Ethereum 

Crypto Markets Are Turning Green, Bitcoin Recovers Above $8,200

Sunday, Oct. 20 — Crypto markets are slowly turning green, with Bitcoin (BTC) showing signs of recovery as it finds its way back above the $8,200 price mark. Cryptocurrency market daily overview. Source: Coin360 Bitcoin has been trading below the $8,000 price mark for the better part of the day but is showing signs of recovery in recent hours. The world’s largest cryptocurrency traded at an intraday low of around $7,950, before grinding its way up to its current trading price of around $8,216. BTC is reporting gains of 3.73% in…

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Bitcoin 

Why Is Bitcoin Price Going Up? 4 Indicators Suggest a Potential Bottom

Bitcoin price (BTC) has continued to fend off support in the $7,800 region for what will be the fifth week running at the end of today.  With the BTC price currently back up over $8,200, several indicators suggest that a potential reversal may be in the cards.  Weekly Crypto Market Performance. Source: Coin360.com 1. Bitcoin price support holds again Bitcoin price seems to have found a bottom for the time being. Both on the daily and weekly charts the BTC/USD has repeatedly rejected support this past week. After the high…

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Bitcoin 

Bear Cross on Key Indicator Could Push Bitcoin Price to $7,300

At the moment, not too much is happening with Bitcoin’s (BTC) price action. The price continues to drop and a series of lower highs occur even as bullish news hits the press week after week. The news of Bakkt Bitcoin futures trading volume increasing by 796% failed to positively impact Bitcoin price and Fidelity Investments’ announcement that it has launched crypto custodial services also did little for the market.  Daily crypto market data. Source: Coin360 The general sentiment amongst Bitcoin traders seems relatively unenthusiastic and many traders view Bitcoin’s current…

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Bitcoin 

Bitcoin Recovers Above $8K After 18th Million Bitcoin Was Mined

Saturday, Oct. 19 — crypto markets are seeing a slight recovery after another downward movement as Bitcoin (BTC) is back to trading above $8,000. Market visualization. Source: Coin360 18 million BTC mined, BTC blockchain hits 600,000 blocks  After trading below $8,000 threshold for most of the day, Bitcoin has seen a sharp recovery to climb above the mark at publishing time. The biggest cryptocurrency is trading at $8,041, up 1.2% over the past 24 hours, according to Coin360. However, Bitcoin is still in red over the past week as its…

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Ethereum 

Crypto Markets Turn Red Once Again, Bitcoin Price Hovers Under $8K

Friday, Oct. 18 — Bitcoin (BTC) is suffering from further downward selling pressure and continues to trade below the $8,000 price mark. Cryptocurrency market daily overview. Source: Coin360 Bitcoin traded below the $8,000 price mark for most of the day. The world’s largest cryptocurrency traded at an intraday high of around $8,135, with a sudden dip toward $7,900, before settling down at its current trading price of $7,952. BTC shows a subtle loss of around 1.6% in the past 24 hours. Bitcoin seven-day price chart. Source: Coin360 Cointelegraph contributor Rakesh…

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Bitcoin 

ACINQ Unveils Its ‘2nd Generation’ Bitcoin Lightning Network Wallet

French Bitcoin (BTC) Lightning Network (LN) implementation developer ACINQ introduced its second-generation Lightning Network wallet, Phoenix, via Twitter, on Oct. 18. A video accompanying the post demonstrates a number of wallet functions, all accessed via a user-friendly interface. From setup to receiving and making payments in under a minute From a fresh install of the wallet app on an Android device, setting up a new wallet is a single click away. Although the new wallet has no open channels, it can still produce an LN invoice and receive funds. On…

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Bitcoin 

Fake Tor Browser Steals Bitcoin From Darknet Users, Warns ESET

Major antivirus software supplier ESET has discovered a trojanized Tor Browser designed to steal Bitcoin (BTC) from buyers in the darknet. Fake browser distributed via 2 websites Targeting users in Russia, the fake Tor Browser was distributed via two websites and has been stealing crypto from darknet shoppers by swapping the original crypto addresses since 2017, ESET’s editorial division WeLiveSecurity reported Oct. 18. Created back in 2014, the two fake Tor Browser websites — tor-browser[.]org and torproect[.]org — are mimicking the real website of the anonymous browser, torproject.org.  According to…

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Bitcoin 

Bitcoin Is Already at 40% of Average Fiat Currency Lifespan — 10 Years

Bitcoin (BTC) may only be ten years old, but it is about to match half the lifespan of the average fiat currency — while actually increasing in value. Average fiat dies in 27 years As Bitcoin statistician and commentator Willy Woo noted on Oct. 18, the largest cryptocurrency has been around 40% as long as the average government-issued currency. Woo was referencing a 2018 study by DollarDaze. Out of 775 fiat currencies past and present, researchers concluded the average lifespan is just 27 years. The longest-living fiat currency, the British…

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Bitcoin 

Bitcoin Privacy Is the Only ‘Big Question’ for Devs, Says Poolin CEO

Bitcoin (BTC) needs to become more resistant to governments as a priority, the CEO of one of its biggest mining pools has said. Pan: Privacy is Bitcoin’s “real problem” In an interview with cryptocurrency media outlet Bitcoin Magazine quoted by Forbes on Oct. 17, Poolin’s Kevin Pan suggested privacy should form an essential focus for Bitcoin development. “The real problem with Bitcoin may be privacy. There is no other big question if the privacy issue is solved,” he summarized. Pan was commenting as cryptocurrency-related transaction privacy returns to the spotlight…

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Bitcoin 

Binance Raises Max Margin, Leverage on Bitcoin Futures to 125X

Binance’s futures platform is increasing maximum leverage and margin on Bitcoin (BTC)/Tether (USDT) contracts to 125x, according to a press release shared with Cointelegraph on Oct. 18. Support for the contracts went live at 9:00 am UTC, with traders able to select 1x-125x leverage, with large positions adjusting to lower leverage allowed. As the press release notes: “At 125x leverage, a 100 USDT collateral deposit on Binance Futures will allow users to hold 12,500 USDT in BTC.” Balancing risk with efficiency According to BInance, highly leveraged trading is being introduced…

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