BITCOIN

Bitcoin stabilized near $54,000 early Tuesday after posting its worst daily loss in almost a month. Bitcoin (BTC) was trading around $54,680 as of 12:50 UTC (8:50 p.m. ET), after falling late Monday to around $53,715, the lowest since March 16. The largest cryptocurrency fell 5.8% over the previous 24 hours, for its largest daily decline since Feb. 23, according to Bitstamp exchange data. Bitcoin’s 24-hour range: $53,795.15-$58,407.62 (CoinDesk 20). BTC’s 4-hour chart shows seller volume has been building alongside a falling price, a bearish signal for market technicians. BTC 4-hour…

Prominent users of Crypto Twitter have suddenly discovered they have another profile on a new social network called BitClout, except over there some people are buying and selling tokens representing their identities. It does not matter whether the people behind those profiles have ever touched the social network. “The core insight behind BitClout is that if you can mix speculation and content together, you can not only get a 10x product that creates innovative ways for creators to monetize, but you also get a new business model that’s not ad-driven…

Cloud hashrate mining has become the mining choice of more and more miners in the past two years. Especially in the current period when currency prices continue to soar and break new highs continuously, Cloud hashrate mining has become an important magic weapon to seize the Bitcoin bull market. Cloud hashrate mining, as the name suggests, usually refers to the computing power leasing service provided by large mining farms. Miners users can purchase computing power contracts on the mining platform, thereby earning the bitcoins mined by the corresponding computing power. www.bi-fans.com…

At 23:00 UTC on March 17, 2021, Adam, the person in charge of cow Asia Pacific region, tweeted that “According to the proposal of community governance of cow, cow will enter wave field ecology through parallel chain. Imtoken tokenpocket and other wallets will support the cross chain of cow-trc20 protocol on April 1, 2021.This will be the first time that cow has entered the defi ecosystem of landing applications.”     Then in the forum, some informants released their opinions to understand that tcow, the new eco token mentioned in…

On the afternoon of March 17, Beijing time, CoinFans (bi-fans.com) held the “2021 Digital Mining Summit” entitled “Win-win for the future” in Shenzhen.   At the meeting, CoinFans CEO James Cao and many other executives attended the meeting. In addition, more than 50 industry elites, customers and strategic partners, including BTC.COM CEO Zhuang Zhong, Antpool co-founder Tian Xin, Shanghai Wayi co-founder Li Peicai, and Guihua Technology co-founder Xiao Guihua, gathered at the summit.   At this 500-person summit, James Cao and other well-known companies delivered live speeches and shared the…

Bitcoin’s price has nearly doubled this year, but the rally could have room to run. That’s based on a new report by Coin Metrics, a cryptocurrency data firm, which shows bitcoin (BTC) is not at an extreme relative to the previous market top in 2018. The MVRV ratio is a measure of bitcoin’s market value relative to its realized value. The gauge represents the difference between the cryptocurrency’s current price and the average price at which bitcoins were acquired. When it reaches an extreme, the thinking goes, traders might be inclined to take…

“Bitcoin is now ahead of our April 2020 forecast schedule ­– to hit $115K this summer,” wrote Dan Morehead, CEO and co-chief investment officer at Pantera Capital, a blockchain hedge fund, in an emailed newsletter. The Pantera prediction is based on the stock-to-flow model – an analytical framework that values an asset’s price based on its annual issuance schedule. The model measures the scarcity of bitcoin (BTC), which is governed by the underlying network programming coded into the blockchain’s design when it was launched 12 years ago. Under that plan, the number of…

XRP, the digital token used in Ripple Labs’ payments network, was outperforming bitcoin and other major cryptocurrencies on Tuesday, with a longer-duration technical indicator flashing a bullish signal. The token’s price was around 48 cents at press time, up 9% on a 24-hour basis, based on CoinDesk 20 data. Other prominent cryptocurrencies such as bitcoin, ether, chainlink and litecoin were nursing moderate losses. XRP’s 50-week moving average crossed above the 100-week moving average (MA) earlier this month, confirming a pattern known in price charts as a “golden crossover” – a long-term bullish indicator. Traders and chart-reading analysts often…