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Another USD 1B Liquidated In One Hour As Crypto Selloff Intensifies
23.2.2021
After more than USD 4bn in cryptoasset trading position was liquidated yesterday, another USD 1bn was liquidated today in just one hour as a selloff in the crypto market intensified, increasing bitcoin (BTC)'s dominance.
Almost 91% of the liquidated positions are long positions, while BTC accounts...
Bitcoin Tests USD 50K, Ethereum and Altcoins Drop
23.2.2021
Bitcoin price is down over 10% and it broke many important supports near USD 55,000 and USD 52,000. BTC is currently (05:00 UTC) struggling to settle above USD 50,000. A daily close below USD 50,000 may possibly open the doors for more losses towards USD 45,000.
Similarly, there were strong bearish...
Overleveraged Crypto Traders Just Lost Another USD 1B, Binance Leads Again
22.2.2021
Over USD 1bn in long trading positions has been liquidated in the past 24 hours as overly optimistic traders seem not willing to learn after they lost almost USD 2bn just a week ago.
Almost USD 600m of those positions were in bitcoin (BTC). In the past hour alone (10:39 UTC), almost USD 400m have...
Pricing Gold, Food, and Altcoins With the BTC Denominator: How to Measure an Asset’s Worth in Bitcoin
21.2.2021
On February 21, bitcoin touched a lifetime price high at $57,844 per unit after the crypto asset’s market valuation crossed the $1 trillion zone for the first time in history the day prior. Meanwhile, a number of digital assets have seen fiat values increase as coins like litecoin, ethereum...
Ethereum Hits USD 2,000, Outperformed by Bitcoin Rally
20.2.2021
The two largest cryptoassets, bitcoin (BTC) and ethereum (ETH), are on their journey of discovering new all-time highs.
Despite its recent high fees-caused problems that helped competitors grow, ETH surpassed USD 2,000 today for the first time, while BTC, which is still a USD 1trn asset, rallied...
MicroStrategy Raises USD 1B to Buy More Bitcoin
19.2.2021
MicroStrategy confirmed today that it raised USD 1.05bn and it intends to spend it on bitcoin (BTC). The company estimates that the net proceeds from the sale of its notes will be approximately USD 1.03bn.
(To be updated)
Bitcoin Mining Difficulty Set To Hit New ATH While BTC Rallies Above USD 53K
19.2.2021
At the time when bitcoin (BTC) price is breaking all-time highs, the mining difficulty is set to break its record today.
Per mining pool BTC.com estimates, mining may become the most difficult it's ever been in several hours from now (15:34 UTC). Bitcoin mining difficulty, or the measure of...
Bitcoin and Ethereum Hold Gains, BNB Flips Tether and Tests USD 250
19.2.2021
Bitcoin price started a short-term downside correction from the USD 52,750 all-time high. BTC declined below USD 52,000 and USD 51,500. However, the bulls were active and the price is currently (05:00 UTC) trading well above the USD 50,500 support zone.
Besides, there were mostly positive moves...
Digital Yuan Must Dethrone Alipay, WeChat Pay Before Taking on USD - Researcher
18.2.2021
Much has been made of the forthcoming digital yuan – China’s central bank digital currency – and its potential threat to the United States dollar, but a China watcher is saying that the token will first need to displace the likes of Alipay and WeChat Pay at the top of the domestic e-pay...
As Millions Drown in Today’s Poverty Trap, Macro Strategist Raoul Pal Says ‘Bitcoin Is a Life Raft’
18.2.2021
Global Macro Investor CEO, Raoul Pal, discussed the current economy this week and asked his 394,000 followers if people are using the wrong denominator when it comes to certain economic factors. One thing’s for certain, wages have not increased, no matter the common denominator people use...
Bitcoin Above USD 51K, Ethereum and Altcoins Move Up Too
17.2.2021
Bitcoin price reclaimed the USD 50,000 barrier and extended its rise. BTC cleared the USD 51,000 level and traded to a new all-time high. It is currently (13:00 UTC) gaining momentum and it might surpass USD 52,000.
Similarly, most major altcoins are rising steadily. ETH is back above USD 1,800...
MicroStrategy Ups Its New Mega Bitcoin Deal to Over USD 1B
17.2.2021
MicroStrategy’s CEO Michael Saylor. Source: a screenshot, Youtube/Swan Signal - A Bitcoin Channel
One of the most bullish non-crypto companies, US-based software developer MicroStrategy just increased its initial plan to once again borrow up to USD 690m and spend it on bitcoin (BTC) to over...
Listed German Cannabis Firm to Buy Bitcoin, Slates Euro and USD
17.2.2021
Companies outside the United States look set to follow Tesla and others into bitcoin (BTC) buying, after the German listed cannabis company SynBiotic announced that it has “started to shift some of its free liquidity into bitcoin.”
Although the German company did not disclose the size of...
Bitcoin Accelerates, Nears USD 51,000
17.2.2021
The most popular cryptocurrency, bitcoin (BTC) hit USD 50,000 three times in less than 24 hours and on the third attempt it almost reached USD 51,000 before correcting lower.
At the time of writing (07:53 UTC), BTC trades at USD 50,861, correcting from its new all-time high of USD 50,902,...
Bitcoin Revisits USD 50K While Ethereum and Altcoins Correct Gains
17.2.2021
Bitcoin price popped above the USD 50,000 level today again before correcting lower. It is currently (05:00 UTC) consolidating gains above the USD 49,000 the support level and is showing positive signs.
Conversely, most major altcoins are slowly gaining bearish momentum. ETH/USD is approaching...
Bitcoin Surges Past USD 50K, Ethereum, Altcoins Eye Additional Gains
16.2.2021
Bitcoin price gained bullish momentum above USD 49,000 and USD 49,500. Finally, BTC broke the USD 50,000 resistance and traded to a new all-time above USD 50,300. The bulls are currently (13:00 UTC) in control and there are chances of more upsides towards USD 51,500.
Similarly, most major altcoins...
Bitcoin Hits $50K, Crypto Asset Jumps 200% in 3 Months, USD Shorts Touch a Decade High
16.2.2021
The price of bitcoin touched an all-time high surpassing the $50k handle on February 16, 2021. Cryptocurrency advocates celebrated the milestone as bitcoin has spiked more than 200% during the last 90 days and 400% against the U.S. dollar for the entire year. Bitcoin (BTC) has crossed...
Bitcoin Rallies From USD 20,000 to USD 50,000 In Two Months
16.2.2021
Source: Adobe/Fox_Dsign
On December 16, 2020, the most popular cryptocurrency, bitcoin (BTC), revisited the USD 20,000 level after a three years journey. Two months later, on February 16, 2021, BTC has entered the USD 50,000 zone for the first time in its history on signs of increasing...
Bitcoin Targets USD 50,000 Again, Ethereum, Altcoins Surge
16.2.2021
Bitcoin price started a fresh increase after it broke the USD 48,000 resistance. BTC gained momentum and it surpassed the USD 49,400 resistance. It even traded to a new all-time high near USD 49,975 and it is currently (05:00 UTC) consolidating gains.
Besides, most major altcoins are showing signs...
USD 1.9B Liquidated As Overexuberant Crypto Traders Get Overleveraged
15.2.2021
Around USD 1.9bn in 281,000 trading positions have been liquidated in a day as the market corrected sharply, per bybt.com data. Around 90% of the liquidations were of long positions, suggesting that overly optimistic traders were using margin trading to open large positions in the hope of bitcoin...