Cryptocurrency Analysis and News Portal
Bitcoin avoided a major downtrend and recovered from the $8,680 support against the US Dollar. BTC price is trading above $9,000, but it must clear $9,300 to start a strong increase.Bitcoin is up more than 4% and it climbed above the $9,000 resistance.The price is trading well above the $9,100
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After holding under $9,000 for days on end, Bitcoin surged higher to hit $9,200 on Wednesday morning.It was a small move in percentage terms but still notable in terms of its technical significance. $9,000, after all, has been defined as a key level for Bitcoin both technically and psychologically.With the
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Bitcoin has been subject to troubling price action over the past week.Since the May highs of $10,000 established in the wake of the halving, the cryptocurrency has been in a clear downtrend, with BTC now trading at $8,800 as of the time of this article’s writing. At the local lows,
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After trading below $9,000 for over a day, Bitcoin finally pushed past that level just minutes ago. BTC has not seen a massive rally from the weekly lows of $8,600, but $9,000 is a key technical and psychological resistance, analysts say, making the reclamation of the level that much more
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Many lost jobs in the U.S. are unlikely to recover due to disruptions in supply chains and consumer demand. A study from the University of Chicago suggests that even a vaccine may not aid economic recovery. Nobel laureate Joseph Stiglitz predicts double-digit unemployment until 2022. When the U.S. recovers
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Facebook is at the forefront of encouraging permanent remote-working after the coronavirus pandemic. More tech firms are embracing this policy, meaning tech workers won’t have to live in expensive San Francisco. After disrupting entire industries in the past few decades, it’s now time for tech employees to face a
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The U.S. housing market is unexpectedly vibrant, given the economic fallout of the coronavirus. Redfin data shows bidding wars are surprisingly commonplace. Here are the real reasons why real estate looks so hot. Real estate brokerage Redfin published some astonishing housing market data this week. Not only has the
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AstraZeneca has announced that it will be distributing 400 million doses of Oxford University’s coronavirus vaccine from September. However, there are at least three reasons to suspect that the coronavirus vaccine may not work. No coronavirus vaccine has ever been produced, immunity may be short-lived, and it may actually
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Despite the ongoing retracement in the prices of Bitcoin, Ethereum, and other top cryptocurrencies, investors remain highly optimistic about this market. ETH, especially, has benefited from traders, with data from leading crypto exchange Bitfinex indicating that there are more long positions open for Ethereum than ever before.“What. Is. Happening. 2.2%
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Bitcoin hasn’t fared well over the past few hours.After holding the $9,800 support region for days on end, the cryptocurrency has plunged lower over the past 30 hours, reaching a low of $8,800 just minutes ago, according to TradingView.com data. This is the lowest Bitcoin has traded since May 13th,
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