Category Archives: Bitcoin

Bitcoin Drops Below $ 50,000; will its decline continue?

Bitcoin’s price has dropped below $ 50,000.

There is a support zone between $ 45,300 and $ 48,400.

BTC is probably correcting within a wave four.

Bitcoin’s (BTC) price fell significantly on February 22, hitting a local low of $ 47,622. Although it has since rebounded slightly, BTC is still struggling to break through the $ 50,000 mark.

Despite this considerable drop, it is likely to be a short-term correction. Then Bitcoin is expected to rise to a new high.

Bitcoin is looking for support

Bitcoin’s price declined significantly on February 22, dropping to a low of $ 47,662. It quickly came back up, creating a long, lower strand. That said, BTC then resumed its descent on February 23, dropping below its low from the previous day.

Technical indicators are showing some weakness as evidenced by the lower momentum of the MACD and the crossing of the RSI below 70. These signals are not necessarily sufficient to confirm a bearish reversal in the trend. Depending on the price at the time of the day’s close, the RSI is likely to generate some form of hidden bullish divergence, a common sign that the trend is continuing.

The six-hour chart shows that BTC has touched the 0.382 fibonacci retracement level, located at $ 48,422. There is also support at $ 45,355 (fibonacco 0.5 retracement level).

After spending 25 days above the 50 line, the RSI finally fell below the latter. This could be a sign of a trend reversal, as it was on January 10, 2021.

The two hour chart shows signs of a bullish reversal in the form of bullish divergences in the RSI, and a very long bullish hammer candlestick (green arrow).

Until BTC breaks through the descending short-term resistance line, the short-term correction cannot be considered complete

The wave count suggests that BTC is in the corrective fourth wave (in orange) of a bullish impulse started with the January 28 low at $ 29,000. Once this move is over, we expect another high near $ 60,000 .

The sub-wave count is shown in black and suggests that BTC has either completed the sub-wave or is approaching the end of it. This is because the price has already reached the fibonacci support of 0.382.

While it is possible that BTC will continue to decline directly towards the fibonacci 0.5 support, it should rebound soon and complete sub-wave B first.

O tolo Motley faz um investimento de $5 milhões de bitcoin

A empresa de consultoria de investimento fez seu primeiro investimento em moeda criptográfica.

  • A empresa de consultoria de investimento Motley Fool comprou US$ 5 milhões da BTC.
  • Ela também adicionará Bitcoin a sua carteira de investimentos 10X.
  • Outras empresas como Tesla e Microstrategy também fizeram recentemente investimentos multimilionários de Bitcoin.

A empresa The Motley Fool investiu $5 milhões em Bitcoin, de acordo com um anúncio da empresa.

A Motley Fool endossa a Bitcoin

A Motley Fool planeja adicionar US$ 5 milhões de Bitcoin ao seu próprio balanço; também planeja manter a compra por muitos anos.

Separada de seu próprio investimento, a empresa adicionalmente oferecerá Bitcoin aos investidores através de sua carteira 10X de dinheiro real. Essa decisão adicionará a Bitcoin a uma lista de 39 ações que a empresa acredita que produzirá retornos dez vezes maiores ao longo dos próximos 15 anos.

A Motley Fool deu razões padrão para seu investimento na Bitcoin. Ela acredita que a Bitcoin pode armazenar valor de forma mais eficaz do que o ouro. Ela também acredita que a Bitcoin será útil para as transações à medida que os preços estabilizarem, e que a Bitcoin pode servir como uma cobertura contra a inflação.

A empresa observou que a Bitcoin provavelmente verá volatilidade de preços no futuro imediato, mas acredita que os investidores verão retornos significativos, no entanto. Também observou que os fundos de investimento Bitcoin são supervalorizados, o que justifica sua decisão de comprar a Bitcoin em si.

As empresas investem na Bitcoin

Em operação desde 1993, The Motley Fool é uma das mais conhecidas empresas de consultoria financeira. As notícias de hoje a tornam uma das primeiras empresas dessa categoria a fazer um investimento Bitcoin.

No entanto, The Motley Fool não é a primeira empresa a fazer tal investimento. A notícia chega uma semana depois que Tesla anunciou um investimento de US$ 1,5 bilhão em Bitcoin, e um dia depois que a estratégia Microst anunciou um acréscimo de US$ 690 milhões ao seu fornecimento de US$ 1 bilhão em BTC.

