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Ep07- Moneyland – Companion Guide For BBC’s “The Missing Cryptoqueen” Podcast

What’s Moneyland? That’s what the first half of this “The Missing Cryptoqueen” episode is about. The second part is about Frankfurt, the city where...

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Quant Points Out Striking Resemblance Between 2017 And 2021 Bitcoin Cycles

A quant has pointed out the similarities between the 2017 and 2021 Bitcoin cycles, something that could hint at how the rest of this...

Bitcoin Reclaims $20,500; Here Are The Levels You Should Pay Attention To

BTC’s price shows strength as it bounces from a downtrend range price rallied to a high of $20,800 with eyes set on $21,600.  BTC could...

Polygon Price Could Aim For These Levels Before The Bulls Wane Off

Polygon price (MATIC) has retraced on its chart as the broader market depicted weakness. Over the last 24 hours, however, the coin has managed...

Polkadot Price Depreciates, Will The Bulls Be Able To Defend This Support Line?

polkadot-price-depreciates,-will-the-bulls-be-able-to-defend-this-support-line?

Polkadot price has retraced on its chart over the last 24 hours. The coin has started to register sideways movement on its one-day chart. During this period, the coin lost close to 2% of its market value. In the last week, DOT registered more than 6% appreciation, which caused the bulls to gain stamina and…

The post Polkadot Price Depreciates, Will The Bulls Be Able To Defend This Support Line? appeared first on Bitcoin News Miner.

Will A Bankruptcy Of Bitcoin Miner Core Scientific Impact The Price?

The largest publicly traded Bitcoin miner in the U.S. by hash rate and mining fleet, Core Scientific (CORZ), issued a bankruptcy warning in a filing with the SEC on Oct. 26. Shortly thereafter, the stock took a nosedive. The stock plummeted from $1.02 to $0.22. While the CORZ stock was trading at $10.43 at the beginning of the year, it is now down 97% year-to-date. Notably, the Bitcoin price was unimpressed by the news. As NewsBTC reported, a Bitcoin miner capitulation is currently the biggest intra-market risk. Therefore, it is questionable whether the risk of a capitulation event is now over or Core Scientific is the harbinger of a bigger crash? Related Reading: Bitcoin’s Biggest Intra-Market Risk Right Now – What You Need To Know Bitcoin Miner Core Scientific On The Ropes Documents filed with the U.S. Securities and Exchange Commission reveal that there is a possibility of bankruptcy. The company said it will not make its debt payments due in late October and early November. In addition, Core Scientific announced that holders of its common stock “could suffer a total loss of their investment.” Cash could be depleted by the end of the year or sooner, in part because Celsius arguably owes the miner $5.4 million. Related Reading: Bitcoin Price Just Saw Technical Correction, Why BTC Could Rise Again However, responsible for the Bitcoin miner’s situation, however, according to management, are that “operating performance and liquidity have been severely impacted by the prolonged decrease in the price of bitcoin, the increase in electricity costs,” as well as “the increase in the global bitcoin network hash rate”. Compass Point analysts believe bankruptcy is a real possibility, as CNBC quotes: Still, without knowing how discussions are going with CORZ’s creditors, we think a scenario where CORZ has to file for Chapter 11 protection has to be taken seriously, especially if BTC prices decline further from current levels.  For the moment, the Bitcoin miner is considering various options for raising additional capital. All-Clear For The Bitcoin Price For Now? The SEC document gives the all-clear for the bitcoin price in that a sale of Core Scientific’s bitcoin holdings has already taken place. The company now holds only 24 Bitcoins; 1,027 Bitcoins were already sold last month. In this respect, Core Scientific’s treasury is not more of a concern, but rather the overall bad state of the Bitcoin mining industry. The industry is suffering from skyrocketing electricity costs as well as the depressed Bitcoin price. Many larger Bitcoin mining companies ordered new hardware when the price was much higher. Due to long delivery times, they received the machines much later, at a time when the hash price was already much less profitable. Another well-known Bitcoin miner, Compute North, filed for bankruptcy back in September and owes at least 200 creditors up to $500 million,as Bitcoinist reported. The next few months will therefore have to reveal whether it will take a deeper shakeout to flush unprofitable and over-leveraged miners out of the market. Core Scientific had the highest debt to equity ratio in the industry at 3.5x. Currently, the miner net position change continues to indicate that the industry is exerting selling pressure on the market. The metric shows that the total number of Bitcoins sold by miners was higher than the amount held on every day throughout October. From a technical perspective, BTC looks ´poised to reach long territory’ soon. For now, the price needs to sweep the low and should hold the level at $19.9K.

