Check out our digest with the hottest news:
Capitalization: $193 billion
Trading Volume (24h): $124 billion
BTC Dominance: 65.6%
BTC: 6,692$ (+ 0.62%)
Bitcoin has faced strong resistance at $7,000. The BTC price may form a “double top” pattern if the rate repeatedly reaches the $7000 mark. The development of this pattern will lead to a BTC price decrease back to the support level of $6400.
🔹 The Southern District Court of New York (USA) has ruled Gram tokens to be securities, forbidding the transfer of tokens to 175 investors who acquired the corresponding rights during the ICO in early 2018. Telegram lawyers have filed an appeal in an attempt to change the court’s decision.
🔹Analytics division of the American cryptocurrency exchange Kraken believes that the price of bitcoin can reach $350,000 over the next 25 years due to the generational shift. An article states that the coming decades will see the most significant wealth transfer in history, as ‘Generation X’ and ‘Millennials’ in the U.S. alone inherit almost $70 trillion, which will inevitably affect the cryptocurrency rate.
🔹 The U.S. Department of Homeland Security has added blockchain technology to a list of critical infrastructures due to the Covid-19 emergency.
🔹 The Bitcoin network hash rate has dropped 15.95% to reach 75.702 EH/s — this is the second-largest decrease in the network’s history.
#3C_digest
Capitalization: $193 billion
Trading Volume (24h): $124 billion
BTC Dominance: 65.6%
BTC: 6,692$ (+ 0.62%)
Bitcoin has faced strong resistance at $7,000. The BTC price may form a “double top” pattern if the rate repeatedly reaches the $7000 mark. The development of this pattern will lead to a BTC price decrease back to the support level of $6400.
🔹 The Southern District Court of New York (USA) has ruled Gram tokens to be securities, forbidding the transfer of tokens to 175 investors who acquired the corresponding rights during the ICO in early 2018. Telegram lawyers have filed an appeal in an attempt to change the court’s decision.
🔹Analytics division of the American cryptocurrency exchange Kraken believes that the price of bitcoin can reach $350,000 over the next 25 years due to the generational shift. An article states that the coming decades will see the most significant wealth transfer in history, as ‘Generation X’ and ‘Millennials’ in the U.S. alone inherit almost $70 trillion, which will inevitably affect the cryptocurrency rate.
🔹 The U.S. Department of Homeland Security has added blockchain technology to a list of critical infrastructures due to the Covid-19 emergency.
🔹 The Bitcoin network hash rate has dropped 15.95% to reach 75.702 EH/s — this is the second-largest decrease in the network’s history.
#3C_digest
🔥Futures Trading is Available through the Smart Trade Terminal
Trade futures on Binance Futures, Bitmex, and Bybit exchanges through the Smart Trade terminal.
Available subnoscription plans:
- Starter
- Advanced
- Pro
Benefits of Futures Trading
🔹 Exposure to short positions. Apart of long position profits, traders may also benefit from ''shorts” by trading cryptocurrencies while the price is falling.
🔹Leverage. Leverage allows traders to enter the positions, exceeding their account balance.
🔹Manage your risks. Hedging is the core value of futures. To insure yourself against risks, you can buy futures when required. After its expiration, you will sell your bitcoins at a specified initial price, receiving an estimated amount regardless of the exchange rate rise or fall.
We recommend you to study the guide on Futures Trading through the Smart Trade terminal.
Trade futures on Binance Futures, Bitmex, and Bybit exchanges through the Smart Trade terminal.
Available subnoscription plans:
- Starter
- Advanced
- Pro
Benefits of Futures Trading
🔹 Exposure to short positions. Apart of long position profits, traders may also benefit from ''shorts” by trading cryptocurrencies while the price is falling.
🔹Leverage. Leverage allows traders to enter the positions, exceeding their account balance.
🔹Manage your risks. Hedging is the core value of futures. To insure yourself against risks, you can buy futures when required. After its expiration, you will sell your bitcoins at a specified initial price, receiving an estimated amount regardless of the exchange rate rise or fall.
We recommend you to study the guide on Futures Trading through the Smart Trade terminal.