Segundo o BitcoinTreasuries.org, pelo menos 38 corporações possuem um total de US$ 66,5 bilhões de Bitcoin, equivalente a 1,3 milhões de BTC ou cerca de 6,04% do total da oferta de Bitcoin.

Grayscale catalyst? – Bitcoin boom comes with new purchases

Does Bitcoin’s price development now depend on institutional investors?

Just 48 hours after the influential crypto wealth management company opened its doors to new investors on January 13th, the Bitcoin price climbed by almost 20%, bringing it back to the 40,000 US dollar mark.

During this period, the asset management company purchased an additional 4,618 BTC, which is the equivalent of $ 182 million

Last quarter, Grayscale had already added $ 3.3 billion in BTC to its portfolio , bringing its total Bitcoin Code platform fortune to $ 27.6 billion.

Bitcoin, however, is not the only cryptocurrency that has risen significantly again since January 13th, which can be seen from the fact that the crypto market has grown by 137 billion US dollars in the last two days , bringing the total market capitalization again the Sound barrier of 1 bio. US dollar has cracked.

The purchases by Grayscale are proof of the increased interest from institutional investors, as they do not invest directly in cryptocurrencies, but rather through crypto financial products such as asset management. The interest of these investors is now so great that the available supply of Bitcoin is experiencing a veritable shortage.

Even the large trading platform eToro recorded liquidity bottlenecks for its crypto trading yesterday

Since the Bitcoin halving last year, when the rate of increase in the amount of Bitcoin in circulation was literally „halved“, only 900 BTC have been mined per day. As the crypto market research institute Glassnode calculates, only a third of this has been flowing to crypto exchanges since July 2020.

In the same period, Grayscale bought just under 224,390 Bitcoin, which is roughly 1,200 BTC per day. The large crypto asset management alone is collecting more Bitcoin than is being produced on behalf of its institutional customers.

In the case of other cryptocurrencies, however, the influence of institutional investors does not yet seem to have as much impact on the price development as it does with Bitcoin. Grayscale’s Ethereum investment fund has shrunk by 6,036 ethers since December 9, but the price of the second largest crypto currency has increased by more than 122% in this period even without its support.

Förutsägelse av Bitcoin kontantpris: BCH till $ 600 nästa, analytiker

Bitcoin kontantpris förutsägelse förväntar sig en höjning till $ 600.

Starkt motstånd ligger på $ 480-märket.

Starkt stöd ligger vid 430 dollar

Bitcoin Cash-prisförutsägelsen av Akhi Prajapati visar ett tredubbel bottenmönster i kryptovalutans diagram. Analytikern förväntar sig att tillgången kommer att observera ett breakout nästa och stiga över $ 800-nivån. Den BCH Priset har stigit över $ 480 nivå på 7 januari, medan Bitcoin Loophole observerade en stor prisuppgången och klättrade till en ny all-time high över $ 40000 märket.

När kungen av kryptovalutor flyttar upp på sjökorten verkar altcoins ha följt sin initiala hausseartade fart från den 7 januari med en kort korrigering i början av den 8 januari. Bitcoin Cash startade sin 2-dagars resa från $ 350-märket, och det tog sig gradvis över 480 $ -nivån innan man observerade prisjustering.

Det högsta priset som Bitcoin Cash BCH slog den 8 januari var $ 458,77, medan det lägsta var $ 404,65 på Bitstamp

I skrivande stund handlades Bitcoin Cash till $ 442,07. BCH observerade prisfluktuationer mellan $ 430 och $ 460 nivåer innan handeln stängdes. Denna sidorörelse kan fortsätta innan slutet av den dagliga handeln.

När det gäller det tekniska indikerar sjutton av tjugoåtta av dessa en köpsignal, medan 7 tekniker står neutrala och 4 är i säljposition. De flesta av dessa är glidande medelvärden, vilket indikerar ett starkt köp, medan oscillatorerna verkar gynna en säljposition för BCHUSD-paret.

På 1D-tidsramen kan vi se att BCH- priset återvänder från det övre Bollinger-bandet. Detta kan vara en indikation på en rörelse i sidled för BCHUSD-paret.

