|Day's Range||9,250.698 - 10,236.927|
|52 Week Range||4,271.08 - 18,097.54|
|Volume (24hr) All Currencies||45.10B|
Bitcoin prices fell sharply this morning from $7,700 to below $6,800—an almost 12% drop— hitting a six-month low. Data from Rekto shows that derivatives exchange BitMEX saw more than $388 million worth of XBT Perpetual Swap contracts liquidated over the past 24 hours, which means that the exchange system has automatically closed a large […]The post Bitcoin drops below $6,800, hitting a six-month low appeared first on The Block.
At the time of writing, the price of Bitcoin (BTC) is sliding dangerously down a slippery slope. BTC has dropped close to 20% in value since last week, causing more than $100 million worth of Bitcoin long positions to be liquidated on derivatives exchange BitMEX. So why is Bitcoin's price falling so dramatically? By diving deeper into Bitcoin's hash rate behaviour and taking a look at trends over the last year, I will look to answer questions such as: Has interest in Bitcoin dipped? Who has been buying BTC? Is Bitcoin's hash rate linked to price? What is the long-term expectation for BTC? Interest in Bitcoin First, let's take a look at the level of interest in BTC over theThe post Why is Bitcoin's price crashing? appeared first on Coin Rivet.
Bitcoin has almost entirely offset the growth, which the cryptocurrency managed to achieve at the background of Chinese FOMO. Bitcoin has lost more than 5% in the last 24 hours and trades around $7,500.
ICE Futures Singapore and ICE Clear Singapore have announced that their cryptocurrency trading platform, Bakkt, will soon be launching Bitcoin monthly futures contracts settled in USD. The exchange, which is regulated by the Monetary Authority of Singapore, is the first fully regulated futures exchange for digital assets in the country. President of ICE Futures Singapore Lucas Schmeddes said: “Our new cash-settled futures contract will offer investors in Asia and around the world a convenient, capital-efficient way to gain or hedge exposure in Bitcoin markets.” The contracts will be listed by Bakkt Singapore starting on December 9. Bakkt already offers cash-settled futures contracts for Bitcoin in other jurisdictions. However, Bakkt’s current trading products have experienced slow uptake, and despite open contracts risingThe post Intercontinental Exchange announces cash-settled Bitcoin futures appeared first on Coin Rivet.
Bitcoin (BTC) is currently trading at just above $7,040 following a huge 20% drop in price since Monday. BTC has now broken most of its support levels and seems to be in a free fall, believed to be due to miner capitulation. Bitcoin has been consolidating since last month, and as such some analysts thought BTC would bounce back up at some point between $7,500 and $8,000. However, price movement went the other way and seems to be going down further. Will BTC recover soon? Let's take a look at Bitcoin's chart. At the time of writing, Bitcoin is on a very bearish trend. Lower highs are giving way to significant price drops. Since the massive bull market that tookThe post Latest Bitcoin price and analysis (BTC to USD) appeared first on Coin Rivet.
Today the price of Bitcoin is US$7,491.20; Ethereum is US$156.46; XRP is US$0.239610; Bitcoin Cash is US$215.69 and Tether is US$1.00. These are the top five cryptocurrencies by market capitalisation. About the top five cryptocurrencies The top 5 cryptocurrencies are the biggest and most significant cryptocurrencies and constitute the top half of The Top 10 Cryptocurrencies by market capitalisation. Bitcoin In August 2008, the domain name bitcoin.org was registered. On 31st October 2008, a paper was published called “Bitcoin: A Peer-to-Peer Electronic Cash System”. This was authored by Satoshi Nakamoto, the inventor of Bitcoin. To date, no one knows who this person, or people, are. The paper outlined a method of using a P2P network for electronic transactions without “relyingThe post Top five cryptocurrencies - latest price appeared first on Coin Rivet.
It’s a mixed start to the day, with Ripple’s XRP seeing early red. After Thursday’s meltdown, any further pullback could well lead to another sell-off.
It’s a positive start to the day, after Thursday’s meltdown. Bitcoin will need to break through to $8,000 levels, however, to support a recovery…
On Thursday, Canaan Creative listed its shares on Nasdaq under the symbol “CAN,” pricing at $9, the low end of the expected range. The post Bitcoin miner maker Canaan Creative raises $90 million in U.S. IPO appeared first on The Block.
Bitcoin has continued its four-week downtrend after a further 2.5% slump this morning, with a $2,000 move to the downside becoming increasingly likely. The $7,900 level of support is now being tested for the first time since October 23. A breakdown from this level could pave the way for a cataclysmic correction to the historic $5,900 level of support. The next logical stopping point for Bitcoin, if $7,900 is indeed broken to the downside, would be $7,400, which is the same level that spurred a 40% rally to the upside on October 25. However, lightning doesn't usually strike twice in terms of Bitcoin's price action, and a decline to $7,400 would almost certainly result in a prolonged move down toThe post Bitcoin edges towards major $2,000 correction appeared first on Coin Rivet.
It’s a mixed start to the day for the majors, with Litecoin struggling early on. A reversal could be on the cards should the trio fail to hit key levels.
It’s back into the red for the pair, as Wednesday’s reversal continued into the early hours. Moves in the late morning will be key for the day ahead.
In an article published by Fortune earlier today, PayPal CEO Dan Schulman shared his reasons for leaving Facebook’s Libra project, and also revealed which cryptocurrency he’s invested in. In June, PayPal originally indicated that it would become part of the Libra Association - the consortium of large companies that would work alongside Facebook on the Libra project. However, PayPal left the association in October to focus on its own projects, followed quickly by Mastercard and Visa. Since its announcement, Libra has faced growing regulatory pressures and widespread criticism from lawmakers, especially in the EU, who have described the project as "dangerous to the monetary system". PayPal CEO speaks out Polina Marinova, interviewing PayPal CEO Dan Schulman for Fortune, pressed forThe post PayPal CEO speaks out over Libra split appeared first on Coin Rivet.
It’s a positive start to the day for the trio. We’ve been here before, however. Failure to make a move by late morning could lead to another dive…
It’s a positive start to the day for the pair. Holding on to current levels through the morning would bring resistance levels into play.
Bitcoin continues to lose ground it managed to gain due to “Chinese FOMO”. At the moment, the benchmark cryptocurrency is losing 4% and trading around $8,100. This level is serious support for the benchmark cryptocurrency.
Stellar’s Lumen sees another heavy slide early on as the broader market struggles. For Ethereum, a return to $180 levels would support a rebound.
The Internal Revenue Service (IRS) is actively policing crypto ATMs for potential money laundering and tax issues, a top official told Bloomberg last Friday.The post IRS investigators scrutinize Bitcoin ATMs and kiosks appeared first on The Block.
It’s a bearish start to the day, with Tron’s TRX bucking the trend early. Bitcoin will need to move back through to $8,550 levels to signal a market boost.
It’s a slow start to the day for the majors. Following a range-bound afternoon, a lack of direction could hit the majors later in the day…
It’s a mixed start to the day for the majors. Support may well kick in later in the day, however, as the market looks to recover from a string of losses.