Cryptocurrency Analysis and News Portal
Bitcoin defended key price support early on Thursday, strengthening the case for another move higher.Having faced rejection above $9,400 multiple times on Wednesday, the top cryptocurrency by market value came under pressure during the Asian trading hours today. Buyers, however, absorbed the selling pressure at $9,188, keeping the former resistance-turned-support
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Bitcoin Cash (BCH) proponent and former Bitcoin (BTC) evangelist, Roger Ver has withdrawn support for a proposed Bitcoin Cash miner tax following backlash from several BCH miners and investors. Bitcoin Cash Miner Tax Won’t Work Without Consensus In a blog post published by Bitcoin.com on Tuesday (January 28, 2019), Ver declared that
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Bitcoin price (BTC) closed the week at $8,180 representing an 11% gain for the week after struggling to break the resistance at $7,600 for most of November and December. The price is down around 1% on Monday but the bulls have retained the $8K handle.Total market cap excluding Bitcoin
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Binance coin price started a downside correction from well above $15.00 against the USDT. BNB price is now approaching a strong buy zone, which is likely to stage another rally.Binance coin price is trading below the $15.00 and $14.80 pivot levels against the USDT.Bitcoin started a major downside correction and
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Ethereum extended its decline below the $140 support versus the US Dollar, while bitcoin dived below $8,000. ETH bulls must protect the $135 support to start a decent recovery.Ether price failed to recover and declined further below $140 against the US Dollar.The price is currently approaching the main $135 support
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Major cryptocurrency lending company BlockFi has added support for two new assets to its list of supported digital currencies.According to a press release shared with CryptoX on Jan. 8, the firm has added major altcoin Litecoin (LTC) and USD Coin (USDC) — the dollar-backed stablecoin from major United States-based
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Kelly Loeffler, former CEO at the Intercontinental Exchange (ICE)-backed crypto trading platform Bakkt, has been sworn into the United States Senate.In a Jan. 6 tweet, Loeffler announced that she was sworn into the U.S. Senate by Mike Pence, the Senate’s chief officer, to become Georgia’s newest Senator.Loeffler casts first
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Today, Bitcoin (BTC) price abruptly dropped below the $7,100 support, declining 3.35% to rest near $6,900. For the past few days, Bitcoin price traded between $7,300 and $7,100, testing the $7,100 and $7,050 support multiple times. Therefore, for many traders, it was no surprise when the price fell below $7,100
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The US central bank’s effort to expand its balance sheet through a pseudo-quantitative easing program could prompt bitcoin to pursue its next bull run.Since October, the Federal Reserve has been buying $60 billion worth of T-bills every month. Moreover, the organization is purchasing another $20 billion in MBS and TSY
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When it comes to the crypto space, it should be noted that much of the progress that has been seen is primarily due to the existence of crypto exchanges, and perhaps the most influential among those is Binance. In a new development, the exchange has announced that Ethereum withdrawals and
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