Cryptoworld this week: „Santa Claus Rally,“ SEC vs. Ripple, and Ledger user data

At the end of the week, we summarize what we’ve been writing about these past seven days and gather everything relevant to fans of cryptocurrencies and decentralized technologies. This week bitcoin set a new all-time high at above $28,000, the SEC accused Ripple of unregistered sales of $1.3 billion worth of securities, and personal data of Ledger hardware wallet users was leaked online.

Opinions

Pantera Capital CEO Dan Morehead said on CNBC that bitcoin’s limited supply acts as a key driver of the cryptocurrency’s rise in value.

According to Anatoly Aksakov, head of the State Duma Committee on Financial Market, a surge of cryptocurrency business activity is expected in Russia. This will happen already next year after the entry into force of the law on the so-called digital assets.

Last fall, Chairman of the Board of Directors of Alfa-Bank Petr Aven said that bitcoin and other digital currencies have no future. A year later, the head of Alfa Bank again accused the cryptocurrency of lack of security and confirmed his critical attitude towards this instrument.

According to Arkady Trachuk, head of Goznak, the digital ruble will be an excellent alternative to cash.

Many Russian experts are extremely skeptical about long-term prospects of bitcoin. For example, economists Vitaly Kalugin and Maxim Krivlevich believe that bitcoin’s collapse is inevitable because this instrument has no future.

While billionaire Mike Novogratz expects the new White House administration to be bitcoin-friendly, economist Nouriel Roubini, on the other hand, believes that Joe Biden will deal a blow to the cryptosphere.

Estimates

According to The Block, stackablecoin onchain transactions will surpass the $1 trillion mark in 2020. Etherium remains the most popular blockchain for stackablecoin and accounts for 83.5% of total volumes. It is followed by TRON and Omni with shares of about 14.5% and 2.1%, respectively.

According to the Santiment team, large holders of XRP (or so-called „whales“) are selling their tokens en masse.

MicroStrategy reported buying 29,646 bitcoins for about $650 million, bringing the company’s 2020 bitcoin investment to more than $1 billion.

Strategists at JPMorgan said the chances of a bitcoin correction would increase if Grayscale’s investment firm’s bitcoin trusts decline. Grayscale continues to ramp up its investments in digital currencies. The company has reached $16.4 billion in funds under management.

Bitcoin Profit took the first place in the rating of gifts that Russian citizens would like to get for the New Year holidays. This conclusion was made by analysts of the project Hi-Tech Mail.ru, polling Internet users.

Swiss crypto-bank SEBA has completed its Series B financing round. The bank raised 20 million Swiss francs (~$22.5 million). The bank did not disclose investor names, but Dudler said that „all existing major shareholders and new shareholders“ from Switzerland, Europe and Asia participated in the round.

Anthony Scaramucci’s investment firm SkyBridge Capital filed with the U.S. Securities and Exchange Commission (SEC) on Dec. 21 to create the first $25 million bitcoin fund. The fund, called SkyBridge Bitcoin Fund L.P., will be open only to investors who are willing to invest at least $50,000.

Exchanges

Cryptocurrency exchange Bitstamp has restricted trading and deposits of XRP for all U.S. customers. Jump Trading and Galaxy Digital stopped trading XRP after the lawsuit was filed, and Bitwise, a crypto-asset management company, excluded the token from its index fund. Crypto exchanges OSL, CrossTower and Beaxy also stopped trading XRP.

The EXMO exchange reported a hack. As a result of the hack, $10.5 million in cryptocurrency was withdrawn from the hot wallets, which is about 5% of the exchange’s total assets. EXMO management claims that some of the cryptocurrency cannot be recovered because the criminals withdrew funds through Poloniex.

The Indian cryptocurrency exchange on Dec. 21 reported raising $13.9 million from Coinbase and Polychain. This is CoinDCX’s third funding round in 2020, raising a total of $19.4 million.

U.S. cryptocurrency exchange Coinbase named the first recipients of Crypto Community Fund grants.

Cryptocurrency exchange Binance added support for Segregated Witness (SegWit) for bitcoin deposits. Binance also announced the closure of the Binance Korea division for South Korean users.

Mining

U.S. mining company Riot Blockchain signed another contract with Bitmain to buy 15,000 miners. Riot Blockchain expects the new purchase to boost its overall bitcoin hash rate by 65%.

