Bitcoin
‘Net neutral’ — Rising Bitcoin exchange balances could be due to Huobi Chinese user block
Bitcoin (BTC) balances rising on exchanges may not be a sign of investors preparing to sell, new research argues. Unveiling the latest data from across exchanges on Dec. 28, Glassnode on-chain analyst TXMC pointed the finger at fresh changes in China for rising balances elsewhere. Binance “absorbing” orphaned Huobi users The end of December is seeing nerves fray as a rangebound BTC price combines with increased inflows to exchanges. A classic indicator that traders are at least arming themselves to de-risk in the event of further price weakness, Binance has been particularly closely eyed as its BTC stocks rise. At the same time, however, Chinese investors are being frozen out of international spot trading venues in the aftermath of China’s ongoing crackdown on cryptocurre...
Getting paid in BTC was a ‘big part’ of the reason this MMA fighter signed with Eagle FC
Kevin Lee, a professional mixed martial arts fighter, has said a major factor in his decision to sign with a new promotion company was Bitcoin (BTC). According to a report from MMA news outlet BJ Penn, the Russia-based Eagle Fighting Championship will be paying Lee in BTC as part of a four-fight contract. The fighter has reportedly been a HODLer since before the 2017 bull run, later using some of the profits to live off of after paying for knee surgeries. “To be paid in Bitcoin and not give me any pushback on it whatsoever, was huge in the decision [to sign with Eagle FC],” said Lee. “It gives me a lot more financial security and will help me fight better, too.” Уважение орёл #EagleFC pic.twitter.com/tgmCQyYK2R — Kevin MTP Lee (@MoTownPhenom) December 15, 2021 Payments concerning the ...
What were the biggest crypto outcomes of 2021? Experts Answer, Part 1
Hatu is the co-founder and chief strategy officer of DAO Maker, which creates growth technologies and funding frameworks for startups while simultaneously reducing risks for investors. “For a space as dynamic as blockchain, it is tough to pinpoint the reasons behind the industry evolving during the year. However, I feel the adoption of smart contracts has bolstered the growth of the industry and its relevance in the traditional setup. From optimizing supply chains to building a corporate structure around them, smart contracts are assisting everywhere. DAOs have emerged as a new wave of democratization of firms and associations. By transferring ownership to everyone involved and reducing centralized authority, DAOs and community governance are here to stay. In 2021, we could see m...
Bitcoin daily losses near $4K as S&P 500 hits 69th all-time high of 2021
Bitcoin (BTC) dropped nearly $4,000 on Dec. 28 as the market offered a sharp reminder that the bull run would need to wait. BTC analysts eyes $44,000 BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $48,335 on Bitstamp at Dec. 28’s Wall Street open. The pair had passed $52,000 the previous day, this marking a three-week high, before pressure from sellers halted progress. At the time of writing, Bitcoin circled $49,000 as traders took the opportunity to remind audiences of Bitcoin’s ongoing active range. “Humans get bullish at resistance. It’s a thing,” Scott Melker summarized. “Still ranging. Nothing has changed.” The $52,000 trip indeed failed ...
Bitcoin rises above $51K as the dollar flexes muscles against the euro
Bitcoin (BTC) regained its bullish strength after reclaiming $50,000 last week and continued to hold the psychological level as support on Dec. 27. Meanwhile, its rival for the top safe-haven spot, the U.S. dollar, also bounced off a critical price floor, hinting that it would continue rallying through into 2022. Triangle breakout The U.S. dollar index (DXY), which measures the greenback’s strength against a basket of top foreign currencies, has been trending towards the apex of a “symmetrical triangle” pattern on its daily chart. In doing so, the index has been treating the structure’s lower trendline as its solid support level, thus hinting that its next breakout would resolve to the upside. DXY daily price chart featuring symmetrical triangle setup. Source: Tradi...
Crypto Twitter year in review: 10 influential tweets of 2021
Another year has come and gone in the cryptocurrency industry, leaving behind an ocean of developments, drama, price swings and innovation — all moving at a breakneck pace that even Barry Allen would have a hard time keeping up with. Similar to previous years, Twitter has yet again served as a hotbed of crypto industry discussion in 2021. Over the past 12 months, Bitcoin (BTC) rode a price rollercoaster, nonfungible tokens (NFTs) sold for millions of dollars and Dogecoin (DOGE) reached illogical price highs — and that’s just the tip of the iceberg. Twitter, of course, sat right in the middle of the action, with people and companies posting all sorts of industry-related content. Providing a glimpse into some of the action — a time capsule of sorts for the future, or maybe an update fo...