The Inverted Bitcoin Chart Bears Don’t Wanna See | BTCUSD Analysis October 27, 2022

In this episode of NewsBTC’s daily technical analysis videos, we flip the Bitcoin price chart upside down to get a unique perspective on the market. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): October 27, 2022 We also examine a weekly buy signal on BTCUSD using the Relative Strength Index, and show several examples of the signal’s effectiveness using Bitcoin and other assets. Related Reading: Bitcoin Bollinger Band Breakout Starts To Squeeze Shorts | BTCUSD Analysis October 26, 2022 Inverted Bitcoin Price Chart Could Suggest Bear Market Is Over When price action seems confusing, inverting the chart of any asset can help to remove bias and provide a clearer picture. Looking at BTCUSD from this perspective, it sure looks like a retest of horizontal support turned resistance. There is also an ongoing breakdown of an uptrend line. But remember, everything is upside down. On higher timeframes, diagonal downtrend resistance remains intact. We can also clearly see very similar price action across the last major “top” which is actually the 2018 bear market bottom. When you flip things right side up again, does Bitcoin really look all that bearish? Bitcoin bulls can turn that frown upside down | Source: BTCUSD on TradingView.com Related Reading: Are Bitcoin Bulls Ready To Stampede? | BTCUSD Analysis October 25, 2022 BTCUSD Weekly RSI Buy Signal Days Away From Confirming Moving along, we also have a potential buy signal on the weekly Relative Strength Index. This one is particularly important, as this is how the tool’s creator intended it to work. The buy signal happens when a higher high is made on the RSI, after reaching oversold conditions and holding above oversold territory on a subsequent bounce.  It does help that BTCUSD weekly is also working on breaking out of downtrend RSI resistance also at the very same time. Looking back at past Bitcoin bottoms, we can see that it was this exact buy signal that put in each bottom on weekly timeframes. We can also see there is a cyclical rhythm to when each downtrend has come to its conclusion. Cyclical timing could suggest crypto winter is over | Source: BTCUSD on TradingView.com Related Reading: Can Bitcoin Bring An End To Crypto Winter? | BTCUSD Analysis October 24, 2022 The End Of The Dollar Rally Could Conclude Crypto Winter If that was a RSI buy signal on the BTCUSD weekly, what we are about to see is a sell signal on the RSI via the DXY weekly. The sell signal on the Dollar Currency Index is beginning to break down from a diagonal RSI support line, and break down from its ongoing parabola.  Putting the DXY and Bitcoin chart side to side, we can see that there are directly opposing signals on each chart. Watch the full video for the complete analysis and more comparisons. The dollar and BTC are giving opposite signals | Source: BTCUSD on TradingView.com Learn crypto technical analysis yourself with the NewsBTC Trading Course. Click here to access the free educational program. Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

