Ethereum has been seeing some intense selling pressure over the past few days, which has likely come about due to the trend reversal seen amongst DeFi tokens. Because the DeFi market is essentially built on top of Ethereum, the ETH token has been heavily influenced by the expansion of this sector. That being said, as…
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Michael Saylor, the Founder of MicroStrategy, said, so far, he has spent a total of $425 million buying Bitcoin. In a recent tweet, Saylor mentioned his firm had just purchased approximately 17k BTC. Including previous the purchase of 21k tokens, the firm now holds around 38k BTC in total. “On September 14, 2020, MicroStrategy completed…
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As the post-pandemic financial markets stand on shaky ground, further worsened by the economic slowdown faced by almost all the nations has driven people to rethink their investment choices. As people look for more stable investments, non-traditional platforms like iTrustCapital have started to gain more attention. iTrustCapital, the leading alternative investment platform specializing in cryptocurrency…
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CREAM logged a sharp reversal rally on Wednesday as traders assessed its listing on Binance, the world’s leading cryptocurrency exchange by volume. The Malta-based trading platform will list CREAM/BNB and CREAM/BUSD trading pairs at 1300 UTC, per its announcement. That will enable users to effectively deposit and trade their CREAM tokens against Binance Coin and…
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Bitcoin is surging despite weakness in the altcoin market. Since bottoming at $9,800 last week, the coin has gained $1,000 and over 10% as its price has reached $10,850 as of this article’s writing. Earlier today, the coin traded as high as $10,900 as buyers stepped in, seemingly responding to MicroStrategy purchasing over 10,000 coins.…
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Ripple blockchain’s native token XRP is up more than 25 percent so far into 2020. Nevertheless, the fourth-largest cryptocurrency is still looking to pare those gains, according to a string of bearish indicators brought forward by a TradingView.com analyst. The US-based chartist pitted XRP/USD against three technically bearish setups. They included a long-term Moving Average…
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Chainlink (LINK) is down 10% and it broke the key $11.30 support zone against the US Dollar. The recent breakdown suggests high chances of more losses below $10.00 and $9.50. Chainlink token price failed to clear the $13.50 resistance and declined steadily against the US dollar. The price is now trading below the key $11.30…
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When it comes to the cryptocurrency space, the ongoing question everyone asks is how to reach mass adoption. There are many ways to onboard new people and grow the space. Generating better awareness, designing more user-friendly products, collaborating with each other, and working with regulators are all ways in which we can get closer to…
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Ethereum declined recently, but it stayed above the key $355 support against the US Dollar. ETH price is likely to accelerate higher as it seems like a double bottom pattern is forming near $355. Ethereum declined below the $370 support, but it stayed above the $355 support. The price holding the main $355 support, but…
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This week, over $5 billion in Tether (USDT) was minted and added to the stablecoin’s circulating supply and market cap. A correlation with newly minted USDT and Bitcoin pumping has sent the crypto community into a tailspin. Today, an automated Twitter account that alerts investors as to when new Tether is minted claimed another $1…
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