Why Bitcoin is Continuing to Climb, from More Solid Ground Than Ever Last night saw Bitcoin once again soaring up the market, with a 6% increase over the course of three hours. This continues a fantastic start to the year for the world’s largest decentralized currency, which is up 30% since January 1st, and pulling
Coinbase exchange made two big announcements on Wednesday. First, was the launch of a new private limited entity in Europe – Coinbase Custody International, Ltd. Second, was the successful poaching of Google’s Shopping VP of Product Surojit Chatterjee. He will join Coinbase as their CPO for crypto-commerce. Chatterjee has over 11 years of experience at
Bitcoin’s chances of testing and breaking above $9,400 sabotaged by the rejection at $9,433. The formation of a bullish flag pattern is a key indicator that a bullish reversal is in the offing. Bitcoin is faced with increased selling activity after the recovery that achieved a new January peak at $9,433. The desire to test
USD-Tether is the largest stablecoin with a market capitalization of more than $4.63 billion. The increase or decrease in the supply of the stablecoin has had a notable effects on the crypto market. Adam Back, the CEO of Blockstream notes in a recent tweeted of how Tether came into existence because of Bitcoin, and have
Ethereum Classic (ETC) hash rate hits all-time high amidst 160% growth in the last 30 days. The “original Ethereum” is eyeing to enter the top 10 coins after boosting 13% in 24 hours. Ethereum Classic (ETC) is getting better and better since the 32% spike in the last week of December last year as the
Ripple technical levels flash negative signals following rejection at $0.24. The Rising wedge pattern suggests that a dive to $0.0.2150 is possible in the near term. Ripple is quickly turning the bullish trend experience from last weekend bearish. The recovery from laws slightly under $0.2150, XRP bulls pushed for gains breaking numerous barriers to the
Bitcoin (BTC) performance has been superb in the last trading week. The world’s most valuable digital asset is setting standards and literally anchoring the cryptocurrency market given its role. In the last trading day, the coin is up 3%, pushing weekly gains to over 8%. Because of this, BTC is up $1,200 in three days.
Over $14 million USD worth of Tezos (XTZ) transferred to Kraken cryptocurrency exchange. The transaction fee was less than a cent ($0.00782 USD). Prepare for a sell off or staking proposal? In the past hour or so, a transaction worth over $14 million USD worth of Tezos (XTZ) was sent to Kraken exchange raising concerns
The amount of Ethereum (ETH) in circulation is at a 2-year low given the positive development in other areas of the trustless ecosystem. The exponential rise of DeFi products, where data reveals that over $800 million of ETH has been locked up as collateral in exchange of network-issued stable coins, may have contributed to this.
Bitcoin [BTC] price pump has traders looking for further long orders as $10,000 seems like the nearly target. The volume at BitMEX was about $5 billion dollars yesterday which seems to be leading the futures market. It has tripled in the last two days along with increasing volume at Okex, Huobi and Binance as well.
Bitcoin gains break $9,400 resistance for the first time in 2020. The tug of war between the bulls and the bears catches momentum following a dive under $9,400. Bitcoin price has corrected higher from $9,397 (opening value) on Wednesday to $9,431 (intraday high). The bullish strength emanates from the brief surge during the American session
Bitcoin [BTC] price continues it’s bullish streak, now confirming a break above bearish resistances with long green candles. BTC has gained $108x in 3 days with a 13% rise. The price gained $400 over-night as it tested the highs at $941x; for the first time since October last year. While the previous break-out proved out
Tron (TRX) grows over 8% in a day as bulls target top 10 slot in the coming days. The spike follows the WIN airdrop announcement and spike in the Tron-based USDT to almost $1 billion USD. Can TRX breach key resistance at $0.2000 USD despite Justin and Tron Foundation problems? The cryptocurrency market has been
Over 11,000 ATMs across Mexico add Dash (DASH) buy capabilities to their machines. Adoption of DASH across the Americas is a factor to admire as the crypto adoption grows to record levels. After spiking over 10% in a day and the wallet adoption in Venezuela spiking to five times the number in a year, DASH
Ripple’s bullish pennant pattern price action still in play towards $0.25. Ripple technical analysis trend sustains a positive bias both short term and long term. Ripple is in a bullish zone after the recent recovery from levels close to $0.21. Last week bearish correction saw Ripple dive under a few support areas including $0.24, $0.23
Traders could be in for a rude shock if technical candlestick arrangement visible in Bitcoin, Litecoin, Ethereum, and Ethereum Classic charts is leading. Despite posting double-digit gains in the last couple of weeks and resuming their uptrend, there are hints that accompanying trading volumes are low and fizzling out even as prices print a series
In recent years, cryptocurrency has become a popular investment vehicle in the mainstream financial community. With a variety of cryptocurrencies in the market today, including Bitcoin, Dogecoin, Ethereum, and many more, these new products allow investors to achieve financial independence when it comes to their investments and other monetary transactions. Because of the difficulty to
Bitcoin is often touted as one of the safest ways to conduct business online. That’s mostly true since the cryptocurrency is built on a decentralized network with public access to transaction records. But the same can’t be said for all the places you buy and sell Bitcoin. In fact, quite a few cryptocurrency exchanges have
The interest in Bitcoin [BTC] Lightning Network (LN) during early 2019 seemed to be subsiding due to lack of growth and adoption. Nevertheless, the interest has been spurred again as leading exchanges like Bitfinex and Square Crypto led by Twitter CEO Jack Dorsey are looking to increase adoption. Moreover, the total number of Bitcoins [BTC]
Bitcoin jumps above $9,000, scattering the last of the bearish camps. Technical levels have aligned for the rally to $10,000 but Bitcoin must break the resistance at $9,200. Bitcoin has reclaimed the support above $9,000 after smashing through the resistances I highlighted yesterday at $8,700, and $8,800. It is clear that Bitcoin bulls intend to