The first woman to gain more than a million YouTube subscribers is now going all-in on bitcoin to promote financial freedom to her loyal fanbase. “I kind of view bitcoin as similar to YouTube, which…
Bitcoin breaking through $12K is huge but dont…
The previous week has been tremendous for Bitcoin (BTC) investors as price broke the crucial barrier of $12,000, culminating in a surge from $11,300 to $13,300, a rally of $2,000 within a week. A new…
US Government Agencies Propose Changes to Funds Transfer…
The U.S. Federal Reserve Board and Fincen are seeking feedback on their proposal to lower the threshold at which financial institutions must collect and retain information on funds transfers. In their joint notice on the…
Bitcoin Could Be Just One Week Away From…
Bitcoin is just over one week away from the October monthly close, taking place on Halloween night. Although the night is known for candy, scarces, and tricks, if the leading cryptocurrency by market cap can…
Stablecoins went wild in the days before Bitcoin’s…
In the days preceding Bitcoin’s latest rise in price, stablecoins went wild, exhibiting some largely unprecedented behavior. Stablecoins: all stablecoins inflow transaction and address count of all exchanges. Source: CryptoQuant.On October 18, stablecoins moving to…
Top traders say Bitcoin log chart points to…
Peter Brandt, a well-regarded veteran trader, recently emphasized the high demand from institutions as a key catalyst for Bitcoin's strong performance. BTC/USD 1-month chart. Source: TradingViewThe strong high time frame technical structure of BTC, especially…
Exchange Inflows from Bitcoin Whales Spike as Analysts…
Bitcoin has been expressing tremendous strength throughout the past few days, with its price seeing an unrelenting uptrend that has allowed it to surmount multiple strong resistance levels and flip them into support. Its momentum…
Bitcoin top signal from 2017 reappears, but here’s…
In 2017, the price of Bitcoin (BTC) reached as high as $20,000 before crashing rapidly. Now, the same on-chain top signal has reemerged, according to researchers at Glassnode. But besides much stronger fundamentals this time…
Yearn Finance doppelganger scam tries to trick visitors…
Decentralized finance yield farming platform Yearn Finance has a doppelganger that is tricking visitors into sharing the private keys of their cryptocurrency wallets. The scam website of Yearn Finance perfectly copies almost every aspect of the…
Bitcoin top signal from 2017 reappears, but heres…
In 2017, the price of Bitcoin (BTC) reached as high as $20,000 and crashed rapidly. Now the same on-chain top signal has reemerged, according to researchers at Glassnode. But besides much stronger fundamentals this time…
Yearn Finance (YFI) Hints Major Rebound as Its…
Yearn Finance’s native token YFI showed fresh signs of recovery after crashing by up to 72 percent from its all-time high near $44,000. The decentralized finance cryptocurrency surged by as much as 16.08 percent in…
Yield farming fuels 623% growth in DAI supply…
Decentralized finance’s (DeFi) explosive third-quarter brought significant growth to Ethereum (ETH)-compatible stablecoins. According to crypto market data aggregator Messari, the supply of MakerDAO’s DAI stablecoin grew by 623% in Q3 2020, pushing the token’s value…
Crypto PayPal News Sends Asset To New All-Time…
News breaking today that payments giant PayPal would be supporting cryptocurrencies sent the price of Bitcoin rocketing over $1,000 in a single day. But it was another asset that soared to a new all-time high…
Bitcoin on-chain transfer volume exceeds 4M as price…
As Bitcoin's price broke through resistance at $12,000, its on-chain transfer volume exceeded 4 million and set a 14-month record high. Source: Glassnode.Unlike exchange volume, on-chain metrics cannot be easily faked or manipulated. To put this…
Pro traders added to shorts as Bitcoin price…
As Bitcoin (BTC) breaks the $12,000 resistance, derivatives markets are flirting with overly excessive bullish sentiment. The futures basis and the options 25% delta skew both reached the same levels seen now on October 12…
Bitcoin blasts through $13K following PayPal’s entrance into…
Bitcoin (BTC) has rallied above $13,000 for the first time since July, and only the third time since the all-time high bull run of late-2017. The move follows the long sustained period of five-figure price…
