Tag Archives: Bitfinex

Bitfinex Launches ‘New, Improved’ Deposit System Amid Market Chaos

Bitfinex Launches ‘New, Improved’ Deposit System Amid Market Chaos

Bitfinex exchange today announced an upgrade to its fiat currency deposit system, after causing a stir last week by briefly halting U.S. dollar, GBP, EUR and Japanese Yen deposits. The company’s “new, improved and increasingly resilient […] system” was detailed in an official blog post: A user wishing to initiate a fiat deposit on Bitfinex will create a […]

Bitcoin Price Is Defending One Key Support for the Fifth Month Running

Bitcoin Price Is Defending One Key Support for the Fifth Month Running

Bitcoin (BTC) defended a key long-term price floor as it recovered from the three-week lows near $6,200 hit on Friday. The leading cryptocurrency looked set to pierce the 21-day exponential moving average (EMA), which has been serving as a strong support since June, having witnessed a strong bearish move last Thursday. However, yesterday’s tether-led rally in BTC ensured that the crucial […]

This May Be the End of Bitfinex, One of the Biggest Exchanges in Crypto

This May Be the End of Bitfinex, One of the Biggest Exchanges in Crypto

After last week’s price drop, investors have become optimistic in the positive short-term trend of crypto. The new bull run is being led by Bitcoin, which has managed to regain and exceed its former bottom of $6,000. According to the data provided by Bitfinex, BTC against Tether (USDT) exceeded $7,700. This unexpected surge in the […]

Are crypto whales ramping up manipulation to shut-down the possibility for an ETF approval?

Are crypto whales ramping up manipulation to shut-down the possibility for an ETF approval?

The cryptocurrency markets experienced another dramatic crash yesterday, with almost two weeks’ worth of upside being completely undone within a matter of 12 hours. Just as Bitcoin was slowly working its way out of the $6,200 level to $7,400, it quickly crashed all the way back to a low of $6,250, taking Ethereum and the […]

Bitcoin Drops to $6,900 After Mysterious Whale Moves Over $100 Million To Crypto Exchanges

Bitcoin Drops to $6,900 After Mysterious Whale Moves Over $100 Million To Crypto Exchanges

Bitcoin has recently seen its price drop to little over $6,900 after it lost over $400 in only 90 minutes. The flagship cryptocurrency’s plunge notably comes shortly after a whale associated with the now-defunct Silk Road marketplace moved thousands of BTC to crypto exchanges. As CryptoGlobe reported, a bitcoiner that had been dormant since March 9, […]

Bitcoin (BTC) Downtrend Resistance Turns Into Strong Support Amid Bullish Comeback

Bitcoin (BTC) Downtrend Resistance Turns Into Strong Support Amid Bullish Comeback

Bitcoin (BTC) has been in a constant downtrend for the last few weeks. The price crashed especially hard during the last few days. The price did break below $6,000, but contrary to expectations, the price found support at what was previously a downtrend resistance as can be seen on the BTC/USD daily chart above. The fall slowed down […]

Failed Breakout Revives Bitcoin’s Bull-Bear Tug-of-War

Failed Breakout Revives Bitcoin’s Bull-Bear Tug-of-War

Bitcoin’s retreat from Sunday’s high of $7,779 has poured cold water over the bull mood generated by the weekend’s positive price action and neutralized the immediate outlook. BTC closed on Sunday (as per UTC) above a key falling trendline resistance level, signaling a short-term bullish-to-bearish trend change. A bullish crossover between the 5-day and 10-day […]