As Bitcoin rises above $41K, can Coinbase keep up with the rally?
Major crypto exchange Coinbase appears to be operating smoothly even as Bitcoin sets a new price high above $41,000. Coinbase is under the microscope as the Bitcoin price surged past $41,000 following a minor retrace after topping $40,000 on Thursday.The United States-based crypto exchange is known for experiencing serious connectivity issues during periods of peak trading activity. Indeed, these disruptions have reportedly prevented traders from taking advantage of price gains and dips, robbing them of profit-taking and reentry opportunities.As Cointelegraph recently reported, Coinbase....
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Cardano’s (ADA) community long-awaited announcement has arrived. Coinbase has listed ADA on its main and pro platform. Starting today users will be able to start trading the cryptocurrency in all supported regions. Users will be able to buy, sell, convert, receive and store the funds in ADA. These can be traded on the date referred […]
The price of Bitcoin surged past $32,000 as buyers on Coinbase aggressively accumulated BTC. Coinbase has seen a large spike in buyer activity overnight as the price of Bitcoin (BTC) surpassed $32,500 on Jan. 2. Analysts say the trend was reminiscent of MicroStrategy’s Bitcoin accumulation, possibly fueled by institutional buy orders. As a result, BTC surpassed $31,000, reaching a new all-time high.BTC/USD daily candle chart (Coinbase). Source: TradingviewCoinbase buyers were the catalyst for the Bitcoin rallyIn the last 48 hours, Coinbase has continuously seen a high premium compared to....
Data shows the Bitcoin Coinbase Premium Gap has turned positive recently, a sign that institutional entities have started buying the asset again. Bitcoin Coinbase Premium Has Been Positive Alongside Latest Rally As pointed out by an analyst in a CryptoQuant Quicktake post, the Coinbase Premium Gap, which had negative values just earlier, has switched back […]
BTC.D rises in price as altcoins suffer a bloody day in crypto. BTC.D attempts to break out above 8, and 20-day Exponential Moving Averages as altcoins struggle to hold their key support. The price of BTC.D eyes a rally to 48% as this could mean more pain for altcoins. Many altcoins have experienced a relief bounce across the market as Bitcoin Dominance (BTC.D) remains below the 40% marked area allowing altcoins to rally when the market recovers. With Bitcoin Dominance (BTC.D) rising from the ashes, we could see the price of altcoins suffering more pain than expected if the price....
Bitcoin has undergone a strong rally over recent months, gaining in tandem with legacy markets. While many think that the cryptocurrency’s rally is just a byproduct of a correlation with the S&P 500, there are some that think the asset has immense intrinsic value in the current macro environment. Namely, with the vast amount of money printing taking place, the value of a decentralized, digital, and scarce currency rises dramatically. Bitcoin Will “Be Your Only […]