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Google TensorFlow Cert Suggests AI, ML Certifications on the Rise – Dice Insights

Over the past few years, many companies have embraced artificial intelligence (A.I.) and machine learning as the way of the future. Thats been good news for those technologists whove mastered the tools and concepts related to A.I. and machine learning; those with the right combination of experience and skills can easily earn six-figure salaries (with accompanying perks and benefits).

As A.I. and machine learning mature as sub-industries, its inevitable that more certifications proving technologists skills will emerge. For example, Google recently launched aTensorFlow Developer Certificate, whichjust like it says on the tinconfirms that a developer has mastered the basics of TensorFlow, the open-source library for deep learning software developed by Google.

This certificate in TensorFlow development is intended as a foundational certificate for students, developers, and data scientists who want to demonstrate practical machine learning skills through building and training of basic models using TensorFlow,read a note on the TensorFlow Blog. This level one certificate exam tests a developers foundational knowledge of integrating machine learning into tools and applications.

Those who pass the exam will receive aa certificate and a badge. In addition, those certified developers will also be invited to join ourcredential networkfor recruiters seeking entry-level TensorFlow developers, the blog posting added. This is only the beginning; as this program scales, we are eager to add certificate programs for more advanced and specialized TensorFlow practitioners.

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Google and TensorFlow arent the only entities in the A.I. certification arena.IBM offers an A.I. Engineering Professional Certificate, which focuses on machine learning and deep learning. Microsoft also has a number of A.I.-related certificates,including an Azure A.I. Engineer Associatecertificate. And last year, Amazon launchedAWS Certified Machine Learning.

Meanwhile, if youre interested in learning how to use TensorFlow, Udacity and Google areoffering a two-month course (just updated in February 2020) designed to help developers utilize TensorFlow to build A.I. applications that scale. Thecourse is part of Udacitys School of A.I., a cluster of free courses to help those relatively new to A.I. andmachine learninglearn the fundamentals.

As the COVID-19 pandemic forces many companies to radically adjust their products, workflows, and internal tech stacks,interest in A.I. and machine learning may accelerate; managers are certainly interested in tools and platforms that will allow them to automate work. Even before the virus emerged, Burning Glass, which collects and analyzes millions of job postings from across the country, estimated that jobs involving A.I. would grow 40 percent over the next decadea number that might only increase under the current circumstances.

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AI cant predict how a childs life will turn out even with a ton of data – MIT Technology Review

Policymakers often draw on the work of social scientists to predict how specific policies might affect social outcomes such as the employment or crime rates. The idea is that if they can understand how different factors might change the trajectory of someones life, they can propose interventions to promote the best outcomes.

In recent years, though, they have increasingly relied upon machine learning, which promises to produce far more precise predictions by crunching far greater amounts of data. Such models are now used to predict the likelihood that a defendant might be arrested for a second crime, or that a kid is at risk for abuse and neglect at home. The assumption is that an algorithm fed with enough data about a given situation will make more accurate predictions than a human or a more basic statistical analysis.

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Now a new study published in the Proceedings of the National Academy of Sciences casts doubt on how effective this approach really is. Three sociologists at Princeton University asked hundreds of researchers to predict six life outcomes for children, parents, and households using nearly 13,000 data points on over 4,000 families. None of the researchers got even close to a reasonable level of accuracy, regardless of whether they used simple statistics or cutting-edge machine learning.

The study really highlights this idea that at the end of the day, machine-learning tools are not magic, says Alice Xiang, the head of fairness and accountability research at the nonprofit Partnership on AI.

The researchers used data from a 15-year-long sociology study called the Fragile Families and Child Wellbeing Study, led by Sara McLanahan, a professor of sociology and public affairs at Princeton and one of the lead authors of the new paper. The original study sought to understand how the lives of children born to unmarried parents might turn out over time. Families were randomly selected from children born in hospitals in large US cities during the year 2000. They were followed up for data collection when the children were 1, 3, 5, 9, and 15 years old.

McLanahan and her colleagues Matthew Salganik and Ian Lundberg then designed a challenge to crowdsource predictions on six outcomes in the final phase that they deemed sociologically important. These included the childrens grade point average at school; their level of grit, or self-reported perseverance in school; and the overall level of poverty in their household. Challenge participants from various universities were given only part of the data to train their algorithms, while the organizers held some back for final evaluations. Over the course of five months, hundreds of researchers, including computer scientists, statisticians, and computational sociologists, then submitted their best techniques for prediction.

