Bitcoin’s trajectory on a macro level is generally up Anyone who has held Bitcoin for 3.25 years has made money Bitcoin has only printed one calendar year with a lower low Holders who are tempted to sell right now, are advised to resist the urge to close down positions Bitcoin has rebounded from yesterday’s low …
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Iranian authorities have so far authorized 30 facilities for cryptocurrency mining. The crypto mining farms are spread across several regions, including Tehran Province. The government has put out the data amid a crackdown on illegal miners in the country. A Third of Authorized Mining Farms Are Based in Two Provinces The Iranian Ministry of Industries, …
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Tesla CEO Elon Musk and Twitter CEO Jack Dorsey have agreed to have “the talk” at the bitcoin event called “The B Word,” which aims to show institutional investors how they can embrace bitcoin. Elon Musk vs. Jack Dorsey at Bitcoin Event Tesla and Spacex CEO Elon Musk and Twitter and Square CEO Jack Dorsey …
The chief investment officer of asset management firm Guggenheim, Scott Minerd, thinks he knows where the real bottom of bitcoin’s price is. He warns that the price of the cryptocurrency could fall to the $15K level. Guggenheim’s Scott Minerd Sees Bitcoin Bottom The chief investment officer (CIO) of Guggenheim Partners, Scott Minerd, is back with …
Real-world use cases and delivered value are important when evaluating the long-term prospects of a cryptocurrency project, and this is especially true in down markets when sentiment is low and the possibility of an extended bear market is a reality. One project that has been gaining momentum over the past month despite the market-wide downturn …
Continue reading “3 reasons why Quant (QNT) price rallied 125% this week”
Returns Lowering in Values – June 26There have been returns to lowering in values of market activities that feature between Ethereum and the US Dollar. As of the time of writing, the crypto’s value stands around $1,767 at the rate of around -2.37 percent. Returns Lowering in Values: ETH MarketKey Levels:Resistance levels: $2,000, $2,500, $3,000Support …
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Cryptocurrency trader and analyst Ben Armstrong believes that the battle for dominance among smart contract blockchains is well underway. In a video, Armstrong says Solana (SOL) and Elrond (EGLD) are the newest blockchain platforms that could “possibly unseat the big boys” such as Ethereum (ETH), Cardano (ADA), Polkadot (DOT) and Binance Smart Chain. The cryptocurrency …
On the tails of a warning from Japanese regulators on Friday, Binance has announced in a short statement yesterday that it will cease providing services to users located in Ontario. “As part of our continuing compliance efforts, Binance has updated its Terms of Use to provide that Ontario (Canada) has become a restricted jurisdiction, effective …
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One of the most common errors traders make when analyzing cryptocurrency markets is taking an exchanges’ bid and ask data and traded volumes at face value. When doing this type of analysis, the trader has to exclude the trading venues mentioned on multiple ‘fake trading volumes’ reports, like the one Bitwise published in March 2019. …
Continue reading “Data fails to conclude that Bitfinex shorts are depressing Bitcoin price”
Bitcoin Price Prediction – June 25 The Bitcoin price moves below $32,000 as the king coin is likely to climb steadily with a few downward moves. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $37,500, $39,500, $41,500 Support Levels: $26,500, $24,500, $22,500 BTCUSD – Daily Chart Buy Bitcoin Now In recent days, BTC/USD …
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Bitcoin (BTC) In a Tight Range as Bears Threaten to Short – June 26, 2021 BTC/USD – Daily Chart Buy Bitcoin Now BTC/USD has fallen and it is fluctuating above the critical support of $31,000. Bitcoin is at great risk of a possible breakdown if sellers break below the current support level. Fluctuation above a …
Just before the Financial Action Task Force (FATF) published the organization’s 12-month review, a working group called the Travel Rule Protocol (TRP) released its 2.0 version of the TRP crypto application programming interface (API) in order to “simplify the end-user crypto exchange experience.” TRP is backed by big banks like Fidelity Investments, Standard Chartered, and …
The blockchain intelligence and surveillance firm Chainalysis announced the company has raised $100 million in Series E funding from investors such as Coatue, Benchmark, Accel, Addition, Dragoneer, Sequoia Heritage, and SVB Capital. The financing brings the company’s valuation to $4.2 billion and it aims to expand its resources and deepen data to cover more cryptocurrencies …
Crypto analyst and trader Lark Davis thinks Ethereum (ETH) is massively undervalued with the potential to explode in the coming years. In a new video, Davis compares Ethereum to PayPal, showing that Ethereum is already far outpacing the payment giant despite its smaller size in terms of market capitalization. ADVERTISEMENT “Now, PayPal is one …
The chief investment officer of crypto investment firm Arcane Assets, Eric Wall, says that Chinese miners are most likely not the primary contributors to the recent bearish price action of Bitcoin. In a tweet, Wall argues that the amount of Bitcoin that Chinese miners could have sold is just a fraction of the market’s daily …
