by bitcoinist 01/24/2019
Hong Kong-based trading platform BitMEX owns so much Bitcoin that it could launch multiple 51 percent attacks against some altcoins for months. Bitcoin Insurance Fund Worth $76 Million Those were the results of calculations from social media commentators this week as it emerged BitMEX’s Insurance Fund now contains 21,350 BTC ($75.9 million). The “monstrously large” fund, as Twitter account loomd’rat described it in December, has accelerated its accumulation in recent months as the Bitcoin price
Neither the Dow nor the bitcoin price looks like it has the momentum to begin clawing back Monday’s losses, as both the stock market and the large-cap cryptocurrency index are flashing little movement ahead of the US trading session. Shaky Dow Hopes to Avoid Opening Bell Losses As of am 8:42 am ET, Dow Jones Industrial Average futures had gained 70 points or 0.29 percent, implying a rise of 49.78 points when the markets open. The index had steeled itself for an opening bell decline but fought back into the green on the back of strong pre-market earnings reports from
The Bitcoin price continues to suffer as the week progresses, losing another 2 percent in USD terms to trade below $3400 January 29. ‘D-Day’ For Bitcoin Price Trend? Bitcoin’s 3-day losses now surpass 7 percent as analysts describe what they see as a decisive trading period which will determine the broader trend for BTC/USD . “Today is D-Day for down-trend confirmation,” analytics website Woobull creator Willy Woo wrote on Twitter late Monday. Woo was monitoring
Bitcoin is on the defensive after a drop to six-week lows and could soon test crucial long-term support below $3,300.