Bitcoin

Closely followed crypto analyst Benjamin Cowen says a historically reliable on-chain indicator is suggesting that the bottom is here or very close for Bitcoin (BTC). In a new interview with Kitco News, Cowen pulls out Bitcoin’s supply in profit and loss chart, which shows what percentage of BTC coins are giving their holders a profit or a loss. The popular analyst says that the supply in profit and loss metric for BTC has historically coincided with long-term tops and… Source link

This is an opinion editorial by Jenna Bunnell, senior manager for content marketing at Dialpad. No matter what your opinions are on bitcoin, it is obvious that it is here to stay and will continue to grow in use. As a virtual peer-to-peer currency bitcoin has become widely accepted in many countries. You can sell your bitcoin for cash, or trade them with peers across different networks and use it to invest in anything from art to property. However, as it is a virtual currency, the question… Source link

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject Are you a Bitcoin holder or a trader? Yes? Well, if you are, tell me – How happy are you? Well, chances are you’re more relieved than happy. Why? Well, because at press time, BTC was doing much better than it was a week ago. Even so, the crypto today is far from its ATH of $69,000 on the charts. While there… Source link

Bitcoin (BTC) sought to overturn August resistance on Sep. 10 as whale buy-levels dictated BTC price action. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Whales provide short-term price ceiling Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting new multi-week highs of $21,671 on Bitstamp. The pair capitalized on a short squeeze which began early on Sep. 9, taking it around 10% higher after plumbing the lowest levels since the end of June. Analyzing the… Source link

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Almost ten days into September, market volume in bitcoin has started rising, as traders return to action following the summer break. As volume returns, so does volatility, with this week showing both high levels of bullish and bearish sentiment in the token. Looking forward to the remainder of the month, the main question is undoubtedly whether either of these can prevail, or will price consolidation continue for another month. Current Market Status Last Friday saw the release of… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

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