EOS price retested the $2.400 support area and it is currently correcting higher against the US Dollar.The price is currently trading near the $2.550 resistance and the 55 simple moving average (4-hours).There is a key contracting triangle forming with resistance near $2.650 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could start a strong increase if it clears the $2.650 resistance zone in the near term.EOS price is slowly recovering higher against the US...
Read More »Litecoin (LTC) Price Analysis: Facing Key Hurdles Near $45
Litecoin price found support near $41.50 and it is currently correcting higher against the US Dollar.LTC price is likely to face a lot of hurdles on the upside near $44.50 and $45.00.There is a major bearish trend line forming with resistance near $45.20 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could struggle to clear the $45.00 resistance, above which it might rally to $48.80.Litecoin price is showing signs of an upside correction against the US Dollar,...
Read More »Bitwage Introduces New BTC-Based 401K Program
Gemini and Bitwage are unveiling a new 401K plan that’s centered around bitcoin.Bitwage Is Bringing You a BTC 401KThis is more proof that bitcoin and its crypto cousins are becoming far more mainstream and legitimate. The idea of investing one’s retirement funds in crypto can be terribly tricky considering that digital assets are known for their volatility and for jumping up and down like rabbits during Easter. That, by itself, is something to be concerned about, but to put one’s retirement...
Read More »Reddit Co-Founder Alexis Ohanian: A Crypto Spring Is Coming Soon
Is a crypto spring on our heels? According to longtime crypto investor and Reddit co-founder Alexis Ohanian, it most certainly is.Alexis Ohanian – Things Are Going to Get Big in the Crypto SpaceA crypto spring is the exact opposite of a crypto winter, which is what was experienced in the year 2018. At that time, bitcoin – along with many of its altcoin cousins – were failing to reach green territory and spent most of the year suffering from consistent price swings that continually brought...
Read More »Bitfury Allows Institutional Players to Invest in Its Data Centers
Bitcoin mining and hardware firm Bitfury has announced that it will give accredited investors everywhere the opportunity to invest in its data and mining centers.Bitfury Allows Investors Access to MiningAccredited investors (or institutional investors, as they’re often called) are widely considered to be among the primary ingredients in making bitcoin and other forms of cryptocurrency more mainstream and legitimate. However, institutional players have shown a great reluctance to enter the...
Read More »Cardano (ADA) Price Analysis: More Gains Possible Above $0.058
ADA price is trading in a positive zone above the $0.0500 pivot level against the US Dollar.The price is likely to continue higher towards the $0.0580 and $0.0600 resistance levels.There is a key contracting triangle forming with resistance near $0.0550 on the 4-hours chart (data feed via Kraken).The price remains well supported on dips above the $0.0500 and $0.0480 support levels.Cardano price is trading with a bullish angle against the US Dollar and bitcoin. ADA price could surge if it...
Read More »Bitcoin Price Analysis: BTC Eyeing Downside Thrust Before Reversal
Bitcoin price is declining and trading below the $9,000 level against the US Dollar.It is currently showing bearish signs and it could slide further towards the $8,410 support.There is a major contracting triangle forming with resistance near $8,900 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could dive towards the $8,400 and $8,300 levels before it starts a decent increase.Bitcoin price is currently trading in a bearish zone below $9,000 against the US Dollar....
Read More »Robo Forex and Other Exchanges Look to Make Trading Easier
International financial broker Robo Forex has added more crypto trading pairs to its platform. In addition, the company has also worked to improve trading pairs for customers with higher-end accounts.Robo Forex: It’s Now Easier to TradeUp until the time of writing, customers of Robo Forex could only trade and sell digital currencies that were paired with fiat. Some of these pairs included BTC/USD, ETH/USD, and LTC/USD. However, those with pro-standard and ECN accounts will have the ability to...
Read More »SENSO Currency Added to Bitcoin.com Trading Platform
The Sensorium Corporation – which deals in virtual reality (VR) and artificial intelligence (AI) – has unveiled its new SENSO token, which is now available for purchase on the Bitcoin.com exchange, arguably the largest and most popular cryptocurrency exchange in the world other than Binance.The SENSO Token Is Here to TradeAlready, traders will have access to a SENSO/ bitcoin cash (BCH) trading pair. In addition, they can sell and exchange the currency for the many other digital tokens that...
Read More »The U.S. vs. China: How It Could Work for BTC
Could the United States and China enter a cold war now that the coronavirus pandemic is beginning to calm down? According to some analysts, this is very much a possibility, and should both east and west take this route, the results could be quite positive for both gold and bitcoin.A Cold War Between the U.S. and China?Both assets have been getting a lot of attention lately from figures such as Robert Kiyosaki, the author of “Rich Dad, Poor Dad.” In a series of tweets, Kiyosaki recently warned...
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