Crypto news

Although the price of bitcoin has crashed in the past 24 hours with double-digit percetages, the network’s fundamentals remain strong. Recent data indicated that BTC’s mining difficulty and the hash rate had reached new all-time highs.BTC Mining Difficulty And Hash Rate ATHsThe mining difficulty on the BTC network goes through an automatic adjustment every 2,016 blocks (or roughly two weeks). Depending on the number of active miners putting their computational power to work on the blockchain,...

As we’ve seen before, it doesn’t matter how well bitcoin does or how strong it’s price becomes. There could be a dozen major rallies and there will still be doubters out there. Proof of that exists in Wall Street trader Michael Hartnett, who in a recent interview, referred to bitcoin as the “mother of all bubbles.”Michael Hartnett: BTC is the “Mother of All Bubbles”As it stands, Hartnett doesn’t necessarily believe that the bitcoin price is going to fall. At least he never hinted at this...

The past couple of days have been very volatile for Bitcoin. Ultimately, though, the volatility played out in favor of the bears.The price lost almost $12,000 of its value and tumbled to an intraday low of around $30,260 on Bitstamp. In fact, the past 6 out 9 four-hour candles are all painted in red. This is a decrease of about 27%.BTC/USD. Source: TradingViewAll of this happened a couple of days after Bitcoin painted a fresh all-time high of around $42,000 on Friday, and it’s worth looking...

One of the big problems with bitcoin in the past has been its volatility and the fact that it’s so vulnerable to price swings. At the time of writing, the volatility it’s known for has been presenting a lot of advantages for traders of the world’s number one cryptocurrency by market cap, but one brokerage firm in the United Kingdom – Marex Spectron Group Ltd. – is still looking for a way to ensure people can make money on crypto while avoiding this volatility.Marex Releases New Bitcoin...

The leading cryptocurrency exchange Binance has teamed up with an Israeli blockchain company called Orbs to be the first core sponsors of a DeFi-related program. Dubbed DeFiOrg accelerator, it aims to enhance the research, development, and community engagement in the decentralized finance field.Binance And Orbs Sponsor DeFi AcceleratorThe Malta-based digital asset exchange announced its most recent endeavor in a press release shared with CryptoPotato. It described the accelerator as a program...

XRP/USD – XRP Drops From 200-Days EMAKey Support Levels: $0.263, $0.25, $0.23.Key Resistance Levels: $0.3, $0.32, $0.35.Last week, XRP bounced higher from $0.25 to reach the resistance at the 200-days EMA. It traded sideways along with the 200-days EMA for the past five days but the 15% price drop in Bitcoin today caused XRP to drop by 18% as it slides from the 200-days EMA at $0.32 to reach the current $0.273 level.XRP had spiked further lower earlier in the day but managed to find support...

The price of Bitcoin took a tumble today after dropping by almost 25% in the past 24-hours alone, and almost 30% from the ATH that was set last Friday at $42K.Over the past 14 hours, Bitcoin dropped by a total of $7,400 after following a breakdown of the marked descending triangle (4-hour chart), which has been predicted in our yesterday’s analysis. Bitcoin dropped severely to $30,700 as the current low, according to Bitsamp.Typically, this type of pullback is necessary after the parabolic...

The Bitcoin futures platform launched in 2018 by Intercontinental Exchange (ICE) has entered into a “definitive agreement” for business cooperation that will lead to becoming a publicly-traded company with an enterprise value of over $2 billion. The company has also appointed a new CEO.Reports emerged last week suggesting that Bakkt was negotiating a strategic merger with VPC Impact Acquisitions Holdings to go public. Either company failed to deny or confirm the rumors until earlier...

Stellar lumen price rallied significantly towards $0.4500 before correcting lower against the US Dollar.XLM price is now trading below the $0.2800 support, and testing the 55 simple moving average (4-hours).There was a break below a major contracting triangle with support near $0.2850 on the 4-hours chart (data feed via Kraken).The pair is likely to find a strong buying interest near $0.2200 and $0.2000 support levels.Stellar lumen price is gaining bearish momentum below $0.3000 against the...

Scott Minerd, the CIO of the Wall Street behemoth Guggenheim Partners that recently decided to allocate funds in BTC, said that bitcoin’s recent price increase was unsustainable in the short term.Furthermore, he advised that it was time to take some money off the table, but speculations arose if this is part of Minerd’s master plan to buy BTC at a lower price.Guggenheim CIO Warns Of Unsustainable BTC RunThe Chief Investment Officer of Guggenheim Partners took it to Twitter to assert that...