Following the ban on crypto mining in Abkhazia, local law enforcement agencies periodically report on the elimination of yet another underground mining farm. Over the past week 12 illegal farms were discovered and liquidated. A total of 3,783 pieces of equipment were stopped by law enforcers.

After months of power struggles, the co-founders of Chinese Bitmain mining company Jihan Wu and Micri Zhang reached an agreement. As part of the agreement, Jihan Wu will leave the company and receive $600 million in compensation, while Zhang will control the production of Antminer miners. Wu will also gain control of the BTC.com mining pool and Bitmain’s overseas mining centers. Zhang will retain the Antpool mining pool and Bitmain mining centers in China.

Mining pool F2Pool published a review of a new ASIC miner for the Ethash algorithm called Phoenix, developed by Chinese company Linzhi.

Regulation

The Bank of Russia does not plan to use the digital ruble in lending to individuals and legal entities. In addition, the regulator excludes the use of token in deposit products. Also, the Central Bank allowed the use of cryptoruble in smart contracts.

The digital ruble can be used internationally, primarily in the post-Soviet space. Uzbekistan and Tajikistan, for example, could use the innovative tool for cross-border movement of funds, said RANEPA expert Yegor Ivankov.

MicroStrategy achète pour 50 millions de dollars supplémentaires la CTB

La plate-forme d’analyse commerciale et de mobilité MicroStrategy, cotée au Nasdaq, a obtenu 2574 bitcoins pour 50 millions de dollars. Cela fait 40 824 BTC, pour un total d’environ un demi-milliard de dollars d’actifs cryptographiques dans le portefeuille de MicroStrategy. Le PDG de MicroStrategy, Michael Saylor, a confirmé la nouvelle sur ses réseaux sociaux :

La société est un célèbre hodleur de Bitcoin. Ayant fait son premier achat en août, la société continue à stocker ses fournitures BTC. Le premier investissement de l’entreprise a été réalisé à l’époque où le prix de la cryptocarte était de 9 882 dollars. Le dernier achat a été effectué au prix de 19 427 dollars par bitcoin. Le prix du marché n’a donc pas influencé l’initiative d’investissement de MicroStrategy.

Pour l’instant, MicroStrategy est l’entreprise la plus investie dans les actifs de cryptologie. Elle possède deux fois plus de BTC que son concurrent le plus proche, Galaxy Holdings, qui possède 16651 BTC. Square occupe la troisième place avec 4709 BTC.

MicroStrategy tente également de participer au développement de la chaîne de blocage par des investissements et des actes symboliques. Fin octobre, MicroStrategy a installé son premier nœud Bitcoin.

Förutsägelse av Bitcoin kontantpris: BCH / USD Redo för Bearish Cross; Handlar under 240 dollar

BCH-prisförutsägelse – 4 november

I skrivande stund bevittnar Bitcoin Cash en ökning av sitt försäljningspress när kryptos baisshet antydde en nedåtgående prisåtgärd.
BCH / USD-marknaden

  • Viktiga nivåer:
  • Motståndsnivåer: $ 260, $ 270, $ 280
  • Supportnivåer: $ 220, $ 210, $ 200
    BCHUSD – Dagligt diagram

För några dagar sedan nådde BCH / USD en topp på $ 240 och har följt en nedåtgående trend inom kanalen. Priset som inte ligger över 220 dollar förstör dock den långsiktiga tekniska bilden av myntet. BCH / USD måste hålla denna mark för att vägleda mot det ytterligare nedåtgående trycket, eftersom det närmaste stödet förväntar sig myntet till $ 220.
Var går BCH-priset nästa gång?

Idag upptäcktes Bitcoin Cash-priset till 231 $ efter en baisseartad ljusstake som passerade under kanalens nedre gräns. Det var i början i början av månaden när BCH / USD sågs bryta mot $ 260 och till och med $ 232 men misslyckades med att handla beständigt och korrigerade nedåt. Vid denna tidpunkt tappar Bitcoin Cash över 2,5% värde och har därför lett till stöd från 21-dagars MA.