The fact that no submission was able to achieve high accuracy on any of the outcomes confirmed that the results werent a fluke. You can't explain it away based on the failure of any particular researcher or of any particular machine-learning or AI techniques, says Salganik, a professor of sociology. The most complicated machine-learning techniques also werent much more accurate than far simpler methods.

For experts who study the use of AI in society, the results are not all that surprising. Even the most accurate risk assessment algorithms in the criminal justice system, for example, max out at 60% or 70%, says Xiang. Maybe in the abstract that sounds somewhat good, she adds, but reoffending rates can be lower than 40% anyway. That means predicting no reoffenses will already get you an accuracy rate of more than 60%.

Likewise, research has repeatedly shown that within contexts where an algorithm is assessing risk or choosing where to direct resources, simple, explainable algorithms often have close to the same prediction power as black-box techniques like deep learning. The added benefit of the black-box techniques, then, is not worth the big costs in interpretability.

The results do not necessarily mean that predictive algorithms, whether based on machine learning or not, will never be useful tools in the policy world. Some researchers point out, for example, that data collected for the purposes of sociology research is different from the data typically analyzed in policymaking.

Rashida Richardson, policy director at the AI Now institute, which studies the social impact of AI, also notes concerns in the way the prediction problem was framed. Whether a child has grit, for example, is an inherently subjective judgment that research has shown to be a racist construct for measuring success and performance, she says. The detail immediately tipped her off to thinking, Oh theres no way this is going to work.

Salganik also acknowledges the limitations of the study. But he emphasizes that it shows why policymakers should be more careful about evaluating the accuracy of algorithmic tools in a transparent way. Having a large amount of data and having complicated machine learning does not guarantee accurate prediction, he adds. Policymakers who don't have as much experience working with machine learning may have unrealistic expectations about that.

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Machine Learning in Life Sciences Market Report History and Forecast 2020 Breakdown Data by Manufacturers, by Key Regions, Types and Applications -…

The research report presents a comprehensive outlook on the Global Machine Learning in Life Sciences Market contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications. The Machine Learning in Life Sciences Market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving revenue growth and profitability. It furthermore has an assessment of the factors influencing the demand and supply of the associated products and services, and challenges witnessed by market players. Moreover, the report is made with different graphical representation with the precise arrangement of key outlines, strategic diagrams, and descriptive figures based on the reliable data to depict an exact picture of value assessment and income graphs.

The Machine Learning in Life Sciences market report begins with a market overview combining the data integration and analysis capabilities with the relevant findings; the report has predicted strong future growth of the market. The research analyst combining secondary research which involves reference to various statistical databases, relevant patent and regulatory databases and a number of internal and external proprietary databases. Machine Learning in Life Sciences report has focused on each region market size in terms of US$ Mn for each segment and sub-segment for the period from 2019 to 2026, considering the macro and micro environmental factors. With the help of inputs and insights from technical and marketing experts, the report presents an objective assessment of the Machine Learning in Life Sciences market.

The final report will add the analysis of the Impact of Covid-19 in this report Machine Learning in Life Sciences industry.

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6) Historical, present, and prospective size of the market from the perspective of both value and volume(product type, application, and regions).

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Towards the end, In conclusion, it is a deep research report on Global Machine Learning in Life Sciences industry. Here, we express our thanks for the support and assistance from Machine Learning in Life Sciences industry chain related technical experts and marketing engineers during Research Teams survey and interviews. Finally, Machine Learning in Life Sciences market report gives you details about the market research findings and conclusion which helps you to develop profitable market strategies to gain competitive advantage.

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The Global Machine Learning Market is expected to grow by USD 11.16 bn during 2020-2024, progressing at a CAGR of 39% during the forecast period -…

NEW YORK, March 30, 2020 /PRNewswire/ --

Global Machine Learning Market 2020-2024The analyst has been monitoring the global machine learning market and it is poised to grow by USD 11.16 bn during 2020-2024, progressing at a CAGR of 39% during the forecast period. Our reports on global machine learning market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

Read the full report: https://www.reportlinker.com/p05082022/?utm_source=PRN

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increasing adoption of cloud-based offerings. In addition, increasing use of machine learning in customer experience management is anticipated to boost the growth of the global machine learning market as well.