Market Update: Bitcoin Nears $13,000, Holds Record-Breaking 87-Day…
Cryptocurrency markets have seen intense gains on Wednesday after the payment processor Paypal announced it would be supporting digital currencies. At the time of publication, the market cap of all 7,000+ digital assets has gained…
The Second Day Running Sees Bitcoin is Up…
For the second day straight, Bitcoin is up while equities fall. Is this the beginning of a decoupling from traditional markets? @SmartContracter picked up on this trend yesterday by saying: “was very surprised to see…
Bitcoin Nears Bullish Breakout, But Volume Has Yet…
Bitcoin has very few resistance levels left to clear before a new bull run is on, and the leading cryptocurrency by market cap returns to price discovery mode in search of its next all-time high.…
TA: Ethereum Prints Bullish Technical Pattern, Why It…
Ethereum is gaining bullish momentum above $375 against the US Dollar. ETH price is showing positive signs and it might even climb above the $385 resistance. Ethereum started a fresh upward move after forming a…
Bitcoin average transaction value increases 500% since July
The average value of Bitcoin (BTC) transactions has increased dramatically since July this year. The average transaction value was sitting at approximately $25,000 per transaction four months ago, but posted a yearly high on Oct…
Bitcoin’s Rally to $12,000 Driven by Spot Buyers;…
Bitcoin is currently approaching the critical $12,000 resistance level that analysts and investors have been closely watching throughout the past few days and weeks. Its rally up to this level has come about throughout the…
This Technical Pattern Suggests Yearn.finance’s YFI Could Plunge…
Yearn.finance’s price action has been far from bullish over the past few weeks, with bears aggressively selling into each price pump as buyers continue struggling to gain any traction. There are many different factors behind…
Study finds CME drives Bitcoin price, but it…
On Oct. 14, Wilshire Phoenix investment firm released its Efficient Price Discovery report, which detailed how CME Bitcoin (BTC) futures impact Bitcoin price discovery. The firm concluded that "CME Bitcoin futures contribute more to price…
Analyst: Bitcoin’s Dominance to Peak in December, Sparking…
Bitcoin has seen a massive upswing over the past couple of days that brought a firm end to its consolidation phase and is now allowing it to confront its key resistance around $12,000. This level…
Crushing Bitcoin Dominance Could Decimate Altcoins Through Q1…
The DeFi boom and an explosion of ROI across altcoins helped bring bullish sentiment back to crypto, and it helped push Bitcoin above $10,000 and hold the key level for the longest stretch ever. But…
Prolonged DeFi Slump Impending? Uniswap Volume Drops 83%…
The decentralized finance (DeFi) market is slumping as large-cap tokens like Uniswap (UNI), Yearn.finance (YFI), and Maker (MKR) decline. Atop the lackluster performance of major tokens, the volume of the Uniswap decentralized exchange has substantially…
Trader Lays Out “Worst Case” Technical Scenario For…
Yearn.finance (YFI), the decentralized finance (DeFi) darling that led the DeFi market upsurge in the third quarter, is stagnating. Technical analysts are now considering the worst possible scenario for the DeFi giant. A pseudonymous DeFi…
Bitcoin Rallies While Stocks Stumble: Is The Correlation…
Bitcoin price has rallied more than $300 intraday, meanwhile, the S&P 500 has fallen almost ten basis points in the same time period. Is this the fabled stock market crypto “decoupling” that analysts claimed was…
Ethereum’s Dominance Over the Market May Soon Explode…
Ethereum’s price is moving higher today alongside that of Bitcoin and the rest of the crypto market. This latest push higher has allowed ETH to re-surmount its crucial $380 level – which is the price…
UMA, Maker, Uniswap Surge Up to 22%: What’s…
Major DeFi tokens, including UMA, Maker, and Uniswap have surged up to 22% in the past 24 hours. The decentralized finance (DeFi) market has generally rebounded following a sustained pullback. There are two main reasons…
Yearn.finance Rockets Higher Following Reports of Polychain Taking…
Yearn.finance’s YFI governance token has seen a strong rebound over the past 24 hours. Its price had previously been facing an unrelenting selloff that drove it down towards $13,000, but it has since formed a…
