Bitcoin

Roger Ver is a renowned supporter of Bitcoin Cash. He has claimed payment of thousands of dollars in Bitcoin fees many times on the Bitcoin network. The information was provided in a video on Twitter by Bitcoin Meme Hub. In the video, Ver said he paid the sum in Bitcoin uncountable times. https://twitter.com/BitcoinMemeHub/status/1250840996985933824 The Bitcoin fork, which happened in 2017 brought about differences in fees and speed. The fork split due to disagreements regarding the asset which eventually divided the community. Big blocks supporters desire faster transactions…

There has been a large recovery in Bitcoin network’s computing power following its second biggest fall in history. Coin Metrics revealed that the network’s total computing power (also called the hash rate) has returned to normal 2020 levels after a substantial decline in March 2020. The hash rate stands for the miners’ aggregate computing power on Bitcoin network. When the hash rate is high, it is a sign of more miners’ harder efforts towards finding new Bitcoin blocks, together with the sustenance…

Many Bitcoin enthusiasts have robust support for the Stock-to-Flow (S2F) model used for the prediction of Bitcoin prices. According to the model’s forecast, Bitcoin price will become more than $100k by 2021. Nevertheless, according to some analysts, the model use for Bitcoin is untoward. Their argument is that Bitcoin’s supply is fixed; hence the model is unable to dictate market movements. An analyst known as Hugo Nguyen on Twitter tweeted about the statements by Coinmetrics founder Nic Carter on the viewpoint. According to the S2F model’s…

BTC/USD Pair Price Analysis Over the previous week, the attempt by the BTC/USD pair tried to surge over two barrier levels ($7.4k and $7.5k) failed. The pair attained $7,470 and in recent times began to fall. It was able to break the $7.2k support level to land in a declining area. The pair’s 4-hour chart shows a break beneath a key bullish trend line with support at $7.2k. Currently, the pair is close to a critical support at $6.7k and…

Last week, Bitcoin recorded outstanding growth trading with more balance and less price volatility. This remarkable surge has seen BTC trading at the $7k zone.  Bitcoin whales have significantly contributed to the coin's sudden growth because they have accumulated many coins since the market crash in March. Bitcoin seems to have an outstanding strength that could see it through to stability in the market. A recent weekly report by Glassnode shows that BTC recorded a significant growth as observed in…

The BTC/USD pair gained some traction yesterday surging over two barrier levels ($6,980 and $7k). At the moment, the pair is trading above the  $6.5k and $7k barrier levels. Medium-Term Uptrend The pair’s hourly chart shows that a robust barrier towards the upside awaits near the $8k level and 100-day SMA. Again,  the chart indicates the formation of a key declining trend line whose barrier is close to $7,880. A medium-term uptrend could emerge depending on the buyers' ability to…

On the 1st of April 2020, Bitcoin made some bullish signs over $6200 against the USD. Afterward, it made a downward correction from the $6600 resistance area and visited the support level at $6200. Eventually, the Bitcoin price traded as low as $6159 and then initiated a new increase. The price gained momentum and broke above the key $6400 support area. Yesterday on the BTC/USD chart, there was a bullish trend line, with resistance near $6370. Eventually, Bitcoin rallied above…

A recent report stated that Binance is preparing to roll out its crypto mining pool and already has professionals for the project. The launch will take place in the second quarter of 2020, according to the report. Changpeng Zhao, Binance CEO, confirmed the news on his Twitter account. Additionally, Zhao mentioned there are many other projects currently ongoing in the Binance ecosphere. Industry Players’ Views on the Initiative Binance’s move had many industry players share their ideas on the initiative.…

Coinbase stated that it witnessed a tidal wave of deposits in the 48 hours after Bitcoin’s plunge on the 12th of March 2020. The crypto exchange saw its highest Bitcoin buying numbers in the last one year. Coinbase posted a recovery from its drop to $3800 with bullish sentiment presenting before Bitcoin reached $7800, which may contribute to a further upward push, after the block reward halving coming in the short term. Reports reveal that retail Bitcoin purchasing on Coinbase…