Tag Archives: News

Bitcoin cash price started a fresh increase above the $255 and $280 resistance levels against the US Dollar.The price even tagged the $300 resistance area and it is currently consolidating gains.There is a key bullish trend line forming with support near $285 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair is likely to surge again if it clears the $300 resistance in the near term.Bitcoin cash price is trading in a strong uptrend above $280 against the US Dollar....

Despite all bitcoin has accomplished over the past 12 years, it looks like the world’s number one cryptocurrency by market still holds a very prominent place amongst dark market users, according to a new report by Chainalysis.Chainalysis: Nearly 1 Million BTC Owned By HackersThe blockchain and cybersecurity firm reports that roughly 900,000 bitcoin units are owned by hackers, scammers, and dark web buyers. This represents close to five percent of the globe’s total BTC supply and amounts to...

The founder and chief executive of Galaxy Digital Michael Novogratz said in an interview recently that he fully expects the price of bitcoin to reach $20,000 by the end of the year. This would place the world’s number one cryptocurrency by market cap at its all-time high again, which it previously attained three years ago in 2017.Mike Novogratz: BTC Will Be at $20K Again SoonThe bitcoin price has been surging as of late. At the time of writing, bitcoin is trading for over $11,200, and...

It’s finally happened, folks. After weeks – nay, months – of waiting for bitcoin to get its act together, the world’s leading cryptocurrency by market cap has finally shot beyond the $11,000 mark.Bitcoin Has Reached New Heights for the YearIt hasn’t been easy for the currency to reach such a summit. It has tried time and time again throughout 2020, but for the most part, has seemingly come up short each time. While bitcoin has managed to jump above the $10,000 range a few times throughout the...

EOS price started a steady increase above the $2.800 and $3.000 resistance levels against the US Dollar.The price traded to a new monthly high at $3.147 and settled above and the 55 simple moving average (4-hours).There is a key bullish trend line forming with support near $2.850 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could correct lower in the short-term, but dips might find buyers near $2.950 and $2.850.EOS price is back in a bullish zone above $2.800...

Litecoin price gained bullish momentum above the $45.00 and $50.00 resistance levels against the US Dollar.LTC price traded to a new monthly high at $58.07 and settled above the 55 simple moving average (4-hours).There is a short-term contracting triangle forming with resistance near $55.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could start a fresh rally if it clears the $55.50 and $56.00 resistance levels in the near term.Litecoin price is trading in a...

Gold and bitcoin appear to be surging at the same time.Gold and Bitcoin Are Heading for the TopThis has set up all kinds of questions that we haven’t really dealt with before, a big one being, “Are gold and bitcoin suddenly correlated?” As of late, the big question has been whether stocks and bitcoin are correlated, but present circumstances suggest that BTC and gold are more similar than originally thought. For all those who have called bitcoin the “digital version” of gold, the present...

There are several conflicting reports in the crypto world as of late. Despite the idea that bitcoin is surging like mad and is on the verge of once again striking the $11,000 range, it looks like things are very up and down otherwise for both miners and institutions.The Bitcoin Market Is Straddled with Ups and DownsRecently, Live Bitcoin News reported that Bit Farms, a cryptocurrency mining firm, is straddled with heavy debt and is struggling to repay the $20 million+ it owes by the time 2021...

Bitcoin has surged as of late, but according to many experts and analysts, now is not the time to buy.Some Analysts Say “Stay Away” from BitcoinThe sentiment is that the current jumps aren’t going to last, and that there is only a seven percent chance that the asset will again reach its all-time high of nearly $20,000 this year, according to many options markets. Gavin Smith – chief executive of crypto firm Panxora – explained in an interview:Our view for the balance of 2020 is still high...

ADA price tested the $0.1500 resistance zone and corrected lower against the US Dollar.The price is currently trading well above the $0.1400 level and the 55 simple moving average (4-hours).There is a key contracting triangle forming with resistance near $0.1495 on the 4-hours chart (data feed via Kraken).The price is likely to accelerate higher if there is a clear close above the $0.1500 resistance.Cardano price is trading in a nice uptrend above $0.1350 against the US Dollar, similar to...