Ethereum continues to struggle with resistance at $250 that has held back the asset for much of the last two years of bear market. However, a crypto-focused investment fund manager is expecting that the asset’s best use case, decentralized finance, could help propel Etheruem to a $1 trillion market cap. This would take the price…
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While crypto traders watch and wait for Bitcoin’s next major move, word is spreading like wildfire regarding an astrological event kicking off today that could have a dramatic impact on the asset’s price action during the nearly month-long phase. But what exactly is Mercury in Retrograde, and how does it impact Bitcoin and other cryptocurrencies?…
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Ripple’s XRP stole the spotlight of the cryptocurrency market after the former chairman of the U.S. Commodity Futures Trading Commission (CFTC) Christopher Giancarlo affirmed that it does not qualify as a security. Instead, the so-called “Crypto Dad” argues that the cross-border remittances token can be considered a currency like any other sovereign currency. “Ultimately, under…
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The cryptocurrency derivatives and spot exchange giant, OKEx has introduced two new products to further expand its perpetual swaps portfolio. The platform has recently announced the launch of THETA/USD and THETA/USDT perpetual swaps with increased maker rebates to meet the rising demand for new trading instruments among its trader community. According to the announcement, the…
DetailsAfter a strong rise over the last several months, momentum in Bitcoin has been waning, prompting one analyst that has thus far been long BTCUSD, to flip neutral. A break in sideways price action and a return to volatility is expected soon, but which way will the first-ever cryptocurrency head next? Hedge Fund Manager Prepares…
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Bitcoin price has been trading sideways for 50 days now, preparing for its next major move. Due to how tightly coiled the price action is, volatility measuring tools are indicating extreme lows. When volatility reaches such extremes, an explosive move often follows. With the metric touching one of the lowest points yet, Bitcoin may be…
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Bitcoin price could hit $18,000 if it continues to maintain its positive correlation with the S&P 500, says mysterious analyst PlanB. The creator of the popular stock-to-flow model highlighted a 95 percent r-squared correlation between the two assets. He added that the global central banks’ unprecedented quantitative easing policy serves as a basis of rallies…
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Ethereum seems to be consolidating above the $232 and $230 support levels against the US Dollar. ETH price must break the $238 and $240 resistance levels to start a fresh increase. Ethereum is currently stuck in a range and trading near the 100 hourly simple moving average. The price must stay above the $232 and…
DetailsIn 2018, Ethereum rallied as high as ~$1,430 on the back of an influx of demand caused by the then-ongoing initial coin offering (ICO) boom. ICOs had to raise money, and ICOs often raised money so through ETH — a widely-adopted, well-known, and easily-accessible cryptocurrency. Hence, the demand for Ethereum spiked as investors began to…
DetailsKuCoin, the IDG-backed crypto exchange now enables its users from across the world to purchase cryptocurrency with Russian Ruble (RUB) using credit or debit cards. The new feature is made possible by the platform’s recent partnership with PayMIR, a well known Russian fiat on-ramp service provider. The partnership will help KuCoin tap into the Russian…
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