Bitcoin hashrate triples since June 28 in recovery from China syndrome

Hashrate has now recovered to early June levels indicating that miners are coming back online after China’s crackdown. 9435 Total views 18 Total shares The hashrate for the Bitcoin network has made a remarkable recovery since it crashed following China’s crypto mining clampdown earlier this year. The Bitcoin hashrate has now topped 150 Exahashes, or one quintillion hashes, per second according to data from analytics provider CryptoQuant. On

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El Salvador’s Bitcoin adoption may transform remittances in Central America

Reduced remittance costs could prove significant in justifying El Salvador’s adoption of Bitcoin as legal tender. 5689 Total views 255 Total shares The Central American Bank for Economic Integration (CABEI) has identified remittances as an important aspect of El Salvador’s Bitcoin (BTC) adoption policy. According to Reuters on Tuesday, the regional development bank expects other Central American nations to pay close attention to Bitcoin’s

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Hacked Liquid exchange receives $120M debt funding from FTX

The funding comes soon after Liquid suffered a major hacking incident last Thursday when the exchange’s hot wallets were compromised. 2677 Total views 9 Total shares Japanese cryptocurrency exchange Liquid has secured $120 million in debt financing from FTX Trading after suffering a nearly $100-million hack last week. Announcing the news Thursday, Liquid Group and FTX Trading — the owner and operator of crypto exchange FTX — said that the

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Traders pile into altcoins after Bitcoin price bounces at a key support

Protocol upgrades and a new cross-chain Ethereum bridge back the rally in TLOS, GNO and ALPHA. 8910 Total views 38 Total shares The wider crypto market has a wait-and-see feel to it on Aug. 25 as the price of Bitcoin (BTC) dipped to $47,360 before rebounding off the lower support of the ascending channel to reclaim the $48,000 level.  Despite the swift turnaround, analysts are still wary and well-known financial analyst John Bollinger warned i

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Bitcoin could hit $30K or $100K this year as analyst warns ‘next months are key’

Bitcoin price forecasts differ hugely depending on the methodology used, but stock-to-flow creator PlanB favors his $100,000 average target. 16606 Total views 53 Total shares Bitcoin (BTC) could surge to $100,000 or bottom out at $30,000 by Christmas — but one of its best-known analysts is betting on the moon. In a Twitter update on Thursday, PlanB, creator of the stock-to-flow family of BTC price models, cast fresh doubt on a Bitcoin bear mov

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Bitcoin could hit $30K or $100K this year as analyst warns ‘next months are key’

Bitcoin price forecasts differ hugely depending on the methodology used, but stock-to-flow creator PlanB favors his $100,000 average target. 18226 Total views 21 Total shares Bitcoin (BTC) could surge to $100,000 or bottom out at $30,000 by Christmas — but one of its best-known analysts is betting on the moon. In a Twitter update on Thursday, PlanB, creator of the stock-to-flow family of BTC price models, cast fresh doubt on a Bitcoin bear mov

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Price analysis 8/25: BTC, ETH, ADA, BNB, XRP, DOGE, DOT, SOL, UNI, BCH

Even with Wednesday's pullback, Bitcoin and most major altcoins are finding buyers on minor dips to underlying support levels, signaling that the trend remains bullish. 29314 Total views 36 Total shares Bitcoin (BTC) remains on a strong footing after bears failed to capitalize on the rejection near the psychological mark at $50,000.  The recent price rise in Bitcoin has not enticed longer-term investors to part with their holdings, and Glassnod

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Still too early to know if Bitcoin will remain top dog, Wall Street vet says

Will other crypto assets ever overtake Bitcoin in market cap? Daniel Strachman weighs in. 5141 Total views 351 Total shares Bitcoin has thus far remained the largest crypto asset in terms of market capitalization since its launch in 2009. Given the thousands of other cryptocurrencies that have come into existence over the years, could any of them ever become larger than Bitcoin (BTC) in terms of market cap? “We are in the top half of the secon

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Traders split on BTC price outlook after Bitcoin dips below $47K

Forecasts for the short term include a deeper dive toward $40,000 but also an imminent surge back above the $50,000 mark. 10781 Total views 241 Total shares Bitcoin (BTC) gave traders a serious sense of déjà vù on Thursday after a fresh attack on $50,000 ended in a firm rejection. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin optimism wavers Data from Cointelegraph Markets Pro and TradingView showed BTC/USD fallin

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Price analysis 8/27: BTC, ETH, ADA, BNB, XRP, DOGE, DOT, SOL, UNI, LUNA

Bitcoin and altcoins saw a strong bounce off their respective support levels, a sign that traders are still buying on dips. 18610 Total views 129 Total shares Asset managers and companies currently hold over 6% of Bitcoin’s (BTC) circulating supply, according to Buy Bitcoin Worldwide. A breakdown of the data shows Bitcoin fund issuers and asset managers hold about 4% of Bitcoin’s supply, public companies account for nearly 1% and private com

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Traders split on BTC price outlook after Bitcoin dips below $47K

Forecasts for the short term include a deeper dive toward $40,000 but also an imminent surge back above the $50,000 mark. 10838 Total views 241 Total shares Bitcoin (BTC) gave traders a serious sense of déjà vù on Thursday after a fresh attack on $50,000 ended in a firm rejection. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin optimism wavers Data from Cointelegraph Markets Pro and TradingView showed BTC/USD fallin

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Cuba set to recognize and regulate cryptocurrency

The country had to temporarily stop accepting cash bank deposits in United States dollars due to tighter restrictions set by former U.S. President Donald Trump. 7601 Total views 120 Total shares The Cuban government is reportedly planning to recognize and regulate cryptocurrencies for payments. According to Aljazeera, the Caribbean nation’s central bank will establish rules for mainstreaming cryptocurrency transactions. Cuban authorities are a

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Crypto, Congress and the Commission: What’s next for the ‘Wild West’?

Recently, there’s been much regulatory activity around crypto; anyone whose business deals with digital assets will need to pay attention. 3248 Total views 9 Total shares The entire cryptocurrency industry is waking up to a new reality. Politicians and regulators have decided to wade into the space, which had flown mainly under their radar until now. A House committee chair is launching a working group; the Securities and Exchange Commission i

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Bitcoin futures open interest at 3-month highs — But will it be enough to overcome $50K?

The indicators, coupled with a strong bid momentum versus the offers, suggest that Bitcoin’s price could push above $50,000 in the coming sessions. 9071 Total views 57 Total shares Bitcoin (BTC) futures open interest has recovered to May levels, raising optimism about a potent bullish breakout move above $50,000. The total number of outstanding futures contracts on the Deribit exchange reached $1.37 billion on Monday, its highest level since M

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‘Major catalyst’ needed to send Bitcoin price to a new ATH, says analyst

Dan McDermitt from TheChartGuys says Bitcoin’s growth over the past month has been impressive but a "major catalyst" is needed if BTC is to reach a new all-time high. 11004 Total views 53 Total shares The cryptocurrency market has been on a tear over the last month as Bitcoin price climbed 73% from a low of $29,200 on July 20 to a high of $50,478 on Aug. 26, a move that has warranted caution from Dan McDermitt, cryptocurrency market analyst and co-founder of Th

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Bitcoin price stages a comeback as 3 indicators reflect BTC’s strength

The futures premium, top traders’ long-to-short ratio and options skew all signal that pro traders still feel positive about Bitcoin price. 7621 Total views 51 Total shares Bitcoin (BTC) price is still 4.4% down from its Aug. 23 high at $50,500, leading some traders to question whether the local top marked the end of the recent 34-day long bull run. Even with the current correction, derivatives data and the maneuvers of professional investors

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Cosmos (ATOM) rallies after launching a cross-chain bridge and wrapped Bitcoin

ATOM price booked triple-digit gains after the network built out its DeFi ecosystem and works on cross-chain bridges for ETH and BTC. 14485 Total views 78 Total shares Momentum for the top layer-one protocols has been on the rise throughout August as the highly anticipated rollout of the London hard fork on the Ethereum (ETH) network has done little to address the network's high transaction fees and delayed confirmations.  One of the biggest be

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Bitcoin traders brace for Fed, options expiry as BTC price clings to $47K

It’s an end-of-month showdown for potential Bitcoin price triggers on Friday as the Federal Reserve takes to the international stage. 13801 Total views 44 Total shares Bitcoin (BTC) hovered near $47,000 on Friday as traders took no chances on the day of the United States Federal Reserve’s Jackson Hole summit. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView End-of-month cold feet for Bitcoin traders Data from Cointelegraph M

