Although Bitcoin has been struggling to garner any significant buying pressure at its current price levels, the overall crypto markets have been able to post some relatively large gains, and multiple cryptos have surged today. Although the recent bullish price action in the crypto markets is minuscule compared to what was seen throughout the second…
Since Bitcoin (BTC) began to falter in early-2018, optimistic investors, many of which are “HODLing,” have resorted to grasping for straws. Case in point, the words, “Wall Street” and “institutional investors,” are incessantly mentioned, as crypto diehards have sought to find a light at the end of the proverbial tunnel. But are institutional stakeholders really…
Although Bitcoin has been unable to find any noteworthy buying pressure in the low-$4,000 region ever since it advanced to this price level, when looking at a larger time frame it becomes apparent that BTC is not currently bearish, despite its persisting bout of sideways trading. One analyst is quick to point out that Bitcoin…
Bitcoin Price stable but under pressure Bitwise research concludes that 95 percent of exchanges’ volumes fake Transaction volumes shrink after Mar 21 It’s a sequel of damaging news. Days after SEC revealed the public’s apprehension of Bitcoin ETF approval; Bitwise report confirms what Jay Clayton isn’t comfortable with: Exchanges’ manipulation. Even so, Bitcoin volumes are…
Another week, another Crypto Tidbits. The past seven days were, by many measures, an interesting period for the cryptocurrency space. Mainstream adoption moved ever closer, more money poured into this space, and infrastructure was built out. But, one report claimed that 95% of all Bitcoin trading activity could be entirely false, setting a harrowing precedent…
The crypto markets are experiencing a relatively quiet Friday as Bitcoin continues to trade sideways in a tight trading range between $4,000 and $4,100. This stability should not fool traders, however, as analysts expect BTC to drop in the near future as its upwards momentum begins to fade. If Bitcoin is unable to garner more…
The Centre for Information and Industry Development in China (CCID) has updated its monthly crypto project rankings. Following the update the top three spots on the list of most promising public blockchain-based assets are compromised of the Ethereum network (ETH), Tron (TRX), and EOS, whilst Bitcoin (BTC) fell on the list. CCID looked at a…
There is a common motif within the crypto markets that the advent of “do-no-harm” regulation would allow for an influx of institutional, corporate, and public funds that will help propel Bitcoin and other cryptocurrencies higher. Despite this, a recent report conducted by Bitwise Asset Management explains that the nascent markets are actually significantly more regulated…
The next upside push in the bitcoin market could prompt the cryptocurrency a form new bottom below $3,100. Josh Rager, a hugely followed cryptocurrency market analyst, pitted the current bitcoin price action against another one from the year 2015. He found striking similarities between them, mainly related to a higher high and a higher low…
A report by the Blockchain Transparency Institute (BTI) claims that many exchanges are using bots to fake trading volume. Their research shows that wash trading affects over 80% of the top 25 bitcoin pairings. Furthermore, allegations of this being a deliberate business practice present significant concerns for the industry. Which is already struggling to gain…