Ethereum has undergone a consolidation period for over the past month. Since the beginning of June, the second-largest cryptocurrency by market cap has mostly traded between the $217 support and the $250 resistance level. Such a narrow trading range has made it nearly impossible to determine what the future holds for Ether. Nonetheless, the TD…
DetailsMarkets are still reeling from the impact of the pandemic and the resulting Black Thursday selloff. However, one fund manager says the powerful shakeout demonstrated the strong will of Bitcoin investors. If that violent selloff driven by panic and fear didn’t cause holders to sell, what might it take? Remembering The Most Violent Shakeout In…
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Mainnet crypto staking on the Matic network went live on June 29, 2020. Delegators need a minimum of one Matic token to participate, and with a current price of just under two cents, the barrier to entry is low. Matic’s co-founder and CEO, Sandeep Nailwal took to Twitter to give an update on how the…
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The size of the Ethereum options market on Friday equaled the size of the Bitcoin options market in December 2018, according to data provided by Skew. Ethereum’s growth in the derivatives market pointed to its increasing institutionalization like Bitcoin. It further hinted at a breakout price rally ahead for the second-largest cryptocurrency. Ethereum is tailing…
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With Cardano’s Shelley mainnet on track for rollout on July 29th, 2020, the incentivized testnet (ITN), which ran from November 2019 to June 2020, has served its purpose. IOHK CEO, Charles Hoskinson put forward his case to retain the ITN as a parallel chain. He suggested the ITN infrastructure could become a rapid testing environment…
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Bitcoin price risks breaking to the downside as strategists warn of a correction in the U.S. stocks. Analysts at JP Morgan & Chase predicted that pensions funds would most likely dump $170 billion worth of their equity positions at the end of the second quarter. It would leave Bitcoin under similar bearish spell owing to…
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At the start of June, Bitcoin suddenly surged towards and past $10,000. The cryptocurrency rallied so far and so fast that $123 million worth of short positions on BitMEX were liquidated within an hour. Investors were understandably bullish. One Wall Street veteran shared a chart expressing his sentiment. It showed that BTC had broken past…
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Bitcoin cash price started an upside correction from the $205 support against the US Dollar. BCH is now facing a strong resistance near the $225 and $230 levels. Bitcoin cash price is currently correcting higher from the $205 swing low against the US Dollar. The price is trading above $220, but the bulls are facing…
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Ethereum is slowly recovering and trading above the $225 level against the US Dollar. ETH is likely to rise sharply if it clears the $228 and $230 resistance levels. Ethereum is showing positive signs above the $224 and $225 support levels. The price is still struggling to clear the $228 and $230 resistance levels. There…
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Bitcoin is slowly moving higher and trading above the $9,100 level against the US Dollar. BTC could start a strong upward move if it clears the $9,300 and $9,340 resistance levels. Bitcoin is showing a few positive signs above the $9,000 and $9,100 levels. The price is trading above the 100 hourly simple moving average,…
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