Bitcoin Past Data Suggests March to July Could Be Bullish

Bitcoin is in an almost constant state of price discovery, but past data is starting to reveal certain patterns. In 2019, the period between March to July saw a significant upward fluctuation. Bitcoin Price Moves May Show Cyclical Rise and Fall This past record does not guarantee future results, but suggests a bullish move is possible. Bitcoin often moves in a cyclical fashion, with ebbs and flows. In 2019, the effect of the futures market added another layer of bets on BTC future development, possibly creating an interplay between bullish…

ECB Says Banks Should Find Better Alternatives to Libra

Commercial banks should work out their own transfer systems as an alternative to Facebook’s Libra, urged Jens Weidmann, President of Bundesbank and member of the Governing Council of the European Central Bank (ECB). Euro Area Banks Should Not Rely on Facebook’s Libra Banks in the Euro area should explore tools for faster, cheaper transfers, but also be cautious about avoiding Libra and cryptocurrency technologies from the private sector, reported Bloomberg. Weidmann also differentiated himself from the stance of ECB President Christine Lagarde, not expecting the bank to jump in and…

Not Your Keys, Not Your Coins: What Proof-Of-Keys Day Means in 2020

Owning Bitcoin (BTC) has always been about owning private keys. But in 2020, the growing adoption requires another reminder. Second Proof of Keys Event January 3, 2020, is the second “Proof-of-Keys” day, after the event was initiated last year, the brainchild of Bitcoin investor Trace Mayer. Last year, the event created a significant outflow from exchanges, as owners are urged to move their coins to a private-key wallet and claim ownership. The day for taking stock of coins was chosen to also mark the creation of the Bitcoin Genesis Block.…

Bitcoin did $673 Billion in On-chain Transaction Volume in 2019

Bitcoin (BTC) moved in near-peak transaction volumes in 2019, keeping up the pace with a more robust transaction count in comparison to previous years. Overall, the value transferred through BTC reached 10 times the amount that Venmo moved in 2018. Venmo Still Can’t Catch Up with Bitcoin Network Growth Bitcoin’s network carried more than $673 billion in value, with some stunning episodes of $1 billion single transactions. At one point, three Bitcoin blocks carried $8.9 billion in value in under an hour. Bitcoin did $673 billion in adjusted on-chain transaction…

How Bitcoin ‘Under-performed’ in 2019 by Rising 85%

2019 was only really positive for a handful of digital assets, namely bitcoin. While it ended up 85%, it was the worst positive year on record which could be a sign that things are slowing. Bitcoin Under Performs in 2019 It may sound strange that an asset that made 85% in a year under-performed but that is exactly what happened to bitcoin in 2019. At the beginning of January last year, BTC was priced near its market bottom at around $3,750. By year end, it was holding just over $7,000,…

Is Bitcoin Surging Because of Tensions in Iran and the Middle East?

Bitcoin prices have jumped almost 6% over the past couple of hours as news emerges of a US airstrike on Iranian military personnel. Bitcoin Price Surges $400 A huge green candle has just appeared on the hourly BTC chart sending the asset surging back above $7,000. According to Tradingview.com bitcoin had slid back to its lowest level for over two weeks at $6,850 during the Asian trading session today. That movement was rapidly reversed when a couple of big green candles cranked the king of crypto up $400. The move…