CME Group is the largest institutional provider of Bitcoin futures contracts. However, according to a nominee for the upcoming Board of Directors election, the company should also focus on additional operations, including mining Bitcoin and other companies, to create additional value for its stakeholders. CME Group Should Start Mining Bitcoin Dante Federighi is a nominee...Read More
Litecoin increased by a small 7% over the last week of trading as it reached $40. The cryptocurrency has been trading within a rising wedge formation for the past 2-weeks. Against Bitcoin, Litecoin continues to create fresh lows each day during March. Key Support & Resistance Levels LTC/USD: Support: $39, $35, $32.50. Resistance: $42, $44,...Read More
XRP saw an 8% price increase over the last week as it trades for $0.161. The cryptocurrency is now trading within an acute ascending triangle pattern as it struggles to break above $0.171. Against Bitcoin, XRP created fresh lows for 2020 after breaking beneath 2455 SAT to reach 2360 SAT. Key Support & Resistance Levels...Read More
A significant number of Bitcoin investors transferred extensive quantities of their holdings to exchanges during the most notable price slumps in mid-March. Ultimately, most of their panic sales were at a loss, according to the Spent Output Profit Ratio (SOPR) indicator. Bitcoin Investors Rush To Sell In Panic The popular cryptocurrency monitoring resource, TokenAnalyst, studied...Read More
As Bitcoin continues to struggle to maintain the $6,000 price area, the formation of another technical pattern is raising some concerns. The cryptocurrency charted a Death Cross, which is something that should be taken into consideration, of course, as long as you follow technical analysis. The Third Death Cross Since 2018 Incoming First things first,...Read More
Twitter founder and CEO Jack Dorsey went on to found Square Inc. (NYSE: SQ) in 2010. It’s a payment processing company that made a credit card reader merchants could use with their smartphone to accept payments. But in 2015, Square took it a step further with the creation of Square Cash (now called Cash App)....Read More
Following the latest price actions, Ethereum is undergoing consolidation around $135 against the US Dollar Ethereum is primed for a massive gain, but the price is still captured in an ascending triangle pattern After breaking long-term support, Ethereum continued to drop and now faces another five-month support at 0.0195 BTC level against Bitcoin. ETH/USD: Ethereum...Read More
Over the past day, we saw the Bitcoin price trading inside the tight range between $6600 and $6800. A few hours ago, Bitcoin finally seemed to break successfully to the upside touching $7000; however, the primary cryptocurrency got rejected very quickly, plunging $400 immediately back inside the described trading range. Over the past weeks, we...Read More
The leading cryptocurrency exchange by volume, Binance, enters a new partnership with Brave Software. As a result, the users of the Brave browser will be able to seamlessly operate with cryptocurrency assets directly through a new on-browser feature called Binance widget. Binance Partners With Brave The two companies announced the collaboration in a press release...Read More
The latest break below the three-month support could send Ripple to 2000 SAT level against Bitcoin Ripple needs to climb above the triangle’s resistance ($0.173) before considering a strong bullish price action. Across trading pairs, XRP failed to maintain correlation following the recent crash as price now moves in the opposite direction. XRP/USD: Ripple Looking...Read More
Amid the latest price developments in the cryptocurrency market, Bitcoin’s dominance has increased to over 66%. Most alternative coins are in the red when compared to BTC’s 13% surge in the past 24 hours. BTC Dominance Rises BTC’s dominance index tracks the relative share of Bitcoin in the entire cryptocurrency market. During the numerous cycles...Read More
Two days ago, while Bitcoin was consolidating around the $6000 level, we had anticipated a huge price move coming up. Looking at the following 4-hour chart, we can see that Bitcoin had found support upon the mentioned 4-hour MA-50 line (~$5700, marked pink), and following another Fed’s announcement, broke above the short-term descending trend-line. In...Read More
Bitcoin is yet to reach its yearly bottom, at least according to a recent Twitter poll. Despite surging with 80% since the March 13th low of $3,700, the majority still anticipate new price declines in BTC’s future. Pessimism Across The Community March 2020 has been quite volatile for Bitcoin and the whole cryptocurrency market. The...Read More
The US Federal Reserve announced a new set of measures to help the market in the current ongoing crisis. Among these moves is an open-ended commitment to keep buying assets under the quantitative easing measures. The markets responded with an uproar, and Bitcoin followed, charting a quick 13% increase before retracing to its current levels....Read More
Tezos resumed bearish sentiment after meeting rejection at a crucial resistance area. Despite losing 3.5% today, the price of Tezos continued to find support at 2500 SAT level against Bitcoin There’s hope for the bulls if Tezos can clear the $1.8 resistance level. XTZ/USD: Tezos Remains Bearish Under $1.8 Resistance Key Resistance Levels: $1.80, $2...Read More
