View

Bitcoin is on the rise Thursday morning (UTC), showing resilience in the face of a global dash for dollars seen in the foreign exchange markets.

At time of writing, the cryptocurrency is trading near $5,670, representing a 9.4 percent gain on a 24-hour basis. Bitcoin found bids near $5,260 during the Asian trading hours and has been climbing since, according to CoinDesk's Bitcoin Price Index.

While bitcoin is flashing green against the U.S. dollar, most fiat currencies are currently trading in the red. For example, the British pound-to-dollar exchange rate is hovering near 1.1555, the lowest level since 1980. The currency pair has dropped by nearly 8 percent this week.

The Australian dollar fell to a 20-year low of 55 U.S. cents early on Thursday and is currently reporting a 0.6 percent drop on the day.

The greenback has gained in the past six trading days against all major currencies, as noted by macro analyst Holger Zschaepitz.

The surge indicates many investors are selling everything, even safe havens like Japan's yen and Swiss francs, to move their money into dollars over fears of a coronavirus-led recession in the global economy. If cash is king, then dollar cash is currently being world president," according to ING's head of global markets.

Bitcoin, however, isn't bowing down to the new cash overlord, and could see bigger gains if the U.S, equity markets put in a good performance in line with rising European stocks. At press time, the Euro Stoxx 50 the eurozone's benchmark index has added 1.3 percent to its value.

A risk reset on Wall Street cannot be ruled out, as central banks from Australia to Canada have launched easing programs to inject massive amounts of liquidity into the system.

Bitcoin's technical charts, too, are suggesting scope for a stronger recovery rally.

Daily chart

Bitcoin defended the psychological support of $5,000 on Wednesday and ended up producing a small hammer candle, validating seller exhaustion signaled on Monday.

A hammer candle occurs when sellers fail to keep prices at the lowest point of the day and is widely considered an early sign of a trend reversal.

The MACD histogram is printing higher lows below the zero line, indicating a drop in bearish momentum.

Hourly chart

Bitcoin produced a green marubozu candle in the 60 minutes to 10:00 UTC, which comprises a big body and small or no wicks. The bullish indicator shows buyers were in control from the session's open to its close.

The odds appear stacked in favor of a rise to the top of the ascending triangle at $5,926. A high-volume break above that level could cause more bargain hunters to join the market, producing a stronger rise to the next resistance at $6,425 (December low).

Conversely, a triangle breakdown would open the doors for a re-test of the March 16 low of $4,446.

Disclosure:The author holds no cryptocurrency at the time of writing.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Visit link:
Bitcoin Sees 9% Gain as Turmoil Hits the Forex Markets - CoinDesk - CoinDesk

Bitcoin and cryptocurrency markets were shocked last week when the bitcoin price briefly plunged to under $4,000 per bitcoin, sparking fears of a crypto wipeout.

The sudden fall was led by Seychelles-based bitcoin and cryptocurrency exchange BitMEX, with the bitcoin price dropping to a low of $3,600 on the exchange before it was closed for "maintenance."

The bitcoin price recovery to back over $5,000 per bitcoin was led by U.S.-based exchange Coinbase with BitMEX lagging far behind the other major exchanges and now crypto analysts have warned so-called leveraged trades, where investors can open positions much larger than their own capital and are popular on BitMEX, can lead to "extreme corrections."

The bitcoin price crashed last week, losing about half its value and causing panic among the bitcoin ... [+] and cryptocurrency community.

"On March 12th, bitcoin fell below $4,000. At one point, due to a backlog of liquidations, the price of bitcoin on BitMEX was over $300 below the price on other exchanges," said Geoff Watts, senior data scientist at U.S.-based Digital Assets Data, which has analysed last week's bitcoin sell-off.

"We're seeing a lot of leveraged trades in the crypto markets and that leverage can lead to extreme corrections during periods of high volatility."

On BitMEX users can borrow against their deposits up to a ratio of 100:1, providing traders the opportunity to amplify their gains, as well as potential losses.

During last week's crash, BitMEX users saw $750 million in bitcoin liquidated in a matter of minutes.

BitMEX has claimed its outage was caused by a planned DDoS attack against the exchange.

"At 02:16 UTC a botnet began a DDoS attack against the BitMEX platform," BitMEX chief executive Arthur Hayes wrote in a blog post this week.

"We discovered shortly afterward that this botnet had been responsible for a similar, yet unsuccessful, attack a month ago on 15 February."

