Bitcoin price dip may end Wednesday as Bitfinex bids hint at Fed 'buy the new...
Bitfinex traders are betting on some upside following Wednesday's Federal Reserve comments on inflation and asset purchases. Bitcoin (BTC) could see its last day of downside as buyers line up to cash in on Wednesday’s Federal Reserve meeting.On Dec. 14, bids began increasing on major exchange Bitfinex in a conspicuous sign that the market believes BTC/USD is destined to gain.Time to "sell the rumor, buy the news"?The Fed will deliver key information on the future of asset purchases — a form of quantitative easing (QE) — as well as inflation at the meeting, and bets are rising about the....
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Litecoin price made a minor new low yesterday to trade as low as $3.369 where it found bids, and started correcting higher. There are a couple of bullish candles formed on the hourly chart (data feed from Bitfinex), highlighting that buyers are making an attempt to take the price back higher. Litecoin price made a minor new low yesterday to trade as low as $3.369 where it found bids, and started correcting higher. There are a couple of bullish candles formed on the hourly chart (data feed from Bitfinex), highlighting that buyers are making an attempt to take the price back higher. However,....
On Wednesday, after bitcoin prices touched a new all-time high, thousands of bitcoins from the August 2, 2016, Bitfinex hack were transferred to unknown wallets. The exact count of BTC moved from the hack is not entirely clear, but one blockchain parser shows that over 12,208 BTC from the 2016 Bitfinex breach worth $754 million today was moved to various addresses. On August 2, 2016, the exchange Bitfinex was hacked for approximately 119,756 BTC, which is worth $7.5 billion using today’s exchange rates. That day, the price per bitcoin (BTC) slid 22% but the exchange managed to pay....
Litecoin price after trading near $3.00 recovered well. If the buyers manage to break the highlighted trend line and resistance area, then more upsides are likely. Litecoin price after diving towards the $3.00 support area against the US dollar moved back higher. It looks like a short-term range is forming of $3.18-$3.32, as the price found bids time and again around $3.18 and offers near $3.32. However, there are a few positive signs to look, as the price is above the 100 simple moving average (4-hours chart, data feed via Bitfinex). Moreover, the price also broke the 50% Fib retracement....
On Wednesday morning (ET), around 2,034 BTC ($21.6 million) from the 2016 Bitfinex hack moved into a few unknown wallets. The action was caught by the Btcparser program as five transactions with around 400 BTC each moved for the first time in four years. On August 2, 2016, the popular digital currency exchange Bitfinex was hacked for 119,756 BTC which is around $1.2 billion in bitcoin using today’s exchange rates. The hacker was able to swipe roughly 18% of what was stolen from Mt Gox a few years prior. Most of the stolen bitcoins sat idle for a little less than four years, but in....
On-chain data suggests there may have been a strong correlation between the Bitfinex Reserve and the Bitcoin price during the crash to $35k. Bitfinex Reserves Rose Sharply As BTC Price Plunged Down To $35k As pointed out by an an analyst in a CryptoQuant post, the movement in the Bitfinex reserve seems to have had […]