According to the Coin Metrics report, stablecoins’ transfer value hit an all-time high following the crypto bloodbath on March 12. Blockchain analysis company Coin Metrics has found that while Bitcoin (BTC) was experiencing its biggest daily drop in the last seven years, stablecoins reaped the benefits. Coin Metrics, which conducts analysis of various aspects of […]
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Bitcoin price rallied to $6,600 as traditional markets withered, now traders will focus on flipping $6,400 from resistance to support. Bitcoin (BTC) price perked up today, rallying from $5,688 to a daily high at $6,600. The digital asset defied the worst fears of analysts by holding above the $5,400 support and currently Bitcoin continues to […]
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Blockchain firm HashCash Consultants has announced the upcoming launch of its ‘Corona Fund Index Cryptocurrency.’ HashCash Consultants plans to release the latest crypto asset promising profit potential amid the atrophying global economy and coronavirus catastrophe. On March 23, HashCash announced its upcoming “Corona Fund Index Cryptocurrency” (CFIX), which promises traders the opportunity to “earn profits […]
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Bitcoin price is holding the $5,800-$5,900 support but plunging Dow and S&P 500 futures could lead Bitcoin price to revisit prices below $4,000. After failing to gain above the $6,400 resistance on March 22, Bitcoin (BTC) bulls spent the remainder of the day struggling to bring the digital asset back above $6,000. At the time […]
Continue ReadingMost top performers of the past week show buying at strong support levels. If the rebound picks up strength, it might signal that a bottom is in place. The world is in a state of panic due to the coronavirus pandemic. People are fighting over toilet paper, which shows the extent of nervousness. At such […]
Continue ReadingBitcoin price has seen an impressive rebound in the past week of over 80% since its recent low, but is the bounce now over? It has been a tremendous week for Bitcoin (BTC), as the price of Bitcoin rebounded from $3,800 to $6,800. However, a harsh rejection on Friday put a stop to the rally […]
Continue ReadingCEO behind a new Aussie dollar stablecoin said finding a bank to hold the coin’s cash reserves was the biggest challenge. Australian blockchain firm, Chrono Tech, has been experiencing difficulties securing a banking partner amid the launch of an Australian dollar (AUD)-pegged stablecoin earlier this month. The AUD Token (AUDT), available on Chrono Tech’s platform, […]
Continue ReadingBitcoin price swiftly dropped by $1,000 as equities markets closed the week in the red but bulls bought the dip and quickly reclaimed $6,000. Today as the closing bell rang at Wall Street, Bitcoin (BTC) price corrected sharply, pulling back below $6,000 less than 24-hours after hitting a 7-day high at $6,900. The $1,000 drop […]
Continue ReadingSwitzerland-based crypto exchange Smart Valor listed major gold-backed stablecoin PAX Gold for trading against the Swiss franc and the British pound. While global stock markets are experiencing extreme turmoil, cryptocurrency projects keep introducing more ways to trade gold-backed assets twenty-four hours a day. PAX Gold (PAXG), a major cryptocurrency pegged to physical gold, has now […]
Continue ReadingBitcoin price rallied to rebound above $6,000 and to the highest level since its 50% record plunge last week amid coronavirus fears. After rallying 21.6% to a new seven-day high at $6,375, Bitcoin (BTC) traders now seem intent on pushing the price higher to $7,200. The digital asset has made an impressive 66% recovery since […]
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