
Joseph Young

Joseph Young Recent Articles

High-net-worth Bitcoin investors aren’t all bearish—potential reasons why
High-net-worth investors are not all that bearish on Bitcoin despite the recent drop. Since its yearly peak, BTC plummeted by nearly 17%, but major…

Bitcoin derivatives market hasn’t been this wrecked since the March crash
On November 26, the Bitcoin futures market recorded nearly $800 million in long contract liquidations alone. It marked the worst day for the derivatives…

Counterargument: why China seizing $3.2B in Bitcoin and Ethereum isn’t a big deal
According to a report from CoinDesk, the Chinese government has seized $4.2 billion worth of cryptocurrencies. Among them is 194,775 BTC, worth $3.2 billion.…

Data shows the Bitcoin derivatives market is becoming less crowded
The Bitcoin futures funding rate has declined across major cryptocurrency exchanges in the past 48 hours. This shows that the derivatives market is getting…

Bitcoin has been massively outperforming gold in November—but why?
The price of Bitcoin has been hugely outperforming gold throughout November. While BTC is aiming for an all-time high as it hovers above $19,200,…

Bitcoin surpassing $19k led Ethereum, XRP, and altcoins to plunge—what’s next?
The price of Bitcoin surpassed $19,000 on November 24, reaching $19,299 on Binance. As BTC rallied, major alternative cryptocurrencies, including Ethereum and XRP, fell…

On-chain metrics show where Litecoin might be heading next
Litecoin, the sixth most valuable cryptocurrency in the global market, increased by 30% in the past week. As LTC shows strong momentum, on-chain data…

BlackRock exec says Bitcoin is here to stay as BTC blasts past $18.8k
BlackRock's CIO of fixed income Rick Rieder says Bitcoin is here to stay. On CNBC's Market Alert, Rieder emphasized the receptivity of millennials to…

Linear calculation suggests ETH 2.0 in Jan 2021—will Ethereum price react?
According to CryptoQuant's linear calculation of ETH 2.0 deposits, the mainnet release could occur in January 2021. If so, whether the price of Ethereum…

3 reasons Ethereum dropped much harder than Bitcoin in abrupt correction
Within 30 minutes, on November 18, the price of Ethereum dropped 7.7% as Bitcoin also recorded an abrupt 6% drop. ETH saw a much…

Bitcoin “enters stratosphere” as massive OTC deals spark institutional demand
Bitcoin achieved its highest price since January 2018 across major exchanges, seeing a massive rally as over-the-counter (OTC) deals grow. This trend shows that…

Intercom co-founder jumps onto the “Bitcoin wagon,” encourages others
Eoghan McCabe, the co-founder of the software conglomerate Intercom, said he jumped onto the Bitcoin wagon. In a tweet, McCabe encouraged others to do…