Just a quick weekend recap: Following our most recent BTC price analysis from Friday, where we had stated that the correction is likely to test lower levels, we can see Bitcoin breaking below $10,000 after failing to break above the crucial resistance at $10,500. As can be seen on the following daily chart, after getting...Read More
Bitcoin’s volatility may scare many investors away from the cryptocurrency ecosystem but at the same time, its rapid price rise is also alluring to many. In fact, it has played an important role in capturing the minds of institutional investors, governments, and casual observers. In 2020 alone, Bitcoin broke the crucial $10,000 mark. Further, many...Read More
The collective crypto-market was recording a market cap of $305 billion, with Bitcoin holding a dominance of 61%, at press time. With the king coin consolidating above $10,000, many of the market’s undervalued altcoins have gained much-anticipated momentum, movement that has gone on to pull down Bitcoin’s dominance to an eight-month low. Is the altcoin...Read More
Bitcoin’s insane 2020 uptrend has allowed the benchmark cryptocurrency to rally from lows of $6,800 to highs of $10,500. Although these gains are nothing to scoff at, this bullishness has spilled over into the altcoin markets, allowing some other cryptos to significantly outperform BTC. Some of the altcoins that have outperformed Bitcoin include Ethereum, Tezos,...Read More
Ohio is one of the United States’ most pro-Bitcoin states, with the state often taking the lead with regard to crypto-friendly regulations. In fact, it was the first U.S state to accept cryptocurrency for tax payments in the United States. Additionally, Ohio state officials like Josh Mandel and Warren Davidson have often come out in...Read More
Bitcoin saw a notable selloff this morning that sent it reeling below its key support at $10,000, which instantly led major altcoins like Ethereum to similarly see major pullbacks. In the case of ETH, this selloff has sent it down to a key near-term support level, and if this breaks, analysts are noting that the...Read More
Facebook‘s cryptocurrency Libra shows no signs of launching this year and there have been plenty of speculations regarding its fate, ever since the start of 2020. However, discussions around the launch of Libra did initiate a lot of other conversations in the crypto-space as well, like the role and impact of Central Bank Digital Currencies...Read More
Tesla stocks (TSLA) saw a tremendous price surge in the last few months, and the firm is looking to monetize the increase. Tesla plans a $2 billion common stock offering to strengthen its financial position. While similar scenarios could play out in the traditional financial market, Bitcoin stands on the opposite shore. Its finite pre-programmed...Read More
Back in the day when trading Bitcoin was not all that popular, people used to mine BTC themselves. Bitcoin mining is still practiced today, and while it is tempting to try and make your own BTC, the process is now more complicated than ever because of the intense competition. Around the time, Bitcoin was first...Read More
XRP climbed by 3% over the past 24 hours of trading. However, it is still struggling to break resistance at $0.337. Against Bitcoin, XRP remains above the 200-day EMA but has run into resistance at 3270 SAT. The cryptocurrency has strongly outperformed Bitcoin this week with a 21% price surge relative to Bitcoin’s 4.5% increase....Read More
Bitcoin underwent a downward correction earlier this year after breaching the crucial $10,000-mark in a surge that ended the six-month-long bearish fever that had struck the coin. The king coin rose to $10,244 after a minor surge of 0.70% over the last 24 hours. At press time, Bitcoin held a market cap of $186 billion...Read More
Brazil has been very active in the cryptocurrency scene for a long time now. In fact, not only does Brazil rank among the top 5 in the list of countries with the most cryptocurrency holders, but it is also seventh on the list of countries with the highest number of crypto-exchanges. However, the Brazilian government...Read More
When your completely non-computer savvy, totally apolitical friends or family members come up to you asking, “Hey, you think I should buy this Bitcoin thing?” you’re in bubble territory. The coin is very possibly overheated, and it might be time to sell. We need a healthy pull back. Too much hype about #bitcoin halving and...Read More
The cryptocurrency index and beta fund provider, BitWise, recently published a report regarding how financial advisors look at digital assets. Partnering with numerous information sources on the matter, the company concludes that cryptocurrencies are becoming more attractive to advisors and their clients. Increased Interest For Cryptocurrencies BitWise and ETF Trends conducted the report by questioning...Read More
The United States government seems to be expressing great concerns towards issues regarding the loss of currency supremacy by their national currency-the US dollar. As the US gains considerable national security and dominance over many nations that conduct international trade using the US dollar, it seems their national currency plays a major role in bringing...Read More
Switzerland has been at the forefront of crypto-advancement for a long time now. As a result, many bankers in the country have started to see Bitcoin as a natural fit for their country’s financial and banking sector. On a recent podcast, Phil Dettwiler, Head of Custody Storage and Transaction Banking at SEBA Bank AG, stated...Read More
