are not so bullish. Market Analysis Ether (ETH) rallied 35% over the past ten days and reclaimed the critical $2,300 support, but the crucial $2,450 local top hasn't been tested since June 17. Part of the recent recovery can be attributed to the London hard fork, which is expected to [...]

5 easy ways crypto investors can make money without needing to trade

2021-07-30T23:00:00+00:00 July 30th, 2021|Crypto News|

Want to get paid to HODL? Here are five easy ways crypto investors make money without trading. Market Analysis Large price jumps and 100x gains get a lot of attention from pundits and influencers in the cryptocurrency community because they offer the hope of overnight riches. In reality, these opportunities are few and far between. Not to mention, only a handful of traders actually manage [...]

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Cardano risks 60%-90% drop, warns trader with ADA painting a classic bearish pattern

2021-07-30T15:33:23+00:00 July 30th, 2021|Crypto News|

Spotted by veteran analyst Peter Brandt, the classic technical pattern can result in ADA price losing almost 90%. Altcoin Watch Cardano is close to attaining the title of a fully-fledged smart contracts platform following a critical upgrade in mid-July. The project's founder Charles Hoskinson confirmed that they recently processed the sales of more than $10 million worth of non-fungible tokens atop their public ledger. Moreover, an [...]

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Who takes gold in the crypto and blockchain Olympics?

2021-07-30T15:33:02+00:00 July 30th, 2021|Crypto News|

Every four years (usually), the world comes together in a celebration of sport and competition at the Olympic Games. In the spirit of Tokyo 2020, let’s look at countries that are deserving of gold medals across different spheres of the cryptocurrency and blockchain space.The variety of sports featured at the Olympics have changed over the years, and the current summer Olympics in Japan features a [...]

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$25B investment firm adds ‘riskier’ Grayscale GBTC and ETHE for clients

2021-07-30T14:30:48+00:00 July 30th, 2021|Crypto News|

Wealthfront users will now be able to have up to 10% of their portfolios composed of the Grayscale Bitcoin and Ethereum Trusts. Markets News Bitcoin (BTC) and Ether (ETH) exposure has come to one of the world's biggest automated investment firms.In a blog post on July 29, Wealthfront, which has $25 billion in assets, confirmed that it had added two Grayscale funds to its suite [...]

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Bitcoin accumulation accelerates among ‘whales’ and ‘fish,’ while BTC rallies to $40K

2021-07-30T12:19:29+00:00 July 30th, 2021|Crypto News|

“This is just on-chain sentiment, though. The big question is, how does that correlate to the price action in general?” Market Analysis Both small and rich Bitcoin (BTC) traders accumulated the benchmark cryptocurrency en masse during the period when its prices rose from below $30,000 to over $40,000, signaling their confidence in the asset’s long-term bullish setup.The basis of the upside outlook came from Ecoinometrics, [...]

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Bitcoin OTC desks buzz as analyst warns big players ‘want your Bitcoin’

2021-07-30T09:27:40+00:00 July 30th, 2021|Crypto News|

There's no shortage of demand for Bitcoin at current prices, but volatility to the downside is back on Friday. Markets News Bitcoin (BTC) is being aggressively bought up by institutional entities this week as data shows over-the-counter (OTC) trading volumes spiking.As noted by Dylan LeClair, co-founder of analytics and advisory firm 21st Paradigm, high net worth individuals have clear interest in Bitcoin at current prices.Investors [...]

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Shanghai Man: Crypto recovers, disasters strike, and China’s crackdown moves to other sectors

2021-07-30T00:55:29+00:00 July 30th, 2021|Crypto News|

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.  It was a tumultuous week in China outside the financial world with severe flooding hitting Zhengzhou and typhoon In-Fa lashing into cities around Shanghai. Even worse, a COVID-19 Delta-variant outbreak in Nanjing is now [...]

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Bitcoin traders express mixed emotions about what’s next for BTC price

2021-07-29T22:15:00+00:00 July 29th, 2021|Crypto News|

Bitcoin traders are at odds about where BTC price may head after it failed to flip the $40,000 level to support. Market Update The rumor that Amazon would accept cryptocurrency payments sparked a wave of bullish enthusiasm across the crypto market earlier in the week but now this sentiment has begun to wane as Bitcoin (BTC) bulls face stiff resistance at the $40,000 level. Data from [...]

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Bitcoin bulls control Friday’s $1.7B monthly options expiry

2021-07-29T19:40:00+00:00 July 29th, 2021|Crypto News|

Bitcoin's surge above $40,000 boosted the bulls' advantage in this month's $1.7 billion options expiry. Market Analysis On Friday, July 30, a total of 42,850 Bitcoin (BTC) option contracts ($1.7 billion) are set to expire. This might be the first time since the May 21 weekly expiry that bulls will be able to profit from the $40,000 call (buy) options. The most recent surge in price [...]

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Ethereum price can hit $14K if the March 2020 chart fractal holds

2021-07-29T17:30:00+00:00 July 29th, 2021|Crypto News|

One trader spotted the fractal, which employs three classic technical indicators to predict an upside trend for Ethereum. Altcoin Watch Ethereum's native asset Ether (ETH) faces prospects of closing above $14,000 sometime in 2021 based on its current trend's striking similarity with the one from last year.Ether price fractalFirst spotted by user TradingShot, the Ethereum fractal involves three technical indicators: a 50-day simple moving average [...]

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Is Bitcoin a religion? If not, it soon could be

2021-07-29T13:07:57+00:00 July 29th, 2021|Crypto News|

Hass McCook is a respected Sydney-based civil engineer who has worked on some of the most spectacular buildings in the world, from Munich’s Allianz Arena to Singapore’s Marina Bay Sands.He also considers Bitcoin to be his religion.Better known on Twitter as Friar Hass, the 35-year-old had a religious epiphany about Bitcoin in 2017.In a tale reminiscent of the Bible’s The Trials of Job, McCook bought [...]

