⚡️ ALTUS.FINANCE ⚡️

2021-08-23 23:09:26 Open / Comment

2021-08-23 01:28:58 NEWS ZAP

Why Bitcoin’s market right now is more bullish than otherwise


Bitcoin has maintained itself well above $47.5k since 20 August. As its price broke above the critical $48k barrier, many from the community saw the path beyond $50k clearly. Since the king coin still has a few resistance levels to break before it can oscillate above $50k, the spot market is somewhat cautious of its moves.

With BTC facing resistance at $49k, trade volumes in the spot market showed no major spikes. However, the Options volume peaked on 20 August – An almost 40% jump.

OI trends usually highlight spikes just before the date of expiry or sometime prior to them and have been incremental after each expiry.

Thus, while bears anticipate BTC’s price to go below $44,000, bulls need a strong push above $50,000 to stay in the game. However, the expiry of contracts on 27 August could push Bitcoin’s volumes, inducing more market momentum. This will be of key importance in maintaining the rally. Open / Comment

2021-08-22 12:50:35 Binance Futures
#LTC/USDT All take-profit targets achieved
Profit: 284.3137%
Period: 3 Days 18 Hours 28 Minutes Open / Comment

2021-08-21 15:52:10 NEWS ZAP

Binance Makes KYC Mandatory For New Users


Binance.com has said new users on the platform will be required to complete Intermediate level verification.

Existing users without intermediate verification will only have the ability to withdraw funds.

According to Binance, the decision was made to strengthen its Anti-Money Laundering (AML) rules. Open / Comment

2021-08-20 19:30:17 Binance Futures
#BCH/USDT All take-profit targets achieved
Profit: 49.2188%
Period: 22 Hours 12 Minutes Open / Comment

2021-08-20 19:30:01 Binance Futures
#LTC/USDT Take-Profit target 2
Profit: 205.8824%
Period: 2 Days 3 Hours 15 Minutes Open / Comment

2021-08-18 18:58:20 AUGUST TRADING LEVELS FOR BTC/ETH

https://www.tradingview.com/chart/BTCUSDT/qP9TflBF-AUGUST-BTC-USDT-TRADING-LEVELS-ALTUS-FINANCE/

https://www.tradingview.com/chart/ETHUSDT/LoWG7P4B-AUGUST-ETH-USDT-TRADING-LEVELS-ALTUS-FINANCE/ Open / Comment

2021-08-18 17:04:59 Open / Comment

2021-08-18 15:57:40 NEWS ZAP

Crypto exchanges diving into esports sponsorships to engage young digital natives


“The Covid-19 pandemic has changed many established conventions in a number of human experiences,” said Ben Zhou, co-founder and CEO of Bybit. “Both sports and finance have witnessed the exponential pace of mainstreamization of two new entrants — esports and cryptocurrency.”

The partnership with NAVI marks Bybit’s entry into esports collaborations, Bybit said in a statement. The sponsorship will also include financial education resources for gamers looking to diversify and invest in digital currencies.

“Cryptocurrency and esports have much in common: They are new, fast-growing and interesting to keep watch and learn,” said Alexander Pavlenko, NAVI’s chief marketing officer. NAVI boasts a 18.4 million fan base and close to 600 million total video views on YouTube.

Gaming and esports analytics firm Newzoo projects that the esports sector will become a billion-dollar industry in 2021. Open / Comment

2021-08-18 01:30:00 NEWS ZAP

Bitcoin Miners' Revenue Up 57% Since June


According to the latest on-chain data from Glassnode, mining revenue has increased by 57 percent, hitting mid-2020 levels.

After major mining restrictions in China, the majority of hashrate power migrated back to Europe and the United States following a significant mining volume drop. Back in May, Bitcoin mining power peaked at 180 EH/s, then falling by more than 50 percent.

The main reason for the revenue increase is the difficulty of the network, which directly impacts the amount of invested power regarding the number of received BTCs. After Chinese mining restrictions, the difficulty of mining dropped, which led to the rapid increase of mining profitability for the pools located in the U.S. and EU. Open / Comment