Crypto news

Bitcoin kissed the $10K mark goodbye this week as the cryptocurrency dropped to as low as $8,800 on Thursday, reaching the trend-line that was forming since the massive drop in March. As expected, BTC received strong support in that area, and its price quickly recovered to around $9,200, where it’s currently trading.The dump started suddenly as Bitcoin’s price flash crashed on Bitstamp and reached $9,100 in less than a minute. Even though it recovered after that, it turned out to be an...

It has been nearly two weeks since the halving, and yet analysts are still speculating about what could happen in the future for bitcoin’s price.The Halving Still Has People TalkingOverall, halving events in the past have been quite bullish for the currency. This time, however, there seems to have been a lot of activity during the lead up, while the event itself turned out to be a real bore. Not much has happened since Tuesday, May 12. In fact, the currency is down since then, having recently...

Maker DAO just received an influx of almost 2,500 Bitcoin in the past 48 hours, as the number of Wrapped Bitcoin (WBTC) locked in the decentralized finance app increased by 1,921%.Maker DAO is a decentralized lending protocol on Ethereum, which issues the stablecoin Dai (DAI) in return for ETH-based collateral. Since BTC can be represented on Ethereum in the form of Wrapped Bitcoin, that means Bitcoin, too, can be used as ETH-based collateral on Maker DAO.On May 20, just over 130 Bitcoin were...

Cryptocurrency exchange Bittrex has refused to return the 23 million Steem coins it received during the fantastical Steem hard fork saga.During May 20’s Hardfork 0.23, the accounts of 64 Steem stakeholders were to be “seized,” as was revealed by an examination of the code. However, at the last minute, someone from inside Steem managed to redirect the $5 million bounty to Bittrex.This gave victims of the seizure some hope, particularly because the funds were sent without a memo-key – meaning...

Bitcoin is clearly still suffering from the volatility everybody has come to associate it with. About 48 hours ago, after trading above the $9,700 mark for several days, the currency experienced a sudden and unexpected drop that took it down to about $9,300 for a brief period.Bitcoin Has Taken Another FallFrom there, the world’s number one digital asset by market cap rose back into the $9,500 range but has since lost an extra $200 to fall back to $9,300. Thus, the currency has lost about $400...

May 22, 2020, marks the tenth anniversary of the famous Bitcoin Pizza Day, in which a Florida man made the first recorded physical purchase using Bitcoin. On this day in 2010, Laszlo Hanyecz, made a mark in history after he paid 10,000 Bitcoin, which is worth millions of dollars today, for two large Papa John’s Pizzas. Hanyecz is a programmer and a Bitcoin miner who contributed to Bitcoin’s source code during the early days of the network when 1 BTC was less than a penny. 10,000 BTC Was Worth...

BitcoinBitcoin saw a 4.4% price decline over the past seven days of trading as the coin trades at $9,115. The cryptocurrency was at the $9,815 resistance level for the majority of the week as it continuously failed to close above it. Bitcoin went on to slide lower from there on Wednesday as it dropped into the $9,400 level.Yesterday, Bitcoin continued to drop further as it dipped beneath $9,000 to reach as low as $8,800. Luckily, the buyers regrouped to push the coin back above $9,000 before...

The veteran Bitcoin margin trading exchange BitMEX went down for over an hour a few days ago. While the community speculated on several plausible reasons, BitMEX published a post today explaining what happened, how they can prevent similar occurrences in the future, and assuring that all customer funds are safe.Why BitMEX Went DownThe platform “experienced unscheduled downtime” on May 19th between 12:00 UTC and 13:40 UTC. In the blog post from earlier today, BitMEX explained that it was “a...

XRP surged by a total of 3.4% today as the coin breaks back above the $0.2 level.The cryptocurrency managed to rebound from the support at $0.192 (.382 Fib Retracement).Against Bitcoin, XRP is attempting to push higher after printing a fresh 2020 low at 2050 SAT earlier in the week.Key Support & Resistance LevelsXRP/USD:Support: $0.192, $0.18, $0.175.Resistance: $0.207, $0.225, $0.235.XRP/BTC:Support: 2100 SAT, 2070 SAT, 2050 SAT.Resistance: 2200 SAT, 2300 SAT, 2360 SAT.XRP/USD: Bulls...

After losing over 5% in less than 24 hours, Tezos started to show signs of weakness as sellers resume pressure.XTZ made a quick reversal after finding base support at 26000 SAT.XTZ/USD: Tezos Trying To Recover DropKey Resistance Levels: $2.89, $3.07Key Support Levels: $2.375, $2.06XTZ/USD. Source: TradingViewTezos lost over 5% to reach $2.6 over the past hours after getting rejected at the $2.89 resistance yesterday. Sellers are starting to show interest again, and it may lead to more losses...