Market updates

Bitcoin, Ethereum Technical Analysis: BTC Back Above $40,000 Following Record U.S. Inflation Data

Coins Legend April 12, 2022 0

Bitcoin and ETH both fell below key price levels on Tuesday, as crypto bears continued to push prices lower. Despite this, both have now regained these levels following news that U.S. inflation rose to a record 8.5% year-over-year. Overall, cryptocurrency markets were down 1% as of writing.

News

Billion Dollar Bitcoin Lawsuit Verdict Appealed — Self-Proclaimed Bitcoin Inventor Expects a Win

Coins Legend April 11, 2022 0

The law firm representing Ira Kleiman has sent a notice of appeal to the Florida District Court in an attempt to appeal the court’s rejection of a Kleiman v. Wright retrial. The self-proclaimed Bitcoin inventor, Craig Wright, was cleared of all charges at the end of the Kleiman v. Wright trial, except one count of […]

News

Bitmex Co-Founder Arthur Hayes Says Bitcoin Could Drop to $30K Amid a Stock Market Rout

Coins Legend April 11, 2022 0

The co-founder and former CEO of Bitmex, Arthur Hayes, has published a new blog post concerning the current state of cryptocurrency markets. Hayes says currently there’s an inability to recognize the cyclical nature of markets and the “inconvenient truth” that is crypto is now moving in “lockstep” with market equities. Hayes expects the Nasdaq 100 […]

Market updates

Bitcoin, Ethereum Technical Analysis: BTC, ETH Both Start the Week Around 3-Week Lows

Coins Legend April 11, 2022 0

Bitcoin and ETH both fell to their lowest level in over three weeks on Monday, as a red wave passed through crypto markets. As of writing, BTC and ETH are trading between 2% and 5% lower, while the overall crypto market cap is down 3.75%. Bitcoin Bitcoin extended its recent decline on Monday, as prices […]

Finance Market updates

Defiance CEO ‘Completely Bullish on Bitcoin’ — Says It’s ‘a Good Time to Get in’

Coins Legend April 3, 2022 0

The head of Defiance ETFs says she is “completely bullish on bitcoin.” Noting that it is a “good time” to get into the cryptocurrency, she explained why she believes the price of bitcoin will reach $100K. CEO of Defiance ETFs Bullish on Bitcoin Sylvia Jablonski, chief executive officer, chief investment officer, and co-founder of Defiance […]

Technology

With Over 90% of BTC’s Supply Issued, Bitcoin’s Mining Difficulty Reaches a Lifetime High

Coins Legend April 2, 2022 0

Bitcoin’s mining difficulty increased this week on March 31, 2022, at block height 729,792 for the first time since February 17. The network’s difficulty jumped 4.31% higher bringing the metric to a lifetime high at 28.59 trillion. Since the increase, the network’s hashrate has been a bit more volatile dropping from 217 exahash per second […]

Finance

Vaneck Report Calculates Bitcoin Price Could Tap $4.8M if BTC Becomes the Global Reserve Currency

Coins Legend April 2, 2022 0

On Thursday, the investment firm Vaneck published a blog post that calculates how much gold or bitcoin would be worth if the two assets became global reserve assets. Vaneck’s report explained that the investment team “attempted to quantify the emergence of new gold or bitcoin-backed currency regimes.” The study’s calculations estimate that gold could reach […]

Market updates

Bitcoin, Ethereum Technical Analysis: ETH Climbs to $3,500 to Start the Weekend

Coins Legend April 2, 2022 0

ETH rose to its highest level since the start of January to begin the weekend, as prices rose following yesterday’s consolidation. BTC also rallied, however remains below this week’s high of over $48,000. Bitcoin Although BTC started the weekend trading below this week’s high of $48,278, bulls looked to recapture this level, by moving away […]

News

19 Million Bitcoin Have Been Mined Into Circulation, 2 Million Left to Be Found

Coins Legend April 2, 2022 0

On April 1, 2022, records show that 19 million bitcoin have been mined into circulation. With the max supply set at 21 million, there’s only two million bitcoins left to be found by mining participants. Satoshi’s Mathematical and Predictable Design — 19 Million Bitcoins Have Been Issued The Bitcoin (BTC) network reached a milestone on […]

Market updates

Bitcoin, Ethereum Technical Analysis: BTC Falls to 5-Day Low, as Nonfarm Payrolls Are Marginally Lower

Coins Legend April 1, 2022 0

Bitcoin fell to its lowest level this week, following Friday’s nonfarm payrolls report, which came in marginally below expectations. 431,000 jobs were added to the U.S. economy versus forecasts for an addition of 490,000. ETH also reacted to the news, finally moving below $3,400. Bitcoin BTC fell for the third consecutive session on Friday, as […]