Cryptocurrency Analysis and News Portal
Bitcoin has come closer to forming a dreaded Wall Street chart pattern: the Death Cross.The bearish technical indicator materializes when an asset’s long-term moving average crosses above its short-term moving average.Its occurrence on Bitcoin daily chart in March 2020 led to a 55 percent price crash.A “death cross” pattern is
Read More
It’s been a brutal past 24 hours for Bitcoin.After attempting to secure $10,000 as support on June 10th, the cryptocurrency failed to do so, diving instead of rallying as most investors were expecting.The weakness culminated in a $1,000 drop lower on June 11th that took place over the course of
Read More
Dow Jones Industrial Average (DJIA) futures turned positive on Tuesday, erasing overnight losses. Contrary to yesterday’s bombshell threat, Chinese firms continued to purchase US agriculture products as normal. China appears to have walked back its threat to halt US soybean purchases and hold up its end of the phase one trade deal,
Read More
Venture capital firm Andreessen Horowitz thinks the past growth of social media, developers, prices, and startups among cryptocurrencies could mean a crypto cycle favorable to investors in the future.The United States-based company released a report on May 15 analyzing cryptocurrencies during three cycles, peaking in 2010, 2013, and 2017. According
Read More
On May 5, Venezuela’s government announced that its controversial oil-backed cryptocurrency, El Petro, would go offline for maintenance until May 10.However, observers have since identified that the official Petro block explorer now lists May 5, 2020, as the date that its genesis block was mined. Other block explorers record Oct.13, 2018,
Read More
One of the latest episode of "The Simpsons" aired has just aired featuring Jim Parsons of Big Bang Theory appearing as a guest star to explain cryptocurrencies and how a blockchain works.In the song and dance predicts cryptocurrency to be the future money, the animated ledger states: "Each day
Read More
Bitcoin hasn’t fared too well over the past few days, tumbling as low as $9,500 on Monday as sellers have started to liquidate their stacks en-masse. This meant that at the current correction’s worst, BTC was down just around 10% from the local $10,550 high that was set last week.While
Read More
Lately, Bitcoin (BTC) price has been trading in a range that favors bears and this has led traders to shift their focus to altcoins.Interestingly, there has also been some very volatile price action taking place over the past 24-hours, especially with Binance Initial Exchange Offerings (IEOs) like Matic Network
Read More
China has apparently decided to double down on its crackdown on cryptocurrency as the technology continues to gain more interest from the public. Risk alerts have been issued in major cities including Beijing, Shenzhen and Shanghai by the government about the illegal use of digital currency in activities such as
Read More