Posts

Showing posts from February, 2022

Ethereum price moves toward $3K, but pro traders choose not to add leverage

Image
  ETH price is storming toward a key resistance level, but pro traders are reluctant to add leverage for three important reasons. Even though Ether (ETH) price bounced over 20% from the $2,300 low on Feb. 22, derivatives data shows that investors are still cautious. To date, Ether's price is down 24% for the year, and key overhead resistances lay ahead. Ethereum's most pressing issue has been high network transaction fees and investors are increasingly worried that this will remain an issue even after the network integrates its long-awaited upgrades. For example, the 7-day network average transaction fee is still above $18, while the network value locked in smart contracts (TVL) decreased 25% to $111 billion between Jan. 1 and Feb. 27. This negative indicator could partially explain why Ether has been down-trending since early February. The above channel currently shows resistance at $3,100, while the daily closing price support stands at $2,500. Therefore, a 14% rally from the...

Bitcoin (BTC) and the Broader Market Tumble as Russia Talks Nuclear

Image
Key Insights:   Bitcoin (BTC) saw red for a 2nd consecutive day on Sunday News of Russia putting nuclear forces on “special alert” and the EU’s response weighed Technical indicators are flashing red this morning It was a bearish end to the week for Bitcoin (BTC). A bullish start to Sunday saw Bitcoin test resistance at $40,000 before hitting reverse. The reversal saw Bitcoin slide from a day high of $39,862 to a late intraday low of $37,040 before finding support. Following a 0.27% decline on Saturday, Bitcoin fell by 3.66% to end the week down by 1.80% to $37,704. It was also a bearish session for the rest of the crypto top 10. AVAX tumbled by 8.08% to lead the way down, with LUNA sliding by 7.31%. ADA (-3.49%), BNB (-3.64%), ETH (-5.85%), SOL (-5.13%) and XRP (-3.93%) also struggled. Bitcoin Fear & Greed Index Continues Upswing Market angst stemming from news updates on Russia led to a slide in the index from 26/100 to 20/100 this morning. The tumble led the index back into ...

Recovery for Victims of the 2016 Bitfinex Bitcoin Heist

Image
McCune Wright Arevalo, LLP, is investigating bringing legal action on behalf of account holders following the Department of Justice’s (DOJ) recovery of the $3.6 billion in Bitcoin stolen from Bitfinex customers in a 2016 hack. In August 2016, hackers successfully stole 119,756 Bitcoin from the Bitfinex cryptocurrency exchange – an amount equal to $72 million at the time.  The hackers accessed users’ wallets on the Bitfinex platform and siphoned out the cryptocurrency.  The effects of this breach were felt immediately. The trading price for Bitcoin plummeted instantly following the hack and Bitfinex ceased all trading.  Even customers whose wallets remained untouched suffered a 36 percent loss. To this day, the crime remains unsolved. However, with the arrest of a married couple in February 2022 came a new break in the case.  The DOJ officials investigating discovered a virtual treasure trove of the stolen 119,756 Bitcoin, now worth an astonishing $3.6 billion. DOJ’s...

BTC Price Live Data

Image
The live Bitcoin price today is $35,336.11 USD with a 24-hour trading volume of $34,938,495,745 USD. We update our BTC to USD price in real-time. Bitcoin is down 8.66% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $670,220,228,814 USD. It has a circulating supply of 18,967,006 BTC coins and a max. supply of 21,000,000 BTC coins. If you would like to know where to buy Bitcoin, the top cryptocurrency exchanges for trading in Bitcoin stock are currently Binance, OKX, FTX, DigiFinex, and BitCoke. You can find others listed on our crypto exchanges page What Is Bitcoin (BTC)? Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009. Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permi...