Record $1B in tokenized Bitcoin shows BTC holders want a slice of DeFi

After failing to hold the $11K mark and exposing what some analysts have described as a general apathy to trade BTC at these levels, Bitcoin (BTC) price is once again flirting with $11,000.  As suggested by Cointelegraph contributors Marcel Pechman and Micheal van de Poppe, a move above $11K is not a deeply significant milestone as the confluence of multiple factors, including looming overhead resistance and low trading volume decrease the likelihood that the digital asset will breakout once above $11K. Cryptocurrency daily market performance snapshot. Source: Coin360 The supposed…

Traders Counting on BTC Sky-Rocketing, Today Bitcoin Price Below $11K

Today, on September 17th, the BTC rate pushed off an important resistance level – $11,000. Currently, it rests at $10,842. By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. Tech analysis of BTC/USD: Bitcoin price is down today. Traders promise that the BTC renews the highs until the end of the year. The uncertainty pushed traders to buy the BTC. On W, the Bitcoin is finishing the correction of ascending dynamics. The quotations are forming a bounce off 61.8% Fibo, which will signal further growth. The aim here is at 100.0% Fibo. The…

Bitcoin speculators hit all-time lows as Grayscale says BTC like 2016

Bitcoin (BTC) hodlers are beating out speculators in a sign that the cryptocurrency’s bull run is “just beginning,” data suggests. Part of asset manager Grayscale’s Valuing Bitcoin report issued this month, the Hodler vs. Speculator Index (HSI) is showing highly bullish divergence. Grayscale notes “similar structure to early 2016” HSI measures Bitcoin activity from wallets in order to give an impression of how network participants are using BTC — and market sentiment as a result. The data, compiled from on-chain analytics resource Coin Metrics, labels coins which have not moved…

Bitcoin Miner Outflows a Grave Sign for BTC Despite $11,000 Breakout

Bitcoin has seen some intense strength throughout the past several days, with the cryptocurrency marching from lows of $9,900 to highs of over $11,000 that were set today. This strength is somewhat unique in that BTC is the only major cryptocurrency currently marching higher, as most others are stuck within consolidation phases or downtrends. Ethereum, for instance, is still trading well below its key $380 resistance level, with each attempt to surmount it resulting in strong selloffs. The weakness seen by ETH – relative to that seen by the benchmark…

Bitcoin Miner Outflows a Grave Sign for BTC Despite $11,000 Breakout

Bitcoin has seen some intense strength throughout the past several days, with the cryptocurrency marching from lows of $9,900 to highs of over $11,000 that were set today. This strength is somewhat unique in that BTC is the only major cryptocurrency currently marching higher, as most others are stuck within consolidation phases or downtrends. Ethereum, for instance, is still trading well below its key $380 resistance level, with each attempt to surmount it resulting in strong selloffs. The weakness seen by ETH – relative to that seen by the benchmark…

Price analysis 9/16: BTC, ETH, XRP, DOT, BCH, BNB, LINK, CRO, LTC, BSV

Bitcoin and a few altcoins have broken above key resistance levels, which suggests that the bulls are attempting to take control of the market. This week MicroStrategy, a Nasdaq-listed company, announced that it had added 16,796 Bitcoin (BTC) to its existing holding of 21,454 Bitcoin. This means in less than a year the firm has amassed 38,250 Bitcoin. This is a defining moment as MicroStrategy becomes the first public company to adopt a Bitcoin standard.  Other large companies may follow in MicroStrategy’s footsteps but they are likely to purchase at…

These 10 Bitcoin price indicators say BTC is now a buy or ‘strong buy’

Bitcoin (BTC) is a firm “buy” according to a range of on-chain indicators that are flashing bullish this week. Collected by on-chain monitoring resource CryptoQuant, a total of ten indicators are currently telling investors to enter the market now. CryptoQuant: Bitcoin indicators “healthy” Of the eleven items that form CryptoQuant’s market overview, eight are classified as “buy” and two as “strong buy” for Bitcoin. Only one is “neutral,” while none are “sell.” “Long-term $BTC on-chain indicators look healthy,” CryptoQuant summarized on Twitter. The two strongest buy signals come from the…

Crypto Price Analysis September 16: BTC, ETH, LTC, TRX, EOS

The cryptocurrency market is trying to recover. And if such assets as Bitcoin and Ethereum are looking quite confident in favor of further growth, the other ones, like Litecoin and EOS are very likely to fall and test their respective support areas. Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos. After the cryptocurrencies complete these movements, signals for further growth may appear and they may try to form new ascending…

Market Wrap: Bitcoin Hits $10.9K; Total BTC Locked in DeFi Passes 100K

Bitcoin is making gains not seen since early September; the amount of BTC locked in DeFi hits six figures. Bitcoin (BTC) trading around $10,778 as of 20:00 UTC (4 p.m. EDT). Gaining 0.70% over the previous 24 hours. Bitcoin’s 24-hour range: $10,252-$10,950 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since September 13. Source: TradingView Bitcoin was able to reach as high as $10,950 on spot exchanges such as Coinbase Tuesday before losing some steam, settling around $10,778 as of…

Bitcoin CEO: MicroStrategy’s Michael Saylor Explains His $425M Bet on BTC

MicroStrategy is prepared to HODL its bitcoin for at least a century. Or so said the business intelligence firm’s founder and CEO, Michael Saylor, in an interview with CoinDesk on Tuesday, shortly after he announced on Twitter that MicroStrategy was doubling down on the godfather cryptocurrency with the purchase of $175 million more BTC. “I want something that I could put $425 million into for 100 years,” Saylor told CoinDesk. In the last two months Saylor has transformed his company’s once sleepy cash surplus into a nearly half-billion-dollar bet on…