Category: Bitcoin (BTC)

Altcoins Lose Over $4 Billion In Market Cap As Bitcoin Bulls Take Charge

Over the last 24 hours, the altcoins’ market is in deep red with some top cryptocurrencies losing between 4-10%. As per the charts on CoinMarketCap, the altcoins have lost over $4 billion in combined market cap over the last 24 hours. Source: CoinMarketCap Among the top ten cryptocurrencies, Chainlink (LINK) has lost the most in […]

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Market Update: Bitcoin Nears $13,000, Holds Record-Breaking 87-Day Streak Above $10K

Market Update: Bitcoin Nears $13,000, Holds Record-Breaking 87-Day Streak Above $10K

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 5.6% hovering above $379 billion during the afternoon trading sessions. Digital currency markets have increased a great deal during the […]

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187,000 BTC Drained: Over $2 Billion in Bitcoin Leave the Top Exchanges Since June

187,000 BTC Drained: Over $2 Billion in Bitcoin Leave the Top Exchanges Since June

Cryptocurrency reserves held on digital asset exchanges have been dropping to new lows, as some of the top exchanges have seen significant bitcoin reserve balance drops. A few months ago trading platforms had a lot more bitcoin reserves on hand and onchain data shows a few exchanges have seen customers steadily drain 187,000 bitcoins ($2.1B) […]

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Bitcoin Price Prediction: Why BTC Might Revisit $11,200 Before Rallying To $13,000?

Bitcoin recovers but marginally; resistance at $11,600 stays intact. A rising wedge pattern suggests that a reversal is in the offing while immense support is anticipated. Bitcoin recovered slightly from the levels discussed on Thursday around $11,400. The flagship cryptocurrency tested the resistance at $11,600 but failed to pierce through. Meanwhile, BTC is dancing at […]

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Bitcoin Price Analysis: BTC Triangle Breakout Tops $11,500

Bitcoin appears to have bottomed out, giving way for gains towards $12,000. The on-chain analysis shows the absence of tough resistance heading to $12,000. The flagship cryptocurrency eventually broke out above the stubborn resistance at $11,000. The impressive weekend gains extended to $11,500. However, the tremendous bullish pressure appears to have taken a pit stop […]

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$12M in ‘Satoshi Era’ Bitcoins Move: 21 Block Rewards from 2010 Spent After a Decade of Slumber

$12M in ‘Satoshi Era’ Bitcoins Move: 21 Block Rewards from 2010 Spent After a Decade of Slumber

On early Sunday morning around 1: 38: 02 a.m. (New York time), approximately 20 blocks with coinbase rewards from 2010 were spent in one block. 1,000 BTC was then consolidated into a single address before moving again. The massive movement of the decade-old ‘sleeping’ bitcoins was caught by an onchain transaction parser and the coins […]

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Boringdao Raises $1.4M: Project’s Tokenized BTC Bridge Backed by 200% Collateral

Boringdao Raises $1.4M: Project’s Tokenized BTC Bridge Backed by 200% Collateral

There’s a new tokenized bitcoin project coming to the decentralized finance (defi) ecosystem that’s recently received $1.4 million from blockchain investors. The project called Boringdao, a decentralized bridge between Ethereum and alternative blockchains, plans to launch the company’s bBTC tunnel this month in order to introduce another tokenized bitcoin.On October 8, 2020, the Boringdao project […]

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Market Update: Bitcoin Captures $11K, Flash Buy Signals, Bollinger Band Squeeze

Market Update: Bitcoin Captures $11K, Flash Buy Signals, Bollinger Band Squeeze

Cryptocurrency markets are seeing decent gains on Friday following the announcement Square made the day prior about purchasing $50 million worth of bitcoin for reserves. During the morning trading sessions, the overall market capitalization of all 7,000+ crypto assets is up over 2% hovering at $340 billion.Digital currency markets are doing well on October 9, […]

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Bitcoin Price Prediction: BTC Could Suffer Another Rejection At $10,000

Bitcoin breaks out of a symmetrical triangle pattern, closing in on the critical $11,000. BTC has a relatively clear path to $11,500 as long as buyers can pull above the short term hurdle at $11,000. The flagship cryptocurrency broke out of a symmetrical triangle discussed multiple times this week. The 4-hour timeframe chart has seen […]

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Bitcoin Defi: Smart Contract Platform RSK Integrates ETH-Based Stablecoin DAI

Bitcoin Defi: Smart Contract Platform RSK Integrates ETH-Based Stablecoin DAI

On October 6, 2020, the RIF (RSK Infrastructure Framework) development team announced that the Makerdao project’s DAI stablecoin is now available via the smart contract protocol RSK. According to the software engineers, RIF developers leveraged the RSK-Ethereum token bridge and individuals can now utilize the Ethereum-based stablecoin across a myriad of decentralized applications (dapps).The Bitcoin […]

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