Binance will delist all existing FTX leveraged tokens
https://binance.zendesk.com/hc/en-us/articles/360041613471
The main reason for delisting trading pairs is a lack of understanding of how leveraged tokens work by many users. Hence, Binance has decided to delist all existing FTX leveraged tokens and corresponding trading pairs and will stop trading at 2020/03/31 10:00 AM (UTC).
The assets being delisted include BULL, BEAR, ETHBULL, ETHBEAR, EOSBULL, EOSBEAR, BNBBULL, BNBBEAR, XRPBULL, and XRPBEAR.
https://binance.zendesk.com/hc/en-us/articles/360041613471
The main reason for delisting trading pairs is a lack of understanding of how leveraged tokens work by many users. Hence, Binance has decided to delist all existing FTX leveraged tokens and corresponding trading pairs and will stop trading at 2020/03/31 10:00 AM (UTC).
The assets being delisted include BULL, BEAR, ETHBULL, ETHBEAR, EOSBULL, EOSBEAR, BNBBULL, BNBBEAR, XRPBULL, and XRPBEAR.
Ten recommendations on margin trading
In the previous article, we’ve looked into what margin trading is and what the advantages and disadvantages of this tool are.
In continuation of this topic, we’ve prepared ten basic recommendations for margin trading, which are vital to be absorbed before one starts trading.
Read article
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In the previous article, we’ve looked into what margin trading is and what the advantages and disadvantages of this tool are.
In continuation of this topic, we’ve prepared ten basic recommendations for margin trading, which are vital to be absorbed before one starts trading.
Read article
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Here’s our digest with the hottest news:
Capitalization: $178 billion
Trading Volume (24h): $105 billion
BTC Dominance: 64.8%
BTC: $ 6.326 (-1.62%)
Bitcoin's price is recovering after its fall to $5,800 last weekend, but the asset is still in a downtrend.
If bitcoin gains a foothold above the resistance level of $6500, a short-term trend change will be in sight. This will open an opportunity for the bulls to force their way above the key level of $7000.
🔹 Binance is in the final stages of talks to acquire CoinMarketCap. The Block stated that the transaction value may be as high as $400 million. When completed, that would make it one of the largest acquisitions in the crypto space. Other terms of the deal remain unknown.
🔹 SEC appealed to the court with a request to not limit the distribution ban of Gram tokens solely to US investors. The SEC added that the token distribution restriction applies to everyone and this statement does not require further explanation.
🔹 Microsoft patented a new mining system, named “Cryptocurrency System Using Body Activity Data”. This technology will allow users to earn a cryptocurrency during physical and mental activity — users may receive rewards for watching ads and playing sports.
🔹 Those, who lost funds due to the Mt. Gox collapse, will have to wait for compensation again. The submission deadline for the Mt. Gox rehabilitation plan has been pushed back to the first of June after a draft proposed last week was met with opposition from numerous creditors.
🔹 The co-founder of Ethereum Vitalik Buterin said that the launch of the multiclient testnet for Ethereum 2.0 is likely to happen in April.
#3C_digest
Capitalization: $178 billion
Trading Volume (24h): $105 billion
BTC Dominance: 64.8%
BTC: $ 6.326 (-1.62%)
Bitcoin's price is recovering after its fall to $5,800 last weekend, but the asset is still in a downtrend.
If bitcoin gains a foothold above the resistance level of $6500, a short-term trend change will be in sight. This will open an opportunity for the bulls to force their way above the key level of $7000.
🔹 Binance is in the final stages of talks to acquire CoinMarketCap. The Block stated that the transaction value may be as high as $400 million. When completed, that would make it one of the largest acquisitions in the crypto space. Other terms of the deal remain unknown.
🔹 SEC appealed to the court with a request to not limit the distribution ban of Gram tokens solely to US investors. The SEC added that the token distribution restriction applies to everyone and this statement does not require further explanation.
🔹 Microsoft patented a new mining system, named “Cryptocurrency System Using Body Activity Data”. This technology will allow users to earn a cryptocurrency during physical and mental activity — users may receive rewards for watching ads and playing sports.
🔹 Those, who lost funds due to the Mt. Gox collapse, will have to wait for compensation again. The submission deadline for the Mt. Gox rehabilitation plan has been pushed back to the first of June after a draft proposed last week was met with opposition from numerous creditors.
