A high-profile analyst is doubling down on his massive XRP bet for this bull cycle even if the seventh-largest crypto asset is showing signs of uncertainty. Pseudonymous analyst Credible Crypto tells his 220,700 Twitter followers that he believes XRP could be bottoming out against Bitcoin (XRP/BTC) as it finds support around 0.000015. ADVERTISEMENT “Some …
Monthly archives: June 2021
Strong Hands Accumulating Bitcoin in Massive Amounts, According to On-Chain Analyst Will Clemente
Closely-followed analyst Will Clemente says he’s seeing on-chain signals indicating that strong hands are aggressively buying the Bitcoin dip. Clemente tells his 123,400 Twitter followers that in the past month, long-term holders have quietly accumulated massive amounts of BTC to offset the selling of short-term holders. ADVERTISEMENT “In the last 30 days, long-term holders …
Bitcoin short-term setup is challenging, JPMorgan strategists warn
Bitcoin’s (BTC) weekend dance between $30,000 and $34,000 seems to strengthen the short-term uncertainty narrative, as JPMorgan strategists believe the cryptocurrency market is not yet healthy. A Friday note from the JPMorgan Chase team suggested that the near-term setup for Bitcoin still looks challenging. Based on the on-chain data, JPMorgan strategists said that “there is …
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Biggest ever mining difficulty drop: 5 things to watch in Bitcoin this week
Bitcoin (BTC) starts a new week with a key weekly close under its belt and everything to play for — can it hold higher? After the weekend saw moderate volatility, including a retest of $30,000 support, BTC/USD is back above $35,000. Despite the negative press, FUD and miner shake-up from China, the latest BTC price …
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Billionaire vows to spearhead Mexico’s first Bitcoin-friendly bank
The third richest man in Mexico, Ricardo Salinas Pliego, has doubled down on his support for Bitcoin, revealing plans to open the first BTC accepting bank in the country. On June 27, the Mexican billionaire tweeted his support for the widespread adoption of BTC, noting that his bank is “working” to become the first in …
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Index Coop to include BadgerDAO in DPI DeFi index from August
BADGER, the governance token of Ethereum-powered Bitcoin yield protocol, BadgerDAO, will be included in Index Coop’s DeFiPulse Index (DPI) token from August. Index Coop announced the news on June 26, noting BADGER’s inclusion would be pushed back by one month due to prioritizing other upgrades. Slight Correction DeFi Pulse Index has added $BADGER to the …
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Despite regulatory uncertainty, Indian crypto investment surges 19,900% in one year
Despite India’s uncertain regulatory climate regarding crypto assets, nationwide investments in digital assets have increased by roughly 19,900% over the past year. According to data from blockchain analytics firm Chanalysis that was reported by Bloomberg on June 28, crypto investments increased during mid-2020 before going parabolic as the markets surged into new all-time highs towards …
French court sentences BTC-e operator Alexander Vinnik to 5 years
A court of appeals in Paris has upheld the five-year prison term in the case against BTC-e operator Alexander Vinnik. The court upheld a December 2020 verdict and prison sentence, finding that Vinnik/BTC-e had committed money laundering as part of an organized criminal group, and provided false information about the origin of the proceeds. The …
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Oracle Vinny Lingham Still Envisions $100K This Year if Bitcoin ‘Continues to Hold $30K’
The former CEO of Gyft and the cofounder of the project Civic, Vinny Lingham has been called an ‘oracle’ at times for correctly predicting the future price of bitcoin. On various occasions all the way back to 2016, Lingham has made correct bitcoin price calls over the years. Even though bitcoin’s price has been lower …
Mexico’s Third Richest Man Recommends Bitcoin, His Bank Is Working to Accept BTC, Says Fiat Money Is a Fraud
Ricardo Salinas Pliego, Mexico’s third-richest man and founder of Grupo Salinas, sees bitcoin as an asset with extraordinary properties, describing the cryptocurrency as “gold for the modern world.” He recommends bitcoin, thinks that fiat money is a fraud and the idea of the U.S. dollar being a hard currency is a joke. Mexico’s Third-Richest Man …
John McAfee’s Hideout Was a Secret Bitcoin Mining Farm
John McAfee was reportedly hiding out in a Spanish “ghost hotel” with a bitcoin mining farm in the basement prior to his arrest. Clues from images and messages the antivirus tycoon posted on social media point to a semi-abandoned hotel owned by a Russian. ‘Ghost Hotel’ With Bitcoin Mining Farm After John McAfee was reportedly …
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Crypto Industry Will Benefit From Tighter Regulation, Says Law Professor
The chairman of International Banking Law and Finance at the University of Edinburgh, professor Emilios Avgouleas, says that tighter crypto regulation will benefit the industry in the long run. He is bullish about the prospects of cryptocurrencies becoming widely used around the world. Tight Regulation Good for Crypto Industry Professor Emilios Avgouleas talked about how …
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Bitcoin (BTC/USD) Gaps Northbound Slightly
Bitcoin Price Prediction – June 28The trading activity between Bitcoin and the USD fiat currency now slightly gaps northbound to trade around the value of $34,458 at a positive percentage rate of about 5.25. BTC/USD Market Key Levels:Resistance levels: $37,500, $42,500, $47,500Support levels: $30,000, $27,500, $25,000 BTC/USD – Daily ChartThe BTC/USD daily chart currently depicts …
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4 ways investors use support and resistance levels to make better trades
Trading should just be a simple process of buying low and selling high but for many investors the process is more akin to rocket science. One of the most basic and easy-to-understand strategies that can help accomplish this is to identify an asset’s support and resistance levels. Once traders can spot the support and resistance …
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Here’s When Bitcoin Will Zoom Past $100,000, According to Crypto Veteran Who Accurately Called 50% Drop
Crypto veteran Bobby Lee says Bitcoin’s recent 50% collapse from all-time highs does not mirror market tops of the past. In a new interview with Luke Martin of Venture Coinist, Lee, who accurately called for a 50% drop in BTC once it approached the $70,000 level, is discussing when we can expect Bitcoin to catch …