Peter Brandt laid out two scenarios for bitcoin last month. The recent price action of bitcoin suggests that Brandt’s immediate bull scenario is playing out. Brandt teases his followers with the possibility of a bull run in his latest tweet. The most followed trader on Twitter, Peter Brandt, made his Bitcoin Live Crypto report available for free last month. In this issue, the veteran analyst presented two bullish scenarios for the king of cryptocurrencies. The first...
Read More »Bitcoin Continues to Ascend; Climbs to Nearly $8,000
Bitcoin is continuing its present bullish behavior and has since added another $400 to its price.Bitcoin Is Still Heading for the TopPolitical unrest appears to contribute heavily to bitcoin’s status. The currency ultimately started out the year on rather unclear ground, with the currency standing beyond $7,000. From there, however, a drop into the $6,000 range occurred, but another surge was right around the corner following the U.S. drone strike against Iran that took out one of the nuclear...
Read More »Former Bakkt CEO Kelly Loeffler Will Overlook CFTC
Kelly Loeffler, the former CEO at the Intercontinental Exchange (ICE)-backed crypto trading platform Bakkt, will be joining the committee that looks upon the Commodity Futures Trading Commission (CFTC). However, that increased the worries of a possible conflict of interest. In a Jan. 6 tweet, Loeffler said she has sworn into the United States Senate by Mike Pence, the Senate’s chief officer, to become Georgia’s newest Senator.It's official! What an honor to serve our great state in the...
Read More »Bitcoin, Oil and Gold Jump because of U.S.-Iran Tensions
Bitcoin hit its record yesterday coming to $8,400. However, the reasons for that are not as nice as it might seem. There is something to do with the current U.S.-Iran political tensions.Yesterday political situation came to its climax when the Islamic Revolutionary Guard Corps confirmed that it conducted rocket attacks on the Al Asad base in western Iraq that hosts American troops.Right immediately after this news was outlived, all “safe haven assets” jumped sky-high. But let’s go from the...
Read More »Ripple Plunges 5% Against Rising Bitcoin But Maintains The $0.21 Level: XRP Price Analysis & Overview
XRP remains above the $0.21 level after seeing a 10% price surge over the past week.Against BTC, XRP has plummetted to create a fresh low beneath the December low-day-closing price.If the bulls can continue to defend the $0.21 level, there is a chance that we will head toward $0.25.Key Support & Resistance LevelsXRP/USDSupport: $0.21, $0.20, $0.185 Resistance: $0.22, $0.228, $0.234, $0.26..XRP/BTC:Support: 2800 SAT, 2750 SAT, 2710 SAT, 2600 SAT.Resistance: 2900 SAT, 3000 SAT, 3200...
Read More »Binance Futures Launches Fifth Perpetual Contract with EOS/USDT Pair
Major crypto exchange giant Binance has announced that it is launching a new perpetual contract product through its futures trading platform – Binance Futures. The new contract, which pairs EOS with Tether’s USDT is the platform’s fifth one.According to an official announcement on the Binance website, the new contract launched at 8:00 AM (UTC) on Wednesday, January 8. Also, Binance Futures is offering users up to 75x leverage.Binance also put a pricing limit of ±1% on the mark price, to...
Read More »Former Bakkt CEO Kelly Loeffler Appointed At CFTC Committee
Kelly Loeffler, the former CEO of Bakkt, has recently taken a seat in the U.S. Senate for the state of Georgia. Reports have it, though, that she is also assigned to serve on the Senate Agriculture Committee with the CFTC. Given that her husband is the CEO of the Intercontinental Exchange (ICE), this could raise concerns about a potential conflict of interest.Bakkt’s Former CEO Sits In A CFTC CommitteeKelly Loeffler quickly became one of the most influential people within the cryptocurrency...
Read More »BTC Hash Rate Surges Back to Hit New All-Time High of 120 EH/s, Bitcoin Price Up 5%
The Bitcoin hash rate has been the talk of the town and analysts are closely observing its movement. After dropping below 100 EH/s earlier this week on Monday, the Bitcoin hash rate recovered back to hit a new all-time high.Beating all of its previous records, the Bitcoin hash rate has hit 120.7 exahashes per second (EH/s). The higher hash rate indicates the higher relative strength of the Bitcoin blockchain. It also indicates higher miner participation and more computational power invested...
Read More »Ethereum Upward Rally Strained due to Developers Change of Strategy
Ethereum is drifting on the price level at $143.64 in the generally positive market. At the same time, Ether’s on the spot upside is restricted to the price level at $145 notwithstanding the obstruction offered by the falling trendline.Ethereum can even now slant past the price level at $160 for the time being, however, the bulls should initially defeat the opposition by $150 price level.Ethereum has framed a higher structure from December 18. Brief times of consolidation additionally would,...
Read More »AlgoTrader: Digital Asset quant trading platform AlgoTrader announces Series A capital raise led by global tier 1 bank
AlgoTrader: Digital Asset quant trading platform announces Series A capital raise led by global tier 1 bank. AlgoTrader AG, a leading Swiss platform services provider for fully-integrated and automated quantitative trading and trade execution, for both traditional and digital assets, has completed a new round of financing from institutional growth investors. This series A round totaling CHF 3.7 million was led by an undisclosed global...
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