The median confirmation time for transactions with miner fees to be included in a mined block and added to Bitcoin’s ledger has decreased substantially on the day that the halving is estimated to take place. If the rate continues as it is, the event will take place a few hours sooner than expected.10 Blocks Mined in 47 MinutesAccording to information from Blockchain.com, the average time for the network to generate new blocks has decreased substantially.Blocks 629952 through 629961 were mined...
Read More »Bitcoin Price Analysis: Despite $1000 Recovery, Traders Must Be Aware of Extreme Volatility As The Halving Approaches
Bitcoin’s volatility is breaking records, as the primary cryptocurrency approaches its third halving in a few hours.After yesterday 20% plunge to $8K, Bitcoin had recovered more than halfway. As of writing these lines, Bitcoin is trading around the $9000 mark.As we stated here on yesterday’s BTC analysis, the violent plunge that took place on Sunday found strong support at the $8K price zone, which includes the 200 and the 100 days moving average lines, along with the ascending trend-line...
Read More »North Korea’s Lazarus Group Reportedly Increasing Cryptocurrency Cybercrime Amid COVID-19 Outbreak
According to recent reports, the infamous hacking organization, Lazarus Group, is stepping up its efforts to steal cryptocurrencies.The group with alleged involvement with the North Korean government is using the current global economic difficulties prompted by the COVID-19 pandemic to increase its profits from cybercrime activities.Lazarus Targets Your CryptoThe notorious hacking group has been primarily focused on cyber heists involving digital assets, according to a recent report. More...
Read More »Why Bitcoin Whales are Mass-Dumping Before Crypto’s Big Halving
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...
Read More »Binance Insurance Fund Got Into Action Using $13 Million During Sunday’s 20% BTC Plunge
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...
Read More »4 Years Of Developments: Bitcoin Fundamentals Significantly Different in 2020 Compared To The Halving Of 2016
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...
Read More »Stellar Lumen (XLM) Price Turns Bearish Below $0.07 But $0.06 Holds Key
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...
Read More »Ripple Price Analysis: Risk of More Downsides To $0.175
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...
Read More »#878 CME Ethereum Futures, Coinbase Ausfall Bitcoin Crash & 1 Million aktive BTC Wallets
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...
Read More »Ripple Price Analysis: XRP Crashes 17% Following Bitcoin’s Bloodbath, Where To Now?
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...
Read More »