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The correlation between Bitcoin (BTC) and stock markets has been unusually high since mid-March, meaning the two asset classes have presented near-identical directional movement. This data might explain why the 10% rally above $21,000 is being dismissed by most traders, especially considering S&P 500 futures gained 4% in two days. However, Bitcoin trading activity and the derivatives market strongly support the recent gains. Curiously, the current Bitcoin rally happened a day after the White… Source link

A version of this article was originally published here. In any new and developing space, there is bound to be a lot of noise. New solutions both compete for a new market against existing monopolies — which currently own the market, and against other technologies trying to displace them. Hard To Understand This is especially true in those breakthrough innovations/discoveries that change our world and force us to use a new lens to understand it. Prior biases make us less likely to investigate… Source link

Bitcoin (BTC) dwindled below the $20,000 mark Wednesday but despite the losses; quite a significant number of shareholders have significant gains to boot. Around 47% of BTC holders earned profits, while 52% incurred losses Bitcoin traded below the $20,000 Wednesday As they say, there is no way you can lose with the king of crypto.  As of September 7, roughly 47% of BTC holders have registered gains at the current price while 52% claimed profit loss. BTC… Source link

Cryptocurrencies might still be a very long way from their highs of 2021, but some of the major ones have staged some decent recoveries in the past couple of months. Notably ether (ETH), the second largest cryptocurrency after bitcoin, is trading at almost US$1,700 (£1,463) at the time of writing, having dropped as low as US$876 in mid-June. Ether, which was created by Canadian/Russian programmer Vitalik Buterin, is the cryptocurrency used for transactions on Ethereum, the leading… Source link

The listing of ETHPOW (ETHW) across multiple crypto exchanges has been followed by a huge drop in price despite some initial success.  ETHPOW drops 80%  On the daily chart, ETHW’s price dropped by more than 80% to $25 on Sept. 10, over a month after its market debut. ETHW/USD daily price chart. Source: TradingView For starters, ETHPOW only exists as a futures ticker, for now, conceived in anticipation that an upcoming network update on Ethereum could result in a chain split. Ethereum will… Source link

Text size Bitcoin relies on an energy-intensive mechanism known as “proof-of-work.” Dreamstime The White… Source link

Text size Bitcoin relies on an energy-intensive mechanism known as “proof-of-work.” Dreamstime The White… Source link

Among the sufferers of the bloodbath in the current crypto bear market are the Litecoin (LTC) community. It’s not just Litecoin (LTC) holders though, as most top buyers are down over 80% this year. With massive inflation, investors have been risk-off and saving themselves for bigger opportunities.  The Hideaways (HDWY) looks to have saved investors in 2022 and is now one of the most anticipated cryptocurrencies to launch in 2022. Whilst Litecoin (LTC) holders are selling to cut losses,… Source link

Bitcoin rose by over $2,000 in the last 24 hours, as markets responded to bullish comments from United States Federal Reserve Chair Jerome Powell. Speaking yesterday, Powell stated, “We need to act now, forthrightly, strongly as we have been doing.” Ethereum also surged, moving above $1,700 on Friday. Bitcoin Bitcoin (BTC) rose rapidly during today’s session, as markets responded to bullish comments from Jerome Powell. Speaking on Thursday, the Fed Chair hinted at further rate… Source link