The coronavirus outbreak led to new developments and restrictions in the past 24 hours. The 2020 Tokyo Olympic Games could be postponed, while India inserts a lockdown on 75 districts in its borders. The financial markets reacted adversely today, as U.S. futures and Asian stocks nosedived by up to 10% in some cases. Bitcoin is...Read More
The outbreak of the novel coronavirus caused a massive sell-off in traditional markets. However, cryptocurrencies also declined notably, causing many to question Bitcoin’s positioning as a safe-haven asset. According to the popular on-chain analyst, Willy Woo, the largest cryptocurrency, as well as gold, might have already started to decouple from traditional assets. Will Bitcoin And...Read More
Ethereum decreased by 8.5% today as the cryptocurrency struggles to hold the support at the $120 level. This price drop is largely a result of Bitcoin falling below $6,000 as it returns to $5,800. Ethereum has been declining against Bitcoin all month as the buyers battle to keep the coin above the 0.021 BTC level....Read More
NYU economics professor Nouriel Roubini attacked federal stimulus legislation Sunday as a light on aid for workers. His remarks echo the response from several prominent Democrats, including Sen. Bernie Sanders, who is running for president in the Democratic primary, and Senate Minority Leader Chuck Schumer. Likewise, House Speaker Nancy Pelosi had objections to the Senate...Read More
XRP witnessed a small increase of 2.5% over the past 24 hours as it trades marginally below $0.16. The cryptocurrency fell from a high of $0.19 recently but managed to stay above $0.157 over the past two days. Against Bitcoin, XRP continues to struggle as the buyers try to keep it above 2525 SAT support....Read More
Over the past three days, we saw Bitcoin breaking above the $6,000 milestone, and even succeeding in breaking the next significant resistance at $6400 for a few hours, including toping above $7K on some exchanges. However, Bitcoin got quickly rejected and retraced back to the $6K range, yes, the same price range from the second...Read More
The novel coronavirus took the world by a storm like lightning from a clear sky. In a little more than a few months, over 200,000 people from across the globe got infected, while the death count continues to rise. This urged governments to take immediate action, and it feels as if the whole world is...Read More
The latest steep declines in Bitcoin’s price have pushed miners to switch off some of their equipment to reduce costs. Consequently, this slowed down the average daily block time by as much as 70%. Miners’ Response To The Price Drop Miners are the backbone of Bitcoin and any other Proof-of-Work-based cryptocurrency. They create new bitcoins...Read More
Efforts to contain the coronavirus pandemic have erupted into a disastrous and panicked shutdown of the economy by Western governments. The term “Marshall Law” (correct spelling: “Martial Law”) trended on Twitter last weekend. While many scoffed at this characterization of coronavirus containment efforts, it’s not entirely off base. In New York City, police can arrest...Read More
Ethereum dropped by a steep 13% over the past 24 hours as it falls beneath $130. The cryptocurrency failed to overcome strong resistance at $135, which caused it to roll over and fall. Against Bitcoin, ETH is struggling as it posted a fresh low for March at around 0.0203 BTC. Key Support & Resistance Levels...Read More
So far, the past month had seen some of the worst days in Bitcoin’s price history. Following the emerging coronavirus crisis, Bitcoin plunged from a high of over $10K in mid-February, to a current low of $3,600 reached March 12. Since then, the price had recovered to the $6,000 area, but March is not yet...Read More
This week was nothing if not tumultuous for Bitcoin. Last Friday, its price dropped a massive 40%, recording one of its steepest losses in history. However, throughout the past few days, Bitcoin managed to recover nicely, as it’s currently trading at above $6,000. One thing worth noting amid this crisis is the fact that Bitcoin,...Read More
If you want to find out the latest events that transpired in the past week in the world of crypto, here is our weekly news summary. Huobi Launches Liquidation Mechanism Huobi exchange revealed the implementation of a liquidation mechanism that would stop trading should prices if the volatility is too high. This addition was made...Read More
Bitcoin Bitcoin witnessed a 22% price increase over the past seven days as it bounced from the $5,000 level and climbed back above $6,000 to reach the current price of $6,500. It had found strong support at $4,800 during the March market crash and traded sideways between here and $6,000 for the past week until...Read More
Tezos saw a substantial increase following a four-day recovery from $1.2. Against Bitcoin, Tezos slightly bounce around 25000 SAT support after heavy correction, but bullish actions are still shaky. Tezos would confirm a trend reversal if the price can rise above the immediate resistance level. If the price drops beneath the weekly low, the XTZ...Read More