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Asset managers and companies accumulate 1.2M Bitcoin worth $57 billion

While asset managers have accumulated 4% of Bitcoin’s supply, private and public companies have also amassed 1% each. 10648 Total views 50 Total shares Around 6% of Bitcoin’s circulating supply has been accumulated by asset managers and companies, signaling ever increasing mainstream and institutional adoption of crypto assets. According to Buy Bitcoin Worldwide, 816,379 BTC worth $40.1 billion is currently held by 14 Bitcoin fund issuers an

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Asset managers and companies accumulate 1.2M Bitcoin worth $57 billion

While asset managers have accumulated 4% of Bitcoin’s supply, private and public companies have also amassed 1% each. 10666 Total views 50 Total shares Around 6% of Bitcoin’s circulating supply has been accumulated by asset managers and companies, signaling ever increasing mainstream and institutional adoption of crypto assets. According to Buy Bitcoin Worldwide, 816,379 BTC worth $40.1 billion is currently held by 14 Bitcoin fund issuers an

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Dubai to benefit from expanding crypto market, Bittrex Global CEO says

The United Arab Emirates has been cementing its presence in the digital asset industry recently with multiple efforts to further adopt blockchain-based technologies. 379 Total views 3 Total shares The United Arab Emirates (UAE) and Dubai are among the friendliest jurisdictions for the cryptocurrency industry, according to Stephen Stonberg, CEO of Bittrex Global crypto exchange. Dubai is likely to benefit from the expanding crypto market in the

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How does the infrastructure bill affect the mining industry in the US?

The uncertain language — intentional or not — of the infrastructure bill poses an existential threat to the U.S. Bitcoin mining industry. 5167 Total views 10 Total shares On August 10, the United States Senate voted to pass a $1 trillion bill to revitalize America’s infrastructure. From the standpoint of the crypto community, miners in particular, the Senate’s foray into crypto legislation has been a disaster. Unless the language definin

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Top 5 cryptocurrencies to watch this week: BTC, ADA, LUNA, VET, XTZ

Bitcoin’s consolidation near $50,000 reflects a steady market and this could attract buyers to altcoins like ADA, LUNA, VET and XTZ. 33652 Total views 404 Total shares On Aug. 27, U.S. Federal Reserve Chair Jerome Powell said that the central bank will start tapering its $120 billion monthly bond purchases by the end of the year, but the interest rate hikes would have to wait until the job market and inflation pass a more stringent test. In re

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CELO, Fantom and Keep3rV1 rally after liquidity mining programs launch

Newly launched incentive programs and protocol upgrades were followed by 50% rallies in CELO, FTM and KP3R. 3052 Total views 207 Total shares The cryptocurrency market once again finds itself waiting for some form of catalyst to get the prices moving, and this week commenced with the market moving sideways as Bitcoin (BTC) struggles to find its footing near $48,000.  Several altcoins have managed to break free of the wider market malaise and po

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Is the time right for $50K BTC? 5 things to watch in Bitcoin this week

It’s been a long time coming, but as yet, nothing has been able to propel BTC/USD over $50,000 for long. Is this week different? 13610 Total views 213 Total shares Bitcoin (BTC) is keeping everyone guessing this week as another Monday starts below $50,000. After rangebound movements over the weekend, bulls are still waiting for a decisive attack on the $50,000 mark — could it happen now? Despite optimism from analysts, it seems that not even

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Still too early to know if Bitcoin will remain top dog, Wall Street vet says

Will other crypto assets ever overtake Bitcoin in market cap? Daniel Strachman weighs in. 7495 Total views 247 Total shares Bitcoin has thus far remained the largest crypto asset in terms of market capitalization since its launch in 2009. Given the thousands of other cryptocurrencies that have come into existence over the years, could any of them ever become larger than Bitcoin (BTC) in terms of market cap? “We are in the top half of the secon

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China to ‘maintain a high-pressure situation’ on crypto, official says

An official at the People’s Bank of China said that the public should increase its risk awareness and stay away from crypto investments. 5106 Total views 128 Total shares China has reportedly doubled down on its crypto crackdown with a public reminder stating that Bitcoin (BTC) and other digital currencies “are not legal tender and have no actual value.” In a local media briefing, Yin Youping, the deputy director of the Financial Consumer

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Crypto does not qualify as currency, says South Africa’s central bank governor

South Africa’s top banker has said that cryptocurrencies are more akin to assets than actual currencies. 717 Total views 60 Total shares Lesetja Kganyago, governor of the South African Reserve Bank (SARB), has argued against classifying crypto as currencies. According to a report by MoneyWeb, the central bank chief likened crypto to assets rather than currency during an interactive session at the Wits Business School Leadership Dialogues. Acco

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CELO, Fantom and Keep3rV1 rally after liquidity mining programs launch

Newly launched incentive programs and protocol upgrades were followed by 50% rallies in CELO, FTM and KP3R. 6085 Total views 80 Total shares The cryptocurrency market once again finds itself waiting for some form of catalyst to get the prices moving, and this week commenced with the market moving sideways as Bitcoin (BTC) struggles to find its footing near $48,000.  Several altcoins have managed to break free of the wider market malaise and pos

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How does the infrastructure bill affect the mining industry in the US?

The uncertain language — intentional or not — of the infrastructure bill poses an existential threat to the U.S. Bitcoin mining industry. 5903 Total views 10 Total shares On August 10, the United States Senate voted to pass a $1 trillion bill to revitalize America’s infrastructure. From the standpoint of the crypto community, miners in particular, the Senate’s foray into crypto legislation has been a disaster. Unless the language definin

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Bitcoin in line for 'phenomenal' weekly close if BTC price holds $49K

The final hurdle for Bitcoin bulls this week could still cancel out recent losses if downward BTC pressure stays away. 31092 Total views 24 Total shares Bitcoin (BTC) held $49,000 on Aug. 28 after the United States Federal Reserve sparked a run-up toward critical resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView All eyes on $49,300 on the weekly chart Data from Cointelegraph Markets Pro and TradingView showed BTC/USD

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Crypto, Congress and the Commission: What’s next for the ‘Wild West’?

Recently, there’s been much regulatory activity around crypto; anyone whose business deals with digital assets will need to pay attention. 5619 Total views 19 Total shares The entire cryptocurrency industry is waking up to a new reality. Politicians and regulators have decided to wade into the space, which had flown mainly under their radar until now. A House committee chair is launching a working group; the Securities and Exchange Commission

Read More

Here's how Bitcoin options traders might prepare for a BTC ETF approval

Bloomberg analysts expect a BTC ETF approval in the next few months, and clever options traders might use this strategy to profit from the possibility. 7014 Total views 40 Total shares Very few events can shake the cryptocurrency markets in a sustainable manner that really sends Bitcoin and altcoin prices into a sharp directional move. One example is when Xi Jinping, China's President, called for the development of blockchain technology througho

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The great crypto flippening: Can Ethereum overtake Bitcoin?

Is BTC, crypto’s flagship, prepared to fend off Ethereum with its “incredible network value, rich community and pace of innovation?” 16162 Total views 162 Total shares “Ethereum’s ascent to the top of the cryptoverse seems unstoppable,” declared Nigel Green in mid-August, and it’s not hard to see why the deVere CEO thinks this. DeFi is on a tear, NFTs are mushrooming, Ethereum (ETH) remains more scalable than Bitcoin (BTC) and it a

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Bitcoin price turns to test lower support levels as $50K stays out of reach

It's a frustratingly sideways market for Bitcoin bulls as August ends and September, which is typically a boring month for BTC price, looms. 10468 Total views 49 Total shares Bitcoin (BTC) continued to range below $50,000 on Aug. 31, the final day of the month, as analysts demanded higher levels in order to continue the bull run. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $51,000 remains the deal-breaker for BTC Data from

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Price analysis 8/30: BTC, ETH, ADA, BNB, XRP, DOGE, SOL, DOT, UNI, LUNA

Bitcoin and select major altcoins are still facing selling at overhead resistance levels, indicating that the next leg of the uptrend may have to wait. 30731 Total views 81 Total shares There is an old proverb which says that history does not always repeat, but it tends to rhyme. If that holds true for Bitcoin (BTC), then a strong up-move may not happen in the month of September.  Bybit data shows that since 2013, Bitcoin has closed September i

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Is Ethereum’s rally signaling the next bull market phase for Bitcoin above $50K?

