Bitcoin Wallet Blockchain Adds 50K Users...Per Day
The crypto market may be enduring a rough patch, but not everyone is feeling the effects. The CEO of cryptocurrency wallet company, Blockchain, claims the service is adding 50,000 users per day, defying the downturn with sustained growth.
Blockchain CEO and co-founder Peter Smith tweeted the proclamation in response to a recent interview with Coinbase CEO Brian Armstrong at the Bloomberg Players Technology Summit in San Francisco. Armstrong stated that Coinbase was signing up 50,000 new users daily at the peak of last year’s crypto boom and helped customers trade $150 billion worth of cryptocurrency over the past year – he did not mention the company’s current sign-up rate for new customers.
Smith’s tweet seemed to jab at Coinbase, stating, “CORRECTION: It's actually *Blockchain* signing up over 50,000 per day in the midst of this crypto downturn. It's delightful to see new entrants actually interested in *using* crypto.”
Blockchain, which bills itself as “the first and most trusted global cryptocurrency company,” portrays itself as a practical alternative to Coinbase and other wallet providers. Like Coinbase, Blockchain offers users the ability to send, receive, trade, and store cryptocurrency, but is motivated by a “…collective desire to offer financial empowerment [that] is driven by our values in a way that aids in crypto’s long-term adoption.”
Coinbase has developed a reputation for attracting users more interested in the speculative side of cryptocurrency, acting primarily as a trading and investment platform – the same speculative side that some enthusiasts blame for the current downturn.
Blockchain’s approach seems to be working – while the data in Smith’s tweet may not be readily verifiable, they secured a $40 million, Google-led Series B round in 2017, and the company announced they hit the 25 million wallet milestone on May 31st of this year.
The company has since expanded their offerings to the investment market with the July launch of their Blockchain Principal Strategies (BPS) product, geared towards institutional investors. Billed as a “comprehensive, institutional offering for digital asset investors…[with] unparalleled access to markets, research, and services on the most trusted digital asset platform worldwide,” the product offers access to an “over-the-counter trading desk” while also operating as “a best-in-class matchmaker and direct counterparty to clients, executing trades and managing associated risk.”
BPS, which also offers customized portfolio views and “exclusive insights into market fundamentals, risk metrics, and access to a research team that includes the leading cryptocurrency economist, Garrick Hileman,” is the latest attempt by crypto-centric companies to reach traditional investors’ rising interest in cryptocurrency. Armstrong doesn’t see the growth stopping any time soon, despite the “series of bubbles and corrections” that lead to “a new plateau” each time. “People’s expectations are all over the map, but real-world adoption has been going up,” said Armstrong.
Blockchain and Coinbase may be competitors, but the shared interest in their products is a boon to cryptocurrency’s continued push towards the mainstream.
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BTC.X sees its 50-day moving average cross bullishly above its 200-day moving average
The 50-day moving average for BTC.X moved above the 200-day moving average on September 08, 2026. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 03, 2026. You may want to consider a long position or call options on BTC.X as a result. In 42 of 145 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 29%.
Following a +2.35% 3-day Advance, the price is estimated to grow further. Considering data from situations where BTC.X advanced for three days, in 124 of 424 cases, the price rose further within the following month. The odds of a continued upward trend are 29%.
The Aroon Indicator entered an Uptrend today. In 113 of 380 cases where BTC.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 30%.
Bearish Trend Analysis
The 10-day RSI Indicator for BTC.X moved out of overbought territory on October 05, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 44 similar instances where the indicator moved out of overbought territory. In 11 of the 44 cases, the stock moved lower in the following days. This puts the odds of a move lower at 25%.
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 24 of 92 cases where BTC.X's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 26%.
The Moving Average Convergence Divergence Histogram (MACD) for BTC.X turned negative on September 29, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 66 similar instances when the indicator turned negative. In 16 of the 66 cases the stock turned lower in the days that followed. This puts the odds of success at 24%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BTC.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 30%.
BTC.X broke above its upper Bollinger Band on September 21, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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