TA: Bitcoin Turns Green, Why Close Above $40K Is Crucial

Bitcoin price is trading in a positive zone above the $39,000 level against the US Dollar. BTC must settle above $40,000 for a sustained upward move in the near term. Bitcoin is trading positively above the $38,500 and $38,800 support levels. The price is still trading well above $39,000 and the 100 hourly simple moving… Continue reading TA: Bitcoin Turns Green, Why Close Above $40K Is Crucial

Hands-On With TradingView ‘All Time Highs’ Bitcoin & Stock Tarot Cards

Bitcoin and the stock market over the last year has transcended pop culture, and been fully embraced by the world of memes and the mainstream. What started as an April fool’s day joke earlier in the year, has since turned into a dream come true for this very trader who adores the occult and unorthodox.… Continue reading Hands-On With TradingView ‘All Time Highs’ Bitcoin & Stock Tarot Cards

Bitcoin Short Squeeze Revives Trading Volume And Volatility

After what seems like a thousand years of stability and a slight downtrend, bitcoin is back. Volatility is wreaking havoc. Trading volume seems to be picking up steam. And, more importantly, the community’s morale is climbing up. In any case, what do the data and the on-chain analysis say? Are the numbers high enough to… Continue reading Bitcoin Short Squeeze Revives Trading Volume And Volatility

How The 55% Bitcoin Correction Revives Comparisons To Past Bull Cycle

Bitcoin price is still trading at more than $25,000 less than the local highs set earlier in the year, and bulls have a lot of ground to reclaim. However, the lost ground might not be so bad after all, as it has brought the current market cycle a lot closer to past bull cycle comparisons,… Continue reading How The 55% Bitcoin Correction Revives Comparisons To Past Bull Cycle

Three US States Going After BlockFi In Regulatory Crackdown

New Jersey, Texas, and Alabama have individual state regulators issuing concerns that New Jersey-based DeFi firm, BlockFi, is offering unregistered securities. Regulators seem to particularly point to BlockFi’s Interest Account (BIA), which offers rates that consumers are now becoming accustomed to in DeFi – but that have blown traditional banking rates out of the water.… Continue reading Three US States Going After BlockFi In Regulatory Crackdown

Uniswap Labs Limits Access To Certain Tokens, What It Could Mean For The DeFi Sector

Software development studio Uniswap Labs (UL) announced the restriction of certain tokens via the app.uniswap.org domain. The company claims to be taking part in “creating a better” financial system and has taken the decision after reviewing the regulatory landscape and the actions of other “DeFi interfaces”. The token removed from the domain represented a “very… Continue reading Uniswap Labs Limits Access To Certain Tokens, What It Could Mean For The DeFi Sector

Ethereum EIP-3675 For ETH 2.0 Upgrade Launches On GitHub

The Ethereum Improvement Proposal (EIP) 3675 has now launched on GitHub. EIP-3675 contains the ETH 2.0 proof of stake merge that is coming to the network. Although this does not mean that the move to proof of stake is happening anytime soon, it is bringing the Ethereum network one step closer to the move from… Continue reading Ethereum EIP-3675 For ETH 2.0 Upgrade Launches On GitHub

Ethereum Price Could Go Up Over 860% To Break $10,000, Crypto Analyst

Ethereum value has taken some hits in the past few months as the <a class="wpg-linkify wpg-tooltip" title=" Coin A coin is a unit of digital value. When describing cryptocurrencies, they are built using the bitcoin technology and have no other value unlike tokens which have the potential of software being built with them. » Read… Continue reading Ethereum Price Could Go Up Over 860% To Break $10,000, Crypto Analyst

Bitcoin On-chain Data Suggests Huge Outflow From Miners

Bitcoin on-chain data shows that miners have transferred a huge amount of coins to cryptocurrency exchanges. On-chain Data Suggests Miners Transferred 11,816 BTC To Exchanges As pointed out by a CryptoQuant post, 20 July saw a huge outflow from Bitcoin miners. The total outflow from that day is around 12k. Here is a chart that… Continue reading Bitcoin On-chain Data Suggests Huge Outflow From Miners

As Bitcoin Drops Below $30k, Stablecoins Surpass $100 Billion In Total Supply

Bitcoin has dropped below the $30k mark, while stablecoins go strong as they surpass over $100 billion in total supply. Total Stablecoin Supply Is Now More Than $100 Billion According to a report by Arcane Research, the total stablecoin supply has now surpassed the $100 billion mark, while Tether’s dominance is declining. Here is a… Continue reading As Bitcoin Drops Below $30k, Stablecoins Surpass $100 Billion In Total Supply