Friday, October 30, 2020

Bitcoin News

The company that coined the term ‘hash rate’ is not concerned about its recent decline

Even though the Bitcoin (BTC) hash rate has experienced a sharp decline in recent weeks, the head of research at Blockchain .com, Garrick Hileman...

Back on track: US macro events unlikely to fully derail Bitcoin price gains

Tech-heavy stock market indices, including the Nasdaq Composite and the S&P 500, have begun to recover. Amazon posted high pandemic sales that led profits...

Nearly 24% of Ether held on exchanges — three times the percentage of Bitcoin

Almost one-quarter of Ethereum’s (ETH) circulating supply is held on cryptocurrency exchanges, according to analytics platform ViewBase.The website shows that 26,768,260 ETH are on...

Declining DEX volumes reflect DeFi investors shift to Bitcoin, data shows

All eyes are set on Bitcoin (BTC) as the digital asset continues to trek to a new 2020 high. Meanwhile, the hype around decentralized...

Gold drops to 7oz per BTC as Peter Schiff calls Bitcoin ‘biggest bubble’

Bitcoin (BTC) hit seven ounces of gold for the first time in over a year this week as the precious metal comes off all-time...

Paxful launches crypto debit card in Mexico

Bitcoin (BTC) P2P marketplace Paxful has partnered with Spanish neobank Bnext to launch its first crypto debit card in Mexico.The partnership will allow Paxful’s...

Bitcoin price drops to $13.3K after matching peak of 2019 bull run

Bitcoin (BTC) retreated to $13,300 on Oct. 28 after a retest of its 2019 resistance levels was met with rejection. Cryptocurrency market overview from Coin360Data...

Bitcoin fees spike 198% but Ethereum still more profitable

Bitcoin (BTC) transaction fees have nearly tripled in three days, from $3.52 to $10.20 on average.According to crypto market data aggregator Glassnode, 22.25% of...

Grayscale Survey: COVID-19 made Bitcoin more appealing to investors

A survey by Grayscale Investments indicates that the COVID-19 pandemic has increased investor appetite for Bitcoin (BTC).The firm surveyed 1,000 U.S. consumers between the...

BTC hash rate slumps amid seasonal miner migration in China

Mining data aggregators attribute a slump in Bitcoin’s hash rate to the end of the wet season in Sichuan, resulting in many miners migrating...

Price analysis 10/26: BTC, ETH, XRP, BCH, LINK, BNB, DOT, LTC, BSV, ADA

Morgan Creek Digital co-founder Anthony Pompliano highlighted data from Santiment, which showed that the 30-day rolling correlation between Bitcoin (BTC) and the S&P 500...

Abra CEO’s portfolio is 50% Bitcoin as cash is ‘becoming worthless’

The co-founder and CEO of major cryptocurrency company Abra is clearly bullish on Bitcoin (BTC).In an Oct. 23 tweet, Bill Barhydt, CEO of peer-to-peer...