KuMEX, the Bitcoin futures platform developed by KuCoin, today announced that USDT Perpetual Contracts will be officially available on the exchange at around 18:00 on March 30, 2020 (UTC+8) and deposit of USDT has already been enabled. Unlike the Bitcoin (BTC) Perpetual Contracts on KuMEX, all profits, losses and account balances will be denominated in…
DetailsEarlier this month, the price of Bitcoin fell off a cliff. On March 12th, the day that has since been dubbed “Black Thursday,” the cryptocurrency fell from $7,700 to a price under $4,000 in a near-record level move. This move caught most investors with their pants down. Case in point: some $1 billion worth of…
DetailsMore and more traders would dump their altcoin investments to seek shelter in bitcoin amidst a deepening financial crisis, according to Qiao Wang, head of product at Messari. The New York-based angel investor said Wednesday that he expects bitcoin’s dominance to rise above 90 percent by the end of the ongoing economic slowdown. The term…
DetailsOver the past few weeks, Bitcoin has performed surprisingly well, rallying as high as $7,100 (on Bitstamp) just days ago, surging higher from the $3,800 bottom seen during the March 12th to 13th capitulation. Even though the bull trend has been exhausted, BTC continues to trade at $6,600, consolidating in the mid-$6,000s as it determines…
DetailsEthereum is struggling to gain bullish momentum above the $142 and $144 resistances against the US Dollar. ETH price could start a major decline if it breaks the $135 support. Ethereum is facing an uphill task as the bulls struggle near $135 against the US Dollar. The price is currently holding the $135 support and…
DetailsRipple is struggling to gain momentum above the $0.1640 and $0.1650 resistances against the US Dollar. XRP price must stay above the $0.1580 support to continue higher in the near term. Ripple price is facing a lot of hurdles near the $0.1640 and $0.1650 levels against the US dollar. The bulls could gain strong momentum…
DetailsBitcoin is facing a strong resistance near the $7,000 level against the US Dollar. BTC price is likely forming a double top pattern near the $7,000 level and it could dive below $6,400. Bitcoin is forming a bearish breakdown structure below $7,000 against the US Dollar. A double top pattern is forming with resistance near…
DetailsBitcoin prices rallied Wednesday to reach an intraday top at about $6,983 but the move did not improve its bearish outlook for the rest of the month. The bitcoin-to-dollar daily chart saw the formation of two extremely bearish patterns: Death Cross and Double Top. The former appeared after bitcoin’s short-term moving average slipped below its…
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Bitcoin price just formed a death cross of the 50-day and 200-day moving average, a sign that typically signals to investors that the asset in question is in an unhealthy state and could see further downside. However, Bitcoin is anything but typical, and the last time this event occurred, the leading cryptocurrency by market cap…
DetailsEthereum kicked off 2020 with an explosive rally following the rapid growth and expansion of the decentralized finance sector, which nearly doubled the value of the asset in just a couple of month’s time. But a failure to set a higher high and a fall to new lows puts Ethereum back into a downtrend that…
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