Monthly Archives: January 2021

Following delisting, Dash pushes back against ‘privacy coin’ label

Despite past claims, Dash insists that it’s no more private than Bitcoin A recent tweet from Dash’s official Twitter account has invited criticism that the cryptocurrency, which once advertised its privacy features, is wilting in the face of possible regulatory scrutiny.  On Jan. 1, the US-based Bittrex exchange announced in a tweet that it would be delisting Monero, Zcash, and Dash: #Bittrex Customers: The $XMR, $ZEC, and $DASH markets will be removed on Friday, January 15th at 23:00 UTC. Details: https://t.co/8qAdjuwryJ — Bittrex (@BittrexExchange) January 1, 2021 […]

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While Bitcoin Tapped New Price Highs, 78,000 Short Positions Worth Over $800 Million Got Liquidated

While bitcoin has crossed a new all-time price high in 2021, traders are leery toward shorting the crypto asset. Data from Bitfinex shows the number of short contracts has been extremely low in comparison to the total number of shorts in mid-March 2020. On Saturday, January 2, 2021, when the price of bitcoin surpassed $33k, over 100 million dollars in short positions were liquidated in a matter of minutes. On Saturday, during the afternoon trading sessions (EST), bitcoin (BTC) reached $33,333 per unit. The price is a […]

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BTC cracks $30K, supply squeeze worsens, XRP implodes: Hodler’s Digest, Dec. 27–Jan. 2

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.   Top Stories This Week Bitcoin price quickly climbs to $31,000, liquidating $100 million of shorts As 2021 began, Bitcoin was teetering on the […]

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Demystify 2021 with crypto trend predictions from the Cointelegraph crew

How will the crypto industry fare in the new year? Another year has come and gone. The rollercoaster that was 2020 requires little (if any) preamble. It must be said, however, that the blockchain segment experienced something of a return to form during these otherwise painful latter days. Indeed, we closed the year with prices on the up, legal ambiguities increasingly dehazed, and the adoption of distributed technology at a historic apex. With these expository factors lighting our way, let us take a moment to gaze into […]

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BTC to Gold Exchange Rate Surges to New All Time High of 17 Ounces per Bitcoin

Bitcoin’s record-breaking rally is continuing into the new year with the bitcoin to gold exchange rate touching a new all-time high of 17.38 ounces per bitcoin. According to data from Marketwatch, the new high easily surpasses the all-time high recorded on January 01, 2021, of 10.74 ounces per coin. The new milestone comes as the digital set a new all-time of over $33k. The new record means it takes about 7 more ounces of gold or an equivalent of $13,855 for one to get a full BTC […]

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How massive Bitcoin buyer activity on Coinbase propelled BTC price past $32K

The price of Bitcoin surged past $32,000 as buyers on Coinbase aggressively accumulated BTC. Coinbase has seen a large spike in buyer activity overnight as the price of Bitcoin (BTC) surpassed $32,500 on Jan. 2. Analysts say the trend was reminiscent of MicroStrategy’s Bitcoin accumulation, possibly fueled by institutional buy orders. As a result, BTC surpassed $31,000, reaching a new all-time high. BTC/USD daily candle chart (Coinbase). Source: Tradingview Coinbase buyers were the catalyst for the Bitcoin rally In the last 48 hours, Coinbase has continuously seen a […]

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XRP enthusiasts seek to force White House’s hand on SEC suit

A longshot effort from the community hopes to solicit an official White House response As token prices plunge and Ripple prepares for court, a band of XRP enthusiasts have rallied around a petition that may force a White House statement on the recent SEC lawsuit alleging Ripple conducted an unregistered securities offering.  A petition filed on the White House-run We the People website titled “We the People ask the federal government to deem XRP, the virtual currency, a currency,” has now crossed 10,000 signatures. Created by the […]

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Bitcoin price quickly climbs to $31K, liquidating $100M of shorts

Bitcoin plays shorters for fools as a surge to $30,950 liquidates a huge number of risky positions. Bitcoin (BTC) passing $30,000 and hitting highs of near $31,000 has caused huge pain for traders betting on a bearish pullback. Cryptocurrency market overview. Source: Coin360 Data from Cointelegraph Markets, Cryptometer and TradingView confirmed that as BTC/USD peaked at $30,960 on Jan. 2, it liquidated $100 million of shorts. BTC shorters feel the burn… again Amid highly volatile conditions, Bitcoin attempted to crack $30,000 several times on New Year’s Day […]

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Bitcoin Value Leaps Over the $31K Handle, BTC Sees an All-Time Price High in 2021

The price of bitcoin has crossed a new all-time high on Saturday morning (EST), spiking over $31k per coin. At around 8:43 a.m., bitcoin’s value climbed to $31,417 per unit with roughly $12 billion in global trade volume. Bitcoin (BTC) has surpassed the $31k price zone, and has jumped very close to the $32k range. At around 8:43 a.m. (EST), the crypto asset spiked to $31,417 per bitcoin reaching another all-time price high. BTC is up 5% during the last 24 hours, 15% for the week, 58% […]

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Bitcoin price hits $30,000 milestone for the first time ever

Just two weeks after tackling $20,000, Bitcoin passes the $30,000 mark on the second day of 2021. Bitcoin (BTC) hit a fresh psychological landmark on Jan. 2 as the new year kicked off to a flying start for hodlers. BTC/USD weekly candle chart (Coinbase). Source: Tradingview BTC price wastes no time in 2021 Data from Cointelegraph Markets, Coin360 and TradingView showed BTC/USD clinch $30,000 during trading on Friday. After hitting new all-time highs of $29,700 overnight, the pair showed no signs of weakness, retesting the level several […]

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