Bitcoin has an incredibly scarce supply of just 21 million BTC. This supply was just slashed in half with the asset’s halving. An institutional focused investment firm that was previously absorbing as much as two-thirds of the newly mined BTC supply, is now buying up as much as 150% of it. Is this a sign…
DetailsFor over two years now, Bitcoin has been outperforming altcoins like Ethereum and others. BTC dominance has continued to climb as a result. However, Ethereum may be forecasting another 50% drop on the ETHBTC trading pair that could bring dominance back to pre-bubble levels. ETHBTC Points To Dangerous Ethereum Drop Against Bitcoin In early 2020,…
DetailsEthereum has been pushing higher throughout the past day alongside Bitcoin and most other major altcoins. This climb has come about after an extended period of sideways trading within the lower-$200 region. It does appear that buyers are now attempting to lay the groundwork for it to see even further upside. One analyst even believes…
DetailsBitcoin has been flashing signs of immense strength throughout the past few days as it pushes up towards the mid-$9,000 region. Although on a surface level this movement appears to be bullish, it is important to note that the cryptocurrency is now pushing up against heavy resistance. A rejection here could ultimately lead it to…
DetailsJust a day after Goldman Sachs came out with a scathing presentation on Bitcoin, the asset is rallying. Investors are clearly shaking off the “FUD” the multinational bank through the cryptocurrency market’s way. Just minutes ago as of the time of this article’s writing, BTC shot higher to cross $9,600. It reached a local high…
DetailsGemini, the crypto asset exchange founded by the Winklevoss Twins, has become the first exchange to partner with Samsung, the companies announced on Thursday. Samsung will be integrating Gemini in the Samsung Blockchain Wallet, allowing users to transfer their holdings from gemini into self-custody. Gemini Announces Collaboration With Samsung Blockchain Wallet When Samsung revealed that…
DetailsOver the past few weeks, analysts have said Bitcoin is finally finding a local top. For the third time in a matter of months, the cryptocurrency was rejected in the $10,000 range. It was a rejection that caused many to reconsider their bullish stance on BTC due to the level’s importance. Though derivatives data and…
DetailsBitcoin is up more than 4% and it broke the key $9,500 resistance zone against the US Dollar. BTC price is currently correcting lower, but dips remain supported near $9,350. Bitcoin gained traction above the $9,300 and $9,500 resistance levels. The price traded as high as $9,624 and it is currently correcting lower. There is…
DetailsRen, a decentralized finance protocol friendly to Ethereum that enables inter-blockchain liquidity, has announced the launch of the RenVM mainnet. The company said that RenVM will bring cross-chain assets to the Ethereum ecosystem. This will begin first with the introduction of BTC, BCH, and ZEC, and later with other digital assets. Non-Custodial Bitcoin Coming to…
DetailsAfter holding under $9,000 for days on end, Bitcoin surged higher to hit $9,200 on Wednesday morning. It was a small move in percentage terms but still notable in terms of its technical significance. $9,000, after all, has been defined as a key level for Bitcoin both technically and psychologically. With the price breaking out…
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