BTC’s price needs to rally high as the price continues to stall in its price movement despite the market looking green across boards.   BTC’s price continues to trend, creating a more bullish bias as the price aim for $22,500, where the price could face resistance.  BTC’s price remains indecisive on the daily timeframes as the price trades below the 50 Exponential Moving Average (EMA). The price of Bitcoin has surpassed the expectations of many holding out for the price to continue in its downtrend as many traders looked trapped with no sign of Bitcoin (BTC) going lower as the price of Bitcoin eyes $22,500. The crypto market has seen some relief across all assets, with Bitcoin (BTC) leading the way, rallying and dragging the market… [Read More...]

On-chain data shows the Bitcoin whale exchange inflows have remained down after hitting a local peak a while back, a sign that could prove to be bullish for the price of the crypto. Bitcoin Whales Aren’t Sending Many Coins To Exchanges Right Now As pointed out by an analyst in a CryptoQuant post, the BTC inflows made a peak recently and have remained down since, a signal that the bottom may be in for the coin. The “all exchanges inflow” is an indicator that measures the total amount of Bitcoin being transferred to wallets of all centralized exchanges. When the value of this metric is elevated, it means a large number of deposits are being made on exchanges right now. Since investors usually send … [Read More...]

On-chain data shows the Bitcoin exchange netflow has observed a sharp positive spike recently, a sign that could be bearish for the crypto’s price. Bitcoin All Exchanges Netflow Spikes Up Following 9% Inflation Report As pointed out by an analyst in a CryptoQuant post, exchanges have recently seen a large amount of BTC deposits. The “all exchanges netflow” is an indicator that measures the net amount of Bitcoin entering or exiting wallets of all centralized exchanges as a whole. The metric’s value is calculated by simply taking the difference between the inflows and the outflows. When the value of the netflow is positive, it means a net number of coins are moving into these wallets right now. As investors usually deposit their coins … [Read More...]

On-chain data shows Bitcoin miners have deposited large amounts to derivatives exchanges recently, a sign that these network validators may be hedging against potential future falls. Bitcoin Miners Have Been Transferring To Derivatives Exchanges Recently As pointed out by an analyst in a CryptoQuant post, around 4.3k BTC has exited miner reserves during the last two weeks. The “miner reserve” is an indicator that measures the total amount of Bitcoin currently stored in the wallets of all miners. When the value of this metric increases, it means miners are transferring coins into their wallets at the moment. Such a trend, when prolonged, can be a sign of accumulation from miners, and hence can be bullish for the crypto’s price. Related Reading | Data Suggests … [Read More...]

On-chain data shows the percentage of the Bitcoin supply in loss has surged to almost 50% now as the crypto’s price tumbles below $20k. 49.94% Of The Total Bitcoin Supply Is Now Holding Some Loss As pointed out by an analyst in a CryptoQuant post, the drop below $20k has now put almost 50% of the supply underwater. The “percent supply in loss” is an indicator that measures what part of the total Bitcoin supply is currently in the red. The metric works by checking the transfer history of each coin on the chain to see what price it was last moved at. If the previous selling price of a coin was more than the current BTC price, then that particular coin … [Read More...]

The price of Cardano (ADA) surged and plunged on the same day, starting with the excitement around the launch of its first decentralized exchange, the DEX SundaeSwap, then following the downtrend of Bitcoin. SundaeSwap’s Wins And Failures ADA’s price had been up around 10% in the last week tied to the launch of Cardano’s beta version of its first decentralized app (DApp) SundaeSwap, a decentralized exchange (DEX) that allows token staking and aims to “decentralize not just the access to financial services, but also the core business model itself.” “We are launching with a Beta label because, while the DEX’s smart contracts have been fully audited and the DEX will meet all industry standards for security, the implementation of fully decentralized governance will not be immediately … [Read More...]

Crypto-related crimes have been on the rise in Spain in recent times. The most recent incident is the case of a stolen Bitcoin ATM in Barcelona. Related Reading | Data Shows Crypto Hacks And Fraud In 2021 Are On Track For A New Record Bitcoin ATMs are kiosks that allow a person to purchase Bitcoin and other cryptocurrencies by using cash or debit card. According to this website, Spain has the highest number of crypto ATMs in Europe. With 185 ATMs, it is also the fourth highest in the world. Bitcoin ATM Theft Local news reported on Friday that the Spanish police are investigating the theft of a Bitcoin ATM. The thieves stole the machine in a raid on a cryptocurrency exchange outlet in a wealthy Barcelona neighborhood. … [Read More...]

