Cryptocurrency Market Analysis

20 07, 2021

Onessus / DappRadar

2021-07-20T17:07:00+00:00 July 20th, 2021|Crypto News|Comments Off on Onessus / DappRadar

Cointelegraph Magazine is a new publication that goes beyond the daily news and delves much more deeply into the stories, trends, and personalities that inspire cryptocurrency and blockchain conversations around the world. We are people-centric, delving into *why* the true believers of blockchain feel they can change the world (and why they think it needs to be changed). Through long-form features, thoughtful analysis, and a [...]

20 07, 2021

Bitcoin bull outlines 7 steps to more fiscal stimulus and higher BTC prices

2021-07-20T14:30:00+00:00 July 20th, 2021|Crypto News|Comments Off on Bitcoin bull outlines 7 steps to more fiscal stimulus and higher BTC prices

Bitcoin's drop below $30,000 has sparked worries that it is heading to $20,000 next, but is such a massive drop feasible against the backdrop of current macro fundamentals? Markets News A recent sell-off in the Bitcoin (BTC) market pushed its prices below the key psychological support of $30,000. While the cryptocurrency's move downhill prompted many analysts, including Luno exchange's Vijay Nayyar and Kinetic Capital's Jehan [...]

20 07, 2021

Coercion and coexistence: How El Salvador’s Bitcoin Law may change global finance

2021-07-20T14:29:35+00:00 July 20th, 2021|Crypto News|Comments Off on Coercion and coexistence: How El Salvador’s Bitcoin Law may change global finance

“Clearly, the thing that’s transforming is not the technology — the technology is transforming you.” Jeanne Ross, formerly of the MIT Sloan Center for Information Systems ResearchIf El Salvador’s “Bitcoin Law” was “the shot heard round the world” for Bitcoin, then when the International Monetary Fund (IMF) and the World Bank questioned the legislation, it was the incumbent empire striking back. However, if El Salvador can [...]

20 07, 2021

Bitcoin erases 2021 gains as BTC price falls to ‘biggest bid ever’ on Binance

2021-07-20T13:30:00+00:00 July 20th, 2021|Crypto News|Comments Off on Bitcoin erases 2021 gains as BTC price falls to ‘biggest bid ever’ on Binance

BTC is back at square one when it comes to this year's bull market, but unparalleled bids are doing their best to halt any further losses. Markets News Bitcoin (BTC) breaking below $30,000 has cost it almost all of its 2021 bull run gains — but a historic silver lining is ready to rescue bulls.Data from crypto exchange Binance's order book confirms that BTC/USD has [...]

20 07, 2021

Rothschild Investment Corp has increased its Bitcoin exposure by 300% since April

2021-07-20T11:15:35+00:00 July 20th, 2021|Crypto News|Comments Off on Rothschild Investment Corp has increased its Bitcoin exposure by 300% since April

Rothschild Investment Corp has bought more Bitcoin and Ether exposure via Grayscale despite the ongoing crypto market retreat. Markets News Billion-dollar investment firm Rothschild Investment Corp quadrupled its exposure to Bitcoin (BTC) since April, new records show.In a filing with the United States Securities and Exchange Commission (SEC) on Saturday, Rothschild confirmed that it now owns 141,405 shares of the Grayscale Bitcoin Trust (GBTC). Rothschild GBTC [...]

20 07, 2021

No hard fork love for Ethereum as ETH price falls to a three-week low

2021-07-20T09:03:15+00:00 July 20th, 2021|Crypto News|Comments Off on No hard fork love for Ethereum as ETH price falls to a three-week low

Ether continues to trade lower under the shadow of Bitcoin in days leading up to its supply-crunching hard fork event. Altcoin Watch Ether (ETH) prices slid on Tuesday in tandem with Bitcoin’s (BTC) drop below $30,000.The ETH/USD exchange rate dropped 5.41% to an intraday low of $1,720 — or roughly $400 above its 2018 all-time high price — which should serve as an important psychological [...]

