Independent ReserveKnowledge base
Bitcoin transactions can take 10 minutes, hours, days or maybe weeks. Due to the mining process, there can be delays, as miners must confirm the Bitcoin transfers which causes delay on the network from moment to moment (more on this later). But before all that, you may be wondering: how do you transfer Bitcoin?
Independent ReserveMarket update
'Moonvember' isn't quite as catchy as 'Uptober' but Bitcoin and Ethereum have still been making new all time highs. On November 10, Bitcoin hit AU$93,450 (US$68,514) before plunging 10%. It’s currently 3.9% down for the week and is trading around AU$87,100 (US$64K). ETH's new ATH that same day was AU$6,612 (US$4,834) and it is currently 4.3% down for the week at AU$6,238 / US$4,563. Cardano lost 4.8% during the past week, XRP lost 8% and Dogecoin (-7.2%). The Crypto Fear and Greed Index is at 72, or ‘Greed’. Onchain analyst Willy Woo thinks high expectations are holding back a bigger price run. "Whenever everyone's bullish, it's very difficult for the price to run upwards because you get a whole lot of speculative long positions in the markets and that makes it very, very profitable to take the other side and short it," he said. "The majority is very seldom right."
Independent ReserveMarket update
After a big surge yesterday, and another one this morning, Bitcoin is officially in all-time high territory again against USD, AUD, SGD, and NZD. The price is up 7% in 24 hours, and 9.5% on the week. Analyst Rekt Capital has just posted a chart suggesting a blistering end to the year: “One final resistance left before #BTC enters its parabolic phase of the cycle.” Ethereum cruised on through to hit a new all-time high of AU$6,503 (US$4,822) a few hours ago and is currently trading up 8% on the same time last week at AU$6,480 (US$4,800). Cardano was up 6%, XRP gained 14%, Polkadot (4%). The Crypto Fear and Greed Index is at 75 or Greed.
Independent ReserveMarket update
Uptober was a great month for investors, with Bitcoin up 39.9%, for the best result since December last year. Glassnode points out that in USD value, the total price range of the candle of $23,205 (AU$30,850) was larger than Bitcoin's entire price range in the decade or so from genesis to December 2020. (Incidentally, October 31 marked 13 years since the release of the Bitcoin white paper). This week however the coin fell 6% and finished up around AU$81,250. Ethereum also pushed into price discovery on October 29 with a half trillion USD market cap (AU$676B) and is currently around AU$5,750. XRP was fairly flat, Polkadot gained 9%, Dogecoin was up 2.2% (but was pushed out of the top ten by meme clone Shiba Inu), Uniswap gained 2.2% and Cardano lost 12%. The Crypto Fear and Greed Index is at 74 or Greed.
Independent ReserveMarket update
Congratulations team, we have notched up a new all-time high, with Bitcoin hitting AU$89,160 (US$66,234) on October 21. The market cap of all cryptocurrencies is currently at AU$3.491 trillion (US$2.62T). Ethereum made a push but faltered about $10 short of previous USD all time highs, hitting US$4,330) on October 21. Due to AUD/USD fx rate changes, the AUD price of ETH did hit a new all time high of $5,838. As Crypto Twitter likes to say WAGMI. Bitcoin is currently trading just around AU$84,300 and is down 2% for the week. Ethereum is trading at AU$5,650 and is up 9% for the week. Cardano and XRP were fairly flat this week, Polkadot gained 4%, Dogecoin (3%), and Chainlink (21%). The Crypto Fear and Greed Index is at 72, or Extreme Greed.
Independent ReserveMarket update
‘Uptober’ seems to be going well for Bitcoin in particular, with the price increasing 13% this week to around AU$78,000 (US$57.3K), its highest level in five months. Expectations are now high for a big fourth quarter, and with April’s ATH of AU$84.7K (US$64.9K) back in sight, "all data science models suggest that BTC will peak much higher than US$100,000 (AU$136K) in this cycle,” analyst Rekt Capital said. While alt season may be a little way off just yet according to trader Pentoshi, it is coming. Ethereum was up 4% to around AU$4,800 (US$3.5K), XRP (9.35%), Polkadot (9.1%). But Cardano fell 1.1%, Dogecoin (-3.8%), Chainlink (-5.6%). The Crypto Fear and Greed Index is at 71, or Greed.
Independent ReserveKnowledge base
Cryptocurrencies and digital assets are legal to own, trade and invest in Australia. That being said, the Reserve Bank of Australia and the Australian Tax Office do not classify it as legal tender.
Independent ReserveKnowledge base
Bitcoin is a digital peer-to-peer currency that is typically used as a medium of exchange or store of value. It’s not a currency that is issued or regulated by any central authority. Users can conduct transactions semi-anonymous with full transparency at a fraction of the fees. All of this is possible via blockchain technology.
Independent ReserveKnowledge base
If you're paying attention, Bitcoin is everywhere. It's in the news, it's on television, it's being talked about on the train, in cafes, and at the pub. But what is Bitcoin and why should you be paying attention?
Independent ReserveKnowledge base
A Market Sell is an order type that will be executed at the current market price.
In support of everyone who contributes to the Bitcoin ecosystem and the global crypto community, we are now hosting the Bitcoin Whitepaper. You can read and download the Bitcoin whitepaper now and forever, at this URL: https://www.independentreserve.com/bitcoin.pdf
