Day: December 31, 2020

CHRISTMAS BITCOIN (BTC) ANALYSIS!!! Cryptocurrency Analysis 2020

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io A big MERRY CHRISTMAS to all watching who celebrate and happy holidays to everybody!! In this video today, let’s look at Bitcoin (BTC) right before the end of the year and dive into what some bullish and bearish cases can look like. Overall, we’re not looking at too crazy price predictions for Bitcoin (BTC) as we close out the year. It’s likely there won’t be any significant news to push markets. Everything is still a go for holding a consolidation range. Analysis…

$30K BTC price imminent? This Bitcoin hodler metric hints at the next rally peak

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Bitcoin (BTC) HODLer volume has marked previous tops and the start of bull cycles. As the dominant cryptocurrency heads towards $30,000, HODLer activity could be a useful tool to potentially gauge BTC’s next peak. Since October, as Cointelegraph reported, the HODLing activity of Bitcoin has continuously increased. Fewer HODLers have been moving their holdings, which indicates an overall bullish market sentiment. Bitcoin HODLer volume. Source: Whalemap Why HODLer activity is important to assess Bitcoin market sentiment The term “HODLer” refers to long-time holders of Bitcoin. It is possible to track…

EToro USA Becomes Latest Exchange to Suspend XRP Trading

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The U.S. division of Israeli crypto exchange eToro is suspending XRP trading for its customers effective next month. The exchange announced Wednesday it would stop facilitating XRP purchases or conversions for U.S. customers effective Jan. 3, though customers can still withdraw XRP from their eToro wallets to other unaffiliated addresses. It’s he latest crypto trading venue to suspend XRP support in the U.S. after the Securities and Exchange Commission (SEC) sued Ripple earlier this month on allegations that it has been selling XRP as an unregistered security for over seven…

Cover Protocol announces compensation plan following mining contract attack

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Peer-to-peer coverage market Cover Protocol has published a compensation plan for tokenholders and liquidity providers affected by the recent hack. As part of the process, the Cover Protocol team took a snapshot at block height 11,541,218, the last transaction block before the exploit began. Eligible liquidity providers on Uniswap, SushiSwap and Balancer will receive new COVER tokens based on their share of the liquidity pool on those platforms. Liquidity providers on the first two platforms will also receive a share of the Ether (ETH) returned by “white hat” exploiters like Grap.Finance.…

Bitcoin (BTC) vs Gold | What Are Investors Investing Into? Token Metrics AMA

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #Bitcoin #Gold #Investing Bitcoin (BTC) vs Gold. What are investors investing into? Sign up for Token Metrics at Token Metrics Media LLC is a regular publication of information, analysis and commentary focused especially on blockchain technology and business, cryptocurrency, blockchain-based tokens, market trends, and trading strategies. Be sure to subscribe and like the video to let us know you like the content! Sign up for Token Metrics at ✔ Podcast: ✔ Blog: ✔ Forum: Follow us on social media below: ► Telegram…

Top 10 crypto and blockchain stories of 2020

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The COVID-19 pandemic dominated the news in 2020, affecting myriad sectors — health, economics, social justice, politics and trade, as well as the cryptocurrency and blockchain industry. As country after country locked down to halt the virus’s spread, governments seized upon stimulus payments to preserve economic life.  While necessary, these measures raised the specter of global inflation. This, in turn, pushed many traditional investors and institutions to take a new look at cryptocurrencies as an alternate store of value, especially Bitcoin (BTC), the top crypto. Following a March 11 dip,…

Bitcoin and Ether Market Update December 31, 2020

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Total crypto market cap added $40 billion to its value for the period since Monday morning and now stands at $763.8 billion. The top ten coins are all in green for the last 24 hours with Polkadot (DOT) leading the pack with a 13.9 percent increase. At the time of writing bitcoin (BTC) is trading at $29,000 on the Bitstamp daily chart, ether (ETH), at $774. Ripple’s XRP continues to be underwater, at $0.221. BTC/USD Bitcoin closed the trading day on Sunday, December 27 at $26,227 in what was its…

Fears of Bearish Correction Loom as Bitcoin OTC Deals Plunge

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Bitcoin faces the prospects of undergoing a massive downside correction as on-chain data shows a plunge in its over-the-counter deals. According to data fetched by CryptoQuant, the total amount of Bitcoin tokens flowing out of Coinbase Pro’s addresses to their newly-created custodial cold wallets has decreased ever since BTC/USD crossed above $23,000. Coinbase Pro Bitcoin Outflow chart. Source: CryptoQuant As CryptoQuant’s CEO Ki-Young Ju noted earlier, these wallets hold Bitcoin for major crypto-enabled firms like Genesis Trading (which buys Bitcoin for Grayscale Investments, one of the largest crypto accumulators) and…

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Gold Bug Peter Schiff’s Understanding of Money is Flawed, Says His Pro-Bitcoin Son

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Gold bug Peter Schiff has been publicly confronted by his 18-year-old son, a bitcoin proponent, on the topic of value. Calling his dad’s understanding of money “Flawed,” Spencer Schiff made the statement in defense of TV Personality Max Keiser, who was having an argument with Peter on Twitter. ‘Your Understanding of Money is Flawed’ Gold bug Peter Schiff was confronted by his son, Spencer Schiff, on Monday after he accused TV personality and bitcoin proponent Max Keiser of not understanding the concept of fiat money. “According to Max Keiser, I…