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Bitcoin News Roundup for Aug. 19, 2020
19.8.2020
With bitcoin pulling back from its bull run and the emergence of YAM-inspired “Spaghetti Money,” CoinDesk's Markets Daily is back for your latest crypto news roundup!
Bitcoin Price $12K Breakout Fails — Here’s How Low BTC Can Now Drop
19.8.2020
The price of Bitcoin has failed to turn $12,000 into a new support level, which may result in more downside for BTC in the near term
First Mover: Money Legos Turn ‘Exuberant’ as Chainlink Stripped of ‘DeFi’
19.8.2020
This year's growth in the cryptocurrency subsector DeFi has been so remarkable that some analysts are now calling the phenomenon "exuberant."
Only ‘Something Unexpected’ Can Stop Bitcoin Price Bull Run — Bloomberg
19.8.2020
Bitcoin’s “appreciation” will continue unless a freak occurrence interrupts it, says Bloomberg Intelligence
Bitcoin’s Bull Run is Slowing – Pullback Now Expected
19.8.2020
Some analysts are now predicting further price corrections after bitcoin fell back below the $12,000 milestone on Tuesday
98% of All Bitcoin Is Now Worth More Than When You Bought It
19.8.2020
At around $12,000, buying Bitcoin has been a profitable activity on 97.6% of all days since April 2013, data confirms
Bitcoin Price Prepares for $12,900 After Key Support Level Is Retested
19.8.2020
Bitcoin bulls are attempting to flip the $12,000-$12,200 range to support in order to kickstart a rally to $12,900
Total Value Locked in DeFi Is Overestimated by $2.83 Billion — Data Shows
18.8.2020
New data suggests the total USD value locked in DeFi protocols is overestimated by roughly $2.83 billion
Market Wrap: Bitcoin Slides to $11.8K; Uniswap at $7M in Monthly ETH Fees
18.8.2020
Bitcoin heads to bearish territory while the Ethereum blockchain’s gas fees continue to be pricey
Binance-Owned WazirX Announces DeFi Project With Matic
18.8.2020
The exchange has opted for Matic instead of Ethereum’s network, which is currently dominating the DeFi space because of "high gas costs."
3 Key Reasons Why DeFi Giant Yearn Finance (YFI) Rallied to $12,800
18.8.2020
In the past week Yearn Finance (YFI) rallied 330% to a new high at $12,800 but what’s behind this impressive rally?
Bitcoin News Roundup for Aug. 18, 2020
18.8.2020
With bitcoin's exchange reserves at a 20-month low and its hashrate getting soaked in Sichuan, CoinDesk's Markets Daily is back for your latest crypto news roundup!
Bitcoin Bull Market ‘Confirmed’ Says PlanB as RSI Repeats 2016 Halving
18.8.2020
Excitement is building around the Bitcoin price as history appears to repeat itself and analysts recall the start of its run to $20,000 all-time highs
Crypto Exchange LGO Integrates With Fireblocks to Speed Up Trading Times
18.8.2020
LGO says its partnership with Fireblocks will speed up slow deposit times – an opportunity cost for crypto exchange users
First Mover: Bitcoin Passes $12K, Dollar Worries Grow, OMG Jumps, Portnoy’s Orchid #Pump
18.8.2020
Bitcoin rises, Warren Buffett buys gold miner, Wall Street dollars worry grow, OMG price jumps, Orchid gets #pump tweet, Ethereum Classic delisting
Bitcoin Price Rises as U.S. Stock Market Rebounds, Maintaining Correlation
18.8.2020
The price of Bitcoin has increased in tandem with the U.S. stock market, as “big tech” fuels stock market sentiment
Bitcoin Holding Sentiment Strongest in Nearly Two Years
18.8.2020
The amount of bitcoin held on crypto exchanges is down to a 21-month low, a sign investors are feeling bullish
Chainlink Up Nearly 1,000% Since ‘Black Thursday’ Crash
18.8.2020
Chainlink's LINK token has surged nearly 1,000% over the past five months – some are worried the market is beginning to overheat
Bitcoin Price Will ‘Explode’ Says Trader if BTC Breaches $13,000
18.8.2020
The changing distribution of open interest is “wildly bullish,” one crypto fund manager says as John Bollinger says the price rally is “picture perfect.”
72% of Investors Will Hold Bitcoin Even if Price Falls to $0
18.8.2020
A new poll finds that 72% of bitcoin investors are bullish about the cryptocurrency and will hold onto it even if the price somehow falls to zero. A total of 22,635 votes were gathered for this survey. Most Bitcoin Investors Would Hodl Regardless of the Price Twitter user Plan B, known for...