Deribit, a smaller bitcoin and crypto exchange in the Netherlands, also experienced outages during bitcoin's flash crash last week, one during the sell-off and another after the recovery began.

BitMEX and Deribit, acting as two of the largest liquidity providers, experienced technical issues which may have likely contributed to the extreme volatility, Digital Assets Data researchers found.

Last year, the chief executive of the world's largest bitcoin and crypto exchange by volume, Binance, Changpeng Zhao warned the bitcoin price was potentially being inflated by the increased use of leveraged trades.

The bitcoin price continued to fall on Bitmex after it stabilized on other exchanges.

Bitcoin and cryptocurrency markets have fallen sharply over the last few weeks, plummeting along with traditional markets in the face of coronavirus chaos.

Bitcoin and and other major cryptocurrencies saw some $100 billion worth of value erased in just a week, with some senior figures in the crypto community warning confidence in digital assets has "evaporated"potentially leaving bitcoin and crypto vulnerable.

Originally posted here:
Heres What Caused Bitcoins Extreme Price Plunge - Forbes

All hell seems to be breaking loose in the financial markets in light of the coronavirus pandemic. But if youve spent any time talking with a Bitcoin enthusiast, youve probably been told (perhaps many times) that moments like this are what the cryptocurrency was made for. Some of its most ardent fans have contended that since the digital asset is uncorrelated with traditional assets like stocks, it is a safe haven against market crashes like those we are seeing right now.

You can read all ourcoverage of the coronavirus/Covid-19 outbreakfor free, and also sign up for ourcoronavirus newsletter. But pleaseconsider subscribingto support our nonprofit journalism.

Sign up for the Chain Letter blockchains, cryptocurrencies, and why they matter

Much to the disappointment of true believers, however, Bitcoinin fact, the whole cryptocurrency markethas cratered right along with the stock market. Though the price has jumped today, at publication time it was still down roughly 40% from a month ago. So is Bitcoin not actually a safe haven after all? Though it appears to have failed the biggest test of the idea yet, the debate will probably rage on, serving as a reminder that we are still figuring out exactly what Bitcoin is and is not.

Its also not clear that Bitcoin is supposed to be anything in particular. But Satoshi Nakamoto, its pseudonymous, still-unknown creator, did leave some clues. The title of Nakamotos Bitcoin white paper, which introduced the concept to the world, refers to peer-to-peer electronic cash. In the introduction, Nakamoto called for an alternative to the traditional system of online commerce, which relies too heavily on trusted third parties.

Then there is the mysterious message Bitcoins creator left in the very first record of transactions in the blockchain, known as the genesis block: The Times 03/Jan/2009 Chancellor on the brink of a second bailout for banks. Nakamoto never explained what this message meant. Still, its hard not to see Bitcoin as a reaction to the last global financial meltdown, which began in September of 2008. The Bitcoin white paper hit a popular cryptography email list on Halloween of that year, and the system was running by January.

In practice, Bitcoin is too slow and inefficient to act like electronic cash. Instead, many enthusiasts today view it as a form of digital gold. Real gold has long been considered a reliable store of value, and investors tend to see it as a form of insurance against an economic downturn.

Gold is also famously seen as a safe haven asset, which Investopedia defines as an investment that is expected to retain or increase in value during times of market turbulence. Other commodities like silver, corn, and livestock can also be safe havens. So are US Treasury bonds and cash. Many Bitcoin advocates have claimed that the digital asset belongs in this league too. Then last week happened.

Surprised were seeing the Bitcoin price fall in this environment, would have expected the opposite, Brian Armstrong, CEO of the popular US exchange Coinbase, tweeted on March 9, likely expressing what many Bitcoin fans were feeling. And that was before the carnage of March 12, when Bitcoin lost more than 40% of its value.

So what happened? One part of the explanation is somewhat ironic. In its earlier days, most of the people who invested in Bitcoin were committed to building an alternative financial system. They saw it as a long-term investment. Bitcoin used to be the asset of the future, writes Noelle Acheson, director of research at CoinDesk. It really was separate from the traditional financial system.

But as an industry has emerged around the currency in more recent years, it has made a major effort to foster adoption by institutional investors like hedge funds and other professional trading desks. The recent selloff is evidence that the effort has worked. Professional traders have been desperate to raise cash, writes Acheson: Bitcoin was just another financial asset getting trampled as investors headed for the exit.

