Tag Archives: BTCGBP

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,...

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...

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...

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...

Following the latest bullish developments in the cryptocurrency field, the UK Financial Conduct Authority has warned investors of the potential risks associated with investing in certain digital asset endeavors.The UK’s regulator has highlighted the risky nature of the industry and said that people should be prepared for worst-case scenarios, including losing all of their money.UK FCA Warns Investors About Crypto InvestingAlthough the cryptocurrency market saw vigorous price drops in the past...

It seems that the long-anticipated cryptocurrency correction has finally materialized as over $200 billion vanished from the market cap. Bitcoin plummeted to below $33,000, while most alternative coins have it even worse with massive double-digit price drops.Bitcoin Loses $9K In A DayAfter a highly volatile and positive first ten days of the new year, in which BTC broke above $40,000 for the first time and charted an all-time high of $42,000, the cryptocurrency headed south.During the...

The past 12 hours have been rather tense on the cryptocurrency market. Bitcoin, as well as other cryptocurrencies, went through a massive correction, resulting in almost $1.3 billion liquidations in 12 hours.This morning, Bitcoin was trading at over $41,000, even though it was seemingly trapped in a range between $39,600 and $41,500 for more than a day without any decisive moves in any direction.However, it all began a little more than 15 hours ago when the price tanked from $41,000 to about...

The number of bitcoins stored on cryptocurrency exchanges has been gradually decreasing while the number of BTC whales keeps increases. Having also in mind the aftermath of the halving and institutions purchasing massive quantities of the asset, it could lead to a significant liquidity crisis.Bitcoin Whales Behavior And BTC On ExchangesData from the monitoring resource CryptoQuant informs that the number of bitcoins kept on crypto exchanges has been continuously dropping for nearly a year.As...

After setting the current all-time high level at $42,000, according to Bitstamp, Bitcoin price saw a retracement to the $38K – $39K area followed by a quick recovery back above $40K over the weekend.However, despite reaching $41K earlier today, Bitcoin had plunged to a current low of $38,555 (Bitstamp) before recovering slightly to where it is trading right now – $39,500.Looking at the bigger picture and as shown on the following 4-hour chart, Bitcoin had broken below the rising channel and...