Yearn.finance (YFI) Invalidates Bullish Market Structure; Analysts Eye…
Yearn.finance used to be the darling of the DeFi sector, with investors pouring massive sums of capital into the YFI token while largely looking towards it to become one of the largest and most widely…
Traders Flip Long on Uniswap’s UNI as OKEx…
Uniswap’s UNI token has been closely tracking Bitcoin and the entire crypto market over the past few days and weeks, but this correlation is beginning to break as it bucks the downtrend seen by BTC…
Analytics Firm: Bitcoin’s Correlation to S&P 500 is…
Bitcoin has been moving in close tandem with the stock market throughout the past few days and weeks, which has slowed its growth and caused it to see some turbulence. The stock market is currently…
Bitcoin Likely to Break Below $11,000 Before Next…
Bitcoin has been caught within a prolonged consolidation phase throughout the past few days and weeks, with buyers and sellers both being unable to take control of its near-term trend. This has done little to…
Will the dollar’s weakness result in Bitcoin finally…
Historically, a weaker United States Dollar leads to strength across other “safe haven” assets. By analyzing the correlation, such momentum and conclusion can also be drawn with Bitcoin (BTC) and the USD. Bitcoin has gained…
DiFy Finance (YFIII) Is an In-Development Software Fork…
DiFy.Finance, like YFI, the platform it is based on, is an environment of decentralized finance (DeFi) lending aggregators: it allows users to provide liquidity for the ecosystem by parking their cryptocurrency tokens in a smart…
DiFy.Finance (YFIII) Is an In-Development Software Fork of…
DiFy.Finance, like YFI, the platform it is based on, is an environment of decentralized finance (DeFi) lending aggregators: it allows users to provide liquidity for the ecosystem by parking their cryptocurrency tokens in a smart…
Foreign Crypto Exchanges Like Paxful, Binance to Pay…
The Kenya Revenue Authority (KRA) has clarified that its planned digital service tax (DST) will be applicable to cryptocurrencies at a rate of 1.5% on gross transaction value, local media reported. In August, the agency…
Foresight or folly? Data show 70% of exchanges…
A recent survey by cryptocurrency data aggregator, CryptoCompare, shows that centralized exchange operators do not see the emergence of decentralized trading venues like Uniswap as a threat despite growing volume and activity in the DeFi…
$22M in Bitcoin moves from Huobi to OKEx…
Large Bitcoin (BTC) transactions from Huobi cryptocurrency exchange are moving to OKEx despite the latter having temporarily suspended crypto withdrawals. According to data from crypto tracking service Whale Alert, a total of 1,995 BTC ($22.5…
‘Shorts will be dead’ — Why Dan Tapiero…
In recent months, there has been a considerable spike in institutional demand for Bitcoin (BTC) following several high profile investments. Over time, asset manager and 10T Holdings co-founder Dan Tapiero believes this could lead to…
Bad for Bears? Bitcoin’s Trading Volume Has Crashed…
Bitcoin’s price action has been rather lackluster as of late, with bulls and bears reaching an impasse following its surge up to the mid-$11,000 region. Each dip is met with significant buying pressure, while each…
Grayscale Announces Best Ever Quarter With Over $1B…
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A $10B Firm Makes Bitcoin Its Primary Treasury…
Stone Ridge Holdings Group announces $50 million in new funding for its digital asset subsidiary as well as significant BTC treasury holdings. Our main discussion: Stone Ridge Holdings Group discloses $114 million in bitcoin treasury…
Trump Administration Said to Mull Putting Digital Payments…
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Wrapped Bitcoin Sees Record $57.1M in Tokens Minted…
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Bitcoin and Ether now account for 44% of…
The recent explosive growth of decentralized finance (DeFi) has seen the sector lock nearly $4 billion worth of Bitcoin (BTC) and Ether (ETH) in less than five months. According to DeFi Pulse, the number of…
Binance’s CZ Views ‘CeDeFi’ as a Complement, Not…
Cryptocurrency exchange Binance’s latest experiment to integrate decentralized finance with its centralized platform, Binance Smart Chain, is not here to beat DeFi, said the company’s CEO, Changpeng “CZ” Zhao. Instead, it aims to accelerate crypto…
