Thursday, July 25 — the crypto markets are seeing a strong surge of green, with altcoins posting the strongest gains and Bitcoin (BTC) breaking back above the psychological price point of $10,000. Market visualization. Source: Coin360 Having dropped to a four-figure price point in recent corrections, BTC is today up a solid 3.2%, bringing it to $10,075 by press time. While still short of its intra-week high of over $11,000 (July 21), today’s recovery has brought the coin to a circa 4% gain on its 7-day chart. In an interview on the podcast Unchained this week, Pantera Capital founder Dan …
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The crypto community was divided after United States president Donald Trump tweeted against cryptocurrencies. Some speculated that a ban by Trump can be detrimental to the asset class. However, Binance CEO Changpeng Zhao believes that if Trump were to ban digital currencies, it will only lead to increased number of citizens wanting to buy …
The amount of Bitcoin (BTC) that has not been moved for at least five years is at an all-time high, reports cryptocurrency data website Coinmetrics on July 23. Is hodling currently at its highest? Per the report, the amount of BTC held in a single address unmoved for at least five years recently reached its all-time high. More precisely, on July 19, the number of coins meeting this requirement reached 3,847,859 BTC. Coinmetrics claims that this suggests that Bitcoin is increasingly becoming a store of value, as opposed to a medium of exchange. Coinmetrics further calculated that the previously specified …
Wednesday, July 24 -- Bitcoin (BTC) has dipped back below the $10,000 mark as the crypto markets are seeing near-total red. Market visualization. Source: Coin360 Having clung to its five-figure price point in recent days, a 3.2% drop on the day has brought BTC down to around $9.740 by press time. Earlier on its 7-day chart, Bitcoin had dipped as low as the $9,300-400 mark (July 18), before recovering to as high as $11,000 by weekend trading hours (July 21-22). Even as its market performance falters, the cryptocurrency has recently been the subject of much excitement and debate in China …
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Regulators and politicians around the world, barring a few, continue to hound Facebook’s Libra coin. European Central Bank board member Benoit Coeure said that Libra will not be allowed to launch until it guarantees safety for its users. Damian Collins, a senior official at the British Parliament was even more aggressive of the project …
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The bashing of Libra continues, with G7 finance ministers warning that if the project is not regulated tightly, it can upset the global financial system. The ministers are against a private company issuing its own currency without any control. Nonetheless, the project got support from unexpected quarters. The head of Germany's central bank Jens …
A mobile crypto wallet has announced that users can now effortlessly access thousands of decentralized applications (DApps) directly through its platform. Lumi Wallet says its motivation is to create a one-stop-shop for crypto enthusiasts — a whole ecosystem focused on convenience and simplicity. At the heart of this strategy has been an ambition to streamline the process of downloading DApps. According to Lumi Wallet, it was driven to act after seeing how frustrating the experience can be for smartphone and tablet owners. Not only do individual pieces of software take up a lot of precious memory, but it can be …
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Bitcoin rallied from $3,355 on Jan. 29 to a high of $13,973.5 on June 26. That is a gain of 316.49% in just under five months. In that, the last 56% of the rally happened after Facebook unveiled Libra. In the past few days, Libra has come under increased scrutiny from regulators and politicians …
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The sharp recovery from the lows led by Bitcoin was largely based on the pretext that institutional players had finally started to take greater interest in the asset class. The sharp uptick in Bitcoin futures volumes and increased demand for Grayscale Bitcoin Trust shares was thought to be indicative of this. However, Binance's chief …
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. United States President Donald Trump bashed both Facebook’s Libra and Bitcoin in a series of tweets on July 11. However, the interesting thing is that unlike the U.S. stock markets, which respond sharply to Trump’s tweets, the crypto universe was unaffected. Many believe that the statement from Trump is a strong positive. According to …
Wednesday, July 10 — Cryptocurrency markets have registered a sharp drop after Bitcoin hit the $13,000 price mark in the beginning of the day, according to data from Coin360. Market visualization courtesy of Coin360 Bitcoin (BTC) is currently trading at around $12,092, having lost over 3.6% on the day, although in early trading today the BTC/USD pair reclaimed almost $1,000 in 24 hours. In terms of its weekly performance, Bitcoin is up by 4.28%. Bitcoin 7-day price chart. Source: Coin360 The second-largest cryptocurrency by market capitalization Ether (ETH) has come down by 6.34% over the past day and is trading …
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. CEO of BitMEX Arthur Hayes believes that Facebook’s Libra could make central and commercial banks irrelevant. It will be interesting to note whether this will force the commercial banks to walk down the crypto path. Investment banking giant Goldman Sachs certainly seems to be taking the first step. It has advertised a position for …