Has Bitcoin And Crypto Really Bottomed? On-Chain Firm Responds
Has Bitcoin genuinely carved out a cycle low or just staged another reflexive bounce? After briefly threatening to lose the $80,000 level and then rebounding toward $88,000, the “bottom” debate is back in full force. On-chain analytics firm Santiment has weighed in – and its answer is cautiously skeptical. Did Bitcoin Just Print Its Cycle […]
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Traders are using a variety of strategies to determine whether Bitcoin price has bottomed, but on-chain activity and derivatives data hint that the situation remains precarious. Traders are using various strategies to determine whether Bitcoin price has bottomed, but on-chain activity and derivatives data hint that the situation remains precarious.Has Bitcoin price bottomed yet? According to @noshitcoins, derivatives and on-chain data signal that further downside could be in store.Traders have been trying to time the much-anticipated trend reversal ever since Bitcoin (BTC) initiated its....
Looking at current bitcoin market values over historical percentiles to show when the market is bottomed, topped or neutral.
“As a contested election deepens a crisis of legitimacy, Bitcoin presents an alternative to the existing system of governance.” The post Bitcoin Responds To American Vote Of No Confidence In Electoral Politics appeared first on Bitcoin Magazine.
Bitcoin’s intrinsic value has been heavily discussed in the crypto community this week following a remark by the governor of the Bank of England suggesting that the cryptocurrency may have no intrinsic value. Does Bitcoin Have Intrinsic Value? Bank of England Governor Andrew Bailey talked about bitcoin’s intrinsic value during a question and answer session with members of the public early this week. “I have to be honest, it is hard to see that bitcoin has what we tend to call intrinsic value,” he was quoted by Reuters as saying. “It may have extrinsic value in....
The BNB Chain team released its official statement on Oct. 7 regarding the hack and stolen funds, and a second statement on Oct. 11 on network decentralization. BNB Chain, the native blockchain of Binance Coin (BNB) and the Binance crypto exchange, has been subject to security-related developments over the last month.On Thursday, Oct. 6 the network experienced a multi-million dollar cross-chain exploit. The incident caused BNB Chain to temporarily suspend all withdrawal and deposit activity on the network.Initially, the announcement of the network outage cited “irregular activity” with an....