Yearn.finance’s (YFI) Market Structure Points Towards a Q4…
Yearn.finance’s governance token (YFI) has been caught within a bout of extreme turbulence. A fragmented community, growing animosity towards the protocol’s founder, as well as a general downturn in the DeFi space have all struck…
New report finds 15 major factors that cause…
EToro, the major multi-asset brokerage, released a crypto market quarterly report for Q3 2020. The report, titled “What Moves the Prices of Cryptoassets,” delves into the main factors that cause cryptocurrencies to rise in value.…
YFI in Deep Technical Trouble Below 12K, Analyst…
No traders may want to purchase Yearn Finance (YFI) after it plunges below $12,000, according to an independent analyst. The pseudonymous entity said in a tweet on Wednesday that the Yearn Finance’s native token “is…
Centralized Exchange Operators Believe Low Liquidity on DEX…
Centralized cryptocurrency exchanges (CEX) operators say they are unfazed by the increasing trading volumes on decentralized exchanges (DEX) because the latter’s liquidity is still too insignificant to cause user mass migration. The majority of CEX…
Security token trading volume crashed by 60% in…
Following four months of spectacular growth, security token trade volumes have crashed by nearly 60%. From May through August, monthly volume gains for the sector ranged between 113% and 280%, posting record highs that increased…
FSB releases recommendations to regulate global stablecoins such…
The G20’s financial watchdog, the Financial Stability Board (FSB), has published regulatory recommendations opposing the trans-national ambitions of “global stablecoins,” such as Facebook’s Libra project. The FSB’s report offers regulatory recommendations to G20 member states…
Tethers market cap could overtake Ethereum’s next year…
A new report predicts Tether could surpass Ether’s market cap by the end of next year, paving the way to mainstream adoption of stablecoins and central bank digital currencies (CBDCs). According to Bloomberg’s Crypto Outlook…
Fidelity makes it clear: Bitcoin volatility is worth…
In a recently released report titled Bitcoin Investment Thesis, Fidelity Digital Assets demonstrated how portfolio managers could increase their returns by allocating a portion of their holdings to Bitcoin (BTC). The report also speculated that…
Ethereum price back on track to $500 once…
On Oct. 12 the price of Ether (ETH) soared 8.15% to reach a new monthly high at $387.75 on Binance. The rally from $366 to as high as $387.50 occurred as Bitcoin (BTC) price surged…
A “TD9” Sell Indicator Triggers For XRP After…
XRP continues to lag behind the rest of the market after a short-lived glimmer of hope brought prices to current levels in late July. And while crypto analysts expect the fourth-ranked cryptocurrency to outperform Bitcoin…
DeFi Hangover: Yearn.Finance Falls Nearly 20% From Weekend…
Yearn.Finance closed last week with a strong rebound that left DeFi investors hopeful a bottom was in. However, from this weekend’s high notes set on Friday and Saturday night, YFI has fallen over 20% and…
Yearn.finance (YFI) Price Faces Grim Rejection at $20,000;…
Yearn.finance’s YFI governance token was previously the darling of DeFi, providing investors with massive returns while also becoming a benchmark of the entire sector. Recent turbulence within the community, coupled with the downturn seen across…
Chainlink Whales Continue Accumulating Despite Signs of Technical…
Chainlink’s price action throughout the past few days and weeks has done little to provide investors with insight into its near-term outlook, as it has mainly been consolidating between lows of $7.50 and highs of…
Yearn finance (YFI) gains 36% as DeFi tokens…
In the past 72 hours, Yearnfinance (YFI) surged by 58% after dropping to as low as $12,260 at a few exchanges. Three factors that may have catalyzed the sharp rebound are: YFI had become deeply…
Yearn.finance (YFI) gains 36% as DeFi tokens follow…
In the past 72 hours, Yearn.finance (YFI) surged by 58% after dropping to as low as $12,260 at a few exchanges. Three factors that may have catalyzed the sharp rebound are: YFI had become deeply…
Renewed U.S. Stimulus Discussions Could Ignite an Explosive…
Bitcoin’s price has been fairly stagnant as of late, remaining stuck within its macro trading range between $10,200 and $11,200. It is now pushing towards the upper boundary of this range and may soon be…
