Bitcoin

Errant quotes made cryptocurrency investors ‘quadrillionaires’ on paper today. Here’s how the crypto community reacted.

Bitcoin has minted more than a few millionaires in recent years as its value has surged since its inception more than a decade ago, but an apparent display issue made investors substantially wealthier — at least on paper — for a time Tuesday. Crypto sites, including digital-asset exchange Coinbase Global COIN, +1.79% and CoinMarketCap.com, were acknowledging issues with displayed quotes of some of the most popular cryptocurrencies,… Source link

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The Future of Crypto: The Industry That Once Focused Solely on Bitcoin Is Rapidly Evolving – CoinDesk

More specifically, applications, like DeFi and non-fungible tokens (NFTs) will be launched on decentralized blockchains, using their native token (e.g., ETH, ALGO) to conduct transactions on their platforms, while users will interact seamlessly with these applications, like they currently do with their smartphone applications, using stablescoins, CBDCs or credit/debit cards – either crypto or fiat currency. These platforms will play an integral role in the Metaverse universe evolution. Source link

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First Mover Asia: Bitcoin, Ether Tumble Ahead of Federal Reserve Meeting – CoinDesk

“First Mover” hosts spoke with Jonathan Manzi, CEO of Beyond Protocol, a blockchain project that focuses on trust and security, after BadgerDAO recently revealed details of how it was hacked for $120 million. First Mover covered crypto market insights from Eaglebrook Advisors Director of Research Joe Orsini. Plus, what blockchain unicorns have emerged in North America this year? Blockchain Coinvestors Managing Partner Matthew Le Merle offered details from his list. Source link

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Look out below! Analysts eye $40K Bitcoin price after today’s dip to $45.7K

On Monday, Bitcoin’s short-term outlook worsened after the price fell to an intra-day low at $45,672, a far cry from the weekend’s promising rally above the $50,000 level.  With the year nearly complete, and all-time highs nearly 33% away, traders are most likely readjusting their expectations and pushing the $100,000 BTC target a bit further into 2022. Daily cryptocurrency market performance. Source: Coin360 Day traders, 4-hour chart watchers and over-leveraged longs are likely freaking… Source link

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Bitcoin loses $48K on Wall Street open as trader warns altcoins look ‘rekt’ against BTC

Bitcoin (BTC) declined as Wall Street trading opened on Dec. 13 as stocks came off Dec. 10’s record close. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD diving below $48,000 to reach multi-day lows at the time of writing. Equities had been tipped to add to all-time highs prior to the start of trading, this getting off to a cold start on the day, with gains slipping. Correspondingly, Bitcoin added to losses that… Source link

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‘Monster bull move’ means whales could secure the next Bitcoin price surge

Bitcoin (BTC) whales are the center of attention this week as buying and selling habits split the BTC price narrative. New findings from on-chain analytics firm CryptoQuant show derivatives investors leading the way when it comes to bullish bets on Bitcoin. “Sick” BTC price indicator favors bulls The second half of November produced a marked uptick in the buy/sell ratio on major derivatives trading platform Deribit, and for contributing analyst Cole Garner, this is a sure sign that price… Source link

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‘I think BTC is ready’ — 5 things to watch in Bitcoin this week

Bitcoin (BTC) starts a new week on familiar ground below $50,000, but anticipation is building for major disruption to begin. After a fresh push above $50,000 ended in rejection, BTC/USD is keeping traders guessing till the last when it comes to near-term price action — including the end-of-year close. With just two weeks to go, the kind of blow-off tops that characterized both 2013 and 2017 seems unlikely to repeat, but on-chain metrics are all but unanimously pointing to upside. With 90% of… Source link

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Cryptocurrency bubble risks exposed by Bitcoin’s recent slide

They seem to be almost everywhere. Cool looking hipsters livin’ the dream after amassing a fortune in the world of crypto. Social media sites are overflowing with them. Even old school glossy magazines, barely clinging to life, have dialled in with tales tall and not so true of the fabulous riches to be earned in the ether. There’s no doubt they exist. Those that either got in early or built financial structures that facilitate trades which, none like to admit, replicate old style banks and… Source link

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