Market SegmentationThe global machine learning market is segmented as below:End-User: BFSI Retail Telecommunications Healthcare Others

Geographic Segmentation: APAC Europe MEA North America South America

Key Trends for global machine learning market growthThis study identifies increasing use of machine learning in customer experience management as the prime reasons driving the global machine learning market growth during the next few years.

Prominent vendors in global machine learning marketWe provide a detailed analysis of around 25 vendors operating in the global machine learning market 2020-2024, including some of the vendors such as Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corp., Microsoft Corp., Salesforce.com Inc., SAP SE and SAS Institute Inc. .The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Read the full report: https://www.reportlinker.com/p05082022/?utm_source=PRN

About ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

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Well-Completion System Supported by Machine Learning Maximizes Asset Value – Journal of Petroleum Technology

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In this paper, the authors introduce a new technology installed permanently on the well completion and addressed to real-time reservoir fluid mapping through time-lapse electromagnetic tomography during production or injection. The variations of the electromagnetic fields caused by changes of the fluid distribution are measured in a wide range of distances from the well. The data are processed and interpreted through an integrated software platform that combines 3D and 4D geophysical data inversion with a machine-learning (ML) platform. The complete paper clarifies the details of the ML work flow applied to electrical resistivity tomography (ERT) models using an example based on synthetic data.

An important question in well completions is how one may acquire data with sufficient accuracy for detecting the movements of the fluids in a wide range of distances in the space around the production well. One method that is applied in various Earth disciplines is time-lapse electrical resistivity. The operational effectiveness of ERT allows frequent acquisition of independent surveys and inversion of the data in a relatively short time. The final goal is to create dynamic models of the reservoir supporting important decisions in near-real-time regarding production and management operations. ML algorithms can support this decision-making process.

In a time-lapse ERT survey [often referred to as a direct-current (DC) time-lapse survey], electrodes are installed at fixed locations during monitoring. First, a base resistivity data set is collected. The inversion of this initial data set produces a base resistivity model to be used as a reference model. Then, one or more monitor surveys are repeated during monitoring. The same acquisition parameters applied in the base survey must be used for each monitor survey. The objective is to detect any small change in resistivity, from one survey to another, inside the investigated medium.

As a first approach, the eventual variations in resistivity can be retrieved through direct comparison between the different inverted resistivity models. A different approach is called difference inversion. Instead of inverting the base and monitor data sets separately, in difference inversion, the difference between the monitor and base data sets is inverted. In this way, all the coherent inversion artifacts may be canceled in the difference images resulting from this type of inversion.

Repeating the measurements many times (through multiple monitor surveys) in the same area and inverting the differences between consecutive data sets results in deep insight about relevant variations of physical properties linked with variations of the electric resistivity.

The Eni reservoir electromagnetic monitoring and fluid mapping system consists of an array of electrodes and coils (Fig. 1) installed along the production casing/liner. The electrodes are coupled electrically with the geological formations. A typical acquisition layout can include several hundred electrodes densely spaced (for instance, every 510m) and deployed on many wells for long distances along the liner. This type of acquisition configuration allows characterization, after data inversion, of the resistivity space between the wells with relatively high resolution and in a wide range of distances. The electrodes work alternately as sources of electric currents (Electrodes A and B in Fig. 1) and as receivers of electric potentials (Electrodes M and N). The value of the measured electric potentials depends on the resistivity distribution of the medium investigated by the electric currents. Consequently, the inversion of the measured potentials allows retrieval of a multidimensional resistivity model in the space around the electrode array. This model is complementary to the other resistivity model retrieved through ERT tomography. Finally, the resistivity models are transformed into fluid-saturation models to obtain a real-time map of fluid distribution in the reservoir.

The described system includes coils that generate and measure a controlled electromagnetic field in a wide range of frequencies.

The geoelectric method has proved to be an effective approach for mapping fluid variations, using both surface and borehole measurements, because of its high sensitivity to the electrical resistivity changes associated with the different types of fluids (fresh water, brine, hydrocarbons). In the specific test described in the complete paper, the authors simulated a time-lapse DC tomography experiment addressed to hydrocarbon reservoir monitoring during production.