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Bitcoin struggles at $40K after ‘most confusing’ Jerome Powell press conference

2021-07-29T13:00:00+00:00 July 29th, 2021|Crypto News|

The Federal Reserve Chairman had to explain what he meant by the term "transitory" inflation as he admitted that consumer prices have gone higher than he and other central bank officials had anticipated. Market Update Bitcoin (BTC) rose above $40,000 on Thursday, a day after the Federal Reserve hinted that it was getting nearer to unwind its asset purchasing program that has boosted the United [...]

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Bitcoin open interest mimics Q4 2020 as new report ‘cautiously optimistic’ on BTC rally

2021-07-29T12:07:57+00:00 July 29th, 2021|Crypto News|

An allusion to the start of this year’s bullish progress comes as $40,000 refuses to go quietly as resistance. Markets News Bitcoin (BTC) futures open interest is mimicking the start of the BTC price bull run, data shows.As BTC/USD hovered near $40,000 on Thursda, a fresh bullish report from Stack Funds called for “cautious optimism” about further price rises.Bitcoin has sought to flip $40,000 to [...]

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Record 57K BTC leave exchanges in one day, dropping Bitcoin reserves to pre-crash levels

2021-07-29T08:45:05+00:00 July 29th, 2021|Crypto News|

57,000 BTC leaves exchanges in a single day as demand returns with Bitcoin at the upper end of its multi-month trading corridor. Market Update Bitcoin (BTC) demanded a $40,000 resistance flip on Thursday as on-chain data revealed large withdrawals from exchanges.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewExchange balances shed 57,000 BTCData from Cointelegraph Markets Pro and TradingView showed BTC/USD rise to challenge the upper end [...]

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Bears scattered as Bitcoin hit $40K, but pro traders remain cautious

2021-07-29T02:20:00+00:00 July 29th, 2021|Crypto News|

Bitcoin's rally to $40,000 alleviated some of the bearish sentiment in the market, but data shows derivatives traders still walking on eggshells. Market Analysis Bitcoin (BTC) traders might be feeling extra euphoric after the recent 35% rally, but data suggests bears are not too worried because a similar breakout took place in mid-July and the price failed to hold the $40,000 support.To understand how bullish [...]

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VORTECS™ Spotlight: Here’s why Telcoin’s (TEL) rebound eclipsed most altcoins

2021-07-28T19:45:00+00:00 July 28th, 2021|Crypto News|

As Bitcoin price reversed course, a key trading indicator flashed bullish hours before TEL embarked on a sharp 82% rally. Market Analysis Last week, as Bitcoin resurged after briefly falling below $30,000, a good number of altcoins embarked on their own relief rallies. Telcoin (TEL) was among this large group of digital assets whose prices shot up on July 21. Unlike most of its peers, however, [...]

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Small-cap altcoins push higher as Bitcoin bulls fight to hold $40,000

2021-07-28T18:20:21+00:00 July 28th, 2021|Crypto News|

LINA, WRX and STORJ led altcoins higher even as Bitcoin bulls encounter resistance at the $40,000 level. Altcoin Watch Bitcoin’s (BTC) recent surge above $40,000 injected a healthy dose of bullish optimism into the crypto market and further proof of this comes from the Crypto Fear and Greed index which has decreased from 'extreme' to 'neutral'. Data from Cointelegraph Markets Pro and TradingView shows that the [...]

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Ethereum pares gains, Bitcoin pushed under $40K as the Fed is set to reveal tapering plans

2021-07-28T16:20:00+00:00 July 28th, 2021|Crypto News|

The two cryptocurrencies appear directionless after correcting in sync lower from their monthly highs. Markets News Ether (ETH) and Bitcoin (BTC) pulled back on Wednesday as investors awaited fresh guidance from the United States Federal Reserve (Fed).ETH price slipped by 0.57% to $2,857, while the BTC/USD prices were up 0.68%, changing hands at $39,739 at around 10:30 am EST. Nevertheless, both the pairs reached their [...]

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Bitcoin fails to flip $40K with traders eyeing $36K or lower for support

2021-07-28T15:54:52+00:00 July 28th, 2021|Crypto News|

A welcome retracement should involve a bounce at a minimum of $32,500, forecasts assume after heavy resistance hits BTC/USD. Market Update Bitcoin (BTC) saw tough resistance after nearing $41,000 on July 28 amid calls for consolidation of recent gains.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$40,000 yet to stick as new supportData from Cointelegraph Markets Pro and TradingView showed BTC/USD pulling back below the $40,000 mark [...]

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XRP price skyrockets by 17% as double bottom chart pattern takes shape

2021-07-28T11:28:57+00:00 July 28th, 2021|Crypto News|

Ripple’s XRP token is in the middle of a bullish breakout, which could open the door to $1 next. Altcoin Watch XRP’s price swung higher on Wednesday as its parent company, Ripple, entered an agreement with SBI Remit to back a remittance corridor from Japan to the Philippines.Positive news boosts XRP’s priceThe Ripple blockchain’s native cryptocurrency, also ranked as the sixth-largest digital asset by market [...]

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Bitcoin price is returning to $40K — But will shorts have their revenge?

2021-07-28T09:43:13+00:00 July 28th, 2021|Crypto News|

An analyst promises an “interesting few days” as volatility firmly reenters the Bitcoin market and sentiment transforms. Market Update Bitcoin (BTC) returned to $40,000 on Wednesday as bulls and bears waged a tug-of-war for hard-won higher ground.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView“A lot can happen” from current BTC price levelsData from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $40,200 overnight, sealing a rare [...]

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