According to onchain data, there’s now 69,836 synthetic bitcoin tokens (over $700 million) circulating on the Ethereum blockchain. Out of the six synthetic bitcoin token projects, wrapped bitcoin (WBTC) commands the largest number of coins with over 63% and 44,622 WBTC.

Synthetic bitcoin (BTC) has grown massively in recent weeks and since’s last report on the subject, there was 38,021 BTC circulating on the Ethereum chain.

Since then, that metric has jumped more than 83% as there’s now 69,836 synthetic bitcoin tokens in the wild on September 7, 2020. Dune Analytics shows there are seven synthetic BTC projects but tBTC has zero coins minted, while the other six projects have b ... Read more »

Category: News | Views: 40 | Added by: danyagames2007 | Date: 08.09.2020 | Comments (0)

Latin Americans have embraced cryptocurrency as a store of value while their fiat currencies depreciate, a new report shows. Bitcoin adoption in the region is further driven by the lack of banking access and remittance needs.

Latin American Bitcoin Adoption

Blockchain data analytics firm Chainalysis released a new study of cryptocurrency usage in Latin American countries based on on-chain data and interviews with experts in the region last week. The study is part of the firm’s Geography of Cryptocurrency Report, due to be released this month. Cryptocurrency adoption in Latin America is driven by factors such as a lack of banking access, remittance needs, and the devaluation ... Read more »

Category: News | Views: 42 | Added by: danyagames2007 | Date: 08.09.2020 | Comments (0)

Bitcoin price retested the $9,900 zone against the US Dollar. BTC seems to be forming a double bottom pattern near $9,900 and it could start a decent increase above $10,500.

Bitcoin bounced back above $10,200 after it retested the $10,000 and $9,900 levels.
The price is now trading nicely above $10,300 and the 100 hourly simple moving average.
There was a break above a key declining channel with resistance near $10,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is likely to continue higher as long as it is above the $10,000 support zone.

Bitcoin Price Could Recover Higher

Yesterday, there was another downward move below the $10,200 level in bitcoin pric ... Read more »

Category: Analytics | Views: 34 | Added by: rozhkovagency | Date: 08.09.2020 | Comments (0)

Tron’s native token TRX was among the top gainers on Tuesday as its price jumped by up to 11.38 percent.

The TRX/BTC exchange rate settled an intraday high at 345 sats before correcting lower ahead of the New York trading session. The move downhill appeared in contrast with Bitcoin’s slow and sideways action above $10,000. So it appears, traders decided to move into alternative assets after finding no intraday opportunities in the Bitcoin market.

Tron (TRX) surges the th ... Read more »

Category: Analytics | Views: 26 | Added by: rozhkovagency | Date: 08.09.2020 | Comments (0)

Bitcoin has been clinging to the key $10,000 BTC price level all weekend as technical factors point to a short-term relief rally.

Last weekend was incredibly rough for most cryptocurrency investors as massive sell-offs occurred. The price of Bitcoin (BTC) dipped below $10,000 several times but seems to have found short-term support at this level.

The primary question for the markets is whether a relief rally is around the corner or further downside movement is expected. 

Let’s take a look at the charts to determine what might happen next. 

... Read more »

Category: Analytics | Views: 28 | Added by: danyagames2007 | Date: 08.09.2020 | Comments (0)

It all goes horribly wrong for Peter Schiff, as Twitter rejects his advice in favor of his college freshman son’s wisdom.

The vast majority of Twitter users trust 18-year-old Spencer Schiff’s investment advice over that of his father, Peter Schiff — a renowned gold bug and Bitcoin (BTC) critic.

“Against my advice my son just bought even more Bitcoin,” said Schiff, “Whose advice do you want to follow?”

According to a Sept. 7 tweet from Peter Schiff, 81% of over 46,000 Twitter users who replied to the poll would prefer the advice of an “18-year-old college freshman who’s never even had a job” over that of a man with more than 30 years’ experience as an inv ... Read more »

Category: News | Views: 31 | Added by: danyagames2007 | Date: 08.09.2020 | Comments (0)

Bitcoin is seeing continued “intense buy pressure,” says CryptoQuant, as $10,000 proves attractive for market entrants.

