The co-founder and CEO of one of the best-known Bitcoin (BTC) companies has revealed he is at his most bullish on the largest cryptocurrency in five years. In a series of tweets on Oct. 6, Bill Barhydt, the CEO of payments gateway Abra, highlighted a large number of indicators suggesting incoming BTC price gains. “I’ve never been this excited about the potential of #Bitcoin for significant price appreciation in the short term (less than 18 month time frame.),” he summarized. Bitcoin has… Source link

The bitcoin and cryptocurrency world was rocked last week by news U.S. authorities had levied charges against major bitcoin and crypto exchange BitMEX and its leadership team. BitMEX executives Arthur Hayes, Benjamin Delo and Samuel Reed were indicted by the U.S. government on October 1, accused of flouting U.S. banking laws while serving American customers. Now, in a further blow to the controversial Seychelles-based bitcoin and cryptocurrency exchange, the influential blockchain data… Source link

Ethereum Ethereum slid by 3.69% on Tuesday. Reversing a 0.37% gain from Monday, Ethereum ended the day at $340.78. A bullish start to the day saw Ethereum rise to an early morning intraday high $355.33 before hitting reverse. Falling short of the first major resistance level at $357.00, Ethereum slid to a late intraday low $336.73. Ethereum fell through the day’s major support levels before a move back through to $340 levels. The partial recovery saw Ethereum break back through the third major… Source link

Monero Price Analysis: Cryptojackers Play A Dirty Trick On XMR As Bulls Hit The Brick Wall The researchers from Unit 42, the global threat intelligence team at Palo Alto Networks, discovered a new version of cryptojacking malware for named Black-T. The virus is created by a group known as TeamTnT specializing in stealing Amazon credentials and mining Monero (XMR) on the infected device. EOS Price Analysis: EOS Explodes 19%, Goldman Sachs Veteran To Lead The Advisory Board EOS is… Source link

While Ether (ETH) price has been stuck between the $340-$350 range for the last month, multiple on-chain metrics suggest that a recovery may be building. Santiment, a cryptocurrency data analytics firm, recently noted that the number of deposits to exchanges has been decreasing since the start of September. According to the firm, the number of addresses used to send Ether to exchanges has seen a 53% decline since Sept. 1. Ether daily deposits in the last 6 months. Source: Santiment Although… Source link

The markets have been relatively dull for the past 2 months as the price of Bitcoin (BTC) has been sustaining between the $10,200-$11,000 range. In recent days, the range has been narrowed even further, leading some traders to forecast a breakout.  However, Bitcoin’s price hasn’t been showing any direction, while altcoins have taken a downward slope. The majority of the markets have been in massive corrections and this isn’t a strong signal for the total market.  Bitcoin price is stuck… Source link

According to Cole Garner, a well-respected on-chain analyst, there is a 2,800 BTC sell wall on Binance. With Bitcoin (BTC) price currently trading at $10,700, this is equivalent to a batch of sell orders worth $30 million on just one exchange. While it does not necessarily indicate that a market-wide pullback is imminent, it hints that a major rally remains unlikely. In the short term, BTC likely faces a low-volatility range between $10,500 and $11,000, two key support and resistance levels.

Bloomberg analyst Mike McGlone has predicted that the price of bitcoin will hit $100,000 by 2025. McGlone premised his argument on past bitcoin trends, including the period in which the price took four years to go from $1,000 to $10,000 in 2017. “So, doubling that time frame for maturation could get the price toward $100,000 in about five more years,” he said, in Bloomberg’s Crypto Outlook report for October. “Most demand and adoption measures indicate bitcoin is more likely to stay… Source link

China may be behind a large spike in new Bitcoin (BTC) addresses as authorities launch a “targeted marketing campaign” — in favor of crypto. In a series of tweets on Oct. 5, analyst and market cyclist Cole Garner highlighted a two-year record increase in new BTC addresses last week. Using data from on-chain monitoring resource Glassnode, Garner noted that around 22,000 new Bitcoin “entities” appeared on one day alone. The normal level is between 5,000 and 10,000 per day. “New… Source link

The average cost of sending a transaction over the Ethereum blockchain has fallen by 82% from a September 2 peak of $11.61, down to $2.09 as of October 4. The decline may be the result of a slow down in the hype around decentralized finance (defi) protocols. According to data from Glassnode, ethereum (ETH) miners have also seen a corresponding sharp drop in total earnings from fees over the past three weeks. On Sept. 17, miners raked in 42,763 ETH, or $14.97 million, in fees, but that tanked… Source link