Derivatives exchanges offer up to 100x leverage, but traders must consider how Bitcoin’s intraday volatility increases their liquidation risk. The crypto sector is in a bull market, and frequent evidence comes from anonymous traders who post their five-, six- and seven-figure investment returns as screenshots on Crypto Twitter. This condition creates a FOMO-like situation where […]
Report: ASIC Giant Bitmain Pre-Orders 5nm Chips Produced by TSMC’s N5 Process
Bitmain, one of the largest application-specific integrated circuit (ASIC) manufacturers in the world, is reportedly working with the Taiwan Semiconductor Manufacturing Company (TSMC) in order to leverage TSMC’s 5nm semiconductors. Industry sources say that the 5nm chips being created for Bitmain will start production in the third quarter. Chip Maker TSMC Reportedly Producing Semiconductors for […]
Major Oil Spills Won’t Happen Under A Bitcoin Standard
Environmental disasters are the result of cut corners, and cut corners are the result of inflation. There has been, on a consistent basis, environmental fear, uncertainty and doubt (FUD) in regards to the electricity consumption of bitcoin mining, since Bitcoin began. I pose that not only does Bitcoin not harm the environment, it is actually […]
Crypto Markets Take Deep Losses, Global Trade Volumes Skyrocket, Elon Battles Crypto Twitter
Bitcoin and a slew of digital currency markets are seeing significant losses on Sunday as a majority of coins are down between 2-15% during the last 24 hours. The entire crypto-economy has dropped more than 6% and bitcoin dominance is down to 40% the lowest the metric has been in two years. Crypto Markets Face […]
Bitcoin slips below $46K as correction deepens; institutions keep accumulating
After failing to reclaim the $50,000 level, BTC faces renewed selling pressure in the short term. However, short-term headwinds don’t negate the bull market. Bitcoin (BTC) price slipped below $46,000 on Sunday for the second time in four days, raising the specter of a deeper short-term correction for the flagship digital currency. Bitcoin fell to […]
Top 5 cryptocurrencies to watch this week: BTC, XRP, DOT, XLM, SOL
Bitcoin price remains under pressure but select altcoins like XRP, DOT, XLM and SOL are showing signs of resuming their uptrend. Bitcoin (BTC) has been struggling to rise above the $50,000 mark, which could have resulted in traders dumping their Bitcoin positions to invest in altcoins. Glassnode data suggests that whale addresses owning more than […]
Bitcoin crisis, Elon Musk criticized, Ether thrives, Dogecoin survives: Hodler’s Digest, May 9–15
Bitcoin crashes after Tesla abandons the cryptocurrency as a payment method, the crypto world criticizes Elon Musk and DOGE staves off competition from a furry rival. Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, […]
Elon Musk Doubles Down on Dogecoin, Tweets About Ideal Improvements
Elon Musk, CEO of Tesla and Spacex, has doubled down on its bet that dogecoin can become a currency able to address Tesla’s new set of environmental requirements. The entrepreneur has tweeted he is now working with Dogecoin developers to improve the currency, hoping it can evolve to be more energy efficient in the future. […]
Caitlin Long reveals the ‘real reason’ people are selling crypto
“Markets now can safely predict Bitcoin and crypto prices will likely exhibit high correlation with credit markets,” said Long. The founder and CEO of Avanti Financial is claiming Tether’s recent disclosure about the stablecoin’s reserves may have contributed to the altcoin selloffs last week. In a series of Saturday tweets, Caitlin Long said that Tether […]
ETH/USD Given Below 3500: Sally Ho’s Technical Analysis 17 May 2021 ETH
Ethereum (ETH/USD) came off early in the Asian session as the pair depreciated to the 3451.22 level after trading as high as the 3878.23 area during the European session, with the interday high representing a test of the 38.2% retracement of the depreciating range from 4384.83 to 3525.62. Traders lifted ETH/USD from the 3622.20 area […]