EOS entered a corrective phase on Apr. 30 that has seen its price retrace over 27%. The smart contracts token went from trading at a high of $3.1 to hit a low of $2.3.Despite the significant bearish impulse, data shows that large investors are accumulating EOS on every dip. If history repeats itself, this could…
Altcoins — crypto assets that are not Bitcoin — have done extremely well over the past four weeks.Per data from TradingView.com, after reaching 68%, Bitcoin dominance — the percentage of the crypto market that consists of BTC — has fallen to 64%. It’s a 4% drop that amounts to billions in this multi-billion-dollar asset class.Chart…
Bitcoin hasn’t done well in the past two days; since hitting $9,200 on Saturday, the cryptocurrency has plunged as low as $7,600, more than 17% lower than the weekend high, in a move that has liquidated over $200 million worth of BitMEX long positions in the process.The move undoubtedly caught traders off guard, hence the…
May’s halving will reduce the amount of Bitcoin rewarded to miners, and in turn, increase the coin’s scarcity.Considering this scarcity – think supply and demand – as well as historical data of the previous two halvings, Bitcoin’s price may see a remarkable bump in the months following the event.Halving Historically Leads to Massive GainsThe so-called…
If you take a look at CoinMarketCap, it’s easy to get overwhelmed; the site claims there are over 5,000 crypto assets in existence, from those as relevant as Bitcoin and Ethereum to those as obscure as Embercoin and, uh, PepeCash.Each coin purports to have its own viable use case, meaning that theoretically, it has the…
If you’ve perused Crypto Twitter at all, you’ve likely heard the term “HODL” mentioned time and time again in relation to “Bitcoin.” A misspelling of the word “hold,” HODL is an industry joke used by cryptocurrency investors who believe that the price of BTC will appreciate with time, primarily due to adoption and the asset’s…
In 2009, Satoshi Nakamoto launched Bitcoin as a seeming response to the 2008 Great Recession, during which banks and other financial institutions created an environment conducive to economic collapse. The pseudonymous coder’s intentions in launching Bitcoin was implied by a message they embedded in the header of the blockchain’s genesis block, which referenced a headline…
In less than six months’ time, Bitcoin will see an extremely important event. Known as a “halving” or “halvening” — depending on who you ask — the number of BTC issued per block (every 10 minutes or so) will get cut in half from 12.5 to 6.25, effectively meaning that BTC’s inflation rate will be…
If you’ve perused Bitcoin and Silicon Valley Twitter at all over the past few years, you’ve likely heard the word “unicorn” thrown about. Heck, if you’ve read Bloomberg or watched any number of CNBC’s segments over the past decade, you’ve heard the word.Related Reading: Under 6.8m Bitcoin Changed Hands in the Past Year: Does it…
Crypto asset prices are not the only thing cooling off as the year draws to a close. Venture Capital investments also seem to be declining but these things happen in a bear market and at least twice before they’ve come running back as soon as the bulls take hold of things. Has VC Dried Up…