A significant change in conductivity was simulated in the reservoir zone and below it because of the water table approaching four horizontal wells. A DC cross-hole acquisition survey using a borehole layout deployed in four parallel horizontal wells located at a mutual constant distance of 250 m was simulated. Each horizontal well is a constant depth of 2340 m below the surface. In each well, 15 electrodes with a constant spacing of 25 m were deployed.

The modeling grid is formed by irregular rectangular cells with size dependent on the spacing between the electrodes. The maximum expected spatial resolution of the inverted model parameter (resistivity, in this case) corresponds to the minimum half-spacing between the electrodes.

For this simulation, the authors used a PUNQ-S3 reservoir model representing a small industrial reservoir scenario of 19285 gridblocks. A South and East fault system bounds the modeled hydrocarbon field. Furthermore, an aquifer bounds the reservoir to the North and West. The porosity and saturation distributions were transformed into the corresponding resistivity distribution. Simulations were performed on the resulting resistivity model. This model consists of five levels (with a thickness of 10 m each) with variable resistivity.

The acquisition was simulated in both scenarios before and after the movement of waterthat is, corresponding with both the base and the monitor models. A mixed-dipole gradient array, with a cycle time of 1.2 s, was used, acquiring 2,145 electric potentials. This is a variant of the dipole/dipole array with all four electrodes (A, B, M, and N) usually deployed on a straight line.

The authors added 5% of random noise in the synthetic data. Consequently, because of the presence of noisy data, a robust inversion approach more suited to presence of outliers was applied.

After the simulated response was recorded in the two scenarios (base and monitor models), the difference data vector was created and inverted for retrieving the difference conductivity model (that is, the 3D model of the spatial variations of the conductivity distribution). One of the main benefits of DC tomography is the rapidity by which data can be acquired and inverted. This intrinsic methodological effectiveness allows acquisition of several surveys per day in multiple wells, permitting a quasi-real-time reservoir-monitoring approach.

Good convergence is reached after only five iterations, although the experiment started from a uniform resistivity initial model, assuming null prior knowledge.

In another test, the DC response measured in two different scenarios was studied. A single-well acquisition scheme was considered, including both a vertical and a horizontal segment. The installation of electrodes in both parts was simulated, with an average spacing of 10 m. A water table approaching the well from below was simulated, with the effect of changing the resistivity distribution significantly. The synthetic response was inverted at both stages of the water movement. After each inversion, the water table was interpreted in terms of absolute changes of resistivity.

The technology is aimed at performing real-time reservoir fluid mapping through time-lapse electric/electromagnetic tomography. To estimate the resolution capability of the approach and its theoretical range of investigation, a full sensitivity analysis was performed through 3D forward modeling and time-lapse 3D inversion of synthetic data simulated in realistic production scenarios. The approach works optimally when sources and receivers are installed in multiple wells. Time-lapse ERT tests show that significant conductivity variations caused by waterfront movements up to 100150 m from the borehole electrode layouts can be detected. Time-lapse ERT models were integrated into a complete framework aimed at analyzing the continuous information acquired at each ERT survey. Using a suite of ML algorithms, a quasi-real-time space/time prediction about the probabilistic distributions of invasion of undesired fluids into the production wells can be made.

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Weekend Roundup: Anything-Other-Than-COVID-19 Edition (Seriously!) – Dice Insights

Its the weekend! You made it through yet another wild week. Lets take a moment andnotmention COVID-19. Sound good? Sounds good! Lets cover other things going on in tech, from Googles nifty new art app to the automation of cybersecurity.

Googles Arts & Culture app attracted a lot of buzz two years ago, thanks to its neat-o trick ofpairing users selfies with famous portraits. Now its back with a new feature: Rendering your photos in one of many famous art styles.

After taking or uploading a photo, choose from dozens of masterpieces to transfer that style onto your image,reads the explanatory note on Googles blog. (And while you wait, well share a fun fact about the artwork, in case youre curious to know a bit more about its history.) For more customization, you can use the scissors icon to select which part of the image you want the style applied to.

This feature, dubbed Art Transfer, relies on machine learning to transform that decent shot of todays grilled-cheese sandwich into a Frida Kahlo masterwork. Art Transfer doesnt just blend the two things or simply overlay your image, the blog continued. Instead, it kicks off a unique algorithmic recreation of your photo inspired by the specific art style you have chosen. If you cant go to a museum this weekend, in other words, you can give yourself an art-y experience at home.

