Yesterday, Bitcoin suffered a crash that took the asset back down to $11,107 at the low on Coinbase. After a small rebound leaving a wick behind, BTCUSD closed the daily back inside the Bollinger Bands, potentially preventing further downside. It has the indicator’s creator on the lookout for an “upside reversal” in the first-ever cryptocurrency…
DetailsCryptocurrencies, especially Bitcoin, are a frequent target for cybercriminals. Virtual currency is prone to attacks and illegal mining from hackers or hacktivists worldwide. That happens because federal laws do not yet protect digital currencies. Businesses that operate with any cryptocurrencies can save themselves a lot of money, reputation tarnished beyond repair, and potential legal actions…
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Ethereum has spent more than two years in being accumulated by smart money at low prices ahead of substantial markup. It has caused the asset to outperform most of the crypto market, including Bitcoin. However, a new accumulation pattern that Ethereum could be trading within, may suggest that there is one major retest of former…
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Bitcoin is showing some signs of weakness as its price hovers around its key near-term support at $11,300. Bulls have been able to post an ardent defense of this level throughout the past day, with each dip below it being met with massive inflows of buying pressure. Earlier this morning, sellers forced BTC to lows…
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Just when you thought China was advancing unopposed in the national digital currency race, the Fed finally steps up. The Federal Reserve Bank of Boston, in conjunction with the Massachusetts Institute of Technology, is developing a digital currency geared towards “central bank use.” On that, Boston Fed Assistant VP Robert Bench said developing the project…
DetailsTIDAL, high-fidelity music and video streaming service owned by JAY-Z, Lil Wayne, Rihanna, Calvin Harris, Daft Punk, and Chris Martin, has purchased $7 million worth of SENSO. This ERC-20 token functions as the in-platform token of Sensorium Galaxy — a social VR platform that allows users to communicate in a new way, attend concerts, dance…
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Decentralized finance asset LEND continued its gravity-defying price rally ahead of the New York opening bell Wednesday even as its peers across the crypto space suffered sizeable intraday losses. The 21st-largest cryptocurrency surged 11.28 percent to $0.858 per token, its highest level to this date. Its upside move followed a four-week winning streak, wherein LEND/USD…
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Ethereum crashed as low as ~$85 during March’s capitulation drawdown, crushing the hopes of investors in the asset. But due to a recovery in the price of Bitcoin and in most global markets, ETH has surged higher. From those lows, the asset is now up by around 350%, recovering to $385 as of this article’s…
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Bitcoin logged a modest recovery on Wednesday as traders grappled with the outcome of Jerome Powell’s keynote address at the virtual Jackson Hole Symposium tomorrow. The Federal Reserve chairman expects to give markets a clue on his office’s approach to US inflation. In retrospect, Mr. Powell’s administration started reviewing its monetary policy frameworks in 2019, a…
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Bitcoin has embarked on a strong correction over the past 24 hours. After peaking at $11,850 earlier this week, the asset slipped as low as $11,150 on Tuesday as selling mounted on spot exchanges, evidenced by a negative predicted funding rate with OKEx’ BTC perpetual futures market. While the asset has bounced back to $11,300…
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