Cardano (ADA) Gains Over 13% In Value Over The Week

ADA, the native token of the Cardano blockchain, is on a bullish run. The token has gained over 13% in terms of price movements as it tries to recover its October losses. ADA also boasted significant gains earlier today; however, it is down 1.46% at $0.4046. Cardano’s weekly gains are not the only thing community members are celebrating. The blockchain’s NFT sector has also experienced substantial gains. Cardano community members also hope that some big changes will come to the blockchain this November.  Related Reading: Dogecoin (DOGE) Rallies With Over 10% Gains; Will Price Finally Hit $0.1? Cardano Gains Over 13% As European Parliament Member Calls It A “Rocket” Cardano has bagged impressive gains in the last 7 days, leaving traders with an overall gain of more than 13%. The blockchain network’s activity in the last 24 hours also shows a substantial increase in trading volume and number of transactions. Specifically, ADA outpaced the market with a 150% increase in trading volume in the last day alone. The token’s weekly chart also showed impressive gains. ADA increased by over 13%, making it one of the top performers among all cryptocurrencies. The ADA/USD pair broke above the resistance level of $0.36, which could be considered a positive sign for investors. The recent surge in ADA prices comes after a European parliament member called the cryptocurrency “a rocket in the crypto space.” MEP Stefan Berger commented on Twitter after his encounter with Frederik Gregaard, CEO of the Cardano Foundation.  ADA listing On FTX Might Be Disastrous, Cardano Founder And BitBoy Argue Ben “BitBoy” Armstrong, a crypto influencer, voiced his reservations over ADA listing on FTX on Tuesday, Oct. 24. BitBoy tweeted that FTX might compel bankrupt crypto broker Voyager to liquidate all ADA holdings with the spot pair listing. In response, Cardano co-founder Charles Hoskinson said that Voyager ADA accounts should not be liquidated if FTX begins trading ADA. FTX’s CEO, Sam Bankman-Fried, has been silent thus far. ADA Experiencing A Mini Bull-Run, Cardano Educator A popular Cardano influencer has remarked that the crypto is in the midst of a bull run. The influencer, known pseudonymously as ADA Whale, made the statement on Twitter yesterday (October 25th) while referring to the network’s recent activities. The influencer wrote: We’re in the midst of a mini bull run in network activity with daily txn tending to 100k at a blockchain load of 50%. The educator noted two factors were responsible for the bull run. “The uptick is mostly thanks to the NFTs bull run, but trading on dexes has also notably picked up in recent weeks,” ADA Whale added. Related Reading: Is Bitcoin Rise Above $20k Sustainable? Here’s What On-Chain Data Says Prior to this, the Cardano educator made bullish predictions about the token. He noted that Cardano would “explode” in the next bull cycle once “DeFi, NFTs, and community engagement” start taking off. The educators mentioned that institutional investors appear to be losing interest in layer one (“L1”) blockchains. Therefore, it should provide space for Cardano (with its highly devoted and passionate community) to “thrive.” Featured image from Pixabay and chart from TradingView.com

Dogecoin (DOGE) Rallies With Over 10% Gains; Will Price Finally Hit $0.1?

DOGE’s worth exhibits power because it bounces from a downtrend vary with excessive quantity, aiming for a rally to $0.1. DOGE faces a serious check to pattern greater above $0.1 after the worth broke out of its long-range worth motion. DOGE’s worth stays robust above the 50 Exponential Moving Average (EMA) because it makes an […]

The post Dogecoin (DOGE) Rallies With Over 10% Gains; Will Price Finally Hit $0.1? appeared first on Bitcoin Upload.

Aptos (APT) Continues To Hold Gains During Market Uncertainty

Despite trading in the red zone on the day, Aptos continues to hold decent gains in the last few weeks. Launched this October, the potential Solana killer has recorded huge trade volumes in just the first few trading days. The price of one APT token rose by more than thirty percent throughout the last weekend. Specifically, it increased from $7 to an all-time high of $10.25 on Sunday, October 23. Since then, there has been a retracement in the price of APT, which has settled at $8.89 at press time. There’s no telling where Aptos will go from here. But despite a 1.46% decline on the day, Aptos is still holding decent profits from when its launch price. Related Reading: This Bitcoin On-chain Retest Can Change Market’s Course, Here’s How Aptos Positions Itself As A Top-50 Coin Despite Criticism On October 17, the Aptos team announced they had successfully launched their mainnet. Afterwards, the APT token was made available for trade on several cryptocurrency platforms. The token didn’t take much time to position itself as a top-50 coin on CoinMarketCap. Aptos grabbed the 47th spot with a total supply of 130,000,000.00 and a $1,178,169,163 market cap. However, Aptos experienced some volatility at launch amid several criticisms from traders and the entire crypto community. Twitter criticized the initiative, stating the chain’s 7 TPS is considerably below the 130k TPS promised before launch. Traders were also concerned about the project tokenomics. They noted that it slightly favoured the private investors and developers who obtained a massive 50% of the token supply and presently retain 80% of them. Furthermore, the project has been met with many scam airdrops, resulting in the team muting the token’s Discord server. The project’s founder, Mo Shaikh, defended it on Twitter by saying, “building a decentralized protocol from the ground up is tough!” However, as we all know, you never get a second chance to make a good first impression. Aptos Trading Red on The Day, More Negative Trends Ahead? The current trend of Aptos is bearish. As of writing, Aptos is losing 3.88% against the US dollar, trading at $8.93. According to Wu Blockchain, the main reason is the negative Aptos token perpetual contract financing rates on Binance, OKX, Bybit, and FTX. With a negative rate, bearish sentiments prevail, and short-sellers are eager to compensate long-sellers.  Active hedging may be the main cause of these negative financing rates. This comes after Aptos’ engineers revealed a lack of knowledge of some blockchain processes, such as the Sybil attack. APT had a large increase in selling pressure after an unexpected airdrop was released, leading to the creation of short positions. Related Reading: Bitcoin’s Break Above $20,000 Sees Market Liquidations Cross $1 Billion As funding rates become blatantly negative, short liquidations often occur, leading to a “short squeeze” or unexpected bounce. There’s no telling where the Aptos price will face next. However, it has faced resistance at the $9.17 mark today and looks to retest the level before the trading day ends. Featured image from Pixabay and chart from TradingView.com

