The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.The market data is provided by the HitBTC exchange. Can Bitcoin witness a scorching rally in the remaining part of the year? Tom Lee, Head of Research at Fundstrat Global Advisors certainly thinks so and he has his reasons. He is still hopeful that the leading digital currency can reach $25,000 by the end of the year. We, however, have maintained throughout that the people who are hoping for a repeat of the previous year’s rally will be disappointed. With a number of traders reeling under huge losses, it will take a lot of effort to turn sentiment aroun
There's an account on the EOS blockchain with $35 million worth of tokens in it that no one can touch – and its balance is growing constantly. At the end of EOS' first 12 months as a live blockchain, this account (called eosio.saving) will be worth close to $192 million, assuming the recent EOS market price of $4.79. In theory, that money is being set aside to fund all sorts of initiatives that might be beneficial to the EOS community: building out new tech features, conducting security audits, sponsoring meetups, hiring lawyers and lobbyists. But there's one problem: there's currently no system in place to actually allocate the funds. The EOS blockchain network was incomplete when it went live in June, with much of the functionality stipulated in the network's "constitution" and white pa
New issuances of stablecoin Tether (USDT) are not currently affecting the prices of either major cryptocurrencies or smaller altcoins, Bloomberg reports August 24.In the article, Bloomberg noted that the allegations that Tether has been used to manipulate or stabilize the price of Bitcoin (BTC) — previously put forward in a paper from the University of Texas — are not holding true for the crypto markets this August. The paper, published in mid-June, had claimed that Bitcoin reached its all-time high of $20,000 due to price manipulation involving both Tether and sixth largest crypto exchange Bitfinex, which is reportedly “the only direct client” of Tether. In a June article, Bloomberg had noted that the research paper used 87 examples of the largest purchases of Tether with BTC from March 2
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.The market data is provided by the HitBTC exchange. On August 22, the U.S. Securities and Exchange Commission (SEC) rejected 9 proposals for new Bitcoin exchange-traded funds (ETFs), but - perhaps surprisingly - the news did not result in a crypto market crash, like it did in similar instances before. This shows that very few purely speculative positions had been built expecting an ETF application to be approved. Another negative piece of news about China further tightening its restrictions on cryptocurrency trading was also taken in stride by the trade...
In the following series, BTCManager will be walking through, in detail, seven questions posed by the co-creator of Ethereum Vitalik Buterin. These seven questions are some of the most relevant features of this booming ecosystem. From latency, as in this week’s installment, to governance and everything in between. The series was inspired by a discussion between Buterin and a WeChat group called “Mars Finance Global Family.” To get started, have a look at the first installment related to Bitmain’s move to centralization and the threat of 51 percent attacks. Tick Tock Almost everything mechanical relies upon a precise sequence of actions in a precise amount of time to correctly function. For example, Wintergatan relies upon a precise mechanical sequence of action to create an amazing artistic
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.The market data is provided by the HitBTC exchange. On August 21, at 01:00 AM UTC time, Bitcoin prices surged, breaking out of the overhead resistance at $6617.5. Within 20 minutes, Bitcoin spiked from $6459.5 to $6827.5, topping out at $6888.32, an hour later. The upward move coincided with the scheduled maintenance on BitMEX and looks to have been a short-term trade. However, a breakout above $6617.5 is likely to have triggered stops on the short positions that had reached a four-month high on August 21. However, it is still too early to confirm if th...
Markets are receding again; EOS and Tezos falling, Iota and Lisk staying afloat.In a pattern we have witnessed countless times this year the market rally could not be sustained and cryptos have dumped again. Red dominates the boards this morning as total market capitalization wipes out the last few days’ gains and drops back below $215 billion.Bitcoin has remained stable and has not dropped with the rest of the altcoins. It is still trading at $6,470, the same level it has been at for the past couple of days. Consequently BTC market dominance has crept up again to 52.6% as its brethren suffers. Ethereum has been kicked again dropping 3.6% back to $285, its lowest level for almost a year.The altcoins are all in the red with EOS taking the biggest hit in the top ten dropping 5% back to $4.90
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.The market data is provided by the HitBTC exchange. In 2018, every consecutive fall of the crypto markets was followed by a very weak recovery. This is in stark contrast to 2017, during which every fall was followed by a ‘V’ shaped recovery. The total market capitalization of all cryptocurrencies is hovering close to the $215 billion mark, after having dipped below $190 billion on August 14. The next trigger is likely to be the U.S. Securities and Exchange Commission (SEC) decision regarding the Bitcoin exchange-traded funds (ETFs). If a new ETF proposa
Markets slowly recovering this weekend; XRP, EOS, Neo and Tron climbing back, VeChain falling slightly.The slow creep upwards has continued into the weekend as cryptocurrencies add more gains following their lowest levels of the year. Total market capitalization has crept up slightly and is currently holding above $215 billion, 14% up on Tuesday’s big dip.Bitcoin has not moved much over the past 24 hours, it is still trading at $6,500. BTC did reach and break $6,600 a few hours ago but resistance was too strong and it fell back again. Ethereum is still inching up with small gains every day now, today it is 2.2% higher to $308, though the ascent has slowed and prices have retreated a little.Altcoins are pretty much all in the green this morning. Leading the gains in the top ten at the momen
Friday, Aug. 17: all top ten cryptocurrencies by market cap have seen green today, with Ripple (XRP) and EOS up over 15 percent over the past 24 hours, according to Coinmarketcap. Market visualization from Coin360 Bitcoin (BTC) keeps gaining momentum, seeing a steady growth today with its price hovering around $6,500 point. The top cryptocurrency is trading at $6,495 at press time, up around 3.6 percent over a 24 hour period. Having plunged to as low as $5,961 earlier this week, Bitcoin is holding its weekly gains, up almost 7 percent over the week. Bitcoin 7-day price chart. Source: Cointelegraph Bitcoin Price Index Ethereum (ETH) has also seen a significant recovery from its recent crash to as low as $259. The top altcoin has restored around 6.5 percent over the past 24 hours, currently...