Ether showing strength, while Bitcoin is consolidating in a range beneath $50,000. 17382 Total views 112 Total shares Bitcoin (BTC) has been seeing some consolidation below $50,000 as a psychological barrier. However, during this pullback, several big altcoins have been surging in price, suggesting that the alt season isn’t over yet. Meanwhile, Bitcoin’s price faces a crucial resistance to break through, while Ether (ETH) is already cracking

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Genesis Digital Assets buys 20K Bitcoin miners after $125M raise

Canaan has also granted Genesis Digital Assets an opportunity to buy up to 180,000 additional BTC mining machines. 2818 Total views 23 Total shares The United States-based Bitcoin (BTC) mining company Genesis Digital Assets continues to grow its cryptocurrency mining power with a fresh deal with Chinese crypto mining giant Canaan. Genesis announced on Tuesday that it has secured a purchase order for 20,000 Bitcoin miners from Canaan. In conjunc

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Betting on a Bitcoin bull run? Not in September, BTC price data says

Next month is a classic underperformer for BTC/USD, and judging by the current price action, 2021 is no exception. 36587 Total views 50 Total shares Bitcoin (BTC) may score a new all-time high in 2021, but the odds are that it won’t happen next month. Historical price data confirms that September tends to see BTC price losses — and its best-ever returns are still single figures. September 2021 looks like a classic for BTC As Bitcoin matures

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Here's how Bitcoin options traders might prepare for a BTC ETF approval

Bloomberg analysts expect a BTC ETF approval in the next few months, and clever options traders might use this strategy to profit from the possibility. 7285 Total views 40 Total shares Very few events can shake the cryptocurrency markets in a sustainable manner that really sends Bitcoin and altcoin prices into a sharp directional move. One example is when Xi Jinping, China's President, called for the development of blockchain technology througho

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Bitcoin bulls target $50K as Friday’s $655M BTC options expiry approaches

$655 million in BTC options expire on Sept. 3, and data suggests bulls may be motivated to break the $50,000 resistance prior to the expiry. 13042 Total views 39 Total shares Bitcoin (BTC) failed to break the critical $50,000 psychological barrier on Aug. 23 and has since then retested the $47,000 support. If historical data plays any role in Bitcoin price, the month of September presented negative performances in 4 of the previous 5 years. Coin

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Genesis Digital Assets buys 20K Bitcoin miners after $125M raise

Canaan has also granted Genesis Digital Assets an opportunity to buy up to 180,000 additional BTC mining machines. 2885 Total views 23 Total shares The United States-based Bitcoin (BTC) mining company Genesis Digital Assets continues to grow its cryptocurrency mining power with a fresh deal with Chinese crypto mining giant Canaan. Genesis announced on Tuesday that it has secured a purchase order for 20,000 Bitcoin miners from Canaan. In conjunc

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BTC price returns to $50K as Bitcoin bears lose $450M in daily liquidations

September turns out to be anything but boring for Bitcoin as shorts lose big on a fresh move above the $50,000 mark. 14517 Total views 80 Total shares Bitcoin (BTC) swiftly reclaimed $50,000 on Thursday as bears felt maximum pain and lost hundreds of millions of dollars. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin sparks a fresh bear bloodbath Data from Cointelegraph Markets Pro and TradingView showed BTC/USD sudden

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Bitcoin bulls target $50K as Friday’s $655M BTC options expiry approaches

$655 million in BTC options expire on Sept. 3, and data suggests bulls may be motivated to break the $50,000 resistance prior to the expiry. 15371 Total views 65 Total shares Bitcoin (BTC) failed to break the critical $50,000 psychological barrier on Aug. 23 and has since then retested the $47,000 support. If historical data plays any role in Bitcoin price, the month of September presented negative performances in 4 of the previous 5 years. Coin

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China mining shock may not be over yet, experts suggest

Despite Bitcoin’s perceived hash rate recovery, analysts noted that the recent 150 EH/s reading was based on a short 24-hour window. 6484 Total views 39 Total shares Earlier this year, the Chinese government took the momentous step to ban any crypto mining operations based within its borders, causing a massive exodus of hashing power — 168 exa hashes per second (EH/s) to nearly 86 EH/s as of June 23, representing a drop of nearly 40% — fro

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Belgian startup debuts Bitcoin payments for parking tickets

The company says it expects Bitcoin and other cryptocurrencies to come into greater everyday use, especially once tokens become more environmentally friendly. 2945 Total views 44 Total shares Seety, a digital parking startup based in Belgium, has introduced crypto payment support for parking tickets. According to a report by DataNews on Thursday, the company, which is one of the firms bootstrapped by Belgian accelerator program Start it @KBC, h

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The great crypto flippening: Can Ethereum overtake Bitcoin?

Is BTC, crypto’s flagship, prepared to fend off Ethereum with its “incredible network value, rich community and pace of innovation?” 18654 Total views 186 Total shares “Ethereum’s ascent to the top of the cryptoverse seems unstoppable,” declared Nigel Green in mid-August, and it’s not hard to see why the deVere CEO thinks this. DeFi is on a tear, NFTs are mushrooming, Ethereum (ETH) remains more scalable than Bitcoin (BTC) and it a

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Anthony Scaramucci: $100K per BTC by year-end is still within reach

Exponential monthly growth in demand should propel Bitcoin to $100,000 by the end of 2021, according to the CEO of SkyBridge Capital, Anthony Scaramucci. 8736 Total views 137 Total shares Anthony Scaramucci, CEO and founder of SkyBridge Capital, thinks Bitcoin (BTC) can reach $100,000 before the end of the year, mainly due to the exponential growth in demand every month.  “The bottom line is you have the limited and fixed supply of Bitcoin and you have every m

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17% of Australians now own crypto, totaling $8B between them: Survey

Bitcoin remains the most popular cryptocurrency in Australia, with 9% of Aussies currently hodling it. 2829 Total views 62 Total shares One in six Australians now own cryptocurrency, with the total value of their holdings adding up to $8 billion, according to a recent survey.  The full report of the Finder Consumer Sentiment Tracker was posted online on September 2. It is a monthly ongoing survey of 1000 nationally representative Australians co

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How to prepare for the end of the bull run, Part 1: Timing

Bobby Lee “blames” his brother Charlie — the founder of Litecoin — for causing the 2017/2018 Bitcoin price crash. He’s joking of course. Sort of. Charlie famously sold the last tranche of his Litecoin holdings in December 2017 for $350 each. Bobby remembers seeing the news hit Twitter. “I was like, gosh, that probably marks the peak,” he says. “I said to him jokingly, like ‘you just caused the end of the bull market’.” Of course, Charlie wasn’t the real reason the bu

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How to prepare for the end of the bull run, Part 1: Timing

Bobby Lee “blames” his brother Charlie — the founder of Litecoin — for causing the 2017/2018 Bitcoin price crash. He’s joking of course. Sort of. Charlie famously sold the last tranche of his Litecoin holdings in December 2017 for $350 each. Bobby remembers seeing the news hit Twitter. “I was like, gosh, that probably marks the peak,” he says. “I said to him jokingly, like ‘you just caused the end of the bull market’.” Of course, Charlie wasn’t the real reason the bu

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Bitcoin bulls target $50K as Friday’s $655M BTC options expiry approaches

$655 million in BTC options expire on Sept. 3, and data suggests bulls may be motivated to break the $50,000 resistance prior to the expiry. 17640 Total views 63 Total shares Bitcoin (BTC) failed to break the critical $50,000 psychological barrier on Aug. 23 and has since then retested the $47,000 support. If historical data plays any role in Bitcoin price, the month of September presented negative performances in 4 of the previous 5 years. Coin

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Survey finds 77% of Russian investors prefer Bitcoin to gold and forex

Russian investors now look at digital financial assets as an investment tool rather than just a “hype product,” AFD head Evgeny Masharov said. 3494 Total views 85 Total shares Cryptocurrencies like Bitcoin (BTC) are getting increasingly popular with Russian investors, apparently displacing traditional investment products, according to a new survey. Russia’s Association of Forex Dealers (AFD), a local self-regulatory organization focused on

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SEC boss tells EU Parliament crypto and fintech could be as disruptive ‘as the internet’

SEC Chairman Gary Gensler promoted cooperation between Europe and the United States in seeking to regulate decentralized financial technologies. 8753 Total views 99 Total shares Gary Gensler, the chairman of the United States Securities and Exchange Commission, has appeared virtually before the European Parliament to share his policy recommendations regarding the regulation of crypto assets. Speaking to the Parliament’s Committee on Economic a