Veteran Bitcoin hodlers are still selling record low amounts of BTC despite 70% gains in 2021
Seasoned Bitcoin (BTC) hodlers have hardly spent any coins despite $69,000 all-time highs this year, data shows. According to the Coin Days Destroyed (CDD) metric from on-chain analytics firm Glassnode, the proportion of coins being spent by old hands remains near record lows. Strong hands knuckle down throughout 2021 In the latest sign of the conviction of those who invest in and hold Bitcoin over multiple years, CDD remains extremely calm. The indicator refers to how long each BTC has been dormant each time it moves. This provides an alternative to simple volume measurements to determine market trends. Older coins are thus more “important” than younger ones with a history of active movement. “Despite a rise over the last few months, the current value is still around historic lows,” Twitt...
Some Salvadorans claim funds are missing from their Chivo wallets
Some of the money from El Salvador’s state-issued Chivo wallets is reportedly missing, according to many Salvadorans posting on social media. In a Dec. 16 Twitter thread started by user “the commissioner,” at least 50 Salvadorans have reported December losses totaling more than $96,000, following the setup of the Bitcoin (BTC) wallets by the government. Some of these transactions were for as little as $61, but others said they were missing thousands or more. 2- $3,921 pic.twitter.com/fvP8aLHQyP — El Comisionado (@_elcomisionado_) December 18, 2021 “There is a security flow on the wallet where money and transactions disappeared,” said Luis Guardado in a direct appeal to President Nayib Bukele. “No tech support and only useless calls, where is my money.” Bukele said in October that 3 million...
Bitcoin can hit $333K ‘parabolically’ if this BTC price fractal plays out
Bitcoin (BTC) could target a massive $333,000 by May 2022 if the U.S. Federal Reserve provides a “perfect storm” of low rates, a new prediction argues. Updating an uncannily accurate price forecast on Dec. 27, filbfilb, co-founder of trading platform Decentrader, drew dizzying conclusions about BTC price action next year. Analyst: “You don’t have enough crypto” for 2022 bull run After acting almost to the letter throughout 2021, BTC/USD stands to make huge gains in the coming six months if conditions remain the same. The Fed is poised to make two interest rate hikes next year, and these are likely priced in, pundits say — but a surprise change of tact could have far-reaching consequences. For Filbfilb, analyzing Fibonacci sequences alongside historical price a...
Price analysis 12/27: BTC, ETH, BNB, SOL, ADA, XRP, LUNA, AVAX, DOT, DOGE
Bitcoin (BTC) and most major altcoins have bounced off their immediate support levels, indicating that the sentiment is improving and traders are buying on minor dips. Billionaire and Mexico’s third-richest person Ricardo Salinas Pliego said in his Christmas and New Year message to stay away from fiat money, terming it as “fake money made of paper lies.” Instead, he advised people to “invest in Bitcoin.” Veteran trader Peter Brandt warned that “chart pattern breakouts should be viewed with great suspicion” during the thinly traded holiday period in the last half of December. Daily cryptocurrency market performance. Source: Coin360 Analysts remain bullish for 2022. Crypto analyst and pseudonymous Twitter user DecodeJar believes that Bitcoin could surpass $100,000 and reach the conservative ...
Mexican billionaire says ‘buy Bitcoin’ in New Year message
Mexico’s third-richest person sent out a heart-warming New Year message to Bitcoin (BTC) enthusiasts on Christmas Eve. Ricardo Salinas Pliego recommended moving away from fiat money and buying Bitcoin in a two-minute festive video. He gives three pieces of advice to his 957,200 followers on Twitter as part of his Christmas and New Year message before asking his followers to retweet and share: “Steer clear of fiat money. Whether it’s the Dollar, the Euro, or the Yen –it’s all the same. It’s fake money made of paper lies. Central banks are producing more than ever.” He pauses before pointing to the camera to say, “Invest in Bitcoin!” In front of a golden Christmas tree, the other two “presents” of advice Salinas left his followers were to let go of jealousy and to believe in oneself, p...
Crypto mainstream adoption: Is it here already? Experts Answer, Part 3
Sebastian is the chief strategy officer at Coinsource, a Bitcoin ATM provider in the United States. “In 2022, we expect more countries to follow El Salvador’s lead and adopt Bitcoin as legal tender, particularly countries across Latin America and Asia. As a result, we anticipate an increase in the number of Bitcoin ATMs across Latin America, and also in Europe. As new countries adopt, it is likely U.S. dominance in the crypto industry will be reduced. Regulation of crypto will continue into 2022, which is generally a good thing. However, it must be reasonable and fairly applicable to all. We have the potential to solve compliance in many of the protocols once and for all, so we need to double down on this. The industry is on a good path to increase the standards by whic...
