Something Else Is Moving Bitcoin — Here’s What The Charts Reveal
Bitcoin’s latest pullback has little to do with crypto-native flows and everything to do with the dollar, according to chief crypto analyst at Real Vision Jamie Coutts. Sharing two charts on X, Coutts argued that a rebound in the US Dollar Index (DXY) is briefly tightening global liquidity and pressuring risk assets across the board. “Bitcoin’s dip isn’t mysterious — it’s macro,” he wrote. Why Is Bitcoin Down? “The dollar’s rebound is tightening global liquidity. DXY is retesting 100–101 — a key resistance and natural mean-reversion zone after one of the sharpest declines in decades in....
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Name: Reveal. What it is: A social networking question-and-answer app for mobile. Who's behind it: Led by the former founders of Kindr and gossip website JuicyCampus, Reveal has raised $1.5m from Boost VC and Digital Currency Group, among other investors. Cost: Free. Date launched: 16th June, 2015. Basic summary: Reveal is a SnapChat-like social network that allows users to ask questions and answer via photo or video. The social network uses reveal coin, an asset on the Stellar network, as its "currency of attention", allowing users a means to incentivize interaction. CoinDesk rating:....
Reveal, an "ask me anything" social network where users can create and share videos and earn Reveal Coin, has closed its $1.5 million seed round funding. Mike Hirshland of Resolute Ventures led the seed round, joined by Barry Silbert's Digital Currency Group, Adam Draper's Boost VC, Baroda Ventures and the Stanford-StarX Fund. Reveal is a social network that invites members to reveal things about themselves to one another and encourage responses by offering Reveal Coins, the network's cryptocurrency. Members can earn Reveal Coin by referring new members to the network and by having their....
Cryptocurrency-powered social network Reveal has closed $1.5m in seed funding from investors including Mike Hirshland of Resolute Ventures, Boost VC, Digital Currency Group and the Stanford StartX Fund. Founded by Matt Ivester, former CEO of social network Kindr as well as college gossip news site JuicyCampus, and Kindr CTO Josh Beal, Reveal is perhaps best described as a visually oriented, Q&A social mobile app. Like Instagram, SnapChat, Vine and other new social media incumbents, Reveal targets users in high school and college. Unlike these market leaders, Reveal's posts offer a unique....
Michael Saylor is one of the most vocal supporters of bitcoin and is CEO of MicroStrategy, the company with the largest bitcoin holdings in the world. The CEO has always been a big proponent of the digital asset, taking both a personal and professional stake in the asset. Saylor had revealed in 2020 that he holds over 17,000 BTC. At this time, bitcoin was still trading below $30,000 and Saylor had said that he got all of his holdings for an average of $9,882. Bitcoin has since grown over 100% since the CEO made his big reveal, pushing the value of Saylor’s holdings to almost $1 billion.....
The price of bitcoin continued moving sideways today, oscillating between $204 and $214. Earlier today, the price of bitcoin recorded a low of around $203, before bouncing back to $214 during the following hour. Since the 18th of January, the price of bitcoin has been moving sideways, which reflects the market's attempt to correct the price, yet the price will soon break out of this trend and increase as implied by the Fibonacci retracement fan plotted on the 1 day Bitcoin/USD charts (look at yesterday's analysis). By studying the Bitfinex 1 hour Bitcoin/USD charts from tradingview.com....