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SEC boss tells EU Parliament crypto and fintech could be as disruptive ‘as the internet’

SEC Chairman Gary Gensler promoted cooperation between Europe and the United States in seeking to regulate decentralized financial technologies. 8812 Total views 99 Total shares Gary Gensler, the chairman of the United States Securities and Exchange Commission, has appeared virtually before the European Parliament to share his policy recommendations regarding the regulation of crypto assets. Speaking to the Parliament’s Committee on Economic a

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JPMorgan sounds alarm over ‘frothy’ crypto markets after August boom

Altcoins have made big gains on the total market share of the cryptocurrency markets, but JPMorgan analysts have concerns. 19701 Total views 53 Total shares JPMorgan analysts have warned clients that cryptocurrency markets are looking frothy after the August trading boom saw spot market trading volumes once again top $1 trillion.  In a note to clients reported by Markets Insider, the JPMorgan analysts suggested valuations in crypto markets, es

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Bitcoin bull run sparks $180K BTC price prediction ahead of institutional ‘fireworks’

Multiple Bitcoin buy-ins are due to be reported next week, an analyst notes as attention increasingly focuses on a fresh battle for BTC’s all-time highs. 33507 Total views 122 Total shares Bitcoin (BTC) made traders play a guessing game on Thursday as $50,000 looked increasingly shaky as new support. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Crypto seeing “spectacular” September Data from Cointelegraph Markets Pro a

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Shanghai Man: Billionaire buys CryptoPunks, Arbitrum finds traction, markets ignore warnings

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.   There are a lot of narratives to keep an eye on as China enjoyed a relatively quiet week on the regulatory front and markets rebounded. Layer-two networks continued to make headlines with their large war chests of funds to invest. Avalanche and Arbitrum

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Bitcoin targets $51K ‘final resistance’ as ETH nears $4K for the first time since May

It’s all systems go for cracking “final hurdle” resistance for both Bitcoin and Ether as the weekend nears. 21799 Total views 70 Total shares Bitcoin (BTC) passed $50,500 later on Friday as a return to the $50,000 mark put bulls firmly back on the scene. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin lines up a $51,000 offensive Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining ground aft

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Franklin Templeton seeks experts for Bitcoin trading and crypto research

With more than $1.4 trillion in assets under management, Franklin Templeton is one of the world’s largest independent asset managers. 3614 Total views 50 Total shares Franklin Templeton became the latest investment company to go on a cryptocurrency hiring spree by posting fresh job applications seeking crypto professionals. The American asset manager is looking for two mid-senior level experts to lead its crypto trading and research efforts,

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Belgian startup debuts Bitcoin payments for parking tickets

The company says it expects Bitcoin and other cryptocurrencies to come into greater everyday use, especially once tokens become more environmentally friendly. 4268 Total views 100 Total shares Seety, a digital parking startup based in Belgium, has introduced crypto payment support for parking tickets. According to a report by DataNews on Thursday, the company, which is one of the firms bootstrapped by Belgian accelerator program Start it @KBC,

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Franklin Templeton seeks experts for Bitcoin trading and crypto research

With more than $1.4 trillion in assets under management, Franklin Templeton is one of the world’s largest independent asset managers. 3704 Total views 50 Total shares Franklin Templeton became the latest investment company to go on a cryptocurrency hiring spree by posting fresh job applications seeking crypto professionals. The American asset manager is looking for two mid-senior level experts to lead its crypto trading and research efforts,

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Presearch, Aragon and IOTA explode higher after Bitcoin price clips $50K

PRE, ANT and MIOTA lead altcoins higher as increasing bullish momentum has analysts calling for Bitcoin price to overtake $50,000. 12514 Total views 112 Total shares Optimism across the crypto market continues to rise as bullish developments in the price of Bitcoin and Ethereum (ETH) renewed discussions about a 2013-style double-pump rally that could push (BTC) price past $100,000.  The positive price action hasn’t been limited to the top tw

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17% of Australians now own crypto, totaling $8B between them: Survey

Bitcoin remains the most popular cryptocurrency in Australia, with 9% of Aussies currently hodling it. 4190 Total views 120 Total shares One in six Australians now own cryptocurrency, with the total value of their holdings adding up to $8 billion, according to a recent survey.  The full report of the Finder Consumer Sentiment Tracker was posted online on September 2. It is a monthly ongoing survey of 1000 nationally representative Australians c

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Nigeria plans CBDC rollout, Salvadoran retirees protest Bitcoin Law, Twitter to add BTC and ETH tipping feature: Hodler’s Digest, Aug. 29-Sept. 4

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 Week Nigeria’s central bank partners with fintech firm Bitt Inc. for CBDC rollout Central bank digital currencies, or CBDCs,  which some have described as the spawn of Satan, made headlin

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Bitcoin targets $51K ‘final resistance’ as ETH nears $4K for the first time since May

It’s all systems go for cracking “final hurdle” resistance for both Bitcoin and Ether as the weekend nears. 23219 Total views 70 Total shares Bitcoin (BTC) passed $50,500 later on Friday as a return to the $50,000 mark put bulls firmly back on the scene. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin lines up a $51,000 offensive Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining ground aft

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'Conservative' BTC supply shock metric now says Bitcoin should cost at least $55K

The supply shock valuation model delivers an extra reason to be long-term bullish on upward price movement. 18113 Total views 63 Total shares Bitcoin (BTC) should cost at least $55,000 per coin according to one metric measuring its so-called “supply shock.” In a tweet on Sep. 5, analyst Willy Woo highlighted what he added is a “conservative” price estimate for BTC/USD. Bitcoin price plays catch-up with metrics While Bitcoin has still not

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70% of Salvadorans opposed to Bitcoin Law as Sep. 7 implementation draws near

The majority of El Salvadorans are skeptical of the country’s impending Bitcoin Law, with 90% of locals describing their understanding of crypto as poor or non-existent. 6215 Total views 17 Total shares With less than a week to go before El Salvador's Bitcoin Law takes effect on Sept. 7, a majority of citizens surveyed are opposed to government-mandated cryptocurrency adoption. A survey conducted by the local Central American University’s (U

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Traders use this classic trading pattern to determine when to ‘buy the dip’

Ascending channels provide a steady signal on the strength of an uptrend and the optimal levels to open positions during a pullback. 20445 Total views 38 Total shares Traders use various technical analysis tools to identify emerging trends and profitably trade that direction. One popular trend-defining pattern that traders often rely on is called the price channel.  An ‘ascending channel’ or a “bullish price channel” is formed by drawin

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Traders know not to ‘go long’ when this classic trading pattern shows up

Investors watch trading volume and other momentum indicators alongside descending channel patterns to better gauge when to open and close trades. 25647 Total views 49 Total shares Buying an asset in a downtrend can be a risky maneuver because most investors struggle to spot reversals and as the trend deepens traders take on deep losses. In instances like these, being able to spot descending channel patterns can help traders avoid buying in a bea

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Crypto mining demand soars in Vietnam amid Bitcoin rally

One crypto mining rig seller in Vietnam has reportedly seen its sales triple in early September, with GPUs selling at premium prices. 3957 Total views 85 Total shares The cryptocurrency mining market in Vietnam is reportedly reviving amid the renewed crypto rally, where Bitcoin (BTC) has surged above $51,000 for the first time since May. Crypto-related entrepreneurs and enthusiasts in Vietnam have witnessed a significant uptick in demand for cry

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JPMorgan sounds alarm over ‘frothy’ crypto markets after August boom

Altcoins have made big gains on the total market share of the cryptocurrency markets, but JPMorgan analysts have concerns. 26172 Total views 53 Total shares JPMorgan analysts have warned clients that cryptocurrency markets are looking frothy after the August trading boom saw spot market trading volumes once again top $1 trillion.  In a note to clients reported by Markets Insider, the JPMorgan analysts suggested valuations in crypto markets, es

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Top 5 cryptocurrencies to watch this week: BTC, LTC, FIL, FTT, MIOTA

BTC bulls are still trying to flip $50,000 to support and if this occurs LTC, FIL, FTT and MIOTA could rally higher. 27557 Total views 166 Total shares Bitcoin (BTC) is struggling to sustain above $50,500, but that has not stopped the altcoins from following in Ether's (ETH) footsteps after the top-ranked altcoin hit $4,000 on Sept. 3. This has pushed Ether’s market dominance above 20%, while Bitcoin’s dominance has shrunk to 41.1%. However,

