Cryptocurrency Analysis and News Portal
Amazon is increasingly encroaching on space occupied by Tesla. The online retailer has invested in electric and autonomous car startups. For the newly minted conservative, Elon Musk’s solution may lie with Democrats. More than two decades after launching as an online retailer, Amazon (NASDAQ:AMZN) is now in nearly every industry ranging from entertainment
Read More
Bitcoin is currently correcting higher from $8,645 against the US Dollar. BTC price needs to clear the $9,100 resistance area to start a strong upward move and avoid a major downtrend.Bitcoin is facing a couple of key hurdles near the $9,000 and $9,100 levels.The price must settle above the 100
Read More
Since May 20 Bitcoin (BTC) price has dropped nearly 10%, shifting traders’ focus from taking out the $10K resistance to now holding above the all-important $8,800 support. The short-term bearish trend took hold after the top-ranked crypto-asset on CoinMarketCap experienced repeated rejections near the $10K mark, which took the form of
Read More
Since the market rout on March 12, otherwise known as ‘Black Thursday,’ bitcoin futures and options contracts have seen significant demand. On May 14, CME Group saw the total number of outstanding derivatives contracts (open interest) touch a high of $142 million. Four days later, CME broke records again.
Read More
Over the past few days, Bitcoin has struggled to cross $10,000. Just yesterday, the cryptocurrency was rejected from the key resistance for the second time in a week, plunging to $9,200 just hours after it failed to break into five digits.But analysts are becoming convinced that Bitcoin is poised to
Read More
Ethereum is down more than 10% from the $190 swing high against the US Dollar. ETH price is currently consolidating above $165 and facing key hurdles near the 100 hourly SMA.Ethereum declined sharply below the $175 support and tested the $165 zone.The price is currently consolidating losses and it might
Read More
The cryptocurrency and equity markets have seen a relatively stable week, as the volatility and volume drained away from both markets. Bitcoin (BTC) has been moving between $6,600 and $7,300 and hasn’t been showing direction. On the other hand, the volume is starting to drop significantly in the markets. Such a
Read More
Block.one, the company that developed the backend of the EOS network, is now taking a much more active role in it. Its stake of EOS tokens, previously left unused, will be used to vote for block producers (BP), according to an April 8 announcement.The EOS network runs on EOSIO,
Read More
Bitcoin is up more than 2% and it is gaining bullish momentum against the US Dollar. BTC price is likely to surge 4%-5% if it clears the main $7,000 resistance area.Bitcoin is showing a lot of positive signs above the $6,700 support against the US Dollar.The price is approaching the
Read More
The price of Bitcoin (BTC) has seen a relatively stable week, as BTC/USD has been hovering between $6,000 and $7,300.However, due to the low volatility, the volume also diminished, which is a sign of a big move in the works. What can be expected of the markets while the
Read More