Bitcoin has been on a massive bull run as of late. The digital currency has been doing so well that London-based asset firm Coin Shares is telling all its customers to move approximately four percent of their money into bitcoin and crypto.Coin Shares: 4% Is BestAt the time of writing, bitcoin is trading for just over $11,500, which is about $400 lower than where it stood on Monday, though it’s still $200 higher than where it stood 24 hours ago. Bitcoin experienced a nasty $600 fall yesterday...
Read More »Stellar Lumen (XLM) Price Could Extend Decline Before Fresh Rally
Stellar lumen price started a steady decline from the $0.1180 resistance zone against the US Dollar.XLM price declined below the $0.1080 support level and the 55 simple moving average (4-hours).There is a key declining channel forming with resistance near $0.1050 on the 4-hours chart (data feed via Kraken).The pair could extend its decline towards the $0.0950 support before it might start a fresh increase.Stellar lumen price is slowly moving lower below $0.1050 against the US Dollar, while...
Read More »Bitcoin Price Analysis: BTC Could Restart Rally If It Clears This Hurdle
Bitcoin price is holding a couple of important supports near the $11,200 level.The price is slowly rising, but it struggling to clear $11,600 and the 55 SMA (H4).There is a key bullish trend line forming with support near $11,200 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair must clear the 55 SMA and the $11,600 resistance to restart its rally in the near term.Bitcoin price is showing a few positive signs above $11,000 against the US Dollar. However, BTC must...
Read More »DGTX Crypto Trading Platform Offers Zero Fees to Its Customers
Adam Todd – CEO and developer of Digitex Futures, a cryptocurrency futures exchange that offers its customers zero fees – says that his company’s native cryptocurrency DGTX is slated to change the way individuals trade digital assets forever.DGTX Has a Unique Way of Bringing Traders to the TableHe says that the biggest thing that DGTX has going for it is that whoever engages in trading the asset will ultimately experience commission-free trades. That means there are no third parties that will...
Read More »Russia Says It Will Permit Some Crypto Trading Beginning Next Year
It looks like Russia has a relatively healthy attitude towards cryptocurrencies after all.Russia Says It’s Not Banning Crypto FullyBeginning on January 1 of next year, Russians can engage in various cryptocurrency-related activities including trading, buying and selling them with exchanges and for other digital tokens. The country’s relationship with digital money has been something of an up-and-down game over the past few years, and now it looks like officials have finally taken a stance.The...
Read More »MicroStrategy Inc. CEO Invests More Than $200 Million in BTC
With bitcoin moving so stealthily over the past few weeks, it seems like several businesses are looking to get their hands on it and add it to their growing portfolios. One such company is intelligence software firm MicroStrategy Inc., which recently spent $250 million on roughly 21,000 bitcoin units.MicroStrategy Is Heading the Bitcoin GameAt the time of writing, bitcoin has suffered another disastrous drop of about $600, falling from the high $11,900 range into the low $11,300 range. It’s...
Read More »Tron (TRX) Price Analysis: Trading Near Breakdown Zone In Uptrend
Tron price started a steady decline after it failed to clear the $0.0220 resistance against the US Dollar.TRX price declined below the $0.0205 support zone and the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $0.0196 on the 4-hours chart (data feed via Bitfinex).The pair could either start a fresh increase above $0.0200 or it might extend decline below $0.0195.TRON price is struggling to stay in a positive zone against the US Dollar, similar...
Read More »Ethereum Price Analysis: ETH Trading Near Key Inflection Point
Ethereum price started a downside correction after it failed to clear the $400 barrier against the US Dollar.ETH price is currently declining and it is trading below the $380 support level.There was a break below a major bullish trend line with support near $380 on the 4-hours chart (data feed from Coinbase).The pair is currently following a key declining channel and it is approaching the $365 support zone.Ethereum price is currently correcting lower from the $400 barrier against the US...
Read More »Three Teens Unveil Rari Capital, a New Decentralized Finance and Crypto Platform
Getting a business off the ground is hard work, but for three crypto-loving teenagers, that dream has become a reality. Jai Bhavnani, Jack Lipstone and David Lucid are between the ages of 18 and 19, but they’re already in charge of a new crypto startup called Rari Capital.Rari Capital Has Grown Into Something Much BiggerThe company is both a traditional manager of portfolios and assets and a provider of long-term investing strategies. All three of the company’s founders have been actively...
Read More »Goldman Sachs Is Looking to Build Its Own Cryptocurrency
Goldman Sachs appears to be changing its tune yet again on bitcoin and is delving deeper into the crypto space.Goldman Sachs Is Changing Its Stance on BTCThe company announced that it is appointing a new head of crypto and says that it will look into potentially building its own virtual token as a means of competing with the world’s number one digital currency by market cap. These are big words coming from a business that just three months ago, hosted an entire seminar about why bitcoin...
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