Page 2 - Crypto Quant News Today

The People’s Bank of China issued a statement on Tuesday cautioning against the use of cryptocurrencies as a means of payment. What Happened:  Despite the fact that Chinese officials were merely reiterating their previous stance on trading virtual currencies, the news seemed to deepen the existing sentiment of market-wide fear. Bitcoin dropped under $40,000 for the first time in three months, losing 15% of its value overnight, while Ethereum dropped 23% in the past 24-hours to $2,715. Large-...

Altcoins like Bitcoin Diamond and Ethereum Classic seem to have come out from hibernation, with some recording weekly gains in excess of 300%. What Happened: Leading this week’s crypto rally was Ethereum Classic (ETC), which surged 340% in seven days from $35 to $154. Formed as a result of a contentious hard fork of the Ethereum blockchain, development and utility of the chain itself has been called into question despite Ethereum Classic being the “original Ethereum.” See also:  Its crea...

Bitcoins (CRYPTO: BTC) struggle to breach $60,000 has proved that the price is a crucial resistance level in the current bull run. What Happened: However, the cryptocurrency has also found strong support at $50,000 and an even stronger price floor at $40,000, according to research from Chainalysis. According to the firm’s chief economist, Philip Gradwell, recent data indicates “strong support for high prices.” Gradwell finds that 3.1 million Bitcoins have been acquired at a cost of more...

At first, it appeared like a regular profit-taking exercise among western day-traders against overvaluation risks. Nevertheless, blockchain analytics platform CryptoQuant noted that the sell-off appeared out of South Korea-based crypto exchange Upbit Global. It happened after a so-called “Kimchi Premium” indicator reached its three-year peak. What is Kimichi Premium? In retrospect, Kimchi Premium a metric which represents the difference in the bitcoin prices on South Korean exchanges and ot...

(2) NEW YORK, NY / ACCESSWIRE / March 6, 2021 / New to The Street is moving to the 10 AM timeslot on NEWSMAX T.V. beginning tomorrow morning. Jane King hosts the show which brings the innovators behind the companies. The show since 2010 aims to help Public, Private and Blockchain Companies by following their progress in a detailed series format to educate the public. The show will feature Solar Integrated Roofing with CEO David Massey whos taking the country by storm combining solar and roofing...

Bid Side In Bitcoin Disappears Amidst Jittering “Macro Environment” Reading Time: 3min read Bitcoin is trading more than $10,000 per coin less than the current high, after according to one crypto analyst, the “bid” side of market has disappeared, exposing the cryptocurrency’s current weakness. The lack of buying currently could be due to what another analyst calls a jittering macro environment, referencing the stock and bond markets that have seen volatility as of late.  Here’s wha...