Tag Archives: btcusd

Middle East’s Lebanon is a country with well-known economic issues, deepening for years and peaking during the COVID-19 pandemic.With the nation’s unfavorable situation, numerous prominent economists have offered widely-ranging solutions to the depreciating local currency and USD dependence. Nevertheless, a recent report explored the possibility of a more untraditional solution – Bitcoin.Lebanon: How Did It Get Here?The country’s economy is primarily based on services with the tourism sector...

Cryptocurrency markets have remained in consolidation over the weekend with little movement from the high cap coins. Total market capitalization has increased slightly to $274 billion, but in general, things have remained in consolidation.Bitcoin prices dipped to a weekend low of $9,150 (Bitstamp), but things had recovered slightly during Monday’s first hours of trading. At the time of writing, prices were nudging $9,240, but the overall outlook for BTC was still range-bound.Bitcoin Price...

Without any shred of doubt, today’s spotlight in the cryptocurrency market is entirely on Chainlink (LINK). The price for the token surged with about 40% to reach $8.480 on Binance and shatter all perceived resistances on the way up.Chainlink (LINK) Price ExplodesAll eyes are focused on Chainlink (LINK) as its price increased by about 40% during the last 24 hours. The cryptocurrency reached a new all-time high (ATH), as it managed to surge to $8.480 on Binance.The price has since retracted,...

Ethereum has seen its active addresses count explode by nearly 150% since the start of the year. Its addresses are also massively outperforming Bitcoin’s despite being up by 50% YTD.Ethereum Outperforms BTC In New Active AddressesAccording to data provided by the blockchain monitoring company Messari, the number of Ethereum active addresses year-to-date has surged by 145%.New Active Addresses Ethereum And Bitcoin. Source: MessariThe chart illustrates a couple of significant surges. The first...

Trading in financial markets can be a profitable but also dangerous endeavor. It requires knowledge, skills, and experience no matter the market traders are employing.Of course, gaining experience could be related to actually registering losses but it could also help to learn from traders with a long history in the field. CryptoPotato recently had the chance to interview one such trader – Chris Dunn.Dunn is among the first YouTubers specialized in the field of Bitcoin and cryptocurrency...

Poloniex, one of the veteran cryptocurrency exchanges, will be joining the derivatives party. The venue has launched Poloniex Futures – a platform that allows traders to use BTC perpetual swaps with USDT as collateral and up to 100x leverage.Poloniex Joins the Bitcoin Futures PartyAccording to an official release dated July 11th, Poloniex has announced the launch of its Futures trading platform.Following the launch, traders will be able to adequately long or short Bitcoin using a leverage...

Craig Wright, the man who claims to be Bitcoin inventor Satoshi Nakamoto, says Bitcoin is not and was never intended to be, censorship-resistant.According to Wright, who wrote in a blog post from July 10 titled What is Censorship Resistance, the common assumption that Bitcoin holders are protected from economic censorship is nothing but a myth.And the scary thing is, Wright might be right.Craig Wright: No Censorship Resistance on BitcoinWright’s latest blog post drew analogies between Bitcoin...

The lack of substantial price movements from Bitcoin during the past 24 hours, while simultaneously altcoins and, DeFi tokens, in particular, rise, means that BTC’s dominance over the market continues to decline to its yearly low.Altcoins And DeFi On The RiseThe altcoin market indicates several impressive gainers throughout the past 24 hours. Above all now stands Ampleforth (AMPL), with a significant increase of over 30% to $4.This surge comes merely weeks after the company announced the...

Unlike Bitcoin’s stability, the altcoins are celebrating in their own party. Bitcoin dominance recently reached its yearly-low areas after dropping below 62.5% over the past few hours.Wild Move Upcoming?From a technical point of view, Bitcoin’s stability period like this usually ends with a wild move. The indicator we mainly use to measure volatility is the Bollinger Bands.Those are the three lines following the price action’s candlesticks on the following daily chart. Whenever the upper and...

Bitcoin prices followed stock markets down on Friday, sliding to an intraday low of $9,050; however, the primary cryptocurrency was able to recover in order to reclaim $9,300 over the past day but failed to break resistance there, sliding again to around $9,200 during most of Saturday.BTC/USD, Bitstamp. Source: TradingViewThe move has kept BTC within its range-bound channel as the consolidation, which began in early May, resumes. Trading volumes and volatility is dwindling, which could signal...