Cryptocurrency Analysis and News Portal
The past 24 hours have been explosive for the Bitcoin market. Ever since breaking past $7,800 on Wednesday morning, the cryptocurrency has been in a nearly unstoppable uptrend, rallying past resistance after resistance in the $7,000s, $8,000s, then most recently, the ever-important $9,000 level.This steep uptrend comes on the back
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Bitcoin (BTC) price has secured another higher high at $7,863 as traders continue to press for a break of the resistance at $8,000. With just 13 days left before mining reward halving investors are hopeful that the top-ranked cryptocurrency on CoinMarketCap can at least break above the 100-day and 200-day moving
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BitMEX, one of the world’s biggest crypto derivatives exchanges, is still struggling to recover from a major market sell-off that followed the Black Thursday crash in March.According to an April 21 report by crypto analytics firm Coin Metrics, BitMEX has continued losing in both open interest and volume for Bitcoin
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Ripple’s native token XRP was the worst performing large cap token in 2019 — and 2020 isn’t looking much better so far.Crypto analytics firm Messari this week released data showing XRP was the worst-performing crypto asset in the top 25 coins by market cap in the first quarter of
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The People’s Bank of China held a teleconference on April 3 in Beijing, China. One of the main points confirmed during the call involved the institution’s continued research and development of a central bank digital currency, or CBDC.CBDC development is one of the bank’s top priorities The meeting summarized the
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According to a report published by The Block, on March 28, 2020, premier cryptocurrency Bitcoin (BTC) continues to struggle to establish its “safe-haven” status amid the ongoing financial crisis courtesy of the devastating COVID-19 pandemic. Bitcoin “Safe-Haven” Status a Distant Dream? Launched in a bid to not allow an encore of the
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Over the past few days, the ex-Steem blockchain community has gained an upper hand over Justin Sun and his recently acquired Steemit startup. After blaming Sun for attempting to centralize their network, a substantial part of the original Steem community successfully launched a hard fork called Hive. Steem stakeholders are
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While the cryptocurrency community deals with floundering market prices, the billion-dollar Kleiman v. Wright Lawsuit continues in Florida. On March 17, a
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Crypto derivatives provider Bakkt raised $300 million in its latest financing round even as its core portfolio asset bitcoin suffered huge losses amidst the Coronavirus-led sell-off.According to the announcement, penned by Bakkt’s CEO Mike Blandina, Intercontinental Exchange, PayU, Microsoft’s M12, Goldfinch Partners, Boston Consulting Group, Pantera Capital, and CMT Digital all
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Highlights:Booming global panic could prompt Bitcoin traders to break long-term support trendline.A key technical indicator is confirming a breakdown towards $6,500, bitcoin’s reliable price floor during the 2018 crash and also the 2019’s bottom.Bitcoin is risking declines to as low as $6,500 as panicked sellers threaten to break a long-term
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