Cardano Rebounds With 12% As Price Nears Resistance, Is $0.5 Possible?

cardano-rebounds-with-12%-as-price-nears-resistance,-is-$0.5-possible?

ADA’s price shows strength as price bounces from a downtrend with strong volume as price eyes a rally to $0.5. ADA faces rejection to trend higher above $0.4 as the price faced a sharp rejection below key resistance. The price of ADA continues to hold strong below the 50 Exponential Moving Average (EMA) as the…

The post Cardano Rebounds With 12% As Price Nears Resistance, Is $0.5 Possible? appeared first on Bitcoin News Miner.

Ethereum Price Registers Gains, Is This A Rebound?

Ethereum price has moved up on its chart over the last 24 hours. The altcoin witnessed a 4% growth in the same time frame. This has pushed the price of the altcoin closer to the immediate resistance. Once the Ethereum price moves above the closest resistance level, the bulls could definitely take control of the market. Technical indicators of the altcoin have pointed towards bullish signals. However, it is too soon to say if the bulls will remain on the chart over the next trading sessions. Bitcoin price also logged minor gains, which have turned certain altcoins green over the last 24 hours. In the last week, Ethereum price appreciated by 4%. This indicated that most of the gains made by the altcoin were registered over the last day. The crucial price mark for the altcoin remains at $1,400. If the bulls can maintain their momentum, the altcoin could break through the $1,400 barrier in the coming trading sessions. Buying strength has seen a considerable increase as ETH moved north over the last 24 hours. Ethereum Price Analysis: One-Day Chart ETH was trading at $1,380 at the time of writing. The coin has finally moved upwards after a phase of consolidation. The bulls could push past the $1,400 level over the next trading session if they hold the momentum. The bulls will gain further control if that level is crossed. The other resistance mark for the coin stands at $1,500. A move above the $1,500 level could propel the price of Ethereum to $1,680. On the other hand, a small drop in price will bring Ethereum to $1,340 and then to $1,268. The amount of Ethereum traded in the last session increased, signifying bullish price action. Technical Analysis The altcoin’s northbound movement brought buyers back into the market. The technical indicators had signalled that the bulls had re-surfaced along with the buyers. The Relative Strength Index zoomed above the half-line in an indication that buyers have outnumbered sellers in the market. Ethereum price was above the 20-SMA, which meant that demand for the altcoin had increased and that buyers were driving the price momentum in the market. Related Reading: Ethereum Price Bulls Keeps Pushing, Why Rally Is Round The Corner The other technical indicators were also in accordance with the buyers. Ethereum had depicted buy signal on the one-day chart. Moving Average Convergence Divergence indicates the price momentum and the overall price direction of the asset. The MACD continued to display green signal bars above the half-line, which meant that there were buy signal for the crypto. Bollinger Bands measure the price volatility and the chance of price fluctuation. The bands were super constricted and this reading is often associated with explosive price action. Related Reading: Ethereum Price Will Rally If This Happens; What Could That Possibly Be? Featured Image From UnSplash, Charts From TradingView

Binance USD Supply Increases Amid Heated Stablecoin Wars

binance-usd-supply-increases-amid-heated-stablecoin-wars

The aim behind stablecoins development was to provide stability over the highly volatile nature of crypto assets. This means that stablecoins hedge your funds against the impact of macroeconomic factors like inflation. Currently, stablecoins represent about 15% of the total crypto market cap of over $933 billion. Several prominent firms have created their stablecoins. Usually,…

The post Binance USD Supply Increases Amid Heated Stablecoin Wars appeared first on Bitcoin News Miner.

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