0x Price Hits Two-Year High on Hopes Falling Ethereum Fees Will Spur DEX Trading
Markets excited by the prospect of declining ETH fees may have caused a surge in 0x, an Ethereum-based DEX that will benefit from decongestion. Source
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2 Major Reasons Why Bitcoin Risks Falling Towards $8,500
A prolonged period of low volatility is setting Bitcoin towards a big price move. The short-term bias for the cryptocurrency remains neutral as it trades inside a $300 trading range. Nevertheless, three separate technical indicators put Bitcoin at the risk of breaking lower towards $8,500. Buckle up, Bitcoin traders! The sailing from here could
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Bitcoin’s Next Move Could Create a Liquidation Cascade Like “Dominoes Falling”
Bitcoin has been caught within an unrelenting trading range since the start of May. This range has primarily been established between $9,000 and $10,000, although the crypto has broken through both of these levels on a few brief occasions. Because bouts of volatility this low are typically followed by massive movements, it
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Altcoins Boosted by Bitcoin Dominance Falling to 10-Week Low
Bitcoin dominance has been caught in a descending channel since May when it reached 69%. At present, BTC represents 64.9% of the total cryptocurrency market cap, a 10-week low.Bitcoin dominance year to date. (Source: tradingview.com)The end of last month saw the start of a sharp down leg, which has had
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Restored Falling Wedge Pattern Sees Bitcoin Rising above $11,500
It appears Bitcoin missed a medium-term upside target above $11,500 after undergoing a significant sell-off in March 2020.The major northward move had appeared out of a Falling Wedge breakout.Bitcoin reentered the Wedge after the crash and followed it with a breakout towards a new bull target near $9,500.The cryptocurrency is
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4 Indicators Show Bitcoin Has a “High Chance” of Falling in Next 2 Weeks: Analyst
Bitcoin has mounted a strong recovery since the lows seen last week. The leading cryptocurrency traded as high as $9,750 on Saturday, over 13% higher than last weekend’s lows. Even still, there remain textbook technical indicators suggesting there is a “high chance” BTC sees a correction in the coming weeks. According
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Falling Wedge Breakout Propels Bitcoin Price Above Key Resistance at $9.2K
Within the past few hours Bitcoin (BTC) price managed to press through the $9,200 resistance level to $9,281. While the 2.58% gain may not be much to talk about, the move above the key resistance level is a step forward and the initial move to $9,180 closed the CME gap
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Bitcoin Risks Falling to $8K Ahead of June Due to These Technical Factors
Bitcoin price fell 9.9 percent last week to log its most significant decline since the second week of March 2020.The cryptocurrency rebounded higher in Europe and Asia session Monday after testing interim support near $8,750.The jump accompanied thin volume, raising the possibilities of a negative breakout ahead of June.Bitcoin was
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The Chinese Yuan is Falling Once Again — and That’s Key for the Bitcoin Bull Case
Last year, one of the biggest narratives in the Bitcoin market was that tensions between China and the U.S. — which culminated in a massive trade war — was pushing cryptocurrencies higher.Whenever President Donald Trump tweeted about U.S. relations with China, BTC responded, both rising and falling with the geopolitical
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US Military Is Falling Behind China, Russia in Blockchain Arms Race: IBM, Accenture
The U.S. Department of Defense can’t afford to lose the global military blockchain race to Russia and China, warns a new white paper by Amazon Web Services, IBM, Deloitte and others.Organized by the Value Technology Foundation think tank and co-authored by a smattering of private sector tech companies, consultancies and
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