Bitcoin’s metrics suggest bull market is far from overvalued

Friday, Aug. 30 — after seeing some growth on the day, crypto markets are trading sideways, with top-20 coins by market cap sending mixed signals.Market visualization. Source: Coin360Bitcoin (BTC), which managed to climb over $9,600 earlier today, is now trading at $9,531, up around 0.1% on the day at press time. Bitcoin dropped below the…

Authorized Bitcoin miners will be able to resume their operations after the electricity preservation policy during the hot summer months. Iran will once again allow Bitcoin and crypto miners to operate in the country from the last week of September.According to a report by Iran’s Financial Tribune, Tavanir, the country’s power generation organization, made the decision…

Bitcoin (BTC) simply refuses to die this week as a dip below $60,000 barely lasts an hour and bears are burned yet again.After a fairly calm weekend, Sunday saw a typical drawdown before a dramatic resurgence took place for BTC/USD just an hour later.With that, Bitcoin has preserved not only its bullish trajectory but has…

China’s spending on blockchain technology will exceed $2 billion in 2023, official state-run publication Xinhua reported on Nov. 10. The report claims that blockchain development in China will see a compound annual growth rate of 65.7% from 2018 to 2023.China’s banking sector responsible for the bulk of blockchain spending in 2019Citing a study by American…

United States Securities and Exchange Commission (SEC) Chairman Jay Clayton said that for Bitcoin (BTC) to be traded on a major exchange it needs stronger regulation.Consider the NasdaqCNBC reported on Sept. 19 that Clayton made his remarks earlier today at the Delivering Alpha conference, where he also warned investors to be wary until Bitcoin is…

The Food and Drug Administration of the Chinese Chongqing Yuzhong District is going to apply blockchain technology to its operations, the official newspaper of the Chinese Communist Party, The People’s Daily, reports on Jan. 31.Blockchain will purportedly be applied by the agency to strengthen the supervision of food and drug quality assurance with better traceability…

Given Silicon Valley Bank’s direct involvement in destabilizing USDC prices, CZ blamed banks for increasing the risks of stablecoins. 183 Total views 4 Total shares Own this piece of history Collect this article as an NFTThe death spiral of the Terra (LUNA) and TerraUSD (UST) ecosystem served as a catalyst to the 2022 bear market…

Subscription-based services have become so ubiquitous it’s hard to remember a time when they weren’t the norm. Streaming companies have sought to take advantage of that norm by fleecing consumers for everything they’re worth — just look at Netflix’s decision to start running advertisements. Another benefit of leveraging NFT technology is that streaming services can increasingly…