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Price analysis 9/3: BTC, ETH, ADA, BNB, XRP, SOL, DOGE, DOT, UNI, LINK

This week’s sharp rally in Bitcoin and Ether signals that bulls are back in control and altcoins are likely to follow. 56617 Total views 68 Total shares Bitcoin (BTC) finally broke above the $50,500 resistance and Ether (ETH) has risen above the $4,000 mark. This suggests that there is growing interest in cryptocurrencies and several legacy finance companies are initiating steps to tap into this increasing demand. One of the world’s largest

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Bitcoin price overcomes $50K, stocks slide after disappointing US jobs report

Nonfarm payroll data shows the worst U.S. jobs gain in seven months, limiting concerns of Federal Reserve tapering this year. 11155 Total views 140 Total shares The SP 500 slid to the intraday highs of Sept. 2 while Bitcoin (BTC) climbed to its highest levels in more than three months. The moves came as a key report on Sept. 3 showed that the United States economy added fewer jobs than anticipated, lowering the Federal Reserve's likelihood to st

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Crypto mining demand soars in Vietnam amid Bitcoin rally

One crypto mining rig seller in Vietnam has reportedly seen its sales triple in early September, with GPUs selling at premium prices. 5502 Total views 107 Total shares The cryptocurrency mining market in Vietnam is reportedly reviving amid the renewed crypto rally, where Bitcoin (BTC) has surged above $51,000 for the first time since May. Crypto-related entrepreneurs and enthusiasts in Vietnam have witnessed a significant uptick in demand for cr

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How the Bitcoin model can solve the social media dilemma

Decentralized social media platform built on the Bitcoin model puts privacy first in its new messenger that can send crypto. 5405 Total views 29 Total shares Social media platforms are constantly under fire for their lack of total end-to-end encryption, existing privacy policies and censorship – but a blockchain-based solution might spell the end to an era of centralized social media dominance. In many ways, social media is a vital compo

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Cryptocurrency can actually make a difference by helping people

The simplicity of crypto could be a game-changer for charities. One influencer is capitalizing on this to save a sanctuary for at-risk youth. 8161 Total views 82 Total shares Between Bitcoin (BTC) breaking the $50,000 hurdle and the upswell in the altcoin markets, crypto has never been more appealing to speculators. But, stacking profits through trading is worthless unless that money is spent. Luckily, charitable organizations are waking up to t

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Bitcoin suddenly retests $50K in possible ‘shakeout’ as analysts stay bullish on BTC

A classic volatility surprise excites rather than concerns traders, but altcoins lose out heavily. 17681 Total views 86 Total shares Bitcoin (BTC) kept traders on their toes on Tuesday as a sudden price dip sparked a retest of $50,000.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC still “fine” at $49,000 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it shed $2,000 in two hours Tuesday. The

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El Salvador purchases first 200 BTC, President Bukele confirms

El Salvador is the first country in the world to recognize Bitcoin as legal tender. Despite opposition from local groups, the government believes cryptocurrency will be a net positive for the economy and society. 16070 Total views 274 Total shares El Salvador President Nayib Bukele confirmed Monday that his government has purchased its first 200 Bitcoin (BTC) ahead of the Tuesday rollout of a new law set to make the cryptocurrency legal tender.

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Sept. 7 is ‘Bitcoin Day’ in El Salvador as BTC becomes legal tender

El Salvador’s Bitcoin Day is marred by operational headaches as the state’s BTC wallet servers go offline. 7221 Total views 55 Total shares It is Sept. 7, and El Salvador’s Bitcoin Law has officially come into effect three months after its parliament passed the historic vote. The Central American nation is now the first country to recognize Bitcoin (BTC) as legal tender. Tweeting earlier in the day, El Salvador President Nayib Bukele rema

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Bitcoin price plunges below $43K in minutes in crypto market rout

An $8,000 daily loss leaves the market shaking its head on one of the most volatile days in Bitcoin since the China miner rout. 116296 Total views 479 Total shares Bitcoin (BTC) fell sharply as trading continued on Sept. 7 as a volatile day took BTC price action below $43,000 in one of the most volatile days of the year. BTC/USD 1-hour candle chart. Source: TradingView Whales blamed for major BTC sell-off Data from Cointelegraph Markets Pr

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Crypto mining demand soars in Vietnam amid Bitcoin rally

One crypto mining rig seller in Vietnam has reportedly seen its sales triple in early September, with GPUs selling at premium prices. 5841 Total views 107 Total shares The cryptocurrency mining market in Vietnam is reportedly reviving amid the renewed crypto rally, where Bitcoin (BTC) has surged above $51,000 for the first time since May. Crypto-related entrepreneurs and enthusiasts in Vietnam have witnessed a significant uptick in demand for cr

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Russia not ready to accept Bitcoin as legal tender, says Kremlin

The Russian government keeps insisting that payments in cryptocurrencies like Bitcoin would ruin its financial system. 5749 Total views 32 Total shares Amid El Salvador officially accepting Bitcoin (BTC) as legal tender on Tuesday, Sept. 7, the Russian government has reiterated its negative stance to a scenario where BTC could be accepted as an official currency. Dmitry Peskov, the official representative of Russian President Vladimir Putin, cla

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Russia not ready to accept Bitcoin as legal tender, says Kremlin

The Russian government keeps insisting that payments in cryptocurrencies like Bitcoin would ruin its financial system. 5850 Total views 32 Total shares Amid El Salvador officially accepting Bitcoin (BTC) as legal tender on Tuesday, Sept. 7, the Russian government has reiterated its negative stance to a scenario where BTC could be accepted as an official currency. Dmitry Peskov, the official representative of Russian President Vladimir Putin, cla

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Stablecoin crisis: Huge risk or FUD? - Cointelegraph video report

In our latest video report, Cointelegraph addresses the systemic risk posed by stablecoins. 3330 Total views 37 Total shares In Cointelegraph's latest video report, we discussed the systemic risks posed by stablecoins to the stability of both crypto and traditional markets.  Stablecoins have become the backbone of the crypto ecosystem, as they play a crucial role in the functioning of crypto trading and decentralized finance. Their market capitalization has grow

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Analysts point to overleveraged traders after Bitcoin flash crashes to $43K

Traders were hit hard as $3.5 billion in liquidations took place as Bitcoin price crashed below $43,000. 34208 Total views 117 Total shares Traders were caught flat-footed on Sept. 7 after a sharp collapse in the price of Bitcoin (BTC) saw the digital asset fall below $43,000, and this led to widespread liquidations in derivative markets as more than $3.54 billion was liquidated.  Bullish sentiment had been on the rise coming out of the Labor

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BTC price further crushes resistance, nears $53K on El Salvador ‘Bitcoin Day’

Daily liquidations near $500 million as El Salvador confirms the purchase of at least 400 BTC. 9773 Total views 170 Total shares Bitcoin (BTC) targeted $53,000 on Tuesday as fears of a fresh BTC price dip faded above crucial resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView ”No going back” after El Salvador Bitcoin adoption Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting new highs of $52

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El Salvador buys the dip as Bitcoin price flash crashes to $42.9K

Volatility returned to the cryptocurrency market in a "buy the rumor, sell the fact" scenario for Bitcoin. El Salvador appears unfazed, as President Nayib Bukele bought the dip. 27191 Total views 124 Total shares Bitcoin (BTC) holders took profits on Tuesday, just as El Salvador moved to recognize the digital currency as legal tender in a landmark move that could have significant implications for global adoption.  After hitting local highs nort

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Bitcoin price plunges below $43K in minutes in crypto market rout

An $8,000 daily loss leaves the market shaking its head on one of the most volatile days in Bitcoin since the China miner rout. 133965 Total views 463 Total shares Bitcoin (BTC) fell sharply as trading continued on Sept. 7 as a volatile day took BTC price action below $43,000 in one of the most volatile days of the year. BTC/USD 1-hour candle chart. Source: TradingView Whales blamed for major BTC sell-off Data from Cointelegraph Markets Pr

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‘Who was selling? Not HODLers’ — New data hints at Bitcoin crash ‘culprit’ amid leverage wipe-out

A classic dichotomy between hodlers and leveraged traders sets this week’s Bitcoin price dip apart from the coronavirus crash of March 2020. 58948 Total views 270 Total shares Bitcoin (BTC) crashed by $9,000 in hours on Tuesday thanks to a mass unwinding of leveraged traders and borrowers, one analyst believes. In a series of tweets on Wednesday, Willy Woo sought to get to the bottom of what made BTC/USD dive to lows of $42,800 on Tuesday. Woo

