Bookmarking Crypto Insights
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The field of sentiment analysis (SA) is evolving rapidly. Since news.Bitcoin.com last covered the subject in May, two new platforms have emerged, each claiming to offer smarter tools to facilitate more informed trading. Gathering accurate sentiment from the web and then using it to create actionable insights is a complex task, but the developers behind … Read more
Electricity is the number one cost for cryptocurrency mining, giving an edge to whoever can secure it for the lowest price. Bitfarms, which has access to cheap renewable energy in Canada, reports that mining a single BTC cost the company just $1567 in the first half of the year. Also Read: The Daily: Huobi Nears … Read more
The cryptocurrency markets are consolidating today, following BTC’s recent break above the major descending trendline dating back to December’s all-time highs and subsequent rally to approximately $7,150 USD. Also Read: Reserve Bank of India Anticipates Shift to P2P Crypto Trading BTC Consolidates Around $7,000 After Short Squeeze and Broken Trendline The BTC markets appear to be … Read more
Derivatives trading isn’t new, but it’s been enjoying a renaissance of late. As the cryptocurrency market has traded sideways, traders have upped the leverage and rushed to swap BTC derivatives that promise greater risk and reward. While platforms like Bitmex and Deribit have profited from the boom in synthetic assets, many traders have been left … Read more
The BTC markets are testing a key resistance area, with price action appearing to be making a third point of contact with a major descending trendline dating back to December 2017. Also Read: Japan Roundup: No Excessive Crypto Regulation, Quoine Launches New Platform BTC On Cusp of Testing Major Trendline The BTC markets appear on the … Read more
Over the past few days, a good portion of cryptocurrency assets have been increasing in value. In fact, this Saturday, August 25, 19 out of the top 20 digital assets have seen gains in the past 24 hours. Today the total market capitalization of the entire crypto-economy is around $219B USD with about $10.88B in … Read more
The BTC markets rallied today, with a minor short squeeze quickly driving the price up by more than 5% in less than half an hour. The move, however, may have been short-lived, with both volume and price action failing to have gathered further momentum following the sudden spike. Also Read: Apple Co-Founder: Crypto World “Like the … Read more
It’s been an interesting 12 hours for BTC, with the cryptocurrency finally breaking through resistance levels. Most of the drama took place within the space of just a few minutes, when BTC gained $400 without blinking. It is no coincidence, however, that the event took place just as the popular cryptocurrency exchange Bitmex went offline. … Read more
Cryptocurrency markets have been consolidating after a few volatile spikes and subsequent dumps over the last few weeks. Now a lot of crypto-traders are uncertain what will happen next, but quite a lot of people are showing pessimism by betting against cryptocurrencies like BTC with short positions. At the moment, BTC/USD short positions on Bitfinex … Read more
Cryptocurrency prices have seen some recovery after our last markets update four days ago when a large majority of digital assets lost quite a bit of value. Since then, and more so over the last 48 hours, the entire crypto-economy capitalization ($216B) has gained roughly $20B. The action yesterday was more bullish as most of … Read more
