Tag Archives: btcusd

The gap between Bitcoin’s hashrate and its mining difficulty has led to a miners capitulation –  which could result in a major Bitcoin price dump.As pointed out by trader and popular YouTuber TheMoon, large discrepancies between hashrate and mining difficulty have typically resulted in a sudden departure of Bitcoin miners in the past. This, in turn, has historically been followed by a significant BTC price drop.Seen below is a chart analysis that points out the crossover between the moving...

The past 24 hours have been relatively calm for the leading cryptocurrencies by market capitalization. As of writing these lines, Bitcoin is trading today in a tight range around $9,200.From a technical standpoint, the range between $9,200 – $9,300 is the first significant resistance level for the primary cryptocurrency. If it breaks it successfully, then BTC would have to conquer $9,500, $9,600, and $9,800 as the next resistance levels, on its way to test the psychological mark of $10,000...

The large American multinational investment bank Goldman Sachs will host a conference call regarding Bitcoin, gold, and inflation. While precise information on the call’s content is limited, the massive bank appears to be the latest Wall Street-based entity to acknowledge the primary cryptocurrency.Goldman Sachs To Talk About BitcoinAccording to the invitation, the event will take place on May 27th, and it’s called “US Economic Outlook & Implications of Current Policies for Inflation,...

Upon printing billions of fresh USDT in the past few months, the most widely adopted stablecoin has become the third-largest cryptocurrency by market cap. Tether has now surpassed Ripple (XRP) with its nearly $9 billion market capitalization.In the meantime, Ripple, which was among the top three cryptocurrencies for the past years, had seen its market cap continuously dropping. Earlier this month, Ripple recorded its lowest 2-year price against Bitcoin.Tether Surpassing Ripple By Market Cap....

While most community members are focused on exploring the correlations between Bitcoin and traditional financial assets, Google Trends indicated rather compelling inverse correlations involving the primary cryptocurrency and some popular culinary dishes.Firstly, a digital asset proponent brought up BTC’s comparison with the traditional Japanese dish – Ramen. Literally translated as “pulled noodles,” it consists of Chinese wheat noodles served in a fish or meat-based broth, typically flavored...

New information suggests that local government authorities in the Chinese province Sichuan are seeking to ban cryptocurrency mining operations in the region.Contrary, sources familiar with the matter claim that these notices are misunderstood, and crypto mining will not suffer major negative consequences.A Region In China Clamps Down On Crypto Mining?The story began with the local media outlet PANews posting on Twitter the notice, which reads:“The Financial Administrative of the Sichuan...

Following our Thursday price analysis, Bitcoin had lost almost $1000 in one and a half days. This came straight after 3-4 failed attempts to break the $10,000 mark over the past two weeks.When you’re not breaking, and the attempts are losing strength, you will dump hard. This was the bad news; however, the good news is that a long-term ascending trendline saved Bitcoin, as of now.The ascending trendline, marked blue on the following daily chart, was started forming on March 12, 2020, when...

Bitcoin kissed the $10K mark goodbye this week as the cryptocurrency dropped to as low as $8,800 on Thursday, reaching the trend-line that was forming since the massive drop in March. As expected, BTC received strong support in that area, and its price quickly recovered to around $9,200, where it’s currently trading.The dump started suddenly as Bitcoin’s price flash crashed on Bitstamp and reached $9,100 in less than a minute. Even though it recovered after that, it turned out to be an...

Maker DAO just received an influx of almost 2,500 Bitcoin in the past 48 hours, as the number of Wrapped Bitcoin (WBTC) locked in the decentralized finance app increased by 1,921%.Maker DAO is a decentralized lending protocol on Ethereum, which issues the stablecoin Dai (DAI) in return for ETH-based collateral. Since BTC can be represented on Ethereum in the form of Wrapped Bitcoin, that means Bitcoin, too, can be used as ETH-based collateral on Maker DAO.On May 20, just over 130 Bitcoin were...

May 22, 2020, marks the tenth anniversary of the famous Bitcoin Pizza Day, in which a Florida man made the first recorded physical purchase using Bitcoin. On this day in 2010, Laszlo Hanyecz, made a mark in history after he paid 10,000 Bitcoin, which is worth millions of dollars today, for two large Papa John’s Pizzas. Hanyecz is a programmer and a Bitcoin miner who contributed to Bitcoin’s source code during the early days of the network when 1 BTC was less than a penny. 10,000 BTC Was Worth...