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Crypto Price Analysis & Overview March 5th: Bitcoin, Ethereum, Ripple, Polkadot, and Cardano

BitcoinBitcoin is more or less trading at the same level it was last week around the same time. The cryptocurrency had dropped as low as $43,000 on Sunday, but it quickly bounded higher to close the daily candle above $44,750.On Monday, Bitcoin started to show some promise as it surged higher from $44,750 to reach as high as $49,600. Over the following three days, the cryptocurrency managed to spike back above the $50,000 level. However, it met resistance at $52,480 (bearish .618 Fib) and...

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4 of Best Local Cryptocurrency Exchanges for 2021

Choosing the local cryptocurrency exchange that’s best for you largely depends on your personal needs and circumstances.In the last year, cryptocurrencies have once again exploded in popularity, as some of the most popular digital assets like Bitcoin (BTC), Ethereum (ETH), and dozens of other cryptocurrencies reached heights not seen since 2018 or earlier.In this time, massive institutional investors, like Grayscale, Square, One River Asset Management, and more have been stockpiling Bitcoin...

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Gary Black Thinks Tesla Stock Could Rally Further by Selling BTC Holding and Initiating Buybacks

Gary Black further noted that institutional investors currently would prefer Tesla to buy back its stock to holding Bitcoin. Former CEO Aegon Asset Management US Gary Black thinks Tesla Inc (NASDAQ: TSLA) stock could stop bleeding out if the company sold off its Bitcoin position and initiated stock buybacks. Tesla stocks dropped approximately 27% in the past month to trade around $612.51 at the time of writing according to MarketWatch.Notably, Tesla reported that it purchased Bitcoins worth...

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Cheap Polkadot (DOT) at $0.20 Following a Flash Crash on Binance COIN Margined Futures

Polkadot’s DOT went through a major flash crash on Binance’s COIN-margined futures platform which saw its price reduced to $0.20.The past couple of days have been somewhat challenging in the cryptocurrency market, as the entire capitalization saw around $150 billion wiped off.The adverse developments followed Wall Street’s slump as legacy markets suffer throughout the entire week.Meanwhile, Bitcoin’s realized correlation with the S&P 500 sits at a 5-month high which, naturally, reflects...

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Mark Cuban’s Dallas Mavericks to Accept Dogecoin Payments

American basketball team Dallas Mavericks will now accept payments for tickets and merchandise in Dogecoin via the leading cryptocurrency payment processor, BitPay.Prior to the announcement, it already supported payments in cryptocurrencies, including BTC, BCH, ETH, USDC, GUSD, PAX, and BUSD. Its billionaire owner and Shark Tank star, Mark Cuban, cited the ‘very important’ reason behind the newest addition.All Bark And Some BiteMeme-inspired Dogecoin is finally getting some utility to go with...

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Bitcoin Cash Analysis: Risk of More Downsides Below $450

Bitcoin cash price is struggling to clear the $550 resistance zone against the US Dollar. The price is now trading below $500 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $525 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down towards the $450 and $415 support levels. Bitcoin cash price is showing bearish signs below $500 against the US Dollar, similar...

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La dépense énergétique de Bitcoin – Fatale électricité ?

En ces temps de dérèglements climatiques, la dépense énergétique du Bitcoin est devenue une arme particulièrement efficace sur les consciences. Bitcoin serait donc une espèce de monstre, glouton et sale, créé par un fou et qui précipiterait l’humanité vers sa perte… Fatale électricité ? Quelle est la pertinence de cet argument ? Plantons d’abord le décor… La sécurisation de la blockchain Bitcoin est encouragée par une...

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Canada’s BTC ETF Is Experiencing Slump in Activity

Canada’s first bitcoin exchange-traded fund (ETF) was released to the public not too long ago. The idea of a bitcoin-based ETF had been in the back of investors’ minds for some time, and now that the product has been unveiled, it looks like many fantasies are becoming real, but is it possible that the product has already worn out its welcome? The First Bitcoin ETF Is Already Seeing Trading Dips According to new data, trading in the bitcoin-based ETF has already taken a...

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Bitcoin Price Analysis: BTC Dumps 6% As Wall Street Turns Red, Some Worrying Signs Pop

Bitcoin price dropped by over 6% today, losing over $5K from its value since the high reached just yesterday at $52,500.Quick recap: BTC had found solid support at the $43K – $44K area during the start of the week following a sharp decline from the ATH level of $58,000 reached just the week before. Bitcoin had penetrated beneath the lower boundary of an ascending price channel during that drop, showing the first sign of weakness as the bullish month of February 2021 ended.At the beginning of...

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Analysts Differ on Where Bitcoin Will Go in the Coming Weeks

It looks like the trouble bitcoin has been experiencing as of late is coming to an end. The world’s number one digital currency by market cap has been traversing the doldrums as of late, falling even further into the mid-$40,000 range, though at the time of writing, things have improved somewhat. The currency is back above the $50,000 line and trading more in the range that investors have become used to these past few weeks. Bitcoin Is Starting to Improve The present...

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