While central banks are embracing digital currencies, they still aren’t a fan of Bitcoin and other cryptocurrencies. The Bank of England’s recently-instated governor made that view clear just recently when he asserted that the leading cryptocurrency isn’t valuable in his eyes. The governor, Andrew Bailey, has been touting this opinion for many years. Related Reading:…
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Bitcoin price extended its rise above the $11,500 resistance against the US Dollar. BTC is correcting lower from $11,700, but it is likely to find support near the 100 hourly SMA. Bitcoin broke the key $11,500 resistance level and traded to a new weekly high at $11,724. The price is currently correcting lower below $11,500,…
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Ethereum surged above the $370 resistance against the US Dollar. ETH price tested the $395 resistance and it is currently correcting lower towards the $380 support zone. Ethereum gained bullish momentum above the $370, $375 and $380 resistance levels. The price tested the $395 resistance and it settled nicely above the 100 hourly simple moving…
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XRP – the token closely associated with Ripple – has seen faltering momentum as of late, with its community dissipating as the company struggles to garner widespread adoption for the token. It does remain loosely correlated to Bitcoin’s price action, but it has been failing to garner any significant momentum as it remains below a…
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XRP continues to lag behind the rest of the market after a short-lived glimmer of hope brought prices to current levels in late July. And while crypto analysts expect the fourth-ranked cryptocurrency to outperform Bitcoin and Ethereum eventually, a sell setup has triggered on daily timeframes that could send Ripple ripping lower. TD 9 Sell…
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It appears that Bitcoin investors are not fazed by the prospects of a move lower due to the CME futures gap formed at $11,100. The leading cryptocurrency has continued to thrust higher, pushing towards $11,700 just minutes ago as of this article’s writing. The leading cryptocurrency has now printed six days of gains in a…
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Bitcoin’s price saw a notable rebound today that allowed it to recover from an overnight dip and rally to fresh local highs within the $11,500 region. This push higher is promising because it is finally allowing Bitcoin to confront the crucial resistance it faces between $11,600 and $12,000, which is a resistance zone that analysts…
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Yearn.Finance closed last week with a strong rebound that left DeFi investors hopeful a bottom was in. However, from this weekend’s high notes set on Friday and Saturday night, YFI has fallen over 20% and is now at risk of an even deeper decline. Here’s why. Yearn.Finance Falls Over 20% From Weekend High Hangover Due…
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Bitcoin’s price action as of late has been firmly guiding that seen by the aggregated altcoin market. Larger altcoins like Ethereum and Chainlink have been directly tracking BTC’s price action, while smaller altcoins lag behind it slightly. As BTC’s price continues extending its momentum, analysts are widely noting that traders may soon start jumping back…
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Both Monero (XMR) and ZCash (ZEC) have surged approximately 8% in the past 24 hours despite stagnation in the Bitcoin price. This latest rally makes the two privacy-focused cryptocurrencies some of the best-performing digital assets of the past day. It appears that this rally is related to news that the U.S. government is targeting encryption.…
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