“Golden” Bullish Bitcoin Price Signal: Are 5000% BTC Gains Ahead?

While 2018 was most certainly a bear market for Bitcoin and crypto assets, 2019 has been mostly a bull market or at least the beginning stages of one. The latest in the growing list of signs the leading crypto asset by market cap is building a bullish foundation and will rise to new all-time highs, is a “golden cross” on three-day Bitcoin price charts. The last time this occurred, was in February 2016, and from there, Bitcoin went on to bring investors a 4,900% return on investment. Could the same…

Grayscale Investments to Make Biggest Transfer in Crypto History

According to Forbes, Bitcoin and cryptocurrency asset manager Grayscale Investments is about to make the biggest transfer in cryptocurrency history. The asset manager is planning on moving billions of dollars worth of holdings today, and the destination is US crypto wallet and trading platform Coinbase. Should the transfer go off without a hitch, it will mark the largest single-day transfer of cryptocurrency assets ever. Grayscale Transfers Billions in Cryptocurrency New York-based Grayscale has announced that Coinbase Custody will serve as custodian on the $3 billion-worth of underlying assets. The entire…

Crypto Derivative Platform FTX Introduces Alternative to Short Alts

CoinDesk reports that new crypto derivatives platform FTX has launched one of the most abstract and strangely-named futures index fund in the cryptocurrency market. The index, dubbed Shitcoin Index Perpetual Futures or SHIT-PERP, is a 58 low market cap coins index. It is flanked by other low-cap indices ALT-PERP and MID-PERP and includes projects such as Grin, Nano, and Waves. FTX’s Connection with Alameda Research The derivative platform was opened in spring after an incubation program under Alameda Research began. The FTX derivatives platform operates an over the counter desk,…

Implications for Bitcoin Now That 85 Percent of Supply Has Been Mined

This article was originally published by 8btc and written by Olusegun Ogundeji. Over 17,850,575 bitcoin have been mined at the time of writing, meaning that 85 percent of the top cryptocurrency’s expected total supply (21 million) is already in circulation.  Though the next Bitcoin reward halving — when the coin reward will decrease from its current 12.5 to 6.25 bitcoin at every 10-minute block generation time — is not expected until May 18, 2020 (in approximately 290 days), about 524,425 of the 3,149,425 total bitcoin left to mine will have…

Tezos Beats Bitcoin in Latest Price Rally, Up 44% This Week

Tezos (XTZ) is proving to be a better near-term investment than bitcoin this week. The altcoin, accompanied by favorable fundamentals, has surged by 44 percent in the last four days as it looks to close the week at an even higher rate. As of 12:29 UTC, the XTZ/USD instrument was trading at 1.452, up 3.71 percent in the last 24 hours. The move upside brought Tezos market capitalization to circa $962 million, which makes 0.40 percent of the entire cryptocurrency market valuation. At its highest, the cap was around $1.457…

Bitcoin Price Will Hit $100,000 in Just 30 Months: Morgan Creek

Will the bitcoin price hit $100,000 in under just 30 months? Anthony Pompliano thinks so. Image from Youtube. Anthony ‘Pomp’ Pompliano is doing the rounds. On Wednesday, the Morgan Creek co-founder tussled with stock market skeptic and renowned gold bug Peter Schiff. Come the end of the week and he’s once again singing Bitcoin’s tune. This time proclaiming that the flagship cryptocurrency is likely to hit $100,000 in a mere 30 months. Imagine a world where central banks cut rates and print money (yes, it’s called QE) and Bitcoin hits…

How China And The Fed Are Boosting Bitcoin And Sinking Trump

US president Donald Trump thinks he’s being smart but it could be that China ends up denting his re-election prospects and boosting bitcoin. The US Federal Reserve not playing ball doesn’t help either – and the more he pushes the harder he makes it for Jay Powell to maintain his institutions independent standing – or at any rate its perceived independence. All of this could be good news for bitcoin and crypto more generally. Bitcoin has again pushed past $10,000, just when the balance of analyst opinion was predicting a…

Crypto Exchange CEX.IO Expands US Service to Cover 31 States

Cryptocurrency exchange CEX.io now operates in 31 U.S. states and the District of Columbia. Since launching a U.S. office early in July, the London, U.K.-based firm says its compliance team has been working with regulators to satisfy the required checks and audits and be granted money transmitter licenses in the new states. Following that effort, the company says it’s been granted seven new licenses, bringing its total to 15, including Alaska, Florida, Georgia, Iowa, Kansas, Maryland, New Hampshire, New Jersey, New Mexico, Oklahoma, Oregon, Rhode Island, South Dakota, Vermont, and West Virginia.…

Bitcoin Price (BTC/USD) Signaling Bullish Acceleration Above $10,500

Bitcoin price traded higher and broke the key $10,200 resistance area against the US Dollar. The price is placed nicely above the $10,200 level and it recently tested the $10,500 area. There is a major bullish trend line forming with support near $10,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price remains in an uptrend and it may soon accelerate above the $10,500 resistance level. There were decent gains in bitcoin price above $10,200 against the US Dollar. BTC price is likely preparing for…