Day: May 20, 2020

Market Wrap: Bitcoin Rebounds to $9,500 After Scary Sell-off

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Bitcoin suffered a quick sell-off on Wednesday after a previously dormant address moved some of the earliest-mined coins for the first time. While bitcoin’s price has recovered a bit, downward selling pressure remains and could have an impact on stakeholders, especially in the derivatives and mining sectors. As of 20:00 UTC (4 p.m. ET), bitcoin (BTC) was trading at $9,529, a loss of 1.2% over 24 hours. Bitcoin moved below its 10-day and 50-day moving averages on high selling volume. It’s a signal of bearish sentiment after bitcoin dropped as…

Fran Finney & Others Deny Moving Possible ‘Satoshi’ Bitcoin

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Recent Bitcoin (BTC) transactions sent from an 11-year-old wallet were not those of famed computer scientist Hal Finney, as confirmed by Finney’s wife Fran.  “Very odd,” Fran Finney told Cointelegraph when questioned on the recent transactions sent from a Bitcoin wallet that, prior to today, sat untouched for more than a decade. “These were not coins my husband mined and we had nothing to do with this,” she added.  Hal Finney died from amyotrophic lateral sclerosis, or ALS, in 2014. Finney’s wife Fran works with the ALS Association, an organization devoted…

One Top Crypto Prepares to Lift Off as Social Engagement Metrics Explode

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Most of the top cryptocurrencies by market capitalization have been able to outperform Litecoin since March’s Black Thursday. Since then, Bitcoin and Ethereum are up by more than 130%. Even XRP has been able to recover most of the losses incurred during the marketwide meltdown as it rose by nearly 88%. Meanwhile, the seventh-largest crypto is up only 84%. Such an upward advance is quite significant, but when compared to the rest of the market, it seems minuscule. Regardless, on-chain metrics reveal that Litecoin could be preparing for liftoff. Litecoin’s…

[#AMA | 8 May 2020] LIVE CRYPTO – Kevin MURCKO – CoinMetro CEO

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Join CoinMetro CEO, Kevin Murcko, as he discusses the most recent crypto news! Kevin talks about what happened in the crypto market this week, gives insights into how CoinMetro is doing and what are our plans for the upcoming weeks. He also explains a new crypto topic every week. You can ask your questions live or post them on CoinMetro subReddit. #bitcoinprice #bitcoinnews #livenews #bitcoinnews #livechat #cryptocurrency #cryptocurrencies #cryptocurency #cryptocurrancy #cryptonews #cryptocurrencynews #cryptonomicoin #cryptomonnaie #cryptoguru #cryptoregulation 🔔 Subscribe to the CoinMetro channel…

BIGGEST Bitcoin Move Coming?! Famous Investor Buys Cryptocurrency! BTC News + Price Analysis Bybit!

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Bitcoin Price Drops 5% After Rejecting at Key $9,900 Resistance

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Within the last hour Bitcoin (BTC) price abruptly dropped 4.9% from $9,800 to $9,324. The sharp correction came after the top ranked digital asset on CoinMarketCap failed to push through the $9,900-$10,000 resistance zone.  At the time of writing traders appear to be viewing the pullback as a dip buying opportunity, possibly due to the boost in bullish sentiment brought about by yesterday’s golden cross between the 50 and 200-day moving averages.  Crypto market weekly price chart. Source: Coin360 Interestingly, prior to the 5% correction, crypto-Twitter was abuzz with discussion…

Price Drops 7% in an Hour After Bitcoin Sees a Ghost

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Bitcoin was spooked by a ghost Wednesday, tumbling 7% in the span of an hour on reports a previously inactive address dating to the blockchain network’s earliest days had transferred more than $300,000 of the cryptocurrency.  The scare brought a quick end to bitcoin’s four-day rally. Prices for the largest cryptocurrency by market value fell to around $9,500 as of 17:15 UTC (1:15 p.m. in New York) from $9,788 on Tuesday. Earlier Wednesday the rapid sell-off took bitcoin as low as $9,100.     Wednesday’s tumble was most pronounced on Luxembourg-based exchange…

MASSIVE REVERSAL COMING? WILL MINERS CAPITULATE? ALTCOIN BOOM POST HALVING? AVOID THIS AT ALL COSTS!

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Many People Know About DeFi, But Few of Them Use It

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Cryptocurrency price aggregator CoinGecko conducted a survey with almost 700 of its users to learn more about the trends in decentralized finance (DeFi). The report, published on May 20, highlights that many cryptocurrency users heard about DeFi and some of its better known projects, but few of these are actually using it. Out of its sample of 694 respondents, only 11% said they haven’t heard anything about DeFi.  Unsurprisingly, the most well-known and used DeFi app — as defined by CoinGecko — is MetaMask. About 72% of respondents heard of…

JPMorgan Servicing Crypto Firms Opens a New Frontier

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As the largest among the United States’ “Big Four” banks, JPMorgan Chase comes across as an unlikely ally to digital asset service providers seeking to break through the glass ceiling still separating traditional and crypto finance. When the news broke on May 12 that the bank has been serving U.S.-based crypto exchanges Coinbase and Gemini since April, some digital finance experts saw it as a sign that the relationship may finally be thawing. Despite JPM’s CEO Jamie Dimon consistently disparaging cryptocurrencies’ aptitude as a financial instrument, the institution has not…