$2 billion worth of Bitcoin (BTC) options will expire on Friday, Aug. 27. Some analysts argue that a strong call (buy) option buying activity on Aug. 22 was likely the catalyst for the recent $50,000 price test. Digital asset trading firm QCP Capital mentioned in its market update that an entity has been “consistently pushing
Bitcoin
The price of Bitcoin (BTC) is back at the $50,000 level, and there’s little doubt that the 47% positive rally over the past 30 days has been fueled by whale accumulation, institutional adoption and positive remarks from regulators regarding a possible exchange-traded fund (EFT) approval. Despite the positive newsflow, the top traders at crypto exchanges
Most of the stories coming out of the crypto industry this past year have centered around enormous numbers flowing in and out of the space. From stablecoins topping over $100 billion, with Circle raising $440 million in private investment in the spring, to decentralized finance (DeFi) projects like Solana completing a $314 million fundraiser, people love
At the start of 2021, the cryptocurrency industry was bursting with news of increased institutional investment, and this is still largely true. Despite reports suggesting increased outflows from institutional investors, net inflows are still very much positive. Additionally, though Bitcoin (BTC) appears to be the investment of choice for liquidations, institutional investment into Ethereum (ETH)
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Infrastructure bill passes US Senate — without clarification on crypto
Bitcoin (BTC) is knocking at the doors of the key $50,000 level and most traders are still optimistic even after the digital asset rallied 70% from the July 20 low at $29,278 to an intraday high at $49,757.04 on Aug. 21. Monitoring resource Material Indicators pointed to a lot of puts at the $50,000 strike
Bitcoin (BTC) edged closer to $50,000 on Aug. 22 as concerns over a bearish downturn made a timely reappearance. “Modestly bearish” signs accompany $50,000 run-up Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting a high of $49,830 on Bitstamp Sunday — itself a three-month record. The weekend had proven the staying power of higher
The cryptocurrency market has successfully rebounded from the two-month slump it had gone into from late May to the end of July. Bitcoin (BTC) and Ethereum (ETH) have been leading the charge, posting impressive gains over the last two weeks. The market is seeing price levels that it had reached back in May of this
Attendees of the Black Hat hacker conference in Las Vegas were introduced to a new advertisement crafted by the U.S. State Department. According to individuals who accessed the government advertisement via an open Wi-Fi network called “#Rewardsnotransoms” they discovered the U.S. government is offering to pay crypto rewards to individuals who give up information concerning
After months of unrelenting turbulence, the crypto industry has been on somewhat of a tear over the last couple of weeks, with the total market capitalization of the space recently topping the $2 trillion mark for the first time since May. In fact, over the last 21 days alone, a whopping $700 billion entered the
Bitcoin (BTC) bounced at $46,000 support on Aug. 14 after an attempt to crack major resistance ended in rejection. Bitcoin rejects at $48,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rising to tackle a giant sell wall during Saturday, only to reverse downwards to Friday’s levels. As Cointelegraph reported, the area of seller
The year 2009 was marked by both the genesis of Bitcoin and the United States stock market starting an unprecedented bull market — one that’s continued almost uninterrupted since. However, murmurings of a crash are always present, and the noise has recently been getting louder. Against the backdrop of COVID-19 refusing to go away, stocks
Emerging economies like Vietnam, India and Indonesia are leading the charge when it comes to cryptocurrency adoption, underscoring important use cases for digital assets tied to remittances and financial inclusion. Finder’s survey of 42,000 people across 27 countries revealed that Vietnam had the highest adoption rate, with 41% of respondents claiming they had purchased cryptocurrency.
The regulatory scrutiny of blockchains and cryptocurrencies is increasing. From the cryptocurrency mining ban in China to President Joe Biden’s Working Group on Financial Markets, convened by Treasury Secretary Janet Yellen, the economic activities that support and are enabled by blockchains have become a significant concern for policymakers. Most recently, a provision in the proposed
Bitcoin (BTC) hiked 20% in seven days in an unexpected move that brought the price to its highest level since May 18. The price appreciation happened despite U.S. Treasury Secretary Janet Yellen reportedly supporting a broader definition of crypto companies in the HR 3684 infrastructure bill currently being considered in the U.S. Senate. Even though
The cryptocurrency market has shown a new level of resilience on Aug. 9 as a majority of tokens have managed to maintain recent gains and Bitcoin price hit a new 3 month high at $46,293. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were IoTeX (IOTX), CyberVein
After a great number of well known product brands like Burger King, Axe, Snickers, Milky Way, and Slim Jim have been riding the dogecoin hype, the American meat and cold cut manufacturer Oscar Mayer has also jumped on the dogecoin bandwagon. Similar to Axe, Oscar Mayer has also created a dogecoin-centric product and is auctioning
Multinational financial services firm, Fidelity Investments, has announced the purchase of a 7.4% stake of major North American mining company, Marathon Digital Holdings. Marathon currently operates 19,000 miners, with a further 100,000 machines slated for deployment over the next 12 months. With $4.9 trillion in assets under management Fidelity is one of the world’s largest
NCR Corp., a global leader in ATM software applications, has announced that it is acquiring Libertyx, the crypto company that claims to be “America’s first and largest network of bitcoin ATMs, cashiers, and kiosks.” NCR Acquires Libertyx NCR Corp. (NYSE: NCR), a leading enterprise technology provider, announced Monday “a definitive agreement to acquire Libertyx, a
Amid a renewed bullish trend on the cryptocurrency markets over the past few weeks, more users have moved into trading Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization. Data from blockchain analytics platform Glassnode shows that Bitcoin has seen a notable surge in terms of active addresses in the past week of July, with