20 07, 2021

Crypto joins stocks in ‘extreme fear’ after Bitcoin loses $30K support

2021-07-20T08:31:57+00:00 July 20th, 2021|Crypto News|Comments Off on Crypto joins stocks in ‘extreme fear’ after Bitcoin loses $30K support

A rout in sentiment in both crypto and traditional markets underscores the “extreme fear” surrounding Bitcoin’s move below $30,000. Market Update Bitcoin (BTC) failed to regain $30,000 after losing support on Tuesday as Fear & Greed indexes raced each other to the bottom. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC’s price stays below $30,000 waterlineData from Cointelegraph Markets Pro and TradingView showed BTC/USD continued trading in the [...]

20 07, 2021

Institutional demand for Bitcoin evaporates as BTC struggles below $31K

2021-07-20T01:00:00+00:00 July 20th, 2021|Crypto News|Comments Off on Institutional demand for Bitcoin evaporates as BTC struggles below $31K

A lack of institutional demand and several bearish factors are complicating all efforts to pull Bitcoin price back above the $31,000 level. Markets News The rocky road that Bitcoin (BTC) has been on for the past two months continued on July 19 as a widely predicted move downwards materialized in the early hours on Monday and dropped the price of BTC below $31,000. Data from Cointelegraph Markets [...]

19 07, 2021

3 reasons why Bitcoin Standard Hashrate (BTCST) price rallied by 50%

2021-07-19T20:43:03+00:00 July 19th, 2021|Crypto News|Comments Off on 3 reasons why Bitcoin Standard Hashrate (BTCST) price rallied by 50%

BTCST earnings per staked token increased after China cracked down on Bitcoin miners and the network’s hashrate dropped. Altcoin Watch China’s ongoing crackdown on Bitcoin (BTC) mining resulted in a mass relocation of mining operations out of the country and it has led to a more than fifty percent drawdown in the Bitcoin network hashrate from an all-time high of 197.9 exahash per second (ehash/s) [...]

19 07, 2021

Bitcoin price dives below $31K after lowest weekly close in 8 months

2021-07-19T13:00:04+00:00 July 19th, 2021|Crypto News|Comments Off on Bitcoin price dives below $31K after lowest weekly close in 8 months

It’s doom and gloom for Bitcoin a day after the feared Grayscale unlocking event, with altcoins performing even worse. Breaking news Bitcoin (BTC) fell below $31,000 support on Monday after sideways trading gave way to downside pressure. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewFresh pain for BTC priceData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local lows of $30,630 on Bitstamp on Monday.Coming a day [...]

19 07, 2021

Grayscale ‘100% committed’ to turning GBTC into Bitcoin ETF — CEO

2021-07-19T11:36:00+00:00 July 19th, 2021|Crypto News|Comments Off on Grayscale ‘100% committed’ to turning GBTC into Bitcoin ETF — CEO

Bitcoin is just a “couple of points of maturation” away from getting an approved ETF in the U.S., says Grayscale CEO. Markets News The head of crypto investment giant Grayscale believes that only a “couple of maturation points” separate the United States from its first Bitcoin (BTC) exchange-traded fund (ETF).Speaking to CNBC on July 19, Michael Sonnenshein reiterated that a U.S. ETF is a matter [...]

19 07, 2021

Fed takes on stablecoins: 5 things to watch in Bitcoin this week

2021-07-19T08:51:10+00:00 July 19th, 2021|Crypto News|Comments Off on Fed takes on stablecoins: 5 things to watch in Bitcoin this week

Bitcoin continues its recovery from the China mining debacle, but price action remains delicate in a low-volume market. Markets News Bitcoin (BTC) emerges into a new week with middling price action and optimistic fundamentals — what could the coming days have in store?Still holding $30,000 support, there’s little about Bitcoin to truly excite traders, but volatility has already reminded them of its presence over the [...]

