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Many Crypto Experts Believe Ethereum Will Overpower BTC

Over the past week, talk surrounding bitcoin has been invigorated considering the world’s number one digital currency by market cap has shot up to just under $40,000 for the first time in well over a month. As good as the news is, it is easy to allow bitcoin to overshadow Ethereum and many other heavy hitters within the crypto space, but one panel of experts refuses to turn away from competing altcoins. Ethereum Is Climbing Up the Financial Ladder Ethereum is the second...

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Mastercard Has to Be in the Cryptocurrency Space, Says CEO

As cryptocurrency adoption enters a mainstream stage, traditional financial services platforms are trying to adapt to the changing financial ecosystem. To maintain their importance in this industry, payment processors like Mastercard and Visa intend to use their large client base and international reach to attract both government and private entities when they are testing their CBDC or stablecoin projects. During an earnings call yesterday, Mastercard’s CEO, Michael Miebach,...

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Bitcoin’s Back to $40K, Millions of Shorts Liquidated: The Weekly Crypto Recap

After weeks of prolonged consolidation and choppy sideways action in a very squeezed and narrow range, Bitcoin finally broke out. Fortunately, it was to the upside. Over the past week, BTC is up by a considerable 20%. At the time of this writing, it’s trading at around $39K, having pulled back slightly from the psychological and technical resistance at the coveted $40K level. It’s also worth noting that we saw an increased trading volume over the past week, and even though...

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Bitcoin Cash Analysis: Eyes Upside Break above $550

Bitcoin cash price started a decent increase above the $500 resistance against the US Dollar. The price is now trading above the $500 zone and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $505 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair is likely to accelerate higher above the $550 and $555 resistance levels. Bitcoin cash price is gaining pace above the $500 zone against the US...

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Number of Crypto Users Doubled in Just 6 Months: Survey

It seems the number of crypto users has doubled since January 21 this year, according to research on global crypto adoption by Crypto.com.  The report gathered information from 24 leading crypto exchanges using on-chain data based on various parameters —identifying over 220 million users by the end of June. February and May were the months when the inflow of new users reached their peak: 203 million.  Altcoin Market Surged Largely Thanks to SHIB and DOGE The altcoin market...

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Bitcoin Cools Off Amid $40K: Rune Recovers 35% Despite the Recent Hack (Market Watch)

The past 24 hours saw bitcoin’s price being relatively stable around the crucial $40K mark. The majority of the market is also fairly neutral, with a lot of the altcoins charting rather insignificant losses. Bitcoin Stable Around $40K Bitcoin is circling the $40K mark over the past 24 hours, seemingly unable to make a move in either direction. However, a consolidation around this area, which is also serious support, could potentially be positive. At the tie of this writing,...

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EOS Price Analysis: Bullish On Close Above $4

EOS started a fresh increase above the $3.50 resistance against the US Dollar. The price is now trading above the $3.50 support and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $3.75 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair is likely to continue higher if it breaks the $4.00 and $4.02 resistance levels in the near term. EOS price is showing positive signs above $3.50 against the...

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Litecoin (LTC) Price Analysis: More Upsides Likely Above $140

Litecoin price started a fresh increase above the $125 resistance zone against the US Dollar. LTC price is now trading nicely above $132 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $142 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to accelerate higher if there is a clear break above $142 and $145. Litecoin price is attempting a recovery above $132 against the US...

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Elon Musk Refers to Dogecoin as “Money” on Twitter

Elon Musk has always been there to push Dogecoin, and this week was no exception. The South African entrepreneur behind billion-dollar companies such as SpaceX and Tesla tweeted that “Dogecoin is money,” and he wants everyone to take the asset seriously. Elon Musk Is Pushing Dogecoin Again Dogecoin is one of the most talked about cryptocurrencies in existence. First arriving on the monetary scene in approximately 2013, the currency initially began as a meme coin –...

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Cashing Out Buterin’s $1B SHIB Donation Isn’t Easy, Says COVID-Crypto Fund’s Creator

It’s been two months since Ethereum’s co-founder Vitalik Buterin shocked the entire crypto community with his $1 billion Shibu Inu (SHIB) donation to the COVID-Crypto Fund in India. However, cashing this in revealed to be troublesome, according to the fund’s creator. Only $20M Have Been Disbursed But to date, only an infinitesimal portion of the tokens have been distributed, according to Sandeep Nailwal, Polygon’s co-founder and the creator of the Fund that received the...

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