Tag Archives: BTCEUR

Following yesterday’s announcement that Square has purchased $50 million worth of Bitcoin, the asset has reacted with a significant price jump to $10,900. Most altcoins have followed suit and the cryptocurrency market cap has increased by $12 billion.Bitcoin To $10,900 Due To Square?Bitcoin was in a bit of a pickle in the past few days trading around $10,600. Yesterday didn’t appear as a breakthrough day for the asset as it was slowly declining towards $10,540 (on Binance).However,...

Bitcoin’s price has managed to climb $300 today and break bullish out of a 19-day consolidation pattern (white dashed lines). This is pretty surprising considering the recent Kucoin hack, BitMEX investigation from the CFTC, and the potential for a second wave of lockdowns worldwide. In just 6 hours, $12 billion flooded back into the crypto markets, shortly after Jack Dorsey’s Square announced it had purchased 4.709 BTC (approx $50 million). This catapulted the leading...

Noted on-chain market analyst Willy Woo is of the opinion that Bitcoin’s network fundamentals including blockchain data and infrastructural metrics are going pretty strong. But the BTC market has still not caught up on this ‘moon-like’ action. Willy believes it will, only next year.Bitcoin On-chain Data And Metrics From Infrastructure Players are in ‘Moon Mode’Willy Woo, while tweeting from his official Twitter handle, took a heavily bullish stance on the state of the Bitcoin network. He said...

Financial services company Square has announced that it has purchased $50 million in Bitcoin.The company headed by Twitter’s Jack Dorsey, says that it believes that cryptocurrencies are an instrument of “economic empowerment and provides a way to participate in a global monetary system, which aligns with the company’s purpose.Today, @Square announced that it has purchased $50M in bitcoin. Square believes cryptocurrency is an instrument of economic empowerment and provides a way to participate...

Before implementing the ban on cryptocurrency derivatives sales in the UK for retail investors, the FCA asked over 500 firms, trade bodies, and competent authorities on their opinion. Interestingly, the results decisively concluded that 97% of all participants didn’t agree with the prohibition.97% Oppose The FCA Crypto Derivatives BanUK’s watchdog, the Financial Conduct Authority (FCA), initially proposed prohibiting the sale, marketing, and distribution to retail clients of cryptocurrency...

Bitcoin has had a slow last few weeks, that’s for sure. It appears that the cryptocurrency is trading within a narrow range, unable to swing convincingly in either direction.This is reflected in its historic volatility, which has been falling quite a bit. In fact, it’s currently at a point where, usually, a huge move is inbound.Bitcoin Historic Volatility Low: Huge Move IncomingThose who’ve been following the cryptocurrency markets long enough know that there’s rarely a boring day. And, in...

Bitcoin price appears to be tracking in another classic whale manipulation pattern right now, after yesterday’s sharp $200 crash during the US trading session. The details of this pattern have already been covered extensively in a previous analysis, but for those of you not familiar, it essentially represents a strategy employed by large BTC traders (whales) to create panic in the market and force weaker hands to sell. The induced rise in selling pressure creates more...

Social Capital CEO Chamath Palihapitiya doubled-down on his belief that Bitcoin investors should separate themselves from short-term price actions. He asserted that BTC operates in opposite to other financial assets and helps him sleep “soundly” at night.Palihapitiya: Bitcoin Is Fundamentally DifferentThe former Facebook executive has been a long-time Bitcoin proponent. Earlier this year, he said that his first BTC purchase came ten years ago when he bought one million bitcoins for about $80....

Bitcoin has failed to sustain its recent bullish run and has dropped to approximately $10,600. Most alternative coins have mimicked BTC’s move, resulting in a $10 billion loss from the total market cap.Bitcoin Fails At $10,800As reported yesterday, Bitcoin had reacted positively on news that US President Donald Trump left the hospital after a few days and returned to the White House. The primary cryptocurrency, copying gains on Wall Street, accelerated in price and peaked at $10,800.However,...

Cryptocurrency investors have withdrawn approximately 45,000 bitcoins from the derivatives exchange BitMEX following the recent charges brought by the US CFTC. A sizeable portion of the massive amount has ended up on two rival exchanges – Gemini and Binance.CFTC Charges Against BitMEX OwnersAs CryptoPotato reported last week, the US Commodities and Futures Trading Commission pressed charges against the owners of the popular derivatives exchange BitMEX. The CFTC charged Arthur Hayes, Ben Delo,...