So in its short life, Bitcoin has gone from an extremely obscure asset held mostly by true believers to just another financial asset. In light of the latest global financial crisis, it looks nothing like a safe haven. But in other contextssuch as in countries with high inflation, like Venezuelait has become a safe haven of sorts, at least compared with the national currency. And though it did crash alongside the stock market this time, Bitcoin can still be considered an alternative asset, in that like gold it doesnt depend on the cash flows of other institutions for its value, writes Acheson: The greater range of alternative assets, the better for investors, especially in troubling times like these.

A decade from now, how different will Bitcoin look as an asset? Will it still look more like digital gold than digital cash? Who will be investing in it, and why? What Bitcoin is is bound to keep changing along with those factors. So are ideas about the role it can play for investors and in society, safe haven or not.

Read this article:
Coronavirus is forcing fans of Bitcoin to realize its not a safe haven after all - MIT Technology Review

Bitcoin price drop witnessed recently is one of the worst beatings in months while the cryptocurrency sphere as a whole sits tight. Well not just the cryptocurrency sphere, but the world is sitting tight as the Bitcoin price chart movement has correlated with the stock market in a weird movement.

Bitcoins recent massive selloff has made the analyst wrap their heads around the question that is this third sell-off a sign that Bitcoin has fewer chances to survive.

Among others, the crypto research firm Coin Metrics tried to decode the whole episode and have come up with this conclusion that those holders that held the currency for a short period are the reason that contributed to this.

CoinMetricsin its latestState of the Network reportstated that the long-term holders remained chose to stay on sidelines in this whole episode. The coins that were held for twelve months or less than that were responsible for driving out the thirty-eight price route.

This tends to explain the reason for Bitcoins one-year revived supply not having any major spike in the month of March.

The short-term holders were reportedly selling their coins at a loss.

The report also highlights the fact that the market value of Bitcoin to realized value (MVRV) slipped under 1.0. On 12th March, MVRV experienced its biggest drop since the year 2013. The Coin Metrics report explains:

an MVRV above one can signal that speculators have a higher average market valuation than holders. An MVRV below one, on the other hand, can signal that holders have (or had) a higher market valuation than current speculators.

Speculators now do not value Bitcoin more than the holders, and this could be the potential indicator that the leading cryptocurrency is moving closer to bottoming out.

Coronavirus is affecting everyone and everything and not just causing Bitcoin price drop. But this is an indirect effect of the market that is killing the coin at the moment. Truth be told, investors are also putting away their money in stable coin and other assets on account of extreme volatility.

Coronavirus effect on Bitcoin price drop has been observed on the market already in the correlation study with the stock market, where the two markets almost shadowed each other. The world is on lockdown and that means less retail trading, less of buying and less of business everywhere and not just in the cryptocurrency sphere.

Read the original post:
Here is the real reason behind Bitcoin price drop - Cryptopolitan

When Democratic presidential candidate Andrew Yang proposed a Universal Base Income (UBI) of $1k per month for all Americans, he was scoffed at by most of his rivals. Now, just a month after the numbers guy pulls out of the race, the Trump administration is sending checks to all U.S. citizens. What would happen if they all used them to buy bitcoin?

Its uncanny just how much your life can change in a short period of time. For most of us in the crypto space, were used to being flung into rapidly shifting panoramas from one day to the next.

But now thats extending to the real world theres a distinct feeling that the apocalypse is near. All we need is for the four men to come charging in on horseback and well pretty much have it confirmed.

Tell the U.S. public even two weeks ago that the Trump administration would start sending checks to every American and they would have spat out their Starbucks.

But now the Republican president is effectively following Andrew Yangs UBI policy (under another name). To be sure, they arent saying UBI, just as they arent calling it COVID-19 but the Chinese virus but it certainly looks a lot like it. Secretary of the U.S. Treasury Steven Mnuchin said:

You can think of this as something like business interruption payments Were looking at sending checks to Americans immediately Americans need cash now.

These are unprecedented times indeed. And the money printer is getting overheated. As Europac CEO Peter Schiff commented, it looks as if Yang didnt lose the idealogy fight after all:

OK, so this is a bit of a reach, but we all need something joyful to think about during these dark times. Just for laughs, lets take a look at what one bitcoin trader posted to Twitter. He said:

If every American gets $1000 and buys $tc, they can send it to $23k

That would be extremely cool indeed. Although, according to one follower Ash Ketchum, his numbers are a little off. In fact, based on the fact that there are 300 million Americans and they all spent $1k on BTC, that would give Bitcoin a final price of $21.9k.

