The Tezos Foundation has collaborated with several Swiss-based cryptocurrency companies to tokenize Bitcoin. Called tzBTC, it gives holders the ability to interact with Tezos smart contracts while pegging to the value of Bitcoin. Tokenized Bitcoin On Tezos Blockchain The Bitcoin Association Switzerland announced launching the tzBTC digital token in a press release shared with CryptoPotato....Read More
Bitcoin’s price is no stranger to volatility and the period between the second half of 2017 and the first half of 2018 is a clear example. The price went from about $2,600 to its all-time high of $20,000 in December 2017 and all the way down to $6,000 in July 2018. At the time, though,...Read More
LINK surged by a total of 10% over the past 2-days as it reaches $2.80. It has now reached resistance at the 100-days EMA as it sets its sights to head above $3.00. Against Bitcoin, LINK has also surged as it climbs from 0.00033 BTC to reach 0.00038 BTC. Key Support & Resistance Levels LINK/USD:...Read More
There’s something curious unfolding in global markets this month. While COVID-19 rages across the planet and the economy has ground to a halt, equities have actually been rallying. Global stock prices have been on their way up for two weeks now. It appears like Wall Street’s doing great. The Dow Jones Industrial Average has increased...Read More
Markets across the board are marking tremendous increases since the beginning of the week. The largest indexes are charting notable gains despite the continuously spreading coronavirus as well as other concerns such as the escalating number of job loss claims in the US. The cryptocurrency market follows as absolutely every coin in the top 20...Read More
Tezos’s price reached the critical level of $2 after breaking above the $1.8 resistance. Against Bitcoin, XTZ bounced back after establishing support around 25000 SAT. The 10th largest cryptocurrency surged with over 16% gains across the trading pairs XTZ/USD: Tezos Overcomes Crucial Resistance Key Resistance Levels: $2.5, $3.2, $4 Key Support Levels: $1.46, $1.25, $0.845...Read More
Ethereum surged by a total of 13.6% over the last 24 hours as it reaches $175. ETH rocketed higher after breaking the $146 resistance yesterday, allowing it to break resistance at $165 and $170. Against Bitcoin, Ethereum also surged significantly as it climbed from 0.021 BTC to 0.0235 BTC. Key Support & Resistance Levels ETH/USD:...Read More
New data indicates that the number of active Ethereum addresses could accurately predict the future price movements of ETH. Unique addresses have been rising since March, and the price of the token has been continuously surging. Active ETH Addresses Corresponds With The Price? Information provided from the popular monitoring resource, Santiment, suggested that the number...Read More
Quick recap: March 12, 2020, following the global markets’ crash, Bitcoin experiencing its worst day ever, while clearing over 50% of its value. Some blamed the BitMEX liquidation system; some thought Bitcoin was going to zero. The daily high, which was recorded on that day, was $7969 on Bitstamp, while the daily low was $3850....Read More
Mr. Qiao Wang, the co-founder of crypto intelligence firm Messari, Inc., said Sunday that Bitcoin’s total addressable market (TAM) might be approximately $20 trillion. If that’s the case, the Bitcoin price would surge to $1 million USD a coin. While that’s a welcome projection for Bitcoin holders, it might be a bit of a stretch....Read More
TRON flashes mid-term bullish following the recent increase in Bitcoin’s price. TRX price could surge in the coming days due to the latest increase in buying volume. TRX/USD: Tron Eyes $0.015 Resistance Key Resistance Levels: $0.014, $0.015 Key Support Levels: $0.012, $0.0106 TRX/USD. Source: TradingView The latest increase in Bitcoin’s price and volume has led...Read More
XRP surged by a strong 5% today as it reaches the $0.19 level. The cryptocurrency rebounded at the rising trend line this weekend, which allowed it to surge back into the $0.191 resistance today. Against Bitcoin, XRP is trading sideways between 2600 SAT and 2700 SAT. Key Support & Resistance Levels XRP/USD: Support: $0.182, $0.171,...Read More
The month of April so far seems bullish for Bitcoin. After starting the month at around $6200, the Bitcoin price quickly elevated to $6600 (April 1st) and built a ‘baseline’ around this price zone. At the same time, $6800 provided a tough resistance from the other side, and most of the time, Bitcoin was trading...Read More
The outbreak of the novel coronavirus (COVID19) caused serious turmoil in the global financial markets. According to a report by VanEck Global, an ETF and Mutual Fund Manager, during this crisis so far, gold correlates with Bitcoin increasingly in the short-term. Gold Correlates With Bitcoin Amid Coronavirus Outbreak Gold and Bitcoin are two assets that...Read More
Popular cryptocurrency commentator Tone Vays believes that Bitcoin has already reached its yearly bottom when it hit $3,700. He continued his positive prediction noting that BTC might not even dip below $6,000. Tone Vays: Bitcoin Already Bottomed The egregious circumstances caused by the COVID-19 pandemic led to extremely high levels of volatility in all financial...Read More
