Category: Cryptocurrency News

The Securities and Futures Commission hinted it would follow in the CME’s footsteps by only initially allowing listings of ETFs linked to Bitcoin and Ether futures.

In this episode of NewsBTC’s daily technical analysis videos, we examine Bitcoin price action on Halloween night to see if the market is in for any tricks or treats. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): October 31, 2022 The forecast for Halloween night is cloudy with a chance of consolidation, according to the Ichimoku. As long as BTCUSD remains inside the cloud we shouldn’t expect many tricks, nor treats. The most recent rally took pause at the 100-moving average and could return to the 50-day MA for a retest before moving further. Losing both moving averages would send Bitcoin to goblin town. Related Reading: The Inverted Bitcoin Chart Bears Don’t Wanna See | BTCUSD Analysis October 27, 2022 Bulls Run Into Resistance, But Bears Have Yet To Scare Last night was a weekly close in Bitcoin, but the top cryptocurrency narrowly missed closing above the mid-Bollinger Band –– a sign that a bullish trend might be brewing that is now at risk of rejection. During the 2018 bear market, closing directly below the mid-BB led to further consolidation before a larger breakout and it could happen again. Rejection would lead to nightmarish results. Bitcoin bulls could be in danger | Source: BTCUSD on TradingView.com Related Reading: Bitcoin Bollinger Band Breakout Starts To Squeeze Shorts | BTCUSD Analysis October 26, 2022 Bitcoin Readies Final Nail In Crypto Winter Coffin Bitcoin did manage to escape beyond the Tenkan-sen using the Ichimoku, which during the last bear market was enough to put the final nail in bear’s coffins.  If crypto bulls are indeed out for blood, pushing prices to the Kijun-sen near $30,000 would inflict serious pain on the short side of the market –– which is currently a crowded trade. Will Bitcoin price make shorts bleed? | Source: BTCUSD on TradingView.com Related Reading: Are Bitcoin Bulls Ready To Stampede? | BTCUSD Analysis October 25, 2022 Will BTC Survive All Hallows’ Eve? Only hours remain for the October month candle to close with a potential tweezer bottom –– similar to the candle structure from back in December 2018. Bitcoin will also close the month with weakening bearish monthly momentum for the first time in nearly one full year. While the LMACD histogram has been bearish for its 14th month, momentum shows it will stay that way for at least a couple more months. We are also looking ahead toward next month for the Fisher Transform to cross. The tool is used for finding precise turning points in markets, and in the past has accurately predicted tops and bottoms on the highest timeframes. Cyclical tools show that the turning point could arrive before the end of the year, but it isn’t quite here yet.  Is this the turning point in the bear market? | Source: BTCUSD on TradingView.com Learn crypto technical analysis yourself with the NewsBTC Trading Course. Click here to access the free educational program. Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

So I recently decided to try out day/swing trading and thought I'd use Coinbase because of the zero fees they're pushing on their subscription service. I signed up for it just based on what it shows you on the outside. When you click on it, you get a bit more info, and should definitely do…
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Despite the 8.5% weekly rally in cryptocurrencies, the lack of stablecoin premiums in Asia and futures markets activity shows buyers’ lack of confidence.

The Enigma One interesting curiosity I've noticed is that Ethereum gas prices have been falling 20-40% each quarter since EIP-1559 initiated DESPITE gas usage being over the 100% 15M target gas usage. This is surprising because normally under EIP-1559, if each block stays exactly at the 100% gas target, gas price will also stay exactly…
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Data shows Bitcoin is now approaching another retest of the realized price, will the bulls be able to blow through the resistance this time? Bitcoin’s Recent Upwards Momentum Has Brought It Near Realized Price Again As pointed out by an analyst in a CryptoQuant post, BTC has spent a total of 138 days under the realized price so far since the June of this year. Before we look at the data for the Bitcoin realized price, it’s best if a basic understanding of the “realized cap” is attained first. The realized cap is calculated by multiplying each coin in the circulating supply with the price at which the particular coin was last moved or sold at, and then taking the sum for the entire supply. This is different from the usual market cap, which doesn’t weigh each coin separately like this, and simply multiplies the entire supply with the current BTC price. Related Reading: Bitcoin Whales Who Bought 1 Month Ago Hold Strong Despite Chance To Take Profit Now, if the market cap is divided by the total number of coins in circulation, we obviously get back the BTC price. Much in the same way, a “realized price” can also be derived from the realized cap. The significance of the realized price is that it’s the cost-basis of the average investor in the Bitcoin market. Here is a chart that shows how the normal price has compared with this one during the last six months: Looks like the two metrics have been approaching each other in recent days | Source: CryptoQuant As you can see in the above graph, the Bitcoin price has been below the realized price during the last few months, but has recently started approaching it as a result of the bullish momentum. Historically, the realized price has posed a resistance to the crypto’s value during bear market periods, keeping it trapped in the region below. Related Reading: Bitcoin Mining Firm Core Scientific Stock Plunges Amid Bankruptcy Rumors During 2015, BTC spent 300 days under this level, while during 2019 it remained in the zone for only 133 days. So far in the current year, Bitcoin has found itself below the realized price for a total of 138 days, with a couple of exceptions. One of the instances of the opposite was the relief rally back in July-August, which helped the price stay in the zone above for almost a month. The coin has failed to break this resistance several times already in the last six months, so it remains to be seen whether bulls can keep up the momentum this time and find some ground above the level or not. Bitcoin Price At the time of writing, Bitcoin’s price floats around $20.7k, up 7% in the last week. The value of the crypto seems to have been stable above $20k recently | Source: BTCUSD on TradingView Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, CryptoQuant.com

ETH price rose to its highest level since September, but data shows whales lack an appetite for leverage longs.

Approximately 14 years ago today, on Halloween, Satoshi Nakamoto introduced Bitcoin to the world by sharing the renowned white paper. Satoshi’s invention, shared on metzdowd.com’s Cryptography Mailing List, not only solved a problem that had plagued computer scientists for years, but the invention also redefined how people look at money. Furthermore, as a side effect, […]

As the title suggests, what’s something that you wish could be changed within the cryptocurrency scene? Whether it’s something good or bad depends all upon you. Personally I would love to remove the rug pull aspect of crypto as all it does is shine a horrible light on the scene. Now don’t get me wrong…
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