Bitcoin 

Bitcoin Drops $300, Daily Losses Among Altcoins Reach 10%

Falling below $9,000, Bitcoin (BTC) has seen another dip today and its price dropped over $200 in an hour. Alongside Bitcoin, the top 20 cryptocurrencies by market capitalization are seeing major losses of nearly 10% over the past 24 hours, according to data from Coin360. Market visualization. Source: Coin360 Following a fresh price decline, Bitcoin is trading down 4.9% at $8,736. With its intraday high of $9,253, Bitcoin tumbled more than $500 earlier today and is down around 4% over the past seven days, with an intraweek high above $9,500.…

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Bitcoin 

Bitcoin Price Soars 42% to $10,500 — Biggest Daily Gain Since 2011

The last 24-hours have been an absolute roller coaster for Bitcoin price (BTC). Earlier in the week, BTC swiftly dropped by 10% after failing to hold above the $8,400 support. Crypto market data daily view. Source: Coin360 By Thursday, BTC/USD was sitting on the bottom trendline of a descending wedge pattern and many investors and analysts were calling for a drop to $7,000.  A few even predicted that a revisit to the long-term support at $6,500 was on the cards. Despite the bearish bias, trades like Scott Melker and Michaël…

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Bitcoin 

Bitcoin Price Corrects While Gold Sees Worst Daily Drop in 2.5 Years

Thursday, Sept. 5 — after failing to break $10,800 price point, Bitcoin continued to hover around $10,500, while most of the top 20 coins saw major losses. Market visualization | Source: Coin360 After hitting an intraday high of $10,761, Bitcoin has seen a notable decline and continued fluctuating around $10,500 for most of the day. At press time, Bitcoin is trading at  $10,528, down around 1% over the past 24 hours at press time. Still, Bitcoin is up more than 10% over the past 7 days as, according to some,…

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Bitcoin 

CME Bitcoin Futures Averaged $515 Million Daily Volume in May

The Chicago Mercantile Exchange (CME) Group’s Bitcoin (BTC) futures saw an average daily volume of $515 million in May 2019. Forbes reports on Aug. 28 that the CME Group’s Bitcoin futures are seeing new records in trading activity. CME Group’s managing director Tim McCourt said that in May, Bitcoin futures were, “trading an average of more than 13,600 contracts each day, equal to ~$515 million in notional value or 68K equivalent bitcoins.” Record trading volumes McCourt also noted that, on May 13, Bitcoin traded a record daily volume of 33,677…

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Cryptocurrency 

Bitcoin Capitalization Adds On $1 Bln Daily: Industry Leaders Explain Why

On Friday, Bitcoin has added over $1 bln to its market cap, repeating the pattern of recent days. Since the month started, its market cap had risen by an average of $1 bln per day for the past five days according to CoinMarketCap moving from about $21 bln on May 1 to $26 bln on May 5. Whether this is sustainable would be determined by the market in the coming days. Thus, it falls within the premise of the discussion that the Bitcoin market is still small, its potential is…

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Ethereum 

Bitcoin Network Is Moving $3 Billion Daily, Up 210% Since April

Bitcoin’s average transaction volume is topping $3 billion per day, data from crypto analytics site Coinmetrics.io reveals as of July 16. Bitcoin’s Uptrend in Daily Transaction Value Eclipsing Altcoins’ The data — which has been adjusted to remove noise and certain artifacts, per Coinmetrics — shows an impressive uptrend in the USD value for the volume of the coin’s transactions and transfers over the past 90 days. On April 17, the average daily value was at $1.04 billion as compared with $3.22 billion on July 16, an almost 210% increase.…

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Bitcoin 

Daily Ethereum Transactions Exceed One Million, a First Since May 2018

Daily transactions registered on the Ethereum (ETH) network exceeded one million yesterday, June 28, for the first time since May 2018, according to data reported by leading Ethereum block explorer Etherscan. Per Etherscan data, on June 28 there were 1,004,170 transactions confirmed on the Ethereum blockchain. Before yesterday, the last time the Ethereum chain registered over one million daily transactions was in May 2018. Nonetheless, the current level is still notably lower than the 1,349,890 daily transactions peak registered on January 4 last year. The on-chain transaction value of Ethereum…

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Cryptocurrency 

How Blockchain Improves Daily Health Care Routine, Explained

1. The data stored on a blockchain is transparent and immutable, which is extremely important for the health industry. Some insiders even call it the “ultimate use case” for the technology.  In fact, there are several reasons behind this hype. As Cointelegraph previously explained, one of the core characteristics of blockchain is its decentralization. Each move is publicly recorded, time-stamped and nearly impossible to edit. The blocks that contain data are protected by advanced cryptography. If the information on the block has somehow been altered, the users of the network…

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Bitcoin 

Bitcoin Surpasses One Million Daily Active Addresses

Bitcoin (BTC) surpassed one million daily active addresses on June 14, according to blockchain statistics website CoinMetrics. Twitter user Kevin Rooke pointed out the current number of daily active on-chain addresses on June 15, resulting in mixed reactions from the community. For instance, one Twitter user noted that “using it and trading it are different things.” A different user attributed the current number of on-chain transactions to mixers, but failed to notice that even if an increase in mixer use were the reason for the rising active address count, it…

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Ethereum 

Ethereum Daily Mining Rewards Аre at Lowest Level Ever Reported

New Ethereum (ETH) being generated through mining is at its lowest rate ever, Etherscan data reveals on Feb. 11. According to Etherscan, on Feb. 10, 13,370 new ETH have been created, down from over 20 thousand in December 2018 and an all-time-high of over 39 thousand reported on July 30, 2015. The recent sharp decrease in the quantity of newly mined ETH was evidently caused by a sudden increase in Ethereum mining difficulty, which Etherscan data revealed on Feb. 10. As Cointelegraph reported in September last year, Ethereum’s core developers…

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