Bitcoin’s long-held bout of sideways trading may soon be coming to an end, as the cryptocurrency is currently flashing signs of overt weakness as it hovers around the lower boundary of its long-held trading range. Analysts do believe that this sideways trading will result in a downwards movement. One technical indicator recently flashed for the…
DetailsBitcoin solves many problems, from monetary policy mishandling to acting as the first decentralized store of wealth. But could it also be a solution to Venezuela’s sanctioned and stuck-at-sea oil problem? Rather than aimlessly floating at sea, the oil could be put to much better use. Venezuela Has Over 18 Million Barrels Of Sanctioned Oil…
DetailsFormer Washington lobbyist Jack Abramoff has agreed to plead guilty in a case involving a cryptocurrency scam. How did this former filmmaker turned lobbyist end up involved in a cryptocurrency scam? And who exactly is Jack Abramoff? Former Lobbyist and Hollywood Filmmaker Involved in Cryptocurrency Scam Lobbyist Jack Abramoff has been hit with dual charges…
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Market participants are becoming overwhelmingly concerned about a 22,000 BTC transaction that was made by the perpetrators of the PlusToken Ponzi scheme. The last time the individuals behind this scam moved such a significant number of tokens were back in mid-February. During that time, roughly 12,000 BTC, worth $117 million, was transferred to an unknown…
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Ethereum’s price has been teetering just above its crucial support that exists at the lower boundary of its long-established trading range. This does appear to be an overt sign of technical weakness, although there are several reasons why some analysts still remain bullish on the cryptocurrency. One trader is noting that ETH recently broke above…
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Reports have surfaced that Grayscale Investments is buying more Bitcoin than can be mined. According to a recent 8-K filing with the SEC, in a one week period, Grayscale added 19,879 BTC to its assets under management. One block is produced every 10 minutes, post halving each block now produces 12.5 BTC. Therefore, the average…
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Bitcoin price is eyeing a breakout towards $13,000, according to Bloomberg analyst Mike McGlone. The senior commodity strategist stated that the cryptocurrency’s declining volatility is making it a digital version of gold. He also highlighted BTCUSD trading inside a bullish technical structure. Could Bitcoin price break above $10,500, a technical resistance it has repeatedly failed…
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Ethereum is currently correcting losses from the $228 low against the US Dollar. ETH must climb above the $235 resistance to start a fresh increase in the near term. Ethereum is facing a couple of important hurdles near $235 and the 100 hourly simple moving average. The current price action suggests high chances of more…
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Bitcoin is far from a full-blown bull market. Every attempt at rally upward has been smacked down by bears. The latest of which was the rally to $9,800 on Monday, which was followed by an $800 rejection and millions in liquidations. Yet a top cryptocurrency fund is still holding a bull bias. The company’s executives…
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Volume on Ethereum blockchain is rising faster than Bitcoin for the last three months, according to data fetched by Santiment. The second-largest cryptocurrency is leading a pack of top 100 altcoins with better on-chain metrics than that of Bitcoin. Observers note that a swift rise in altcoin volumes forms a local price top. Ethereum, the…
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