Long-Term Bitcoin HODLers Still Accumulating, Suggests Conviction
The active supply of bitcoin held for shorter periods of time keeps shrinking, according to Arcane Research.
The active supply of bitcoin held for shorter periods of time keeps shrinking, according to Arcane Research.
It's often a bullish indicator when the the 50-week moving average crosses above the 100-week, but traders can get trapped on the wrong side of the market.
It's a sign of the times how dramatically the vaccine has changed the market landscape, a year after the coronavirus pandemic initially wreaked havoc on the global economy.
The combined company will operate as eToro Group Ltd. and be listed on the Nasdaq.
A deal could be announced as early as Tuesday.
Bitcoin is oversold and at trend support on intraday charts, but still faces heavy resistance around $58,000.
Bitcoin wiped out more excess bullish leverage with a drop below $54,000 early today, and is now looking north.
Investor flows into cryptocurrency investment funds is on track for a record quarter, according to CoinShares.
Very few of today's bond portfolio managers and traders can remember the last inflation shock, but that does not make a new shock less likely.
Bitcoin on Monday suffered its biggest single-day price decline in more than two weeks, after the fizzing of a retail trader-driven rally over the weekend.
The decline in institutional investment may be one reason behind bitcoin's failure to hold above $60,000.
Bitcoin mined with dirty energy sources like coal could be frowned upon like "blood diamonds," VC investor and reality TV star Kevin O'Leary claims.
Retail-dominated Bybit is now a bigger bitcoin futures exchange than CME.
The survey by Mizuho Securities estimates that 10% of the $380 billion to be issued as checks could be used to invest.
Traditional savings groups in Nigeria are looking at dollar-pegged stablecoins as a tool to protect their savings from local inflation.
Profit taking around $60,000 opens the door to lower support around $54,000, causing a bit of whiplash for bitcoin traders.
The launch of live trading comes after the exchange was granted Securities and Futures Commission licenses last August.
"Things are going to get a lot more heated from here," said Richard Byworth.
NFTs may be frothy right now, but they reveal a new type of price discovery for a new type of value, which could change business models.
Anchor was originally slated for an October launch, but the team pushed that back to late November. With the countdown showing on its website, this could really be it.
The founder of WHALE, a coin issued through the social token platform, confirmed the hack on Twitter.
The top cryptocurrency by market cap rose to $60,065 in a matter of minutes on Saturday morning.
Bitcoin is struggling to break above its current all-time high set in mid February.
Data and headlines on bitcoin's use in commerce point to an attribute that sets it apart from the yellow metal.
A $69 million NFT could end up being a mere pixel in a billion-dollar industry for digital assets.
The relative sizes of the markets means it's effectively impossible for NFTs to have a price impact on bitcoin. That may change in future.
SUSHI's near 3,000% rise isn't over, and could be valued at $100 using a traditional dividend discount model.
The surge in staking activity – similar to depositing money in an interest-bearing account – reflects the broader NFT frenzy.
The company's shares jumped 55% after the announcement.
Miner outflows have slowed since January. The last time this happened, bitcoin went parabolic.