3 Bitcoin On-Chain Trends Show a Macro Bull…
Bitcoin has surged higher over the past 48 hours due to positive fundamental trends. The cryptocurrency, which traded as low as $10,400 just a week ago, now trades for $11,400. Less than a few hours…
On-Chain Analyst: Bitcoin’s Price Not Accurately Reflecting Fundamental…
Bitcoin’s price action as of late has done little to offer investors with insight into its mid-term outlook. BTC has been trading squarely between the lower and upper boundaries of its long-held trading range between…
Analyst Claims Chainlink Could Plummet Below $7.00 as…
Chainlink, despite being the darling of the crypto market since 2017 for altcoin traders, is now facing some immense turbulence – the likes of which haven’t been seen in years. The cryptocurrency gained notoriety for…
Yearn.finance (YFI) Likely to See a Relief Rally…
Yearn.finance’s YFI governance token has been sliding lower throughout the past week, with sellers being in full control of its price trend as its buying pressure evaporates. This has caused the cryptocurrency to break below…
A 2016-level massive Bitcoin price volatility spike might…
For the first time since 2016, the Bollinger Band width of Bitcoin (BTC) dropped below 0.95. The Bollinger Band is a widely utilized technical indicator that evaluates the volatility trend of an asset. It might…
Bitcoin Could Soon Rocket to $11,900 as Consolidation…
It has been a rocky past few days for Bitcoin and the aggregated crypto market. While BTC is stuck within a bout of sideways trading, altcoins have been facing massive inflows of selling pressure as…
DeFi indexes crash despite strong fundamentals
On August 28, Binance Futures launched its DeFi Composite Index, a basket of DeFi tokens that initially comprised 27% Chainlink (LINK) and 11% Aave (LEND) alongside nine other prominent DeFi tokens that made up between…
Bitcoin Open Interest on BitMEX is Down 25%…
Bitcoin’s market dynamic has been shifting over the past week. The CFTC’s pursuit of the BitMEX co-founders has sparked some fear regarding the safety of funds on margin trading platforms that could be vulnerable to…
MetaMask hits 1M monthly users thanks to DeFi…
MetaMask, the Ethereum (ETH) browser wallet developed by ConsenSys, has surpassed one million monthly active users for the first time. The milestone comes roughly seven months after the wallet first surpassed one million users in…
This Yearn.finance (YFI) Trend Could Lead to Serious…
Yearn.finance’s governance token – YFI – has been subjected to immense volatility throughout the past few days and weeks, which has come about due to conflicts within the community and weakness across the entire DeFi…
Lagging Bitcoin futures premium shows BitMEX is losing…
For BitMEX, 2020 has been quite a rough year and from the look of things it’s only set to get worse. The popular derivatives exchange is no longer as relevant and impactful on crypto market…
Crashing Sentiment Surrounding Ethereum Points to an Imminent…
Ethereum’s price action has been rather lackluster as of late, which has been the unfortunate result of its close correlation to Bitcoin. This correlation has suppressed its strength and caused it to see a prolonged…
September Selloffs Pushed Down Crypto Prices, Trading Activity:…
It’s been a big year for crypto. Even though price drops and declines in trading volume may have characterized the past few weeks, Simon Peters, a market analyst for social trading firm eToro, would like…
Uniswap (UNI) Likely to “Continue South” After Rejecting…
Uniswap’s UNI token has seen a serious selloff throughout the past few hours, causing its price to revisit a crucial support level that previously stopped it from seeing any significant downside. The cryptocurrency is now…
Stablecoin Supply Doubles in 3 Months as Combined…
2020 has been the year of stablecoins, as the token supply has doubled in the last three months. The aggregate market capitalization of 28 stablecoins captures over $20 billion on October 4, 2020. While tether…
Here’s How Uniswap’s UNI Could Kick Off a…
Uniswap’s UNI token has found itself caught within the throes of an incredibly intense consolidation phase throughout the past couple of days, which comes close on the heels of it experiencing an intense downtrend that…
Kucoin CEO Says Exchange Hack Suspects ‘Found,’ $204…
