volume

OTC Spreads Exceeded 10% Amid Bitcoin’s Violent March Crash

Source Node: https://cointelegraph.com/news/otc-spreads-exceeded-10-amid-bitcoins-violent-march-crash
Time Stamp: April 8, 2020 8:52 AM - Modified On: May 21, 2021 - Published By:
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Over-the-counter (OTC) liquidity provider B2C2 has published a report analyzing the trading spreads exhibited across its Bitcoin (BTC) market and three leading institution-facing spot exchanges throughout March.The study finds that spreads widened significantly amid the dramatic crash of March 12–13, the largest drop in the price of Bitcoin since 2013.Bitcoin order spreads exceed 10% immediately on March 13As the crash began on March 12, bid-ask spreads for batches of 25 BTC bounced from close to single-digit basis points to 200 on its platform — equating to roughly 5%. The report also

Bitcoin Spikes by 2x in 26 Days: What’s Actually Behind the Big Rally?

Source Node: https://cointelegraph.com/news/bitcoin-spikes-by-2x-in-26-days-whats-actually-behind-the-big-rally
Time Stamp: April 7, 2020 2:33 PM - Modified On: May 21, 2021 - Published By:
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The Bitcoin (BTC) price has increased by two-fold in less than a month, surging from $3,600 to over $7,350. While traders believe a combination of many factors caused the upsurge, there are three main factors that likely contributed to it.The three factors are a significant surge in spot buys, a massively overextended plunge below $4,000, and the immediate recovery of BTC to major support levels.Factor 1: Bitcoin spot buys on the riseCoinbase, Kraken, Binance, Bitfinex and other spot exchanges saw a substantial spike in buy volume following the March 13

Cryptocurrency Exchange OKEx Tackles Small Balances With New Offering

Source Node: https://cointelegraph.com/news/cryptocurrency-exchange-okex-tackles-small-balances-with-new-offering
Time Stamp: April 7, 2020 6:37 AM - Modified On: May 21, 2021 - Published By:
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Cryptocurrency exchange OKEx announced a new feature that allows its users to convert small balances to the firm’s proprietary token OKB.OKEx announced on April 7 that the new product allows its user to convert all the crypto asset balances worth less than 0.001 Bitcoin (BTC) ($7.38 at press time) into OKB. The upper limit for conversion value is 0.01 BTC ($73.84 at press time), there is no limit on conversion time but the conversion is only available when the price fluctuates within 5%.A trader told Cointelegraph that small balance handling

Bitcoin Has Gained $600 for 3 Consecutive Mondays — Price Hits $7,400

Source Node: https://cointelegraph.com/news/bitcoin-has-gained-600-for-3-consecutive-mondays-price-hits-7-400
Time Stamp: April 7, 2020 3:25 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin (BTC) bulls showed up early Monday morning and took full control of Bitcoin price by sending the price through the $6,900-$7,200 resistance zone to a nearly 4-week high of $7,454. The surge to $7,454 occurred as the United States’ markets opened strong, leading the S&P 500 and Dow to rally 7.03% and 7.73%, respectively. It seems investors are beginning to gain some confidence as the rate of novel coronavirus infections begins to slow down in Italy, Spain and China along with murmurs of additional financial stimulus packages from governments. Crypto market

CoinGecko CEO: ‘Hard for CoinMarketCap to Stay Neutral’

Source Node: https://cointelegraph.com/news/coingecko-ceo-hard-for-coinmarketcap-to-stay-neutral
Time Stamp: April 7, 2020 1:57 AM - Modified On: May 21, 2021 - Published By:
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Just one week after exchange Binance announced its acquisition of CoinMarketCap (CMC) — one of the most-referenced crypto data websites — some prominent figures in the crypto community are speaking out.Bobby Ong, Co-founder and Chief Executive Officer (CEO) of CoinGecko, gave an interview to My Two Gwei on April 6. Among the topics discussed was the crypto data website’s $400 million acquisition and the role it may play in the future. Ong highlighted his company to “uphold data integrity” in the face of “many new exchanges… faking their volume.” One of

Bitcoin Price Prediction: BTC/USD Breaks Consolidation Pattern; $8,000 Next?

Source Node: https://insidebitcoins.com/news/bitcoin-price-prediction-btc-usd-breaks-consolidation-pattern-8000-next/256715
Time Stamp: April 6, 2020 6:40 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin (BTC) Price Prediction – April 6The Bitcoin price increased by more than 6.90% today as the cryptocurrency makes its way above $7,245.BTC/USD Long-term Trend: Bullish (Daily Chart)Key levels:Resistance Levels: $8,000, $8,200, $8,400Support Levels: $6,000, $5,800, $5,600BTCUSD – Daily ChartBTC/USD has now cleanly broken above the upper boundary of the previous ascending pattern as it takes out the resistance at the $7,000 level. BTC/USD increased by a total of 6.94% today to reach a high of around $7,248 as the buyers start to take control. The crucial thing to look

