Major Bitcoin Runs Since 2010
Below is an image that shows Bitcoin since 2010 to illustrate the three major runs (and corrections)… aka the 3 major Bitcoin market cycles.
Bitcoin (BTC)
Bitcoin is the most commonly known cryptocurrency. It’s a decentralized digital currency that is secure and private and can be used in transactions worldwide. It carries with it a number of pros and cons and is currently rather volatile.
In this section we discuss everything Bitcoin including how it works, what it’s worth, how you can “mine Bitcoin”, and more.
Crypto Market Rallies By Way of $300 5 Minute BTC Candle
LTC had been showing strength, perhaps in part due to the LTC + BEAM announcement. That led to BTC breaking short term resistance with a $300 run in the span of 5 minutes.
Jack Dorsey Tweets About Bitcoin, and CryptoTwitter Goes Wild
Jack Dorsey tweeted about Bitcoin, and specifically the Lightening Network (LN). CryptoTwitter loved it.
Bitcoin Added to Coinbase Wallet (Not to Be Confused With Coinbase Consumer)
Bitcoin added Bitcoin support to their multi-coin ERC-20 friendly wallet Coinbase Wallet (not to be confused with Coinbase Consumer).
Cboe Bitcoin ETF Withdrawn, Market Doesn’t Flinch
The Cboe withdrew its request for the SEC to consider a rule change for the VanEck Bitcoin ETF (the approval of which could have led to a Bitcoin ETF being listed on the Cboe). Impressively, Bitcoins price barely reacted.
Coinstar Kiosks Start Selling Bitcoin
Coinme and Coinstar are teaming to bring Bitcoin to Coinstar. You can now buy Bitcoin at Coinstar Kiosks at local grocery stores around the country.
Transaction Replay and Replay Protection With Hard Forks Explained
When a coin does a hard fork, two identical blockchains exist until changes to one of the chains is made. To avoid transaction replays (transactions made on one chain being broadcast on the other), at least one chain must implement replay protection (developers of one chain must change the format of transactions to make them unique).
The Entire Crypto Market is Pretty Much Primed For a Breakout… but….
If we didn’t just have a brutal year long bear market, crypto charts would be looking very hopeful right now. Essentially all major charts are breaking out or primed for a breakout.
Crypto Rallies as Stocks Fall
Bitcoin rallied back to $4k from recent lows and crypto followed as stock markets around the world continue to fall into a state of decline.
Bitcoin, Ethereum, and the Stable Coin Cycle
The current crypto market is dominated by BTC and ETH bearishness and stable coin bullishness. When you consider that almost all stables are Bitcoin-based and Ethereum-based, the story gets interesting.