Bitcoin Cryptocurrency Bitcoin Ethereum Litecoin Monero

New data shows Bitcoin’s (BTC) current price action is showing higher levels of ‘HODLing’ activity than previous bull cycles. According to on-chain analyst Willy Woo, an indicator called “reflexivity” has been increasing in recent months. Woo explained that the indicator measures Bitcoin investors’ tendency to hold onto their BTC as its price rises. It’s essentially an alternative way to gauge the HODLing activity of retail investors. Bitcoin market cap gain per dollar invested or… Source link

On early Sunday morning around 1:38:02 a.m. (New York time), approximately 20 blocks with coinbase rewards from 2010 were spent in one block. 1,000 BTC was then consolidated into a single address before moving again. The massive movement of the decade-old ‘sleeping’ bitcoins was caught by an onchain transaction parser and the coins were spent in block 652,204. ** Update, approximately 9.99999943 BTC or $114k worth of the 1,050 bitcoins from 2010 were sent to the Free Software Foundation…. Source link

Monero and Maker could be set for a minor pullback on the charts, before resuming their previous uptrend. Cosmos might break to the upside and post healthy gains, although a few more trading sessions would make Cosmos’ scenario clearer. Monero [XMR] source: XMR/USD on TradingView XMR was forming higher highs, while the momentum indicator (RSI) made lower highs. A rising wedge pattern (white) was also being formed, while the trading volume was also trending lower (orange). Taken individually, a… Source link

The U.S. dollar has been under pressure this year, taking a big hit as the coronavirus pandemic wreaked havoc on America’s economy. In the run up to next month’s U.S. presidential election, investors are scrambling to understand how a win for either incumbent Donald Trump or Democratic challenger Joe Biden will move the dollar and currency markets. However, former Facebook FB executive-turned venture capitalist, Chamath Palihapitiya, has warned neither Biden nor Trump will help… Source link

Ether (ETH) miner revenue skyrocketed during the month of September according to data from glassnode, an onchain analytics resource. While the price of Ether did not rise significantly during this time, miners on the Ethereum network saw their revenue increase due to high fees.  Miners took home 450,089 ETH in fees ($168.7 million) and this represents a 39% increase over last month in which miners made roughly $113 million in fees. During the same period, Bitcoin miner revenue from fees not… Source link

“We knew it was going to be good, but dadgum …,” exclaimed Stifel analyst Ben Nolan upon seeing the preliminary third-quarter 2020 results from Matson Inc. (NYSE: MATX). Matson’s disclosures offer the first signals of how solid Q3 2020 earnings will be for container lines across the board. Container-line profits exceeded expectations in Q2 2020, a period when volumes were weak. In the third quarter, volumes and rates surged — and not just in the trans-Pacific trade. “The… Source link

On Friday Bitcoin (BTC) price finally managed to break above the symmetrical triangle where the price had been compressing for the last 30 days. After holding the $11,000 level into the daily close, the price rallied to $11,448 on multiple high volume surges.  Cryptocurrency daily market performance snapshot. Source: Coin360 On Oct. 8 Cointelegraph contributor Micheal van de Poppe explained that in his view: “If the price of Bitcoin breaks through the $11,100-$11,300 resistance zone, further… Source link

Ethereum Ethereum rallied by 4.04% on Friday. Following on from a 2.79% gain on Thursday, Ethereum ended the day at $365.36. A bearish start to the day saw Ethereum fall to a mid-morning intraday low $347.15 before making a move. Steering clear of the first major support level at $339.25 Ethereum rallied to a late afternoon high $366.50. Ethereum broke through the first major resistance level at $358.3 and the second major resistance level at $365.34. A late pullback saw Ethereum briefly fall… Source link

The bitcoin and cryptocurrency community was yesterday set alight by news payments company Square SQ , led by Twitter TWTR chief executive and outspoken bitcoin advocate Jack Dorsey, had bought $50 million worth of bitcoin. The bitcoin price, which had been hovering at just over $10,000 per bitcoin since early September, has jumped more than 5% following the news, climbing over $11,000 and potentially resuming the bull run that drove it from lows of under $4,000 in March… Source link

Ethereum’s success drives imitation.  Just take a look at the latest report from the crypto-industry publication DappRadar: In the third quarter of 2020, Ethereum accounted for 96% of the total transaction volume over decentralized applications, including the blockchain-based trading and lending networks that have exploded in popularity in recent months.  Prices for ether (ETH), the Ethereum blockchain’s native token, have nearly tripled in 2020 to about $350. Such returns make… Source link