Data shows the ‘Bitcoin price drops ahead of CME expiries’ claim is a myth
Many traders believe the narrative that Bitcoin price drops ahead of CME BTC futures expiries, but data shows the trend is all bark and no bite. Historically, activity surrounding the Bitcoin (BTC) monthly futures and options expiry has been blamed for weakening bullish momentum. A few studies from 2019 found a 2.3% average drop in BTC price 40 hours before the CME futures settlement date. However, as Cointelegraph reported in June 2020, the effect faded away. While 2020 seems to have rejected the potential negative impact of CME expiries, so far, the current year appears to validate the....
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The latest data from Santiment shows that the collective market capitalization of all defi-related assets dropped by 25.1% on October 7, while daily trading volumes went down 30.2%. The data also shows popular defi tokens like Sushi took heavy knocks after dropping by 50.9% during the week. Also making the list of heavy droppers is Uniswap’s new token (UNI) which lost 38.2% and the YFI which dropped by 31.3%. According to Santiment’s Defi watchlist, many of these decentralized finance (defi) tokens have already erased the bulk of their summer gains. Meanwhile, as expected,....
In a time of universal surveillance, being anonymous is a revolutionary act. They often say that you come to Bitcoin for the technology and hang around for the drama. Yesterday there was plenty on display. From a death threat to a new message from the hacked Satoshi Nakamoto's account on the now famous p2pfoundation pages. All fun and games, but the hackers claim to know Satoshi's identity. There is little doubt that the hackers have access to the actual account. As much was shown by a screenshot of the account's inbox and by forwarded emails to a Bitcoin developer dating as far back as....
The price of Apecoin (APE) shows strength after bouncing from a weekly low of $3.10 against Tether (USDT). APE price has seen a relief bounce, with Bitcoin (BTC) rallying from a daily low of $19100 to a region of $23,000. (Data feeds from Binance) Related Reading: Are Higher Lows A Sign of a Growing Bitcoin Bull Run? Price Analysis Of APE On The Weekly Chart From the chart, the price of APE saw a weekly low of around $3.10, which has formed support. The price has built more momentum as it faces resistance at $10. With a break above the $10 mark, the price of APE would rally to $12. If the....
Bitcoin would likely extend losses further if Fed Chairman Jerome Powell drops hints of a gradual unwinding of stimulus programs later today.
Myth: No one knows who started Bitcoin. Truth: "Satoshi Nakamoto" is a fictional name for a single person, or, potentially, a group of people who wish to remain out of the public eye. Since they've managed to do this so far, it's likely that they have a long history of secrecy keeping. This suggests strong bonds, such as one finds in a governmental context (i.e. ex-NSA employees, like Snowden), or organized crime. In any case, it's likely that a few people, potentially including governmental security agencies, know who "he" is. Some of these people are undoubtedly becoming extremely rich....