Archive for July 2020
Ethereum‘s Breakout Rally Suggests Bitcoin is Poised to Explode Past $12,000
Ethereum and Bitcoin are both showing immense signs of strength today as they push towards their recently established key resistance levels ETH once again appears to be leading Bitcoin, as its large upwards price movements now tend to take place just before those seen by BTC This could prove to be incredibly positive for the…
Read MoreCredits Blockchain Launches Two Mobile Apps To Enhance Customer Experience
Credits.com, the blockchain-based payment system, launched its two innovative mobile wallets for iOS and Android users at once – the CS Crypto Wallet and the Credits Neobank. The company’s expertise enables it to better understand the users’ requests for providing a multi-functional service that meets security and efficiency issues. To create a smooth customer experience,…
Read MoreArbismart Crypto Arbitrage Returns Are the Best in the Digital Asset Market
Investing in any asset class can be risky. Especially when it comes to crypto-assets like Bitcoin. The price speculation and added volatility put the asset class squarely among the riskiest assets out there. Because these emerging assets are subject to wild price swings, crypto investors have turned to decentralized finance (DeFi) for added returns they…
Read MoreDigitex Launches Much-Anticipated Zero-Fee Bitcoin Futures Platform to The Public
Digitex Ltd has announced the launch of its hotly anticipated commission-free Bitcoin futures trading platform, Digitex Futures. In addition to the awaited debut, Digitex is hosting a launch celebration with an all-day trading event, and prizes totaling $250,000 in DGTX tokens and branded merchandise. Along with this, there will be online Q&A sessions between the…
Read MoreTextbook Bull Pattern Predicts Bitcoin Could Hit $14,000 in October
Bitcoin has pulled back after the explosion higher on Monday. The asset now trades at $10,900 as of this article’s writing, five percent shy of the local highs. A textbook bull pattern still predicts that BTC will hit $14,000 in the months ahead. This positive sentiment has been corroborated by prominent investors such as Mike…
Read MoreAnalyst Is Predicting a “Deepish Pullback” For Ethereum as Price Fails at $325
Even after a slight pullback from the local highs of $330, Ethereum remains one of the best-performing cryptos of the past week. According to Coin Market Cap data, the asset is trading for $324 on leading margin exchanges at the moment. This resilience has convinced some analysts that a move to $360, a critical resistance,…
Read MoreHere’s the Critical Level Bitcoin Needs to Hold Above to Maintain Its Momentum
Bitcoin has shown some slight signs of weakness today as its bull struggle to keep it above $11,000 It is important to note that today’s price action hasn’t done much to alter its market structure, although a continued bout of trading beneath this level could be a grave sign Analysts are now noting that the…
Read MoreHow “Picture Perfect” Macro Uncertainty Will Keep Gold, Bitcoin Trending
This week, the United States Senate introduced another stimulus package that would add more than $1 trillion to the Fed’s already ballooning balance sheet. In response, gold reached a new all-time high, and Bitcoin soared to $11,000. It has created what one analyst calls a “perfect” macro-economic environment for hard, scarce assets like cryptocurrency and…
Read MoreAfter Ethereum DeFi Gains 100%+, Vitalik Says Yield Farming Isn’t Sustainable
The biggest crypto narrative of the past few months has been the growth of Ethereum’s “decentralized finance” (DeFi). Tokens pertaining to this segment of the cryptocurrency market have surged literally hundreds of percent. Chainlink (LINK), for instance, is up by around 400% from the March capitulation lows. Other tokens are also up hundreds of percent…
Read MoreConservative Analysis Says Bitcoin Still in “Consolidation” Despite 20% Rally
Bitcoin has seen extremely strong performance over recent days, rallying 20% over the past seven days. As of this article’s writing, BTC trades at $11,250, slightly below the local high of $11,500 and above the Tuesday low of $10,600. The asset remains below crucial macro resistance levels despite the breakout. BTC needs to extend higher…
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