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US crypto exchange CrossTower expands to India

CrossTower is betting on the growing crypto market in India despite uncertainty over the legal status of Bitcoin in the country. 1340 Total views 21 Total shares United States-based cryptocurrency exchange CrossTower is expanding operations to India despite the ongoing legal uncertainty over local crypto regulation. CrossTower has set up a local division in India and launched a cryptocurrency trading platform to capture the growing multi-billion

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The Bitcoin metric that flipped green just before $50K BTC price bull run is back

Spent output profit ratio is heavily hinting that hodlers should buy the dip on BTC, analysts say. 9437 Total views 59 Total shares Bitcoin (BTC) speculators have been selling at a loss, and this week presents a golden buying opportunity, analysts say. Data shows Bitcoin’s spent output profit ratio (SOPR) flipped negative for the first time in six weeks on Wednesday. SOPR says “buy the dip” A classic buy signal, negative SOPR implies that

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Sell or hodl? How to prepare for the end of the bull run, Part 2

To read Part 1 of “How to prepare for the end of the bull run,” click here. So, you’ve made a million bucks this cycle and you’re trying to work out how to transform those life-changing gains into money in the real world before the inevitable crash. But at the same time, you don’t want to sell now and miss out on potential upside. So, what should you do? For Quantum Economics founder Mati Greenspan, the answer is simple: Be optimistic. He’s not an advocate of trying to ti

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Bitcoin’s sharp fall from $50K linked to stronger US dollar, gold — Correlation shows

The sell-off in the Bitcoin market, in particular, intensified due to excessively leveraged bullish bets. 12419 Total views 25 Total shares Bitcoin (BTC) and spot gold hovered below their key psychological levels on Wednesday as a stronger United States dollar weighed on investors’ appetite for hedging assets. The BTC/USD exchange rate dropped 5.27% to its intraday low of $44,423 but recovered a portion of those losses after reclaiming the $45

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BTC price crash: Why did it happen? Join Sam Bankman-Fried live on 'The Market Report'

What caused Bitcoin's latest price crash? Theories are flying everywhere, but Cointelegraph's market experts have arrived to get to the bottom of it. Tune in now! 8211 Total views 34 Total shares “The Market Report” with Cointelegraph is live right now! Tune in to watch Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Yashu Gola. Today’s menu: the dramatic Bitcoin (BTC) price flash crash to $43,000 on Tuesday

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Russian Duma wants to regulate crypto mining as business

Russia is moving to regulate cryptocurrency mining after legitimizing the broader crypto industry in January. 4021 Total views 52 Total shares As Russian cryptocurrency advocates are working to attract global crypto mining operators, local lawmakers have gotten more serious about regulating the industry. Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, claimed that Russian lawmakers are now considering recogniz

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Near Protocol, Algorand and PowerPool rebound while Bitcoin consolidates

NEAR, ALGO and CVP notched gains in excess of 37% while the wider market attempts to recover from Tuesday’s sharp correction. 8724 Total views 64 Total shares The wider cryptocurrency market appears to be in the early stages of a recovery with many altcoins regaining their footing after correcting by 20% to 30% on Sept. 7 when Bitcoin (BTC) fell below $43,000.   Top 7 coins with the highest 24-hour price change. Source: Cointelegraph M

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Insiders sold MicroStrategy stock after Bitcoin’s bull run

Notorious Bitcoin bull and MicroStrategy CEO Michael Saylor himself hasn’t dumped any company stock since 2012. 15475 Total views 125 Total shares Virginia-based enterprise software company MicroStrategy has captured the attention of crypto and financial news outlets alike with its CEO’s atypical strategy of going all-in on Bitcoin, beginning in 2020, with some reporters quipping that the company has since morphed into something closer to a

Read More

Stablecoin crisis: Huge risk or FUD? - Cointelegraph video report

In our latest video report, Cointelegraph addresses the systemic risk posed by stablecoins. 5773 Total views 29 Total shares In Cointelegraph's latest video report, we discussed the systemic risks posed by stablecoins to the stability of both crypto and traditional markets.  Stablecoins have become the backbone of the crypto ecosystem, as they play a crucial role in the functioning of crypto trading and decentralized finance. Their market capitalization has grow

Read More

Argo Blockchain secures $25M Bitcoin-backed loan from Galaxy Digital

The Bitcoin mining giant has entered into another BTC-backed loan agreement with Galaxy Digital as it pursues further operational expansions. 3855 Total views 39 Total shares Argo Blockchain has secured another loan agreement from Galaxy Digital LP with the mining firm’s Bitcoin (BTC) as collateral. According to an announcement by the London Stock Exchange on Friday, the new Bitcoin-backed loan agreement is to the tune of 18.05 million pounds

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More than a law: Texas takes steps to amend Bitcoin into state constitution

Texas aims to catch up with other crypto-friendly states and then some, but commentators say that amending a state constitution won’t happen immediately. 11166 Total views 182 Total shares Everything is bigger in Texas, which is why it shouldn’t come as a surprise that the Lone Star state is making moves to become America’s next Bitcoin (BTC) hotspot.  Most recently, Texas implemented two laws to ensure that cryptocurrencies are recognize

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Argo Blockchain secures $25M Bitcoin-backed loan from Galaxy Digital

The Bitcoin mining giant has entered into another BTC-backed loan agreement with Galaxy Digital as it pursues further operational expansions. 4203 Total views 51 Total shares Argo Blockchain has secured another loan agreement from Galaxy Digital LP with the mining firm’s Bitcoin (BTC) as collateral. According to an announcement by the London Stock Exchange on Friday, the new Bitcoin-backed loan agreement is to the tune of 18.05 million pounds

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Georgia on my mine: Bitmain brings 56K Bitcoin miners to the state

The $62 million deal is expected to generate $10 million in monthly revenue for ISW Holdings. 5906 Total views 54 Total shares Chinese mining hardware giant Bitmain will be bringing 56,000 of its latest Antminers to the state of Georgia in the southeastern United States. The influx of mining rigs is part of a three-way deal between Nevada-based tech firm ISW Holdings, crypto mining datacenter Bit5ive, and Bitmain. According to ISW Holdings, the

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Slow to start: Crypto regulators lagging behind blockchain industry

Did a visit from the SEC’s Gensler with EU legislators signal a policy shift? Is U.S.–European collaboration on crypto regulation coming soon? 2077 Total views 7 Total shares As if he didn’t have enough to do, Gary Gensler appeared before the European Parliament on Sept. 1 to share his policy recommendations regarding the regulation of crypto assets and other matters. While the United States Securities and Exchange Commission Chair made cl

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El Salvador's bonds suffer as Bitcoin Law takes effect

Bond investors appear to be betting against El Salvador’s controversial Bitcoin Law, but other factors need to be taken into account. 14910 Total views 80 Total shares El Salvador’s move to embrace Bitcoin has ruffled the feathers of bond investors, with yields spiking as investors signal uncertainty for the emerging economy. A Wednesday report published by Bloomberg notes that recently, the yield curve on El Salvador’s bonds has inverted

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Bitcoin transactions ‘akin to bartering,’ Bank of Mexico governor says

Governor Díaz de León said Bitcoin resembles “a dimension of precious metals” when compared to the central bank’s fiat money. 6793 Total views 95 Total shares The governor of the Bank of Mexico, Alejandro Díaz de León, dismissed Bitcoin’s (BTC) position as a reliable legal tender, citing price volatility as a major roadblock toward full-fledged adoption.  Díaz de León said in a Reuters interview that Bitcoin’s position in today

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El Salvador's largest bank partners with Flexa for Bitcoin payments

Bancoagrícola will work with Flexa to accept Bitcoin across the bank’s network for payments like loans and credit cards. 7524 Total views 133 Total shares Bancoagrícola, El Salvador’s largest financial institution, is set to boost the country’s Bitcoin adoption policy following its partnership with digital payments gateway Flexa. According to an announcement by Flexa on Thursday, Bancoagrícola has inked a deal with the crypto payment ne

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US crypto exchange CrossTower expands to India

CrossTower is betting on the growing crypto market in India despite uncertainty over the legal status of Bitcoin in the country. 2410 Total views 51 Total shares United States-based cryptocurrency exchange CrossTower is expanding operations to India despite the ongoing legal uncertainty over local crypto regulation. CrossTower has set up a local division in India and launched a cryptocurrency trading platform to capture the growing multi-billion

