The exciting start of 2020, in terms of price action, has brought serious retail attention to the cryptocurrency market. Google Trends data shows that Bitcoin and altcoin searches are recording their highest levels since August of 2019.Bitcoin Price Drives AttentionThe largest digital asset began the year trading at $7,170. At the time of this writing, Bitcoin’s price is at $10,350, marking an increase of 44% in less than 44 days.Significant price movements generally attract attention from...
Read More »Crypto Markets Reach 6-Month Milestone Following Monster Rally
Bitcoin’s price approaches $10,500 for the first time since early September. Twenty-nine of the 30 top cryptocurrencies reported gains Wednesday. The combined market cap of all coins crosses $300 billion for the first time in six months. Bitcoin and its altcoin peers extended their rally on Wednesday, pushing their collective market cap north of $300 billion for the first time since August. Bitcoin Rallies The bitcoin price rallied in the overnight session, eventually...
Read More »ETH Price Crosses $250 as JPMorgan Announces It Could Support Ethereum Ecosystem
Ethereum price has broken $250 after JPMorgan has demonstrated its interest in a partnership with ConsenSys. This could push the Ethereum price to new heights as developer is preparing to Ethereum 2.0 transition.JPMorgan is paying attention to Ethereum blockchain and has offered a partnership to ConsenSys. Currently, Ethereum trades around $251, showing the signs of incoming action. The price goes up on a set of news.Reuters informed that a possible partnership between the big bank and the...
Read More »Total Crypto Market Cap Hits 6-Month High At $300 Billion: All Top 30 In Green
The cryptocurrency market is growing at a notable rate since the beginning of 2020. Interestingly enough, the growth is across the board. Despite Bitcoin’s increasing price, its dominance continues to fade. This is a definitive sign that altcoins are claiming serious grounds as their prices continue to boom.Cryptocurrency Market Cap At 6-Month HighIt’s safe to say that 2020 has been an exciting year for cryptocurrencies across the board. The entire market’s capitalization has increased to...
Read More »Cardano (ADA) Price Analysis: Bulls Aiming $0.08 or Higher
ADA price is gaining pace above the $0.0620 resistance area against the US Dollar.The price recently broke the $0.0650 level and it could continue to rise in the near term.There is a major bullish trend line forming with support near $0.0610 on the 4-hours chart (data feed via Kraken).The price is likely to surpass the $0.0700 resistance and continue higher in the near term.Cardano price is trading in a strong uptrend above $0.0600 against the US Dollar, similar to bitcoin. ADA price could...
Read More »Ethereum Price Analysis: ETH Skyrockets To $255 Overnight To Complete 90% Gains In 2020
Ethereum witnessed an increase of 15% today, making it the strongest performing coin out of the top 5 cryptocurrencies.ETH penetrated above the $240 resistance to reach the current price of $253.It also climbed well above 0.023 BTC against Bitcoin to create a fresh 7-month high.Key Support & Resistance LevelsETH/USDSupport: $250, $240, $225.Resistance: $268, $277, $300.ETH/BTC:Support: 0.0239 BTC , 0.023 BTC, 0.022 BTC.Resistance: 0.0247 BTC, 0.0261 BTC, 0.0278 BTC .ETH/USD: Ethereum...
Read More »Bitcoin Price Hits $10,320 as Fed Chairman Confirms Crypto Is a Threat to U.S. Dollar
Bitcoin price and the overall crypto market reacted positively after Fed Chairman Jerome Powell recently stressed on the importance of private crypto-based transactions. He said that the Fed is working on a number of projects for digital currencies.Bitcoin price surged over 5% on Tuesday, February 11, pushing it to a five-month high above $10,300 levels. With this move, BTC has surged nearly 50% since the beginning of 2020. At press time, BTC is trading 5.6% up for a price of $10, 304 with a...
Read More »#811 Plustoken BTC Dump, BitGo Deutschland und Schweiz & Google Partnerschaft Hedera Hashgraph
Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 811. Heute sprechen wir über folgende Themen: Plustoken bewegt 12.000BTC, BitGo lässt sich in Deutschland und der Schweiz nieder & Google kündigt strategische Partnerschaft mit Hedera Hashgraph an. [embedded content] 1.) Droht der große Bitcoin Dump? – PlusToken transferiert 12.000 BTC und verbreitet Panikhttps://cryptomonday.de/droht-der-grosse-bitcoin-dump-plustoken-transferiert-12-000-btc-und-verbreitet-panik/ 2.) BitGo...
Read More »Pro Cryptocurrency US Presidential Candidate Andrew Yang Suspends His 2020 Campaign
Democrat Andrew Yang, who previously urged for more transparent cryptocurrency regulations, has suspended his 2020 presidential campaign. With recent disappointing results, he felt convinced that they wouldn’t win the race, thus deciding to end his campaign in advance.Yang Drops Out Of the 2020 Presidential RaceAndrew Yang is an American author, lawyer, and entrepreneur, who was also running for the presidential seat in the upcoming 2020 elections. Speaking in New Hampshire earlier today,...
Read More »Bitcoin Price Analysis: BTC Skyrockets $800 To New 5-Month High, Now Facing Critical Resistance From 2019
This is going to be a quick update following our latest Bitcoin price analysis from yesterday.As mentioned yesterday, since the year of 2020 begun, Bitcoin price had gone through three mini-rallies. All those rallies corrected back to the Fibonacci retracement level of 38.2% (a clear sign of bullish uptrend).The last of the three rallies ended yesterday, while Bitcoin corrected to $9,750 (which is the 38.2% Fib level).We stated in our analysis that in the case Bitcoin maintains that level –...
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