Crypto exchange Coinbase posted its earnings this morning and showed strong revenue numbers ahead of its April 14 public listing, documents show. The exchange is one of the biggest crypto businesses and one of the first in the US to be offered to the public. Coinbase posts stellar figures The release showed Coinbase made over […]Read More
Bitcoin miners are accumulating the asset at the current price range against a generally bullish backdrop and rising demand for the world’s largest cryptocurrency by market cap. When miners HODL Data from on-chain analytics platform Glassnode for the ‘Miner Net Position’ metric—which tracks miner addresses to show inflows/outflows—showed most miners were net holders of Bitcoin […]Read More
On-chain data for funding rates shows traders are once again piling into Bitcoin, the world’s largest cryptocurrency by market cap. Funding rates are an indicator of increased trading activity. Perpetual swap products allow traders to borrow in excess of the funds they hold—a process called using leverage—to place bigger bets for more gains while putting […]Read More
Bitcoin, the ‘digital gold,’ is giving the real deal a run for its money. Or at least the data shows so. Gold will see use in jewelry Data from Bloomberg shows investors are scooping up Bitcoin at an unprecedented rate in current times, with the cryptocurrency fast becoming a part of portfolios around the world. […]Read More
Bitcoin price is still more than 10% away from the highs set last month, and bulls have been struggling to regain the powerful momentum they had on the way up. However, while price action is feigning signs of being exhausted, blockchain data shows that growth in actual Bitcoin adoption is still on a steady, parabolic […]Read More
Bitcoin markets saw a drastic correction over the last week which carried over to the weekend. But data shows miners are buying. Miners buying Data on Glassnode showed miners sold hundreds of thousands of Bitcoin in the period from the last week of December until last week. The “Miner Net Position Change,” a tool that […]Read More
Despite bitcoin’s rapid $3,000 fall from new record highs seen Sunday, institutions seem confident about the cryptocurrency’s long-term prospects. The cryptocurrency dropped to $47,790 earlier on Monday, after just failing to pass the psychological hurdle of $50,000 over the weekend. So far, however, are there are few signs of preparations for deeper losses in the […]Read More
In a sign of continued maturity as a macro asset, bitcoin now looks to be leading the price action in the foreign exchange markets (FX). “The dollar slid back to flat on the day on Monday after a surge in bitcoin to record highs foiled the U.S. currency’s attempt to rally back from [U.S. nonfarm] […]Read More
A confluence of two classic technical indicators suggests Bitcoin will hit $50,000 in the short-term. Dubbed as Bull Flag and Bull Pennant, both the patterns represent a period of consolidation after a strong uptrend, except with different structures. For instance, Bull Flags appear like downward sloping channels, wherein an asset moves lower while leaving behind […]Read More
Bitcoin price charts are an amazing sight to behold. Past market cycles that used to look like bubbles that popped and fizzled out, eventually are eclipsed by the next major crypto uptrend. Another such instance is well underway, but when zooming out, the perspective shows just how distant the peak of this current cycle very […]Read More
© 2020, cryptnewz.com
