Traders tend to focus too much on timing the right entry to a trade, but very few focus on developing a strategy for exiting positions. If one sells too early, sizable gains are left on the table and if the position is held for too long, the markets quickly snatch back the profits. Therefore, it …
Continue reading “This classic trading pattern signaled that Bitcoin price had hit a top”
Top crypto analyst and trader Michaël van de Poppe is discussing key Bitcoin (BTC) price levels as the flagship cryptocurrency consolidates above $33,000. In a new video, Van de Poppe says that although Bitcoin appears to be in a slight bullish period, especially in the wake of news that Tesla and SpaceX hold BTC on …
On Crypto Twitter, a surge of attention directed at a coin often comes in response to dramatic price action. Quite naturally, rallying assets attract the attention of traders and take over Twitter conversations, which can also create positive feedback loops that further prop up the momentum. This is exactly what happened with some of the …
Continue reading “Powered by the people: 3 altcoins whose tweet volume spiked before a strong rally”
Blockchain analytics firm Santiment is identifying what it sees as the five Ethereum-based (ERC-20) assets that have recently shown continued strength in terms of address activity. Santiment filters out any low-volume coins and includes only the top 200 cryptocurrencies on CoinMarketCap. ADVERTISEMENT The first coin on Santiment’s list is Small Love Potion (SLP). SLP …
An internationally recognized law firm has filed a securities class action lawsuit alleging that Coinbase made misleading statements during the crypto exchange’s initial public offering (IPO). Scott+Scott Attorneys at Law LLP filed the lawsuit against Coinbase in the California Northern District Court on Thursday on behalf of Coinbase investor Donald Ramsey, who was named individually …
Binance CEO Changpeng Zhao reportedly expects the crypto space to get hit with “heavy” regulations. Speaking at the annual blockchain virtual summit REDeFiNE TOMORROW 2021, Changpeng Zhao (CZ) indicates that Binance, which operates the world’s largest cryptocurrency exchange as well as an ecosystem of blockchain-based platforms and initiatives, such as Binance Academy, Binance Labs, Trust …
Continue reading “Binance CEO Reportedly Expects ‘Heavy’ Crypto Regulations”
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week SpaceX owns Bitcoin, Elon Musk and Nic Carter believe BTC …
Twitter CEO Jack Dorsey says that Bitcoin’s potential role in functioning as the internet’s native currency will help the social media company achieve its growth objectives. In a conference call during the release of Twitter’s Q2 2021 financial results, Dorsey spotlights three trends in tech that he believes are important for the future of the …
Continue reading “Jack Dorsey Says Bitcoin Will Help Twitter Do Its Job Better – Here’s Why”
Stone Ridge Asset Management, the alternative investment manager behind New York Digital Investment Group, has filed a new prospectus with the United States Securities and Exchange Commission, or SEC, to add Bitcoin (BTC) to its open-end mutual fund. The prospectus for Stone Ridge Bitcoin Strategy Fund appeared on the SEC website on Friday, though the …
Continue reading “$10B asset manager registers new Bitcoin fund with SEC”
Bitcoin (BTC) touched $34,000 on July 24 after the latest resistance flip held to propel the market higher. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin battles $34,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD just hitting the $34,000 on Bitstamp on Saturday before returning to linger around $200 lower. The past 24 hours …
Continue reading “Bitcoin price hits $34K as trader forecasts fresh weekend resistance showdown”
Veteran crypto trader Tone Vays is weighing in on the state of Bitcoin (BTC) and whether or not its recent strength is just a head fake before a bigger leg down. In a new strategy session, the analyst says that he’s open to the possibility that Bitcoin won’t see another low this year. Vays says, …
For millennia, the world of art has remained unchanged for the most part. The tradition has always revolved around artists selling their work to museums, galleries, or individual collectors. In return, the artist would get a market value for their work which was often kept in private vaults and only displayed to the public ever …
Continue reading “The future of art? World-famous artists delve into NFTs”
Bitcoin’s (BTC) latest rebound from below $30,000 has increased its prospects of extending its retracement move higher, at least according to one classic technical pattern. Dubbed as Broadening Formation, the megaphone-shaped pattern appears when the price moves inside two diverging trendlines. Investopedia states that a broadening formation represents disagreement over the next potential bias among …
Continue reading “Bitcoin price hints at ‘megaphone’ bottom pattern, and a breakout toward $40K”
Top crypto exchange Coinbase is adding support for three new assets and could be listing 16 other assets. This month, Coinbase announced that it is enabling trading for web-2.0-to-3.0 bridge Mask Network (MASK), decentralized forum board Rally (RLY) and decentralized finance (DeFi) asset Clover Finance (CLV). ADVERTISEMENT The three additions come on the heels …
While serious institutional interest in crypto is perhaps becoming more of an established trend than an emerging narrative, the focus of big-money players is usually on Bitcoin (BTC). However, assets like Ether (ETH) and decentralized finance (DeFi) are beginning to pique the attention of major investors. For Siam Commercial Bank (SCB), DeFi is a major …
Continue reading “DeFi industry draws in commercial banks? Siam bets with $110M fund”
