Bitcoin bulls eye $50K as data show BTC’s liquid supply in steady decline

On Feb. 12 Bitcoin (BTC) price hit a new all-time high at $48,985 before pulling back to the $46,000 level.  A quick glance at the 4-hour chart shows the top-ranked cryptocurrency trading in what appears to be a brief phase of consolidation but BTC is still maintaining its bullish momentum through a pattern of higher highs and higher lows. If BTC can maintain its current pace and structure, a move to the $50,000 level could possibly occur before the weekend ends. BTC/USDT 4-hour chart. Source: TradingView A report released by…

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0x takes initial steps towards decentralizing governance

In a post today on their governance and research forums, the team behind decentralized finance(DeFi) AMM aggregator 0x announced initial plans to decentralize their governance by creating a “community-owned treasury seed-funded by 0x Labs.” “As we continue our mission to create a tokenized world where all value can flow freely, 0x Labs intends to experiment with seed-funding a community treasury managed by a DAO,” reads the post. “To establish the DAO, 0x Labs will identify a set of bootstrap delegates that will shepherd the initial steps of governance decentralization.” According…

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Spike in DeFi lending pushes Compound (COMP) price to a new high at $570

As Bitcoin and numerous altcoins surge toward new all-time highs, traders who are coin rich but cash poor are increasingly flocking to decentralized finance lending platforms where they can collatoralize their holdings to raise funds for new investments.  Compound is one of the leading DeFi lending platforms and over the past month its TVL and governance token price has rallied to new highs. Total value locked in Compound. Source: Defi Llama Compound, which ranks third among DeFi lending protocols, has $4.55 billion worth of assets locked on the platform and…

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Former risk analyst explains why he’s selling his Bitcoin

Bitcoin has gained significant media attention in recent days, in line with its price rise to nearly $50,000, the institutional implications of Tesla’s recent $1.5B purchase. Nassim Nicholas Taleb, who previously worked as a risk analyst and options trader, views Bitcoin (BTC) less than optimistically, however. “I’ve been getting rid of my BTC,” Taleb said in a tweet on Friday, as reported by BNN Bloomberg. “Why? A currency is never supposed to be more volatile than what you buy & sell with it,” he explained, also noting: “You can’t price goods in…

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Traders say there aren’t many reasons to be bearish on Bitcoin

Bitcoin hit just shy of $50,000 in the past 24 hours, following news earlier this week that Tesla had purchased $1.5 billion worth of the asset. Despite Bitcoin (BTC) rising more than 100% past its 2017 high near $20,000 over the course of the past few months, Cheds, a crypto analyst and trader on Twitter, thinks the scene remains bullish.  “I think many people are looking for a local top here, or perhaps reasons for one because the price has risen so far so fast,” Cheds told Cointelegraph. Cheds is CMT level I…

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Cointelegraph to gift NFTs to honorees on its ‘Notable 100’ blockchain list

Now that Cointelegraph’s “Top 100 Notable People in Blockchain 2021” has been fully revealed, you’d be forgiven for thinking that the surprises were over for another year. Well, not quite. We believe that those who gained a place within our list deserve more than simply being celebrated on our website… so we’ve immortalized them as unique nonfungible token artworks designed by the talented illustration team here at Cointelegraph. But unless you’re on the list, don’t get too excited just yet. These NFTs won’t be available to the general public. Instead,…

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BitPay integration brings crypto payments to Apple Pay’s 380 million users

The string of major payments companies allowing crypto features continues as BitPay announced today that BitPay card users can now connect to Apple Wallet and pay for goods and services using Apple Pay.  “We have thousands of BitPay Wallet app customers using the BitPay Card who are always looking for new places and ways to spend their crypto,” said BitPay CEO Stephen Pair in a press release. “Adding Apple Pay and soon Google and Samsung Pay makes it easy and convenient to use the BitPay Card in more places from…

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Bitcoin price enters consolidation, but is a rally past $50K now inevitable?

The price of Bitcoin (BTC) achieved a new all-time high on Feb. 11 as it surpassed $48,500 across major exchanges. Since then, the dominant cryptocurrency has been consolidating, showing no real momentum to break out of the record-high in the near future. But analysts are not fazed by the consolidation after breaking past a new peak. Generally, market commentators say that when an asset moves slowly or consolidates after an explosive move upward, it is a sign of a healthy market. For Bitcoin, stabilizing following a strong impulse rally to…

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