December 6, 2020

What’s stopping Bitcoin from climbing to $20,000?

When Bitcoin’s price hit a new ATH on most cryptocurrency exchanges, traders expected it to hit $20,000 quickly. However, the crypto-asset soon faced a wave of corrections following the same, even as its market cap crossed $354 billion and it became the 7th largest currency in the world.  To many, the $20,000-level may seem unattainable...
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Two Centuries-Old German Bank Announced A Cryptocurrency Fund for 2021

Hauck & Aufhäuser, one of the oldest German banks is making a play for the emerging cryptocurrency space with the launch of a crypto fund early next year. Commercial banks in the country continue to show a significant appetite for virtual currencies on the back of a firm but a favorable regulatory mandate from government...
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How Bitcoin’s active supply hit both an ATH and an ATL

Bitcoin, at the time of writing, was trading well above $19,000 on the charts. However, while that is a bullish observation, a closer look at Bitcoin’s fundamentals would reveal a contradiction of sorts. Curiously, the active supply of Bitcoin has hit both an ATH and an ATL. This contradictory position is possible entirely due to...
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Tezos, Neo, Aave Price Analysis: 06 December

The Crypto Fear and Greed Index stood at 95 for the day as Bitcoin traded at $19,041, at press time. Tezos formed a bullish reversal pattern that was yet to be confirmed, while Neo was likely to head back lower to a level of support. Finally, Aave was trading within an ascending channel and a...
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Ripple exec recommends Barbell Strategy for portfolio allocations

With Bitcoin consolidating its position right under its latest ATH on the price charts, the general mood in the crypto-market is one of bullishness and optimism. Such a mood swing has caught the attention of many in the mainstream, many of whom were previously hesitant about investing in cryptocurrencies. In fact, there is also an...
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What’s next for Bitcoin and Gold’s correlation?

When Bitcoin decoupled from Gold in November 2020, on-chain analysts predicted that it was gearing up to hit a new ATH on the charts. As it happened, that’s exactly what happened. However, the sentiment on the part of the market’s retail traders was mostly mixed after the Bitcoin-Gold correlation dropped so dramatically. The “store of...
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Binance Coin, Synthetix, Nano Price Analysis: 06 December

Binance Coin could be set to lose the level of support at $29 to the market’s bears over the next few days after noting a lack of buying volume over the past two weeks. The bullish momentum behind the recent gains for both Synthetix and Nano appeared to have evaporated, and both cryptos could witness...
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Bitcoin Price Could Hit $288,000 In A Year: Kraken’s Dan Held Exclusive Interview

Dan Held is among the most popular and influential people within the cryptocurrency industry. Apart from being a vocal bitcoin supporter, he’s also the current Head of Growth of the veteran US exchange Kraken. A position that he described as: “leading our initiatives around efficiently acquiring users and getting them activated.” CryptoPotato had the opportunity...
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Is Litecoin really the ‘silver’ to Bitcoin’s ‘gold?’

Litecoin has come in for a lot of criticism over the past two years thanks to its lukewarm movement on the charts. Not only is Litecoin trading at a level that is way off its all-time high of December 2017, but organic developments are far and few to talk about as well. And yet, despite...
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Why HODLers are increasing Bitcoin’s utility

It’s been a good few weeks for Bitcoin, the world’s largest cryptocurrency. Not only did BTC climb to a new ATH recently, but it has also emerged to become the world’s fastest adopted asset. This was recently brought to light by a tweet authored by popular on-chain analyst Willy Woo. The tweet in question compared...
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Bitcoin Cash, IOTA, Enjin Price Analysis: 06 December

Bitcoin Cash exhibited some volatility over the past two weeks, with the market appearing to be indecisive at press time, although a downside seemed like a safer bet. Bitcoin will have a huge influence on BCH going forward while IOTA was trading within a rectangle and awaited a breakout backed by strong volume. Enjin formed...
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Three reasons why YFI couldn’t hold $30K

Yearn.Finance’s YFI token has been in the news a lot lately, mostly due to its parabolic movement on the price charts. In fact, within a month of YFI trading at just over $7,500, the token hiked exponentially to touch the $30,000-mark on the 2nd of December. However, while YFI did hold the level for just...
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Giant Chinese Online Retailer JD.com To Enable Purchases With The Digital Yuan

As some nations still dabble on the idea of launching its own central bank digital currencies, China has doubled-down on testing the digital yuan, and JD.com has agreed to begin testing.  According to the Bloomberg report, the fintech affiliate of the e-commerce giant called JD Digits will launch a pilot program by the end of...
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EOS, Ontology, DigiByte Price Analysis: 06 December

Many large-cap altcoins followed Bitcoin’s lead in the market to a certain extent. However, EOS and DigiByte dropped under a level of support and the subsequent pullback saw the same level retested as resistance. In fact, their indicators pointed towards the likelihood of a downside on the charts. Finally, Ontology formed a triangle pattern that...
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Monero, BAT, Verge Price Analysis: 06 December

The altcoin market saw some coins record gains over the past 24 hours, but there was also some volatility arising due to Bitcoin‘s recent price movements. In fact, while Monero saw a dip to $124 swiftly pushed back up to $132, Basic Attention Token was on a downtrend, but formed a bullish reversal pattern. Finally,...
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