18 07, 2021

Top 5 cryptocurrencies to watch this week: BTC, MATIC, THETA, CRO, LEO

2021-07-18T22:43:46+00:00 July 18th, 2021|Crypto News|Comments Off on Top 5 cryptocurrencies to watch this week: BTC, MATIC, THETA, CRO, LEO

MATIC, THETA, CRO and LEO could push higher this week if Bitcoin price holds above the $30,000 level. Price Analysis Bitcoin (BTC) bulls have successfully defended the $30,000 level in the past few days but the failure to achieve a strong rebound has some traders worried that the price will eventually dip to new lows. In a series of tweets, Ecoinometrics said that the current correction [...]

18 07, 2021

$31.5K Bitcoin price on track for lowest weekly close of 2021

2021-07-18T18:13:30+00:00 July 18th, 2021|Crypto News|Comments Off on $31.5K Bitcoin price on track for lowest weekly close of 2021

Performance remains grimly sideways on the day of the largest GBTC unlocking event. Market Update Bitcoin (BTC) was on track to lose nearly $3,000 this week as a weekend of mixed price behavior came to an end.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader hopes for last-minute BTC price volatility Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading at just above $31,500 late Sunday — a [...]

18 07, 2021

Bitcoin sees second-longest bull market drawdown with BTC price ‘stuck’ at $30K

2021-07-18T12:40:11+00:00 July 18th, 2021|Crypto News|Comments Off on Bitcoin sees second-longest bull market drawdown with BTC price ‘stuck’ at $30K

Bitcoin bull markets frequently see corrections from all-time highs, but only 2013 has beaten this year in terms of waiting times for a rebound. Markets News It's now three months since the last Bitcoin (BTC) all-time high, but one measure suggests that holders may be waiting even longer for the next.In a series of tweets on July 17, analytics service Ecoinometrics revealed that this year's [...]

18 07, 2021

Here’s one way to trade Bitcoin even as BTC price teeters over an abyss

2021-07-18T00:00:00+00:00 July 18th, 2021|Crypto News|Comments Off on Here’s one way to trade Bitcoin even as BTC price teeters over an abyss

Bears have pushed Bitcoin price to the lowest rungs of its current range, but savvy traders can still generate a nice profit via the Iron Condor options strategy. How to crypto In the last 29 days, Bitcoin (BTC) has been ranging from $31,000 to $36,000 as the impact of the recent China ban and a $1.4 billion Grayscale GBTC share unlocking continue to pressure markets.China’s [...]

17 07, 2021

Historically low spot volumes and investor indecision weigh on Bitcoin price

2021-07-17T21:36:04+00:00 July 17th, 2021|Crypto News|Comments Off on Historically low spot volumes and investor indecision weigh on Bitcoin price

Bitcoin price struggles to gain momentum as historically low spot volumes and a strengthening dollar result in widespread indecision from most traders. Market Analysis If one word could be used to describe how the majority of participants in the cryptocurrency ecosystem feel about the near-term outlook for Bitcoin (BTC) it would be 'undecided', as mixed signals from all manner of indicators have many traders waiting [...]

17 07, 2021

SEC delays another ETF decision, Binance news, and more sideways BTC price action: Hodler’s Digest, July 11–17

2021-07-17T20:00:43+00:00 July 17th, 2021|Crypto News|Comments Off on SEC delays another ETF decision, Binance news, and more sideways BTC price action: Hodler’s Digest, July 11–17

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 WeekNew data hints why Bitcoin price action has spent two months at $30KBitcoin (BTC) posted another week of range-bound price action. Bitcoin [...]

17 07, 2021

Bitcoin price set to rebound? BTC shorts on Bitfinex crash by 25% after record spikes

2021-07-17T14:46:39+00:00 July 17th, 2021|Crypto News|Comments Off on Bitcoin price set to rebound? BTC shorts on Bitfinex crash by 25% after record spikes

The latest meltdown in BitFinex BTC shorts could follow up with a spike in spot Bitcoin bids, stated one analyst. Market Analysis Bitcoin (BTC) bears should watch out for a potential blow as the number of margined short positions on the Bitfinex exchange crashes by roughly 25%.The dataset dropped to 11,066 BTC as of 12:20 GMT Saturday, compared to 14,897 BTC at the session's open. [...]

