After holding under $9,000 for days on end, Bitcoin surged higher to hit $9,200 on Wednesday morning. It was a small move in percentage terms but still notable in terms of its technical significance. $9,000, after all, has been defined as a key level for Bitcoin both technically and psychologically. With the price breaking out…
DetailsBitcoin avoided a major downtrend and recovered from the $8,680 support against the US Dollar. BTC price is trading above $9,000, but it must clear $9,300 to start a strong increase. Bitcoin is up more than 4% and it climbed above the $9,000 resistance. The price is trading well above the $9,100 level, but it…
DetailsCryptocurrencies are truly global in nature, and anyone anywhere with an internet connection and a wallet can make transactions without any external intervention. The second most populous country, India is one of the fastest-growing crypto markets with a huge potential waiting to be tapped. Recognizing the importance and an opportunity to further the cause of…
DetailsEthereum is showing positive signs and it broke the $205 resistance against the US Dollar. ETH price could rally significantly if there is a clear break above the $210 resistance. Ethereum gained traction and managed to climb above the $205 level and the 100 hourly SMA. The price is still struggling to clear the main…
DetailsIt’s been a tough past few days for Bitcoin. In spite of the recent rally off the $8,600 lows that has brought BTC to $9,300, the market remains depressed. BTC is trading just under 10% shy of the May highs of $10,100. Altcoins are in a similar boat. The bearish price action may unfortunately continue…
DetailsBitcoin is holding its intraday gains above $9,100 on Thursday. But the cryptocurrency risks downside correction as the U.S. futures hint at a shaky start after New York opening bell Thursday. The unsteadiness surfaced as China approved a proposal for a national security law in Hong Kong, raising possibilities of a new geopolitical conflict with…
DetailsToday sees the crypto large-caps ranging with slight gains. Bitcoin defied expectations of a fall, and instead posted a moderate 4% gain over the last 24-hours. This was enough to flirt with the $9.3k level, but rejection at this resistance zone sees it heading back down. Out of the top 20, Monero stands out as…
DetailsXTZ, the native cryptocurrency of the Tezos blockchain platform, recently defeated a long-standing Head & Shoulder pattern. If successful, the bearish technical indicator could have crashed XTZ to as low as 523 sats. Its failure now puts the crypto en route to record highs. XTZ is trading almost 28 percent lower from its all-time high…
DetailsA call focusing on the future US economic outlook hosted by Goldman Sachs that mentioned Bitcoin alongside gold got the crypto market buzzing early this week. But as details leak out early regarding what’s being covered in the call, it’s been revealed that Goldman Sachs not only doesn’t think Bitcoin is the next best thing,…
DetailsBitmain, one of the largest mining hardware manufacturers in the world, has issued two statements regarding Micree Zhan, the company’s ousted founder. The company confirmed that Zhan has been removed from the company by its shareholders in October last year and has threatened him with legal action if he was to continue to “represent” Bitmain.…
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