This week was wild for Bitcoin. Starting at around $13,500, the cryptocurrency went on to shatter the high set back in 2019 and surge to as much as $16,000 just today. It’s interesting to note that this happens despite the fact that retail investors are yet nowhere to be found, according to data. It appears...Read More
Bitcoin Bitcoin saw an extraordinary 15.3% price surge this week which allowed the cryptocurrency to scratch the $16,000 level today. It has since dropped slightly to $15,500 but is still very much bullish. BTC started the week at $13,200. From there it headed higher into the $13,800 resistance but stalled at the weekend. As the...Read More
Bitcoin has been surging in the past few weeks to consecutive yearly highs. Speculations emerged within the community if or when BTC will even surpass its 2017 ATH of nearly $20,000. At the same time, though, most alternative coins seemed to be dragging behind their leader. Bitcoin’s dominance highlights this – a metric that surged...Read More
ETH/USD – Ethereum Rebounds At Trend Line Support Key Support Levels:$438, $430, $421.Key Resistance Levels: $445, $462, $475. Ethereum saw a strong 9.4% price surge today, which allowed the coin to break past resistance at $416 (bearish .618 Fib) and climb above $430 to reach the current $441 price. The coin is now testing resistance...Read More
Tyler Winklevoss, the co-founder of the US-based cryptocurrency exchange Gemini, believes that the US stimulus packages are a “code for buy Bitcoin.” The former business partner of Facebook founder Mark Zuckerberg commented on a speech by the US Federal Reserve Chair Jerome Powell. Cameron and Tyler Winklevoss. Image Source: CNN In it, Powell said that...Read More
Bitcoin has enjoyed the past several weeks with impressive price increases registering fresh yearly highs. As its price touched $16,000 hours ago, the community has become overly optimistic, according to a popular metric called the Fear & Greed index. However, history shows that similar scenarios could lead to steep price drops. Extreme Greed Takes Over...Read More
The cryptocurrency community is buzzing with reports and tweets about the prices. Bitcoin is frequently marking fresh yearly highs. Even the 2019 record of nearly $14,000 was taken down and seems far behind. Just yesterday, the primary cryptocurrency gained about $1,500 of value in 24 hours. As something similar occurred precisely three years ago, before...Read More
Ethereum is one of the best performing crypto assets of the day, albeit behind its big brother. ETH prices got their initial boost on November 4 when the deposit contract was officially deployed. The asset rose 5% on the back of that to reach $405. Bitcoin is a bigger driver of momentum for ETH prices...Read More
Bitcoin’s most significant green candle happened on December 7, 2017, when traders started the day at $14090 and pushed the token to $17390 in 24 hours. That would be the first time a bullish candle broke the $15900 line —an event that new investors are experiencing today. December 7 of 2017 can also be remembered...Read More
Twitter founder Jack Dorsey’s payments firm Square is riding the Bitcoin wave like there’s no tomorrow. The company’s Q3 investors’ letter has just come out. And if numbers are anything to go by, Square has registered a humongous $1.3 billion revenue in the third quarter through Bitcoin sales. This comes amid the company clocking a...Read More
The United States Department of Justice confiscated around $1 billion worth of bitcoins on Tuesday. Today it is suing for forfeiture of the BTC that federal personnel seized. The coins allegedly belong to the now-defunct darknet marketplace Silk Road. US DOJ Wants The Forfeiture Of Bitcoin Worth $1 Billion As per Bloomberg’s latest report, the...Read More
LINK/USD – Bulls Rebound From Lower Boundary Of Ascending Price Channel. Key Support Levels: $10.50, $10, $9.80.Key Resistance Levels: $11.50, $12, $12.75. LINK saw a strong 6% price hike today as it rebounds from the lower boundary of an ascending price channel to trade at $10.9. The coin had started to form this pattern toward the...Read More
A MetaMask user, attempting to swap Ethereum for a DeFi token, paid over $9,000 transaction fees while transferring only $120 worth of ETH. The user has reached out to the mining pool that processed the transaction for assistance but has yet to receive a response. A Costly ETH-DeFi Swap The user, going by the nickname...Read More
XRP/USD – Bulls Face Resistance At 100-days EMA Key Support Levels: $0.24, $235, $0.228.Key Resistance Levels: $0.251, $0.261, $0.271. XRP fell lower from resistance at a falling trend line toward the end of October. It initially found support at the 200-days EMA at $0.24 but broke beneath it in November. After that, XRP continued to...Read More
Galaxy Digital CEO Mike Novogratz believes that Bitcoin is in a bull market as the asset has crossed a milestone in its adoption cycle. The former hedge fund manager also noted that BTC will only benefit if the US Federal Reserve continues printing such excessive amounts of money. Novogratz: Bitcoin Is In a Bull Market...Read More
