If price is a misdirection, Bitcoin believers have reason to be bullish if the sharp spike of new addresses in the last 24 hours is a precursor for buy pressure. According to GlassNode, the number of new addresses spiked on the last day, as over 1,000 addresses were created. From the analytic firm’s 3-day moving
Monero saw a 10% price increase over the past 24 hours of trading as it makes its way back to the $50 level. The cryptocurrency found support at $32 during the market capitulation which allowed it to rebound higher. Monero is the highest performing coin today out of the top 20 ranked cryptocurrency projects as
The low price of Ripple (XRP), the native currency of the XRPL, shouldn’t erode confidence in Ripple’s use case. This is the view of one Twitter user who is also urging XRP and crypto coin holders not to focus price, the “ultimate misdirection tool”. “I can see the low price of XRP starting to erode
Bitcoin expected to see a short rise past the $7,100 USD level but the near term prospects look gloomy for the top crypto, top trader wrote on Thursday. Following the current trend in the equity markets, which is reacting to a possible increase in jobless claims – expected to hike towards 1 million to 4
Bitcoin dropped slightly today but is finding some form of support at the $6,500 level. The cryptocurrency increased as high as $7,000 over the past day but failed to close above it causing it to drop slightly. Bitcoin dropped from $7,000 over the past 24-hours of trading but is finding support at the $6,550 level.
Ethereum price upside movements limited by the trendline resistance, $140 and $142 hurdles. Ethereum is technically ready to lift off to levels above $160 but fundamentals keep lagging behind. Ethereum price is trading under the key $140 resistance zone. At the same time, the downside is strongly protected at $135. The bulls are in control
Bitcoin [BTC] undergoes the second largest difficulty adjustment in it’s history. The total hash-rate of Bitcoin mining also slips below ($75,000,000 Th/s); the lows attained during the bear capitulation in late 2019. Hence, returning to similar supply schedules when the low in Bitcoin’s price around $6400. In terms of trading sentiments, however, a lot has changed
A research by Matt Alhborg, a data-scientist and researcher at dlab.vc during a black-out in Venezuela reveals how Venezuela dominates the crypto scene is South America. It also suggests that Bitcoin is primarily used as a ‘bridge currency’ between US Dollar and the local currencies. The electricity black-out occurred on 7th March with which economic activity
Bitcoin price upside capped under two critical zones; $6.850 and $7,000. The technical picture shows BTC/USD bulls largely in control they prepare for takeoff above $7,000. Many cryptocurrency analysts and enthusiasts do not buy the idea that Bitcoin has bottomed and is setting the stage for a grand rally to beat 2020 high around $10,500.
Tezos (XTZ) is one of the top-ranking coins ranking well over the first two months, reaching an all-time high at $3.90 in February before the drastic “Black Thursday” crash wiped off 57% of the token’s value. Over the past week, bulls have roared back in the market as several altcoins gained double digits on Mar.
On March 24th, Bybit, a global derivatives trading platform, released new functionality that expands its derivative trading capabilities. Most notably, the platform is adding Tether (USDT) perpetual contracts to its crypto-backed derivative product offerings, creating new ways for investors to explore crypto markets. The announcement came from CEO Ben Zhou, who issued the release on
Digital money transfer business Metal Pay has partnered with TRON, making the TRX token available to users of the instant money service. As a result of the partnership, TRX will be fully integrated into Metal Pay’s mobile application, enabling TRON’s native token to be purchased using fiat currency via debit card or checking account. In
The fight against the global epidemic, COVID-19 virus is taking a leg up as Binance Charity Foundation (BCF), the socially responsible wing of Binance, announces yet another donation to fight the pandemic. This time it needs your retweet! On Mar. 25, the official Binance page called out its followers on social media to share and
CasperLabs, a next-generation, secure and scalable Proof-of-Stake blockchain, is collaborating with BitMax.io, a Singapore registered digital asset trading platform, to conduct its private validator token sale in the form of an Exchange Validator Offering (“EVO”). Private Validator Token Sale Opportunity CasperLabs will conduct its validator token sale in collaboration with BitMax.io. The purpose of this
In the next 2-3 years, the total market capitalization of Bitcoin will surpass Gold ‘s as the most valuable coin establishes itself as a preferred store of value thanks to its decreasing inflation and adoption. This is the view of one analyst who also adds that there is “no other asset to own today” other
In a new twist, the US Federal Deposit Insurance Corporation (FDIC) is urging people not to withdraw their money from banks. Informing them that keeping large sums of money at home is risky, they recommend citizens to bank with an FDIC-insured financial institution where their money will be “safe and sound”. The FDIC is a
Ethereum price looks forward to rising triangle breakout following the consolidation around $140. ETH/USD has a short term bullish bias based on the up-trending RSI. Ethereum price is stuck under a key resistance (seller congestion zone) between $140 and $142. While the resistance at $142 is a hard nut to crack, sustaining gains above $140
In the hearing yesterday, U.S. District Judge, P. Kevin Castel issues an injunction against the distribution Telegrams’ Gram token [TON]. The judge also notes that SEC has shown ‘a likelihood of success’ in proving that SEC tokens might be ‘securities.’ Preston Byrne, partner at Anderson Kill law firm notes, SEC v. Telegram motion for preliminary injunction: Telegram
With less than 50 days to halving, the miners are likely losing confidence in profitable operations in 2020. As recently reported on CoinGape, the S9 miners are now becoming less and less cost effective to the point of large-scale shutdowns. While the new age 7 nm chips powered S17 miners are profitable for now, the prospects
Gold price renews the uptrend towards seven-year high, Michael Novogratz believes Bitcoin price rally will follow. Bitcoin price short term analysis shows that a return to $6,000 is necessary to create fresh demand in support of the rally to $8,000. The price of gold is soaring once again nearing its local high at $1,637.05/Oz. As