16 07, 2021

NEM, Augur and District0x price push higher while Bitcoin trades below $32K

2021-07-16T23:30:00+00:00 July 16th, 2021|Crypto News|Comments Off on NEM, Augur and District0x price push higher while Bitcoin trades below $32K

Massive spikes in trading volume sent the price of XEM, REP and DNT higher even as Bitcoin price hit a weekly low at $31,000. Altcoin Watch Bitcoin (BTC) is on the verge of closing another week that saw the price dip closer to $30,000 but the same bearish observation cannot be made for all altcoins. On Friday, several smaller-cap altcoins managed to shake off the [...]

16 07, 2021

Big bullish pattern on US dollar index chart puts Bitcoin at risk of losing $30K

2021-07-16T17:28:34+00:00 July 16th, 2021|Crypto News|Comments Off on Big bullish pattern on US dollar index chart puts Bitcoin at risk of losing $30K

A strengthening dollar could be negative for pretty much every risk asset on board, including Bitcoin, whose value boomed against the dwindling greenback after March 2020. Market Analysis Dollar traders have kept a close eye on a potentially bullish "inverse head-and-shoulders" pattern building in the U.S. dollar index (DXY) chart. Meanwhile, the smell of a stronger greenback is weakening Bitcoin's (BTC) upside case, especially as [...]

16 07, 2021

Bitcoin price passes $32K with traders wary of ‘relief rally’ if resistance stays

2021-07-16T16:19:03+00:00 July 16th, 2021|Crypto News|Comments Off on Bitcoin price passes $32K with traders wary of ‘relief rally’ if resistance stays

Bitcoin may not be able to make good on its Bank of America pump if its daily close fails to impress. Market Update Bitcoin (BTC) passed $32,000 later on July 16 as positive reactions over Bank of America's (BoA) Bitcoin futures go-ahead continued.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin nears $32,300 point of interest Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rising 1.4% on the [...]

16 07, 2021

Bitcoin bounces off $31K after Bank of America greenlights BTC futures trading

2021-07-16T13:04:47+00:00 July 16th, 2021|Crypto News|Comments Off on Bitcoin bounces off $31K after Bank of America greenlights BTC futures trading

Little change on Bitcoin markets as sideways trading continues and a clear bear trend is yet to enter decisively. Breaking news Bitcoin (BTC) continued to bounce off $31,000 support during Friday as fresh data reinforced the importance of current price levels.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewNo trip to $42,000?Data from Cointelegraph Markets Pro and TradingView showed BTC/USD repeatedly testing but, so far, not breaking through [...]

16 07, 2021

DeFi can be halal but not DOGE? Decentralizing Islamic finance

2021-07-16T12:52:59+00:00 July 16th, 2021|Crypto News|Comments Off on DeFi can be halal but not DOGE? Decentralizing Islamic finance

While Islamic scholars have long wrestled with the question of whether cryptocurrency is halal, what if it’s really fiat that isn’t permissible?Islam has strict rules around finance, and it historically defines currency as commodities with intrinsic value — gold, silver, or salt, among others. Waseem Mamlouk, from the DeFi platform Nimbus, argues that government-issued fiat currencies do not have any intrinsic value and may be [...]

16 07, 2021

Here’s 2 ways clever pro traders spot crypto and stock price reversals

2021-07-16T00:16:48+00:00 July 16th, 2021|Crypto News|Comments Off on Here’s 2 ways clever pro traders spot crypto and stock price reversals

Many successful traders look for double bottom and W bottom reversal patterns on technical charts in order to spot powerful price reversals. How to crypto Trading in the direction of the trend is one of the best ways to be profitable. If traders learn to spot a new trend early, it provides an opportunity to buy with a good risk to reward ratio. In addition [...]