Bitcoin (BTC) price continues to defy gravity and its strong bullish breakouts frequently result in short sellers needing to cover their positions in a hurry. A repeat of this happened on Feb. 9 when Bitcoin soared on the news of Teslaโs $1.5 billion Bitcoin purchase. Bybt data shows that about $1.34 billion worth of Bitcoin futures positions were liquidated due to the sharp rally. Crypto market data daily view. Source: Coin360 Another notable event was the launch of CME Ether (ETH) futures on Feb. 8. Several traders feared that the…
Day: February 9, 2021
ETHEREUM BIG MOVE IS COMING, WHICH WAY WILL ETH GO!
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io ETHEREUM TODAY: In this video, I’ll go through the Ethereum news today & I’ll make a Ethereum price analysis. On this channel, I make daily videos over Bitcoin and altcoins including Ethereum, XRP, Chainlink, and many more. These are just my Ethereum price predictions and Ethereum technical analysis, not to be used for financial advice. If you enjoy crypto news and cryptocurrency analysis, be sure to like and subscribe! Subscribe to my channel here: Follow me on Twitter – #ethereum #eth #cryptonews…
Bitcoin Futures Open Interest Smashes $15 Billion, CME Registers Over $33 Million in ETH Contracts โ Finance Bitcoin News
Following the revelation that Tesla now owns $1.5 billion in bitcoin, crypto spot markets across the board skyrocketed. Data shows that crypto derivatives markets also saw significant demand as bitcoin futures open interest tapped $15 billion on Monday. Moreover, this week was the start of ethereum futures on CME Groupโs exchange, and ether-based futures registered $33 million worth on the first day of launch. Bitcoin Futures Open Interest Jumps to $15 Billion Bitcoin (BTC) derivatives markets are in high demand these days and other cryptocurrencies like ethereum (ETH) and bitcoin…
DigiByte Update – #227 – Coinbase Rosetta in Golang, RandomX bounty paid out
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io Thanks again to George for the DigiByte Rosetta Node implementation in Go: You can check that out here: We’ll look at getting that up on the DigiByte-Core github soon too Also, RandomX is coming along quite nicely, you can check it out over here: And I’ve paid out the bounty to the developer as such โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io Youtube version
China Was Questioning Tesla About Quality Problems. Then Bitcoin Happened
Teslaโs $1.5 billion bitcoin investment couldnโt have come at a better time for the electric car manufacturer. As it happened, about the time the company revealed its massive stake in the cryptocurrency on Feb. 8, Chinese officials had announced that five agencies were questioning Tesla about quality and safety issues. Specifically, Chinaโs State Administration for Market Regulation issued this short statement on Feb. 8 at 8:00 p.m. China Standard Time (12:00 UTC):ย โRecently, the General Administration of Market Supervision and the Central Cyberspace Administration of China, the Ministry of Industry…
Market Wrap: Bitcoin Hits Record $48.2K as CME Ether Futures at $33M Volume on First Day
Bitcoin and ether surpassed Mondayโs price records. In etherโs case, CMEโs futures launch has given the asset more credibility than ever before. Bitcoin (BTC) trading around $47,174 as of 21:15 UTC (4:15 p.m. ET). Gaining 7.1% over the previous 24 hours. Bitcoinโs 24-hour range: $43,948-$48,226 (CoinDesk 20) BTC well above the 10-hour and the 50-hour moving average on the hourly chart, a bullish signal for market technicians. Bitcoin trading on Bitstamp since Feb 6. Source: TradingView Bitcoinโs price is in mega-bull mode again Tuesday. For the second day in a…
Altcoins move higher as Bitcoin bull flag points toward $50K BTC price
Growing institutional interest in Bitcoin (BTC) helped elevate the top cryptocurrency to a new record high on Feb. 9 and led to a total market cap value higher than the market cap of the Russian ruble.ย Data from Cointelegraph Markets and TradingView shows Bitcoin established a new all-time high of $48,220 in the early hours on Tuesday and has since pulled back to $47,092, marking a 9.24% increase over the past 24-hours. BTC/USDT 4-hour chart. Source: TradingView According to Decentrader founder, filbfilb, todayโs market action showed strong activity from the…
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Tesla Investment in Bitcoin Could Mean More Work for Xinjiang Coal Miners
There is a good chance that any new bitcoins generated after Elon Musk boosted the crypto will be sourced using cheap coal power in Chinaโs Xinjiang.ย Cheap Reserves of Fuels Make the Province Suitable The region, which has risen to prominence in recent years for complaining about harassment of the Uighur Muslim minorities, is also a center for bitcoin production. According to researchers at Cambridge University, as of April 2020, nearly two-thirds of global production was in China, and about a third in Xinjiang. The main draw is the cheap…