Bitcoin Stalls Near $75K As Traders Move Coins To Exchanges
A key price level is giving Bitcoin trouble — and on-chain data may explain why. Related Reading: XRP Moves Into ‘Scarce Zone’ As Exchange Supply Dries Up Realized Price Puts A Ceiling On The Rally The $75,000 mark is not just a round number for Bitcoin traders. It sits at the lower band of what analysts call the “traders’ on-chain Realized Price” — a metric that tracks the average price at which active market participants last moved their coins. According to CryptoQuant head of research Julio Moreno, that band has historically acted as a ceiling during bear markets, and....
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As bitcoin trades in a range, traders are studying the "Grayscale premium" and watching traditional markets for clues to the next market move.
One of the world's largest Bitcoin exchanges, OKCoin, has just announced yet another service they will be adding for their Bitcoin traders - futures. Futures allow for traders to hedge their risk when dealing with high levels of volatility, which is one of the largest challenges Bitcoin faces at this time. Futures trading is something offered on most stock brokerage service such as E*Trade or TDM Ameritrade, and is now coming to the Bitcoin arena. OKCoin's futures trading allows traders to "lock in" future prices to buy their coins. Futures are legally binding agreements between two....
Crypto trading platforms in South Korea are delisting certain digital currencies as they move to comply with stricter rules for the industry. The trading of some high-risk coins has been either halted or completely suspended on several Korean exchanges this week. South Korean Exchanges Wipe Trading Lists of Risky Digital Assets Trying to meet Seoul’s tougher new rules for the cryptocurrency sector, Korean exchanges are now purging their trading lists of high-risk assets. According to a report by Arirang, a number of crypto trading platforms have temporarily halted or ended the....
According to reports on social media, crypto forums, onchain metrics, and the Solana Status Twitter account indicate that Solana’s blockchain has stalled. Solana mainnet-beta suffered a four-hour downtime and is still down after a technical glitch. ** Editor’s Note: At 3:30 p.m. (EST) on Sept. 14, 2021, this post was updated with a statement written by the Solana Status Twitter account. At the time of update, Solana’s issues still persist and the community is preparing a fix. Solana’s Network Stalls In recent times, solana (SOL) joined the top ten crypto assets....
Nearly one year after the release of its sidechains white paper, bitcoin technology startup Blockstream has announced the first commercial application of the technology. Dubbed Liquid, the unlaunched offering will serve bitcoin exchanges, payment processors and traders by reducing the time in which bitcoin-denominated funds can be transferred between accounts at these institutions. Five major bitcoin startups - Bitfinex, BTCC, Kraken, Unocoin and Xapo - will operate the private sidechain, allowing partner exchanges to move funds between order books without the need to transfer funds on the....