Bitcoin (BTC)

The crypto market is trying to grow after another correction.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.The Ethereum is ahead of the others that do not hurry to renew the highs. Moreover, on D1s of such cryptocurrencies as the Litecoin or Eos, reversal patterns are forming, promising a decline, and if the buyers fail to keep the nearest support levels,...

This recent Bitcoin price upgrade recorded reveals the bulls have been able to keep the price away from its previous resistance level ($11,500) as crypto traders and investors now shift their focus on the $12,000 price level.Yesterday we wrote about how the dollar weakens each day more and more, that even conservative investors like Warren Buffett are getting away from it. We also mentioned that Max Keiser in his latest tweet says that, therefore, Bitcoin is going to rise even more. Well, he...

The sell-offs appear to be prompted by the pushback Bitcoin (BTC) is experiencing at the $12,000 price mark.The duo of major cryptocurrency exchanges Coinbase and Binance suffered temporary technical issues as the crypto market went into a frenzy ushering in bouts of sell-offs that placed the exchanges under pressure.The sell-offs appear to be prompted by the pushback Bitcoin (BTC) is experiencing at the $12,000 price mark. The first-ever digital currency has thus been spiraling down and...

One of the moderators running the giant darknet marketplace AlphaBay has been sentenced to 11 years in prison. Bryan Connor Herrell received payments in Bitcoin for his moderator position, which he used to settle disputes between buyers and sellers.AlphaBay’s Moderator Sentenced To 11 Years In PrisonThe statement from the US Department of Justice said that Herrell operated under two nicknames on AlphaBay – “Penissmith” and “Botah.” One of his primary responsibilities as the marketplace’s...

Bitcoin bulls were met with another wave of intense selling pressure at the psychological $12,000 yesterday, which sent prices reeling $900 all the way back to the $11,160 level.This is the third time in under a month that BTC has experienced a strong rejection at this critical level of around $11,100.In the previous analysis from yesterday, we anticipated that Bitcoin breaking into the overbought region on the 4-Hour RSI would create some intense selling pressure against the uptrend. This...

Ethereum dropped from a daily high of $488 to a low of $420, marking a 15% decline.ETH has since recovered a bit and it currently trades at around $445.Against Bitcoin, the cryptocurrency found solid support at a steeply rising trend line and quickly rebounded during today’s price drop.ETH/USD – Ethereum Rolls Over From $475 ResistanceKey Support Levels: $438, $427, $400.Key Resistance Levels: $475, $490, $500.Ethereum bounced from the support at $382 (downside 1.272 Fib Extension) toward the...

Bitcoin being tokenized on the Ethereum network will mean an increased activity in the Ether system, which has lately been related to high transaction fees.Cryptocurrency analytics firm Messari has estimated that approximately $500 million worth of Bitcoin (BTC) has been tokenized on the Ethereum network for use in decentralized finance (DeFi) protocols year to date. This reciprocates to around 0.3% of all circulating Bitcoins, hence leaving a huge gap of unexplored territory.Messari on...

Being a DeFi community governance token, the SUN token is a ‘meme’ coin designed with encryption and artistic expression in focus.The Tron Foundation has announced the launch of its DeFi governance token dubbed SUN named after the foundation’s CEO Justin Sun. Per the foundation’s open letter to the community about the SUN Genesis Mining, the blockchain-based firm hopes that SUN will become a nexus for sincere community-builders to collaborate on the TRON ecosystem.The SUN token is “Designed...

Kazakhstan’s new Digital Development Minister, Bagdat Mussin, has reportedly asserted that the country is already in talks to attract a significant investment worth over $700 million to expand the cryptocurrency mining sector in the Central Asian nation.Kazakhstan Aims For $700M Investment For Crypto MiningThe plans for attracting 300 billion tenges ($715 million) of investments in the cryptocurrency mining field were initially revealed in a Senate hearing in mid-June.The former Minister of...

Tron price started a strong rise above the $0.0300 resistance zone against the US Dollar.TRX price traded as high as $0.0373 and it is currently consolidating gains.There is a major bullish trend line forming with support near $0.0315 on the 4-hours chart (data feed via Bitfinex).The pair could correct a few points, but dips are likely to remain bid near $0.0340 or $0.0315.TRON price is trading in a strong uptrend well above $0.0340 against the US Dollar, while bitcoin is struggling near...