'Definition of a leverage driven pump' — 5 Things to know in Bitcoin this week
Bitcoin is attempting to break higher this week — but plenty of hurdles stand in the way of bulls looking for a sustained BTC price rally.
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Bitcoin price flirts with $40K, but derivatives data is still bullish
The price of Bitcoin (BTC) is facing an intense period of volatility since moving from a $52,950 top on Sept. 7 to a $42,800 low just two hours later. More recently, the $45,000 support was held for a couple of days despite being heavily tested, and this triggered a $3,400 up- and down-swing on Sept.…
Hong Kong Is Paying Higher Prices for Bitcoin Amid Political Unrest
Bitcoin (BTC) has begun trading at a premium in Hong Kong as continued political uncertainty produces a widely-reported spike in demand. Copycat moves underline fiat distrustData from P2P Bitcoin exchange LocalBitcoins showed traders paying around $300 more per coin than elsewhere on Aug. 14, which translates into a premium of around 2%.Hong Kong is the latest…
Wyoming stablecoin: Are state digital currencies even possible?
In July, the American state of Wyoming shared an open job position for the head of its Stable Token Commission. The executive will work alongside Wyoming’s governor, state auditor, state treasurer and four expert appointees to bring the state’s very own stablecoin to life.While Wyoming was the first to pass a law on a state stablecoin
Brace for impact? After hitting $42K, Bitcoin price volatility may rise
The price of Bitcoin (BTC) achieved a new all-time high above $42,000 on Jan. 8, surging by 9% in merely three hours. At the time, there was a high premium on Coinbase, which meant U.S. buyers drove up the market by aggressively accumulating BTC. But, there is continuous selling pressure coming from Asia, particularly from…
New Analysis: Every Bitcoin Holder Makes a Profit After 1,335 Days
According to new analysis, presented Sept. 8, the amount of time it is necessary to have held Bitcoin to make a profit is 1,335 days or roughly 3 years and 8 months. This roughly correlates to the four-year cycle length based on reward halving periods.Bitcoin Profit Probability chart. Source: BitcoinEconomics.ioProfiting from bitcoin is largely a…
Crypto Biz: Galaxy, CoinShares Q1 results, ETFs on the blockchain, and more
This week’s Crypto Biz features Galaxy Digital and CoinShares earning results, Franklin Templeton’s CEO betting on blockchain, Polymarket’s funding raise, and a leadership transition at dYdX.
Starbucks joins NFT party, UK government seeks stablecoin regulations and Crypto Twitter rallies behind cancer fighter, Hodler’s Digest: Apr. 3-9
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekStarbucks announces NFT initiative as union-busting controversy continues Nonfungible tokens continue making…
Polkadot eyes breakout to $75 after DOT price rally sets up classic bullish reversal
Polkadot (DOT) chart technicals suggest it may rally to a new record high near $75 if DOT can manage to close above its $41–$43 range decisively.That’s according to a classic bullish reversal setup known as an inverse head and shoulders (H&S) that forms when the price undergoes three selloffs during a period of market consolidation. Specifically, the…