Den flyktiga prisrörelsen förblir dock intakt, och vi förväntar oss en uppdelning snart enligt den nuvarande bildningen av glidande medelvärden. Tillsammans hände den baisseartade crossover på RSI (14) -diagrammet när candlewick drog sig tillbaka och rörde sig under kanalen. RSI (14) ses korsa under den översålda regionen och ligger för närvarande på $ 260, $ 240 och $ 245.

Mot Bitcoin handlas för närvarande Bitcoin Cash under de 9-dagars och 21-dagars glidande medelvärdena och det dagliga diagrammet visar att björnarna visar ett stort engagemang för handeln. Under tiden, när man tittar på de senaste negativa tecknen, kan marknadspriset fortsätta att sjunka om säljarna fortsätter att pumpa mer tryck på marknaden.
BCHBTC – Dagligt diagram

Eftersom RSI (14) -signallinjerna under 40-nivån, om köparna lyckades kunna hålla stödet av 0,1700 BTC, kan marknadspriset sannolikt börja en uppåtgående rörelse, medan man trycker längre över de glidande medelvärdena kan leda till att motståndsnivå på 0,019 BTC och högre men en omprövning kan sänka priset till stöden på 0,0155 BTC och därunder när RSI (14) går in i den översålda rörelsen.

Financing negative – Binance stock market trend provides enormous rocket fuel for Bitcoin

Binance-Börsen-Trend supplies rocket fuel for Bitcoin

Bitcoin’s short-term trend has become somewhat unclear recently as the crypto currency has been unable to extend its momentum beyond $13,800.
This level is of historical significance, as this is where BTC’s upward trend came to a halt in the summer of 2019 as it recovered.

At the time of writing, Bitcoin Pro is quoted at a price of $13,150. This is roughly the range in which it has been traded in the past 24 hours.
The sharp rise in the US dollar that took place yesterday may have been the trigger for this movement.
Although it is now consolidating at just over $13,000 as bulls and bears hit a dead end, one analyst points to an interesting trend on Binance – and it is extremely bullish.
He notes that financing rates on the platform remain negative, suggesting a „ridiculously pessimistic“ mood that could contribute to a BTC rally.

Bitcoin and the entire crypto market are experiencing a somewhat listless price action today, marking an extension of yesterday’s consolidation phase.

This sideways trend came about shortly after the recent $13,800 rejection, which dealt a blow to Bitcoin’s massive momentum.

Despite the apparent decline in this rejection, a very negative sentiment among traders suggests that a further rise may be imminent.

One analyst points out that the refinancing rates on Binance are a reliable sentiment indicator – and he comments that he expects an upward trend.
Bitcoin trades around $13K – momentum falters

Yesterday bears triggered the critical support of the crypto currency at 12,800 $ – however the purchase pressure here intensively and helped to slow down the descent.

As long as bulls continue to defend themselves against a decline below $13,000, an upswing could be imminent in the near future.

This trend on Binance is bullish for BTC

One trader points to the negative financing of Binance as a positive development for Bitcoin and comments: This indicates that despite the recent rise, investor sentiment is largely bearish.

However, he adds that those who shorten Bitcoin’s strength are „asking to be destroyed“ – and adds that a recovery is likely to be imminent.

„The fact that financial financing is negative is a pretty big deal. Just say it. A bunch of rabble will soon have their lunch money taken away… If the funding for USDT security crimes is negative, people are basically selling BTC they don’t own -> ridiculous bear sentiment (people asking for „rect“).“

Image courtesy of ByzantineGeneral

Whoever is „right“ was virtually destroyed, lost all profits. These increasing short positions could serve as fuel for an upward movement in the coming days and weeks.

Bitcoin avgifter skyrocket, noen transaksjoner tar dager, mulig mulig neste uke

Bitcoin (BTC) har opplevd ganske mange sammenkoblede problemer, ettersom hashraten har falt, avgiftene på det overbelastede nettverket har økt, og brukerne hevder å vente i flere dager på at transaksjonene deres skal bekreftes – noen av dem kan bli droppet av gruvearbeiderne. Imidlertid kan noe lettelse komme neste uke.

Og dette skjer på en tid da BTC samlet seg med 27% på en måned, og nesten slo USD 14 000 før de korrigerte lavere igjen (USD 13 530 kl 16:17 UTC i dag).

