Tag Archives: BTC

Bitcoin Crowd Appears High on ‘Hopium’ as ‘Buy The Dip’ Trends

Bitcoin Crowd Appears High on ‘Hopium’ as ‘Buy The Dip’ Trends

Pullbacks typically end with crowd chatter leaning bearish. As bitcoin nurses a weekly drop of 9%, the cryptocurrency’s social metrics indicate the retail crowd is high on hopium – a crypto slang for hopes of a quick recovery and a continued bull run. However, past data shows pullbacks or downtrends typically end when social chatter […]

Bitcoin, Ether Lose Ground as Twitter CFO Rules Out Crypto Investment, Dollar Index Hits 16-Month High

Bitcoin, Ether Lose Ground as Twitter CFO Rules Out Crypto Investment, Dollar Index Hits 16-Month High

Ned Segal’s comments likely provided a reason for traders to take some risk off the table in the wake of the rising dollar and U.S. tax reporting requirement. Bitcoin, ether and other major coins face selling pressure as anti-crypto comments from Twitter’s chief financial officer soured the market mood. The continued strength in the dollar […]

Bitcoin Retreats From All-Time High, Ether Follows

Bitcoin Retreats From All-Time High, Ether Follows

The shakeout appeared to coincide with a turn lower in U.S. stock markets. Bitcoin’s price is down 5% in the last 24 hours after peaking at an all-time high of around $68,950 on Wednesday. Bitcoin’s all-time high was reached just after the U.S. Consumer Price Index (CPI) report showed higher-than-expected inflation in October. The U.S. Department […]

The Crypto Bubble Isn’t A Bubble, It’s A…

The Crypto Bubble Isn’t A Bubble, It’s A…

I’ve written over 300 crypto related posts since I saw the crypto light on June 29th, 2017. After three months, on October 8th, 2017, I published my first thought piece “7 Thoughts On Blockchain, Cryptocurrency & Decentralization After Three Months Down The Rabbit Hole”. It’s still the most read/clapped post I’ve written. The 5th thought was “ It’s […]

SHIB Flippened DOGE With $160M in ‘Smart Money’ Backing Latest Pump, Blockchain Data Shows

SHIB Flippened DOGE With $160M in ‘Smart Money’ Backing Latest Pump, Blockchain Data Shows

A new force is behind shiba inu’s most recent price surge. Shiba inu, the self-proclaimed dogecoin killer, briefly surpassed DOGE in market value on Wednesday, according to data from CoinGecko. Both coins now have a market cap of over $31 billion and are toggling between 10th and 11th on CoinGecko’s rankings page. Blockchain data shows that while […]

ProShares Bitcoin Futures ETF to Start NYSE Trading on Tuesday

ProShares Bitcoin Futures ETF to Start NYSE Trading on Tuesday

The SEC gave the go-ahead for bitcoin futures ETFs at the end of last week. ProShares will launch a bitcoin futures exchange-traded fund (ETF) tomorrow, the company confirmed in an SEC filing on Monday. CoinDesk first reported on Friday that the ETF was scheduled to launch this week. The U.S. Securities and Exchange Commission (SEC) greenlighted bitcoin futures ETFs […]

China FUD Over Bitcoin Mining Is ‘Now Moot,’ Luxor Report Says

China FUD Over Bitcoin Mining Is ‘Now Moot,’ Luxor Report Says

Bitcoin’s hashrate is expected to climb back near its all-time highs, potentially helping mining profitability, as China’s grip on the sector subsides. The ”Fear, Uncertainty and Doubt” or FUD about China controlling the cryptocurrency is “now moot” as Bitcoin’s hashrate is expected to reach near all-time highs, according to a report by Luxor Technologies. The […]

Ahead of Crackdown, Huobi Scrambled to Move Staff Out of China, Insiders Say

Ahead of Crackdown, Huobi Scrambled to Move Staff Out of China, Insiders Say

Interviews with former and current employees shine new light on the crypto exchange’s complicated relationship with its home country. Months before China’s latest crackdown, the Huobi Global cryptocurrency exchange relocated substantial parts of its operations out of the country, primarily to crypto-friendly Singapore, former and current employees told CoinDesk. Huobi had been trying to develop overseas […]

Bitcoin in Pullback Mode, Support at $40K-$42K

Bitcoin in Pullback Mode, Support at $40K-$42K

Initial support is seen at $40K-$42K, which could stabilize the pullback. Bitcoin (BTC) sellers were active over the weekend as the cryptocurrency’s price dipped below the 200-day moving average at $45,000. Initial support is seen in the $40,000-$42,000 range where a breakout occurred on Aug. 6. The $50,000 resistance level was tested several times over […]