Bitcoin Trades Above $40K Once Again, Will This Time Be Different?
Bitcoin has returned to the $40,000 levels as it bounced back from the high area of around $30,000. The first crypto by market cap managed to hold off the bears and retraced some of this week’s losses. Related Reading | TA: Ethereum Faces Key Challenge, Why Fresh Decline Still Possible At the time of writing, BTC’s price trades at $40,200 with a 3% profit in the last 24-hours. The general sentiment in the market seems pessimistic as Bitcoin remains rangebound in higher timeframes. The cryptocurrency has been trading in the $30,000s to the $60,000s area, and in a tighter range over the....
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The popularity of cryptocurrencies in economically embattled Turkey has continued to surge with the number of daily trades now surpassing one million, a report has said. This surge in trades has been attributed to the depreciating lira which plunged to a new low against the USD on December 20. Lira Plunges Cryptocurrency trades in inflation-stricken Turkey have surged to above one million per day for the first time since March, a Reuters report citing Chainalysis and Kaiko data has said. According to the report, the return to over a million trades per day has come at a time when....
Another day, another bit of unusual trading activity on a Bitcoin exchange. As the Bitcoin price began to drop around 1 AM EST last night, at least one trading bot on BTC-e began to make some interesting trades. It seems that the trading bot has been caught in an endless loop, as it continues to either trade back and forth with itself or with other bots on the exchange. The unfortunate trading activity was first pointed out by Reddit user /u/nobodybelievesyou on /r/BitcoinMarkets. The details behind the bot or bots associated with this increase in trading volume are unknown at this time,....
There is blood running in the crypto market as top coins record losses across the board. Bitcoin and Ethereum are holding to critical support after an increase in selling pressure sent them below their weekly open. At the time of writing, BTC trades at $32,867 with a 3.2% loss in the weekly chart. ETH trades […]
While most of the financial headlines in the past few months have focused on the Greek debt crisis, another type of cash crunch has been going on in Latin America as well. Apart from Argentina, Brazil has also suffered a huge blow to its currency and capital flows, rendering bitcoin trades as an alternative form of investment. Brazil has benefitted from the boom in commodities last year and is currently paying the piper now that oil and gold have been dropping. To make things worse, political turmoil doesn't seem to have subsided in the country yet, limiting the profit opportunities for....
Reputed binary options platform BitPlutos has announced that it is offering cpecial risk-free trades on its clients' first deposits. The European broker-which exclusively uses Bitcoin as its primary method to execute binary trades-stated that it is focusing largely on introducing a zero-loss plan for traders, where they can freely trade Bitcoins on a number of available binary options. According to these plans, if a trader loses his/her binary bet, he/she is given a 100% reimbursement by BitPlutos, therefore excluding all risk from the executed trades. The offers vary according to the size....