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Bitcoin Jobs Continue to Grow Exponentially Despite Price Fluctuations: Indeed Study

ByBit
  • Alex Dovbnya
    📰 News

    Whether it's crypto winter or crypto summer, the number of cryptocurrency and Blockchain-related jobs continues to grow

Bitcoin Jobs Continue to Grow Exponentially Despite Price Fluctuations: Indeed Study
Cover image via www.123rf.com
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According to a new study published by leading job-hunting website Indeed.com, the number of jobs that are related to cryptocurrencies and Blockchain has exploded by a staggering 1,457 percent over the last four years.

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Crypto jobs remain in vogue

It is worth noting that despite tanking prices and waining interest for crypto, job postings were steadily piling up on the website in 2018 when everyone and their uncle was parroting about the demise of Bitcoin. 

Bitcoin jobs
image by beseen.com

In 2019, the share of crypto-related job offers also increased by 26 percent despite searches dropping by 53 percent. Indeed predicts that this trend will continue in 2020 as well despite price volatility and regulatory uncertainty as the crypto industry continues to grow.  

"So with employers investing heavily in bitcoin jobs and cryptocurrencies becoming more accepted and accessible, blockchain tech seems like it’s here to stay." 

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Tech-savvy workers only

Indeed also revealed that cryptocurrency jobs are completely dominated by tech roles -- software engineers who know a thing or two about cryptography on top of several programming languages are in great demand. If you want to end up among top contenders, it's also worth learning crypto-specific languages, such as Ethereum's Solidity and Bitcoin Script. 

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Deloitte and IBM in the lead

When it comes to top companies by the number of job offerings, accounting giant Deloitte is in first place (followed by IBM and Accenture). Coinbase and Ripple, which occupy fifth and ninth places respectively, are the only crypto companies in the top 10. Meanwhile, ConsenSys dropped from tenth place to 13th place.  

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin Massacre: $180 Mln Worth of BTC Longs Liquidated on BitMEX

ByBit
  • Alex Dovbnya
    📰 News

    A massive amount of long positions gets liquidated on the BitMEX exchange after the Bitcoin price tanked all the way down to $7,350

Bitcoin Massacre: $180 Mln Worth of BTC Longs Liquidated on BitMEX
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

$179.3 mln worth of longs has been liquidated on BitMEX, the leading derivatives exchange, after the Bitcoin price shockingly dropped to $7,350 (compared to spot exchanges where BTC didn't go below $7,500). Considering that the average leverage is 25x, Bitcoin bulls collectively netted a loss of around $6.4 mln.         

One of the top traders on BitMEX, who felt "long and strong" at the $8,000 level, most probably regrets his recent tweet.     

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This string of bloody-red candles opens a possibility for a further drop to below $7,000, which has been the pipe dream of Bitcoin bears ever since the BTC price blasted past this level back in May.   

At the time of writing, the top coin by market capitalization is sitting at $7,581 with no sings of buying pressure, CoinStats data shows.  

Trader "The Wolf of Wall Street" says that the retail interest in Bitcoin has been slowing down in November (based on the number of addresses with balances less than 0.1 BTC). Hence, it is unlikely that the average Joe will start FOMOing in anytime soon.      

Dutch analyst "Plan B" didn't cave in to bearish sentiment. He says that the positive difficulty adjustment prevented the much-feared miner capitulation, and the BTC price could increase from that point. 

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As reported by U.Today, the Bitcoin price could still nose-dive by 40 percent based on the BitMEX funding rate

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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