Following this year’s block rewards reduction event in mid-May, the flagship cryptocurrency entered a consolidation period without providing any clear signs of where it is headed next. Since then, its price has mostly traded between the $8,900 support level and the $10,000 resistance. Throughout this time, Bitcoin has failed to close below or above these…
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Binance Charity (BC) has donated $70k worth of personal protective equipment (PPE) to eighteen hospitals and government institutions in the Philippines. The contribution, which includes sanitizer, goggles, masks, gloves, and overalls, is intended to keep healthcare professionals safe as they tend to victims of the virus. We sent #masks and #PPE to 18 hospitals and…
DetailsDuring a hearing on the potential introduction of a digital dollar, Senator Tom Cotton claimed whatever the United States comes up with, it has to “be better than Bitcoin.” He also asserts it must be better than China’s digital yuan, which is currently in its pilot phase in the country. If it doesn’t, the dollar’s…
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Bitcoin has performed extremely well since March’s lows, rallying over 150% from the $3,700 capitulation bottom. Even after a strong $1,200 retracement from the $10,500 highs, BTC is still one of the best-performing assets of 2020. Yet a crucial indicator suggests that Bitcoin is still intrinsically undervalued, boding well for the bull case. Related Reading:…
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Bitcoin’s consolidation channel formed since the start of May has been narrowing ever since it was first established. The cryptocurrency is now trading sideways between $9,000 and $9,300, facing immense resistance at the upper boundary of this range. From a fundamental perspective, the benchmark digital asset has been seeing stagnating market health, with this being…
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If you have read Satoshi Nakamoto’s original white paper on Bitcoin, the likely takeaway is that BTC is a currency. Take the following excerpt from the conclusion of the white paper. “We have proposed a system for electronic transactions without relying on trust. We started with the usual framework of coins made from digital signatures,…
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Bitcoin started a steady increase and broke the $9,300 resistance against the US Dollar. BTC is currently up close to 3% and it might continue to rise towards the $9,500 resistance. Bitcoin is gaining momentum and it recently broke the $9,300 resistance zone. The price traded to a new weekly high at $9,372 and settled…
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Ethereum rallied recently above the $235 resistance region against the US Dollar. ETH is currently correcting gains, but the $230 support might act as a strong buy zone. Ethereum is trading in a positive zone above the $230 and $232 levels. The price rallied above the $240 level and it is currently correcting gains from…
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Even after a healthy rally from $9,000 to a local high of $9,400, Bitcoin remains in no man’s land. The cryptocurrency is caught below $9,500 and caught above $8,500, both important levels on a medium-term time frame. Bitcoin may seem directionless as a result, as it is still anyone’s guess as to which way this…
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Bitcoin price pulled back in the early trading session Tuesday after logging a strong opening for the weekend a day before. The corrective action appeared as the rising number of COVID cases in the US prompted the Federal Reserve to make a stark warning. The central bank said the trajectory of the US’s economic recovery…
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