Tag Archives: News

Bitcoin and Dogecoin are two of the world’s biggest digital currencies right now. They have both been spiking like crazy as of late, with Dogecoin now taking the lead and working hard towards potentially reaching one dollar per unit by the end of the year. While they both look similar at first glance, Mike Novogratz – a billionaire investor and former hedge fund manager – claim that these assets could not be more different, and that investors need to be aware of the...

It appears that Jack Dorsey – the man behind Facebook competitor Twitter and payment processor Square – and Elon Musk, the South African entrepreneur responsible for bringing both Tesla and SpaceX to the mix, agree on one thing. That thing is the future and power of bitcoin mining. Bitcoin Mining Is the Center of Many Arguments In a recent tweet, Dorsey commented that bitcoin “incentivizes” renewable energy. From there, he received a response from Musk which simply read...

Bitcoin has been undergoing a serious correction as of late. The world’s number one digital asset by market cap has hit a new high of approximately $63,000 per unit, but since that day, it has lost about $8,000 off its price. Thus, the currency is now trading for just over $55,000, and companies such as JPMorgan are beginning to take notice. JPMorgan: We Need to See $60K Again Soon In a new report, JPMorgan appears to be rather bearish on bitcoin… again. To be fair, it...

ADA price started a fresh increase after testing the $1.00 support against the US Dollar. The price is now trading above the $1.200 support and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $1.150 on the 4-hours chart (data feed via Bitfinex). The price is likely to continue high above the $1.300 and $1.348 resistance levels. Cardano price is rising and trading above $1.200 against the US Dollar, similar...

Ethereum price started a fresh increase after testing the $2,000 support against the US Dollar. ETH price is currently trading well above $2,300 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $2,200 on the 4-hours chart (data feed from Coinbase). The pair is likely to continue higher towards the $2,600 level or even $2,800. Ethereum price is showing positive signs above $2,300 against the US Dollar. ETH/USD...

Bitcoin keeps shooting higher for the most part. While it suffers from corrective periods such as right now (the asset is presently trading for about $55,000 per unit – roughly $8,000 less than where it was two weeks ago), the currency has managed to maintain a certain level of bullish activity, thereby making it one of the top financial tools of the past two years. Now, a price model for bitcoin known as the stock-to-flow model is suggesting that the currency could hit...

Sebastian Siemiatkowski – the CEO and co-founder of Swedish fintech company Klarna – is worried that people do not have enough education before jumping into the world of bitcoin investing. Sebastian Siemiatkowski: Education Is Key Investing can be fun and prosperous. It can also lead into a downtrend of sorts granted one does not know what they are doing before jumping in headfirst, which is arguably what has happened a lot with bitcoin and other cryptocurrencies. Many...

Bitcoin has done rather well this year. For the most part, 2021 has been a continuation of the BTC bull run we began to see towards the end of 2020, but now, it looks like the world’s number one digital currency by market cap has taken a turn for the worse, which is causing some analysts – such as Scott Minerd – to feel differently about the coin. Scott Minerd Predicts an Ugly Future for BTC Minerd of Guggenheim Partners has recently repeated the same warning he issued...

Stellar lumen price declined heavily from well above $0.6000 against the US Dollar. XLM price is now trading well below $0.5000 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.4500 on the 4-hours chart (data feed via Kraken). The pair is likely to start a fresh increase if it clears the $0.4500 and $0.5000 resistance levels. Stellar lumen price is consolidating above $0.4000 against the US Dollar, while...

Ripple price declined heavily from well above the $1.800 level against the US dollar. The price is now trading below the $1.20 support and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1.155 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a major increase if there is a clear break above $1.155 and $1.160. Ripple price is attempting a recovery from $0.885 against the US...