One analyst explained how the current Bitcoin surge appears to have reached the mid-completion mark if this indicator is anything to go by. Bitcoin VWAP Oscillator Suggests BTC Rally Is Only Half Complete In a new post on VWAP, as its full form suggests, is an indicator that calculates the average price of a cryptocurrency based on the price movements during the day, as well as the volume traded at that price. Related Reading This volume is typically measured using spot volume data provided by centralized exchanges. However, in the case of Bitcoin, the blockchain is anyone-browseable, so on-chain volume…
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Settlement of the Bitcoin market According to a recent report from Glassnode, the Bitcoin market has experienced a cooling after months of extreme circulation pressure. This comes after a significant period of distribution at all-time highs (ATH). Despite lighter divestiture activity, capital inflows have been relatively small. However, as volatility decreases, larger moves may occur. supply-side slowdown A strong Bitcoin market naturally comes under sell-side pressure as rising prices incentivize long-term holders to distribute some of their holdings. However, the supply held by the 3+ cohort continues to increase, suggesting that this cohort is generally…
One analyst explained how the current Bitcoin surge appears to have reached the mid-completion mark if this indicator is anything to go by. Bitcoin VWAP Oscillator Suggests BTC Rally Is Only Half Complete In a new post on VWAP, as its full form suggests, is an indicator that calculates the average price of a cryptocurrency based on the price movements during the day, as well as the volume traded at that price. Related Reading This volume is typically measured using spot volume data provided by centralized exchanges. However, in the case of Bitcoin, the blockchain is anyone-browseable, so on-chain volume…
Fireblocks, a leader in digital asset security, is providing enterprise-grade storage solutions to Gunzilla Games through a groundbreaking partnership, according to a recent post on the Fireblocks website. Innovation in digital assets in games This collaboration is set to revolutionize the gaming industry by ensuring the safety and security of in-game digital assets. Fireblocks’ cutting-edge solutions enable Gunzilla Games to provide users with an enhanced and safer gaming experience. Enterprise-grade management solution Fireblocks’ enterprise-grade storage solutions are designed to meet the highest security standards. The company has a proven track record in the digital asset…
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Posted 1 minute ago In ~ US-based cryptocurrency exchange Coinbase has announced that it will launch retail-scale futures contracts for oil and gold. Coinbase Derivatives said Tuesday that its new product will be available starting June 3.“Cryptocurrency derivatives are core to our business, but we are excited to announce the launch of new futures contracts for oil and gold,” the company said in a statement.Coinbase Derivatives, which is regulated by the Commodity Futures Trading Commission (CFTC), already offers clients Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Dogecoin futures, the company said in a statement.“The new contracts, worth 10 barrels of oil…
One prominent cryptocurrency analyst believes that Bitcoin (BTC) is likely to continue trading near all-time highs at the expense of altcoins. In a new YouTube video, Benjamin Cowen tells his 801,000 subscribers that he believes the only reason Bitcoin is still above $60,000 is because traders are moving money from altcoins to BTC. Cowen warns that Bitcoin and the rest of the cryptocurrency markets will likely see a larger correction once liquidity in the altcoin market dries up. “The base case I have been saying for months is that Bitcoin will split the altcoin market to this point, and as…
index A surge in alternative cryptocurrencies is just around the corner. The bull market expected in 2024 portends a potential change in market dynamics. The focus is on specific cryptocurrencies that may be of interest. Investors want to find the next big move in this vibrant environment. The previous article goes into detail about why these cryptocurrencies could become notable cryptocurrencies when the market heats up.Over $6 Million Raised: BlastUP Presale Continues, Delivering Potential ROI of Up to 1000%BlastUP has been receiving a lot of attention recently due to its high potential to become a major force in the cryptocurrency…
According to an article by Chainalytic, the rise of cryptocurrency mining pools has significantly changed the cryptocurrency mining landscape. These pools allow individual miners to combine their resources and efforts to maximize rewards while minimizing the risks associated with individual mining. What is a Cryptocurrency Mining Pool? Proof-of-Work (PoW) blockchains such as Bitcoin (BTC), mining is a way to achieve consensus. Mining pools have emerged as a solution to the increasing competitiveness of Bitcoin mining due to the rise of application-specific integrated circuits (ASICs) and large-scale mining operations. These mining pools allow individual miners to…
In a recent interview with Bitcoin Magazine, Shinobi sat down with Blockstream’s Andrew Poelstra to discuss colleague Rusty Russell’s ambitious proposal. Rusty plans to restore several abandoned features in the Bitcoin code. This is a bold move that will significantly improve the functionality and expressiveness of Bitcoin Script.Understand the new costing modelOne of the key aspects of the “Restoring Great Scripts” proposal is the introduction of a new cost model for opcodes. Currently in Bitcoin, all operations cost the same regardless of computational complexity. However, this model does not accurately reflect the actual cost of script execution, resulting in potential…