Bitcoin

Oct 25 (Reuters) – As a developed nation, you know your currency’s in a spot of bother when investors start to hedge with bitcoin. After Britain’s brief Prime Minister Liz Truss unleashed her mini-budget on Sept. 23, filling financial markets with dread, a section of investors stampeded away from the pound and towards the cryptocurrency . Trading volumes between bitcoin and the pound jumped 233% in September overall from the month before, according to data from research firm CryptoCompare,… Source link

A look at BTC options open interest by strike price also implies support at $18,000 given the accumulation of call options at the $18,000 strike price. A similar level of call options exists at the $18,500 strike price, while the number of put options begins to exceed calls at $18,750. Source link

Fat fingers? A Bitcoin (BTC) user spent over $200 to make a transaction, paying astronomically above the average fee.  In a transaction that entered Bitcoin block 760,077, a user paid 1,136,000 satoshis, (0.0136 BTC or $220.52) to move 3.8 BTC ($63,000). This extraordinarily high fee is a whopping 1,000 times the usual Bitcoin transaction fee, as at block height 760,077, the average transaction fee was roughly $0.20. Twitter user Bitcoin QnA first spotted the out-of-the-ordinary… Source link

First came the crash of Terra, a blockchain with its own dollar-linked stablecoin, UST. The UST token was supposed to retain a value of $1, but the price came unpegged – and soon traders also lost confidence in the blockchain’s native cryptocurrency, LUNA, whose price eventually would tumble 99%. Source link

First came the crash of Terra, a blockchain with its own dollar-linked stablecoin, UST. The UST token was supposed to retain a value of $1, but the price came unpegged – and soon traders also lost confidence in the blockchain’s native cryptocurrency, LUNA, whose price eventually would tumble 99%. Source link

Bitcoin has been through a lot of hardships since its inception and investors and traders are feeling the agony of the crypto market meltdown this year. BTC is now trading at $19,322 at the time of writing. Coingecko reports a 0.3% decrease in value for the token. This month, crypto expert @woonomic tweeted that Bitcoin (BTC) has not yet touched bottom and would not soon rally. However, Twitter’s anonymous crypto expert Capo has suggested that Bitcoin may have… Source link

Bitcoin (BTC) starts the last week of “Uptober” in a firmly average mood as the trading range to end all trading ranges continues to stick. After a welcome attempt to break out, BTC/USD remains bound to a narrow corridor now in place for weeks. Some of the lowest volatility in history means that Bitcoin has found a temporary function as a “stablecoin” — even some major fiat currencies are currently more volatile. The longer the status quo drags on, however, the more convinced… Source link

Alex Dovbnya Is Bitcoin finally on the verge of a much-awaited comeback? Scott Redler thinks another rally is about to ignite In a recent tweet, Scott Redler, a veteran professional trader, claims that another significant Bitcoin rally is about to ignite.  Redler believes that it is finally time for the largest cryptocurrency to surge higher.  At press time, the world’s largest cryptocurrency is trading at $19,330 after three consecutive days in the green.  The top cryptocurrency… Source link

Bitcoin price is grappling with the 20-day EMA at $19,440 after a twelve-hour candlestick close above it.  If BTC stays above $19,440, it will likely target the $22,048 level.  A daily candlestick close below the range low at $17,593 indicates the start of a bearish outlook. Bitcoin price produced a bullish candlestick over the weekend, allowing it to face off with a crucial hurdle. A breakout above this blockade could trigger a quick run-up to important levels,… Source link

Bitcoin (BTC) saw fresh gains on Oct. 23 as the weekend delivered a potential launchpad for the bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $10 million liquidations as Bitcoin steps higher Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it spiked above $19,500 as the weekly close approached. While modest, the $300 move punctuated otherwise flat trading behavior, Bitcoin notoriously rangebound on daily timeframes. Now, hopes were high that the market… Source link