🔹 The co-founder of Ethereum Vitalik Buterin said that the launch of the multiclient testnet for Ethereum 2.0 is likely to happen in April.
#3C_digest
Attention for the Paper Trading users!
Tomorrow, on the 2nd of April, a scheduled system update for the Paper Trading accounts will take place. The process will take several minutes.
During the system update period, Paper Trading orders will not be created.
Tomorrow, on the 2nd of April, a scheduled system update for the Paper Trading accounts will take place. The process will take several minutes.
During the system update period, Paper Trading orders will not be created.
Dai: stablecoin without intermediaries
People are used to the fact that one must always trust the third party when dealing with money, from banks to issuers of this very currency. Initially, Satoshi tried to solve this problem by introducing Bitcoin, but most of the coins are traded on centralized exchanges, which are, in fact, the third party, we’ve mentioned.
The first decentralized exchanges started appearing in 2017, but this did not solve the centralized stablecoins problem. In early 2018, the MakerDAO platform and the decentralized stablecoin DAI appeared. In this article, we will elaborate on how this system works and how you can profit from replacing a third party with a smart contract.
Read article
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People are used to the fact that one must always trust the third party when dealing with money, from banks to issuers of this very currency. Initially, Satoshi tried to solve this problem by introducing Bitcoin, but most of the coins are traded on centralized exchanges, which are, in fact, the third party, we’ve mentioned.
The first decentralized exchanges started appearing in 2017, but this did not solve the centralized stablecoins problem. In early 2018, the MakerDAO platform and the decentralized stablecoin DAI appeared. In this article, we will elaborate on how this system works and how you can profit from replacing a third party with a smart contract.
Read article
#BLOG
Here’s our digest with the hottest news:
Capitalization: $191 billion
Trading Volume (24h): $145 billion
BTC Dominance: 65.3%
BTC: $ 6,819 (+2.83%)
Dow Jones and other stock indexes demonstrated the worst Q1 in history with a record drop of 15-25%, while Bitcoin lost only 10%.
If the situation stabilizes globally, the II quarter may provide a positive trend for bitcoin growth before its halving.
Statistics show that the II quarter has been the most profitable for Bitcoin since 2013 (except for 2018, with a decline of 8%).
🔹TokenAnalyst expert reported that Exchanges now hold more than $1 billion worth of USDT and USDC. Such a large amount of funds kept on exchanges is a good long term sign for market recovery.
🔹Coinbase published a new analysis of the March 12-13 events, when bitcoin fell by over 50% in a single day. Analysts are convinced that traders used high leverage at various platforms, and forced closure of those led to a market collapse. As a result, traders lost over $5.8 billion.
🔹U.S. court rejected Telegram’s petition to lift a temporary ban on issuing Gram tokens to non-US investors. The regulator said that the decree applies to all investors, and not just U.S. citizens.
🔹Most Ethereum investors are now facing losses. According to a study by IntoTheBlock, tokens purchased at an average price of $132 are stored on 31.9 million (87.8%) Ethereum addresses.
#3C_digest
Capitalization: $191 billion
Trading Volume (24h): $145 billion
BTC Dominance: 65.3%
BTC: $ 6,819 (+2.83%)
Dow Jones and other stock indexes demonstrated the worst Q1 in history with a record drop of 15-25%, while Bitcoin lost only 10%.
If the situation stabilizes globally, the II quarter may provide a positive trend for bitcoin growth before its halving.
Statistics show that the II quarter has been the most profitable for Bitcoin since 2013 (except for 2018, with a decline of 8%).
🔹TokenAnalyst expert reported that Exchanges now hold more than $1 billion worth of USDT and USDC. Such a large amount of funds kept on exchanges is a good long term sign for market recovery.
🔹Coinbase published a new analysis of the March 12-13 events, when bitcoin fell by over 50% in a single day. Analysts are convinced that traders used high leverage at various platforms, and forced closure of those led to a market collapse. As a result, traders lost over $5.8 billion.
🔹U.S. court rejected Telegram’s petition to lift a temporary ban on issuing Gram tokens to non-US investors. The regulator said that the decree applies to all investors, and not just U.S. citizens.
