Bitcoin (BTC) bears are “exhausted” and are even selling at a loss this week, fresh data confirms. In a tweet on Tuesday, Philip Swift, an analyst at trading suite platform Decentrader, espied an ongoing bullish trend in spent output profit ratio (SOPR). Bitcoin bears run out of FUD SOPR, a classic metric for determining oversold periods on Bitcoin markets among other things, flipped to “buy” for the first time since July last week. Last time, BTC/USD then launched to local highs of… Source link

Block data from Blockchain.com reveals that a colossal Bitcoin (BTC) transaction worth $2 billion was processed on Monday night. Despite the enormous financial value, the unknown wallet holder only paid 0.00001713 BTC fees equivalent to $0.78.  Although it is unknown what the purpose of this transfer was, or indeed which individual or entity enacted it, what has clearly been showcased is the enormous potential of financial transactions utilizing cryptocurrency and blockchain technologies…. Source link

Check out what’s clicking on FoxBusiness.com. Bitcoin was trading 3.33% higher on Tuesday morning nearing $46,000 per coin. The price was around $45,903 per coin, while rivals Ethereum and Dogecoin were trading around $3,344 (+3.69%) and 23.7 cents (+1.45%) per coin, respectively, according to Coindesk. It was just one week ago, Bitcoin was trading above $52,000 per coin. BITCOIN IN EL SALVADOR SPARKS CRYPTO CURRENCY DEBATE In other cryptocurrency news, approximately $2.6 billion worth… Source link

Monero (XMR) Is Showing Strong Signs for Ascension The crypto space is still showing bullish signs. A crypto analyst tweets that Monero is one such crypto. He tweets a chart that shows a possible surge for the asset. The crypto space is still on a decent high, as the prices of many cryptos continue to show bullish signs, one asset is currently standing out — Monero (XMR). This coin is known for providing complete anonymity. Amid these current bullish times, traders are always looking… Source link

Bitcoin (BTC) preserved a higher low overnight on Tuesday in what one analyst believes may lead to sustained recovery. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: Time for “inevitable” Bitcoin supply shock Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rising to rechallenge $46,000 Tuesday. The pair had been drifting south before a sudden bout of volatility produced lows of $43,380 on Bitstamp. At the time of writing, these remained untested, with… Source link

Ethereum Ethereum fell by 3.46% on Monday. Partially reversing a 4.19% gain from Sunday, Ethereum ended the day at $3,286.20. A mixed start to the day saw Ethereum rise to an early morning intraday high $3,430.00 before hitting reverse. Falling short of the first major resistance level at $3,507, Ethereum slid to an early afternoon intraday low $3,111.14. Ethereum fell through the first major support level at $3,266 and the second major support level at $3,128. Ethereum also fell through the… Source link

Bitcoin price is consolidating near the USD 45,000 region. Ethereum is facing a major hurdle near USD 3,400, XRP is stuck below USD 1.12. SOL is rising and it could gain pace if it clears USD 175. Bitcoin price extended its decline below the USD 44,000 level. BTC even tested USD 43,500 before it corrected higher. The price is currently (04:26 UTC) consolidating near USD 45,000 and it seems like it could recover higher towards USD… Source link

At the end of August, Ethereum network gas costs skyrocketed and tapped a high of $59 per transaction on September 7, according to the average transaction fee spent on that day. The median fee for an ether transaction on September 7 was around $20 per transaction. Days later, ether transaction fees have subsided to a degree as the median and average ether fees have been slashed in half since then. Ethereum Fees Subside, Transfer Costs Less Expensive One of the biggest complaints… Source link

Nasdaq-listed Microstrategy has purchased 5,050 more bitcoins for $243 million, raising its total bitcoin holdings to 114,042 coins. Microstrategy Continues to Grow Its Bitcoin Stash The pro-bitcoin software company Microstrategy announced Monday that it has purchased more bitcoins. CEO Michael Saylor tweeted: Microstrategy has purchased an additional 5,050 bitcoins for ~$242.9 million in cash at an average price of ~$48,099 per bitcoin. As of 9/12/21 we hodl ~114,042 bitcoins… Source link

Though Bitcoin was first created in 2008, most of us had never heard of it until 2017 when it had its first meteoric rise to nearly $20k per coin. More people were then made aware of this revolutionary technology when Bitcoin made its historic bull run from $10k to over $60k in the span of six months from 2020 to 2021. With the advent of Bitcoin, its creator Satoshi Nakamoto also gave us the gift of blockchain. This distributed ledger technology essentially lets millions of people contribute… Source link