Bitcoin’s bulls are currently engaged in an intense battle to break above the heavy resistance the cryptocurrency faces at $9,500. The selling pressure seen here has been enough to stop the benchmark digital asset from seeing any type of intense uptrend, but it still remains a possibility that this level is shattered in the near-term.…
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Ethereum has been generating significant buzz across the crypto sphere over the past few days, primarily due to the explosive surge in the popularity of decentralized finance (DeFi). Much of this popularity has been driven by an emerging trend called “yield farming,” in which users can leverage different protocols in order to receive massive payouts,…
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You can’t teach an old dog new tricks, but apparently, listing an older cryptocurrency on a new exchange can bring back memories of the cryptocurrency bull market that once was. An altcoin being listed on Binance has resulted in nearly a 100% intraday pump – something that hasn’t been seen since crypto prices and exuberance…
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After stalling in the low-$9,000s for a series of days, Bitcoin has finally shown some strength. Over the past six hours, the cryptocurrency has shot higher from $9,400 to a local high of $9,650 on margin exchanges. BTC’s rally comes shortly after a ~$12 million block of sell orders on Binance was “pulled.” This reduced…
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New rumors circulating the web suggest that payments processing giant PayPal and subsidiary Venmo are making a major play in crypto. What are the two powerhouses planning and how might it impact the crypto market in the future? PayPal and Venmo To Begin Selling Bitcoin, Launch Crypto Wallet If you can’t beat ’em, join ’em,…
DetailsThe correlation between Bitcoin and the S&P 500 has proven to be dangerous for the first-ever cryptocurrency. It even helped to drag down the asset during the Black Thursday collapse. The crypto asset’s new bull market on the horizon. Yet the correlation with the stock market is once again nearing all-time high levels and at…
DetailsBitcoin is currently trading just below its most important resistance yet, gearing up for what most crypto analysts expect to be a major move. However, data suggests that sell pressure from miners adjusting to the newly reduced block rewards combined with quiet accumulation may be responsible for the recent sideways price action. Bitcoin Sideways Trading…
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Ethereum will soon transition from a proof-of-work (PoW) algorithm to proof-of-stake (PoS). The major protocol upgrade that is scheduled for Q3 2020 will transform the crypto-economic incentives around validating transactions. In fact, those holding ETH will be rewarded for their contribution to maintain the network secure. This could be the reason why Ethereum whales have…
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XRP has earned among the most negative reputations in the cryptocurrency space. Between being the worst-performing asset in the space, and notorious for the cryptocurrency’s parent company selling down each rally, the asset often referred to as Ripple keeps reaching new bear market lows. Now, after sweeping lows on the XRPBTC trading pair, a highly…
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Bitcoin is consolidating in an $8,600-$10,000 trading range since April 30, 2020. The sideways momentum has led the cryptocurrency’s volatility to its lowest since October 2019. With risks of a negative breakout looming, one top analyst sees Bitcoin resuming its bull market by mid-July. Bitcoin repeatedly failed to sustain its break above $10,000. At the…
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