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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The founder and CEO of the analytics firm CryptoQuant has pointed out how the latest Bitcoin rally saw buying from the Coinbase exchange whales. Bitcoin Coinbase Premium Index Saw A Sharp Green Spike Alongside Rally In a new post on X, CryptoQuant founder and CEO Ki Young Ju has talked about the latest trend in […]
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 […]
Several prominent on-chain analysts and traders have turned short-term neutral to slightly bearish on Bitcoin as BTC struggles to reclaim $33,000. Ki Young Ju, the CEO at CryptoQuant and an on-chain analyst, says Bitcoin (BTC) is neutral to short-term bearish for the time being.There are two major indicators that have been useful in spotting trend reversals in the ongoing bull cycle.First, whenever the Coinbase premium appeared, which means BTC is trading higher on Coinbase than on Binance, for example, BTC saw bullish momentum. Second, the momentum of Bitcoin strengthened when it saw....