Amazing Crypto

Category: Trading

  • Bitcoin Futures Hit 3-Month High in Frenetic Tuesday Trading

    Bitcoin Futures Hit 3-Month High in Frenetic Tuesday Trading

    January 14 was the best trading day of the year for many cryptocurrencies, which saw double or even triple-digit percentage gains. It was also a good day for futures markets, where more than $25 billion in trades was placed on Tuesday. The result constituted the busiest day for futures in almost three months, with the…

  • Bitcoin’s hash rate reaches all-time high after a major difficulty adjustment

    While many analysts predicted Bitcoin’s mining difficulty will rise around 8 percent, few believed it would continue to increase at the same pace in the days following the adjustment. According to data from CoinMetrics, the difficulty increased 7 percent after the adjustment, with the hash rate reaching an all-time high of 14.8T. Even before the…

  • What crypto winter? Bitcoin starts off 2020 with a bang

    According to data from Skew Research, Bitcoin is currently off to the best start to a year since 2012. The world’s largest cryptocurrency entered Q1 2020 with an 18 percent growth, which when compared to 2019’s 10 percent, shows it’s up for an eventful year. Is 2020 gearing up to be Bitcoin’s best year yet?…

  • Market Outlook: Bullish Trend Sends Crypto Prices Northwards

    Market Outlook: Bullish Trend Sends Crypto Prices Northwards

    Digital currency markets are seeing significant gains this week as the entire market capitalization gained $28 billion in the last seven days. Moreover, trade volume has spiked to a massive $100 billion and during the last 24 hours, numerous digital assets have gained between 3-48%. Also read: Close to 11 Million BTC Haven’t Moved in…

  • The Stellar Development Foundation received 98% of the XLM inflation payouts

    Out of 5.48 billion XLM that has been paid out as part of Stellar’s inflation distribution process, 98 percent has gone to the Stelar Development Foundation. And even though the foundation burned most of the funds they received this way to reduce the inequities in the network, none of it actually went to its intended…

  • HEX origin address emptied out, almost $7 million withdrawn

    HEX origin address emptied out, almost $7 million withdrawn

    Around $7 million worth of ETH has been withdrawn from an address associated with the HEX cryptocurrency after weeks of speculation that it was headed towards an exit scam. The funds were transferred on Jan. 6 through 36 separate transactions, with each one withdrawing exactly 1,337 ETH, worth around $192,500. It took 36 transactions to…

  • Market Update: Top Cryptos Face Strong Resistance Ahead

    Market Update: Top Cryptos Face Strong Resistance Ahead

    On January 6, digital currency markets saw decent gains as the entire crypto market capitalization surpassed the $200 billion mark at 3:50 p.m. EST. Since then most cryptocurrencies have tested heavy resistance and a slew of assets are being held back. Moreover, crypto trade volumes have increased significantly and there’s been roughly $83 billion in…

  • Market Update: Crypto Traders Search for Bullish and Bearish Trends

    During the last few days, digital currency markets have been meandering sideways and prices have been less volatile. On Sunday, during the last 24 hours, the entire cryptoconomy is hovering just below the $200 billion zone and there’s roughly $71 billion in global trades. Crypto proponents are still uncertain about the future trajectory and whether…

  • 2019 was a record-breaking year for Bitcoin

    Despite an overall bearish sentiment and high price volatility, the world’s largest cryptocurrency has had quite a successful year. From transaction count and volume, to hash rate and number of addresses, Bitcoin’s every major metric has reached its all-time-high. No bear market for the Bitcoin network Everybody had high hopes for Bitcoin this year. Prominent…

  • The full impact of Litecoin’s August halving is yet to be seen

    Despite many arguing that the 2019 block reward halving will decimate its price, Litecoin managed to remain relatively stable. According to the latest Coin Metrics research, there could be several explanations for this, but it might take another year before we realize the full effect the halving had on the market. Litecoin’s is a case…