🔹Most Ethereum investors are now facing losses. According to a study by IntoTheBlock, tokens purchased at an average price of $132 are stored on 31.9 million (87.8%) Ethereum addresses.
#3C_digest
Dear friends!
Our emails now have a new fresh design! Hope you’ll like it 😉
Our emails now have a new fresh design! Hope you’ll like it 😉
Would you like a million dollars?
Binance is holding a million dollars competition between the teams of traders. The team with the highest ROI gets the money. We are gathering a team of experienced traders to get the grand prize!
Join now, there is not much time left before the tournament begins, the draw starts on the 10th. of April.
Join the team
Binance is holding a million dollars competition between the teams of traders. The team with the highest ROI gets the money. We are gathering a team of experienced traders to get the grand prize!
Join now, there is not much time left before the tournament begins, the draw starts on the 10th. of April.
Join the team
Binance Exchange will list additional trading pairs
The list includes: WTC/USDT, DATA/BUSD, DATA/USDT, and XZC/USDT
Trading will be available on 2020/04/07 13:00 PM (UTC)
The list includes: WTC/USDT, DATA/BUSD, DATA/USDT, and XZC/USDT
Trading will be available on 2020/04/07 13:00 PM (UTC)
Can Burning Coins Increase the Price?
The practice of Coin Burning is common in the crypto industry and is quite simple to implement. Many projects use coin burning to preserve their assets supply and demand ratio. Reducing the total volume of coins, theoretically, leads to their value increase, provided that current demand indicators are maintained.
In this article, we will elaborate on what coin burning is, which projects use this practice and whether you can profit from it.
Read article
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The practice of Coin Burning is common in the crypto industry and is quite simple to implement. Many projects use coin burning to preserve their assets supply and demand ratio. Reducing the total volume of coins, theoretically, leads to their value increase, provided that current demand indicators are maintained.
In this article, we will elaborate on what coin burning is, which projects use this practice and whether you can profit from it.
Read article
#BLOG
Medium
Can Burning Coins Increase the Price
The practice of Coin Burning is common in the crypto industry and is quite simple to implement. Many projects use coin burning to preserve…
Here’s our digest with the hottest news:
Capitalization: $208 billion
Trading Volume (24h): $156 billion
BTC Dominance: 64.1%
BTC: $7,300 (-0.22%)
Bitcoin confidently took hold above the psychological mark of $7,000 and surpassed the yearly opening level of $7,200, thereby forming an engulfing pattern, acting as a support.
On the 4-hour timeframe, Bitcoin continues trading inside the rising wedge and is near the resistance level of $7,450. Holding this level may indicate the continuation of the bullish scenario in the range of $7,650-$7,800.
If the price drops to the lower level of the rising wedge at $7,000, we can expect a short-term decline to a critical support level at $6,200.
🔹 Willy Woo, the creator of the Hash Ribbon indicator, tweeted that certain technical signals and indicators suggest that bitcoin has reached its minimum value and is now in the recovery phase. This means that as the selling pressure reduces, the threat of further miner capitulation decreases as well.
🔹 Class actions have been filed against Binance, Block.One, BitMEX, TRON, and other crypto companies in the US. They are accused of defrauding investors by illegally selling securities in the form of digital tokens.
🔹 South Korea's central bank begins a pilot program for testing a digital currency. According to the regulator, the program was launched in March and will run until December 2021. During this time, the bank expects to determine the technical and legal provisions required to create and issue a digital won.
🔹After the recent $400M acquisition of the largest crypto aggregator CoinMarketCap by Binance, it will be difficult for CMC to remain an unbiased and neutral resource, CoinGecko COO Bobby Ong stated. He has also hinted that now users will need an alternative to CMC.
#3C_digest
Capitalization: $208 billion
Trading Volume (24h): $156 billion
BTC Dominance: 64.1%
BTC: $7,300 (-0.22%)
Bitcoin confidently took hold above the psychological mark of $7,000 and surpassed the yearly opening level of $7,200, thereby forming an engulfing pattern, acting as a support.
On the 4-hour timeframe, Bitcoin continues trading inside the rising wedge and is near the resistance level of $7,450. Holding this level may indicate the continuation of the bullish scenario in the range of $7,650-$7,800.