Read More

The Bitcoin metric that flipped green just before $50K BTC price bull run is back

Spent output profit ratio is heavily hinting that hodlers should buy the dip on BTC, analysts say. 17288 Total views 54 Total shares Bitcoin (BTC) speculators have been selling at a loss, and this week presents a golden buying opportunity, analysts say. Data shows Bitcoin’s spent output profit ratio (SOPR) flipped negative for the first time in six weeks on Wednesday. SOPR says “buy the dip” A classic buy signal, negative SOPR implies tha

Read More

More than a law: Texas takes steps to amend Bitcoin into state constitution

Texas aims to catch up with other crypto-friendly states and then some, but commentators say that amending a state constitution won’t happen immediately. 19168 Total views 264 Total shares Everything is bigger in Texas, which is why it shouldn’t come as a surprise that the Lone Star state is making moves to become America’s next Bitcoin (BTC) hotspot.  Most recently, Texas implemented two laws to ensure that cryptocurrencies are recognize

Read More

Insiders sold MicroStrategy stock after Bitcoin’s bull run

Notorious Bitcoin bull and MicroStrategy CEO Michael Saylor himself hasn’t dumped any company stock since 2012. 16780 Total views 125 Total shares Virginia-based enterprise software company MicroStrategy has captured the attention of crypto and financial news outlets alike with its CEO’s atypical strategy of going all-in on Bitcoin, beginning in 2020, with some reporters quipping that the company has since morphed into something closer to a

Read More

Russian Duma wants to regulate crypto mining as business

Russia is moving to regulate cryptocurrency mining after legitimizing the broader crypto industry in January. 4962 Total views 52 Total shares As Russian cryptocurrency advocates are working to attract global crypto mining operators, local lawmakers have gotten more serious about regulating the industry. Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, claimed that Russian lawmakers are now considering recogniz

Read More

Bitcoin price in line for ‘impulsive bounce’ as Solana (SOL) leads altcoin surge

Things are looking up for Bitcoin and altcoins on Thursday, but the chance of a breakdown remains, one analyst warns. 22287 Total views 78 Total shares Bitcoin (BTC) volatility is again overdue, and one analyst is favoring an “impulsive” move toward $50,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: “Chill and wait” for Bitcoin breakout Data from Cointelegraph Markets Pro and TradingView showed BTC/USD co

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Nasdaq to provide price feeds for tokenized stock trades on DeFiChain

Nasdaq, alongside Finnhub and Tiingo, will be providing its price feeds to DeFiChain, a DeFi platform built on the Bitcoin network. 11784 Total views 97 Total shares Tokenized stocks have had a shaky few months from a regulatory perspective, but that seemingly hasnt stopped legacy financial giants and decentralized finance (DeFi) advocates from inking new deals.  Bloomberg reported today that Nasdaq, Finnhub and Tiingo will be providing their

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Here are the BTC price levels to watch as $38K emerges as bulls' line in the sand

A weekly close much below current levels would be a problem, analysis warns, as key moving averages hang in the balance. 32660 Total views 77 Total shares Bitcoin (BTC) needs to retain two key moving averages in order to stay bullish, but is failing, fresh analysis shows. In its latest market update on Sept. 10, trading platform Decentrader warned that bulls do not have the upper hand much above current price levels. A "golden cross" like any ot

Read More

Price analysis 9/10: BTC, ETH, ADA, BNB, XRP, SOL, DOGE, DOT, LUNA, UNI

Altcoins are still flashing bullish signals but Bitcoin’s steady slide toward its swing low could put a damper on the market’s positive sentiment. 36398 Total views 74 Total shares Bitcoin’s recent plunge does not seem to have shaken the investors and data shows that exchange reserves were down to 2.399 million Bitcoin (BTC), which is close to the May all-time low at 2.390 million Bitcoin. Ki Young Ju, CEO of on-chain analytics platform C

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El Salvador buys the dip as Bitcoin Law goes live, 101 Bored Ape NFTs sold for $24M, Ukraine passes crypto legislation: Hodler’s Digest, Sept. 5-11

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 Week Ukraine passes legislation to recognize and regulate crypto The Ukrainian parliament adopted the draft law “On Virtual Assets” Wednesday, which legally recognizes crypto in the country

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Bitcoin transactions ‘akin to bartering,’ Bank of Mexico governor says

Governor Díaz de León said Bitcoin resembles “a dimension of precious metals” when compared to the central bank’s fiat money. 8322 Total views 95 Total shares The governor of the Bank of Mexico, Alejandro Díaz de León, dismissed Bitcoin’s (BTC) position as a reliable legal tender, citing price volatility as a major roadblock toward full-fledged adoption.  Díaz de León said in a Reuters interview that Bitcoin’s position in today

Read More

MicroStrategy doles out $240M on additional Bitcoin purchase

The company's Q3 Bitcoin spend now stands at almost $420 million following this latest BTC acquisition. 1612 Total views 31 Total shares Business intelligence outfit and corporate Bitcoin (BTC) whale MicroStrategy has increased its BTC ownership with the additional purchase announced on Monday. MicroStrategy CEO Michael Saylor announced the purchase of 5,050 BTC for about $242.9 million at an average of $48,099 per coin. In a Form 8-K filing wit

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Bearish pennant breakdown confirmed? 5 things to watch in Bitcoin this week

BTC spot price action looks gloomy on Monday, but as traders, analysts and more note, there are practically no reasons to be bearish on Bitcoin. 20578 Total views 94 Total shares Bitcoin (BTC) starts a new week in a precarious place — below $45,000 and below some key moving averages. What’s next? Almost a week after a cascade of leveraged position unwinding forced the market to $42,800, Bitcoin has erased most of its subsequent recovery. The

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Bitcoin exchange reserves near record low, with traders eyeing $43K BTC price support

BTC price action may be struggling, but one analyst is hoping for a “sell-side liquidity crisis.” 22475 Total views 37 Total shares Bitcoin (BTC) available on exchanges is about to hit its lowest levels ever, the latest data shows. As noted by Ki Young Ju, CEO of on-chain analytics platform CryptoQuant, exchange reserves have returned to all-time lows last seen in early May. Time for another Bitcoin “sell-side liquidity crisis?” As of Th

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Bitcoin transactions ‘akin to bartering,’ Bank of Mexico governor says

Governor Díaz de León said Bitcoin resembles “a dimension of precious metals” when compared to the central bank’s fiat money. 8716 Total views 95 Total shares The governor of the Bank of Mexico, Alejandro Díaz de León, dismissed Bitcoin’s (BTC) position as a reliable legal tender, citing price volatility as a major roadblock toward full-fledged adoption.  Díaz de León said in a Reuters interview that Bitcoin’s position in today

Read More

Shanghai Man: China declares victory over crypto — Is this the end of the crackdown?

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.   Victory for the regulators After a tumultuous summer of crackdowns, the Chinese regulators are declaring their victory in eliminating illegal cryptocurrency trading activities in the country. This revelation came in the outlook section of the “China

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BTC price battles for $46K as Polkadot (DOT) ends weekend with 10% surge

Signs of strength slip into Bitcoin markets but altcoins are proving more interesting as the weekend draws to a close. 12782 Total views 133 Total shares Bitcoin (BTC) hit problems at $46,000 on Sept. 12 after a “strong bullish divergence” on lower timeframes met with resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Higher lows creep in for BTC/USD Data from Cointelegraph Markets Pro and TradingView showed BTC/US

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Here are the BTC price levels to watch as $38K emerges as bulls' line in the sand

A weekly close much below current levels would be a problem, analysis warns, as key moving averages hang in the balance. 36443 Total views 77 Total shares Bitcoin (BTC) needs to retain two key moving averages in order to stay bullish but is failing, fresh analysis shows. In its latest market update on Sept. 10, trading platform Decentrader warned that bulls do not have the upper hand much above current price levels. A "golden cross" like any oth

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Zip eyes millennials with planned launch of crypto trading in the US next year

Aussie "buy now, pay later" fintech found that BNPL users are 67% more likely to trade crypto than non-users. 632 Total views 13 Total shares Australian "buy now, pay later" (BNPL) firm Zip​​, the smaller rival to Square’s recently-acquired Afterpay, is hitching its future growth prospects to the cryptocurrency industry. Zip USA CEO Brad Lindenberg told attendees at the company's first retail investor day that “The innovation around cryp