According to the Kucoin exchange CEO Johnny Lyu, the trading platform has recovered $204 million in crypto assets since October 1. The exchange executive says the hacking suspects have been “found” and the “police are…
This Indicator Suggests Chainlink is Poised to See…
Chainlink’s price action has been all over the place throughout the past few weeks, with it first seeing a bout of capitulation that sent it to lows within the $7.00, before it was able to…
BitMEX OI is Trending Higher as Traders Flip…
It has been a wild week for the crypto markets, with investors having to digest a plethora of news developments that largely favored Bitcoin bears. That being said, the market surprisingly didn’t react too negatively…
What BitMEX scandal? Bitcoin futures data shows traders…
BitMEX used to be the indisputable leader of Bitcoin (BTC) futures trading and if something similar to yesterday's civil enforcement action were to happen back in 2015-2018 the crypto markets would have completely collapsed. Regardless…
ETH 2.0 represents a material risk to Grayscale’s…
According to the latest SEC disclosure by the Grayscale Ethereum Trust, or ETHE, the impending transition of Ethereum (ETH) to the proof-of-stake consensus represents a risk that could have a “material adverse effect” on its…
Analyst: Chainlink Likely to Face Grim Downturn That…
Chainlink’s price action has been overtly bearish as of late, with the cryptocurrency being unable to hold above $10.00 despite the technical strength resulting from its recent rebound from the $7.00 region. It seems that…
Open Interest on Bitmex Drops 16%: Investors Withdraw…
Data from Arcane Research shows that open interest on Bitmex’s bitcoin derivatives market touched a new low of 45,122 BTC on October 1. The figure represents a 16% drop since the CFTC announced charges against…
Why Record High $11B Inflow In DeFi Buoys…
The total value locked away in DeFi applications has breached over $11 billion and is still climbing. This record inflow of decentralized finance capital could continue to propel Chainlink’s bullish momentum further. Here’s why this…
Fiat inflation has cost Bitcoin hodlers 20% over…
Bad news — the increase in the Bitcoin (BTC) price over the past decade may have been overstated because of the accompanying fiat inflation. Since Bitcoin is typically denominated in fiat — United States dollars…
Bitcoin Posts a 66-Day Consecutive Streak Above the…
The Bitcoin network has achieved a few new milestones during the last week, as the price has remained above the $10k range for a record 66 consecutive days. Meanwhile, the network has surpassed 18.5 million…
Bitcoin Sees 3rd Quarterly Close Over $10K, 3…
Bitcoin just closed the 3rd quarter of the year with its best-ever performance, marking the third of only three quarterly finishes over $10,000. All good things come in threes, so here are three reasons why…
Bitcoin “Hodlers” Control 63% of the Total BTC…
Bitcoin’s price action has done little to reassure investors of its near-term outlook, as the cryptocurrency has largely been caught within the throes of an intense bout of sideways trading over the past couple of…
Spike in new participants buying Bitcoin is ‘obviously…
The price of Bitcoin (BTC) has remained relatively flat for September and the strong decline in altcoin and DeFi token prices seems to be making the situation worse for many investors. Despite this lack of…
Bitcoin vs. USD: why only a weaker dollar…
A widespread debate among investors is the correlation of Bitcoin (BTC) with other markets. A high degree of correlation between the equity markets and Bitcoin has existed, particularly in the last few months. In other…
Analysts Explain Why UniSwap (UNI) Could Surge Higher…
UNI is among those decentralized finance tokens that debuted with a bang but slowly rolled over to the bearish side on higher profit-taking sentiment. The UniSwap exchange’s governance cryptocurrency plunged by another 5 percent on…
Bitcoin exchange reserves down $5B in 2020 hints…
The Bitcoin (BTC) reserves of exchanges are continuing to drop, which suggests retail investors and whales might be accumulating. According to data from CryptoQuant, all exchanges’ reserves dropped to 2.4 million BTC, which is equivalent…
Global economy saved: Reddit’s MOON token has a…
In defiance of Reddit's apparent wishes, crypto traders have devised a way to exchange the social platform’s ‘community points’ tokens for fiat — and it’s resulted in a pretty surprising market cap. In May Reddit…