After what seems like a thousand years of stability and a slight downtrend, bitcoin is back. Volatility is wreaking havoc. Trading volume seems to be picking up steam. And, more importantly, the community’s morale is climbing up. In any case, what do the data and the on-chain analysis say? Are the numbers high enough to…
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Market strategist Michael Lee says that he sees bitcoin reaching new all-time highs. Lee was on Fox Business Monday in an interview to talk about his outlook on bitcoin. Lee is the founder of investment firm Michael Lee Strategy which offers wealth planning and investment management to clients. Michael Lee Strategy offers its services as…
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Bitcoin has seen losses in the past day after a rejection north of the $40,000 resistance. At the time of writing, the first cryptocurrency by market cap trades at $37,598 with a 5.6% loss in the 24-hour chart. BTC with minor losses in the daily chart. Source: BTCUSD Tradingview In the weekly chart, Bitcoin records…
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All across finance, the conversation of the day has been centered around China and the ongoing regulatory crackdown As it pertains to the crypto market and assets like Bitcoin and Ethereum, holders are wondering if there could be spillover effect and additional FUD that could on the ongoing recovery in play. But it is in…
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Data shows that on Monday crowded Bitcoin shorts have lead to the largest recorded squeeze in the history of the cryptocurrency. Bitcoin Records Largest Short Squeeze Ever As per an Arcane Research report, BTC has recorded the largest squeeze in its history where $750 million worth of shorts have been liquidated. Here is a chart…
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A “significant” decoy selection bug has been reported for Monero via the project’s official Twitter handle. According to the investigation, carried out by software developer Justin Berman, the bug “may impact your transaction’s privacy” during a brief window of time after funds have been received. If users spend funds immediately following the lock time in…
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Bitcoin price promptly lost $1,000 in 12 hours after an Amazon spokesperson confirmed that the company was not planning to add bitcoin to its platform. The price which had seen a major uptick in the price in the day following the news of the company accepting bitcoin has now started to correct back down. Amazon…
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Orion Protocol recently launched its AMM solution, Orion Pool, powering multiple crypto-related activities from a single user interface. The platform has integrated leading swap pools, DEXs, and CEXs, constructing the first decentralized gateway to the entire cryptocurrency market. A New Age Of Decentralized Finance From One Interface With Bitcoin and other cryptocurrencies on the rise,…
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On-chain analysis shows huge Bitcoin outflows from crypto exchange Binance. BTC might keep the rally up and break $40k. Huge Bitcoin Outflows On Binance As pointed out by a CryptoQuant post, the crypto exchange has observed huge outflows of BTC on Monday. The Binance Outflows indicator shows the amount of Bitcoin transferred from the Binance…
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Ethereum failed to stay above $2,400 and started a major correction against the US Dollar. ETH price is now approaching the key $2,100 and $2,080 support levels Ethereum failed to gain pace above $2,400 and it started a downside correction. The price is now trading below $2,200 and the 100 hourly simple moving average. There…
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