While Bakkt clients will be able to deposit their funds into the Bakkt Warehouse next week on Sept. 6, Bitcoin price is trending downwards after falling below $10,000 in the run-up to the event.
So is this already priced in or the market cycles are just repeating themselves? Let’s take a look at some key similarities to previous bull market cycles.
There appears to be a connection between the expiry dates of CME bitcoin futures contracts and the falling price of bitcoin, but Is this foul play, or simple coincidence?
This week, the price of BTC markets witnessed a sizable $700 drop, wiping almost $10 billion off of the flagship cryptocurrency’s total value; right on cue for the expiration of the Chicago Mercantile Exchange’s bitcoin futures contracts.
Bitcoin has been struggling to break out for more than a few weeks now with its current trajectory looking nothing like it did a few months ago. Up until recently, the bears had been having a field day but now, it looks like there might be a silver lining around this dark cloud after all as a popular crypto analyst has announced a Bitcoin price metric which is currently showing extremely bullish signs.
Bloomberg says the tide may be turning for the altcoin market.
Alternative crypto assets have struggled to gain footing in recent months, with Bitcoin’s dominance of the overall market rising from 50.5% on April 1st to 69.0% at time of publishing.
But in a new report, Bloomberg’s Vildana Hajric says a renewed correlation between BTC and alts may show a shift is on the horizon.
Bitcoin’s trading range continued to narrow on Saturday, the latest sign of consolidation following a more than 10% correction earlier in the week.
While bitcoin’s short-term trajectory remains uncertain, one statistic should put to rest any concern that the largest cryptocurrency is a manipulative bubble (more on that below).
Bitcoin’s price recently plunged below $10,000. As the market remains volatile, a comparison of the 2019 cycle with that of 2016 suggests that Bitcoin might be nearing another massive price spike. According to Faisal Sohail, who has a Ph.D in economics, Bitcoin’s technical analysis at the moment strongly resembles that of 3 years ago. The world’s most popular cryptocurrency experienced its biggest bull run yet the following year.
Twitter and Square CEO, Jack Dorsey, had his personal Twitter account hacked this week. Whilst in control of the account, the hackers posted a bizarre stream of messages including racial slurs and a bomb threat. Dorsey has been very vocal in his support for Bitcoin, so what impact could this have?
All that glitters is not gold; it might be Bitcoin
The tussle between digital gold and tangible gold is one for the ages. One rising from its fallen ‘standard’ for the global financial order, and the other born from the debris of financial collapse. Bitcoin and Gold have charted similar paths, yet from the traditional financial standpoint, the two are seen as polar opposites.
The trading of Bitcoin futures has surged over this year as the leading cryptocurrency found its way back to the heights associated with it. Cryptocurrency trading has become more popular, and more investors are beginning to consider the asset class for the portfolios.
Chicago Mercantile Exchange (CME) has reported high record trading volumes for Bitcoin futures. The exchange is experiencing an average trade volume of 7,237 contracts daily as more traders are moving into Bitcoin futures.
If you’re wondering why your favorite altcoin is still ranked at three-hundred-something, you’re probably not alone. Market capitalization is a complicated measurement: when a ranking factor is easily gamed through wash trading (essentially the practice of trading against oneself) to create artificial volume, the rankings can be skewed.
Dave Kleiman’s estate might have a difficult time reclaiming its alleged half of Craig Wright’s $10 billion Bitcoin fortune – and not just because critics say it likely doesn’t even exist.
Wright, who lives in the UK, suggested that he won’t make it easy for the US courts to enforce an order to pay up, assuming that order eventually comes.
Cloud-based instant messaging and voice over IP service Telegram considers whether to roll out a cryptocurrency dubbed Gram with high determinations and a snug limit of two months. However, for this project to thrive, the company must fulfill what regulators need before October ends, a thing that looks challenging, The New York Times reports.
Owning and storing cryptocurrencies is a lot easier with a Samsung Galaxy S10 smartphone.
Four months after insider sources revealed that the South Korean technology giant was planning to support Ethereum tokens on its flagship phone, the company announced it will expand its offerings to to include bitcoin, Binance Coin and a host of other stablecoins.
코인데스크코리아와 부산광역시는 오는 9월3일 해운대 파크 하얏트 호텔에서 디지털 자산 거래소 박람회 ‘DAXPO2019’를 연다. 각 분야 전문가들을 초청해 다양한 관점에서 디지털 자산 생태계가 맞이한 새로운 국면을 진단할 예정이다.
블록체인 기술과 산업에 전문성을 인정받는 미디어 5사가 공동으로 아시아 최대 규모 블록체인 컨퍼런스 ‘코리아블록체인위크 2019(KBW2019)’를 오는 9월 27일부터 10월 4일까지 개최한다.
9월30일부터 10월1일 양일간 그랜드 인터컨티넨탈 서울 퍄르나스에서 팩트블록의 ‘코리아블록체인위크(KBW) 2019’ 주간(9월27일~10월4일) 중 메인 행사로 열리는 디파인 컨퍼런스에는 국내외 주요 기업들과 블록체인 프로젝트들이 대거 참여할 예정이다.