3 reasons why Constellation (DAG) price outperformed most altcoins this week

The concerns voiced about the consensus mechanisms of Bitcoin (BTC) and Ethereum (ETH) have played a part in the sideways price action both assets have seen over the past two months, opening the door for other competing projects to gain attention.  One project that managed to overcome the sideways action in the market and rally to a new record high on July 10 is Constellation (DAG), a protocol that utilizes a directed acyclic graph architecture to achieve a consensus that is theoretically capable of infinite scaling. Data from Cointelegraph Markets…

Options traders aim for $100K Bitcoin by the end of 2021, is there a chance?

Bitcoin (BTC) investors are known for being bullish, and even during 50% corrections like the current one, most analysts remain optimistic. One reason for investors’ endless optimism and belief in infinite upside could be BTC’s decreasing issuance and the 21 million coins fixed supply limit. However, not even the most accurate models, including the stock-to-flow (S2F) from analyst Plan B, can predict bear markets, crashes, or FOMO-induced (fear of missing out) pumps. Traders usually misinterpret these concepts as value and price expectations can be easily mistaken. Bitcoin does not exist…

Binance news, Circle plans to go public, and bullish crypto comments: Hodler’s Digest, July 4–10

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   US financial regulator FinCEN hires its first-ever chief digital currency adviser The United States Financial Crimes Enforcement Network, or FinCEN, filled a new role — that of chief digital currency adviser, unveiled on July 6, recruiting Michele Korver for the job. Korver has an…

Key altcoin price metric flashed bullish ahead of Axie Infinity’s parabolic rally

Axie Infinity (AXS) has had a rough week: On July 1, it was trading at just above $5. One week later and following two consecutive two-day rallies, the price was charging past $19. AXS price has since dropped between $18 and $19, yet the coin’s weekly stats are still outstanding: 118% against United States dollar and 119% against Bitcoin (BTC) in a week. As AXS sits on top of the seven-day price change chart, many traders are wishing that they could have known earlier in the week that the asset was…

Bitcoin Historical Volatility Fractal Points To Brewing Bullish Explosion

Bitcoin price has been trapped in a tightening trading range and has barely moved in weeks. The top cryptocurrency by market cap has been boring compared to its characteristically volatile self.  Looking back at the asset’s historic volatility, a fractal pattern could be forming that suggests the price per BTC is about to blast off to unprecedented heights.  Fractals And How History Doesn’t Rhyme But It Often Repeats Mark Twain said that “history doesn’t repeat, but if often rhymes.” The statement best explains the theory behind repeating price patterns called…

Paraguayan lawmakers to present Bitcoin bill on July 14

Paraguayan Congressman Carlitos Rejala and Senator Fernando Silva Facetti are planning to introduce a Bitcoin (BTC) bill to Congress on Wednesday, July 14, underscoring the lawmakers’ urgency in formulating a coherent digital asset strategy for their country.  “I am here to unite Paraguay,” Rejala tweeted Friday, adding that he and his fellow lawmaker are planning a “mega surprise for Paraguay and the world.” I am here to unite Paraguay , that is why we decided with Senator @FSilvaFacetti to present together the bill #bitcoin on Wednesday, July 14!Stay tuned since…

Privacy-preserving computation on blockchains could prevent breaches

In the 19th century, the barons of American industries rose to prominence by leveraging their hold on tangible resources like oil and steel. Today, corporate titans seek to attain even greater heights of wealth by gathering consumer data. But now, like then, the benefits of accumulating such resources come paired with a significant business risk: spillage. Like oil spills, data leaks — regardless of whether they occur accidentally or as a result of hacker interference — can cause companies and consumers significant financial, legal and political harm. Consider the fallout…

Great buy? Bitcoin trades at record 59% below stock-to-flow BTC price model target

Bitcoin (BTC) has never been as far below its target price as it is now, the stock-to-flow model shows this week. In a tweet on July 10, Lex Moskovski, chief investment officer at Moskovski Capital, showed stock-to-flow flagging a historic moment in Bitcoin’s twelve-year lifetime. “Great buying opportunity” With BTC/USD showing few signs of a genuine bullish recovery, the pair has been drifting ever further from the price that the stock-to-flow price model calculates it should have. Stock-to-flow is arguably the most popular of the Bitcoin forecasters, and has historically…

GBTC unlock edges closer as impact on Bitcoin price remains unclear

As Bitcoin (BTC) struggles around the $32,700 mark after the July 8 price drop, another major event looms over the flagship cryptocurrency in July, the Grayscale Bitcoin Trust (GBTC) unlock. A total of nearly 40,000 BTC will be unlocked in July, amounting to nearly $1.5 billion in notional value. The biggest of these unlocks will be on July 18 when 16,240 BTC will be available due to the release of the six-month lock-in period for GBTC shares.  The tranche of shares consists of positions locked in Q1 2021 with a…

Crypto options are turning mainstream

Despite ongoing vaccination efforts and pandemic aid, the world’s economy looks remarkably different than it did over a year ago. The new financial landscape and continued uncertainty have accelerated the shift away from traditional financial institutions. As the economy attempts to roar into high gear from a standing start, the world of cryptocurrency has taken to the main stage. It has cemented itself as a recognized asset class by major asset managers, investment banks and hedge funds. As the speed of mainstream adoption continues to take the financial world by…