Bitcoin

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…

Crypto mining is the practice through which transactions are confirmed and added to a blockchain public ledger. It has always been one of the most attractive endeavors in Bitcoin. Crypto mining entails verifying transactions, which is time-consuming and computing power-intensive calculations. Miners then get rewarded for their efforts, usually with tokens of cryptocurrency. As much as the yield from mining might vary, for some, it has a greater appeal than buying bitcoins. Technologically, mining is a process that supports the…

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…

BTC has recently noticed severe steady drops from the support level at $6.5k, with the price breaking the largest barrier at $6.2k at the 100 hourly SMA.  Even further, the bears broke the price to below $6k, leading BTC to trade at an even low of $5,846. However, the most recent information shows BTC prices recovering from $5,950 and $6k levels.  BTC dropped mostly from $6,875 to a low of $5,846. Additionally, there was a slow break when the resistance…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $173 billion. Bitcoin gains 10% in dollar value and trades safely above the $6,500 mark. Ethereum traded steadily between $135 and $140 XRP rises to $0.19 but drops by 3% on the weekend The Trump Administration announces a $2 trillion economic stimulus. The equity market also increases by 10% Covid-19 has now spread to…

Santiment, an analytics platform, recently released a report that revealed positive sentiment still prevails on crypto Twitter, after the recent bitcoin price plunge. Santiment is a platform that analyzes several crypto-related posts on different social media platforms to help investors get an overall feel of the market. According to their recent report, the last 3 months have obviously seen a change of attitude towards crypto, as the price dropped from $10,300 levels to sub-$4,000. However, their report suggests that the…

Bitcoin addresses with 1 BTC or more are getting closer to the 800K mark, an ATH, according to a recent report. Data released by crypto statistic resource Glassnode on March 28, reveals that the total number of Bitcoin wallets containing at least 1 BTC currently stands at 797,420. Within a 24 hour period, the totals have increased by 101 wallets. It is also important to note that some individuals may have access to more than 1 Bitcoin wallets. This implies…

Considered one of the most critical events in the Bitcoin community, the Bitcoin reward halving is the process by which the incentives available to miners decrease by half of what it currently is. Founder Satoshi Nakamoto implemented the Bitcoin Halving mechanism to incentivize the network and slowly distribute the 21 million currency supply. Historically, the Bitcoin reward halving has been known to be a prelude to a massive bull run. However, on 9 July 2016, the market saw a surprising turn of…

An industry, sector, or model is only as good as the infrastructure it is built on. The infrastructure acts as a backbone, a framework, guiding the industry and its participants through. As we have come to know them, most industries are built on a centralized, hierarchy-based infrastructure. They follow a top-down approach, wherein a few participants at the top are responsible for most of the lower-level management's workings. But then came the Internet and changed the face of it all.…