If the price drops to the lower level of the rising wedge at $7,000, we can expect a short-term decline to a critical support level at $6,200.
🔹 Willy Woo, the creator of the Hash Ribbon indicator, tweeted that certain technical signals and indicators suggest that bitcoin has reached its minimum value and is now in the recovery phase. This means that as the selling pressure reduces, the threat of further miner capitulation decreases as well.
🔹 Class actions have been filed against Binance, Block.One, BitMEX, TRON, and other crypto companies in the US. They are accused of defrauding investors by illegally selling securities in the form of digital tokens.
🔹 South Korea's central bank begins a pilot program for testing a digital currency. According to the regulator, the program was launched in March and will run until December 2021. During this time, the bank expects to determine the technical and legal provisions required to create and issue a digital won.
🔹After the recent $400M acquisition of the largest crypto aggregator CoinMarketCap by Binance, it will be difficult for CMC to remain an unbiased and neutral resource, CoinGecko COO Bobby Ong stated. He has also hinted that now users will need an alternative to CMC.
#3C_digest
3Commas Trading Academy Launches today!
We are pleased to announce the launch of the Brand New 3Commas Trading Academy in partnership with the Better Traders.
Whether you are a beginner or an advanced trader, the 3Commas Academy teaches you the skills to master the 3Commas trading platform and improve your trading performance.
Save up to 50% on your 3Commas subnoscription when you purchase a course through the Brand New 3Commas Trading Academy.
Read more
We are pleased to announce the launch of the Brand New 3Commas Trading Academy in partnership with the Better Traders.
Whether you are a beginner or an advanced trader, the 3Commas Academy teaches you the skills to master the 3Commas trading platform and improve your trading performance.
Save up to 50% on your 3Commas subnoscription when you purchase a course through the Brand New 3Commas Trading Academy.
Read more
Here’s our digest with the hottest news:
Capitalization: $199 billion
Trading Volume (24h): $133 billion
BTC Dominance: 64.1%
BTC: $6,978 (-4.33%)
Bitcoin continues to trade inside the rising wedge. Attempts to gain a foothold above the level of $7450-7500 have so far been unsuccessful, weak trading volumes being one of the reasons. In case of consolidation above the $7450 level, there is good reason to believe that Bitcoin will test the $7700 resistance level in the short term.
🔹FED (US Federal Reserve) adopted an additional package of measures to support the economy, allocating $2.3T. $600B of this amount will be used to ensure credit flows to small and mid-sized businesses.
🔹Popular analyst PlanB tweeted that, contrary to popular opinion in the crypto community, the launch of regulated futures in December 2017 did not affect the price of bitcoin. The analyst added that the price of BTC remained in the range of the Stock to Flow (S2F) model, and BTC fluctuations would have happened without the launch of bitcoin futures.
🔹CEO of Galaxy Digital Mike Novogratz told CNBC Squawk that while governments around the world are printing money to fight the financial crisis, he continues to buy bitcoins.
🔹 Co-founder and former Ripple technical director Jed McCaleb received another 64 million XRPs worth $12.3 million at his disposal. The funds were transferred from McCaleb's account to his personal wallet. The Whale Alert were the ones to witness the fact.
🔹Bitcoin Cash (BCH) network halving took place on the 8th of April at block # 630000. The miner block reward decreased from 12.5 BCH to 6.25 BCH. As a result, the hash power of Bitcoin Cash decreased by 9.2%. Most likely, miners redirected some of their capacity to the Bitcoin SV network, which increased by 30%.
🔹Binance will start the Futures Trading Competition Friday 10th April. Traders should see improved liquidity, and no doubt some volatility, on their Futures exchange platform.
#3C_digest
Capitalization: $199 billion
Trading Volume (24h): $133 billion
BTC Dominance: 64.1%
BTC: $6,978 (-4.33%)
Bitcoin continues to trade inside the rising wedge. Attempts to gain a foothold above the level of $7450-7500 have so far been unsuccessful, weak trading volumes being one of the reasons. In case of consolidation above the $7450 level, there is good reason to believe that Bitcoin will test the $7700 resistance level in the short term.
🔹FED (US Federal Reserve) adopted an additional package of measures to support the economy, allocating $2.3T. $600B of this amount will be used to ensure credit flows to small and mid-sized businesses.
