Crypto news

Bitcoin price started a strong increase above the $18,000 and $18,500 resistance levels against the US Dollar.The price traded as high as $19,454 and it settled nicely above the 55 SMA (H4).There is a major bullish trend line forming with support near $18,400 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is currently correcting gains, but dips are likely to be limited below $18,400.Bitcoin price is trading in a nice uptrend above $18,500 against the US Dollar....

Bloomberg’s Mike McGlone has emerged to mention that the price of bitcoin could potentially reach $170,000 come 2022.McGlone Is Always There When Bitcoin SpikesMcGlone is a leading expert when it comes to bitcoin and the price trends its follows. He commented in a recent interview that over the past year, bitcoin has followed a specific pattern of adding a zero to its price following every 12 months. For example, he comments that bitcoin ended 2019 in the $7,000 range. Now, it is trading for...

As of late, everyone appears rather bullish on bitcoin considering the asset just rose past $18,500 – the highest it’s been in roughly three years. While everyone is positive that the currency is likely to keep on shooting up, many people have different reasons for believing this, and for BlackRock’s CIO of fixed income Rick Rieder, the reason is millennials.Millennials Are Why Bitcoin Is Doing so WellMillennials are members of a younger generation that allegedly spent their teen years, or...

No doubt bitcoin has had a rather solid year thus far, but it looks like things may be on the verge of exploding even further. The currency has doubled its price in the last six months and has recently surpassed its market capitalization from 2017.Bitcoin Is Surging Like Never BeforeMany analysts believe the asset could be on the verge of reaching a $1 trillion value. One of these figures is Bloomberg Intelligence senior commodity strategist Mike McGlone, who in an interview said:$20,000...

XRP/USD – XRP Rampage Continues As Bulls Target $1Key Support Levels: $0.65, $0.6, $0.55Key Resistance Levels: $0.718, $0.75, $0.8, $0.85, $0.89.The unprecedented XRP rampage continued today with another 25.8% price surge allowing XRP to hit $0.69 at the time of writing. The cryptocurrency had actually pushed as high as $0.84 during today’s trading session but has since dropped lower.This price explosion took everybody by surprise this week when XRP started to climb above $0.3. From there,...

[PRESS RELEASE – Please See Disclaimer]CryptoLocally has recently announced the launch of GIVernance, making them the first fully decentralized peer-to-peer exchange in the world. This is another first from CryptoLocally which earlier became the first P2P crypto marketplace with a DeFi feature with its Finance Wallet. GIVernance invites GIV token holders to lead CryptoLocally’s direction by integrating a governance model at its heart.Decentralized Governance Through GivernanceGIVernance is...

President-elect Joe Biden has picked the former US Federal Reserve Chair Janet L. Yellen as the next Treasury secretary.The cryptocurrency community has shown skepticism regarding the potential effects on Bitcoin, as Yellen has historically displayed negativism on BTC.Biden Nominates Yellen For Treasury SecretaryAs firstly reported by The Wall Street Journal, the US president-elect Joe Biden has decided to nominate the former Fed Chairwoman Janet Yellen as the next Treasury secretary.Although...

Bitcoin price has managed to shake off fears of a correction today and is continuing to print new highs. During the start of the European trading session this morning between 08:00 -10:00 (UTC), BTC surged over $700 as a further $20 billion poured into the global crypto market.After hitting the first resistance at $19,100 – as mentioned in our last analysis – bulls are now pushing to overcome the next wall at $19,300 (as of writing these lines). If they’re successful here, Bitcoin’s all-time...

Bitcoin price just surged past the $19,000 mark and is looking to retake the previous all-time high of $20,000. This spike in volatility has caused all BTC markets to experience some serious trading traffic – especially the bitcoin futures market. And how? Well, open interest in the Binance futures market just topped $1.2 billion.Binance Bitcoin Futures Market Register Record Open Interest And Daily VolumesAccording to the crypto market and on-chain analysis firm Glassnode, the bitcoin...

The popular decentralized cryptocurrency exchange (DEX), IDEX, has announced a multi-chain solution that is intended to expand its entire infrastructure to additional blockchains, namely, Polkadot and Binance Smart Chain.IDEX Expands to Binance Smart Chain and PolkadotIn a press release shared with CryptoPotato, IDEX has revealed its multi-chain solution. Called Multiverse, it’s intended to expand the DEX’s infrastructure, including its layer-2 scaling and staking solutions to additional...