$21.9k would push bitcoin past its all-time high just shy of $20k. So Trumps business interruption payments could give cryptocurrency a boost like never before. And maybe aliens will descend on the planet and pigs will fly past the window.

Yet, who knows? Were living in a different world than we were before. One in which helicopter money (UBI) can be triggered just from printing paper and BTC could go to zeroor spectacularly moon instead.

Do you think this free money scheme will boost bitcoin price? Add your thoughts below!

Images via Shutterstock, Twitter @KetchumAlts @TrustlessState @Peterschiff

See the article here:
What Bitcoin Price Would Be If Every American Invested $1K - Bitcoinist

Tethers USDT money printer is up and running again, and it could be a sign of whats to come next for Bitcoin and the aggregated cryptocurrency market.

It now appears that Tether has issued a whopping $161 million worth of USDT over the past 24-hours, putting the total number of new USDT issued over the past three months at $627 million.

Although this massive addition of new Tether into the crypto ecosystem has come about during a time of immense selling pressure on Bitcoin, historical precedent does seem to suggest that this is a highly bullish sign for the benchmark cryptocurrency in the near-term.

Tether has long been accused of using their ability to print USDT tokens to manipulate Bitcoin, with the addition of these tokens to the crypto ecosystem being directly correlated to massive BTC price movements.

According to data recently shared on Telegram by Unfolded a Bitcoin and crypto analytics group Tether has increased the circulating supply of USDT by an astonishing 13.3% over the past three months, with an additional $161 million worth of tokens being minted over the past 24-hours.

In less than 3 months Tether circulating supply grew by 13.3% or $627m USDT got added into circulation. Last 24h $161m USDT got minted, Unfolded noted in a message.

Image Courtesy of Unfolded

As for why this massive climb in the circulating supply of USDT is significant for Bitcoin, over the past several years there has been an uncanny correlation between BTCs price trends and USDTs market cap.

Charles Edwards, an investor at Capriole, spoke about this phenomenon in a recent tweet, explaining that he believes the recent rise in USDTs market cap is a healthy sign for Bitcoin.

Major changes in Tethers Market Cap have led Bitcoins price over the last 1.5 years. 5 January 2020 was no different. A healthy signal. Keep it printing, he explained.

Assuming that this trend continues to have validity in the future, the recent rise in the circulating supply of USDT does seem to suggest that Bitcoin could soon see some serious upwards momentum.

Read the rest here:
Tether is Now Printing Millions, and Thats Huge for Bitcoin - newsBTC

Bitcoin is struggling to gain momentum above $5,500 resistance against the US Dollar. If BTC price breaks the $5,000 support, it could start a major decline in the near term.

After a close above the $5,000 pivot level, bitcoin extended its rise against the US Dollar. BTC price traded above the $5,400 resistance and the 100 hourly simple moving average.

However, the price faced a strong selling interest above the $5,500 level. The bulls made a couple of attempts to gain pace above $5,500 and $5,600, but they failed. The last high was near $5,568 and the price is currently correcting lower.

It traded below the 23.6% Fib retracement level of the upward move from the $4,326 low to $5,568 high. The price even spiked below the $5,100 level and the 100 hourly simple moving average.

On the downside, the $5,000 area is acting as a strong support. The 50% Fib retracement level of the upward move from the $4,326 low to $5,568 high is also near the $4,947 level to provide support.

There is also a key ascending channel forming with support near $5,100 on the hourly chart of the BTC/USD pair. Therefore, a downside break below the channel support and the $5,000 support area could start a strong decrease.

Bitcoin Price

The next support is near the $4,800 level, below which the price may perhaps continue to move down towards the $4,600 and $4,500 levels.

If bitcoin climbs higher above the $5,500 resistance and the channel upper trend line, the bulls could gain control. The next resistance is near the $5,600 level, above which the bulls are likely to aim a test of the $6,000 resistance in the near term.

The overall structure is slightly negative, but a break below the $5,000 support could put a lot of pressure on the bulls.

Technical indicators:

Hourly MACD The MACD is about to move into the bearish zone.

Hourly RSI (Relative Strength Index) The RSI for BTC/USD is currently just above the 50 level.

Major Support Levels $5,100 followed by $5,000.

Major Resistance Levels $5,500, $5,600 and $6,000.

Go here to see the original:
Bitcoin Lacks Momentum And A Break Below $5K Could Be Trend Defining - newsBTC

Quick recap: for the past few weeks, Bitcoin had been following the crashing global markets. While the S&P 500 and Nasdaq lost more than 30% over the past month, Bitcoin followed them but with a little bit of leverage.

