Bitcoin’s biggest ally could surprisingly be central banks: analysis

To most, Bitcoin’s rally from literal irrelevance to being one of the most valuable assets in the world is hard to explain. After all, a digital coin that was once given away for free through “faucets” is now worth over $7,000 a pop. A new analysis, though, has weighed in on one of the potential […]
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Thursday’s 10% Bitcoin eruption is paramount to the bull case: here’s why

Catching many traders off guard, Bitcoin rallied a jaw-dropping 10 percent on Apr. 23, jumping from $7,050 to $7,800 within what was under 30 minutes’ time, boosted by a cascading liquidation of short positions on derivatives exchanges. According to Su Zhu — the CIO of foreign exchange and crypto hedge fund Three Arrows Capital — […]
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$75 million liquidated: Bitcoin’s power move leaves trail of destruction for bears

Bitcoin saw an explosive upside movement earlier today that caught the cryptocurrency’s bears off-guard, leading to over $75 million in positions to be liquidated. Open interest (OI) on popular crypto trading platform BitMEX has also plunged in the time following this movement, with the freshly liquidated positions apparently leading many traders to move to the […]
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Bitcoin OTC trading just became easier with a new quote tool from BTSE

Cryptocurrency derivatives exchange BTSE has announced the launch of a new tool that will make it easier to access OTC trading on the platform. In a press release shared with CryptoSlate, the company said that the Request for Quote (RFQ) tool will allow traders to obtain a quote on a fixed price before purchase, enabling […]
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Bitcoin whale growth is macro bullish, but will it be enough to stop another massive selloff?

Data suggests that large buyers – sometimes referred to as “smart money” – have been in full Bitcoin accumulation mode over the past couple of months, with the number of proverbial “whales” hitting multi-year highs just in the past week. From a macro perspective, this data metric is offering significant hope to investors, as it […]
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Here’s why Bitcoin’s open interest is rocketing despite lackluster price action

Bitcoin has once again found itself caught in the throes of another period of consolidation as the benchmark crypto trades just a hair above its key near-term support at $6,800. This sideways trading has come about shortly after BTC posted a notable breakdown below the support that had been established within the lower-$7,000 region, leading […]
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Here’s why simulations of Bitcoin’s post-halving price may disappoint investors

Bitcoin’s upcoming mining rewards halving has been looked upon as a potentially bullish catalyst for the cryptocurrency for years, with many investors predicting that the impact it has on its miner dynamics will help boost BTC’s price. It is important to note, however, that there are some problems with this notion, and a recent report […]
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Bitcoin ATMs grow by 70% adding over 3,100 machines worldwide

The number of Bitcoin ATMs around the globe have grown substantially over the past year suggesting growing interest from consumers. BTMs popularity is on the rise Bitcoin ATMs, also known as BTMs, are popping everywhere in the world as demand for a convenient onramp to this so-called safe haven asset continues increasing. Data from Coin […]
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Bitcoin whale: only this sole fundamental factor would trigger sustainable rally

The Bitcoin price has been stagnant since April 2, rejecting the $7,300 to $7,400 resistance area three times in a span of 18 days. Joe007, arguably the biggest whale on Bitfinex, is holding a large short position, and is anticipating BTC to see a near-term correction. When asked if a 50 percent price increase from […]
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Bitcoin’s active address count hits 9-month highs, but BTC may still be “toast”

Bitcoin has seen some incredible fundamental growth in recent times, with network activity rocketing throughout the year while the crypto sees relatively strong price action in the face of immense global economic turbulence. Another fundamental factor that has shown significant signs of growth throughout 2019 is BTC’s active address count, which just recently set fresh […]
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