Tag: Data

Bitcoin ‘death cross’ data hints 43% drop due in BTC price bear market

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Bitcoin (BTC) may fall more than 40% from last week’s bottom, new data warns as one analyst confronts what he says is now a bear market. In a series of tweets on May 20, popular trader and analyst Rekt Capital argued that BTC/USD should dive to near $20,000 to conform to historical norms. Death cross BTC price target now $22,700 Much debate has surrounded the so-called “death cross” constructions on the Bitcoin chart. These involve the declining 50-period moving average (50MA) crossing under the 200MA. Often in the past, such…

Solana, Cardano Tokens Slide Over 9% as Cryptos See Weakness Amid Poor US Consumer Data

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Institutional DeFi Enabler? Data Firm Kaiko Probes DEX Liquidity With New Product

“Uniswap V3 smart contracts, for example, come with a lot of logic and mathematical rules around the upper boundary and lower boundary that’s actually embedded in the code of the smart contract and not displayed on-chain,” Cherif said in an interview. “In order to produce a proper market data feed, you need to not only capture the data of the event on-chain, but also to completely reverse-engineer the smart contract and its rules.” Source

Blockchain Data Indicates $10M Worth Of Ether From The Ronin Exploit In Rotation

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More than 5,505 Ether of the Ronin Bridge exploitation seems to be transferred through Tornado Cash, a unique privacy crypto exchange. Blockchain data showed that the address associated with the $625 million Ronin Bridge Attack had begun transferring ether tokens valued at over $10 million. This occurred during the Asian morning hours. The data showed that the Ronin hacker had transferred over 5,505 ether to one unknown account this morning. Additionally, the funds were sent from another Ethereum wallet funded by the prominent hacker’s blockchain address. All these took place…

New Data Shows China Still Controls 21% Of The Global Bitcoin Mining Hashrate

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China is back with a vengeance. The Cambridge Centre for Alternative Finance, or CCAF, collected data “spanning the period from September 2021 to January 2022” for their latest study. The headline is that, ban or no ban, the Asian country controls 21% of the Global Bitcoin mining hashrate. Since June 2021, here in NewsBTC, we’ve been wracking our brains trying to figure out why did China ban bitcoin mining. Maybe we were barking at the wrong tree the whole time.  According to the CCAF’s numbers, unsurprisingly the “US has remained…

Cointelegraph Research Terminal launches, home to critical crypto data reports

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Cointelegraph — one of the oldest crypto media companies, founded in 2013 — has launched the Cointelegraph Research Terminal. The Research Terminal will be a convenient one-stop location to find past industry analysis, premium research reports and access to exclusive databases. The website is live, and subscriptions to the premium features are active. Cointelegraph Research has produced some of the best in-depth analyses on the blockchain and crypto industry, hitting on trends before they land in the mainstream. One of the Cointelegraph Research Terminal’s most recent public reports is on…

Bitcoin bulls aim to flip $30K to support, but derivatives data show traders lack confidence

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Bitcoin (BTC) bounced 19% from the $25,400 low on May 12, but has investor confidence in the market been restored? Judging by the ascending channel formation, it’s possible that bulls at least have plans to recover the $30,000 level in the short term. Bitcoin/USD 4-hour price at Bitstamp. Source: TradingView Does derivatives data support reclaiming $30,000, or is Bitcoin potentially heading to another leg down after failing to break above $31,000 on May 16? Bitcoin price falters in the face of regulatory concerns and the Terra debacle One factor placing…

Popular Crypto Data Sites Targeted With Phishing Attack

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Bitcoin and Ethereum had a rough week, but derivatives data reveals a silver lining

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This week the crypto market endured a sharp drop in valuation after Coinbase, the leading U.S. exchange, reported a $430 million quarterly net loss and South Korea announced plans to introduce a 20% tax on crypto gains. During its worst moment, the total market crypto market cap faced a 39% drop from $1.81 trillion to $1.10 trillion in seven days, which is an impressive correction even for a volatile asset class. A similar size decrease in valuation was last seen in February 2021, creating bargains for the risk-takers. Total crypto market…