The primary cryptocurrency is now trading at a 50% discount from the highs of mid-February, when it was trading above the $10,000 mark.

Many crypto enthusiasts waited for this moment. Bitcoin was born after the most recent significant financial crisis, the one of 2008. Nowadays, Bitcoin is facing its first real economic collapse, but so far, behaving just like any other asset. Not the way Satoshi Nakamoto expected it to be.

We could see the same positive correlation between Bitcoin and the stock markets over the past weeks. However, during the previous days, Bitcoin holds firmly, trading inside a range between $5000 and $5500. This is despite another plunge of 5-6% in the major indexes.

Is this the turning point, when Bitcoin says goodbye to the positive correlation in order to become a real safe-haven asset? Only time will tell. Just a reminder, Gold crashed at the beginning of the 2008 financial crisis, just as it does now, before starting to be a hedge and started soaring.

Following yesterdays assumption about Bitcoin being stable against the crashing markets, we saw Bitcoin breaking above the $5500 resistance, followed by a massive move surpassing $6,000, marking $6,400 as the current daily high, as of writing these lines.

While Bitcoin was breaking out, Wall Street futures were forecasting a 2-3% drop at the start of Thursdays trading day. Judging by the past hours, the correlation between Bitcoin and the markets is now inverse. A dream come true? Only time will tell.

Total Market Cap: $172 billion

Bitcoin Market Cap: $112 billion

BTC Dominance Index: 64.8%

*Data by CoinGecko

Support/Resistance levels: As mentioned above, the overall picture can be seen on the 4-hour chart below. Bitcoin is trading between $5000 from below, and $5500 from above. A breakout to either direction is likely to point the next short-term for Bitcoin.

From above, the first resistance is the $5500 price zone (the 78.6% Fib retracement level from the June 2019 bull-run), followed by $5700. Further above lies $6000 $6100 (Sundays high).

From below, the first major level of support is the $5000 mark. Further below lies $4700 $4800. Beneath, there is the Mondays low around $4500, before the next significant level at $4200 (old resistance turned support level from the beginning of 2019), and the $4000 mark.

The RSI Indicator: The RSI is at a decision point. After breaking out of the marked wedge, which started forming a month ago, the RSI is facing the 30 level as resistance. A break here can boost the bulls.

Trading volume: As mentioned here before, Thursday and Friday, March 12 & 13, were the two highest daily volume candles over the past year. Since then, the volume had been declining, getting ready for the next move.

Enjoy reading? Please share:

Click here to start trading on BitMEX and receive 10% discount on fees for 6 months.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency chartsby TradingView.

Originally posted here:
Bitcoin Price Analysis: Is This The Day Bitcoin Had Been Waiting For 11 Years? - CryptoPotato

The head of developer relations at Ripples Xpring says blockchain is poised to transform the world of finance amid rapidly changing economic conditions.

In a new blog post, Warren Paul Anderson says payments are the clear first use case for the emerging technology. He points to economic turmoil as a potential catalyst for the rise of crypto assets like Bitcoin, Ethereum and XRP.

We believe that blockchain technology is the deconstruction of finance, down to its core components, with payments being the first part through the implementation of crypto currencies such as BTC, ETH, and XRP.

As the world braces for change in global economic conditions, we believe that blockchain technology can serve as an integral tool for developers to put the pieces back together.

Early this month at London Blockchain Labs, Ripple co-hosted an event for around 100 developers called Deconstructing DeFi.

The gathering focused on specific aspects of decentralized finance (DeFi), a term representing broader efforts to recreate traditional financial instruments in a decentralized architecture that cant be controlled by middlemen.

Xpring has released a software development kit designed to make it easy to build on XRP and recently revealed plans to build a bridge between XRP and Ethereum that will make it easy to exchange one cryptocurrency for the other.

Through Xpring, Ripple has also allocated more than half a billion dollars to companies that support crypto and blockchain technology.

Featured Image: Shutterstock/Strahil Dimitrov

Read this article:
Ripple Executive Says Bitcoin, Ethereum and XRP Represent First Wave in Deconstruction of Finance - The Daily Hodl

Watching the bitcoin price move can be exhilarating, or at times soul-crushing, depending on the market. The unpredictability makes watching things unfold in real-time compelling, and checking the price via live broadcast is further enriched by commentary from popular traders and influencers. These let viewers in on their point of view as the market roller coaster unfolds by the second. In this article, well look at some go-to broadcasters and live shows and see what they have to offer.

