Tag Archives: BTCGBP

This year has certainly been a test of the Ethereum network, pushing it to its limits under unprecedented loads. Users have been disgruntled with sky-high gas fees, but other on-chain metrics have been good for the overall Ethereum ecosystem.Economic Activity SurgesA recent report by analytics firm CoinMetrics has revealed that Ethereum has flipped Bitcoin in terms of seven-day average weekly transfer, which has now reached $3.08 billion compared to $3.01 for BTC.ETH’s 7-day average adjusted...

Bitcoin has followed Wednesday’s increases on Wall Street and has risen to about $10,400. Most altcoins are also in green, as the total market cap sees a $22 billion addition over the past day.Ethereum, Polkadot, and Chainlink surge by approximately 10%, while DeFi tokens lead the way with the most gains, as YFI touches the 3 BTC mark once again.ETH Above $370The altcoin market sustained some severe losses in the past week. Nevertheless, they are displaying signs of recovery today, with green...

A report compiled by the blockchain forensics company Chainalysis indicated that cryptocurrency adoption is growing globally. By exploring four key metrics and separating the data country by country, the firm’s Global Crypto Adoption Index 2020 showed that Ukraine, Russia, and Venezuela lead the way.The metrics take into consideration the purchasing power parity (PPP) per capita. They measure on-chain cryptocurrency value received, on-chain retail value transferred, the number of on-chain...

Macro-scale data reveals that the correlation between gold and Bitcoin has surged in 2020, registering a new all-time high.Although both assets are in the green year-to-date, Bitcoin is still outperforming the precious metal, despite the recent price drop.BTC-Gold Correlation At ATHAccording to data from the analytics company CoinMetrics, the 60-day correlation between Bitcoin and gold has reached a new all-time high at over 0.5. After the metric bottomed at below -0.3 during the mid-March...

Bitcoin and cryptocurrency exchange Kraken says that the drop in BTC’s volatility is not the end of the story. Historical observations suggest that after losing gains and remaining lifeless on the trading front, Bitcoin will galvanize into action soon, to end the year on an explosive note.Despite September Crash, Kraken Bitcoin Volatility Report Has Optimism Written All Over ItA few hours ago, cryptocurrency exchange heavyweight released its August 2020 Bitcoin volatility report. As per the...

Bitcoin has had a rough week of trading. Roughly about eight days ago, the cryptocurrency was hovering above $12,000, causing many to believe that the bull run will take it above the current yearly highs and push forward.The entire community was ecstatic, and there were little to no signs of bearish sentiment. As it’s commonly the case, however, things took a turn for the worst as peak euphoria usually leads to maximum pain, according to a popular cryptocurrency analyst.A Trading Lesson to...

A popular cryptocurrency analyst pointed out that Bitcoin tested the 20-week moving average (MA) on its recent move down from $12,000 to $10,000. This could turn out to be a bullish sign for BTC, as identical price developments have pumped it higher during the last bull market in 2017.Bitcoin’s Recent Price DropsAfter dumping to below $3,700 during the massive selloff in March, Bitcoin went on a roll. The primary cryptocurrency recovered its losses in a few months as the bulls took control....

The total USD value locked in DeFi may have taken a hit after topping at $9.5 billion. But that hasn’t stopped the proliferation of tokenized Bitcoin tokens on the Ethereum blockchain.Data shows that the ‘BTC on Ethereum’ number has now gone up to a little over 72,000. That implies that around $750 million worth of Bitcoin is doing rounds on Ethereum.‘BTC on Ethereum’ Number Going up ExponentiallyAccording to data published by Elias Simos on the on-chain analytics platform, Dune Analytics,...

The Australian Securities and Investment Commission (ASIC) has banned an Australian national from working in the financial sector. According to the watchdog, John Louis Anthony Bigatton operated as the Director of Australia Promotions for the notorious cryptocurrency scam – BitConnect.Aussie National Banned For BitConnect ParticipationAs CryptoPotato reported last year, the Australian corporate regulator cracked down on the alleged BitConnect promoter John Bigatton. At the time, the Federal...

So much for ‘this is the last time you’ll see Bitcoin under five figures”.Bitcoin price is now hovering along the top of the unfilled CME gap at $9,925, and looking very likely that it will break down to $9,665 soon to close it off. This anticipation of more downside in the short-term has been reflected by the global crypto market capital, which has fallen by a further $15 billion in the last 24 hours.It is hoped, however, that once the gap is filled, there will be nothing holding back the #1...