The crypto markets are in a strong bull trend but the rally could hit rough weather as the uptrend begins to look overextended. The total crypto market capitalization has topped $300 billion for the first time since early-August of 2019. This shows that the bulls are back in action. Interestingly, it is not only the […]
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So far, 2020 has been a year of cryptocurrency regulation… Now, Australia has unveiled its five-year blockchain strategy. So far, 2020 has been a year of cryptocurrency regulation: The European Union, the United Kingdom and Singapore have officially introduced their approaches to the burgeoning industry. Now, Australia has published its national roadmap, hoping to become […]
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Two Crypto traders are optimistic on recent market price moves, with possible further upside to come. Beginning a rally at the start of 2020, Bitcoin (BTC) and the rest of the crypto market continue to fly upward, showing little signs of slowing down. The “crypto market is hot right now, and what stands out to […]
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Hearings in the Indian Supreme Court have opened a discussion between the crypto space and lawmakers on the tech’s potential in the country. India has developed a somewhat paradoxical relationship with cryptocurrencies, blockchain and other emerging technologies. On one hand, the Indian government is a huge proponent of distributed ledger technology, with several government-led initiatives […]
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A sudden upsurge of Bitcoin’s price to $10,000 can be narrowed down to three major factors. Since Dec. 18, 2019, in less than three months, Bitcoin’s (BTC) price surged by 68% against the United States dollar. It surpassed the $10,000 level on Feb. 9, marking the start of a full-blown crypto market rally for most. […]
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Bitcoin’s rally above $10,000 is likely to boost sentiment further, which could benefit the altcoins. Bitcoin has extended its strong run this year by a move above the psychologically critical level of $10,000. The positive sentiment in Bitcoin is leading the crypto space higher. In 2020, most major altcoins have been outperforming Bitcoin, which shows […]
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While it’s commonly believed that the price of ETH follows Bitcoin, research shows that ETH is an independent asset. Cryptocurrency market sentiment is often influenced by various factors, such as expert forecasts or political events. However, if analyzing on a wider time frame, it turns out that the prices of most cryptocurrencies — especially of […]
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This week the total value of USD locked in DeFi platforms topped $1 billion and Ether price broke through a key resistance to rally to a new 2020 high. Altcoin price action has been the talk of the town for the past two weeks — and for good reason. Since the start of 2020, altcoins […]
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BitMex Open Interest hits a new high at $1.5 billion as Bitcoin traders attempt to push the price above the $9.8K resistance. The bullish sentiment continues to build in the crypto market as numerous altcoins post double-digit gains on a daily basis. Bitcoin’s spot price (BTC) on crypto exchanges also continues to push higher with […]
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RBI’s legal counsel claims crypto can adversely affect India’s financial stability. Back in April 2018, the Reserve Bank of India decided to go ahead and issue a notice prohibiting all of India’s banking and financial institutions from offering their services to crypto exchanges, companies operating within the space, and individuals seeking to explore the nascent […]
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