Markets started out on a positive trend last week, before succumbing to fears of a second spread of coronavirus. With countries such as the US displaying some frightful numbers, there are very real worries globally that mismanagement of the crisis means there will be further lockdowns and thus damage to economies. A raft of positive…
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Decentralized finance has become the talk of the cryptocurrency market in 2020. The most recent buzz phrase surrounded in hype is “yield-farming,” and at the center of it, a DeFi token called Compound (COMP). But what exactly is Compound and yield-farming, and if it’s such a hot topic, then why is one options trader so…
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Peter Schiff, the CEO of Euro Pacific Capital, says “HODLers” of Bitcoin “remain delusional” because gold outperformed Bitcoin since 2019. But, BTC actually outperformed the precious metal so far in 2020. Schiff said: “Since hitting its high in June of last year the price of Bitcoin has fallen by 33%. During that same time period…
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Bitcoin price has now traded sideways for nearly two full months. The price action has crypto traders bored, and volatility reaching record lows. Analysts everywhere are expecting a major move soon, if not any day now. However, data comparison between the current trading range and the range prior to the previous bull market, says otherwise.…
DetailsThe popular crypto trading platform OKEx has recently announced the listing of COMP Governance token. The native token of Ethereum based Compound algorithmic autonomous interest rate protocol is available for spot trading against USDT and BTC since June 29, 2020. Apart from Spot trading, OKEX has also launched Margin Trading and Savings for COMP along…
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Bitcoin bull Anthony Pompliano recently took part in the Bill Bert Podcast, hosted by comedians Bill Burr and Bert Kreischer. The hour and a half long episode had Pompliano selling the merits of Bitcoin, while at the same time, dispelling myths that had previously held the pair back from investing. As a result, both Burr…
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ADA, the native token of Cardano, established a new 2020 top on Wednesday. The eighth-largest cryptocurrency surged to $0.097 for the first time in 13 months. The latest gains came as a part of a broader uptrend that began in March 2020 but received an additional boost from Cardano’s network upgrade news. Cardano is going…
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In May and June, Bitcoin sustained multiple consecutive rejections at $10,000. Every time the cryptocurrency surpassed that level, the rally was quickly stopped by sellers. The chart below from Blockroots founder Josh Rager depicts this trend well. Chart of BTC’s price action over recent months by Josh Rager (@Josh_rager on Twitter). Chart from Tradingview.com Bitcoin…
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Bitcoin analyst Edward Morra sees price heading towards $9,575 in the coming sessions. The prediction surfaces after the cryptocurrency failed to close above its short-term resistance level near $9,285. It also appears as global risk-on sentiment improves on positive job reports and vaccine hopes. Bitcoin could close above $9,500 in the coming session even as…
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Ripple is currently consolidating above the $0.1720 support against the US Dollar. XRP price seems to be preparing for a bullish break above the $0.1800 resistance region. Ripple price is facing a couple of important hurdles near the $0.1780 and $0.1800 levels against the US dollar. The price is trading well below the 100 simple…
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