Bitcoin is pushing higher as it has normally done over past weekends. The price of the leading cryptocurrency currently is above $11,000 — a pivotal resistance level for BTC. While this is positive for the cryptocurrency in the short term, analysts are still fearful that Bitcoin is subject to a steep retracement. One analyst commented…
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Bitcoin has pushed above $11,000 after consolidating under that pivotal resistance for a number of days. The leading cryptocurrency now trades for $11,070, pushing slightly higher after legacy markets closed on Friday evening. While Bitcoin retaking $11,000 is a bullish sign, a historically accurate trader thinks that a bearish reversal here is likely. The trader…
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Bitcoin’s price action has been somewhat stagnant as of late, with the selling pressure found throughout the lower-$11,000 region proving to be too much for bulls to break. Today, however, buyers have been stepping up and attempting to generate some significant buying pressure, likely with the aim of breaking above $11,300. Because this is the…
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The global cryptocurrency exchange service provider, CoinEx has announced the launch of OneSwap’s ONES token on its platform. The listing went live yesterday, followed by the official launch of ITO on CoinEx along with yield farming and order mining on OneSwap, a day later on September 19, 2020. ONES is the ERC20 governance token of…
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Bitcoin faced a strong rejection at the pivotal $12,000 level after rallying to that resistance earlier this month. After failing to hold above $12,000, the coin plunged by just over $2,000 in the days that followed. At the lows, BTC traded for $9,800 — $2,200 below the local highs and $2,700 below the year-to-date highs…
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In the crypto space, the term Decentralized Finance (DeFi) has become the buzz word of 2020 as interest continues to pick up in the space. While there are several financial services verticals that falls under the broad DeFi spectrum, the ones that allow investors to earn a steady stream of passive income is something that…
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Uniswap’s recently released token – called UNI – has seen massive inflows of investments throughout the past day, with the large buy-side orders far outweighing the relatively small sell orders from users who received 400 tokens via an airdrop. This uptrend has been further perpetuated by multiple exchange listings, with the likes of Coinbase, FTX,…
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XRP and the aggregated altcoin market is currently caught within a consolidation phase as Bitcoin struggles to gain any decisive momentum. It does appear that these tokens are awaiting more directionality from BTC before they make any sizeable movements. This has, in turn, caused smaller altcoins to also fall into bouts of sideways trading. Although…
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Bitcoin has been stalling around the high-$10,000s over the past few days despite the surged earlier this week. The coin now trades at $10,850 as of this article’s writing, a few percent shy of the local high. Analysts are certain that investors should be favoring longs right now. Here’s why they think so. Related Reading: Here’s…
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A blast from Bitcoin’s past is making a comeback, reaching a new all-time highs trading volume after abysmal launch turnout sent the cryptocurrency’s price tumbling last year. What’s going on with Bakkt that suddenly has its Bitcoin Futures trading desk soaring in trading activity? Bakkt The Truck Up: Remembering The Reason For Crypto’s 2019 Collapse…
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