Amid the spread of the COVID-19 pandemic, world governments and central banks should focus on launching CBDCs, a BIS report suggested. By using digital currencies, people could avert cash, credit card terminals, or PIN pads – which may transmit the novel virus. Coronavirus And Money The COVID-19 outbreak took the world by storm. Over 1.2...Read More
Ethereum increased by 11% over the past 7-days as the cryptocurrency reaches $143. ETH broke above a consolidation pattern this week after rising above the upper boundary of a triangle at $140. Against Bitcoin, Ethereum is attempting to recover as it sets its sights toward the 0.021 BTC level again. Key Support & Resistance Levels...Read More
More and more financial experts are standing behind gold’s role in an upcoming economic turmoil. The merits and safe-haven status of the precious metal are aligning popular beliefs that it will outperform most (if not all) financial assets in the next few years. Gold To Stand Above All Whether or not the COVID-19 is the...Read More
Toilet paper isn’t the only thing people are hoarding during the coronavirus panic. In a sign of the times, FDIC Chair Jelena McWilliams literally asked Americans not to hoard cash under the mattress. That is not the message you want to turn on your television to hear the government telling people. Because that means it’s...Read More
The most popular U.S.-based cryptocurrency exchange, Coinbase, saw an increase of deposits and buy orders during the panic sell in mid-March. While customers were purchasing various digital assets, Bitcoin was the clear leader with the most buyers during the drop. Coinbase Reviews The March Panic Sell 12-13th of March marked one of the most violent...Read More
The past days were promising for Bitcoin: After finally succeeding in breaking the $6800 resistance mark, Bitcoin price had seen a decent run of $400 to the reach $7236 as the highest price since the March 12 collapse. As mentioned in our previous price analysis, while Bitcoin was trading around $6700: “we already identify bullish...Read More
Bitcoin had a relatively good week of trading as it recorded its highest price since the coronavirus crisis began in March. Yesterday, BTC peaked at above $7,200, marking an impressive daily run that sent the entire cryptocurrency market well in the green. The majority of altcoins were also charting double-digit increases. Since then, Bitcoin’s price...Read More
Bitcoin Bitcoin managed to increase by around 8% over the past 7-days of trading as the cryptocurrency climbed above crucial resistance at $6,800 today. Bitcoin had actually been trading within an ascending triangle and bounced from the lower boundary of this pattern 5-days ago, which allowed it to break above the upper boundary at $6,800....Read More
With the start of April, Bitcoin is entering its best performing quarter of the year. History shows in five out of the last six Q2s, the primary digital asset has been well in the green. This year’s Q2 marked a 10% increase in a few days as well, and the community wonders if another positive...Read More
Yesterday Cryptopotato reported on one of the most impressive acquisitions within the cryptocurrency field. Binance struck a deal for an undisclosed amount of money to acquire the most popular data monitoring resource – CoinMarketCap. Naturally, given CMC’s massive userbase, a lot of members of the crypto community began to wonder how this will impact the future...Read More
The dreadful situation in Spain caused by the COVID-19 outbreak is not delaying local authorities to send notices to taxpayers. Those include traders and investors in cryptocurrencies, who have quadrupled in the past year to 66,000. Spain To Tax 66k Crypto Investors The Spanish Tax Agency (Agencia Estatal de Administracion Tributaria or AEAT) began sending...Read More
The coronavirus continues to spread like wildfire, with almost a million people infected throughout the entire world. Gold and Bitcoin, however, are performing particularly well during the last two days. Their steady performance also comes in times when Wall Street crashes, summarizing a terrible first quarter, and thousands of people are losing their jobs. Gold,...Read More
A break above the 4-hours triangle pattern would confirm a fresh uptrend for Binance Coin. BNB bulls are waiting to take over the market after pushing relentlessly from three weeks low Binance Coin is holding tight above two weeks support across its trading pairs BNB/USD: BNB Waiting For Surge As Price Consolidates Key Resistance Levels:...Read More
Ethereum saw a 4% price increase over the past 24 hours as it reaches $138. The cryptocurrency had rebounded from support at the lower boundary of a triangle, and the latest price hike allowed it to reach the upper boundary. Against Bitcoin, Ethereum is attempting to recover as it sets its sights toward the 0.021...Read More
Yesterday we analyzed the current situation of BTC’s price. On the 4-hour chart, the symmetrical triangle pattern was about to break-down once reaching the lower ascending trend-line. However, Bitcoin held the support line nicely and since then, surged $600 in just a few hours. The triangle formation indeed broke-out but in favor of the bulls....Read More
