Where People Prefer to Trade BTC
Bitcoin outflows are greater on exchanges that primarily trade crypto-only pairs than those with fiat markets, suggesting a shift in where people prefer to trade. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
What Drove This Week’s Bitcoin Rebound?
Bitcoin’s price is up about 23% over the past week and is on course for its 10-day winning streak, the longest since October 2015. CoinDesk’s Brad Keoun and George Kaloudis review the recent events that could have brought BTC to this point.
The Future of Bitcoin and the Lightning Network
Lightning Labs co-founder and CTO Olaoluwa Osuntokun, also known on social media as “Roasbeef,” discusses the future of bitcoin and the Lightning Network, which some hail as the most important project for the most crucial asset in the digital asset space. Plus, his take on DeFi on the Bitcoin blockchain.
Is a Bitcoin Breakout Expected Next Week?
CoinDesk Managing Editor of Markets Brad Keoun and Research Analyst George Kaloudis discuss their outlook for bitcoin amid the Senate advancing a bipartisan infrastructure bill that would raise $28 billion via a tax on crypto transactions.
Busan Plans Digital Asset Exchange, Tencent Launches Digital IOUs
The Korean city of Busan plans a digital asset exchange. Bitcoin mining difficulty on the increase. Tencent launches a digital IOU platform. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Bitcoin Falls Under $40K Resistance Level as Buyers Take Profits
Bitcoin traded sideways Thursday as buyers appeared to be exhausted near the $40K resistance level. The cryptocurrency is up about 23% over the past week, a gain driven by improving sentiment and short covering. Jesse Proudman, co-founder and CEO of crypto robo-advisor Makara, discusses the outlook for bitcoin as the current rally takes a breather.
Bitcoin Struggling to Notch 9-Day Winning Streak. What’s Next?
Bitcoin has notched an eight-day winning streak that has taken the price to above $40K, but will this rally continue? Quantum Economics founder and CEO Mati Greenspan shares his data analysis that reveals bitcoin’s possible trajectory.
Bitcoin Poised for Longest Winning Streak Since October 2015
Bitcoin is on an eight-day winning streak, taking the price from $30K to above $40K over the past eight days. If bitcoin ends a ninth day in the green, it would be BTC’s longest winning streak since October 2015. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Could Bitcoin Drop Below $30K?
Despite bitcoin's price jumping over $40K this week, the highest it's been since June 16, the cryptocurrency remains rangebound between $28K-$43K. GSR Markets co-founder and president Rich Rosenblum shares his bitcoin price assessment, noting a positive outlook. "I think it's solidified its place here," Rosenblum said. "It's unlikely we're going to see below $30K over the summer."
Market Cap of USDC Growing Faster Than Tether
Half of the trades in and out of bitcoin are done with Tether, the dominant stablecoin and third-largest cryptocurrency with a $64 billion market cap. Yet, Coin Metrics reveals the market cap of stablecoin USDC is growing faster than that of USDT. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.