Bitcoin Chart Indicator Flips Bearish as Price Sees Weak Bounce From $9.4K – CoinDesk

Bitcoin’s lackluster recovery from price support around $9,400 is struggling to gather upside traction amid bearish developments on the short-term technical charts. The top cryptocurrency by market value fell by 5.5 percent on Wednesday to register its biggest single-day drop in three months. Sellers, however, failed to keep prices below the widely tracked 200-day moving […]

Continue Reading

Bitcoin’s Lightning Network Is Growing ‘Increasingly Centralized,’ Researchers Find – CoinDesk

Bitcoin’s lightning network is growing “increasingly centralized,” making it more susceptible to attacks, asserts a new paper by security researchers. Seen as a potential solution to bitcoin’s scaling headaches, lightning is a payment network allowing for speedier and cheaper transactions. Partly to make lightning more robust, developers and researchers have been trying to spot holes […]

Continue Reading

On-Chain Activity Suggests Bitcoin Price Volatility Will Continue, Thanks to ‘Whales’ – CoinDesk

Bitcoin’s (BTC) price volatility spiked in January and could further increase over the near term because “whales” have surfaced. The cryptocurrency’s annualized volatility grew roughly eight percentage points in January to a three-month high of 58.2 percent, according to Kraken’s monthly report.  Volatility rose as bitcoin’s price rallied from lows near $6,850 on Jan. 3 […]

Continue Reading

Low-Volume Bitcoin Pullback Stalls at Price Support Near $9.6K – CoinDesk

Bitcoin’s price pullback looks to have stalled with the bears losing steam near former hurdle-turned-support on Sunday.  The number one cryptocurrency by market cap ran into offers over the weekend, having faced multiple rejections near $10,500 on Feb. 12–13. Notably, the cryptocurrency fell nearly 4.5 percent on Sunday – its biggest single-day decline since Nov. […]

Continue Reading