A new Bitcoin (BTC) metric says that investors are still much more interested in buying than selling at $10,000.

CryptoQuant: Bitcoin has “intense buy pressure”

Dubbed “Potential BUY/ SELL Pressure,” the tool takes exchanges’ total BTC reserves and divides them by stablecoin reserves.

The resulting number provides a rough impression of trader appetite, and it is currently skewed to the bullish side.

“BTC still has intense buy pressure. Exchanges are holding more stablecoins and fewer BTC compared to the begin ... Read more »

Category: Analytics | Views: 29 | Added by: danyagames2007 | Date: 08.09.2020 | Comments (0)

Bitcoin is ardently attempting to hold above $10,000, as this crucial psychological support level has been broken and reclaimed on multiple occasions throughout the past several hours.

Earlier today, the cryptocurrency showed some significant signs of weakness as it pushed below this level, with bears sending it as low as $9,900 before it saw a sharp rebound that led it all the way up to $10,100.

It has been facing some resistance here, however, with bulls struggling to garner any clear upwards momentum as heightened selling pressure persists.

That being said, one analyst is noting that there is a bull case to be made for Bitcoin despite its current weakness.

He notes that this recent drawdown could simp ... Read more »

Category: Analytics | Views: 24 | Added by: rozhkovagency | Date: 08.09.2020 | Comments (0)

Both big and small hodlers are amassing BTC, statistics confirm, a trend which has only accelerated as the United States prints more dollars.

More and more people are buying Bitcoin (BTC) since the 2020 coronavirus crash — and it doesn’t matter how rich they are, data shows.

Part of a series of bullish charts circulating this week, statistician Willy Woo highlighted the growth in both high and low-value wallets.

Woo: BTC whales putting money where their mouth is

According to the data, compiled by on-chain monitoring resource Glassnode, Bitcoin whale entities — wallets controlled by a single high-worth individual — keep growing in terms of how much BTC they c ... Read more »

Category: Analytics | Views: 38 | Added by: danyagames2007 | Date: 08.09.2020 | Comments (0)

Bitcoin price recently collapsed from $12,400 to under $10,000 after the cryptocurrency presented a near-perfect distribution pattern.

If the pattern continues, the market could form a massive head and shoulders top, with a price target of significantly lower.

Distribution Pattern Costs Crypto Investors An Arm And A Leg

Bitcoin price over the last several weeks had formed what by comparison appeared to be a clear distribution pattern. After the $2,000 plunge last week, that pattern may have been confirmed, now that the first-ever cryptocurrency is trading at around $10,000.

Rather than embarking on this massive bull run, crypto investors are licking their wounds after a surprise move that was telegraphed in a ... Read more »

Category: Analytics | Views: 28 | Added by: rozhkovagency | Date: 08.09.2020 | Comments (0)

After a 17% drop in the Bitcoin price within a seven-day span, options market data shows investors are turning cautious.

Market data from Skew shows investors in the Bitcoin (BTC) options market are cautiously bearish in the short term as of Sep. 8. The shift in sentiment comes after BTC’s abrupt 17% drop in seven days.

The daily chart of Bitcoin. Source:

Bitcoin fell below the $10,000 support level for the fourth consecutive day ... Read more »

Category: News | Views: 29 | Added by: danyagames2007 | Date: 08.09.2020 | Comments (0)

Bitcoin briefly lost its balance near the $10,000-support on Tuesday as traders remained jittery about its recent fall from $10,500.

The BTC/USD exchange rate fell to an intraday low of $9,993, down 3.68 percent from its opening rate. The latest sell-off appeared on the backs of a stronger US dollar. The greenback rose 0.32 percent during the early morning London session.

Bitcoin is testing the support of a triangle pattern for a pullback. Source:
The plun ... Read more »

Views: 35 | Added by: rozhkovagency | Date: 08.09.2020 | Comments (0)