For those concerned about their privacy, this processing is apparently done on-device, without your image reaching Googles cloud. Nonetheless, keep in mind that Google is probably using data from the process to improve its A.I. and machine-learning efforts in some way.

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Cybersecuritytakes a lot of skill and effort, even at the best of times. Amazons new generally-available tool, Amazon Detective, is designed to automate the scanning of customers cloud resources. Previewed last year, its supposed to sniff out vulnerabilities and possible cyber-attacks.

The caveat, of course, is that Amazon Detective is designed expressly to scan AWS logs. Amazon Detectiveworks across your AWS accounts, it is a multi-account solution that aggregates data and findings from up to 1000 AWS accounts into a single security-owned master account making it easy to view behavioral patterns and connections across your entire AWS environment,reads the companys blog postingon the matter, which also includes a handy tactical breakdown of how it works (including slides).

In many ways, Amazon Detective is a potential preview of a future in which automation is used increasingly to scan systems for weaknesses. That wont put flesh-and-blood cybersecurity professionals out of a job, but it could radically change their workflow; for example, if software can handle many of the low level security tasks that confront a company on a weekly basis, technologists can spend more time on high-level tasks such as long-term security strategy.

For a couple months in there, it looked as if WeWork founder Adam Neumann had one heck of a golden parachute ready to deploy, despite the implosion of his Uber, but for office space startup: roughly a billion dollars. In exchange for stepping away, Neumann would earn $975 million in stock buybacks from SoftBank, which invested quite a bit of money in WeWork.

But according to CNN, WeWork failed to meet certain conditions, and now Neumann is out all of that sweet, sweet cash (and probably having a bad weekend as a result). Hopefully things go a little better for theWeWork engineers and other employeeswho are still trying to figure out how to navigate the company through multiple problems.

Have a good weekend, everyone! And keep washing those hands!

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Just One Major Cryptocurrency Is Outperforming Bitcoin Right Now And Its Climbing Fast – Forbes

Bitcoin has rebounded this week, climbing along with gold and other safe-havens as major stock markets struggle.

The bitcoin price is up just over 2% over the last weekmaking strong gains yesterday as investors search for somewhere to put their cash.

However, one major cryptocurrency has outpaced bitcoin's gains over the last week and is still rocketing higher.

Bitcoin and cryptocurrency investors have been hard hit by the coronavirus crisis but the bitcoin ... [+] price has begun to climb again this week--outpaced by just a handful of smaller cryptocurrencies.

The privacy-focused cryptocurrency monero, currently ranked as the 11th most valuable cryptocurrency on data site CoinMarketCap with a total value of just under $1 billion, has added almost 5% in the past weekbeating bitcoin's gains.

Monero, which masks the identity of users better than the likes of bitcoin, is up by over 6% over the last 24-hour trading period, soaring as the broader cryptocurrency market climbed.

The precise reason for monero's sudden surge wasn't immediately clear, though there have been a number of positive developments for the bitcoin rival over recent months.

Monero developers recently rolled out an update to its Carbon Chameleon software, designed to improve transaction execution and how the cryptocurrency works with the privacy networks Tor and I2P.

Monero and privacy coins have also recently gained support from some high profile figures in the tech and crypto industry.

"I think well also see privacy integrated into one of the dominant chains in the 2020s," Coinbase's chief executive Brian Armstrong wrote in a blog post back in January.

"Just like how the internet launched with HTTP, and only later introduced HTTPS as a default on many websites, I believe well eventually see a privacy coin or blockchain with built in privacy features get mainstream adoption in the 2020s. It doesnt make sense in most cases to broadcast every payment you make on a transparent ledger."

The monero price has surged over the last week, beating out bitcoin itself as the broader ... [+] cryptocurrency market bounces back.

John McAfee, the controversial and outspoken antivirus software developer and curve-ball U.S. presidential candidate, named monero as his cryptocurrency of choice earlier this year.

McAfee, who has reneged on his promise to "eat [his] own dick on national television" if the bitcoin price didn't hit $500,000 per bitcoin by the end of 2020, praised monero, along with ethereum, the second most valuable cryptocurrency after bitcoin.

