Binance Coin rallied 151% since the crypto market crash on March 13 but will next week’s Binance IEO lead investors to push BNB prices even higher? Since dropping to a 2020 low at $6.34 on March 13, Binance Coin (BNB) has been on an absolute tear, gaining 151.48% to reach a 4-week high at $15.93. […]
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Most major cryptocurrencies are attempting to bounce off their immediate support levels, which is a huge positive as it suggests buying on dips. Famed investor Mike Novogratz believes that additional crypto adoption and more drastic central bank actions will benefit Bitcoin. The Galaxy Digital CEO said that hedge funds and high-net worth individuals have been […]
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Cameron Winklevoss has joined those who consider that the Covid-19 pandemic will irrevocably change Bitcoin’s profile. Bitcoin (BTC) will see a historic “inflection point” in its life thanks to coronavirus, says entrepreneur Cameron Winklevoss. In a series of tweets on April 12, one-half of the Winklevoss twins who own cryptocurrency exchange Gemini, underlined the importance […]
Continue ReadingSentiment among top Bitcoin traders remains mixed after BTC surged 5% to reach the $7,200 resistance level. The sentiment of top traders on the short-term trend of the Bitcoin price remains mixed after BTC surged by more than five percent within less than six hours from $6,840 to $7,200. Some prominent traders believe that the […]
Continue ReadingMost of the top five cryptocurrencies are attempting to form long-term bottoms, which are unlikely to be revisited after the next uptrend starts. Bitcoin and the crypto universe are going through one of the toughest periods as the world battles the coronavirus pandemic. The central banks and governments are trying to support the economy by […]
Continue ReadingThe price of Ripple’s XRP token is testing new multi-year lows as correlation with Bitcoin may be becoming inversely correlated. While Bitcoin (BTC) is currently showing weakness with the recent retracement from $7,500 to $6,900, XRP price is remaining relatively stable as the XRP/BTC pair is stabilizing. But it’s not only the price of XRP […]
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BTCs halving seems to be the only one on the minds of traders, with several forks correlating with BTC in the run-up to their halvings. With the halvings for Bitcoin Cash (BCH) and Bitcoin SV (BSV) failing to drive a surge in demand, it appears that their block halvings may turn out to be non-events. […]
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Bearish traders are aggressively defending the 50-day SMA on most major cryptocurrencies but once crossed, momentum is likely to pick up. Central banks around the world have pumped up their economies with huge stimulus measures. JPMorgan Chase’s chairman and CEO, Jamie Dimon, praised the United States for taking swift action to counter the current economic […]
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Bitcoin failing to break past critical resistance could see the leading digital asset revisit $3k levels over the coming weeks. Bitcoin (BTC) price has gained more than 10% in the last week, giving bulls some hope that the road ahead is a bright one for the leading digital asset. However, despite an effort to blast […]
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A big move is brewing as the price of Bitcoin is stuck against major resistance at $7,000 amid the coronavirus pandemic and increasing economic uncertainty. The price of Bitcoin (BTC) has seen a relatively stable week, as BTC/USD has been hovering between $6,000 and $7,300. However, due to the low volatility, the volume also diminished, […]
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