Bitcoin Analyst Tone Vays Says Crypto Market Surge May Have No Specific Catalyst

Bitcoin (BTC) analyst Tone Vays said that the recent cryptocurrency market surge may have no specific catalyst, and that lower prices could still be in the cards in an interview with Cointelegraph on April 2. Speaking about a possible driver of Bitcoin’s spike on the night of April 2, Vays said that there is not always a trigger, arguing that it could be just speculation and that “Bitcoin is no different than any other asset.” Vays stated that he had always expected Bitcoin to escalate to $5,000 once it crossed…

Report: Bitcoin [BTC] Wallet Activity Spiked Week Before Bull Run

Despite analysts scrambling to find the reason behind Bitcoin’s most recent price rally, during which the currency increased 25 percent in the span of days, one firm is pointing to wallet activity as a sign of increased adoption. According to market intelligence firm Flipside Crypto, digital wallet activity for Bitcoin and other cryptocurrencies saw a spike in activity over the previous two weeks. The wallet activity gives some indication in an uptick of user activity and industry adoption, even before the most recent bullish turn in valuation. Historically, around 40…

Number of Active Bitcoin Wallets Increased Prior to Crypto Market Surge

The number of active Bitcoin (BTC) wallets increased in the two weeks leading up to the recent cryptocurrency surge, Bloomberg reported on April 3. Citing market intelligence firm Flipside Crypto’s analysis, Bloomberg reported that a high number of digital wallets holding Bitcoin became active two weeks before the cryptocurrency market rally. Bitcoin skyrocketed on April 2, gaining 15 percent over the night and pushing over $4,500 for the first time this year. According to Flipside Crypto, 40 to 50 percent of all Bitcoin had been held in digital wallets that…

Brexit and April Fool’s Joke Possible Catalysts for Crypto Rally, Crypto Reporter Says

Hong Kong-based crypto reporter Eric Lam believes nobody in the crypto industry has a good theory to explain the recent recovery of crypto markets. Lam shared his stance with Bloomberg on April 3. On Tuesday, April 2, shortly after the Asian markets opened, the price Bitcoin (BTC) unexpectedly rallied by 20 percent. Today the world’s top currency hit $5,000 for the first time since November 2018, while major altcoins have seen double-digit gains. Lam has ironically linked the uprising to a crypto-related April Fool’s Day story, which claimed that the…

Brexit and April Fool’s Joke Possible Catalysts for Crypto Rally, Crypto Reporter Says

Hong Kong-based crypto reporter Eric Lam believes nobody in the crypto industry has a good theory to explain the recent recovery of crypto markets. Lam shared his stance with Bloomberg on April 3. On Tuesday, April 2, shortly after the Asian markets opened, the price Bitcoin (BTC) unexpectedly rallied by 20 percent. Today the world’s top currency hit $5,000 for the first time since November 2018, while major altcoins have seen double-digit gains. Lam has ironically linked the uprising to a crypto-related April Fool’s Day story, which claimed that the…

For the First Time in 442 Days, Key Bitcoin Indicator Shows Positive Sign

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. The bitcoin price just accomplished something it failed to do every day for more than a year, and it has speculators foaming at the mouth. For the first time in…

The SEC Guidelines are HERE! Release of Crypto Token Guidance

It’s been nearly six months in the making and now the US Securities and Exchange Commission (SEC) has finally published its regulatory guidelines for token issuers. Though many questions remain unanswered, crypto enthusiasts have finally got some clarity on the issue of “tokens as securities.” SEC Guidelines The SEC Guidelines focus on tokens and how and when they may be classed as a security. It includes examples of networks and tokens that fall under security laws, as well as examples of those that don’t. It outlines a number of elements…

Bitcoin Price | BTC Extends Rally On Strong Momentum, Now What?

Bitcoin price is going up again on Wednesday, extending Tuesday’s monster rally of over 15%. Early Tuesday morning, BTC ballooned to about $5,080, breaking its long-term resistance level of $4,200. For months now since its infamous crash last year, BTC has struggled to surpass the $4,200 mark, and this begs the question as to whether the cryptocurrency pack leader is en route to its former glory. At the time of writing, Bitcoin price is trading at $5,060, up 4.86%. Is It a Steady Rally? It is not clear what might…

Bloomberg, CNBC Both Snuff Bitcoin (BTC) After 20% Spike

Mainstream Media FUDs Bitcoin Bitcoin (BTC) spiked by 20% over the past 72 hours, pushing the cryptocurrency above $5,000, and mainstream media seems to be back with pushing FUD. In a recent comment given to CNBC Make It, Peter Mallouk, the president of Creative Planning, a wealth management firm, overtly lambasted BTC. He explained that the market is “most likely” to see “cryptocurrencies collapse,” from coins like BTC and Litecoin to Ethereum and Ripple’s XRP. Mallouk adds that he sees no logical way that “even a fraction of them” somehow…

40 Central Banks Are Considering Digital Currencies, Blockchain Tech

Dozens of central banks around the world are currently or soon will be experimenting with central bank digital currencies (CBDCs), according to a recent report from the World Economic Forum. Citing a January 2019 report by the Bank for International Settlements (BIS), the WEF states that at least 40 central banks across globally are conducting research projects and pilots with blockchain technology that aim to address such issues as financial inclusion, payments efficiency and cybersecurity. The report states that CBDCs, which are issued on distributed ledgers and can be transacted…