The Axie Infinity team is making moves. On the one hand, they raised $860K “through a strategic sale of our governance token, AXS.” On the other, they announced an in-game decentralized exchange and their AXS increased in prize by 55% in the last 24 hours. Great numbers all around that would satisfy and attract any…
Quant explains how there may be a correlation between the Gemini Bitcoin netflow and BTC price tops, based on pattern of the last few years. Can Gemini Netflow Predict Bitcoin’s Price Tops? As posted by an analyst on CryptoQuant, the historical chart for the Gemini netflow (30-day MA) vs the price reveals there could be…
The U.S. dollar drop and the Bitcoin surge happened at the same time. Why? Before we reveal the answer, let’s explore the multiple factors in the background starting with the continued downward adjustment of interest rates on U.S. Treasury bonds and quantitative easing policies. These policies have caused a lot of U.S. dollars to be…
After closely hugging $8,000 for three or four hours, Bitcoin finally lost the support of $8,000 just minutes ago, plunging as low as $7,900 as of the time of this article’s writing and per data from TradingView.Per data from Skew.com, this latest leg lower, which is the fifth of its kind in the past day,…
After a five percent increase overnight, the bitcoin price is vulnerable to a major correction. A prominent trader Peter Brandt warned that a fall below a key level may trigger a serious correction.Brandt named the 18 displaced moving average (DMA) as the important level bitcoin has to defend to prevent a large pullback. Currently, as…
The total crypto market cap is currently correcting higher, but facing hurdles near $215.0B. Bitcoin price jumped more than 5% and it is trading above the $8,200 resistance area. EOS price is slowly moving higher towards the key $3.000 resistance level. BCH price is also up more than 5% and it is approaching the key…
A Germany state decided to hold rather than auction a stockpile of confiscated bitcoin, only to realize that their seized assets grew in value. Heise Online reported on Wednesday that the State of Lower Saxony is currently holding about €650,000 in bitcoin. At the time of their seizure, the value of the cryptocurrency stockpile was…
Ripple, the company behind the XRP crypto asset, has reportedly just moved around $15.3 million worth of the digital currency to a wallet associated with over-the-counter sales. The news could be a sign that the firm is planning to dump yet more of its XRP tokens on the market. Ripple is by far the largest…
Bitcoin scaled a fresh session high on Monday as tit-for-tat trade tariffs by the United States and China bruised global stocks and boosted demand for perceived safe-haven assets. Global mkts slumping amid trade gloom. New tariffs were announced by both China & US. Trump cited his authority under IEEPA (trade war nuclear option) to order…
Long-time Bitcoin proponent and CEO at BullBitcoin.com Francis Pouliot is concerned about the lack of progress made by the company behind the instant messaging application Telegram towards its crypto ambitions. The company sold tokens to investors last year, raising $1.7 billion in the process. Telegram had promoted the project, called the Telegram Open Network (TON)…