Bitcoin price is still stuck under $60,000 but unable to push any lower than $55,000. The tightening across the crypto market has been long and arduous but when $60,000 is finally broken, the crypto asset should reach what one analyst calls “escape velocity.” Here’s what the term means and what that could look like post-breakout…
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Crypto research firm Messari released this Q1 Performance Recap, the undisputed winner on the top assets was Binance Coin (BNB) with an astonishing 709% in profits. Followed by ADA (557%) and UNI, BNB seems ready to continue its rally. Conducted by researcher Roberto Talamas, he concludes Binance Coin’s rally was fuel by the emergence of…
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Ripple CTO David Schwartz said the firm is currently working on a non-fungible token (NFT) strategy. He added that based on observations, people care little about the underlying technology, only the NFT itself and the user experience. “Ripple is currently working on an NFT strategy. I think the key element here is the user experience,…
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Nexo, the trusted digital assets institution that was the first to introduce lending services to the crypto sector has surpassed many traditional investment instruments by also offering high yield returns in the form of daily interest payouts. Offering up to 12% passive income on its Earn on Crypto & Fiat product, Nexo has proven that…
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Dave Ramsey told a caller, seeking advice on his Bitcoin holdings, he has “Vegas problems.” Offering his advice on what he would do, the radio host unceremoniously recommended the caller cash out tomorrow. “You’ve got Vegas problems, man. You walked up to the slot machine, put a quarter in and it dumped a bunch of…
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Even as the bitcoin market shows signs of bullish exhaustion after logging a 1,500-percent-plus upside move in the previous 13 months, all is not lost. Investors with a long-term growth outlook still want to hold onto the flagship digital asset, iterating their expansive bullish stance on it. The analogy appears out of a chart from…
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The second edition of NFT Awards is now here. Digital Entertainment Asset Pte Ltd (DEA), a Singapore based new-age digital entertainment major has announced the NFT Awards 2021 – an exercise that enables the crypto industry to recognize some of the best NFT creators and reward them for their contributions to the space. The entire…
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Bitcoin price started a fresh increase above the $57,500 resistance against the US Dollar. BTC is showing positive signs above $58,000 and the 100 hourly SMA. Bitcoin remained well bid above the $56,000 level and it started a fresh increase. The price is now trading above the $58,000 level and the 100 hourly simple moving…
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Bitcoin rallied on Thursday after the Federal Reserve vowed to support the economic recovery in the United States. The benchmark cryptocurrency jumped 3.80 percent to $58,083 after declining two days in a row. Meanwhile, its rivals across the crypto space, including the second-largest token Ethereum and its runner-up Binance Coin, also surged higher. Almost all…
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Despite the best efforts by bulls for what has been several weeks now, Bitcoin price can’t seem to get back above $60,000 and spend any meaningful time above it. Fundamentals are as bullish as it gets for the top cryptocurrency, but bearish technicals might have finally caused sellers to step in. That’s according to one…
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