Bitcoin (BTC) shot to new highs of $42,400 on July 31 in a surprise attack on range resistance which sellers failed to squash. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin seals 10 green candles in first since 2012 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining for a tenth straight day across exchanges, …
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Bitcoin Price Prediction – July 31 At the moment, the Bitcoin price is seen dropping over 1.50% within 24 hours as it trades at the $41,605 level after touching $42,405. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $48,000, $50,000, $52,000 Support Levels: $37,000, $35,000, $33,000 BTCUSD – Daily Chart The daily chart …
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Bitcoin Price Prediction – July 30 As reveals by the daily chart, the Bitcoin price is making a come-back after touching the daily low of $38,342. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $44,000, $46,000, $48,000 Support Levels: $36,000, $34,000, $32,000 BTCUSD – Daily Chart Buy Bitcoin Now At the time of …
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Crypto hopefuls piled on to trading arenas en masse in 2021, logging on to exchanges, cranking up the leverage, and trying to achieve the obscure dream of making millions of dollars from a few thousand. The numbers are staggering as well. As crypto services company Crypto.com’s latest markets report shows, the total number of global …
Continue reading “Report shows Shiba Inu (SHIB), Dogecoin (DOGE) users led altcoin surge in 2021”
Analytics tool Nansen recently unveiled its non-fungible token (NFT) leaderboards and wallet profiler, a fun and comprehensive set of tools for examining top collectors’ behavior, while giving access to the best performing wallets and collections in ERC721. While radically broadening options of what can be represented as a token on the Ethereum (ETH) blockchain, ERC721 …
Continue reading “These NFT leaderboards reveal how DeFi players manage their portfolios”
On Tuesday, the New York Knickerbockers, in partnership with Sweet, launched the NBA team’s first-ever non-fungible token (NFT) collection. The NFTs feature limited edition digitally designed 3D game tickets made specifically for the Atlantic Division basketball team. With less than 24 hours left on the auction, the Knicks’ NFT sale has sold out a number …
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On Thursday, the Palo Alto-based automated investment service firm, Wealthfront Inc., announced that customers can now get exposure to crypto assets via the company’s platform. The firm revealed that clients can choose from two Grayscale investment trusts, as the company now offers investments in the Grayscale Ethereum Trust (ETHE) and the Grayscale Bitcoin Trust (GBTC). …
Paxos, a blockchain services and tokenization firm has added Coinbase Ventures, FTX, Bank of America, and Founders Fund as backers in its Series D funding round that started last April. These institutions were listed as “strategic investors,” but the amounts of their contributions were not disclosed. Paxos has now raised more than $540 million in …
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The best cryptocurrency to buy for long term returns is a must-have for savvy investors. These assets have strong fundamentals and are bound to keep growing in the future. Let’s explore a few cryptos that fall within this category. 1. Ethereum (ETH) Etherum’s growing importance in the booming decentralized finance (DeFi) subsector makes it one …
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Pantera Capital founder Dan Morehead is anticipating a $700,000 Bitcoin (BTC) price on the heels of rising adoption rates. Launched in 2013, Pantera Capital is a crypto asset management firm that currently oversees more than $2.8 billion in assets. ADVERTISEMENT In an interview on Yahoo Finance Live, Morehead outlines his bullish thesis, saying that …
Long stuck in the shadows of Bitcoin (BTC), Ethereum (ETH) finally took hold of the market in 2020 during the decentralized finance summer. Designed to recreate traditional financial systems with fewer middlemen, DeFi is now being used across lending, borrowing, and the buying and selling of tokens. The majority of these decentralized applications (DApps) are …
Continue reading “The future of DeFi is spread across multiple blockchains”
A new report issued by Crypto.com, a cryptocurrency exchange and fintech services firm, discovered that the number of people using cryptocurrencies has more than doubled since January, reaching 221 million last June. The report states that the rise of the defi movement, institutions like Tesla, Visa, Mastercard, and Microstrategy adopting cryptocurrency, and El Salvador establishing …
Gabriel Makhlouf, the governor of the Central Bank of Ireland (CBI), has published a blog post in which he shares his views on the digitalization of finance. While echoing concerns expressed by his counterparts regarding cryptocurrencies, the official has also highlighted some of their positives. Don’t Ignore the Positive Elements of Crypto Technology, Central Bank …
Ether (ETH) rallied 35% over the past ten days and reclaimed the critical $2,300 support, but the crucial $2,450 local top hasn’t been tested since June 17. Part of the recent recovery can be attributed to the London hard fork, which is expected to go live on Aug. 4. Traders and investors view the EIP-1559 …
Continue reading “Traders forecast $3K Ethereum price but derivatives data suggests otherwise”
Altcoin Daily host Aaron Arnold is listing five assets that he believes are primed to take off this August. First on the trader’s list is the flagship crypto Bitcoin (BTC). Arnold says that Bitcoin is experiencing an extreme supply crunch, which over time will send BTC’s price in one direction. ADVERTISEMENT “You love to …
