Ethereum price surges towards $200 again after bouncing off support at $170. ETH/USD is looking forward to a technical breakout at the 50% Fibonacci level as $200 continues to beckon. Ethereum price recently displayed a show of strength, resilience, and the ability to shake off the selling pressure by breaking Read more…
Binance Research dove into Libra’s most recent whitepaper, surfacing with a lenghty report, in part claiming Facebook’s proposed asset could significantly alter the payments world. “Libra’s envisioned global payment system could do to the payment industry what SpaceX did to the space industry: shake the foundations of a well-established sector Read more…
Holding a net worth of about $140 billion, Jeff Bezos could theoretically afford to buy all the Bitcoin (BTC) in circulation. What would happen if he tried? Genesis Mining’s head of mining operations weighs in on the matter. “Of course he could only buy the liquid BTC on exchanges, massively Read more…
The cryptocurrency community believes that Bitcoin was made for the type of economic upheaval that has gripped the world since COVID-19. Billionaire trader Mike Novogratz tends to agree, saying in an interview with CNBC that Bitcoin is facing a key moment, as monetary policymakers continue to dole out trillions in stimulus. The Galaxy Digital Read more…
The coronavirus-driven economic downturn has prompted Bank of America to revise its price forecast for gold upwards, bringing its prediction to $3,000 in the next 1-2 years. But despite being warring assets, experts believe this may be positive for Bitcoin. In the last few weeks, central banks have flooded the global economy Read more…
The stock market seems to be playing out exactly as we predicted. The S&P 500 (SPX) seems all set to test the 61.8% fib retracement level once again. This would lead to similar near-term bullishness in the cryptocurrency market. We expect BTC/USD to climb past $8k to test $8.4k-$9k before the next Read more…
Amidst the oil market madness, can Bitcoin (BTC) pull through to hit $10,000 before the halving? Can Bitcoin brace the current market and rise beyond the $10,000-mark before the halving? Here are our top 5 picks in favor for a bitcoin bull rally. 1. Bitcoin (BTC) spikes above $6,900 breaching above Read more…
In the time following Bitcoin’s intense decline below $7,000 yesterday, the benchmark cryptocurrency has since been able to stabilize above its near-term support at $6,800. It now appears that all of this recent trading simple marks BTC being firmly rangebound, as the cryptocurrency has been establishing a relatively tight trading Read more…
The price of oil flipped negative for the first time in history. This is a testament to the fact that these are extraordinary times. The reaction that we are currently seeing on the stock market and in the cryptocurrency, market is primarily fueled by preemptive measure to stop the spread Read more…
Over a third of people say that the main use for digital currencies such as Bitcoin is for online payments and purchases, according to a recent survey. The survey by the Economist Intelligence Unit and digital payments platform Crypto.com found that 34% of the 3,000 respondents believed digital currencies are primarily for online payments Read more…