Market Update: Bitcoin Captures $11K, Flash Buy Signals, Bollinger Band Squeeze

Cryptocurrency markets are seeing decent gains on Friday following the announcement Square made the day prior about purchasing $50 million worth of bitcoin for reserves. During the morning trading sessions, the overall market capitalization of all 7,000+ crypto assets is up over 2% hovering at $340 billion. Digital currency markets are doing well on October … Read more

Market Outlook: Bitcoin Breaks $11K, Whales Refuse to Sell, Downside Risk Remains

The price of bitcoin jumped above the $11k threshold on Saturday morning and into the afternoon, after hovering above the $10,900 range the day prior. The entire crypto-economy of 7,600+ coins has gained 2.29% during the last 24 hours touching $344 billion. Bitcoin (BTC) markets have surpassed key levels above the $11k mark on Saturday, … Read more

Blockchain Analytics Show Altcoins 2x More Prominent in East Asia Compared to North America

On August 6, the blockchain intelligence firm Chainalysis published a report that analyzes cryptocurrency trends across various regions worldwide. According to the statistics, North America purchases and holds more bitcoin than any other region. Bitcoin also accounts for the largest share of U.S. crypto asset activity with 72% of all the transaction volume. The blockchain … Read more

Market Outlook: Crypto Economy Sheds $10B Overnight, Exchange Inflow and Sell Pressure Rises

The overall market capitalization of all 5,700+ cryptocurrencies in existence lost around $10 billion during the overnight trading sessions. Most crypto assets have lost 2-5% in value during the last 12 hours, and a number of speculators blame the recent Twitter hack. The price of bitcoin (BTC) and a number of other digital assets worldwide … Read more

Altseason Imminent: ‘Most Altcoins Should Gain on Bitcoin Soon,’ Says Veteran Analyst

During the last 30 and 90-day intervals, a number of altcoins have done much better than bitcoin, as far as price percentage increases are concerned. Last Thursday, the popular analyst Peter Brandt told his 360,000 followers that the price of ethereum saw a “significant breakout” against bitcoin. Moreover, a number of cryptocurrency proponents have been … Read more

Analysts Say Bitcoin Breakout Imminent: Silver-like Suppression, $5 Trillion in Cash Could Flow Into BTC

A number of venture capitalists and macro investors believe bitcoin’s price will break out soon following suit with gold’s recent climactic rise. Dan Tapeiro, cofounder of Gold Bullion International, thinks that $4.6 trillion in cash sitting on the sidelines right now, could very well flow into precious metals and crypto-asset markets. Moreover, other investors have … Read more

Exposure to -1x the Daily Performance: Bitcoin.com Exchange Adds Inverse Token BTCSHORT

During the last few months, Bitcoin.com’s cryptocurrency exchange has added a number of new coins and features. Today, Bitcoin.com Exchange has added an Ethereum-based inverse token called “BTCSHORT,” a token that gives users exposure to the inverse or -1x the daily performance of Bitcoin on any given day. Bitcoin.com Exchanges Adds Amun’s BTCSHORT Inverse Token … Read more

S2F Hopium: Report and Twitter Critics Find Flaws With Bitcoin’s Stock-to-Flow Ratio

In mid-April, news.Bitcoin.com researched the popular stock-to-flow (S2F), which shows the price of a single bitcoin reaching $55K and even six figures. At the time, analysts questioned measuring bitcoin’s price in this manner and more recently, a few others have been criticizing the method as well. Just recently, a research report written by the author … Read more

12 Months of Onchain Data Shows Bitcoin Whales Obtained Hundreds of BTC from Small Fish

According to recent data, crypto participants known as ‘bitcoin whales’ have been steadily accumulating bitcoins, and not selling since the ‘Black Thursday’ market carnage on March 12, 2020. Onchain data and blockchain analysis firms indicate that the number of bitcoin whales with 1,000 to 10,000 BTC or more on a single address has increased significantly. … Read more