A discussion recently broke out on crypto Twitter speculating about the importance of the upcoming Coinbase IPO and its impact on Bitcoin and the greater cryptocurrency industry. And while there’s no denying the significance of a stock market listing for one of the most recognizable crypto brands in the world, another finance exec has been…
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It has been a rocky past couple of weeks for Bitcoin. The cryptocurrency was able to surge as high as $12,400 just a couple of weeks ago before it lost its momentum and began plunging lower, ultimately hitting lows of $9,900 before bouncing higher. This has done little to offer insight into its near-term outlook,…
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Bitcoin was trading lower ahead of the New York opening bell Friday as the US dollar rebounded despite its prevailing bearish setup. As of 0649 EST, BTC/USD was changing hands for $10,289, down 0.53 percent from its daily open. The pair surged during the Asian and European session as a strengthening EUR/USD kept dollar bulls…
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An overnight pump that pushed popular decentralized finance token, YFI, up by 23 percent, has entered a bull trap. The Yearn Finance governance cryptocurrency fell 10 percent this Friday from its intraday top at $36,043. Its plunge appeared as a part of formal downside correction that typically follows price rallies. Traders apprehensively bought spot YFI…
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Bitcoin has flirted with falling under $10,000 multiple times over the past week. If you take a look at BTC’s recent price action, you will see a series of bottom wicks just below $10,000. This shows that Bitcoin traders do not want the leading cryptocurrency to trade under that pivotal support level. By NewsBTC’s count,…
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Bitcoin price started a decent recovery wave above the $10,200 resistance against the US Dollar. BTC is still struggling near $10,500, but dips are likely to remain supported near $10,200. Bitcoin is currently correcting lower from the $10,500 resistance zone. It is trading below the 100 hourly simple moving average and approaching the $10,200 support.…
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Ethereum recovered above the $350 resistance zone against the US Dollar. ETH price tested the $375 zone and it is currently correcting lower towards the $350 support. Ethereum is currently correcting lower from the $370 and $375 resistance levels. The price is now approaching the 100 hourly simple moving average and the $350 support. There…
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Ripple failed to clear the $0.2500 resistance and corrected lower against the US Dollar. XRP price must stay above $0.2380 and the 100 hourly SMA to start a fresh increase. Ripple is down 3% and it retreated lower from the $0.2485 high against the US dollar. The price is trading near the $0.2380 support and…
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Bitcoin transaction volume is rapidly moving off of exchanges, which is a positive sign that indicates the market is beginning to mature as it becomes driven less by speculative trading and more by long-term investing and real-world utilization. It is important to note that the decline in transactions taking place on exchanges also seems to indicate…
DetailsBitcoin has have tumbled over the past few weeks but the cryptocurrency continues to gain mainstream traction. This much was made clear just recently when Anthony Pompliano, a former Facebook team lead and Bitcoin investor, managed to secure a podcast with Jim Cramer. Cramer is one of the most well-known individuals in financial media, hosting…
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