Bitcoin price continues to break new grounds today as bulls prepare to take on the $14,900 resistance. Since the bottom of the brief dip yesterday at 08:00 UTC, $24 billion has been added to the market with most of it being piled into BTC. Bitcoin dominance has now broken over 65.0% for the first time...Read More
Sam Bankman-Fried, the CEO of the crypto derivatives platform FTX, has donated over $5 million to the 2020 presidential campaign of the former vice president Joe Biden. Data provided from opensecrets.org reads that FTX.US is listed among the top donors in the ongoing elections with $5,220,000. FTX CEO, Sam Bankman-Fried. Source: Bloomberg The Wall Street...Read More
Another leg up took Bitcoin to a fresh yearly high of over $14,500. Most alternative coins were left behind, and BTC’s dominance over the market has further expanded to nearly 65%. Bitcoin Peaks Yet Again To $14,350 It’s safe to say that the primary cryptocurrency has enjoyed the past several weeks. Bitcoin marked consecutive yearly...Read More
Bitcoin is currently trading at its highest price for almost three years as it hit $14,320 during this morning’s Asian trading session. The move is building the fifth green weekly candle in a row as the asset continues to march steadily higher, beating previous highs. Bitcoin breaches $14,300 Continues to hit higher highs in 2020...Read More
U.S. authorities have just seized millions of dollars in crypto from one of Brazil’s biggest and most famous scams, ending one dark chapter in the history of crypto scams in the country. The joint initiative —started by the brazilian authorities— had the codename “Operation Egypt” (did you understand the reference?) and aimed to end a...Read More
Blockchain adoption has just achieved a major milestone. The Associated Press has chosen the Ethereum blockchain to publish calls for the latest US Presidential election. The nearly 200-year-old New York-based non-profit news agency has been counting votes since its inception in 1848 and will do the same this year too by collecting, verifying votes, and...Read More
Ethereum’s creator officially announced the release of the Ethereum 2.0 deposit contract a couple of hours ago. ETHUSD markets responded with a large green candle that has pushed the network’s native cryptocurrency past the $400 mark. The question is, will this latest update help ETH outperform bitcoin once again? Ethereum 2.0 Deposit Contract Officially Released...Read More
• This day has been nothing short of exciting for the cryptocurrency markets. In fact, it has been a wild ride for all markets, and that’s to be expected – after all, the 2020 US Presidential Elections are currently taking place. • As the officials are counting the last ballots in a few states, the...Read More
ETH/USD – Ethereum Rebounds At Trend Line Support Key Support Levels: $390, $377, $364.Key Resistance Levels: $410, $416, $421. Ethereum struggled to break the resistance at $416 (bearish .618 Fib) earlier in October which saw the coin heading lower over the past week. ETH found support at the $380 level as it bounced off of...Read More
Andrew Bragg, an Australian Liberal Senator, has suggested that blockchain technology can be utilized to simplify the already complicated world of financial regulatory compliance. During a recent speech, he outlined DLT’s merits if employed correctly and said that “the future is technology by blockchain.” Blockchain To Aid Financial Regulator Compliance The 36-year-old former accountant at...Read More
The 2020 US Elections are on, and there’s no shortage of excitement around them. At the time of this writing, it’s anyone’s guess who the winner will be as ballots are still being counted in certain states. Bookmakers and cryptocurrency exchanges where users can bet on the outcome, however, are strongly favoring Joe Biden currently....Read More
The leading cryptocurrency exchange Binance has helped recover almost all $345,000 funds stolen due to an exit scam conducted by an automated market maker (AMM) dubbed Wine Swap. Binance Security Team Recovers 99.9% of Stolen Funds In a press release shared with CryptoPotato, the popular exchange shared that Wine Swap launched on Binance Smart Chain...Read More
The encrypted messaging platform Telegram has to pay legal fees worth $625,000 to a cryptocurrency company as an aftermath of a lawsuit dating back to 2018. All Because Of The “GRAM” Trademark Telegram Messenger Inc. has been ordered to pay legal fees to crypto firm Lantah LLC after it dropped the lawsuit in August this...Read More
Republican candidate Cynthia Lummis, endorsed by President Donald Trump, has won the US Senate race in Wyoming. She will become the first woman to serve as US Senator in Wyoming’s history and one of the first Bitcoin proponents in Senate as she initially purchased BTC back in 2013. Bitcoin HODLer To Become Wyoming Senator Lummis...Read More
Bitcoin briefly spiked above $14,000 again, this time perhaps on news from the US Presidential elections. The altcoins have erased most of yesterday’s losses, and the market capitalization has added about $10 billion. Bitcoin Reacts On US Election News? Bitcoin broke above the coveted $14,000 mark on Saturday for the first time since January 2018....Read More
