In the emerging global crypto economy, crypto mining is probably going to remain and even become more profitable in the upcoming years. Miner profitability metrics are based on a handful of factors regulating difficulty and emission, which are hard-coded into the blockchain’s attributes, making it predictable to work with. While predictability does not always immediately […]
Total crypto market cap added $15.2 billion to its value since Monday morning and now stands at $353.3 billion. Top ten coins were mostly in green for the last 24 hours with bitcoin (BTC) and ChainLink (LINK) being the best performers with 3.2 and 3.1 percent of gains respectively. At the time of writing bitcoin […]
Before Bitcoin was a movement, it was a digital currency. While the store-of-value aspect of Bitcoin gets highlighted often, the permissionless payments side often doesn’t receive the attention it deserves. In 2012, Jon Holmquist embraced the Black Friday holiday in order to help Bitcoiners showcase the advantages of their favorite technology, launching BitcoinBlackFriday.com and hacking […]
This is a promoted article provided by MyCryptoMixer If you bought 1 bitcoin (BTC) on March 17, 2020, when the COVID-19 pandemic was roiling financial markets, you would have more than doubled your money by late July, when the value of bitcoin soared past $10,000. Some other cryptocurrency assets such as ether (ETH) and ripple […]
After a flash-crashy weekend, CoinDesk’s Markets Daily is back with your quick daily update.
Welcome to the second edition of Reddit Roundup by Nik and Flip of Bitcoin Magazine! This roundup contains 45 links to the best quality content that was uploaded to Bitcoin Reddit this month. Most links come from the popular r/bitcoin, but we also retrieved posts from other forums as well, such as r/BitcoinMining. In this […]
Digital assets issued on Ethereum appear to comprise the strongest asset class of 2020 with an average year-to-date gain of 130%. The average performance across Ethereum (ETH)-based assets has been a nearly 130% year-to-date (YTD) gain, according to data published by market data aggregator Messari. The data provides an overview of the 178 assets that […]
The two biggest cryptocurrencies are hitting 2020 highs, though for different reasons.
Ethereum holds above $320 initial support after adjusting from the new 2020 highs around $330. Ether bulls have the upper hand from both a technical and fundamental perspective. Ethereum has for the first time in 2020 traded above $300. For some time before this breakout, ETH/USD remained range-bound, unable to clear the resistance at $250. […]
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Bitcoin has settled $712 billion already in 2020, while stablecoins have already seen their biggest year ever. Cryptocurrency public blockchains will settle more in 2020 than ever before and have already topped $1.3 trillion, data shows. Compiled by analytics firm Messari on July 21, the figures reveal that Bitcoin (BTC) has settled $712 billion so […]
The seemingly unstoppable tech stocks are slowing. Traders fear a slump of FAANG stocks could spoil the 2020 U.S. stock market bull run. Traders Fear ‘Peaked’ U.S. Tech Stocks Could Freeze 2020 Bull Market by CCN.com
With BTC beating precious metals, Ethereum rising and a new report out on a lightning network vulnerability, CoinDesk’s Markets Daily is back for your Bitcoin news roundup!
After a strong rally from the March lows, Bitcoin has stopped trending higher. For the past two months, the cryptocurrency has been caught in a 15% range that it has barely deviated from. The consolidation has been met with assertions by analysts that BTC has lost its momentum. One trader asserted on June 30th that […]
Total crypto market cap added $4 billion to its value since Monday morning and now stands at $262.8 billion. Top ten coins are mostly in green for the last 24 hours with and Cardano (ADA) and Binance Coin (BNB) leading the group with 11.2 and 2.4 percent of gains respectively. At the time of writing […]
In May and June, Bitcoin sustained multiple consecutive rejections at $10,000. Every time the cryptocurrency surpassed that level, the rally was quickly stopped by sellers. The chart below from Blockroots founder Josh Rager depicts this trend well. Chart of BTC’s price action over recent months by Josh Rager (@Josh_rager on Twitter). Chart from Tradingview.com Bitcoin […]
There are many analysts saying that Bitcoin looks like it’s at a medium-term high. As reported by NewsBTC previously, a trader said that the cryptocurrency is trading in a textbook “distribution” pattern. Referencing the chart below, the trader said: “A couple more clues developing that lend themselves to HTF distribution. 1. Rising Demand on the […]
Mutual fund giant Vanguard has completed another blockchain pilot that aims to change the risk profile of foreign exchange (FX) transactions.
Ethereum has been moving in close tandem with Bitcoin throughout the past several days and weeks, struggling to garner any independent momentum as it ranges This sideways trading has done little to bolster the cryptocurrency’s bull case That being said, analysts have been pointing to its fundamental strength as a reason why it may soon […]
Ethereum has seen some lackluster price action in recent times, largely facing sideways trading similar to that incurred by Bitcoin and the entire crypto market It has posted some signs of weakness throughout the past several hours due to it dipping below its well-established trading range This has led it down to what analysts are […]
The cryptocurrency market’s hottest altcoin, Chainlink, has easily beaten all expectations and has risen to become one of the biggest success stories in the crypto space since the bubble popped. That success story is ready for its next chapter, as not only has the asset kept its bullish momentum alive, the crypto asset has also […]
For the umpteenth time this month, Bitcoin failed to hold above the $10,000 resistance on June 10th. Prominent investors in the cryptocurrency space, however, remain bullish on BTC due to a confluence of macroeconomic factors. They say that in 2020, there’s a high likelihood Bitcoin revisits its all-time high price of $20,000. A rally to […]
Bitcoin is looking to repeat a bearish pattern in June 2020, which has led its spot price to be lower by 60 percent. The cryptocurrency’s daily chart could form a “Death Cross” if it continues to struggle below $10,000. Meanwhile, bitcoin’s momentum indicator suggests a bearish divergence. In June 2020, bitcoin could form a so-called […]