Archive for July 2020
Ethereum‘s Breakout Rally Suggests Bitcoin is Poised to Explode Past $12,000
Ethereum and Bitcoin are both showing immense signs of strength today as they push towards their recently established key resistance levels ETH once again appears to be leading Bitcoin, as its large upwards price movements now tend to take place just before those seen by BTC This could prove to be incredibly positive for the…
Read MoreGoldman Manager Rejects Bitcoin’s Most Bullish Narrative To Date
Bitcoin over the last two weeks surged higher on fears of inflation caused by the Federal Reserve’s easing policies. The rally also appeared as the US dollar fell to its lowest level since 2018. Observers within the crypto sector noted that Bitcoin is rising out of the fears of dollar debasement. Meanwhile, a top Goldman…
Read MoreNeutrino USD (USDN) Offers a Safer Alternative to Tether
As the market capitalization of USDT and USDC keeps rising, recent asset freezes underline their inherent risks. Will these incidents cause more investors to turn to decentralized stablecoins, such as DAI and the stakable USDN? Since the start of June, Tether’s market cap has grown by 13%, and that of USDC Coin has finally crossed…
Read MoreDigitex Launches Much-Anticipated Zero-Fee Bitcoin Futures Platform to The Public
Digitex Ltd has announced the launch of its hotly anticipated commission-free Bitcoin futures trading platform, Digitex Futures. In addition to the awaited debut, Digitex is hosting a launch celebration with an all-day trading event, and prizes totaling $250,000 in DGTX tokens and branded merchandise. Along with this, there will be online Q&A sessions between the…
Read MoreBitcoin is Going to Hit $13,500 This Quarter; Analyst Explains Why
Bitcoin may continue its current bull run to hit $13,500 this quarter, according to a technical setup presented by analyst Vince Prince. The TradingView contributor showed the cryptocurrency inside a rising bull flag – an ascending channel pattern, stating it has the strength to break above it. Catalysts that further supported the upside bias included…
Read MoreA Major Source of Bitcoin Selling Pressure Just Disappeared, Boosting the Bull Case
The PlusToken Ponzi Scheme has long been a thorn in the side of the crypto market It now appears that the ring leaders behind the now-defunct scheme have all been arrested, meaning that they won’t be able to offload their massive crypto holdings Many analysts have pinned major selloffs in previous months on token sales…
Read MoreHere’s the Critical Level Bitcoin Needs to Hold Above to Maintain Its Momentum
Bitcoin has shown some slight signs of weakness today as its bull struggle to keep it above $11,000 It is important to note that today’s price action hasn’t done much to alter its market structure, although a continued bout of trading beneath this level could be a grave sign Analysts are now noting that the…
Read MoreHow “Picture Perfect” Macro Uncertainty Will Keep Gold, Bitcoin Trending
This week, the United States Senate introduced another stimulus package that would add more than $1 trillion to the Fed’s already ballooning balance sheet. In response, gold reached a new all-time high, and Bitcoin soared to $11,000. It has created what one analyst calls a “perfect” macro-economic environment for hard, scarce assets like cryptocurrency and…
Read MoreAfter Ethereum DeFi Gains 100%+, Vitalik Says Yield Farming Isn’t Sustainable
The biggest crypto narrative of the past few months has been the growth of Ethereum’s “decentralized finance” (DeFi). Tokens pertaining to this segment of the cryptocurrency market have surged literally hundreds of percent. Chainlink (LINK), for instance, is up by around 400% from the March capitulation lows. Other tokens are also up hundreds of percent…
Read MoreBitcoin Exposed to Correction on Easing Risk Sentiment; Here’s Why
Bitcoin plunged by more than 4 percent following its explosive upside move towards $11,500 on Monday. The cryptocurrency’s uptrend also steadied on easing risk sentiment following the Federal Reserve’s two-day policy meeting. Nik Yaremchuk, an independent crypto trader and analyst, meanwhile highlighted a historical price ceiling near the $11,000-level that has sent Bitcoin down on…
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