Crypto news

With less than 10 hours until the Bitcoin halving, price of BTC dropped by nearly 20%. Selling pressure seems to come from whales, as open interest surged on BitMEX before the big fall. Whales are seemingly taking advantage of retail investors around the halving narrative. In less than 10 hours, the highly anticipated Bitcoin halving will be activated. But, whales seem to be taking the opportunity to dump on the market. Since Friday, bitcoin price dropped by more than...

The insurance fund of Binance which protects its users from auto-deleverage liquidations on the Binance Futures platform used more than $13 million following the most recent crash in Bitcoin’s price. The exchange has stated that it intends to add $30 million more to the fund in order to keep protecting its traders.$13 Million To Protect Users In Recent Bitcoin Price CrashBinance Futures continues to establish itself as a leading platform for Bitcoin and cryptocurrency derivatives trading.Its...

New data comparing Bitcoin’s fundamentals now and around the second halving in 2016 demonstrates the immense growth of the network.Double, triple, and even quadruple-digit increases are evident in almost all areas, including the number of BTC addresses, the hashrate, and the daily transaction volume.2016 Vs. 2020 Bitcoin AddressesWhile most members of the community are focused on the volatile price movements around the halvings, new information compiled by GlassNode takes a thorough look at...

Stellar lumen price failed to gain momentum above $0.0750 and declined sharply against the US Dollar.XLM price tested the $0.0600 support zone and it is currently consolidating losses.There was a break below a crucial bullish trend line with support at $0.0710 on the 4-hours chart (data feed via Kraken).The pair could correct above $0.0650, but the bears are likely to protect $0.0700 and $0.0710.Stellar lumen price is currently trading above key supports against the US Dollar, similar to...

Ripple price started a major decline from well above the $0.2300 level against the US dollar.The price is now trading in a bearish zone below the $0.2000 pivot level.There was a break below a crucial bullish trend line with support near $0.2165 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could correct a few points, but the bears are likely to protect $0.2085 or $0.2110.Ripple price is currently recovering from the $0.1880 swing low against the US Dollar. XRP...

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 878. Heute sprechen wir über folgende Themen: CME könnte bald Ethereum Futures veröffentlichen, Coinbase Ausfall während Bitcoin Crash & 1 Million aktive Bitcoin Wallets. 1.) CME könnte bald Ethereum Futures veröffentlichenhttps://coincierge.de/2020/cme-koennte-bald-ethereum-futures-veroeffentlichen/ 2.) Coinbase Kunden verärgert: Ausfall während des Bitcoin...

Ripple turned bearish after losing 17% to reach a key demand level at $0.175There’s no bullish sign for XRP at the moment as bears show more interestAgainst Bitcoin, Ripple dropped to a new monthly low at 2130 SAT levelXRP/USD: Ripple Drops To $0.175Key Resistance Levels: $0.20, $0.222, $0.235Key Support Levels: $0.175, $0.163. $0.146XRP/USD. Source: TradingViewRipple saw a daily 17% drop to $0.175, following a sudden collapse in the entire cryptocurrency market. In anticipation of the...

Bitcoin’s halving is estimated to take place in less than a day, and transaction fees are surging. This is indicative of users willing to pay a premium for their transactions to be prioritized and also of the increased number of unconfirmed transactions.Bitcoin Transaction Fees Above $3Transaction fees on Bitcoin’s network have been increasing in the past few days as the halving is estimated to take place in less than 24 hours.According to data from Bitinfocharts, on Friday, May 8th, the...

Seattle crypto startup Coinme has garnered more than $5 million in funding through a new round led by Pantera Capital, a bitcoin investment firm. The company’s co-chief investment officer Joey Krug is now set to join the startup’s board of directors.Coinme Is Growing Like Never BeforeIn total, Coinme managed to get its fingers on an additional $5.5 million, which it says it will use to increase its cryptocurrency ATM and kiosk network across the United States. The company has been on fire...

Bitcoin is about to enter new “halving” territory in the coming days, and many analysts are unsure of what to make of the event considering the COVID-19 pandemic continues to rage on.The Halving Could Be Hit By COVID ConditionsAt first glance, it doesn’t look like a health scare of this magnitude would affect a single asset so heavily, but clearly bitcoin has been hit hard over the last three months. The currency was initially trading for well over $10,000 in mid-February. From there, it fell...