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Bitcoin (BTC) hit problems at $46,000 on Sept. 12 after a “strong bullish divergence” on lower timeframes met with resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Higher lows creep in for BTC/USD Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reject sharply after hitting local highs of $46,280 on Bitstamp. The move continues a ranging weekend, over which the pair failed to recover from Friday’s sell-off. $45,500 is an important level for Bitcoin in the form of its 50-day moving average, a level which on Sunday continued to hold as support. As noted by trader and analyst Rekt Capital, lower timeframes showed increasing strength on the day, with a “strong bullish divergence” characterizing the 4-hour chart. At the time of writing, however, no new l...

Argo Blockchain has secured another loan agreement from Galaxy Digital LP with the mining firm’s Bitcoin (BTC) as collateral. According to an announcement by the London Stock Exchange on Friday, the new Bitcoin-backed loan agreement is to the tune of 18.05 million pounds (about $25 million). As previously reported by Cointelegraph, Argo entered into a prior BTC-backed loan agreement with Galaxy Digital for $20 million back in June. The United Kingdom-based Bitcoin miner will reportedly roll up both loans into one for a combined sum of $45 million. As part of the agreement, Argo will utilize the fresh capital influx to support its expansion efforts in Texas. In March, the company purchased a 320-acre land plot in Texas that will reportedly host a 200-megawatt Bitcoin mining facility. By sec...

Bitcoin (BTC) available on exchanges is about to hit its lowest levels ever, the latest data shows. As noted by Ki Young Ju, CEO of on-chain analytics platform CryptoQuant, exchange reserves have returned to all-time lows last seen in early May. Time for another Bitcoin “sell-side liquidity crisis?” As of Thursday, the latest date for which figures are available, there was 2.399 million BTC available across major exchanges. May’s low measured 2.390 million. Bitcoin traders have thus reversed a deposit trend that ensued during the mid-May price upheaval, which points to a clear return to an investment-focused — not speculation-focused — mentality. “Hope to see another sell-side liquidity crisis on Bitcoin,” Ki added in comments. Bitcoin exchange reserves vs. BTC/USD chart. Source: CryptoQua...

The pandemic has put hundreds of thousands of businesses out of action, saw others fold and decimated great swathes of the economy.  But, crypto thrived in this distributed environment. As the world clamped down and everyone was forced to decentralize, the crypto world shone. Perhaps crypto, born of a crisis, is most at home in one. Working from home is where we all have spent most of this crisis. Gaurang Tovekar is the CEO and co-founder at Indorse, a blockchain-powered enterprise SaaS platform. He says the company was perfectly placed to ride out the upheaval as the entire team has never been in the same physical location since the company’s inception. “Although the pandemic accelerated remote work and the adoption of decentralization in the workforce globally on an unprecedented sc...

A few months ago, the crypto industry was shaken up by the news of the mass exodus of miners from China. At the end of May 2021, it became known that the Chinese authorities were going to ban Bitcoin (BTC) mining, bringing the already existing regulatory pressure on miners to a breaking point. The list of banned operations includes purchasing cryptocurrencies, as well as any related investment activities, crypto trading and exchange. The People’s Bank of China had held substantive consultations with banks and payment systems and then the largest Chinese financial institutions were told to stop speculative trading — in particular, with BTC. As a result, Bitcoin’s hash rate showed one of the largest drops in its history. China’s share of BTC mining dropped 55% since the beginning of the year...

Bitcoin (BTC) needs to retain two key moving averages in order to stay bullish, but is failing, fresh analysis shows. In its latest market update on Sept. 10, trading platform Decentrader warned that bulls do not have the upper hand much above current price levels. A “golden cross” like any other? Bitcoin has drifted lower into the weekend, at the time of writing sitting near $45,500. This is below the significant 200-day moving average (MA) and barely above the 50-day MA. For Decentrader’s Filbfilb, these would need to be reclaimed in order to fuel continuation of the bull run. “For Bitcoin to remain bullish, these two moving averages will need to be maintained, with any price action lower being intraweek – a weekly close below the 50 DMA would not be attractive, particularly ...

Decentralized lending protocol Pledge has secured $3 million in investments for its cross-chain ecosystem focused on long-term financing, highlighting continued innovation in the DeFi sector.  The investment round was led by DHVC, a Palo Alto-based venture capital firm, with additional participation from U.C. Berkeley professor Gary LaBlanc and Stanford University community members Ray Wong and Torsten Wendl. The raise will support Pledge’s mission to become a premier crypto-asset lending platform that eventually paves the way for tokenized real-world financial assets. Pledge was created by a group of blockchain-focused researchers at Stanford University, including professor David Tse, Nicole Chang, Ray Wong and Torsten Wendl. Aforementioned professor Gary LaBlanc also contribut...

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Ukraine passes legislation to recognize and regulate crypto The Ukrainian parliament adopted the draft law “On Virtual Assets” Wednesday, which legally recognizes crypto in the country for the first time. Anastasia Bratko of the Ministry of Digital Transformation said the law allows companies to launch digital asset markets in Ukraine and enables banks to “open accounts for crypto companies.” Earlier this week, Panama also introduced a bill that aims to recognize Bitcoin (BTC) as an alternative payment option ...

In the last 24-hours, Terra (LUNA), a blockchain protocol focused on building a global payments system powered by the UST stablecoin, rallied to a new all-time high at $45.  LUNA/USDT 1-day chart. Source: TradingView Data from Cointelegraph Markets Pro and TradingView shows that since bottoming at a low of $5.61 on July 20, the price of LUNA has ripped 720% higher to a record high at $45 on Sept. 10. The swift rally also lifted the total value locked (TVL) on the Terra protocol to a new all-time high at $7.83 billion on Sept. 5, making Terra the fourth-ranked blockchain platform by TVL according to Defi Llama. Total value locked on Terra. Source: Defi Llama Related: Altcoin Roundup: Layer-one protocols chip away at Ethereum’s dominance. A new funding initiative boosts LUNA price A scr...