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Price analysis 9/10: BTC, ETH, ADA, BNB, XRP, SOL, DOGE, DOT, LUNA, UNI

Altcoins are still flashing bullish signals but Bitcoin’s steady slide toward its swing low could put a damper on the market’s positive sentiment. 40576 Total views 74 Total shares Bitcoin’s recent plunge does not seem to have shaken the investors and data shows that exchange reserves were down to 2.399 million Bitcoin (BTC), which is close to the May all-time low at 2.390 million Bitcoin. Ki Young Ju, CEO of on-chain analytics platform C

Read More

MicroStrategy doles out $240M on additional Bitcoin purchase

The company's Q3 Bitcoin spend now stands at almost $420 million following this latest BTC acquisition. 10759 Total views 157 Total shares Business intelligence outfit and corporate Bitcoin (BTC) whale MicroStrategy has increased its BTC ownership with the additional purchase announced on Monday. MicroStrategy CEO Michael Saylor announced the purchase of 5,050 BTC for about $242.9 million at an average of $48,099 per coin. In a Form 8-K filing w

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Bitcoin price flirts with $40K, but derivatives data is still bullish

Bitcoin is leaning toward the $40,000 level, but derivatives data shows traders are holding a neutral-to-bullish stance. 10465 Total views 39 Total shares 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 o

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Why Ethereum needs better compatibility, explained

Nearly all significant real-world use cases of cryptocurrency are DeFi use cases.  Ethereum (ETH) is arguably the real star of the blockchain world, and even as Bitcoin (BTC) continues its extended bull run, ETH has also continued to prosper.  According to a July Consensys report, there are now 161 million unique Ethereum addresses, a 10% increase from the end of Q1 2021, and the Total Value Locked (TVL) of ETH’s proof-of-stake ecosystem reached $146 billion in August. The crypto wo

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Price analysis 9/10: BTC, ETH, ADA, BNB, XRP, SOL, DOGE, DOT, LUNA, UNI

Altcoins are still flashing bullish signals but Bitcoin’s steady slide toward its swing low could put a damper on the market’s positive sentiment. 41109 Total views 74 Total shares Bitcoin’s recent plunge does not seem to have shaken the investors and data shows that exchange reserves were down to 2.399 million Bitcoin (BTC), which is close to the May all-time low at 2.390 million Bitcoin. Ki Young Ju, CEO of on-chain analytics platform C

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Next stop $85K for Bitcoin as analysts predict ‘explosive’ Q4 for BTC price action

There’s nothing that can spark Bitcoin downside except a “significant bad news event,” says analyst Filbfilb as the market awaits upside. 33699 Total views 182 Total shares Bitcoin (BTC) is heading for at least $85,000 in Q4 this year and could well surpass the $100,000 mark, new research says. In its latest market update on Friday, trading platform Decentrader revealed an unapologetically bullish mid-term BTC price forecast. Next stop $85

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Bitcoin is 'playing mind games' as its price coils into a tighter range

Analysts highlight the formation of a bull flag on the Bitcoin chart and suggest that the price could continue to consolidate until a major catalyst moves the market. 18627 Total views 49 Total shares The general mood across the cryptocurrency market is one of anticipation on Sept. 17 as the price of Bitcoin has traded in an increasingly tighter range over the past couple of days and looks to be coiling in preparation for a move one way or anoth

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Bitcoin loses $44K support as stocks, Evergrande nerves hit BTC price

Sentiment takes a battering amid surprise at the extent of the Bitcoin price “nuke.” 17390 Total views 103 Total shares Bitcoin’s (BTC) fell below critical $44,000 support on Monday as concerns over China spilled over into crypto markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC’s price sinks through support Data from Cointelegraph Markets Pro and TradingView showed BTC/USD shedding 2% in an hour to hit local

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FTX crypto exchange expands to Bahamas with new registration

Sam Bankman-Fried’s cryptocurrency exchange FTX plans to establish a “substantial presence” in The Bahamas. 2146 Total views 21 Total shares FTX, one of the world’s largest cryptocurrency exchanges, continues expanding operations by inking major regulatory approval in The Bahamas. The Securities Commission of The Bahamas has registered FTX Digital Markets, the Bahamian subsidiary of the global FTX crypto exchange, as an official digital

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Miners have accumulated $600M worth of Bitcoin since Feb

Bitcoin miners appear reluctant to sell their BTC as the hash rate increases despite the recent sell-off. 5162 Total views 82 Total shares Bitcoin miners are accumulating Bitcoin (BTC) as the network hash rate continues to recover, according to on-chain analytics provider Glassnode. In its Sept. 20 Week on Chain report, Glassnode stated that miner BTC balances are increasing, with wallets associated with miners having stockpiled 14,000 BTC (wort

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Smart contracts are coming to Bitcoin through Dfinity’s Internet Computer

Efforts to expand Bitcoin’s functionality for payments, smart contracts and Web 3.0 are well underway, opening the door to wider mainstream adoption. 6928 Total views 8 Total shares Dfinity Foundation’s Internet Computer blockchain is bringing smart-contract capabilities to the Bitcoin (BTC) network, potentially opening the door to new use cases for the premier cryptocurrency.  Internet Computer will utilize its so-called chain key cryptogr

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100 years ago, Henry Ford proposed ‘energy currency’ to replace gold

Bitcoin appears to meet the definition of an energy-backed currency proposed by the famed American inventor during the interbellum period. 24533 Total views 304 Total shares In 1921, American industrialist Henry Ford proposed the creation of an “energy currency” that could form the basis of a new monetary system — offering striking similarities to the peer-to-peer electronic cash system outlined in Satoshi Nakamoto’s 2008 Bitcoin (BTC) w

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BTC price falls back to $47K as weekly close neatly tracks Bitcoin futures gap

It’s a modest weekly gain for Bitcoin buyers as Saturday’s progress comes full circle back to square one the next day. 11762 Total views 97 Total shares Bitcoin (BTC) retested $47,000 on Sunday as the weekly close looked set to hinge on the CME futures gap. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin comes full circle after erasing gains Data from Cointelegraph Markets Pro and TradingView showed mixed signals f

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Stocks sell-off tanks Bitcoin price, but traders expect a bounce near $42K

Fear over the Evergrande situation weighed heavily on equities markets and Bitcoin price, leading traders to expect a bounce in the $42,000 to $38,000 zone. 8595 Total views 58 Total shares The cryptocurrency market faced a fresh round of selling on Sept. 20 as global financial markets fell under pressure thanks to fears surrounding the potential default of Evergrande Group , a China-based real estate company whose collapse could send ripples

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Top Brazilian investment bank BTG Pactual launches crypto trading app

Initially supporting only BTC and ETH, BTG Pactual’s new crypto trading platform plans to allow its users to trade a wide range of altcoins. 3941 Total views 34 Total shares Leading Brazilian investment bank BTG Pactual has launched a new platform that enables customers to make direct investments in cryptocurrencies. The bank’s Mynt platform currently allows users to purchase Bitcoin (BTC) and Ether (ETH), with BTG Pactual expressing its int

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Institutional investors increase their crypto holdings for 5th straight week

Despite the recent selloff in the crypto markets, institutional managers have been quietly turning bullish over the past month. 10190 Total views 73 Total shares Cryptocurrency assets held by institutional managers rose for a fifth consecutive week, a sign that market participants had once again flipped bullish on Bitcoin (BTC) and the leading altcoins.  Investment flows into crypto products totaled $42 million in the week ending on Sept. 19, w

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Crypto markets soar after Fed commits to printing and Evergrande plans to pay its debt

The crypto market staged a roaring comeback after Evergrande makes a deal to pay its debts and the Fed signals a continuation of its current monetary policy. 1915 Total views 11 Total shares The cryptocurrency ecosystem is showing signs of a recovery on Sept. 22 following a 48-hour corrective stint which saw Bitcoin and altcoins sell-off to their swing lows. Equities and crypto investors were clearly worried about the possible bankruptcy of Chin

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Altcoins see a 35% bounce after Bitcoin reclaims $43,000

LPT, COTI and AXS lead altcoins higher after ETH hits $3,000 and Bitcoin bulls take control of $43,000. 8828 Total views 71 Total shares The sharp correction that threatened to pull Bitcoin (BTC) and altcoin prices back toward their swing lows appears to have dissipated now that Evergrande has informed investors that it intends to make an on-time payment on its debt. With global markets feeling reassured, major equities, Bitcoin and altcoins pri

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