Tag: BTCGBP

Bitcoin Consolidation Continues But a Breakout is Imminent

Bitcoin has remained well within its range bound channel for another day despite heavy losses for many of the DeFi related tokens. Analysts and investors have had few insights as to the next direction Bitcoin will take but the longer the consolidation continues, the larger that move is likely to be. Bitcoin’s current trading range, […]

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Bitcoin Fundamentals are in ‘Moon Mode’ Now: Will Market Respond Only In 2021?

Noted on-chain market analyst Willy Woo is of the opinion that Bitcoin’s network fundamentals including blockchain data and infrastructural metrics are going pretty strong. But the BTC market has still not caught up on this ‘moon-like’ action. Willy believes it will, only next year. Bitcoin On-chain Data And Metrics From Infrastructure Players are in ‘Moon […]

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Jack Dorsey’s Square Buys $50 Million Worth of Bitcoin (BTC)

Financial services company Square has announced that it has purchased $50 million in Bitcoin.   The company headed by Twitter’s Jack Dorsey, says that it believes that cryptocurrencies are an instrument of “economic empowerment and provides a way to participate in a global monetary system, which aligns with the company’s purpose.   Today, @Square announced […]

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FCA Survey Shows 97% Disagreed With The Cryptocurrency Derivatives Ban

FCA Survey Shows 97% Disagreed With The Cryptocurrency Derivatives Ban

Before implementing the ban on cryptocurrency derivatives sales in the UK for retail investors, the FCA asked over 500 firms, trade bodies, and competent authorities on their opinion. Interestingly, the results decisively concluded that 97% of all participants didn’t agree with the prohibition. 97% Oppose The FCA Crypto Derivatives Ban UK’s watchdog, the Financial Conduct […]

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Billionaire Investor Tim Draper Funds Indian Cryptocurrency Exchange Unocoin

Unocoin is one of the earliest exchanges to enter the Indian cryptocurrency arena in 2013. And now the crypto trading platform has received funding from billionaire and bitcoin bull Tim Draper. The Series A round which raised $5 million was led by Draper Associates. 2020 Ventures and crypto-focused VC firm XBTO Ventures also participated in […]

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Bitcoin Deposits and Withdrawals Resumed as KuCoin Makes Steps to Full Recovery

Major cryptocurrency exchange KuCoin has resumed deposits and withdrawals of some cryptocurrencies after the platform recently suffered a substantial hack. BTC, ETH, and USDT Withdrawal and Deposit Services Now Available According to an official announcement on October 7, KuCoin revealed that it reopened deposit and withdrawal functions for crypto tokens Bitcoin (BTC), Ether (ETH), and […]

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Bitcoin Pushed to $10,700 as Larger Altcoins Remain Stable (Thursday Market Watch)

Bitcoin Pushed to $10,700 as Larger Altcoins Remain Stable (Thursday Market Watch)

Bitcoin has charted minor gains in the past 24 hours by following Wall Street once again. Most large-cap altcoins have remained calm with Ethereum hovering around $340 and Ripple trading at $0.245. Bitcoin Steadily Follows US Stocks The primary cryptocurrency headed south yesterday and dipped to $10,525. Although Bitcoin started recovering rather rapidly, it dropped […]

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A $500 Million Bitcoin Exit as BitMEX Gets Labelled ‘High Risk’

Crypto exchange BitMEX is hemorrhaging liquidity as over $500 million has left the exchange since U.S. regulators filed charges against company executives. A week ago the Commodity Futures Trading Commission (CFTC) filed charges against BitMEX executives for operating an unregistered trading platform and failing to implement anti-money laundering procedures. The exchange responded rapidly assuring traders […]

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Low Volatility Index Suggests Huge Bitcoin Price Move Incoming: History in Favor of the Bulls?

Low Volatility Index Suggests Huge Bitcoin Price Move Incoming: History in Favor of the Bulls?

Bitcoin has had a slow last few weeks, that’s for sure. It appears that the cryptocurrency is trading within a narrow range, unable to swing convincingly in either direction. This is reflected in its historic volatility, which has been falling quite a bit. In fact, it’s currently at a point where, usually, a huge move […]

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Bitcoin Price Analysis: BTC To Reclaim $10.7K as Whale Shakeout Pattern Completes?

Bitcoin Price Analysis: BTC To Reclaim $10.7K as Whale Shakeout Pattern Completes?

Bitcoin price appears to be tracking in another classic whale manipulation pattern right now, after yesterday’s sharp $200 crash during the US trading session. The details of this pattern have already been covered extensively in a previous analysis, but for those of you not familiar, it essentially represents a strategy employed by large BTC traders […]

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