After holding in the high-$9,000s for days on end, Bitcoin recently exhibited some weakness uncharacteristic to the recent uptrend. The cryptocurrency fell from the $9,800 support level to $9,100 in a move that liquidated $40 million, with BTC plunging on fears of Satoshi Nakamoto liquidating his coins. Bitcoin price chart from TradingView.com. Chart shows the cryptocurrency’s…
DetailsHedge funds with exposure in the Bitcoin market have returned better year-to-date yields than their traditional peers, according to researchers at HFR. A rally in April 2020 lifted crypto hedge fund YTD profits to 13.4 percent, while a wider hedge fund industry suffered losses. Meanwhile, the Embark Group’s Peter Toogood warned that many fund managers…
DetailsBitcoin failed to climb above the $9,950 and $10,000 resistance levels against the US Dollar. BTC price is currently plunging and it is now vulnerable to more losses below $9,400. Bitcoin is down more than 3% from the weekly high and it is now showing bearish signs. The price is trading well below the $9,600…
DetailsThis morning, a 50 BTC transaction with a UTXO from February 2009 was made, sending the Bitcoin community into a storm of speculation. Was it Satoshi who was moving the coins, or someone close to the original, mysterious creator of the first-ever cryptocurrency? The discussion has brought back discussion as to who Satoshi actually could…
DetailsSo-called “Crypto Twitter” was set ablaze today by an unusual 50 Bitcoin transaction made by a Satoshi-era wallet from 2009 that has been dormant for over a decade. News of this initially led many to speculate that this could be the cryptocurrency’s elusive founder – Satoshi Nakamoto –moving his holdings, but later data suggests that…
DetailsThe global Coronavirus pandemic has had far reaching political and economic effects, leading to widespread money printing that will eventually catalyze immense inflation. So far, Bitcoin has been a beneficiary from this ongoing economic turbulence. There now appears to be a strong case for the idea that the US Dollar will cede its global dominance…
Details50 Bitcoins that have been mined in the network’s first month have just been moved from an address Craig Wright claimed he owned. The address was part of a list of 16,000 addresses delivered by the bonded courier in January this year, to which Craig claims he had lost the keys to. This poses a…
DetailsThe crypto market was surprised to find that an 11-year-old Bitcoin wallet from early 2009 – just after the cryptocurrency’s launch – is now moving BTC. This has sparked a plethora of theories to emerge regarding whether or not it is Satoshi himself – or one of his associates – that is moving the cryptocurrency.…
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Crypto analysts use different tactics to try and predict future price movements in Bitcoin and altcoins. Due to the speculative nature of the emerging asset class, the study of emotion-driven impulses and corrections – called Elliott Wave Theory – can be particularly insightful. According to one crypto analyst that focuses solely on the practice of…
DetailsA new and wildly unusual COVID-19 lockdown strategy proposal for slowly reopening the economy has many investors and financial analysts scratching their heads, and it could impact Bitcoin‘s recent bullish momentum. Bitcoin And Other High-Risk Assets Like Stocks Remain Exposed to Another Collapse Fear, uncertainty, and doubt. FUD is among the most commonly used terms…
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