Tag Archives: btcusd

The last day will not surprise those who are following CryptoPotato since 2016, or those of you who had witnessed at least one real Bitcoin bull-run.When the primary currency decides to turn on its engines – it does it faster than any other asset existing on Earth, or on the blockchain. Bitcoin is now fully recovered from the COVID-19 damage, long before the stock markets.This is the advantage of being a free market’s asset. The same advantage that caused Bitcoin to sink over 50% on March 12...

Binance exchange had seen an all-time high in daily trading volume of more than $12 billion exchanged over the past 24 hours as of April 29th, 2020. The last time the exchange had seen volume at the current levels was in January 2018.According to Changpeng Zhao (CZ), the CEO of Binance, the last time the daily volume spiked over $11 billion was during January 2018, which was the peak of the famous 2017 crypto bubble.As per the data from CoinMarketCap, Binance saw over $12 billion of daily...

KFC announced its status as the first quick-service restaurant (QSR) in the MENA region to implement an innovative blockchain platform for its digital advertising and media buying. Ads, the backbone of any direct to consumer business, will have greater transparency through the new blockchain-based framework that KFC will implement.KFC’s Foray Into Blockchain-Enabled Ad BuyingThe digital advertising industry is fraught with conflict of interest. Companies can “fake” impressions and clicks...

The levels of confidence in European countries in cryptocurrencies are on the rise amid the global impact caused by the COVID-19 pandemic. A recent poll on the matter concluded that 66% of Europeans believe digital assets will still exist and have a role in the next ten years.Europeans Believe In CryptocurrenciesThe poll conducted by the popular cryptocurrency exchange, bitFlyer, surveyed 10,000 people from 10 European countries on their opinion and views on the future of digital...

For those of you who are trading crypto for a few years, it will not be a surprise. While Bitcoin saw its worst day during March 12, 2020, resulting in more than 50% intra-day loss, it felt like a matter of time until Bitcoin will make its pave back to $8K – the price it was at before the collapse.Just an hour ago, Bitcoin did it: It took a little more than 1.5 months, but Bitcoin captured the $8,000 once again. 120% ROI.As we have seen in our previous price analysis, the bullish momentum was...

Bitcoin’s stock-to-flow (S2F) model has become one of the most popular formulas based on monthly S2F and price data. It activated various analysts across the world as many have verified the actual relationship between Bitcoin’s price and its stock-to-flow ratio.Now, the analyst who originally came up with it has presented a new model that puts Bitcoin’s price at $288,000 by 2024.The Original Stock to Flow ModelAs CryptoPotato reported last year, a popular analyst PlanB came up with a detailed...

Binance, the world’s largest cryptocurrency exchange by trade volume, is unrelenting in its rapid expansion drive in the crypto industry. The exchange has officially launched a crypto mining platform dubbed “Binance Pool,” a move that will likely challenge top mining pools in the industry.Binance CEO Changpeng Zhao (CZ) shared updates about the new mining platform last week Friday, saying that the Binance Pool has been launched in a closed-beta phase with its first block of Bitcoin already...

A recent report by Bloomberg says it might be time for a 2017-like bull run for Bitcoin. According to the document, interest in BTC is increasing while the market is maturing in time for the 2020 Halving, winking at the previous event of the kind that took place in 2016.Becoming The Digital Gold, After a High-Five With The Precious MetalIt might be the digital currency’s ready-get set-go for a bullish run, the report predicts. It emphasizes that BTC probably has what it takes to become “the...

Bitcoin starts the week following a bullish weekend. Just as anticipated, Bitcoin broke above the $7600 to a new price high since the devastating collapse on March 12. As of writing these lines, Bitcoin marks $7800 (Bitstamp) as the new high.Following our previous BTC analysis from Saturday, we can see that Bitcoin broke above the 4-hour chart’s marked triangle (at $7600) and quickly reached the prior high of $7750, and even created a fresh high.The bullish momentum is seeing back-winds from...

Bitcoin futures contracts allow traders to speculate on the price of Bitcoin without necessarily have to own it. They are a derivative product that gained serious popularity in the past years.Traders are always looking for information that would give them an edge in the market. Arguably, the most valuable data is that which offers an insight into what other traders are doing.Open Interest (OI) could provide some of this information with appropriate interpretation. Understanding it and its...