Bitcoin Funding Rates Hold Negative, Increasing Chances of Short Squeeze

Bitcoin has begun to consolidate above $13,000. Despite this bullish trend, most Bitcoin funding rates on leading futures exchanges currently are negative. The current Bitcoin futures funding rates are bearish on Binance, BitMEX, and OKEx. Bitcoin Funding Rates Still Negative Bitcoin has begun to consolidate above $13,000. $13,000 has long been an important level for Bitcoin, making this consolidation important for the bull case. The cryptocurrency currently trades for $13,500, above the aforementioned support level. In a continued win for bulls, most Bitcoin funding rates on leading futures exchanges currently…

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Bitcoin Key Indicators Suggest Risk of Extended Downside Correction

Bitcoin price is down over $500 from the $13,850 swing high against the US Dollar. BTC is showing bearish signs and it could even decline below the $13,000 support. Bitcoin failed to stay above the $13,500 support and declined below $13,200. The price is currently consolidating near $13,200 and the 100 hourly simple moving average. There is a key contracting triangle forming with support near $13,220 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to resume its decline below $13,200 and $13,100…

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Spotify competitor Audius airdrops $8M of tokens to users and artists

The crypto-powered Spotify competitor Audius has retroactively distributed 50 million of its native AUDIO tokens to artists and listeners using the platform. The distribution came alongside the launch of the AUDIO governance token on the Audius mainnet, with 5% of the token’s initial one billion supply distributed to its “top 10,000 artists & fans.” Audius seeks to reward content creators and listeners using its governance token, affording them voting rights over how the protocol will evolve in future. The project plans to use blockchain technology to increase transparency and reduce…

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In Trading Hours, Bitcoin Is A Mature Asset – Bitcoin Magazine

Bitcoiners have to endure a lot of criticism from those who are still skeptical of the digital asset. A lot of the time, this skepticism comes from misunderstandings about the true nature of what the network is capable of. Headlines like “Bitcoin Was Hacked,” “Bitcoin Is Used By Criminals,” and “Bitcoin Is Bad For The Environment” are examples of the common misunderstandings that Bitcoiners have to disprove to their colleagues, friends and family whenever the topic comes up.  One such argument that may be difficult to counter is the fact…

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Bitcoin Chart Is “Echoing” Previous Exponential Surges

Bitcoin has undergone a strong rally over the past few days, rallying from $11,200 to $13,100. Nautilus Research thinks that Bitcoin’s chart is forming patterns and signals last seen prior to previous exponential bull runs. He isn’t the only one that thinks that Bitcoin will soon see an exponential rally higher. Others that expect Bitcoin to move greatly higher in the years ahead include Paul Tudor Jones, a billionaire hedge fund manager, and Dan Tapiero, co-founder of Gold Bullion International. Bitcoin Could See an Exponential Rally, Research Boutique Indicates Bitcoin…

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Bitcoin Smashes Heavy Resistance at $12K And Its Likely To Continue Higher

Bitcoin price is up over 2% and it broke the $11,800 and $12,000 resistance levels against the US Dollar. BTC is now trading above $12,000, with high chances of more upsides. Bitcoin remained in a positive zone and it cleared the $11,800 and $12,000 resistance levels. The price is currently testing the $12,150 zone and it is well above the 100 hourly simple moving average. There is a major bullish trend line forming with support near $11,980 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…

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Big Bitcoin prediction, OKEx spooks markets, Ripple exec’s big mistake

Coming every Sunday, Hodler’s Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers!   Top Stories This Week   Calm before the storm? Analyst says $20,000 Bitcoin is possible in three months Bitcoin volatility has fallen to a 16-month low, indicating that a sharp move is on the horizon. Large fluctuations tend to follow prolonged periods of consolidation, and according to a Bitazu Capital founding partner, Mohit Sorout, BTC could reach its previous all-time high if it was to break out today. There…

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