Tag Archives: News

Bitcoin has been exploding over the past year. Aside from experiencing heavy price booms that saw the currency rise from about $10,000 to $40,000 in just three months and attain all kinds of new highs, the currency has also been seeing fresh waves of institutional interest from the likes of companies such as MicroStrategy and Tesla, which have both purchased billions of dollars-worth of the asset. Now, asset manager Ruffer claims that things are just getting started for...

It’s only been a few weeks since Canada introduced the world to the first bitcoin-based exchange-traded fund (ETF). Now, it looks like an Ethereum-based ETF may be on its way. The Case for Canada and the Crypto ETF Evolve Funds is the company behind Canada’s BTC ETF, and it looks like the company is already experiencing heavy success with this product. So much, in fact, that it wants to bring similar products to the market, and it feels that Ethereum may be the way to...

Bitcoin has been doing quite well as of late, but as we’ve seen in the past, not everyone is set to be convinced by the world’s largest and most popular digital currency by market cap. Michael Burry – a legendary investor and the subject of both the book and the film “The Big Short” – is one such person and believes that bitcoin is trapped within the confines of a massive bubble. Michael Burry: Bitcoin Is Headed Downhill In a tweet he was quick to get rid of, Burry...

Tron price remained stable above the $0.0420 support zone against the US Dollar. TRX price is now testing the $0.0480 resistance and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.0480 on the 4-hours chart (data feed via Bitfinex). The pair could start a fresh rally if it clears the $0.0480 and $0.0500 resistance levels in the near term. TRON price is showing positive signs above $0.0420 against the US Dollar,...

Bitcoin price traded as low as $43,090 before correcting higher against the US Dollar. The recovered above $48,000, but it is facing hurdles near the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $49,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to start a strong increase if there is a clear break above $50,000. Bitcoin price started an upside correction from $43,000 against...

Bitcoin, despite a few ups and downs over the past week, appears to be doing quite well when compared with where it’s been in the past. No doubt the asset has proven itself in the past 12 months, and the currency is turning out to be one of the top assets a person can invest in. Sadly, not everyone is convinced, as according to a new survey, many of the world’s financial traders view BTC as being trapped in another bubble and feel its recent surges have nothing to do...

From both ends of the world, bitcoin is the target of much speculation. In the west, it appears to be the subject of positivity, with the likes of Citibank commenting that bitcoin is likely to be at the center of much cultural and revolutionary change. In the east, countries like China are looking to implement serious limits on bitcoin and crypto mining. With both sides offering opposing views, it looks like bitcoin has used this time to heal some of its wounds and...

New York attorney general Letitia James has issued a statement to all residents of New York warning them that cryptocurrencies are risky, and that they should think twice before investing in them. Letitia James Warns Against Crypto Usage In the statement, she also takes aim at all cryptocurrency businesses, claiming that if they do not follow the rules set forth by New York and the rest of the country, they are likely to face serious monetary and legal consequences. This...

ADA price extended its rally above the $1.250 resistance and $1.350 against the US Dollar. The price is trading nicely above the $1.200 support and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $1.180 on the 4-hours chart (data feed via Bitfinex). The price is likely to continue higher above the $1.30 unless there is a close below $1.150. Cardano price is trading in a strong uptrend above $1.000 against the US...

Ethereum price corrected lower towards the $1,300 zone before recovering higher against the US Dollar. ETH price is currently trading well above $1,500 and the 55 simple moving average (4-hours). There was a break a key bearish trend line with resistance near $1,480 on the 4-hours chart (data feed from Coinbase). The pair is likely to continue higher if it clears the $1,650 and $1,700 resistance levels in the near term. Ethereum price is recovering from $1,300 against...