Bitcoin Investors Pocketed 42% in Gains During the Second Quarter of 2020

Bitcoin Investors Pocketed 42% in Gains During the Second Quarter of 2020The second quarter of 2020 was very profitable for bitcoin investors, according to data analytics firm Skew. During the period, the top cryptocurrency climbed 42%, its fourth-best quarterly close since 2014. For the March quarter, the digital asset fell 10.6%, dragged by the massive Black Thursday crash. As a matter of fact, bitcoin declined in […]

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Gold Industry Shaken as 83 Tons of Fake Gold Bars Used to Secure $2 Billion Loans in China

The gold industry has been shaken after it was discovered that 83 tons of fake gold bars have been used as collateral for loans worth 20 billion yuan from 14 financial institutions to a major gold jewelry manufacturer in Wuhan, China. This amount of gold “would be equivalent to 22% of China’s annual gold production […]

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Record Breaking Unmoved Bitcoin Data Sparks Expectation of Imminent Bull Run

Record Breaking Unmoved Bitcoin Data Sparks Expectation of Imminent Bull RunThe amount of bitcoin that has not moved in over a year is at an all-time high. The last peak was in 2016, before the bitcoin bull run that saw the price spike to $20K. Several forecasting models have predicted that the price of bitcoin will reach $20K this year and the next bull run […]

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Comprehensive Analysis Predicts Bitcoin Price Near $20K This Year, $398K by 2030

Comprehensive Analysis Predicts Bitcoin Price Near $20K This Year, $398K by 2030A new, comprehensive analysis has predicted the price of bitcoin to reach almost $20K this year and will keep rising to almost $400K by 2030. The researchers have also predicted the future prices of several other major cryptocurrencies, including bitcoin cash, ethereum, and litecoin. New Bitcoin Price Forecast The June edition of the Crypto Research […]

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Bitcoin Price Dump: Miners Start Selling 9,000 BTC, Possibly Opening Bear Cycle

Bitcoin Price Dump: Miners Start Selling 9,000 BTC, Possibly Opening Bear CycleBitcoin miners on Tuesday transfered nearly 3,000 bitcoin, worth around $28 million, directly into exchange wallets. Several thousand others were likely moved via over-the-counter (OTC) deals. Direct exchange transfers represent the largest flow of bitcoin (BTC) from miners to such platforms in over a year, according to Glassnode data. The bulk of the volume of […]

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Bitcoin Price Dump: Miners Start Selling 9,000 BTC, Possibly Opening Bear Cycle

Bitcoin Price Dump: Miners Start Selling 9,000 BTC, Possibly Opening Bear CycleBitcoin miners on Tuesday transfered nearly 3,000 bitcoin, worth around $28 million, directly into exchange wallets. Several thousand others were likely moved via over-the-counter (OTC) deals. Direct exchange transfers represent the largest flow of bitcoin (BTC) from miners to such platforms in over a year, according to Glassnode data. The bulk of the volume of […]

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Report Shows Crypto Derivatives Volumes Soared 32% to a Record $602 Billion in May

Report Shows Crypto Derivatives Volumes Soared 32% to a Record $602 Billion in MayCryptocurrency derivatives trading volumes climbed 32% in May to a new record high of $602 billion, according to data analytics company Cryptocompare. Total spot volumes grew at a slower pace, rising 5% to $1.27 trillion in May, the London-based firm said in a new report published June 4, 2020. The figures show increasing investor interest […]

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Exponential Growth: Bitcoin’s Trading Volume Could Rival Major Asset Classes

Exponential Growth: Bitcoin's Trading Volume Could Rival Major Asset ClassesBitcoin’s trading volume has experienced exponential growth which could reach levels similar to major asset classes, according to a new report by Coin Metrics. The cryptocurrency’s daily volume could exceed that of all U.S. equities in less than four years and all U.S. bonds in less than five years, the analysis shows. Bitcoin’s Volume Growth […]

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Bitcoin Fees Fall 60% While Transaction Count Declines

Bitcoin Fees Fall 60% While Transaction Count DeclinesBitcoin (BTC) average transaction fees dropped by nearly 60% in the last week, as the number of transactions queuing up to be processed on the network eased. According to data from Bitinfocharts, the cost of making a transaction over the Bitcoin blockchain fell to around $2.61 on May 28, down from just over $6.28 six […]

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Bitcoin Risks Turning Bearish Due to Declining Market Health, Says Glassnode

Bitcoin Risks Turning Bearish Due to Declining Market Health, Says GlassnodeBitcoin (BTC) risks sliding back into bearish territory should onchain activity and overall market health continue to decline, warns analytics firm Glassnode. The latest market update from Glassnode shows that the GNI index, which measures the overall state of the Bitcoin network, dropped 18% or 13 points week-on-week, to a value of 60 points. Simultaneously, […]

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