The traditional finance world is facing its stiffest challenge yet with cryptocurrencies. Bitcoin is beating gold and stocks as the best investment of 2020, and the emerging DeFi space has left big banks at the brink of extinction. Innovation is happening at such a rapid rate that even some of the top tokens over the…
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MicroStrategy has become one of the biggest forces of constant buy pressure on Bitcoin, being an impetus for it seeing serious gains as of late The cryptocurrency’s price action may have been bolstered by their latest bout of buying, which was announced earlier today While the cryptocurrency was still trading around $22,000 before its rally…
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As the cryptomarkets may see their bull run continue for fungible tokens (aka Bitcoin, Ethereum, etc) in 2021, the asset class of non-fungible tokens (NFTs) will quickly catch up. An extremely interesting development in this asset class coincides with the rise of metaverses, or parallel worlds where people are spending more and more of their…
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Ethereum pared a small portion of its recent gains this Monday on profit-taking sentiment. The ETH/USD exchange rate fell by more than 6 percent to $595.22 ahead of the New York opening bell. The pair’s downside move appeared a day after it logged a new year-to-date high of $676.94. While it managed to hold its…
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A minor rebound in the US dollar market prompted Bitcoin to reverse its upward momentum on Monday. The benchmark cryptocurrency fell by more than $1,000 in the early morning European session, hitting an intraday low at $22,430. So it appears, Bitcoin’s latest downside move came as a correction to neutralize its overbought conditions. The BTC/USD…
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Binance coin price is up over 7% and it is outperforming bitcoin against the USDT. BNB could rally further if it clears the $35.50 resistance zone in the near term. Binance coin price is gaining bullish momentum above the $32.00 resistance against the USDT. The price is testing a major hurdle near $35.50 and the…
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Ethereum corrected lower, but it remained well bid above $625 against the US Dollar. ETH price is currently rising and it looks set for a surge above the $650 resistance. Ethereum is trading nicely above the $620 and $630 support levels. The price is back above the $640 level and the 100 hourly simple moving…
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Bitcoin price is holding gains above $23,000 and $23,200 against the US Dollar. BTC is showing positive signs and it seems to be preparing for more upsides above $24K Bitcoin is trading nicely above the $23,000 and $23,200 support levels. The price is currently trading near $23,800 and it is well above the 100 hourly…
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Dogecoin (DOGE) is up 20% in the past 24 hours despite Bitcoin, Ethereum, and other segments of the crypto market correcting after a jaw-dropping rally. BTC, for further context, is down 1% in the past 24 hours as it has failed to set new highs above $24,000. Dogecoin’s rally has been expected for a while:…
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Bitcoin has faced some intense selling pressure following its recent rally past $24,000, but bulls were able to thwart it from seeing any intense selloff as its price navigates back up to this key level. BTC’s continued reaction to this level should provide buyers with some serious insights into where it may trend next. A…
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