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Bitcoin’s Implied Volatility Falls Sharply Ahead of Jerome Powell Speech
27.8.2020
Bitcoin’s options market foresees little price turbulence in the short-term, even as markets await a key speech from the chairman of the Federal Reserve
Bitcoin Hashrate Falls 25% in 3 Days, Miners Unplug as Floods Hit China
18.8.2020
With heavy rainfalls and flooding hitting Southwest China’s Sichuan province, the global computing power dedicated to mining bitcoin (BTC) has now dropped by about a quarter, as some Sichuan-based miners have been forced to unplug from the network.
The bitcoin computing power, usually referred...
Bitcoin Transaction Fees Soar 550% in a Month, BCH, Dash Transactions Much Cheaper
11.8.2020
The cost of sending a transaction over the Bitcoin network rose sharply over the past month, as the price of the top cryptocurrency climbed higher. According to latest data from Bitinfocharts, the average bitcoin (BTC) transaction fee soared by as much as 547% in the month to August 6, rising from...
Federal Reserve’s Expected Inflation Ramp-Up Drives Institutional Investors to Hedge With Bitcoin
10.8.2020
The U.S. Federal Reserve is expected to ramp up inflation by keeping interest rates low. As the U.S. dollar falls sharply and gold’s price soars, institutional investors are moving their money into alternative investments, including bitcoin. Fed Policies Drive Demand for Bitcoin The Federal...
New Balancer Token More Than Doubles in Price as COMP Drops Sharply
24.6.2020
After an impressive rise – and subsequent fall – in price for Compound Finance’s COMP token over the past weekend, a new contender has already arrived to the DeFi land, making a splash on the first day after it started distributing its new token to users.
The new platform in question is Balancer,...
Bitcoin and Altcoins Recover Sharply, Trading Near Inflection Zone
16.6.2020
Yesterday, bitcoin price extended its decline below the USD 9,200 and USD 9,050 support levels. For a moment, BTC even spiked below USD 9,000, but the bears failed to gain strength. As a result, the price started recovering and it recently jumped more than 4% to test the USD 9,550 resistance...
Long Squeeze Incoming? 3 Reasons Why Bitcoin Price May Correct Sharply
17.5.2020
Despite Bitcoin price repeatedly failing to push above $10,000, the majority of traders are long, increasing the possibility of a long squeeze
Canadian Firm Hut 8 Reports Bitcoin Mined in Q1 Declined 54% Due to Price Volatility
13.5.2020
On Monday, Hut 8 Mining reported that first-quarter revenue rose 5% to $9 million from $8.59 million a year ago after the amount of bitcoin (BTC) extracted plunged sharply. Quarter-on-quarter, revenue fell 14%. For the three months to March 31, 2020, the Canadian bitcoin firm said it mined 1,116...
Iran to Cut 4 Zeros From Its Currency Amid Chronic Inflation and US Sanctions
7.5.2020
Iranian lawmakers have reportedly approved a plan to slash four zeros from the national currency, the rial, which has been falling sharply in value amid chronic inflation and the U.S. sanctions. The official currency will also be replaced. Economists are skeptical about how the changes will affect...
Ripple’s XRP Sales Drop Sharply, ODL Gets Traction
1.5.2020
The XRP-affiliated fintech firm Ripple has once again reduced selling from its massive holdings of XRP tokens, this time reaching its lowest quarterly sales ever.
According to their new report, the first quarter of this year saw XRP sales by Ripple of USD 1.75 million. The new figure comes after...
Crypto M&A and Fundraising Dropped Sharply in 2019: PwC Report
6.4.2020
The value of crypto M&A deals last year dropped by a whopping 76 percent, according to a new report by PwC – down from $1.9 billion in 2018 to $451 million in 2019
Crypto-Mining Attacks Fell Sharply in 2019 but Ransomware Is Trending: Kaspersky
18.12.2019
In the cat-and-mouse game between hackers and users, less-lucrative crypto-mining malware fell out of favor this year
BTC, Altcoin Prices Drop Sharply After Day of Growth, Ripple Moves XRP
4.9.2019
Bitcoin remains comfortably well the USD 10,000 mark. But despite a second day of growth, with prices steadily climbing towards USD 11,000, investors appeared to have been spooked late on Tuesday night (GMT).
A number of popular altcoins had also been showing upward growth, with hints of market...
Bitcoin Price Drops Sharply Below $10K, Marking New Weekly Low
28.8.2019
The price of Bitcoin has sunk below $10,000, sending the currency’s price back to where it started the 30-day period
Bitcoin and Black Market Fiat: Hyperinflation Crushes Venezuela as Global Devaluation Ramps Up
2.7.2019
Venezuela is being crushed by staggering hyperinflation as a sharply divisive political crisis has the economy in ruins. Some are seeking refuge in alternatives to the national currency, like foreign fiat and crypto. The situation also calls into question the long-term trajectories of other, less...
Cardano Price Analysis: The Ranking and MCap of Cardano (ADA) Fell Sharply, Amidst the Bearish Market Trends
2.7.2019
In a recent announcement, the Cardano Foundation made an announcement of being an official member of the Chamber of Digital Commerce (CDC). The commercial branch of the Foundation, EMURGO, joined CDC as part of its Executive Committee. Not to forget that the Chamber of Digital Commerce is...
New Betting Game Allows People to Wager on BTC’s Next Block Fee
23.6.2019
Bitcoin core (BTC) prices have been rising sharply over the last few weeks and people have also noticed BTC transaction fees have spiked as well. Now there’s a new gaming site called Guess Bitcoinfees allowing people to bet on the 24-hour average transaction fee for the next day and the site...
Ripple Price Analysis: XRP Surges in a Day, Despite Hack Incident of 100 XRP Ledger Wallets
7.6.2019
GateHub, a cryptocurrency wallet service provider has revealed that nearly 100 XRP Ledger wallets have been hacked on their platform. Reportedly, 23,200,000 XRP tokens were stolen from 80-90 victims and the investigations are going on. It is to be seen how such a hack will affect the XRP price...
Bitcoin and Altcoins Decline Sharply but Holding Uptrend
31.5.2019
Recently, bitcoin price broke the USD 9,000 resistance, but there was a sharp rejection above USD 9,000. As a result, BTC/USD started a major decline and traded below the USD 8,550 and USD 8,450 support levels. The price traded close to the USD 8,000 handle and it is currently (08:10 UTC)...
Bitcoin and Altcoins Decline Sharply
17.5.2019
After tagging the USD 8,350 level, bitcoin price started a downside correction. BTC/USD broke the key USD 7,680 support level and declined heavily. The price is down around 10% and it recently tested the USD 7,000 support area. Similarly, there were sharp downsides in most altcoins such...