Bitcoin Price Rallies Higher but Must Hit $8K to Start a Bull Market

Source Node: https://cointelegraph.com/news/bitcoin-price-rallies-higher-but-must-hit-8k-to-start-a-bull-market
Time Stamp: April 6, 2020 6:27 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin (BTC) closed the week up 15.4% at $6,775 and has started the day with a further 6% move to the upside, breaching the $7,000 handle and making highs at $7,300. Looking at performance relative to its peers, Ether (ETH) and EOS have posted an impressive 16% gain over the last 24 hours. As a result, Bitcoin dominance is down 1.5% at 65%.Crypto market daily price chart. Source: Coin360The total cryptocurrency market capitalization breached the $200 billion level, breaking from the diagonal resistance dating back to February when the total market

Introducing the new Blockchain.com monthly newsletter — April Edition: “After the Dust Settles”

Source Node: https://medium.com/blockchain/introducing-the-new-blockchain-com-monthly-newsletter-april-edition-after-the-dust-settles-53995c8fc2af?source=rss----8ac49aa8fe03---4
Time Stamp: April 6, 2020 12:38 PM - Modified On: May 21, 2021 - Published By:
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The quality of information and data in crypto has improved in recent years, so you may be asking why another monthly newsletter?There are still some big data and analysis gaps in crypto. Crypto markets are nowhere near as widely served with reliable research and data as traditional markets. Indeed, the March 12–13th crypto stress test demonstrated there are also still some very significant issues with the state of crypto exchange infrastructure.What you can expect from our monthly newsletterOur intention with this newsletter is to avoid repeating what you can find

Litecoin Price Prediction: LTC/USD Receives a Pat on the Back, Shoots by 5.52% Within 24 Hours

Source Node: https://insidebitcoins.com/news/litecoin-price-prediction-ltc-usd-receives-a-pat-on-the-back-shoots-by-5-52-within-24-hours/256674
Time Stamp: April 6, 2020 11:55 AM - Modified On: May 21, 2021 - Published By:
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LTC Price Prediction – April 6Today, the Litecoin (LTC) gains 5.52% in the last 24 hours to touch $43.10.LTC/USD MarketKey Levels:Resistance levels: $50, $52, $54Support levels: $33, $31, $29LTCUSD – Daily ChartToday, after the coin tested $41 on the daily chart, LTC/USD underwent a much-needed break to the positive side. The coin posted gains of over 5.52% in the last 24 hours, with the coin trading above the 9-day and 21-day moving averages at a price of $42.61 at the time of writing while the signal line of RSI (14)

Poloniex Creates Tron-Only Platform, LaunchBase to Enter IEO Space

Source Node: https://insidebitcoins.com/news/poloniex-creates-tron-only-platform-launchbase-to-enter-ieo-space/256636
Time Stamp: April 6, 2020 3:21 AM - Modified On: May 21, 2021 - Published By:
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On the 5th of April, 2020, the crypto exchange Poloniex had revealed its new initial exchange offering (IEO) platform, powered through Tron (TRX).The Many StipulationsProjects aiming to do their IEOs through the new platform have to adhere to a stipulation that one would expect from Tron’s exchange: The issuing of tokens must be done in exchange for TRX and will be done on a first-come, first-serve basis.The company was quick to state that partner projects, besides needing to agree to raise the money through TRX. Projects are further mandated to

Bitcoin Price Breaks $7K But Must Defend it to Avoid $5.2K — Analyst

Source Node: https://cointelegraph.com/news/bitcoin-price-breaks-7k-but-must-defend-it-to-avoid-52k-analyst
Time Stamp: April 6, 2020 3:21 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin (BTC) finally retook $7,000 on April 6 after days of posturing culminated in a sudden surge as the new week began.Cryptocurrency market daily overview. Source: Coin360BTC price exits $6K… againData from Coin360 and Cointelegraph Markets showed BTC/USD exiting the $6,000 range in a snap move which took markets to three-day highs of $7,080.While holding at press time, it remained to be seen whether Bitcoin could sustain support at $7,000, or whether the latest push would copy others from last week in fizzling in a matter of hours.Bitcoin 1-day price

Both Crypto Derivatives and Spot Markets Post Record Volume in March

Source Node: https://cointelegraph.com/news/both-crypto-derivatives-and-spot-markets-post-record-volume-in-march
Time Stamp: April 5, 2020 3:06 PM - Modified On: May 21, 2021 - Published By:
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CryptoCompare has published its monthly report analyzing the trade activity on crypto exchanges.The record-breaking crash of March 12 and 13 drove new all-time volume highs in both the spot and derivatives markets.March 13 sets record for daily spot tradesThe report states that March 13 produced the single greatest volume in the history of crypto assets — with all exchanges and markets producing $75.9 billion in trade activity over 24 hours.$54.3 billion of 71.5% of trades came from ‘Lower Tier’ exchanges, while ‘Top Tier’ exchanges generated $21.6 billion in volume.Despite Binance