Also read: How to Track, Get and Set the Best Transaction Fees with Bitcoin and Bitcoin Cash

Its one thing to see a pre-recorded video of your favorite influencer or crypto commentator sounding off on the latest news. Its an entirely different experience when the show is being broadcast live, charts are moving in the background, and the host perhaps with a guest or two is debating and speculating about what the hell is going on.

An electrified live chat box buzzing with fresh comments, questions and jokes makes the whole scene that much richer. What follows is a peek at some of the leading live bitcoin people in the cryptosphere today, and what they bring to the table.

CNBC Television: Yes, its mainstream. Yes, it says television. All the same, for the political junkie with an interest in how world events are affecting markets both bitcoin and legacy CNBCs Youtube channel offers a variety of programs, high profile guests, interviews and occasional live broadcasts with commentary.

The channel posts in prolific fashion daily, and though the focus is mainly traditional markets, it can help to contextualize bitcoin price movements in view of wider economic happenings and mainstream perception. For those that (perhaps rightly) think MSM is total garbage, remember the words of Hunter S. Thompson: People think I watch TV too much, but they are wrong. There is a huge difference between merely watching TV and learning to respond aggressively to it.

Ivan on Tech: Leaving the square world of CNBC behind, Ivan on Tech offers daily live analysis of whats happening in crypto markets, and like CNBC contextualizes it. Ivan, however, takes an economic view critical of some of the rotten fundamentals of traditional finance and central banks.

The show has a highly active live chat, analyzes news, social media buzz and crypto Twitter commentary, and of course price movements of cryptocurrencies. Ivan also has a Youtube presence where recorded content can be viewed, but after a recent suspension from the platform, hes moved the actual live show to his website. In the latest episode he discusses the recent coronavirus stock market collapse, and the suggestion that crypto markets might need circuit breakers, like traditional stock markets.

Mitch Ray: Mitch Rays crypto technical analysis (TA) channel is a true live-casting operation for hardcore crypto netizens. The long-form, multiple-times-daily crypto streams examine markets live, focusing mainly on BTC and stocks, sometimes discussing altcoin and gold/metals markets as well. Its a relaxed format with charts front and center. The relaxing music and good humored banter with the live chat group combine to make analysis hip and goofy at the same time, highly detail-oriented, and fun.

Crypt0: Omar Bam, better known as Crypt0 to those in the bitcoin space, has a successful crypto Youtube channel with 119K subscribers. Putting out crypto video content nearly daily, as he clarifies, Bam does a combination of pre-recorded and live content, focusing on a wide variety of different coins, topics, and guests.

His latest livestream from March 12, Markets Are Crashing A Chat With Alex Saunders of Nuggets News, finds Crypt0 and Sanders chewing on the tough realities of the current market panic in light of the worldwide coronavirus scare. The combination of conversation, live chat, and a running ticker at the bottom of the screen so prices are never too far away makes for an engaging bitcoin live experience.

Introtocryptos: A more technical live-streaming bitcoin and altcoin channel, Introtocryptos allows you to watch bitcoin trades happening in real-time, seeing what amounts are being traded on which exchange. So, if you have seven hours to spare and want to actually hear the sounds of bitcoin being bought or sold, this is your bitcoin live broadcast. The channel also features shorter videos with live commentary about altcoin markets, bitcoin dominance, and other topics.

While finding reliable content is always a challenge in the veritable minefield of scams and empty promises that can clutter the crypto space, as long as youre buckled up and adequately cynical, the above resources can help to put flesh on the bones of the bare numbers of the market, making bitcoin price movements something to be experienced as much as just read on a screen.

So whether youre looking to see if your bags are going to lift you to the moon, or for someone to commiserate with as markets sink into the icy seas of capitulation, live bitcoin broadcasts are where its at. If youre particularly industrious, you can even start your own.

Whats your favorite live bitcoin broadcast? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Price articles and market updates are intended for informational purposes only and should not be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader.

Image credits: Shutterstock, fair use.

Do you want to maximize your Bitcoin Mining potential? Plug your own hardware into the worlds most profitable Bitcoin mining pool or get started without having to own hardware through one of our competitive Bitcoin cloud mining contracts.

Graham Smith is an American expat living in Japan, and the founder of Voluntary Japanan initiative dedicated to spreading the philosophies of unschooling, individual self-ownership, and economic freedom in the land of the rising sun.

Read the original:
Bitcoin Live: How to Watch the Next Price Run or Crash in Real-Time - Bitcoin News