Bitcoin rose Wednesday, right ahead of the release of the Federal Open Market Committee’s minutes from their November meeting. The benchmark cryptocurrency climbed 0.13 percent to $19,198, with its rally slowing down as traders weighted vaccine progress against a persistent rise in coronavirus infections in the US. Technically, Bitcoin maintained support near $19,000, with bulls…
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The rumors about the acquisition of 2000 tokens appeared last week, but both sides confirmed that the transaction took place actually only last night. The FBC (Finance and Business Capital LTD) Fund is best known for its unique patented FBC13 algorithm, which allows you to predict the short-term behavior of the stock market and cryptocurrency…
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The leading crypto spot and derivatives exchange OKEx recently announced that crypto withdrawal service will be restored on the platform by November 27, after more than a month of suspension. The news has come as a relief to its users. We reached out to the CEO of OKEx, Jay Hao, and asked a few questions…
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Bitcoin rallied to over $19,000 in the same week that saw President-elect Joe Biden’s decision to appoint Keynesian economist Jenet Yellen as the next US Treasury Secretary. Anthony Pompliano, the co-founder/partner at New York-based Morgan Creek Digital Assets, noted that Ms. Yellen’s economic management style complements Bitcoin’s bullish case. In his note to investors published…
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Altcoins have strongly outpaced Bitcoin over the past few days. This is a large shift compared to what took place just weeks ago where it was BTC that was leading the market and altcoins that were down in the dumps. But here we are, with altcoins up dozens of percent today as Bitcoin only posts…
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Ripple rallied significantly above $0.6000 and $0.7000 before correcting lower against the US Dollar. XRP price is now consolidating above $0.6200 and eyeing the next crucial break. Ripple started a strong rally after it settled above the $0.3000 resistance against the US dollar. The price tested the $0.7500 resistance and settled well above the 100…
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Ethereum started a downside correction from the $620 zone against the US Dollar. ETH price is now trading near a major support at $580 and the 100 hourly SMA Ethereum started a downside correction after it failed to clear the $620 and $625 resistance levels. The price traded below the $600 support, but it is…
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The crypto market is in a phase where altcoins from the previous rally, 2017’s bull market, are absolutely ripping faces off. While Bitcoin is up 5% in the past 24 hours, there are a series of these altcoins that have gained dozens of percent over the past day. These include but are not limited to…
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Bitcoin price broke to the upside and traded close to $19,500 against the US Dollar. BTC is currently correcting gains, but the previous resistance near $18,800 could provide support. Bitcoin traded above the $18,700 and $18,800 resistance levels before correcting lower. The price traded close to the $19,500 level and settled above the 100 hourly…
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Bitcoin price is less than a few hundred dollars away from setting a new all-time high. The closer the top-ranked cryptocurrency gets to its former peak, the more bullish altcoins respond. One crypto analyst has shared a chart that shows what could happen to altcoins when Bitcoin finally does break its all-time high. Ripple, Ethereum,…
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