Archiv für Juli 2020
Ethereum is Touching a Key Resistance Level, and It Could Spark a Drop to $280
Ethereum is flashing signs of immense strength as it pushes up towards its high time frame resistance at $350 This level has long been a target that analysts have been setting their sights on, and it is likely that a heavy amount of selling pressure exists here Although over a macro time frame ETH is…
WeiterlesenGoldman Chief That Slammed Bitcoin Says Gold Has No Role For Clients
Months ago, Goldman Sachs made headlines across the Bitcoin community for saying cryptocurrencies are “not an asset class.” Now, the same Goldman exec that led the firm to that conclusion is also claiming that gold has “no role” in the portfolio of the wealthy. How does the investment chief’s criticisms of the precious metal stack…
WeiterlesenGoldman Manager Rejects Bitcoin’s Most Bullish Narrative To Date
Bitcoin over the last two weeks surged higher on fears of inflation caused by the Federal Reserve’s easing policies. The rally also appeared as the US dollar fell to its lowest level since 2018. Observers within the crypto sector noted that Bitcoin is rising out of the fears of dollar debasement. Meanwhile, a top Goldman…
WeiterlesenNeutrino USD (USDN) Offers a Safer Alternative to Tether
As the market capitalization of USDT and USDC keeps rising, recent asset freezes underline their inherent risks. Will these incidents cause more investors to turn to decentralized stablecoins, such as DAI and the stakable USDN? Since the start of June, Tether’s market cap has grown by 13%, and that of USDC Coin has finally crossed…
WeiterlesenBitcoin Looks Structurally Similar to Start of Rally to $20,000: Analyst
Despite the surge over the past few weeks, not all analysts are convinced Bitcoin is in a full-blown bull market. There remain commentators who argue that this move may just be a range deviation before a move back to the $9,000s, then lower. Stepping back, an analyst has found that Bitcoin’s chart looks structurally similar…
WeiterlesenBitcoin is Going to Hit $13,500 This Quarter; Analyst Explains Why
Bitcoin may continue its current bull run to hit $13,500 this quarter, according to a technical setup presented by analyst Vince Prince. The TradingView contributor showed the cryptocurrency inside a rising bull flag – an ascending channel pattern, stating it has the strength to break above it. Catalysts that further supported the upside bias included…
WeiterlesenA Major Source of Bitcoin Selling Pressure Just Disappeared, Boosting the Bull Case
The PlusToken Ponzi Scheme has long been a thorn in the side of the crypto market It now appears that the ring leaders behind the now-defunct scheme have all been arrested, meaning that they won’t be able to offload their massive crypto holdings Many analysts have pinned major selloffs in previous months on token sales…
WeiterlesenElrond Now Live on Mainnet with First App and New ERD Token Model
Elrond, the scalable blockchain that received an early endorsement from Binance, has today launched on mainnet. The project has also announced the launch of Maiar, a user-centric decentralized finance application, along with a new tokenomic model designed to create increased demand and drive value for the ERD token. Elrond concluded a successful IEO via Binance’s…
WeiterlesenAmpleforth (AMPL) Freefalls After Breaking Below $1; Will it Continue Dropping?
Ampleforth is currently caught in the throes of an intense downtrend that has caused it to decline significantly This comes as its economic structure begins having adverse impacts on its price action Analysts are widely noting that this sort of price decline is essentially by design, due to its elastic circulating supply Despite being designed…
WeiterleseneToro Announces Acquisition To Support Debit Card Launch
Global investment platform eToro today announces the acquisition of Marq Millions Ltd, the UK based e-money business. Marq Millions is now trading as eToro Money and will be the card issuer for eToro’s forthcoming debit card. Commenting on the acquisition, co-founder and CEO of eToro, Yoni Assia said: “We are proud to announce the acquisition…
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