McAfee made similar allusions to monero's technological superiority over bitcoin.

"Bitcoin was first. It's an ancient technology. All know it," McAfee said via Twitter before recommending monero to cryptocurrency users.

"Newer blockchains have privacy, smart contracts, distributed apps and more. Bitcoin is our future? Was the Model T the future of the automobile?"

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Ether-Bitcoin Price Volatility Spread Hits 4-Month Low – CoinDesk

Cryptocurrency prices have always been roller coasters, and some rides are scarier than others.However, there may not be much difference in price volatility between the top two coins in the coming months, a key metric indicates.

The spread between the three-month at-the-money implied volatility for ether (ETH) and bitcoin (BTC), a measure of expected relative volatility between the two, declined to 8.9 percent Friday, according to the crypto derivatives research firm Skew. It was the lowest level since Dec. 5.

Implied volatility is the markets expectation of how risky or volatile an asset would be over a specific period. It is computed using the prices of an option and the underlying asset and other inputs such as time to expiration.

The compression of this spread implies that cryptocurrencies' fortunes are tied more strongly than before to each other. But the force driving them together could be the turmoil in the mainstream financial markets, due to the economic fallout from the coronavirus pandemic.

The market is macro-driven and does not expect a lot of dispersion between the different coins and anticipates a convergence of ether and bitcoin price volatility, said Emmanuel Goh, CEO of Skew.

Volatility essentially represents uncertainty and has a positive impact on option prices. The higher the uncertainty, the stronger the hedging demand is for both call (bullish bet) and put (bearish bet) options.

However, it does not tell us anything about the direction of the next move. High implied volatility simply means the underlying asset has the potential for big price swings in either direction.

The ether-bitcoin implied volatility differential topped out at a record high of 33 percent on Feb. 22 and has been falling ever since.

Option-implied volatilities are driven by the net buying pressure for options and historical volatility, said Lukk Strijers, chief operating officer at cryptocurrency derivatives exchange Deribit.

Trading places

Ether and other alternative cryptocurrencies were outperforming bitcoin in February. Bitcoins dominance rate, or share of total market capitalization, had declined to a seven-month low of 62.58 percent on Feb. 24.

Hence, it's no surprise that, in February, markets were anticipating a higher ether price volatility compared to bitcoin.

The increase in investor interest in ether led to a rise in ether-bitcoin implied volatility spread, Strijers said.

The situation changed in March, as macro factors became the focal point, diverting attention from altcoins to bitcoin a safe haven from global turbulence, at least according to its proponents, and a benchmark for crypto markets.

However, instead of rising, bitcoin fell sharply in tandem with stocks, as the demand for cash, mainly U.S. dollars, surged amid the coronavirus-led uncertainty in the financial markets.

The bellwether cryptocurrency tanked by nearly 40 percent on March 13.

The massive drop resulted in a relatively larger increase in bitcoins implied volatility versus ethers implied volatility, causing the spread to narrow, Strijers told CoinDesk.

In this way, the ether-bitcoin implied volatility differentials drop to multi-month lows is indicative of a macro-driven market.

Another reason bitcoin faces heightened volatility over the next three months, as suggested by the ether-bitcoin implied volatility spread, is the cryptocurrencys next mining reward halving, expected in May.

A lot has been said about the potential impact on bitcoins price of the upcoming 50 percent emission cut. Most experts are of the opinion that the drop in the pace of supply expansion will bode well for the price. As a result, investor interest in bitcoin is likely to remain high compared to ether.

Further, the coronavirus pandemic is showing no signs of slowing down and is threatening to push the global economy into a prolonged recession. Again, the macro uncertainty would keep the focus on bitcoin.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Bitcoin on the brink of major bullish breakout – Yahoo Finance

Bitcoin looks to be on the brink of a major breakout as it coils up just beneath the crucial $7,000 level of resistance.

The test of $7,000 comes after a volatile trading session that saw Bitcoin surge from $6,600 to $7,300 before being met with a substantial sell-off.

Bearish pressure eventually pushed price back below $6,800, although a bounce this morning has lifted it back into a bullish posture.

If Bitcoin can close Fridays daily candle and Sundays weekly candle above $7,150 it would confirm a bullish breakout, which would pave the way towards continuation to the upside.

