Every few years since the advent of Bitcoin, the cryptocurrency and blockchain industry sees a groundbreaking innovation that creates new subsections that promise to reach the level of impact and penetration as the asset class is having elsewhere in the greater financial space. Most recently, the explosion of decentralized finance (DeFi) has resulted in a…
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Bitcoin hovered between gains and losses as traders waited for further clues from the US Congressional leaders on their next coronavirus aid package. The benchmark cryptocurrency jumped 0.07 percent to $22,843, suggesting it would consolidate sideways after notching another record high on Thursday at $23,6776 (data from Coinbase). Other top alternative cryptocurrencies, including Ethereum (ETH)…
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Litecoin price started a strong rally above $90.00 and $100.00 against the US Dollar. LTC is consolidating gains and it could rally further above $110.00. Litecoin started a strong surge above the $90.00 and $100.00 resistance levels against the US Dollar. The price tested the $110.00 resistance zone and it settled above the 100 simple…
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Ethereum traded to a new monthly high above $675 against the US Dollar. ETH price is currently correcting gains, but dips are likely to be limited below $630 in the near term. Ethereum gained bullish momentum after it broke the $620 resistance level. The price surged towards the $675 resistance and settled well above the…
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Bitcoin price extended its rally above $21,500 and $23,000 against the US Dollar. BTC traded to a new all-time high near $23,215 before correcting gains. Bitcoin started a short-term downside correction after trading as high as $23,715. The price is currently holding the $22,350 support and it is well above the 100 hourly simple moving…
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Bitcoin has undergone an extreme rally over the past few days, pushing from $19,000 to $23,800 at the highs. The cryptocurrency has since corrected to $23,000 as consolidation has begun after this massive thrust higher. Data shows that there were some whales that were not too excited about this rally. In fact, order book data…
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Bitcoin is now beyond its former high of $20,000 but billionaire tech entrepreneur, “shark” investor, and owner of the Dallas Mavericks Mark Cuban, still won’t change his stance on the cryptocurrency. In the past, he’s said he’d “rather have bananas” than BTC, and now, he is doubling down on his skepticism claiming that Bitcoin is…
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Bitcoin is well above its former record, thanks in part to the digital gold narrative taking hold in 2020 with institutional investors. But as those who get into cryptocurrencies consider diversifying beyond BTC, one entrepreneur and crypto trader says that Ethereum is the digital version of silver, not Litecoin as it has long been called.…
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Ethereum has been trailing slightly behind Bitcoin and the rest of the crypto market as of late, which comes as all eyes shift to watch BTC’s price action Although it has lagged behind it, ETH is still showing some immense signs of strength as it pushes towards $700, with analysts widely watching for it to…
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Bitcoin had a major breakout last night, taking the asset to a price well above $20,000 to close out what has been a stellar year for the cryptocurrency. Although 2020 was a monumental year for many reasons, it also marks a milestone for Bitcoin, in which a record has been set for the longest weekly…
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