The United States is in turmoil, and the dollar is weakening slowly, but steadily. But an economist is warning that the decline may soon kick into warp speed. If it does, what might that mean for Bitcoin? Warp Speed Dollar Decline Could Lead Bitcoin To Take The Throne The United States has long enjoyed its…
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Ethereum, the second-ranked cryptocurrency by market cap’s most important use cases, continues to spike. As these metrics breakout and surge, the smart-contract focused altcoin may be ready to explode. Ethereum Finds New Use Case After ICO Fallout The initial coin offering boom of 2017 helped bring Ethereum to an all-time high of $1,400 per ETH…
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An over 300 million active register accounts on PayPal highlights just how important digital scarcity is to Bitcoin’s value. The enormous installed userbase suddenly having access to cryptocurrencies could be a major boost to adoption. We’ve done the math to see how the numbers add up and the type of impact that is possible. PayPal…
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Whale manipulation did not crash the price in March 2020, asserts Stock-to-Flow creator PlanB. The analyst claimed that the cryptocurrency’s growing correlation with the U.S. benchmark S&P 500 led it lower. He further noted that Bitcoin’s wild downside price actions in November 2019 and December 2019 appeared in the wake of the U.S.-China trade dispute…
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Ethereum is up more than 4% and it surged above the $240 resistance against the US Dollar. ETH is currently showing a lot of bullish signs and it is likely to accelerate above $250. Ethereum is gaining bullish momentum and it is trading nicely above $240. The price traded close to the $250 resistance and…
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The number of daily transactions on the Ethereum blockchain network surpassed 1 million, a level unseen since January 2018. In recent months, network activity on Ethereum surged as a result of rising demand for decentralized finance (DeFi) applications and growing anticipation towards ETH 2.0. Why is Ethereum Daily Transaction Volume Climbing So Rapidly? Since January…
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Bitcoin has finally seen some strength after days upon days of consolidating in the low-$9,000s. As reported by NewsBTC, the cryptocurrency saw a sudden breakout on Monday. BTC reached a local high of $9,800, the highest price in one and a half weeks. BTC’s strength was seemingly related to that of the Nasdaq. The leading…
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Bitcoin has come closer to forming a dreaded Wall Street chart pattern: the Death Cross. The bearish technical indicator materializes when an asset’s long-term moving average crosses above its short-term moving average. Its occurrence on Bitcoin daily chart in March 2020 led to a 55 percent price crash. A “death cross” pattern is looking to…
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Bitcoin cash price is recovering from the $225 support zone against the US Dollar. BCH is slowly gaining traction, but it is facing a strong resistance near the $240 and $242 levels. Bitcoin cash price is slowly correcting higher above $235 against the US Dollar. The price is likely to face a crucial hurdle near…
DetailsThe number of tokens supported by the leading crypto exchange and trading platform, OKEx continues to grow. In a latest addition, the platform has announced support for two new coins — The Midas Touch Gold (TMTG) and Everipedia (IQ). These new listing follows the recent introduction of THETA/USD and THETA/USDT perpetual swap trading pairs on…
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