Bitcoin Price Poll: Why Investors Think BTC Could Fall to $3200?

Confidence in Bitcoin price bouncing back is extremely slim, with 48% of respondents expecting more price slides in a recent Bitcoinist poll. Bitcoin Confidence Lost After Deep Crash The confidence in Bitcoin is at low tide, as nearly half of respondents expect more selling and an extended capitulation. The expectations are that BTC price will slide to levels not seen since the lows of 2018. But what makes investors expect lows of around $3,200? Bitcoin […]

FTX Exchange Pays Users’ Gas Fees Out of Own Pocket

After unprecedented trading volumes and some network congestion, the FTX exchange introduced special measures to boost trader confidence. FTX Exchange Compensates Traders for ETH Congestion The rising gas fees for Ethereum (ETH) meant traders faced potential difficulties withdrawing funds. The exchange also showed lagging transactions for tokens, potentially leading to losses. For that reason, FTX stepped in to take the load off traders. “In view of the serious congestion of the Ethereum blockchain yesterday, FTX […]

Chainlink (LINK) Suffers Devastating Correction, Here’s Why

As the crypto markets took another dip on Thursday, Chainlink (LINK) saw the most dramatic shift in sentiment. The asset, which until recently defied gravity, could not continue on its rally. Chainlink Reverses Trend from $4 Peak LINK broke down tentatively under $4 in the past day, and initially showed just a slight pause in its climb. But in the past day, the price unraveled rapidly, both in dollar and BTC terms. The #11 largest […]

Bitcoin Crashes Under $6K on BitMEX, Crypto Market Sheds $56 Billion

Bitcoin (BTC) is depreciating rapidly today, with more than 11% loss in the past hour. The price dipped on panicked trading, crashing under $6,000 on BitMEX. Bitcoin in Freefall after Panic Sets In Bitcoin prices showed they suffered even more from the overall uncertainty on the stock markets. After tentatively stabilizing for a day, BTC unraveled, with a slide that cannot be stemmed. The extreme panic and the rapid movement on the futures market quickly […]

Tether Printers Churn Out 60M New USDT, Relief Rally Inbound?

Tether Inc. appears to be responding to the crypto market’s ongoing decline today by minting 60,000,000 new USDT tokens. Whenever this has happened in the past the crypto market usually experienced a surge in volatility. USDT Accrues in Tether Treasury The Tether printer became active after the latest bitcoin market crash, with the latest tranche creating another 60 million USDT. The large-scale transaction this March 11 followed a previous printing immediately after BTC crashed on […]

Bitcoin Price Regains $8K Support Zone, is the Bottom in?

Bitcoin price held support levels predicted by technical analysis, but the question remains whether the recent price drop has reached its bottom. Price Slide Abated, but Calling Bottom Still Not Certain The recent price drop below $9,100 brought bitcoin briefly under $7,700. But as the selling pressures abated, BTC is now at above $7,900, holding for now without another crash. The possibility for rapid-fire selling from whales crashed the prices, while allowing the possibility for […]

Whales Dumping on BitMEX Sent Bitcoin Price Plunging

The latest market activity brought the price of Bitcoin (BTC) to the $7,800 range, after rapid selling destroyed the market. Whales Dumped Millions in Bitcoin Starting late on Sunday, more reports of bitcoin dumping crept up on social media. On Monday, reports of whales dumping on BitMEX explained the downward spiral of the BTC market price. Bitcoin price kept losing support levels within hours on Monday, sinking toward the $7,800 tier just days after establishing […]

Bitcoin Market Now 100x Smaller Than Negative Yield Bond Market

Recent research shows as much as 27% of bonds offer negative yields. The market is now 100x larger than the size of the Bitcoin market. Bond Market 100X Larger than Bitcoin Market Cap Bonds have always been a low-risk, low-yield asset. Now, as stock markets still teeter near highs, bonds are back in fashion. But based on Deutsche Bank research, as much as 27% of debt instruments have negative yields. Gabor Gurbacs, digital asset strategist […]

Bitcoin Price Must Break This Level to Turn Bullish Again

After breaking above $9,000 and finding support, Bitcoin price is seeking direction again. But the leading asset must cross over the $9,500 resistance to initiate another bull rally, analysts state. Bitcoin Price Bounces Off $8,550, Faces Resistance Above $9,000 Bitcoin price managed to bounce off the recent lows in the $8,500 range. But standing above $9,100 support is not enough to set a bullish direction. A more rapid price move, as BTC gets closer to […]

Bitcoin Network Sees Third Stale Block in Two Weeks

In less than two weeks, the Bitcoin network produced three blocks that did not propagate. The mining anomaly did not create double-spends. Bitcoin Stale Blocks Accelerate on Peak Mining Activity Bitcoin (BTC) is designed with the possibility to discover two blocks at the same time, though this is a relatively rare event. But in the past couple of weeks, stale blocks have occurred in rapid succession. BitMex research counted three stale blocks in the past […]

Why Buying Bitcoin at This Price Level May Make Sense?

