Fear, uncertainty, and doubt cause volatity to spike, but that doesn’t always result in downside. Case in point, is Bitcoin spiking even higher, all while the entire world is on the edge of its seat waiting to see who wins the Presidential race. With emotions running as high as possible, the cryptocurrency cleared resistance at…
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Bitcoin’s price has been holding up quite well despite the volatility seen yesterday that came about due to a turbulent election that has yet to deliver any decisive results. This price action has done little to contribute to its mid-term outlook, however, as it is still trading below the resistance it has been facing around…
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The price of Bitcoin (BTC) rose to $13,900 after declining to sub-$13,500 on the day. The catalyst behind BTC’s abrupt rally was likely the decline of the U.S. dollar, which fell after the election day. As the dollar slipped, Bitcoin, stocks, and treasuries rallied together. The Dow Jones spiked by 2.24%, surging by nearly 6%…
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As a startup, Chainlink solves a significant obstacle that concerns transferring data between blockchains and the real world. The protocol, whose origins date back to September 2014 – a period when half of the world have not even heard about blockchains and Bitcoin, offered a solution that enables independent data sources to feed information into…
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For nearly two years, Cardano has clashed with Wikipedia over its refusal to list a Cardano page. The online encyclopedia states the listing criteria come down to verifiable information sources and the inclusion of appropriate references. However, IOHK CEO Charles Hoskinson fired back last month by saying his project more than meets the requirements. Yet…
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Bitcoin traders braced for uncertainty as Donald Trump and Joe Biden entered a tight US presidential election race. The benchmark cryptocurrency surged overnight to above $14,000 in a sharp upside. Its gains came on the prospects of a decisive election win for Biden. But with Trump winning several battleground states in a row, Bitcoin plunged…
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Bitcoin has undergone a strong rally since Monday’s lows of $13,200. The leading cryptocurrency currently trades for $13,900, up 3.2% in the past 24 hours. Bitcoin is trading slightly below its daily highs of $14,100, which it breached earlier today when the U.S. Dollar dropped rapidly. While Bitcoin is still failing to hold above $14,000,…
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Ripple started an upside correction from the $0.2280 support against the US Dollar. XRP price could start a strong rally if it clears the $0.2400 resistance zone. Ripple is struggling to gain bullish momentum above the $0.2400 resistance against the US dollar. The price is now trading well above $0.2350 and the 100 simple moving…
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Ethereum’s ether stayed above the $372 support and recovered nicely against the US Dollar. ETH price is now struggling to clear $392, above which it could rally significantly. Ethereum started a decent recovery wave after it found support near the $372 level. The price is now trading above $382 and testing the 100 hourly simple…
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Bitcoin’s rapidly rising price has not matched its hash rate – which is a somewhat unusual occurrence. While the network’s transaction volume and utilization rates remain incredibly high, the tera-hashes per second being performed by the network have collapsed over the past few days. Some believe that this could be due to the end of…
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