Powercrypto Holdings, a subsidiary of the blockchain software provider Powerbridge Technologies, is launching cryptocurrency mining, specifically Bitcoin (BTC)and Ethereum (ETH), in Hong Kong. These cryptocurrency operations will utilize environmental-friendly, green, and sustainable energy. This announcement was made in a press release on Friday, October 8, 2021 Powerbridge Technologies is a growth-driven technology company primarily engaged in SaaS solutions and Blockchain applications. Launching Crypto Mining In Hong Kong Powerbridge Technologies plans to deploy a total of 2,600 high-performance mining rigs in Hong Kong, including 600 BTC mining machines working at a hash rate of approximately 60 PH/s. It also includes 2,000 ETH mining machines, with a hash rate power of approximately 1,000 GH/s. According to the announcement, Powercrypto aims to increase the BTC and ETH hash rate levels across the … [Read More...]

Meet “The Bitcoin Family” that lives a decentralized nomad life solely on Bitcoin. 43-year-old Didi Taihuttu has a  wife and three kids. They are known as the family that liquidated all their assets in 2017 to buy Bitcoin back when it was trading at around $900. Taihuttu is a true example of a Bitcoin enthusiast. According to him on his website, after losing his mother, and later his father, he “started reflecting life more and more and discovered that the life I was living was not the life I wanted to live. I experienced that Life could go very fast and that I needed to change.” Related Reading | By The Numbers: What $10 In Bitcoin Each Day Would Net Investors The Dutchman sold … [Read More...]

Bitcoin has retaken the highs of its current range. The first cryptocurrency by market cap trades at $41,300, at the time of writing, with a 6% and 23.8% profit in the daily chart. BTC moving sideways after retaking $40,000 in the daily chart. Source: BTCUSD Tradingview The general sentiment in the market has flipped bullish, the fear and greed index signals greed for the first time in months. Other indicators, as many experts have pointed out, suggest a definite shift in the market. The bulls could see more green days in the coming weeks. Data from Glassnode, provided by the CIO of Moskovski Capital Lex Moskovski, recorded an increase in the amount of Bitcoin held by “strongest holders”. According to the Illiquid Supply metric, these holders have … [Read More...]

console.debug(‘TRINITY_WP’, ‘Skip player from rendering’, ‘is single: , is main loop: 1, is main query: 1’);console.debug(‘TRINITY_WP’, ‘trinity_content_filter’);Bitcoin Press Release: Sportsbet.io is giving away over one million euros in prizes across multiple Euro 2020 promotions from June 11th, until the end of the competition.  10th June 2021, Tallinn, Estonia – Sportsbet.io is celebrating Europe’s festival of football this summer with an unprecedented selection of promotions, bonuses, and community events for Euro 2020, with over one million euros worth of prizes up for grabs. The delayed European Championships, which are being hosted in 11 different countries across the continent, offer an opportunity for football fans everywhere to follow their team’s road to glory – and there’s no better way to do so than as a member of the Sportsbet…. [Read More...]

console.debug(‘TRINITY_WP’, ‘Skip player from rendering’, ‘is single: , is main loop: 1, is main query: 1’);console.debug(‘TRINITY_WP’, ‘trinity_content_filter’);Press Release: Crypto casino Rollbit has launched a cryptocurrency trading feature in a bid to position itself as a leader in the cryptocurrency gambling space. 31st May 2021, Willemstad, Curacao, – Rollbit launched cryptocurrency trading on May 10th, 2021, offering the chance to bet on the price of Bitcoin (BTC) and Ethereum (ETH). Dogecoin (DOGE) and Litecoin (LTC) were also added to the trading platform more recently. Rollbit is establishing itself as a leading online casino in the cryptocurrency space, and is now embarking on a journey to make cryptocurrency trading simpler, more exciting and more accessible to the masses.  Rollbit Leads the Pack The new cryptocurrency trading feature offers many … [Read More...]