Bitcoin is now facing three scenarios with the 20-week moving average likely playing a key role in determining which way the market goes in the next few months. Bitcoin (BTC) price is up 1.23% for today’s session at $9,175 having reclaimed the $9,000 handle, after briefly losing it and finding lows of $8,800. Overall, the […]
Continue ReadingA basket of one quant analyst’s favorite metrics is still overly bullish, casting aside this week’s Bitcoin price drop. Three new Bitcoin (BTC) metrics are pointing to the sky despite $10,000 staying out of reach for BTC/USD this week. As revealed by Timothy Peterson of asset manager Cane Island Alternative Advisors, as of May 21, […]
Continue ReadingThe price of Bitcoin is set to test lower levels as support after numerous attempts to break $10,000 have failed. Since May 20 Bitcoin (BTC) price has dropped nearly 10%, shifting traders’ focus from taking out the $10K resistance to now holding above the all-important $8,800 support. The short-term bearish trend took hold after the […]
Continue ReadingTraders fear Bitcoin could be entering a new bearish trend after the price dropped below $9,000 earlier today. The price of Bitcoin (BTC) dropped to as low as $8,900 on May 21 following a strong rejection of the $9,800 level. Traders say BTC’s breakdown from the $9,200 support level may lead to a renewed downtrend. […]
Continue ReadingCointelegraph interviewed merchants and executives from Crypto.com and Pundi X to learn about the current state of crypto payments for retail customers. Paying with crypto has long been at the center of the discussions of why cryptocurrencies exist and why they are useful. But despite promising growth and excitement during crypto’s bullish phases, payments with […]
Continue ReadingThe drop-off in Bitcoin mining revenue to 2019 levels show a macro bottom for BTC is near as the impact of the halving is starting to be felt. The revenue of Bitcoin (BTC) miners dropped to early 2019 levels for the second time in 2020. Every time it declined to a multi-year low, it marked […]
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Bitcoin price dropped nearly 5% after rejecting at a key resistance level again, is it a buy the dip opportunity? Within the last hour Bitcoin (BTC) price abruptly dropped 4.9% from $9,800 to $9,324. The sharp correction came after the top ranked digital asset on CoinMarketCap failed to push through the $9,900-$10,000 resistance zone. At […]
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According to a new report, African nations have the highest rates of cryptocurrency adoption throughout the world. A new report published by Arcane Research shows that African countries have some of the highest cryptocurrency ownership rates worldwide. South Africa ranked third throughout the world with 13% of its internet users owning or using cryptocurrencies. Nigeria […]
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Santiment has spotted bullish divergence between the price action and daily average users for MakerDAO’s token. Crypto market data analysis firm Santiment has published data suggesting bullish activity surrounding MKR — the token underpinning decentralized finance (DeFi) project MakerDAO. On May 20, Santiment published data indicating bullish divergence between the number of daily active MKR […]
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The recent golden cross between key moving averages has Bitcoin traders wondering if a strong upside move to $10,500 is in the making. Bitcoin (BTC) price remains in a somewhat neutral zone, caught between two highly consequential paths. For the past week, the top-ranked digital asset on CoinMarketCap has struggled to push above $9,900 in […]
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