Day: October 20, 2020

Here’s the Overlooked $8.5 Trillion Investor Group That Could Boost Bitcoin

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Bitcoin has been seeing massive inflows of capital from large investors and corporations throughout 2020, which may be what has allowed its price to trade well above where it started the year – despite the turbulence seen in the early months. There’s a strong possibility that BTC will continue gaining adoption amongst non-retail investors in 2021 as well, with the trend of it being a reserve asset only gaining traction as more companies, funds, and large investors acquire it. Retail investors are also rapidly turning to Bitcoin to protect against…

Cryptographers Are Always Going to Be ‘One Step Ahead’ of Regulators: Monero’s Spagni

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While regulators are trying to restrict privacy in crypto, their efforts may be futile, according to privacy-centric protocol Monero’s maintainer, Riccardo “Fluffypony” Spagni.  “The U.S. Internal Revenue Service (IRS) wants the same level of insight [into monero] as they have over digital dollars in bank accounts; however, cryptographers and researchers are always going to be one step ahead on privacy,” Spagni told CryptoX.  Launched in April 2014, monero (XMR) is a private, secure and untraceable cryptocurrency. The protocol allows transaction participants to obfuscate their identities and hide the amounts transferred…

“Old Hands” Sold The Bitcoin Bottom And Are Selling Again Now

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Bitcoin price is at a pivotal moment, about to potentially confirm a break out into a new bull market. Yet for some reason, coin dormancy, what one analyst calls a measure of “old hands” selling, is reaching a high level currently. These holders sold the Bitcoin bottom fearing lower prices, but why then are these same “old hands” selling again now with a rally on the horizon? “Old Hands” That Are Anything But Weak Chose Now To Sell Bitcoin, But Why? The cryptocurrency market is a wild west of weirdness,…

Top DeFi Coins Crater 5-10% Despite $400 Bitcoin Price Jump

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Bitcoin has soared higher over the past few days. After bottoming at $11,200 late last week after the OKEx news, the cryptocurrency has mounted a comeback. As of this article’s writing, the coin trades for $11,750, around $400 higher than it was trading just 36 hours ago. The coin briefly surpassed $11,800 earlier today but was rejected as the U.S. dollar underwent a slight bounce amid stimulus uncertainty. Bitcoin has begun to decouple from traditional markets to some extent, with BTC actually rallying while most other risk-on assets like the…

Bitcoin Sees Significant Breakout as Analysts Claim “$13,000 is on the Table”

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After an extended period of consolidation that provided little insight into Bitcoin’s near-term outlook, the cryptocurrency was able to post a breakout rally that has since sent its price surge towards $11,700. This move carried significant weight, as it took place in the absence of an uptrend seen by the traditional market. Analysts are now widely noting that further upside could be imminent in the near-term, as BTC is now stable above its key resistance that previously sat around $11,600. So long as this level is flipped into support and…