🔹Popular analyst PlanB tweeted that, contrary to popular opinion in the crypto community, the launch of regulated futures in December 2017 did not affect the price of bitcoin. The analyst added that the price of BTC remained in the range of the Stock to Flow (S2F) model, and BTC fluctuations would have happened without the launch of bitcoin futures.
🔹CEO of Galaxy Digital Mike Novogratz told CNBC Squawk that while governments around the world are printing money to fight the financial crisis, he continues to buy bitcoins.
🔹 Co-founder and former Ripple technical director Jed McCaleb received another 64 million XRPs worth $12.3 million at his disposal. The funds were transferred from McCaleb's account to his personal wallet. The Whale Alert were the ones to witness the fact.
🔹Bitcoin Cash (BCH) network halving took place on the 8th of April at block # 630000. The miner block reward decreased from 12.5 BCH to 6.25 BCH. As a result, the hash power of Bitcoin Cash decreased by 9.2%. Most likely, miners redirected some of their capacity to the Bitcoin SV network, which increased by 30%.
🔹Binance will start the Futures Trading Competition Friday 10th April. Traders should see improved liquidity, and no doubt some volatility, on their Futures exchange platform.
#3C_digest
Binance Futures tournament has begun today. The prize fund over $1,000,000
Two teams of traders represent 3Commas:
3Commas Team
3C.exchange team
Click the corresponding link to join a team.
We’ve granted free access to the signals for the team members:
Signals for 3Commas Users
Signals for 3C.exchange users
Good luck!
Two teams of traders represent 3Commas:
3Commas Team
3C.exchange team
Click the corresponding link to join a team.
We’ve granted free access to the signals for the team members:
Signals for 3Commas Users
Signals for 3C.exchange users
Good luck!
Leave a Review and Get 1 Month PRO Subnoscription
Hello guys, we have an idea to add some video reviews about 3Commas to our main page - 3Commas.io, thus new users would see what people say about 3Commas. We will be happy to reward the 5 best reviews with 1 month PRO subnoscription.
What you need to do
Record a short 30 sec - 45 sec. video review about 3Commas. It can even be recorded with your frontal smartphone camera. You can follow the plan below:
"Hi, my name is CZ (for example), I’ve been using 3Commas for X years",
and then please say how 3Commas tools help you in your trading life. You can tell both about a specific feature (Bots, Smart Trade) or the service as a whole.
The giveaway runs from April 13 to April 27.
We will be very happy to see 3Commas reviews from our dearest customers. Please send your review on promo@3commas.io
Stay skilled with 3Commas!
Hello guys, we have an idea to add some video reviews about 3Commas to our main page - 3Commas.io, thus new users would see what people say about 3Commas. We will be happy to reward the 5 best reviews with 1 month PRO subnoscription.
What you need to do
Record a short 30 sec - 45 sec. video review about 3Commas. It can even be recorded with your frontal smartphone camera. You can follow the plan below:
"Hi, my name is CZ (for example), I’ve been using 3Commas for X years",
and then please say how 3Commas tools help you in your trading life. You can tell both about a specific feature (Bots, Smart Trade) or the service as a whole.
The giveaway runs from April 13 to April 27.
We will be very happy to see 3Commas reviews from our dearest customers. Please send your review on promo@3commas.io
Stay skilled with 3Commas!
How To Fork Your Deposit
Forks play an important role in the development of cryptocurrencies, yet many people don’t understand these events and often disregard them.
In this article, we will dive into what is meant by “hard fork” and “soft fork”, the difference between these two concepts, the reasons behind these events, and how to benefit from them.
Read article
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Forks play an important role in the development of cryptocurrencies, yet many people don’t understand these events and often disregard them.
In this article, we will dive into what is meant by “hard fork” and “soft fork”, the difference between these two concepts, the reasons behind these events, and how to benefit from them.
Read article
#BLOG
Here’s our digest with the hottest news:
Capitalization: $196 billion
Trading Volume (24h): $118 billion
BTC Dominance: 64.1%
BTC: $ 6,908 (+0.55%)
Over the past few days, the price of Bitcoin has broken out of the rising wedge and dropped to a local low of $6,550. Despite many attempts to gain a foothold above the critical resistance level of $7,000, buyers were unable to hold the position.
