For more than the last 100 years, the US dollar has reigned supreme over the rest of the world as the global reserve currency. But with the economy in shambles, and hyperinflation inbound for the US dollar, will Bitcoin unseat the dollar as the global reserve currency that rules for the next one hundred years?…
DetailsEthereum, much like Bitcoin and all other major cryptocurrencies, is currently caught within a bout of range-bound trading that has led it to hover within the mid-$130 region. This lackluster price action may not last long, however, as analysts are now widely noting that the crypto may soon “dive hard” during the next major Bitcoin…
DetailsDespite the brutal crash seen earlier this month, Bitcoin has performed extremely well over the past few days, rallying from the $5,000s to a price as high as $7,000 just the other day. The bullish momentum has petered out over the past few days, with BTC stalling in the mid-$6,000s, but a simple technical factor…
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Bitcoin’s prolonged bout of sideways trading seen throughout the past couple of days may soon be coming to an end, as analysts are now noting that several technical factors point to the possibility that an explosive movement is imminent. This also comes alongside a mass exodus of Bitcoin from exchanges, according to new data, which…
DetailsEthereum is still facing a strong resistance near the $142 and $144 levels against the US Dollar. A successful close above $144 could start a strong increase in ETH price in the near term. Ethereum is struggling to gain bullish momentum above the $142 zone against the US Dollar. The price is currently trading nicely…
DetailsRipple is up around 10% and it broke the key $0.1650 resistance zone against the US Dollar. XRP price remains in a nice uptrend and it could continue to rise towards $0.2000. Ripple price started a strong rise above the $0.1640 and $0.1650 resistance levels against the US dollar. The bulls were able to push…
DetailsBitcoin is slowly rising and trading above the $6,750 level against the US Dollar. BTC price must claim the $7,000 resistance to start a strong rally in the near term. Bitcoin is trading in a crucial range below the $7,000 resistance area against the US Dollar. Yesterday’s discussed double top pattern is still active with…
DetailsKuMEX, the Bitcoin futures platform developed by KuCoin, today announced that USDT Perpetual Contracts will be officially available on the exchange at around 18:00 on March 30, 2020 (UTC+8) and deposit of USDT has already been enabled. Unlike the Bitcoin (BTC) Perpetual Contracts on KuMEX, all profits, losses and account balances will be denominated in…
DetailsEarlier this month, the price of Bitcoin fell off a cliff. On March 12th, the day that has since been dubbed “Black Thursday,” the cryptocurrency fell from $7,700 to a price under $4,000 in a near-record level move. This move caught most investors with their pants down. Case in point: some $1 billion worth of…
DetailsMore and more traders would dump their altcoin investments to seek shelter in bitcoin amidst a deepening financial crisis, according to Qiao Wang, head of product at Messari. The New York-based angel investor said Wednesday that he expects bitcoin’s dominance to rise above 90 percent by the end of the ongoing economic slowdown. The term…
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