After holding in the high-$9,000s for days on end, Bitcoin recently exhibited some weakness uncharacteristic to the recent uptrend. The cryptocurrency fell from the $9,800 support level to $9,100 in a move that liquidated $40 million, with BTC plunging on fears of Satoshi Nakamoto liquidating his coins.Bitcoin price chart from TradingView.com. Chart shows the cryptocurrency’s Wednesday…
So-called “Crypto Twitter” was set ablaze today by an unusual 50 Bitcoin transaction made by a Satoshi-era wallet from 2009 that has been dormant for over a decade.News of this initially led many to speculate that this could be the cryptocurrency’s elusive founder – Satoshi Nakamoto –moving his holdings, but later data suggests that this…
This morning, a 50 BTC transaction with a UTXO from February 2009 was made, sending the Bitcoin community into a storm of speculation. Was it Satoshi who was moving the coins, or someone close to the original, mysterious creator of the first-ever cryptocurrency?The discussion has brought back discussion as to who Satoshi actually could be.…
The crypto market was surprised to find that an 11-year-old Bitcoin wallet from early 2009 – just after the cryptocurrency’s launch – is now moving BTC.This has sparked a plethora of theories to emerge regarding whether or not it is Satoshi himself – or one of his associates – that is moving the cryptocurrency.News of…
50 Bitcoins that have been mined in the network’s first month have just been moved from an address Craig Wright claimed he owned. The address was part of a list of 16,000 addresses delivered by the bonded courier in January this year, to which Craig claims he had lost the keys to. This poses a…
Crypto analysts use different tactics to try and predict future price movements in Bitcoin and altcoins. Due to the speculative nature of the emerging asset class, the study of emotion-driven impulses and corrections – called Elliott Wave Theory – can be particularly insightful.According to one crypto analyst that focuses solely on the practice of Elliott…
It’s been a brutal past 120 minutes for the Bitcoin market.After holding the $9,800 support for 48 hours, the cryptocurrency began to dive lower approximately two hours ago. From its $9,800 perch, the flagship crypto-asset fell as low as $9,100 on leading Bitcoin exchange Bitstamp — a drop of over 7%. The price has since…
Bitcoin is trading above the $9,600 and $9,500 levels against the US Dollar. BTC price is showing positive signs and it seems a few steps away from smashing the $10,000 resistance.Bitcoin is trading nicely above the $9,600 and $9,560 support levels.The price is likely to make another attempt to clear the $9,950 and $10,000 resistance…
Bitcoin has seen some notable upwards momentum throughout the past several weeks, but it has failed to successfully surmount the $10,000 region.This price region has been a historically strong level of resistance for the benchmark cryptocurrency, as it has failed to hold above it for any extended period of time subsequent to its late-2017 crash…
The global events seen throughout 2020 have largely altered Bitcoin’s underlying market dynamic, causing the cryptocurrency to see a massive rise in institutional involvement.Many of these institutional investors have been moving to gain exposure to BTC via its CME futures, which has seen a massive rise in open interest throughout the past several days and…