The Ethereum-based DeFi sector has been consuming the bandwidth of the crypto sphere in recent times, being at the forefront of most conversations due to its exploding popularity. One new trend dubbed “yield farming” has also garnered significant attention from investors, as it has allowed users to see massive yields on their capital – sometimes…
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Bitcoin has seen some intense weakness today after trading within the upper-$9,000 region yesterday. Its latest rally higher led it all the way up to highs of $9,800, which is the level at which it found some significant selling pressure that subsequently caused its price to start declining lower. The follow through on the downwards…
DetailsGold this week reached a price not traded at since nine full years ago, fueled by a mad dash to safe-haven assets. Could the same surge in safe-haven interest that gold is experiencing soon translate into a boost in Bitcoin? Gold Targets All-Time Highs After Reaching New Nine-Year-Record This week, as economic uncertainty continues to…
DetailsLess than 48 hours ago, Bitcoin price was trading at over $9,700. Today, it hit under $9,200 at the low on Coinbase. Data shows that the selloff was preceded by a massive outflow from miners to cryptocurrency exchanges. If miners were indeed behind selling down the recent rally, why aren’t they holding post-halving as expected?…
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Rumors that PayPal and Venmo are poised to offer direct sales of Bitcoin, and other cryptocurrencies, made headlines yesterday. There has been no official confirmation from PayPal yet. But the news coming from several different sources, in conjunction with a recruitment drive for blockchain engineers, have heightened expectations. A look at the peer-to-peer payment space…
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Bitcoin may see a major boost in demand following Brazil’s Central Bank blocking payments from the WhatsApp messenger app in the country. Brazil is the app’s second-largest market, leaving a massive hole that could soon be filled by cryptocurrencies. Central Bank Of Brazil Suspends Facebook’s WhatsApp Payment Feature In a move to “preserve an adequate…
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Bitcoin is not a currency, but a speculative asset, veteran economist Steve Hank said on Tuesday. The Johns Hopkins University professor noted that cryptocurrencies like Bitcoin must be tied to commodities to qualify as a legitimate currency. Nevertheless, the respected scholar tends to ignore a straightforward thing: Bitcoin is not a foreign currency note operating…
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Ethereum is trading in a positive zone above $240 and $242 against the US Dollar. ETH is likely to climb above the $250 resistance, which might start a strong uptrend. Ethereum is rising and it remained well bid above the $240 support level. The price is now approaching the main $250 resistance and trading above…
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Bitcoin, Ethereum, and most other cryptocurrencies have largely stalled over the past few weeks. That’s in terms of price. But data shows that the two leading blockchains are seeing rapid growth in usage. This comes in spite of fears that a second leg to the 2020 bear market/trend is on the horizon. Related Reading: Buying Bitcoin…
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Bitcoin is at risk of plunging towards $9,000 on a negative outlook for the S&P 500 index. Wall Street firm BTIG LLC has warned that the U.S. benchmark could correct towards the lower end of its current trading range. The downside move in the index could lead investors to offset their losses by selling Bitcoin…
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