On the 1D BTC/USD chart, we can see that the leading crypto-asset remains range-bound between the daily $8,600 and $10,000 levels.Rumors earlier in the week regarding PayPal possibly adding support for Bitcoin and other cryptocurrencies on its platform, sparked a small rally but failed to fuel a much-needed breakout above a key resistance level at $9,780.The pump was subsequently followed by a sharp sell-off below the previous weekly open at $9,300 (white line on the following chart), which...
Read More »Binance Rolls Out 50x Leverage For Compound (COMP) While OKEx Adds Support For Spot Trading
Binance, the world’s largest cryptocurrency exchange, has announced its plans to roll out a COMP/USDT Perpetual Contract. This is coming barely two weeks after the COMP governance token was launched by DeFi largest protocol, Compound Finance.Trading COMP With 50x LeverageStarting tomorrow, Tuesday, June 30 at 09:00 AM (UTC), Binance Futures traders will be able to both long and short COMP on perpetual contracts, using leverage between 1x and 50x.Unlike traditional futures contracts, a...
Read More »Ethereum Price Analysis: ETH Sideways Action Around $230 Continues, Huge Move Coming Up?
Ethereum saw a slight price drop today as the coin falls from $250 into the $233 level.Luckily, Ethereum found support at the rising trend line as the buyers battle to remain above.Against Bitcoin, Ethereum is re-testing the strong resistance at 0.0253 BTC.Key Support & Resistance LevelsETH/USD:Support: $225, $215, $210.Resistance: $250, $265, $275.ETH/BTC:Support: 0.025 BTC, 0.0243 BTC, 0.0239 BTC.Resistance: 0.026 BTC, 0.0263 BTC, 0.0266 BTC.ETH/USD: Ethereum Returns To Trend Line...
Read More »Tether International Leads Celsius $10 Million Funding Round
Tether was among a select group of investors that were accredited to take part in the Celsius funding round.Tether International, the issuer of USDT is among the investors in the recent Celsius funding round. Celsius, the decentralized finance network announced that the sister company to Bitfinex is the highest investor in the round that has seen Celsius valuation at $120 million.The company is a decentralized lending platform that claims it manages a $680 million portfolio with $17 million...
Read More »Bityard Review
Platform: BityardURL: https://www.bityard.com/Company: BItyard Blockchain LimitedCountry: SingaporeLicenses: Bityard is regulated and licensed under the Singapore’s ACRA, USA’s MSB from FinCEN, US Dept. of Treasury, Estonia’s MTR, and Australia’s AUSTRACTrading Instruments: BTC/USDT, ETH/USDT, LTC/USDT, XRP/USDT, BCH/USDT, ETC/USDT, EOS/USDT, TRX/USDT, DASH/USDT, LINK/USDTPayment Methods: BTC, ETH, XRP, EOS, TRX, HT, USDT (Omni, ERC20, TRC20), Visa, MasterCardMotto: “Complex Contract, Simple...
Read More »This Is Why Bitcoin and Altcoins are Correlated On The Short Term, Investor Explains
Bitcoin and alternative cryptocurrencies have become largely correlated over the past couple of years. Whenever there’s a serious move in the price of BTC, altcoins are almost always following the lead.A well-known startup investor and trader, Qiao Wang, took the opportunity to comment on the matter, outlining the reason for this correlation.Why Bitcoin and Alts Are Correlated?According to the specialist, the correlation between Bitcoin and alternative cryptocurrencies has a lot to do with...
Read More »Ethereum Price Analysis: Bullish Trend Intact But ETH Is Testing Critical Support
Ethereum dropped by a small 1% over the past 24 hours as it fell to $232.The cryptocurrency is still trading above a rising trend line that has been in play since mid-March 2020.Against Bitcoin, Ethereum found support at 0.0243 BTC as it looks to tackle 0.025 BTC again.Key Support & Resistance LevelsETH/USD:Support: $225, $215, $210.Resistance: $245, $250, $265.ETH/BTC:Support: 0.0243 BTC, 0.0239 BTC, 0.0235 BTC.Resistance: 0.025 BTC, 0.0253 BTC, 0.026 BTC.ETH/USD: Ethereum Bullish...
Read More »Loopring Lists pBTC: A Quicker Cross-Chain Bridge From Bitcoin to Ethereum
The non-custodial, decentralized exchange, Loopring, has listed pBTC – a token that acts as a fully-backed Bitcoin equivalent on the Ethereum blockchain.The addition of pBTC to Loopring – the fastest decentralized exchange (DEX) based on Ethereum – gives Bitcoin users a quick on-ramp to Ethereum’s decentralized finance (DeFi) ecosystem.Loopring Lists pBTCProvable Things – the developers of pBTC – announced the listing of pBTC against stablecoin Tether (USDT) on June 16. According to...
Read More »Japanese Investors Prefer Bitcoin and Ripple Over Ethereum, Survey Says
A recent survey compiled by the cryptocurrency exchange BitMax indicates that the Japanese are quite fond of Ripple (XRP). Having to choose which their favorite digital asset is, most participants placed XRP close to Bitcoin and well above Ethereum.Japan Adores Ripple (XRP)The popular Japanese exchange posted the survey on Twitter to check among its followers which are their most preferred cryptocurrencies.BitMax Cryptocurrency Survey. Source: BitMaxSomewhat expectedly, the largest...
Read More »Stablecoin Market Cap Hits Record High Above $11 Billion: 100% Growth In 4 Months
The stablecoin market continues to see explosive growth this year, hitting record highs. Findings reveal that the total supply for all stablecoins has surpassed the $11 billion mark, doubling its value since February.100% Growth in 4 MonthsThe market cap for stablecoins was just a little above $5 billion in January, and the number grows to $5.65 billion in February. Following the bloodbath in the crypto market on March 12, the stablecoin supply record unprecedented growth, racing to $10.4...
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