Prominent crypto analytics firm Santiment is revealing some potential signs that Bitcoin may be ready for a bounce up in price after weeks of sideways trading. Santiment shares two metrics on Twitter with its 77,600 followers that suggest Bitcoin sellers are starting to lose steam. ADVERTISEMENT “The amount of daily inflow of Bitcoin to …
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Trading volumes plunged more than 40% in June across multiple cryptocurrency exchanges as tokens move sideways through a two-month correction. Following a storm of bad news for the cryptocurrency space, June trading volume dropped more than 40% on major exchanges such as Coinbase, Kraken, Bitstamp and Binance, according to data from the London-based researcher CryptoCompare. …
Within the past few hours, a fresh wave of selling pushed Bitcoin (BTC) price close to the $32,000 support level as the low trading volume and general disinterest from traders saw the price revisit the lower section of its current range. BTC/USDT 4-hour chart. Source: TradingView The price of Ether (ETH) also fell under pressure …
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Investment product issuer 21Shares has joined forces with comdirect, a leading online brokerage in Germany, to bring its cryptocurrency exchange-traded products, or ETPs, to savings accounts. The partnership means that comdirect’s nearly 3 million customers will be able to integrate physically-backed crypto ETPs into their Spar savings accounts. 21Shares claims this is the first such …
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Data on crypto exchange trading volumes show a fall of more than 40% in June. Some attribute this to the regulatory crackdown by Chinese authorities. As a hangover from this, the past few weeks have seen markets ranging. But a dip yesterday has set off more bearish sentiment, as the Fear and Greed Index slid …
Continue reading “Dogecoin, Shiba Inu coin lead losses as crypto volume dumped 43% in June”
So you want to build an industrial-scale Bitcoin mining farm, or scale up a smaller operation. Chances are you’re being forced to make the decision, too: Either scale up and become more competitive with other mining operations or have someone else mine for you by outsourcing or pooling — or stop mining altogether. Over the …
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American inflation expectations have surged according to the results of the latest New York Federal Reserve Survey of Consumer Expectations. The presumed inflation rate tapped the highest point since 2013 and alongside the forecast of lower purchasing power, consumer debt and fears of a housing bubble in the U.S. are on the rise. New York …
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On July 12, an old whale from 2012 spent 740 bitcoin worth roughly $26 million at the time of transfer after nine years of choosing not to move the coins. The whale acquired the bitcoin on May 31, 2012, when the stash of crypto was only worth $3,700. Old School Whale Moves 740 ‘Sleeping Bitcoins’ …
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Grayscale Investments has engaged the oldest bank in the U.S., BNY Mellon, to provide asset servicing for its bitcoin trust. The bank will also provide ETF services for the bitcoin trust upon its conversion to an exchange-traded fund (ETF). Grayscale Teams up With BNY Mellon Grayscale Investments announced Tuesday that it has selected the Bank …
S&P Dow Jones Indices, the world’s leading index provider, announced Tuesday the launch of five new cryptocurrency indices. The company now has eight cryptocurrency indices in total. The first newly added index is the “S&P Cryptocurrency Broad Digital Market (BDM) Index,” which “provides a wide performance snapshot of the cryptocurrency market and includes more than …
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Bitcoin Price Prediction – July 13The BTC/USD market keeps values in the range-bound zones at $35,000 and $32,500. As of writing, the crypto trades at the level of $32,936 at a positive percentage rate of around 0.05. BTC/USD Market Key Levels:Resistance levels: $35,000, $37,500, $40,000Support levels: $30,000, $27,500, $25,000 BTC/USD – Daily ChartOn the BTC/USD …
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EOS started making significant gains in the past few weeks after mimicking the trend of bitcoin and the broader market, but this uptrend seems to be ending. The coin is back to trading at a bearish market after bitcoin retreated to $33K. The token is trading at $3.99 on major exchanges at the time of …
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TRON (TRX) has made significant gains this year, and in just one year, the token has gained around 200%. Just like the majority of the crypto market, TRX also dipped during the May market crash, but it has made some gains in June and July that have enabled it to recover. TRX is trading at …
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You might be wondering what the best cryptocurrency to buy in July is? Could it be one of the top digital assets like Bitcoin or Ethereum? However, newer crypto assets are also catching the eye of investors. Aside from the two large-cap cryptocurrencies, small-cap virtual currencies are also posting remarkable returns. This article will consider some of …
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Banking giant JPMorgan has some reservations regarding El Salvador’s recent decision to make Bitcoin legal tender. In a report revealed by Bloomberg, analysts from the bank say they believe that BTC being used as legal tender will put strains both on Bitcoin and El Salvador itself. ADVERTISEMENT According to JPMorgan’s analysis, there is too …
