tldr; The Arbitrum network has attracted over $2 billion of capital and is doing $100’s of thousands of dollars of daily fee revenue, has already hit their soft transaction limits and has seen unique addresses on the network balloon to over 70,000 – all of this in just 13 days of being live on mainnet.…
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The market for nonfungible tokens, or NFTs, continues to grow, attracting mainstream influencers, leading artists and high-profile investors.
So many FUD in the last weeks, so much drama that it could be filled a whole netflix documentation or movie with that… But No No No – the wallet is released 😄 👌 Lets see what will come next .What do you think? *No financial advice !! I If the new team keeps that…
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As the title says. Im into crypto for one year but I still feel like a noob. I dont think Im stupid or anyhing else, but need more time because there is a lot to learn here. God knows I tried. Short trading, daily trading, medium trading. Trying to preddict the price never worked for…
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Is it likely? Are we going to see them fine outlets like Reuters, Yahoo and CNBC and all of the rest who picked up the story and pushed this info to millions around the world? These are traditional media entities, around a long time before crypto came to be – so can we really be…
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Nasdaq-listed Microstrategy has purchased 5,050 more bitcoins for $243 million, raising its total bitcoin holdings to 114,042 coins. Microstrategy Continues to Grow Its Bitcoin Stash The pro-bitcoin software company Microstrategy announced Monday that it has purchased more bitcoins. CEO Michael Saylor tweeted: Microstrategy has purchased an additional 5,050 bitcoins for ~$242.9 million in cash at […]
Bitcoin price today has been more volatile than normal, and that’s a statement in and of itself. The normally notoriously explosive cryptocurrency rocketed more than $2,000 and nearly 5% this morning, only to then plummet and wipe out the entire rally and then some. The fall took the cryptocurrency down by more than 7% and $3,000, leaving liquidations in both directions behind. What caused the sudden storm, and is this just the calm in the eye, or is the madness over? Pump and Dump Or Face-Off Between Bull And Bear Whales? Bitcoin saw a steep rejection from above $50,000 and bulls are now scrambling to build meaningful support that holds. If not, a deeper drop and a bear market remains a possibility. For now, whales are either playing games, or waging war with one another where both sides are losing big. Related Reading | Bitcoin Price “Pitchfork Channel” Could Pin-Point The Last Dip Ever A sharp move today in markets saw liquidations on both sides of the trade, and the volatility alone now has the market in a state of fear. A pump this morning caused Bitcoin price to rise more than $2,000 and around 5%, only to immediately drop more than 7% and $3,000 to sweep support and lows. Anyone caught buying what they thought was a breakout, is now at a loss. And it all played out in less than one-hour from bottom to top then back down to the bottom. The move pictured above took less than an hour | Source: BTCUSD on TradingView.com Bitcoin Price Rockets On Litecoin News, Crashes After Liftoff The move was driven in large part by the greater crypto market. Digital assets have a close relationship in price action, so when one coin pumps, the rising tide lifts all boats. Today’s wipeout move was driven by Litecoin and a suspicious scenario where a fake press release was distributed claiming Wal-Mart would support the cryptocurrency. When Wal-Mart denied the claim, an almost immediate 30% rally was erased, also taking Bitcoin price back down with it. A Darth Maul is all that remains on the six-hour Bitcoin price chart | Source: BTCUSD on TradingView.com What remains on the chart on higher timeframes, is a what the cryptocurrency community has so affectionately dubbed a Darth Maul candle. Related Reading | Five Bitcoin Price Charts That Suggest Bulls Have Little To Fear This type of wipeout candle is a doji, with an extremely long wick in either direction, forming what looks like the Star Wars villain’s trademark lightsaber. The impact they can have on investors and traders, is almost as nefarious as the LucasFilm icon. Is this it for the shakeout, or is there more pain in both directions to come? Follow @TonySpilotroBTC on Twitter or via the TonyTradesBTC Telegram. Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com
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