Best Crypto Traders Official

2021-05-26 10:43:04 Chinese Firm Bit Mining Invests $9M to Build 100 Megawatt Bitcoin Farm in Kazakhstan

Shenzhen-based Bit Mining is planning to construct and operate a 100 MW crypto-mining data center in Kazakhstan.

The project will be implemented in partnership with two local companies that will also provide the enterprise with an array of services. The total amount of the investment will exceed $9 million.

More details here Open / Comment

2021-05-25 10:10:47 ​​ Make mining environmentally friendly

On Monday Elon Musk, CEO of Tesla and SpaceX, and Michael Saylor, the founder and CEO of MicroStrategy hosted the meeting with the North American BTC miners. The miners agreed to form the Bitcoin Mining Council following the closed-door meeting.

The Council includes industry leaders like Marathon Digital, HIVE Blockchain, Hut 8 Mining, Galaxy Digital, Argos Blockchain, Blockcap, and Riot Blockchain.

These North America-based mining companies have all agreed to “promote energy usage transparency and accelerate sustainability initiatives worldwide”. Open / Comment

2021-05-24 10:48:47 ​​ MARKET WATCH — 24.05.2021

Bitcoin and Ethereum Recover Losses, Upsides Limited

BTC: $36,770.17 (+1.55%)
ETH: $2,276.28 (+4.88%)
BNB: $292.71 (+4.09%)
LTC: $159.75 (+0.04%)
DOGE: $0.329 (-1.62%)
XRP: $0.853 (-3.68%)

Bitcoin (BTC) extended its decline below the USD 35,000 and USD 33,200 support levels. It is now correcting higher and trading well above USD 36,800.
Ethereum (ETH) recovered over USD 1,000 and climbed above the USD 2,800 resistance zone. The first major support is now near the USD 2,650 level.
Binance Coin (BNB) declined heavily below the USD 300 level. the bears might remain active near USD 285 and USD 300.
Litecoin (LTC) tumbled below the USD 200 support zone. LTC even broke the USD 150 level and it tested the USD 120 level. The price is now recovering higher and trading above USD 150.
Dogecoin (DOGE) extended its decline below the USD 0.320 and USD 0.300 levels. The main breakout zone is now forming near USD 0.350.
Ripple (XRP) declined heavily below the USD 1.00 and USD 0.880 support levels. The main support is near the USD 0.650 level.

A few altcoins gained over 5%, including HNT, STX, MKR, MATIC, ONE, XLM, and LEO. MATIC rallied by more than 20%. Conversely, NEXO, LUNA, CHSB, SNX, KLAT, and BTG are down over 20%. Open / Comment

2021-05-19 09:47:18 ​​BTC: $39,646.81 (-12.64%)

Bitcoin’s Obstacles Mount Amid China Cryptocurrency Warning

Bitcoin and other major cryptocurrencies slumped after the People’s Bank of China conveyed a statement reiterating that digital tokens can’t be used as a form of payment.

The largest token fell below $40,000 for the first time since early February, dropping as much as 10% to $38,973 on Wednesday and continuing a weeklong slide sparked by Elon Musk’s back-and-forth comments on Tesla Inc.’s holdings of the coin.

Detailed information is here Open / Comment

2021-05-13 09:46:02 BTC: $51,027.99 (-10.76%)

Elon Musk Announces Tesla Has Suspended Accepting Bitcoin Citing Environmental Issues

Tesla has suspended accepting bitcoin for vehicle purchases, CEO Elon Musk has announced. The company cited concerns:

“Tesla has suspended vehicle purchases using bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel”

The notice continues:

“Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the Environment. Tesla will not be selling any bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy. We are also looking at other cryptocurrencies that use less than 1% of Bitcoin’s energy/transaction.”

Meanwhile, Musk put a poll on Twitter Monday asking his followers if Tesla should accept dogecoin. 78.2% said yes. Open / Comment

2021-05-07 10:21:18 How to Trade Cryptocurrency: Ultimate Guide for Beginners

Digital money is gradually spreading around the world, thereby attracting new users. However, this concept can be complicated and daunting for many people, especially for beginners, and can cause a lot of questions. And the lack of answers can cause monetary losses or even the fear of starting it at all.

How and where to start trading cryptocurrencies, how much money you need for crypto trading, how to avoid big losses, and develop trading skills — these are the most popular questions among crypto beginners.

Welcome to the guide on cryptocurrency trading for beginners. Open / Comment

2021-05-04 17:25:08 ​​ETH: $3,459.87 (+10.03%)
DOGE: $0.5796 (+44.85%)

Ethereum price hits $3.5K record as Winklevoss exchange adds Dogecoin

Ether (ETH) hit $3,500 on May 4 as the star of this week's altcoin rally battled Dogecoin (DOGE) for returns supremacy.

Ethereum doesn't stop at $3,500
Winklevoss calls Dogecoin "the people's money"

More information is here Open / Comment

2021-05-03 10:51:40 ​​ETH: $3,140.16 (+8.54%)

Ether Breaks Above $3K for the First Time Ever

Ethereum-ETH enters the USD 3,000 Era.

“Ethereum is rising and not much seems to be in its way,” — Edward Moya, a senior market analyst at Oanda Corp.

"Ethereum’s market cap has risen to ~30% of Bitcoins over recent weeks. During the last market cycle, Ethereum broke this level and head as high as 80% of Bitcoins value–we’re not predicting exactly this but its a useful frame of reference," — Fundstrat Advisors.

"We think the same learning curve is playing out with institutional investors right now where the crypto narrative is shifting from Bitcoin to Ethereum and other segments like DeFi and Web 3 apps," — Fundstrat. Open / Comment

2021-04-27 11:05:42 ​​ 3 things every crypto trader should know about derivatives exchanges

In the past two years futures contracts have become widely popular among cryptocurrency traders and this became more evident as the total open interest on derivatives more than doubled in three months.

Additional proof of their popularity came as futures turnover surpassed gold, which is a well-established market with $107 billion in daily volume.

However, each exchange has its own orderbook, index calculation, leverage limits and rules for cross and isolated margin. These differences might seem superficial at first, but they can make a huge difference depending a traders' needs.

What should you know about derivatives exchanges?

Open interest
Stablecoin versus token-margined contracts
Variable funding rates

Why these points? The detailed information is here Open / Comment

2021-04-26 11:30:37 ​​ Top 5 cryptocurrencies to watch this week

Corrections in a bull phase are usually a bullish sign as they reduce the frothy excitement and allow stronger hands to enter the markets. However, the recent correction in Bitcoin (BTC) from its all-time high at $64,849.27 does not seem to have scared novice traders.

Data from DappRadar shows that decentralized exchange volumes have picked up in the last week as traders may have exited profitable Bitcoin positions to buy altcoins at their current rock bottom prices.

Here is a look at the top-5 cryptocurrencies that are likely to outperform the other major cryptocurrencies in the short term.

Bitcoin - BTC
Ethereum - ETH
Binance Coin - BNB
Monero - XMR
PancakeSwap - CAKE

Why these coins? The answer is here Open / Comment