Day: January 12, 2021

CEX, Lies and Videotape: Binance Accuses Rivals of Fighting Dirty

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While many U.S. crypto exchanges are using the latest bull run to spruce themselves up in hopes of impressing institutional investors and regulators, China’s so-called “Big Three” centralized crypto exchanges (CEX) – Binance, Huobi and OKEx – are slinging mud at each other.  The latest flap is over a bogus video that purports to show a single sell order of 21 million bitcoin on Binance on Jan. 4. The clip went viral last week on WeChat, a popular China-based social media platform. A screenshot of the video viewed by CryptoX…

Here’s why IOST, Horizen (ZEN) and Avalanche (AVAX) surged as Bitcoin crashed

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Bitcoin’s (BTC) recent plunge could have been caused due to profit-booking by institutional investors, according to a report by crypto fund manager CoinShares. The report noted a sharp drop in institutional inflows during the first week of the new year and weekly outflows from several crypto investment products. Crypto market data daily view. Source: Coin360 While the recent 28% decline may have scared some new investors, Bitcoin HODLers were likely unfazed as they’ve encountered six larger corrections during Bitcoin’s massive bull run in 2017. Therefore, describing a 20% fall as a…

Gary Gensler, MIT blockchain professor and Obama’s CFTC chair, to head Biden SEC

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President-elect Biden has finally decided on his nominee to head the Securities and Exchange Commission. At least according to Reuters’ anonymous sourcing in a Tuesday report, Gary Gensler will be Biden’s nominee as SEC Chair. During the Obama administration, Gensler was the chairman of the Commodity Futures Trading Commission, in which capacity he was in charge of enforcing the many new provisions of the Dodd-Frank Act that followed the 2008 financial crisis. Gensler has spent most of the Trump years at MIT, teaching courses on digital assets and blockchain. If…

Bitcoin BREAKOUT Coming Very Soon!! [My Exact Price Target!] (Cryptocurrency Trading Analysis News)

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Bitcoin Daily MACD Flips Red For First Time Since $20K Was Taken

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Bitcoin yesterday saw its largest daily red candle in its history in terms of total dollars moved. Today, the selling has continued, and it has caused the MACD to turn bearish for the first time since the leading cryptocurrency by market cap took out $20K. Is this a sign of a short term reversal, or is the top of the bull market already here? Here’s what the Moving Average Convergence Divergence indicator says about the recent price action in crypto. Have Bitcoin Bears Regained Control Of The Top Cryptocurrency? Bitcoin…

Goldman Sachs says Bitcoin is on the path to maturity

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In an interview with CNBC, Currie said Bitcoin’s remarkable run has attracted greater institutional interest, but noted that smart-money investors are still a tiny fraction of the overall market. They will need to come in droves for Bitcoin to become a stable asset and avoid a flash crash like we saw earlier this week, he said. “I think the market is beginning to become more mature,” Currie said of Bitcoin, adding that “volatility and those risks that are associated with it” are common for nascent assets. He continued: “The key…

Crypto Prices Show Signs of Recovery, Market Analyst Says ‘Bitcoin Remains in a Healthy Place’

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Bitcoin and a number of other cryptocurrencies have regained some of the percentage losses they suffered this past Monday, as various crypto assets are up today between 5-25% in value. On Monday, the crypto economy dipped under the $800 billion handle after the entire market cap fell from its trillion-dollar valuation. Today, the overall market valuation of all 7,500+ digital assets in existence is hovering just above the $900 billion mark. Digital currency markets saw some deep losses this past Monday, as the trading sessions on January 10 and into…

Employment Report, Market Commentary, and Bitcoin | ITK with Cathie Wood

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io On episode X of “In the Know” (Dec. 4, 2020), ARK CEO/CIO Cathie Wood weighs in on the employment numbers, senate election impact, and provides her latest market commentary. She also discusses ARK’s point of view on fiscal policy, monetary policy, market signals, economic indicators, and innovation. Listen to ARK’s podcast with guest Muji on Big Data, the Future of Analytics, and Snowflake: Read ARK’s Bitcoin White Papers Part 1: Part 2: While the market remains in a state of heightened volatility,…

Underhyped? Bitcoin sentiment lags despite bull run

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Since its drop below $4,000 in March 2020, Bitcoin (BTC) has ridden a bullish trend all the way past its 2017 all-time high, recently hitting almost $42,000. During that time, however, Bitcoin’s Twitter activity has underperformed in comparison to its price.  Looking at information from crypto data outfit The TIE indicates that Bitcoin’s price is traveling above its Hype-To-Activity Ratio — a metric which shows tweet volume against asset trading volume — since 2019.  “Hype-To-Activity Ratio measures the number of tweets a particular coin has per each $1M in reported…

Synthetix (SNX), Compound (COMP) and Maker (MKR) soar as Bitcoin stabilizes

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On Jan. 11, Bitcoin saw a steep correction as it dropped to around $30,500. It began to recover swiftly after the initial correction, rallying above $36,000 in the next 24 hours that followed. DeFi tokens, including Synthetix (SNX), Maker (MKR), and Compound (COMP), outperformed the majority of the market. The primary reasons behind their performance are strong fundamentals for each project and improving market sentiment. Highly anticipated roadmaps DeFi tokens have generally performed well in recent weeks. Maker, for instance, surged by nearly 100% before the Jan. 11 correction alongside…