Day: April 10, 2020

Chainlink (LINK) Rallies 149% Since March Bitcoin Price Crash

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This week Chainlink (LINK) is on an absolute tear, gaining 47% over the past four days on strong purchasing volume. The price had dropped by a massive 63.50% from March 11 to March 12 and bottomed at $1.35 on March 13. Since March 13 LINK has rallied 149% and at the time of writing the digital asset was up 6.65% for the day.  Other than the entire crypto market recovering from deeply oversold conditions, the recent announcement of new partnerships with decentralized finance giant Celsius, and Fantom could possibly be…

Can This Double Bottom Spark Bitcoin Rally Above $7,500?

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Bitcoin is still struggling to clear the $7,400 and $7,500 resistances against the US Dollar. BTC price must stay above $7,080 to rally above $7,500. If not, it could decline heavily below $7,000. Bitcoin is trading in a contracting range below the $7,400 resistance against the US Dollar. A crucial breakdown support is forming near the $7,080 level. There is a major bearish trend line forming with resistance near $7,340 on the hourly chart of the BTC/USD pair (data feed from Kraken). It seems like there is likely a double…

First Public Bitcoin Fund Listed on Toronto Stock Exchange

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Canadian asset manager 3iQ has become the first firm to launch a fund tied to Bitcoin (BTC) on the Toronto Stock Exchange (TSX), after three years of legal wrangling. ‘The Bitcoin Fund’ listed nearly 1.5 million Class A ‘QBTC.U’ shares on TSX on April 9. The fund’s shares are currently trading for around $11 each. On April 10, entrepreneur and crypto investor Tyler Winklevoss tweeted that The Bitcoin Fund’s launch on TSX was historic as it is “the first public Bitcoin fund listed on a major stock exchange.” The Winklevoss…

Bitcoin.com Games Invites You to Celebrate Easter With a 3-in-1 Promotion

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In-Between Bitcoin Halvings: Analyst Proves Bitcoin’s Price Not Bound to 4-Year Cycles Crypto traders and analysts have always looked to the halvings for some kind of clues in order to predict the future price of bitcoin. A number of traders also think that BTC price movements shift every four years and speculators … read more. Bitcoin Halving Capitulation: ‘Mining Death Spirals Don’t Happen in Real Life,’ Says Report As the bitcoin halving approaches, crypto-mining ‘death spirals’ and miner capitulation have become prominent topics among digital currency enthusiasts. Despite the trending…

Grayscale Ethereum Trust Trading at 515% Premium

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Investors are paying a 515% premium to buy Ether through the Grayscale Ethereum Trust. It costs $90.55 to buy a share in Grayscale Investments’ Ethereum Trust (ETHE), however its Ether holdings per share are currently worth just $16.10. That means it’s five times more expensive to buy Ether via the trust than on the open market. 04/09/20 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products. Total AUM: $2.5 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $XRP $ZEC pic.twitter.com/S68eNk8tEN — Grayscale (@GrayscaleInvest)…

Bitcoin SV Just Finished Its First Halving

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Bitcoin Satoshi’s Vision (BSV) just finished its first halving, roughly two years after forking from Bitcoin Cash (BCH) in 2018.  BSV completed its halving at approximately 01:30 UTC. This event marks the reduction of the coin’s block reward from 12.5 to 6.25 BSV.  Bitcoin forks halve one month before their father chain BSV’s halving comes just a short time after BCH’s halving event on April 8, and approximately one month prior to Bitcoin’s halving.  Bitcoin SV sits at a price of $210.87 , down from $225 on the day. Since its…

COVID-19 Apps on Blockchain (EOSIO)

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io COVID-19 (Corona Virus) testing, tracking, and search for vaccine is coming to EOSIO blockchains Telos, Europechain, and Liquid Chains. The Telos … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Top 10 Coins More Correlated Than Ever, but Decoupling From Gold

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Black Thursday has triggered two new trends in Bitcoin’s relationship with other cryptocurrencies and gold. Historically, cryptocurrencies have been highly correlated with one another, especially the top ones. The correlation between cryptocurrencies and gold has been traditionally weak. Source: Kaiko Two new trends emerge Since Black Thursday, two new trends have emerged: the correlation between Bitcoin (BTC) and the other nine cryptocurrencies has reached unprecedented levels, while the correlation between Bitcoin and gold has turned negative. Interestingly, even the correlation between Bitcoin and the Tether (USDT) stablecoin has gained in…