Cryptocurrency Analysis and News Portal
There have been many analysts over recent weeks arguing that Bitcoin is clearly at a market top. As NewsBTC covered two weeks ago, one trader commented that the cryptocurrency is trading in line with a textbook “distribution” pattern.“A couple more clues developing that lend themselves to HTF distribution. 1. Rising
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The U.K.’s Financial Conduct Authority (FCA) says the number of British people buying Bitcoin doubled in a year. In a research paper, the authorities said 2.6 million people bought cryptocurrencies at some point.In large part, the FCA’s stance towards crypto assets remains neutral. The regulatory body said that it believes
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Within the last hour Bitcoin (BTC) price dropped below $9,000 to a daily low at $8,813. Since June 24 Bitcoin price has been losing momentum while pinned below the 20-MA and today’s drop to $8,813 coincided with a surge in sell volume. Crypto market weekly price chart. Source: Coin360As discussed in
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The past few weeks have seen Bitcoin stall in the $9,000s as bulls have failed to maintain the pressure they applied starting after March’s crash.With the indecision in the cryptocurrency market and global markets more broadly, investors have been deliberating purchasing BTC in the $9,000s or waiting for a retracement
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Though at the moment Bitcoin price is far away from its all-time high, some analysts expect a bull run in the near future.The subject of volatility surrounding the world’s largest digital currency Bitcoin keeps the crypto world optimistic about the coins’ next bull run. Currently trading at $8,124, down by
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Shares in Grayscale Investments’ Ethereum Investment Trust, or ETHE, are trading at a 750% premium over the market rate of their underlying asset on the secondary markets, according to data published by crypto analysis firm Messari.The premium on Grascale’s fund has aggressively widened since the start of the year, with
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The possibility of mass adoption, or at least mass awareness, of crypto was on the agenda today with the integration of a crypto payment option for vending machines in Australia and New Zealand and the announcement of a coming feature film looking at the Winklevoss twins’ involvement with crypto. Elsewhere,
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[sociallocker id="55298"] Bitcoin & Black America author Isaiah Jackson says that people invoking Bitcoin during the protests over the police killing of George Floyd have identified the “real enemy” — a legacy financial system that shuts out African Americans. Jackson spoke to Cryptox on June 4, saying he welcomed pictures on
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After breaking out past $250 on June 1st, Ethereum saw a harsh rejection on June 2nd. The asset fell from over $250 to $225 in a matter of minutes, crushed as Bitcoin slipped by a similar amount on top exchanges.Despite this strong drop, analysts assert that bulls still remain in
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EA is postponing the Madden NFL 21 reveal initially scheduled for today. EA notes the ongoing protests across the US as the reason behind the decision, noting that current events are ‘bigger than a game.’ Fans have reacted with a mixture of understanding, disappointment, and disdain as many call out the hypocrisy
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