Day: January 24, 2022

Following Crash, Bitcoin Open Interest Declines To Sept 2021 Levels

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Following the crash to $35k, the Bitcoin open interest has declined to September 2021 levels. This may suggest that the market volatility will be lesser in the near future. Bitcoin Open Interest Drops To Similar Levels As In September 2021 As pointed out by an analyst in a CryptoQuant post, the BTC open interest has decreased to similar levels as last September following the crash. The “open interest” is an indicator that measures the total amount of Bitcoin futures contracts currently open in the derivatives market. The metric accounts for…

Strategies for trading cryptocurrency during a correction, explained

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A correction refers to a rapid price decrease, which traders can use to their advantage with the assistance of cryptocurrency trading bots. Although the definition for a correction differs, it is most often used to describe a rapid decrease in an asset’s price, usually at least 10% and up to 20%. If an asset falls more than that, the price dip is classified as a market crash. Corrections are often the result of a minor event, such as low trading volumes or other technical factors. They, therefore, occur fairly regularly,…

How to Mine Crypto in A Roth IRA and Reduce Taxes

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Everything that you need right here for you! The Crypto IRA Page at Directed IRA: Mining Bitcoin and Crypto: How to Structure to Save Taxes I also have the perfect book for you. Learn how to start your own business and if you already have one, it will HELP it grow! With my 8 Steps to Start and Grow your Business course, you will be on your way to financial freedom and taking control of your money. Go check it out at…

BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX

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Bitcoin (BTC) and most major altcoins are struggling to find a bottom, indicating that traders are dumping their positions out of fear. The big question on everyone’s mind is whether the selling is over or could the decline continue? UTXO Management senior analyst Dylan LeClair highlighted that the network cost basis, the average price at which Bitcoin was last moved by various investors, is $24,000 and historically, the ratio of cost basis to price has bottomed out below 1.0. If history were to repeat itself, Bitcoin may have to fall some…

BTC Falls to 5-Month Low – Markets and Prices Bitcoin News

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The selloff in cryptocurrencies continued to start the week, with bitcoin falling to its lowest level since July. Ethereum was also trading in the red, hitting multi-month lows in the process. This comes as the overall global market cap in cryptos was down close to 9% at the time of writing. Bitcoin Bitcoin (BTC), which has been the main focus of the recent decline in crypto prices, was trading 3% lower on Monday (at the time of writing), and almost 20% down from its position at the same time last…

When central banks seek public discussion, Jan. 17–24

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Last week, two central banks dropped public reports that can have a sizable impact on the crypto landscape in their respective countries and beyond. The U.S. Federal Reserve published a discussion paper entitled “Money and Payments: The U.S. Dollar in the Age of Digital Transformation,” which summarizes years of the Fed’s research on CBDCs. Meanwhile, the Central Bank of Russia released a report that called for a blanket ban on domestic cryptocurrency operations and mining. Both documents are framed as an invitation for public discussion, but the kinds of discussions…

GOLD MINING IS FUN!

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Investors Put $14M Into Crypto Funds Last Week as Bitcoin Market Cratered

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As crypto traders suffered last week through the market’s worst stretch in months, investors in digital-asset funds appear to have bought the dip. Cryptocurrency funds brought in $14.4 million of new investor money during the seven days through Jan. 21, ending a streak of five straight weeks of outflows, according to a report Monday from the digital-asset manager CoinShares. The inflows came during the latter part of the week, “during a period of significant price weakness,” according to the report. “Investors, at current price levels, are seeing this as a…

Coin Bureau Youtube channel hacked despite 2FA protection

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Coin Bureau, a popular information portal for cryptocurrency developments with over 600,000 followers on Twitter, experienced a security breach on its Youtube channel on Monday. Hackers allegedly uploaded a video with links to scam fiat/cryptocurrency addresses soliciting a token sale before being taken down by Youtube. According to Coin Bureau staff, they were baffled by the incident as its accounts were “secured with ultra-strong passwords and Google security keys.” So our YouTube channel was just hacked. Have absolutely no idea how this happened. All accounts are secured with ultra strong…

SEC Has Taken 97 Crypto Enforcement Actions So Far — Crypto a Top Priority for Chairman Gensler – Regulation Bitcoin News

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The U.S. Securities and Exchange Commission (SEC) has brought 97 cryptocurrency enforcement actions so far. Furthermore, the securities regulator has imposed approximately $2.35 billion in total monetary penalties against digital asset market participants. 97 Crypto Enforcement Actions Cornerstone Research published a report titled “SEC Cryptocurrency Enforcement: 2021 Update” last week. The report analyzes SEC enforcement activities from July 2013 to December 2021, the company detailed, elaborating: Since the first action in July 2013, the SEC has brought a total of 97 enforcement actions as of December 31, 2021. According to…