Bitcoin price is trading at the $8,600 level, and buying BTC at these prices may make all the more sense. But why?  Bitcoin Already Corrected 20% from the Peak Bitcoin is already down about 20% from its recent peak. In February, the leading coin touched levels above $10,400, before sliding back. After the crash, exacerbated by the overall market pessimism, BTC has now corrected significantly and may present buying opportunities. /1 At the risk of […]

Why is Huobi’s Bitcoin Stash by up 150 Percent Since Jan 19?

In the past year, Huobi has dramatically expanded its central cold wallet. Especially the Chinese crypto exchange’s Bitcoin holdings have seen a substantial appreciation.  Huobi’s Influence Grows as More Bitcoin, USDT Funds Flow into the Exchange The influence of Huobi cannot be underestimated, but also the fact that the exchange became the biggest Bitcoin (BTC) “whale”, surpassing even the Bitfinex cold wallet. The growth of Bitcoin deposits in Huobi took the attention of analysts. Markets […]

Why is Huobi’s Bitcoin Stash by up 150 Percent Since Jan 19?

In the past year, Huobi has dramatically expanded its central cold wallet. Especially the Chinese crypto exchange’s Bitcoin holdings have seen a substantial appreciation.  Huobi’s Influence Grows as More Bitcoin, USDT Funds Flow into the Exchange The influence of Huobi cannot be underestimated, but also the fact that the exchange became the biggest Bitcoin (BTC) “whale”, surpassing even the Bitfinex cold wallet. The growth of Bitcoin deposits in Huobi took the attention of analysts. Markets […]

Bitcoin Price Could Recover If Bulls Defend These Key Levels

Bitcoin (BTC) faced a serious downturn this week, shedding more positions from above $9,500. Now, the leading coin is fighting for key support levels, in case it breaks down closer to the low $8,000s. Bitcoin Address Data Suggest Strong Support Levels But before that, based on wallets acquired at various price levels, bitcoin must break several quite strong support levels. Analysis for wallets in the money and out of it shows BTC has a high […]

Bitmain Unveils its Most Powerful Bitcoin Mining Rig Yet

Bitmain may change the Bitcoin mining game again, with the upcoming shipments of Antminer S19, the newest model in the ASIC lineup. Antminer Yet to Announce Shipping, Prices for New Rig Model Antminer S19 can quickly make the previous models that powered the Bitcoin network obsolete. The latest models have unsurpassed energy efficiency, and a hashrate of up to 110 TH/s for the Pro edition. The new machine can start changing the game for BTC […]

FBI Report: Bitcoin Ransom Payments Total $144M

Ransomware attacks and similar extortion schemes took in an estimated $144 million in the course of 7 years. FBI estimates show most of the ransoms were paid in Bitcoin (BTC) and went straight to mixers or exchanges. Most Ransomware Required Payment in Bitcoin Attacks that lock files and require a ransom to decrypt them have lined up among the biggest cyber threats in the past few years. Ransomware has locked down airports and hospitals, entering […]

Ivan on Tech Suspended on YouTube Amid New Crypto Sanctions

The vlog of Ivan on Tech, one of the most influential crypto channels, faces another ban on YouTube. The suspension, which will also block one of the most influential daily live streams, will last until after the Bitcoin halving. YouTube Silences Influencers Until After Bitcoin Halving YouTube has once again silenced one of the most influential voices in the crypto space, preventing @IvanOnTech from live streaming and posting new content. Based on other vlogger comments,Read More

Bitcoin Gains Since 2010: Ever Wonder How Rich You’d Be By Now?

Flash crashes aside, bitcoin is still up an impressive 34% YTD. Of course, that’s nothing when comparing it to BTC’s all-time ROI. If you’d bought one bitcoin in March 2010 when its pricing history began you’d have made gains of a staggering 320,000,000% today. Of course, there are very few people who had even heard of bitcoin back then. Moreover, those in the circle weren’t buying bitcoins in ones at a price of $0.003. But,Read More

Tether Slashes 30% Off TRON-USDT, Moves Coins to Ethereum Network

A series of large-scale transactions confused the markets today, after a unusual movement of 300M USDT tokens took place.  Tether and Binance Cooperated on the Whale Transaction and Token Burn The Tether minting wallet that generated a transaction of 300 million USDT was immediately caught by whale watchers today. The transaction arrived at a time when Bitcoin (BTC) was once again sliding below $9,600, and the initial minting was viewed as a possible attempt toRead More

1.17M Bitcoin Addresses Will Be in the Red if BTC Breaks This Level

Recent data by IntoTheBlock shows a crash to $9,000 could potentially send 1.17 million Bitcoin (BTC) addresses below the profit line.   Still A Lot of Bitcoin Traders Trapped Above $10K Based on data collected by blockchain analysts, the latest bitcoin flash crash toward $9,600 support levels has meant that even more wallet addresses containing BTC are now ‘out of the money’. So far, over 71% of all BTC addresses are still in the money, andRead More