According to a report by data provider CryptoCompare, Bitcoin whales send large amounts to exchanges amid falling prices.
Bitcoin whales send large amounts to exchanges amid falling prices. price drop, according to a report from data provider CryptoCompare.
The sharp drop in the price of bitcoin has led to the creation of new market records in terms of daily trading volume. In June, Bitcoin averaged over $2 billion in daily trading volume. Since July 6, that number has grown to $4 billion a day.
The increase in trading volume is due to a significant increase in trading activity from high-volume traders. frequency (HFT) who bought large amounts of bitcoin in an attempt to profit from its volatility.
Latin American powerhouse Brazil has established itself as a global cryptocurrency leader, with both individual and corporate adoption on the rise.
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Bitcoin is one of the most volatile assets on the market and can be a bit tricky to trade. Most traders will try and follow an idea framework such as a trend-following method or market-neutral trading strategy.
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What was going to happen if Bitcoin (BTC) kept compressing above the 20-period MA on higher timeframes? And what would happen if it broke back into a new ascending trend from here?
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If you take a look at the chart above, it can be confusing to see the trend line breach 3 weeks ago (Figure 1) and then get broken up along with the 20MA (Figure 2). This is what they call a price top or “mini-correctionâ€.
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Ethereum’s co-founder, Vitalik Buterin, recently expressed his perspective on Sam Bankman-Fried (aka SBF), the former CEO of now-defunct exchange FTX, and the crypto community’s initial skepticism toward him.
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Thanks to Vitalik Buterin, we now have some insight into why many in the crypto community had reservations about Bankman-Fried.
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Vitalik Buterin is a co-founder of Ethereum, a decentralized computing platform for creating decentralized apps. He is also the author of “The Ethereum Yellow Paper†and has been involved in promoting the technology since 2012.
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Vitalik Buterin is an adviser in the field of artificial intelligence, cryptocurrency and digital contracts. The co-founder of Ethereum is a frequent speaker on the subject, and he’s often credited with contributing to its development by opening up new visions for the future of AI.
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Voyager, a Singapore-based blockchain company, has moved over 250 billion SHIB worth $2.7 million and 1,500 ETH valued at $2.77 million from the Ethereum address it used to store its tokens to the Coinbase crypto exchange.
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With record-high interest rates, rising population and size, and an even stronger tech sector, Brazil has positioned itself as one of the world’s most crypto friendly nations.
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There are many options today when it comes to Bitcoin mining. But most are very centralized in nature and do not utilize up-to-date technology. BTCS aims to change that by taking a multifaceted approach through its Bitcoin Spark application that facilitates mining and rewards distribution.
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Based on a recent report by on-chain analyst Delphi Digital, the cryptocurrency researcher indicates a number of similarities between Ethereum's (ETH) DeFi Summer of 2020 and what Solana (SOL) might be up to in 2024.
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After a massive rally in 2020 and a painful drawdown, in the next bull market, Solana (SOL) might repeat the performance of Ethereum (ETH).
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Bitcoin Spark seeks to revolutionize how we perceive and utilize cryptocurrencies. Users can participate by staking a portion of their Bitcoin Spark coins (BSC) — a currency that is built on the XRP Ledger Network. BSC are generated as a reward for providing processing power to other network users, as well as receiving rewards based on their ability to execute tasks on demand.
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We believe that blockchain is a game changer in many industries, but it's challenging to use. As the industry evolves and grows, so does its adoption by those who are using it.
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In this article, we're going to take a look at the possibility of another downward price movement for cryptocurrencies. The main reason for this is that we think that this decline could be a short-term one due to the current regulatory climate for ICOs, as well as increasing concerns about fraud scams.
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The biggest recent bull market in cryptocurrencies took place in early 2018, due to the price of bitcoin hitting $20,000. More than $1.3 billion has been invested in ICOs since 2017 and ICOs have raised over $5 billion. We think that this is just the start of something big, but it won't last since it is linked to a real value (which is lacking).
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The Elliott Wave Theory shows a five-wave move is underway to complete a five-wave Elliott cycle. The first wave is a large countertrend move from the low of the second wave up from the high of the third wave, ending in May 2019.
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