An over 300 million active register accounts on PayPal highlights just how important digital scarcity is to Bitcoin’s value. The enormous installed userbase suddenly having access to cryptocurrencies could be a major boost to adoption. We’ve done the math to see how the numbers add up and the type of impact that is possible. PayPal…
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Whale manipulation did not crash the price in March 2020, asserts Stock-to-Flow creator PlanB. The analyst claimed that the cryptocurrency’s growing correlation with the U.S. benchmark S&P 500 led it lower. He further noted that Bitcoin’s wild downside price actions in November 2019 and December 2019 appeared in the wake of the U.S.-China trade dispute…
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Ethereum is up more than 4% and it surged above the $240 resistance against the US Dollar. ETH is currently showing a lot of bullish signs and it is likely to accelerate above $250. Ethereum is gaining bullish momentum and it is trading nicely above $240. The price traded close to the $250 resistance and…
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The number of daily transactions on the Ethereum blockchain network surpassed 1 million, a level unseen since January 2018. In recent months, network activity on Ethereum surged as a result of rising demand for decentralized finance (DeFi) applications and growing anticipation towards ETH 2.0. Why is Ethereum Daily Transaction Volume Climbing So Rapidly? Since January…
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Bitcoin has finally seen some strength after days upon days of consolidating in the low-$9,000s. As reported by NewsBTC, the cryptocurrency saw a sudden breakout on Monday. BTC reached a local high of $9,800, the highest price in one and a half weeks. BTC’s strength was seemingly related to that of the Nasdaq. The leading…
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Bitcoin has come closer to forming a dreaded Wall Street chart pattern: the Death Cross. The bearish technical indicator materializes when an asset’s long-term moving average crosses above its short-term moving average. Its occurrence on Bitcoin daily chart in March 2020 led to a 55 percent price crash. A “death cross” pattern is looking to…
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Bitcoin cash price is recovering from the $225 support zone against the US Dollar. BCH is slowly gaining traction, but it is facing a strong resistance near the $240 and $242 levels. Bitcoin cash price is slowly correcting higher above $235 against the US Dollar. The price is likely to face a crucial hurdle near…
DetailsThe number of tokens supported by the leading crypto exchange and trading platform, OKEx continues to grow. In a latest addition, the platform has announced support for two new coins — The Midas Touch Gold (TMTG) and Everipedia (IQ). These new listing follows the recent introduction of THETA/USD and THETA/USDT perpetual swap trading pairs on…
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Bitcoin is up more than 3%, and it broke the key $9,500 resistance against the US Dollar. BTC is currently trading in a positive zone, and it could continue to rise towards $10,000. Bitcoin is up over $300, and it broke a few significant hurdles near $9,500. The price traded close to the $9,800 resistance…
DetailsWhile many in Washington D.C. are hesitant to give Bitcoin their support, a Congressman recently took to Twitter to support this nascent space. Related Reading: Crypto Tidbits: Bitcoin Holds $9k, Ethereum DeFi Gains Traction, Trump Talked BTC in 2018 Congressman Throws Weight Behind Bitcoin, Calls It “Sound Money” On June 22nd, the Congressman of Ohio’s…
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