I mellomtiden, med det klart overbelastede nettverket, kommer imidlertid et hopp i transaksjonsgebyret

Gjennomsnittlig Bitcoin-transaksjonsgebyr 28. oktober var USD 11,67, per BitInfoCharts.com. Det toppet spesielt fra 19. oktober og klatret hele 505,5% siden den gang. Det syv dagers glidende gjennomsnittet viser et hopp på nesten 210% mellom disse to datoene, til USD 6,75.

Tilsvarende var den mediane transaksjonsavgiften den 28. oktober USD 6,88, noe som er en massiv økning fra 17. oktober-fall da nesten USD 0,6 ble registrert. Syv dagers enkelt glidende gjennomsnitt viser en økning på 223% på ti dager, til USD 3,8 registrert 28. oktober.

Median transaksjonsgebyr, USD, 7-dagers enkelt glidende gjennomsnitt

„Gebyrene bør synke når vanskeligheter med å justere tidlig i neste uke, siden blokker vil bli utvunnet oftere,“ sa Bitcoin-utvikler Matt Odell, skjønt „vi vet ikke hvor mye avgifter vil falle, hvis transaksjoner vil fullføres, og hvor lang tid det vil ta hvis de gjør det. “ Per gruvedrift BTC.com forventes vanskeligheter å falle nesten 10% på mer enn fire dager, ettersom BTC-blokkeringstiden overgikk 14 minutter mens målet for den gjennomsnittlige blokkeringstiden er 10 minutter.

Folk har kommentert på sosiale medier at transaksjonene deres ikke har blitt bekreftet i flere timer eller dager nå. Andre bemerket imidlertid at disse transaksjonene med høyere avgifter vil bli bekreftet tidligere, da disse er mer lønnsomme for gruvearbeiderne.

Jameson Lopp, Chief Technology Officer for kryptosikkerhetsspesialist Casa , kommenterte at den nylige nedgangen i hashrate, eller beregningskraften til Bitcoin-nettverket, førte til at visse Bitcoin-noder nådde sin fulle kapasitet, slik at de brukerne som har sendt laveste gebyrtransaksjoner ikke se dem bli videresendt.

Hashrate falt nesten 38% fra det høyeste punktet på 157,65 EH / s det nådde 17. oktober til 97,95 EH / s ti dager senere. Det økte imidlertid med 7% det siste døgnet. Lopp bemerket tidligere at fallet antagelig er et resultat av at kinesiske gruvearbeidere flyttet utstyr for den tørre årstiden.

Ethereum developer Virgil Griffith objects to allegations of violating sanctions

Griffith states that his blockchain talk in North Korea is based solely on publicly available information.

Virgil Griffith, the former Ethereum Foundation development researcher, filed an objection on Thursday against allegations that he should have deliberately disregarded US sanctions against North Korea. He justifies his objection by stating that the prosecution of the Southern District Court of New York cannot name a specific crime on his part.

Griffith, 37, was arrested by FBI agents on November 28, 2019 after attending an IT conference in North Korea in April that year

The prosecution then accused him of attending as a kind of service for the North Korean government through which he allegedly passed on „valuable information“ to members of the government. In addition, he took part in „talks“ on the use of blockchain technology to circumvent sanctions.

Griffith replied that the presentation he gave at the conference was merely „very general and only contained information that is publicly available anyway.“

In this regard, the question now arises for the court whether the mere planning and holding of the presentation can be interpreted as a violation of American sanctions.

In his contradiction, Griffith also claims that he was not paid to attend and that he did not sign any consulting contract. Accordingly, his lecture was not a „service“ for the North Korean government. He also sees his right to free speech protected by the American constitution.

In conclusion, Griffith argues that his presentation is protected by an exception in international law that legitimizes the sharing of „information“ and „information materials“.

So it says in his contradiction:

„If Mr. Griffith’s lecture is not classified as disseminating ‚information‘, what then?“

As Cointelegraph reported , the case divides the crypto community.

Ethereum co-founder Vitalik Buterin defended Griffith in December:

“I think what Virgil did didn’t help the North Korean government do anything bad. He gave a talk based on publicly available information about open source software. He did not impart advanced hacking expertise. […] In addition, Virgil did not derive any private advantage from participating. […] I hope that the USA will take care of the really important things and not about computer scientists giving the lectures. „