Bitcoin (BTC) is knocking at the doors of the key $50,000 level and most traders are still optimistic even after the digital asset rallied 70% from the July 20 low at $29,278 to an intraday high at $49,757.04 on Aug. 21. Monitoring resource Material Indicators pointed to a lot of puts at the $50,000 strike …
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Bitcoin (BTC) Shows Inadequate Strength at $50,000 as Bitcoin Slumps – August 22, 2021 BTC/USD – Daily Chart Buy Bitcoin Now Following the breakout at the $48,000 resistance, BTC price is making a series of higher highs and higher lows as it retests or breaks the $50,000 price level. On August 20, BTC’s price made …
Bitcoin Price Prediction – August 21 The Bitcoin price prediction forms another higher-high as the bulls are aiming for the resistance level of $50,000. BTC/USD Long-term Trend: Bullish (Daily Chart) Key levels: Resistance Levels: $54,000, $56,000, $58,000 Support Levels: $45,000, $43,000, $41,000 BTCUSD – Daily Chart Buy Bitcoin Now BTC/USD has resumed its upward movement …
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Bitcoin Price Prediction – August 21The BTC/USD market operation averages $50,000 as the price keeps the trading situation in the bullish channel trend-lines. The crypto’s percentage rate of trading is put at -0.88 to trade around the $48,911 line. BTC/USD Market Key Levels:Resistance levels: $52,500, $55,000, $57,500Support levels: $45,000, $42,500, $40,000 BTC/USD – Daily ChartA …
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Baby Doge is among the newest cryptocurrencies in the market. The coin came into the limelight after being mentioned bySource: Tradingview BabyDoge made a massive rally in July after Musk endorsed it. However, the gains made during this period were too high that the meme coin could not maintain them. Massive selloffs after the coin …
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The decentralized finance (DeFi) sector is being faced with increased competition from different parties. Various networks such as Polkadot have sprouted up to offer a more scalable approach compared to Ethereum. With the Ethereum 2.0 upgrade being months away, these platforms are well-positioned to benefit in the short term. Polkadot is trading at $28.02 at …
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Altcoins are currently not mimicking BTC’s trend as they have done in the past. Bitcoin has managed to almost touch $50K for the first time since the market dipped in May. However, these gains have not been reflected in the broader market, given that most altcoins are either consolidating or trading in the red zone. …
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Bitcoin is heading the crypto charts, given that it is almost touching $50K. However, this uptrend has not prevented altcoins from stagnation or dips. Dogecoin has failed to create any new highs in the past day, and instead, it has dipped to significantly low levels. Despite these dips, the bullish sentiment is still at play. …
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The mayor of Cool Valley, Missouri is reportedly raising funds to distribute Bitcoin (BTC) to the city’s residents. According to KSDK News, Mayor Jayson Stewart wants to give $1,000 worth of Bitcoin to each of the city’s 1,500 inhabitants, as he sees the value of the benchmark crypto surging in the coming years. ADVERTISEMENT …
Today’s consumers are willing to trade their data for personalization but have fast-growing concerns about data privacy. In a survey from a digital security and credential issuance company Entrust, only 21% of the respondents trust established global brands to keep their personal information secure. As data privacy pressure on Big Tech increases, these companies are …
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Closely followed trader and crypto analyst Benjamin Cowen says that he sees a threat that could foil Cardano’s (ADA) bullish setup. In a new strategy session, Cowen tells his 497,000 YouTube subscribers that ADA’s bullish sentiment continues to build as the third-largest cryptocurrency prints a fresh all-time high of $2.58. ADVERTISEMENT “For now, I …
Global cryptocurrency exchange Binance is rolling out immediate verification requirements for all its users in support of its expanded know-your-customer (KYC) policy and anti-money-laundering efforts. In a recent statement, the firm says that it’s tightening customer verification to make Binance a safe crypto platform. ADVERTISEMENT The crypto exchange says it is requiring all of …
Cryptocurrency brought us peer-to-peer payments that continue to elevate participation in the global economy for millions of people without access to traditional banking services. The rise of decentralized finance (DeFi) promises to further expand access to financial services, including savings, lending, derivatives, asset management and insurance products. This innovation, which empowers financial inclusion, should be …
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Bitcoin (BTC) edged closer to $50,000 on Aug. 22 as concerns over a bearish downturn made a timely reappearance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Modestly bearish” signs accompany $50,000 run-up Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting a high of $49,830 on Bitstamp Sunday — itself a three-month record. The weekend …
At the start of 2021, the cryptocurrency industry was bursting with news of increased institutional investment, and this is still largely true. Despite reports suggesting increased outflows from institutional investors, net inflows are still very much positive. Additionally, though Bitcoin (BTC) appears to be the investment of choice for liquidations, institutional investment into Ethereum (ETH) …
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