Tag Archives: btcusd

Bitcoin has come a long way since it was first introduced to the world when its pseudonymous creator Satoshi Nakamoto published the whitepaper. In its first days of trading in 2010, BTC had a price of around $0.003.To those who have been in the market long enough, this price seems like that of many altcoins with an ambiguous background. However, at the time of this writing, Bitcoin trades at around $9,300, charting an unprecedented increase in the past decade.Bitcoin Was $0.003 10 Years...

A designated team at Cambridge University has just released The Bitcoin Mining Map. The digital tool shows the geographical location of Bitcoin hash rate distribution and the countries where it’s concentrated.The Bigger PictureThe tracking tool enables users to locate and keep an eye on the monthly share of the global hash rate of different countries, starting from September 2019. The bitcoin tracker will also provide users with an additional second map consisting of focused, detailed and...

A record-breaking number of 210 Bitcoin options contracts were traded yesterday on the Chicago Mercantile Exchange, which set up a new all-time high of nearly $10m. Of the total amount, 202 contracts were May calls (bullish), while 8 were May puts (bearish).CME Bitcoin Options Volume On The RiseCME launched options on Bitcoin in January this year. Despite a promising start with massive volumes, the platform has struggled to maintain consistent numbers of traded contracts.Moreover, following...

Bitcoin’s price has been recovering steadily since the crash in mid-March. With it, most of the altcoins are also growing, charting notable increases altogether. However, BTC is also taking over the market as its dominance has been going up continuously.Bitcoin Dominance Highest Since January 2020Bitcoin’s dominance is the index that measures the cryptocurrency’s relative share of the entire market. At the time of this writing, it stands at 66.02%, and it hasn’t been higher than this since...

Prominent American economist and well-known Bitcoin critic, Peter Schiff, believes that the price of the asset will drop following the upcoming halving. He reasoned that the demand will fall after the event, which will result in a bearish BTC future.Schiff Predicts A Price Drop For BTC (Again)As Cryptopotato reported recently, the primary cryptocurrency is outperforming gold in terms of yearly gains. Although both assets have marked increases in 2020, BTC is up by 23%, while the precious...

Over the past two days, Bitcoin price seems to be consolidated in a triangle pattern, as can be seen below on the following shorter timeframe chart (the 4-hour).The symmetrical triangle consolidates around the $9000 benchmark, where its apex is anticipated somewhere in the next day. However, as we learned before, Bitcoin might break of the pattern even before reaching the apex.Overall, there is an ongoing ‘fight’ between the buyers and the sellers that will get even more exciting as we are...

Some of the most popular cryptocurrency-related channels on YouTube indicated that the giant video platform is shadowbanning Bitcoin videos. Several YouTubers complained that the new practice began two days ago, which coincides with a recent core update from Google.YouTube Reportedly Shadowbanning Bitcoin VideosThe most widely used video-sharing platform has a continuous quarrel with cryptocurrency content creators. The so-called “Crypto Purge” popped initially late 2019, when YouTube began...

New-York based crypto lending startup BlockFi has hired two traditional finance executives in a move to expand both its institutional and consumer-facing products. The company, which announced a $30 million funding round in February, on Tuesday, revealed Wittney Rachlin as its new chief growth officer, and David Olsson is its global managing director.Olsson To Lead BlockFi’s Pushing To Win More Business In EuropeIn the announcement regarding its $30 million funding, the company said it had a...

Polls surveying over 15,000 people suggest that the majority believe Bitcoin’s price is likely to dump as the halving happens and skyrocket later on. This coincides with the behavior of the cryptocurrency following the previous halvings.Mooning Postponed, Bitcoin Will Dump At HalvingA few well-known members of the cryptocurrency community recently initiated polls to see what do users think will happen to Bitcoin’s price at and after the upcoming halving.The first poll cited the halvings of...

A new analysis implies an inverse correlation between the price of Bitcoin and the total supply of USDT on cryptocurrency exchanges. According to it, the declining amount of Tether sitting on exchanges could soon propel another increase in BTC’s price.Bitcoin’s Price Related To USDT On Exchanges?New data compiled by the cryptocurrency monitoring company, Santiment, relates the movement of Bitcoin’s price over the past three months to the total supply of USDT on exchanges.BTC Price/USDT On...