Potential targets begin to emerge at both $7,400 and $7,850 if a breakout is to come into fruition, while a rejection from this point would likely see Bitcoin slide back to the $6,200 level of support.

Bitcoins recent bullish behaviour has led speculators to question whether next months halving event has already been priced in by traders, or whether it will rally this month in anticipation.

The block reward halving will see rewards for miners cut from 12.5BTC per block to 6.25BTC per block, thus reducing supply of Bitcoin coming onto the market.

While this has historically been a positive event for Bitcoin it could take a turn for the worse if the theory of miner capitulation rears its head.

The theory states that if Bitcoin drops to surprising lows, miners will be forced to shut up shop and cut losses as they wont be able to cover overheads, electricity and loan repayments.

If a large section of the mining pools exit the market it will make the Bitcoin blockchain far less secure, increasing the risk of a 51% attack.

As Bitcoin moves into the typically low-volume weekend there are a couple of key levels to look out for. As previously stated breaking above $7,150 would be extremely bullish in the short-term with price targets at $7,650 and above $8,000.

However, failure to make a new high would indicate a clear lack of bullish momentum, which could be the trigger for a continued downtrend to test yearly lows.

The key level of support to look out for is $5,900, which has been established over the past two years, notably during the 2018 bear market

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Bitcoin on the brink of major bullish breakout - Yahoo Finance

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$8.5K Then $3K This Traders Bitcoin Price Call Is Playing Out – Cointelegraph

The Bitcoin price (BTC) has recovered strongly from $5,200 to $7,200 in the past two weeks, despite the declining appetite for high-risk assets including single-stocks and cryptocurrencies.

One prominent trader predicted the entire price movement of Bitcoin since its initial drop from $10,500 to sub-$6,000, and in the medium-term, the digital assets trend remains gloomy.

Crypto market daily price chart. Source: Coin360

PentarhUdi, a well known technical analyst and trader who has deftly predicted multiple Bitcoin market cycles in the past, initially estimated that Bitcoin price would plunge from $10,500 to $5,800 in the first week of February.

On February 10, 2020, the trader explained that based on candlestick wicks, $10,500 was technically a lower low at a macro level and given that this level was a historically heavy resistance, a drop to $5,800 was highly probable.

Citing PentarUdis $10,500 to $5,800 prediction, crypto whale and Bitfinex trader Joe007 said:

There is one, and only one, TA analyst in the world that I really respect, and just today, a few hours ago, he came up with this piece of analysis.

Due to a significant selloff in the U.S. stock market and the worsening Coronavirus pandemic that has since swept across the U.S. and Europe, the price of Bitcoin over extended its downtrend and fell to $3,600 on crypto futures exchanges.

The fact that buyers quickly stepped in to buy the dip and pushed the price from $3,600 to $5,200 led PentarUdi to suggest that Bitcoin price is likely to rally to $8,500 over the short term.

PentarUdi stated:

This should bounce up from weekly sma 200 ($5,200) up to daily sma 200 ($8,500). Break up of the upper trend line invalidates this bearish count. I remind this is a hypothetical bearish outcome of previously published ideas.

As a note of caution, PentarhUdi warned that as a result of the current global financial panic, Bitcoin is still likely to fall below $3,000 after rebounding past $8,000.

According to the trader:

I got a bearish target between $1,800 and $2,500. In this case weekly 200 SMA will be broken and become resistance. Many times and affords will require to break it up and make it support.

BTC-USDT daily chart. Source: TradingView

In short, Bitcoin price is currently seeing a relief rally to the 200-day SMA, a point which has acted as a strong resistance area throughout the past several years. Yet, there is a strong possibility that the entire rally becomes susceptible to a deep correction.

With instability in the global equities market and dire warnings from governments that the novel Coronavirus pandemic could potentially lead to increased deaths over the next several months, a recovery to $8,500 could still be a bull trap.

On March 29, Anthony Fauci, the director of the U.S. National Institute of Allergy and Infectious Diseases said that the Coronavirus could potentially lead to 200,000 fatalities.

If efforts to contain the outbreak in the U.S. and Europe fail and the development of a vaccine takes 12 to 18 months, the sentiment in crypto and equities markets could take an even deeper bearish turn.

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$8.5K Then $3K This Traders Bitcoin Price Call Is Playing Out - Cointelegraph

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