The breakout of the wedge indicates the continuation of the downward movement, which will allow Bitcoin to visit the 200-week moving average range of $5,700. If the bulls fail to hold this key level, the price may drop to the next support level at $5,350.
🔹 Bitfinex exchange carried out a 161,500 BTC transaction for only $0.68. The transfer of $1.1B has become one of the largest in the history of bitcoin in dollar terms.
🔹 Popular PlanB analyst tweeted that the Relative Strength Index (RSI) indicator has never been so weak right before the halving.
Now the RSI is at its lowest level in Bitcoin history, and bitcoin is extremely oversold.
🔹 China has established a committee, consisting of 15 organizations in an attempt to develop national standards for blockchain and distributed ledger technology (DLT). The creation of the committee indicates a serious desire to become a world leader in the use of blockchain in the coming months and years.
🔹 Gemini exchange co-founder Cameron Winklevoss believes that the current crisis will be an inflection point for Bitcoin. The coronavirus pandemic will contribute to its popularization and development.
🔹 BitMEX exchange continues losing customers since the Black Thursday events on March 12 when the exchange stopped trading for 25 minutes due to an alleged DDoS attack. BitMEX wallets continue bleeding and have declined by 40% over the past month from 306,000 BTC to 222,000 BTC, which indicates a loss of customer confidence in the platform.
BitMEX still has the most daily volume traded, with Bybit, FTX and Deribit (in that order) still a long way behind but gaining in popularity at a fast pace.
#3C_digest
Capitalization: $196 billion
Trading Volume (24h): $118 billion
BTC Dominance: 64.1%
BTC: $ 6,908 (+0.55%)
Over the past few days, the price of Bitcoin has broken out of the rising wedge and dropped to a local low of $6,550. Despite many attempts to gain a foothold above the critical resistance level of $7,000, buyers were unable to hold the position.
The breakout of the wedge indicates the continuation of the downward movement, which will allow Bitcoin to visit the 200-week moving average range of $5,700. If the bulls fail to hold this key level, the price may drop to the next support level at $5,350.
🔹 Bitfinex exchange carried out a 161,500 BTC transaction for only $0.68. The transfer of $1.1B has become one of the largest in the history of bitcoin in dollar terms.
🔹 Popular PlanB analyst tweeted that the Relative Strength Index (RSI) indicator has never been so weak right before the halving.
Now the RSI is at its lowest level in Bitcoin history, and bitcoin is extremely oversold.
🔹 China has established a committee, consisting of 15 organizations in an attempt to develop national standards for blockchain and distributed ledger technology (DLT). The creation of the committee indicates a serious desire to become a world leader in the use of blockchain in the coming months and years.
🔹 Gemini exchange co-founder Cameron Winklevoss believes that the current crisis will be an inflection point for Bitcoin. The coronavirus pandemic will contribute to its popularization and development.
🔹 BitMEX exchange continues losing customers since the Black Thursday events on March 12 when the exchange stopped trading for 25 minutes due to an alleged DDoS attack. BitMEX wallets continue bleeding and have declined by 40% over the past month from 306,000 BTC to 222,000 BTC, which indicates a loss of customer confidence in the platform.
BitMEX still has the most daily volume traded, with Bybit, FTX and Deribit (in that order) still a long way behind but gaining in popularity at a fast pace.
#3C_digest
Major Cryptocurrency Exchange Hacks
According to TheBlock research, 42 cryptocurrency exchanges have been compromised since 2012. The total amount of stolen funds exceeded $1.35 billion. Obviously, exchanges are not the only ones suffering from the losses — users end up being the victims of the hacks as well.
In this article, we will analyze the most significant exchange hacks. We will find out how users reduced their losses in the past and follow their example to minimize our losses.
Read article
#BLOG
According to TheBlock research, 42 cryptocurrency exchanges have been compromised since 2012. The total amount of stolen funds exceeded $1.35 billion. Obviously, exchanges are not the only ones suffering from the losses — users end up being the victims of the hacks as well.
In this article, we will analyze the most significant exchange hacks. We will find out how users reduced their losses in the past and follow their example to minimize our losses.
Read article
#BLOG