ETH/USD – Ethereum Continues Higher After $1100 ReboundKey Support Levels: $1275, $1230, $1100.Key Resistance Levels: $1390, $1425. $1439.Last Thursday, Ethereum took a steep price fall when it dropped from $1390 to hit the support at $1100, provided by a .382 Fib Retracement level.On Friday, it dipped further, hitting a low of $1050. However, it quickly reversed and started to rebound higher from there. Yesterday, it was struggling to break resistance at $1276 (bearish .886 Fib Retracement)...
Read More »‘Bitcoin is Bad’ Narrative Weakens as Aussie Banks Have Reportedly Laundered $385M for Drug Cartels
Amid the renewed anti-Bitcoin remarks ascribed to mainstream finance stakeholders, reports have emerged showing banks in Australia working in cahoots with violent South American cocaine cartels. Despite aspersions to the contrary, the crypto market continues to account for an insignificant proportion of global financial crimes.Australian Banks Funelling Dirty Money for Drug CartelsAccording to the Australian Financial Review, banks in the country have reportedly laundered about 500 million...
Read More »Will Bitcoin Price Rally Continue In 2021? 8 Key Considerations
A Fortune magazine story about bitcoin began making the rounds Friday. In it, senior Fortune and Data Sheet writer Aaron Pressman cops to tripling his money in bitcoin– then losing half of it.It’s a cautionary tale alike for prudent long-term investors in cryptocurrency and day traders who are very smart at getting very stupid with money. The endlessly interesting and complicated question: “Where is bitcoin’s price going next?” is no idle curiosity. It’s a question with a lot of zeroes on...
Read More »Bitcoin Price Analysis: Expecting Huge BTC Move, Breakout To $30K Or $35K Next?
Over the past week, Bitcoin price lost approximately 10% of its value, following a drop from the $37K – $38K price area. This comes just two weeks after setting the current all-time high of $42,000 on January 8, 2021.Over the past days, the primary cryptocurrency found support, once again, around the $30K horizontal line. Looking at the bigger picture, the $30,000 had now formed the baseline of a bearish triangle that Bitcoin is currently trading within and can be seen on the following daily...
Read More »ETH Spikes To 4-Month High Against Bitcoin Surpassing $1300: BTC Dominance Dropping
Bitcoin has failed to double-down on its recovery and has remained stagnant between $32K and $33K for the past day. Large and mid-cap altcoins, led by ETH, have charted gains against BTC, while the Bitcoin dominance continues its negative sentiment, dropping to approximately 63%.BTC Fails At Breaking Above $34KAfter bitcoin dipped beneath $29,000 earlier this week, the asset seemed to be headed for a quick recovery session as it has done before. Just yesterday, the cryptocurrency gained over...
Read More »JPMorgan: BTC Cannot Diversify Portfolios Like We Think
JPMorgan keeps talking about bitcoin as of late. Recently, analysts from the financial giant claimed that if it didn’t spike back to $40,000 soon, traders would likely see their portfolios dwindle and their stashes were likely to experience major suffering. With the asset’s recent $9,000 drop after reaching its new all-time high, one must wonder if it will take a while before BTC jumps into $40,000 territory again.JPMorgan: Bitcoin Is Not as Strong as We ThinkNow JPMorgan is claiming that the...
Read More »Defi Token Polkadot Continues to Jump Like There’s No Tomorrow
The crypto space is tanking as of late. Bitcoin has fallen by about ten percent in the past two days, while Ethereum, Ripple, Cardano and Litecoin have all taken dips of anywhere between five and ten percent. However, not every asset is down in the doldrums at the time of writing. Some, such as Polkadot, have retained their high prices and appear poised for more gains in the coming weeks.Polkadot Continues to Thrive Like No Other CoinPolkadot is the provider of what’s known as the dot token,...
Read More »Bitcoin Experiences Major Dip; Loses 10% in 48 Hours
Bitcoin has tanked. The world’s number one cryptocurrency by market cap has fallen all the way from around $40,000 just a few weeks ago to about $31,000 per unit at press time. While this has all happened before during the month of January, this time around feels somewhat different.Bitcoin Is Falling Into OblivionThe currency has lost about ten percent in the last two days. Just yesterday, the asset was trading for around $34,000, which means it has lost another $3,000 off its most recent...
Read More »Analysis: Strong Fundamentals Can Spike ETH Price To $10,000
Ethereum’s fundamentals and network utilization will push the price of the native cryptocurrency to a five-digit price territory, believes a popular cryptocurrency commentator. Although this potential surge by eight-fold from this position could sound far-fetched to some, Fundstrat strategists recently offered a similar prediction.ETH’s Fundamentals Raise A $10K Opportunity?Ethereum’s native crypto has been on a tear in the past several months. After gaining about 500% in 2020, the...
Read More »Bitcoin-Fork BTCU stellt Team vor
Das Bitcoin Ultimatum Projekt hat zwei weitere Teammitglieder vorgestellt. Darunter der bekannte Crypto-Experte Eric Ma, der bereits für Coinmarketcap gearbeitet hat. Der BTCU soll aus einer Fork des BTC hervorgehen und das Beste aus Bitcoin und Ethereum miteinander verbinden. Bitcoin News: Bitcoin-Fork BTCU stellt Team vorEin Ethereum-Klon, der auf Smart Contracts mit Bitcoin setzt? Klingt zunächst nach einer großartigen Idee, doch wie immer ist die Frage: Kann das Team dahinter die großen...
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