Tag: Crypto

43% of Crypto Twitter: Bitcoin Will See 1,000% Yearly Returns Again

Crypto Bit News Staff

Bitcoin is known for its parabolic rallies. Every few years, the leading cryptocurrency embarks on bull markets that take it hundreds, often thousands of percent higher in a year’s time. In 2017, for instance, BTC started the year under $1,000 and peaked in the middle of December at $20,000. And during 2013’s rally, the cryptocurrency rallied from double digits to over $1,000 in six months. Macro BTC price chart from TradingView.com Although BTC has matured, gaining steam as a viable investment on Wall Street, there remain some in the industry…

This Unexpected Metric Shows That Crypto Is in a Booming Bull Market

Crypto Bit News Staff

It’s been hard for some to say that crypto is in a bull market. Despite Bitcoin rallying by over 150% from March’s $3,700 lows, it remains below crucial resistance levels at $10,500 and beyond. The same can be said about Ethereum, which has had similar trouble surmounting $250. Yet there are some early signs that the cryptocurrency market is finally entering a bull phase. And one such sign that a prominent industry executive mentioned is rather unexpected. Related Reading: Crypto Tidbits: Bitcoin Stalls at $9k, Cardano Shelley, Elon Musk &…

Nearly Half of Crypto Twitter Doesn’t Think Bitcoin Will Hit $50k in 2021

Crypto Bit News Staff

There’s been much debate over recent weeks over the work of Bitcoin analyst “PlanB” and his Stock to Flow (S2F) model. Some have argued that his work is valid while others aren’t so sure. On July 3rd, the analyst put the community to a vote, asking whether or not they believe in the model. The results were almost split down the middle. Related Reading: Bitcoin Community Celebrates as Crucial Lightning Network Project Launches Almost Half of Respondents Don’t Believe in S2F Bitcoin Price Model On July 3rd, the pseudonymous quantitative…

Research Firm: Cardano (ADA) Is One of the “Most Bullish” Crypto Assets

Crypto Bit News Staff

Aside from Bitcoin, Cardano (ADA) has rapidly become one of the most popular cryptocurrencies over recent weeks by investors and traders alike. The prominent altcoin, which has re-entered the top-10, has recently been subject to a strong boost. Data indicates that ADA is up 150% since the start of 2020, outpacing Bitcoin by around five times and other mainstream assets by many times more. Despite its already-strong outperformance, a top research firm in the cryptocurrency market has suggested that Cardano has room to run. Related Reading: Crypto Tidbits: Bitcoin Stalls…

A Blow to Crypto Cards, but a Chance for Blockchain

Crypto Bit News Staff

Some of the most impactful frauds in modern history, from the Enron scandal to the Bernie Madoff investment scheme, were carried out by malignant actors inside or at the helm of corporate entities who manipulated the tangled, esoteric financial records. This is precisely the kind of behavior blockchain technology is designed to obliterate. The rapid demise of the German financial technology company Wirecard, which established itself in the blockchain community as a major crypto debit card issuer, seemingly belongs to the same category of events. In the long term, it…

Vitalik Buterin Uses Questionable Historical Comparison to Explain Crypto Tribalism

Crypto Bit News Staff

Ethereum (ETH) co-founder Vitalik Buterin tweeted that TRON (TRX) sympathizers within the Bitcoin (BTC) community are a “perfect example” of German Nazis aligning with Japan during the Second World War.  Vitalik drew the questionable comparison in a reply to Bitcoin activist and independent developer Udi Wertheimer, who tweeted: “#Tron > #Ethereum”.  The Ethereum co-founder wrote:  “I feel like this weird half-joking tron stanning in the BTC community might be a perfect example of this from @slatestarcodex” He also attached a number of screenshots from a 2014 article that was originally…

VeChain Crypto Hits YTD High in Latest Intraday Rally; What’s Next

Crypto Bit News Staff

VeChain (VET) hit a year-to-date high (YTD) during the Friday trading session. The 24th largest blockchain asset rose 8.57 percent to 114 sats, bringing its YTD gains up by more than 85 percent. Nevertheless, the VET/BTC uptrend is showing signs of cooling off, albeit holding a string of dependable support levels underneath. VeChain’s crypto token VET rose 8.57 percent on Friday to hit its year-to-date high at 114 sats. Traders flocked to the 24th largest cryptocurrency due to unfound reasons. But its intraday rally coincided with a review from Early…

Stock in Crypto Mining Firms Riot and Hive Massively Outperforms Bitcoin

Crypto Bit News Staff

The share price of Bitcoin (BTC) mining firms Riot Blockchain and Hive Blockchain has produced enormous year-to-date (YTD) gains, with stock in Riot nearly doubling while Hive tripled over 2020 so far. However, not all mining firms have fared well throughout the COVID-19 pandemic, with Canaan’s stock falling nearly 70% since early January, and both Hut 8 and DMG Blockchain seeing scant YTD gains despite experiencing significant volatility this year. Mining firms outperform Bitcoin While Bitcoin is up more than 26% from roughly $7,200 to $9,100 since the start of…

Austrian Crypto Users Will Soon Be Able to Spend Crypto at 2,500 Locations

Crypto Bit News Staff

Crypto holders in Austria will soon be able to spend their coins at more than 2,500 points of acceptance using A1 Payment — one of the biggest mobile network operators in the country. According to an announcement made by the Austrian fintech firm, Salamantex, their “Crypto Payment Service Software” is now integrated into the A1 Payment platform. Merchants will start accepting Bitcoin (BTC), Ethereum (ETH), or Dash, instead of cash or credit cards, in summer 2020. Austria’s current stance towards crypto Salamantex also praised the country’s recent stance towards switching…

Learn How To Build a Long-Term Trading Strategy in This Week’s Crypto Markets Show Live!

Crypto Bit News Staff

In our latest crypto market show live, popular traders and youtubers Benjamin Coates and Tyler D. Coates will be discussing long-term trading strategies and how to take profit from major trends in the crypto market.  The crypto market has been trading sideways for a few weeks, which means it is a good time to think of a long term trading strategy and prepare to catch the next big move.  In this episode, our guests will be discussing the main differences between day trading and long-term trading. We’ll learn how to…