Today CME features expiry happened. Despite all the prognosis around this event, Bitcoin barely reacted. The August CME Bitcoin futures expiry ended somehow being irrelevant. Now, everyone is asking themselves if this is a bullish or bearish signal?
Iran was able to master a smart plan to expose the illegal crypto miners. Simple, clever, and efficient as the results turned out. The Tavanir, Iran’s power company, with its citizens, managed to shut down 1100 crypto mining farms, that were allegedly operating without the proper licenses.
So far, August is the month that shows the true nature of Bitcoin’s heightened volatility property. At least three factors point toward its volatility in the near term. At the end of this month, we can see through the emerging signs of heightened volatility. Starting September, Chicago Mercantile Exchange futures contracts and Deribit options expire. It’s an awaited event because BTC’s near-term direction remains uncertain, and everyone is eager to see the chain events.
The DeFi’s future gets more promising since Radix releases its first layer-one protocol made up of four different technologies. The Radix’s white paper, informs of four technologies that can bring DeFi for mass adoption - Cerberus, Radix Engine, Component Catalog, and the Developer Royalties. Let's find out more about the newest platform.
This month, Bitcoin (BTC) achieved a high of $12,486 on Coinbase. Just three days ago, BTC recorded a drop by 5%, leading to a red board on Coinbase360.com. The recent event provoked losses in the altcoin market. Believe it, or not this is just another expected healthy pullback. So, how a price drop is healthy for the crypto market?
Since Bitcoin’s price started to increase, beginning in June 2020, the crypto market shows impressive altcoin’s price development. The investment sentiment encourages more investors to diversify their portfolios. And every altcoin out there has the chance to flee and become much-trusted. At the same time, crypto investors focus mainly on Bitcoin and Ethereum over recent weeks. It is Time for Litecoin to mark its price-performance spotlight.
After studying the last 4-years of the Bitcoin’s last 4-years cycle, David Puell, an on-chain analyst, can affirm that the $14,000 level is a crucial price point for the number one cryptocurrency. Whale clusters are the main reason since they show a key area with a range between $12,000 to $14,000.