Amber Group's co-founder Tiantian Kullander passes away at 30
Tiantian Kullander, known to many as TT, has unexpectedly died in his sleep on Nov. 23.
Tiantian Kullander, known to many as TT, has unexpectedly died in his sleep on Nov. 23.
This is a sensitive topic, the collapse of Terra and its ecosystem took at least a $50B of market cap out of crypto. So definitely the people who had invested a lot of their money into it, lost nearly all. And all of that was a complete ponzi-scheme by Do Kwon and his partners. But…
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Bitcoin and most major altcoins are witnessing a relief rally but higher levels are likely to attract strong selling by the bears.
Xrp rallied to a three-week high on Friday, breaking out of a long-term resistance level in the process. The token rose to its highest level since early November, as prices surged for a fifth straight session. Dogecoin also hit a multi-week high, rising by nearly 10% today. XRP XRP, formerly known as ripple, rose for […]
I'm looking into black friday deals and I was planning on getting two different wallets for long term storing, one for btc and one for eth. According to what I found, you can either have a btc-only or multi currencies hardware/airgapped wallet. I haven't found anything such an ethereum-only option. Am I correct? Where do…
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BTC’s price is rejected from breaking above $16,700 as this region is too strong for bulls. BTC’s price remains bearish in the high timeframe as most traders and investors remain cautious. BTC’s price bounces from a low of $15,500 on the daily timeframe as the price reclaims $16,500 as price struggles to break higher above the 50 Exponential Moving Average (EMA) The price action demonstrated by Bitcoin (BTC) in recent times has been better than the previous week as the market suffered from some price decline affecting most crypto assets. Despite the relief bounce from Bitcoin (BTC), the price still trades below the key region of interest that would attract the attention of many buyers. The Domino effect of the FTX saga and other huge investors has left the market at a standstill as the market is yet to make a major move leading to much fear about where the market could be headed. (Data from Binance) Related Reading: Litecoin (LTC) Must Maintain $77 Level To Sustain Enthusiasm Come December Bitcoin (BTC) Price Analysis On The Weekly Chart Despite the uncertainty and turbulence that has affected the price of Bitcoin (BTC) and the crypto market at large, many altcoins are struggling for survival, trying to stay afloat as the prices of altcoins continue a downward price movement. Bitcoin (BTC) has suffered more price loss, as the price dropped from a high of $69,500 to a weekly low of $15,500, leading to speculation of a further drop to $12,000. BTC’s price declined from a weekly region of $20,500 to a region of $15,500 due to the FTX fiasco, as the price found minor support to hold the sell-off in price to a further weekly low. The price of BTC bounced off from $15,500, rallying to a high of $16,700, where the price faced rejection breaking higher. The price of BTC needs to hold above $16,000 to keep alive the hope of a relief bounce. Weekly resistance for the price of BTC – $18,500. Weekly support for the price of BTC – $15,500. Price Analysis Of BTC On The Daily (1D) Chart The price of BTC remains considerably strong in the daily timeframe as the price trades above $16,000 after BTC saw its price decline from $20,500 to $15,500 as the market continues in its state of uncertainty. BTC’s price continues to struggle as price aims for more relief bounce from this region. The price of BTC needs to reclaim and trade above $18,500 for a short-term relief bounce. If the price of BTC fails to flip the region of $17,500, we could see more rejection in BTC price to a region of $15,500 and even lower. Daily resistance for the BTC price – $17,500. Daily support for the BTC price – $15,500. Related Reading: Dogecoin Jumps 10% As Gokhshtein Claims Buterin And Musk Will Work Together For DOGE Featured Image From zipmex, Charts From Tradingview
I thought more eth was burned when volume was higher? If that's not the case, can someone explain how burning takes place? submitted by /u/garybaws [link] [comments]
On-chain data shows Bitcoin long-term holders have ramped up their selling recently, something that could lead to further plunge in the crypto’s price. Bitcoin Exchange Inflow CDD Has Spiked Up Over The Last Day As pointed out by an analyst in a CryptoQuant post, the current rise in the CDD is the largest since 6th October. A “Coin Day” is the quantity that 1 BTC accumulates after staying still for 1 day in a single address. If a coin that has amassed some number of Coin Days finally moves to another wallet, its Coin Days counter resets, and the Coin Days are said to be “destroyed.” The “Coin Days Destroyed” (CDD) metric keeps note of the total number of such Coin Days being destroyed throughout the network on any given day. Another version of this indicator is the “exchange inflow CDD,” which measures only those Coin Days that were reset because of transactions to centralized exchanges. Now, here is a chart that shows the trend in the Bitcoin exchange inflow CDD over the past month: The value of the metric seems to have spiked up during the last day or so | Source: CryptoQuant As you can see in the above graph, the Bitcoin exchange inflow CDD has shown a sharp rise in its value recently. There is a cohort in the BTC market called the “long-term holder” (LTH) group, which includes all investors who hold onto their coins for long periods without moving them. Related Reading: Bitcoin Capitulation Deepens As aSOPR Metric Plunges To Dec 2018 Lows Because of the dormancy of their coins, thes LTHs accumulate a large numbers of Coin Days. As such, whenever these holders do move their coins, the CDD usually spikes up due to the scale of Coin Days involved. The current spike in the Bitcoin exchange inflow CDD thus suggests that some LTHs have deposited their coins to exchange wallets. As the exchanges in question are spot platforms, it’s possible that this movement of coins was made for selling purposes. Related Reading: Bitcoin Shakes Off the Bears and Aims for $20,000 By End Of Year, Can It Make It? From the graph, it’s apparent that both the previous big spikes in the indicator were followed by declines in the price of Bitcoin. If the latest surge was also because of LTHs preparing to dump their coins, then the crypto is likely to observe bearish trend this time as well. BTC Price At the time of writing, Bitcoin’s price floats around $16.4k, down 2% in the last week. Over the past month, the crypto has lost 15% in value. Looks like the price of the coin has been back to moving sideways in the last few days | Source: BTCUSD on TradingView Featured image from Zdeněk Macháček on Unsplash.com, charts from TradingView.com, CryptoQuant.com
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