Bitcoin Crypto Analysis Cryptocurrency News

Institutions Just Closed a Vast Majority of Their Bitcoin Short Positions: Data

Bitcoin is pushing higher after bottoming at $11,150 last week. The asset now trades for $11,650 as of this article’s writing. BTC is trading above a pivotal support level as we come into the weekly candle close, which bodes well for bulls. Institutions are responding to the price action by closing their shorts they opened Read more…

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Bitcoin Cryptocurrency News DeFi

OKEx CEO Jay Hao: Many People Will Lose Money In DeFi (Exclusive Interview)

OKEx has become one of the largest cryptocurrency exchanges in the past several years. The company’s growth is continuously emphasized by the trading volume and the growing user base. CryptoPotato recently had the opportunity to do an exclusive interview with the CEO of the company – Jay Hao. Hao spoke of the challenges OKEx has Read more…

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Bitcoin Cryptocurrency News

Bitcoin Reclaims $11.5K, ETH Above $400: The Sushi Farming Tokens Skyrocket (Market Watch)

Following a few days of adverse price movements, most of the cryptocurrency market is recovering and is in the green today. Bitcoin is up to $11,500, Ethereum is trading above $400 for the first time since Tuesday. Even more impressive gains are evident from the lower-cap alts. Bitcoin Back Above $11,500 The primary cryptocurrency saw Read more…

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Bitcoin Crypto Analysis Cryptocurrency News

Here’s Why This Historically Accurate Analyst Thinks Bitcoin is In No Man’s Land

Bitcoin has flatlined in the mid-$11,000s over the past few days. Some say that this formation is bullish as BTC remains above the $10,500 support. A historically accurate analyst thinks that Bitcoin may technically be in no man’s land. He shared two scenarios, one bullish and one bearish, and noted that neither has been confirmed. Read more…

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Bitcoin Cryptocurrency News

This Eerie Silver Fractal Predicts Bitcoin Will Soon Shoot Towards $20k

As evidenced by the array of opinions online, many are divided over what’s next for Bitcoin. There are some saying that a massive bull is imminent. Others believe that a correction back towards $10,500, then lower, is entirely feasible. An eerie fractal that predicted Bitcoin’s ongoing consolidation, though, suggests the trend is bullish. The analyst Read more…

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Bitcoin Cryptocurrency News

Dave Portnoy Lost 1.6% of His Crypto Investment, Then Liquidated His Bitcoin

Dave Portnoy famously entered the Bitcoin and crypto market last week with the help of the Winklevoss Twins. He originally bought $250,000 worth of digital assets, $50,000 into Chainlink and the rest into Bitcoin. The video of him buying this cryptocurrency went crypto-viral as many acknowledged the significance of his entrance into the industry. While Read more…

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Bitcoin Cryptocurrency News

Why a Bloomberg Analyst Thinks Bitcoin Is “Tilted” Towards Rallying Even Further

Bitcoin’s rally has stalled after hitting $12,500 on Monday. As of this article’s writing, the price of the leading cryptocurrency is $11,800. This is $700 shy of the local high. The recent drop has scared some analysts, with some arguing that a drop towards the $10,000 is possible. Mike McGlone, the senior commodity analyst at Read more…

Bitcoin Cryptocurrency News

Bitcoin Eyes Another Attempt at $12K amid Global PMI Releases

Bitcoin is looking to retest $12,000 in the coming daily sessions as investors await the release of crucial purchasing managers’ economic indicators. Dubbed as PMI, which stands for Purchasing Manager’s Index, the index studies the prevailing direction of the economic trends in services and manufacturing sectors. It, therefore, serves as a barometer to gauge current Read more…

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Cryptocurrency News Ethereum

Tether Moves 1 Billion USDT to Ethereum Amid Sky-High Fees and Congestion

Ethereum’s network is on the brink of its highest congestion rate, while the transaction fees are still particularly high. Amid all of this, Tether has moved over 1 billion USDT from Tron’s network to Ethereum. Tether Moving 1 Billion USDT to Ethereum Earlier today, Tether, the company issuing the most popular stablecoin, USDT, announced that Read more…

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Cryptocurrency News DeFi Ethereum

Defi Is Coming to Qtum as Ethereum Rival Launches $1M Defi Dev Fund

Blockchain smart contract network Qtum has become the latest ecosystem to woo Ethereum developers. Unlike many of its rivals, however, Qtum can boast compatibility with Ethereum’s EVM, meaning developers can port projects directly over. On August 17, the Qtum Foundation announced a $1 million DeFi development fund that will be allocated to solo devs and Read more…