Another price dip is required before continuation, one trader says, giving a short-term target of $36,000 for BTC/USD. Bitcoin (BTC) edged closer to $40,000 on Thursday as bulls gathered increasing signals that the bottom is in. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC/USD to $36,000 next? Data from Cointelegraph Markets Pro and TradingView showed …
Continue reading “Bitcoin nears $40K amid warning BTC price will correct before bull market resumes”
Falling Ethereum gas fees, the launch of Convex Finance and the DeFi sector reaching a potential bottom back CRV’s impressive 150% rally since May 23. DeFi tokens and protocols took a heavy hit on May 19 as Bitcoin price dropped to $30,000 and while BTC has entered what some analysts describe as a ‘compression’ phase, …
Continue reading “Curve (CRV) sees 150% rebound as DeFi bottoms and ETH gas fees drop”
It could soon be a sea of green for Bitcoin and altcoins, sources argue, thanks to a convergence of data and the sheer power of memes. Bitcoin (BTC) is slowly but surely preparing to flash the “buy” signal, a key indicator suggests as a trading frenzy reignites memories of the GameStop debacle. In its latest …
Continue reading “AMC ‘meme stock’ frenzy may spill over to crypto as Bitcoin metric nears buy zone”
Miami Mayor Francis Suarez says he owns both Bitcoin and Ether but has been too busy to buy the recent dip. Francis Suarez, the crypto-friendly mayor of the city of Miami, may have further cemented his status as a cryptocurrency proponent. Appearing on the CNBC Squawk Box program, Suarez revealed that he owns both Bitcoin …
Continue reading “Miami mayor bought Bitcoin after Congress passed $1.9T stimulus bill”
Cryptology Asset Group wants to invest $100 million into new crypto and blockchain-focused venture funds. Cryptology Asset Group, a Malta-based investment outfit co-founded by serial entrepreneurs Mike Novogratz and Christian Angermayer, is set to offer support for crypto VC firms. In a release issued on Thursday, the European holding company announced plans to float a …
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The cofounder of Ethereum, Vitalik Buterin, recently discussed the highly anticipated full transition from a proof-of-work (PoW) consensus model to proof-of-stake (PoS) as its replacement. Buterin admitted at Hong Kong’s Startmeup HK 2021 Festival that the transition was taking too long and highlighted that it wasn’t technical problems but “related to people.” Buterin: ‘If You …
Binance Smart Chain (BSC) decentralized applications (dapps) have been hit with a number of flash loan attacks in recent weeks. According to collected data by Rekt, during the last 30 days BSC has lost a total of $167 million from these flash loan exploits. Flash Loan Hackers Prey on Binance Smart Chain Dapps – $167 …
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Malta-based cryptocurrency exchange, Binance, has reportedly extended its blockade of Zimbabwean users to include non-resident citizens. As a result of the new measures, all Zimbabwean nationals are now precluded from using the Binance trading platform. Zimbabwean Nationals Blocked Prior to the introduction of this new measure, Binance apparently allowed Zimbabwean nationals with non-Zimbabwean residential addresses …
Ethereum price has outperformed Bitcoin by 32% since May but derivatives data shows pro traders are feeling less bullish about the top altcoin. Ether (ETH) has outperformed Bitcoin (BTC) by 32% since May and even though there has been a steady flow of bullish reports from JPMorgan and Goldman Sachs, derivatives metrics show elements of …
Continue reading “Ethereum has strong fundamentals, so why are pro traders bearish on ETH?”
China’s southern Hainan province is the latest to warn investors against crypto-based fundraising schemes. Following China’s major regulatory crackdown on cryptocurrencies, financial regulators in Hainan, the smallest province in the country, reportedly issued a warning against crypto- and blockchain-focused illegal fundraising schemes. According to local reports, the Hainan branch of the People’s Bank of China …
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Bearish divergences and overbought conditions on the RSI are signals traders can look for when considering whether to close a position. A trade is profitable only if both the purchase and the sale are done at the right time. Many times, traders sell their positions too early and leave profits on the table or they …
Continue reading “Here’s 3 ways the relative strength index (RSI) can be used as a sell signal”
Tokenized Apple, Tesla and GameStop stocks have surpassed $1 million per day in trading on cryptocurrency exchanges Binance and FTX. Is tokenization of securities the way of the future? In an interview with Raiffeisen Bank International, the bankers leading its blockchain research hub stated that indeed, by 2030, most securities will have been tokenized. To …
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Cardano price is going from strength to strength as it reclaims $1.80 with the next stop looking like the psychologically all-important $2.0 mark. Cardano has suffered the least of the major altcoins in the wake of the May correction pain. The price nudged $1.88 today but has since given up some of those gains as …
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“Bitcoin $20,000 or $100,000 in 2021? Crypto Trend Is Upward,” wrote Bloomberg senior commodity strategist Mike McGlone. Despite a massive drawdown in May, the Bitcoin (BTC) bull market appears to be intact, with a $100,000 price target more likely than a retrace to $20,000, according to Mike McGlone, Bloomberg’s senior commodity strategist. $20K or $100K …
Regulatory hurdles and the economic impact of the pandemic have derailed some CBDC projects, but not all hope is lost. With the crypto market turning up its pace of growth over the last year and a half, the idea behind central bank digital currencies (CBDCs) seems to have gained an increasing amount of traction among …
Continue reading “The CBDC promised land: As some governments falter, others press on”
