BitcoinBitcoin is up by a cool 20% over the past week as it currently trades near the $35,700 handle. The number 1 ranked cryptocurrency had been trapped within a range for the majority of the week as it oscillated between $33,000 and $30,000.Looking at the larger picture, Bitcoin was trading within a descending triangle pattern since hitting the new ATH price at $42,000 in early January 2021. It had spiked beneath the lower boundary of this triangle at $30,000 throughout the week but managed...
Read More »BlackRock CEO Says Bitcoin Might Become A Store of Value but Has to Prove Itself
Bitcoin has to prove itself in order to become a reliable store of value. BlackRock CEO and founder Larry Fink said that the crypto asset might see a bright future, but firstly it has to endure and prove itself.Bitcoin is Still UntestedDuring a recent interview, BlackRock founder and CEO Larry Fink expressed his current opinion and predictions towards the world’s leading cryptocurrency in terms of market cap. Asked to share some thoughts on BTC, Fink said that the digital asset might see a...
Read More »Cartesi Unveils Optimistic Rollups Aiming to Reduce Ethereum Transaction Fees
The off-chain decentralized computation platform Cartesi has launched a layer-2 solution to work on top of the Ethereum blockchain. The so-called Optimistic Rollups aims to decrease the high transaction fees by orders of magnitude and support scaling by taking computational demands off-chain.Cartesi’s Optimistic Rollups For The ETH NetworkThe Ethereum network, arguably the most utilized blockchain in the field with various ERC-20 tokens, stablecoins, and serving as the underlying technology...
Read More »Robinhood Restricts Crypto Trading Due To ‘Extraordinary Market Conditions’
The US financial services company Robinhood continued with restricting its users from accessing its most popular products. After yesterday’s halt of GME stocks, the platform has suspended instant cryptocurrency buying, citing “extraordinary market conditions.”Robinhood’s Restrictions Reach CryptoFollowing the GameStop sage, in which the company’s stocks went parabolic driven by retail interest, Robinhood barred traders from buying its shares. The firm argued that it was looking out for its...
Read More »CoinMarketCap Adds Wall Street Bets (WSB) Informational Ticker
To say that the last few days have been exciting would be a massive understatement in regard to the global financial markets.A group of retail investors, united behind the same cause of rebelling against “smart money” on Wall Street, brought out plenty of things that are wrong with the status quo. Wall Street Bets, as their subreddit was originally called, has also caught the attention of the cryptocurrency community, with the leading monitoring resource, CoinMarketCap, dedicating an...
Read More »Binance, Kraken, and Bittrex Experienced Technical Issues Amid Bitcoin Rollercoaster
After another day that reminded of the volatility in the cryptocurrency market, Binance has experienced technical difficulties that resulted in temporarily halting withdrawals. Nevertheless, the leading exchange reassured its customers that all funds are safe and later announced it had resolved the problem.CryptoPotato reported earlier that BTC, as well as most alternative coins, skyrocketed in a matter of minutes after Tesla’s CEO Elon Musk updated his Twitter profile to include only...
Read More »Crypto Market Cap Tops $1T as Bitcoin Price Touched $38K Following Elon Musk’s Engagement
The cryptocurrency market capitalization has exploded above $1 trillion as Bitcoin surged to $38,000 following a recent pro-BTC action taken by Tesla’s Elon Musk.The alternative coins joined the ride as well, including Ethereum touching $1,400 and XRP surging above $0.28.Bitcoin Touches $38K Following Musk’s EngagementCryptoPotato reported earlier that the primary cryptocurrency was struggling with maintaining its price above $32,000. While the bears were looming in, a compelling development...
Read More »Michael Saylor’s MicroStrategy to Look for More Ways to Buy Bitcoin
Upon announcing its Q4 2020 results, the large NASDAQ-listed business intelligence company MicroStrategy vowed to continue with investing excess cash in bitcoin. Furthermore, Michael Saylor’s firm plans to explore other approaches that will enable it to allocate even more funds in BTC.MicroStrategy’s To Buy Even More BTC?Described as the “largest independent publicly-traded business intelligence company,” MicroStrategy made history in 2020 with several massive purchases worth over $1 billion...
Read More »Elon Musk Puts Bitcoin as His Twitter Bio: BTC Price Spikes $5000
The world’s richest man, Elon Musk, has put Bitcoin as the only word in his Twitter bio. As a result, the price of bitcoin skyrocketed.Elon Musk, the CEO of Tesla has put Bitcoin as the only word in his Twitter bio.The high-ranked executive also tweeted minutes later that “in retrospect, it was inevitable.”What’s interesting is how this impacted Bitcoin’s price.In less than a few minutes, BTC jumped from a low of around $32,070 to a high of around $37,060 – adding $5,000 to its dollar...
Read More »Bitcoin Cash Analysis: Fresh Increase Likely Above $420
Bitcoin cash price declined after it failed to clear the $465 resistance against the US Dollar.The price even spiked below the $400 support and settled well below the 55 simple moving average (4-hours).There is a short-term rising channel forming with support near $390 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could recover above $420, but it might face a strong resistance near the $440 level.Bitcoin cash price is struggling to gain momentum above $400...
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