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Coinbase Says That 60% of Its Bitcoin Buyers Go Into Altcoins
14.5.2020
Major cryptoasset exchange Coinbase claims that although most of its users initially favor bitcoin (BTC), the vast majority also go on to trade altcoins and other digital assets.
In a blog post, the platform claimed,
“Among customers with at least five purchases, 60% start with bitcoin but just...
Bitcoin Rallies, Altcoins Gain Momentum
14.5.2020
After a successful close above the USD 9,000 resistance, bitcoin price gained bullish momentum. BTC/USD surged above the USD 9,200 and USD 9,400 resistance levels to move further into a positive zone (08:00 UTC). Going forward, a close above USD 9,550 might open the doors for a push towards...
Bitcoin Returns Above USD 9,000, Altcoins Drop Against BTC
13.5.2020
It took a few days for bitcoin (BTC) price to return above the USD 9,000 level after crashing on the eve of the third mining reward halving.
At pixel time (13:30 UTC), BTC trades at c. USD 9,094 and is up by 4% in a day, almost erasing all its weekly losses. The price is up by 35% in a month...
Bitcoin Struggling Near USD 9,000, Altcoins Show Signs of Life
13.5.2020
After halving, bitcoin price managed to settle above the USD 8,550 pivot level. BTC even climbed above the USD 8,850 resistance, but it seems like it is facing a major resistance near the USD 9,000 zone. If there is a clear break above USD 9,000, the price could start a strong rally.
Looking...
Stablecoin Supply Breaks $10B as Traders Demand Dollars Over Bitcoin
12.5.2020
The value of assets for all stablecoins surpassed $10 billion as more cryptocurrency traders prefer alternative cryptocurrencies using dollar-backed digital tokens instead of bitcoin, according to Coin Metrics data
Post-halving Bitcoin Consolidates, Altcoins Facing Major Hurdles
12.5.2020
After a strong decline, bitcoin price started a decent recovery wave above USD 8,550 ahead of the mining reward halving. BTC/USD even recovered above the USD 8,850 level, but it failed to surpass USD 9,000. As a result, there was a fresh decline and the price is now (08:30 UTC) consolidating in...
Bitcoin And Altcoins At Risk of More Losses
11.5.2020
This past week, we saw a strong bearish reaction in bitcoin price from the USD 10,000 resistance. BTC/USD broke the USD 9,500 and USD 9,000 support levels to move into a bearish zone. The price is currently consolidating above USD 8,500 and remains at a risk of more downsides.
Similarly, most major...
Bitcoin Dives, Erasing All Weekly Gains, Altcoins Bleed Too
10.5.2020
In a sudden move in early Sunday hours (UTC time), bitcoin (BTC) price crashed around 10%, leaving traders perplexed. In the top 10, all coins, except tezos (XTZ), are down in double-digits.
At pixel time (04:50 UTC), BTC trades at c. USD 8,534 and is down by 13% in a day, erasing all weekly gains...
Here’s Why Altcoins Bouncing as Bitcoin Retraced From $10K Is Bullish
9.5.2020
Tezos, Chainlink and Ethereum are just some of the altcoins playing catch up while Bitcoin price takes a breather from $10,000
Bitcoin Gains Traction Ahead of Halving, Altcoins Struggle To Follow
8.5.2020
In the past two days, there was a steady rise in bitcoin price above the USD 9,000 and USD 9,200 resistance levels. BTC even broke the USD 9,500 resistance and spiked above USD 10,000. It is currently (08:30 UTC) correcting lower, but dips remain supported above USD 9,550 and USD 9,500.
However...
Bitcoin Rising Steadily While Altcoins Show Negative Signals
7.5.2020
After a successful close above USD 9,000, bitcoin price extended its upward move. BTC/USD surpassed the USD 9,200 resistance and tested USD 9,400. It is currently (08:30 UTC) consolidating above USD 9,200 and facing hurdles near USD 9,400, USD 9,440, and USD 9,500.
On the other hand, most major...
Bitcoin and Altcoins Try To Extend Gains
6.5.2020
In the past few hours (08:30 UTC), bitcoin price showed signs of bullish continuation at the USD 9,000 level. Should BTC/USD move towards the USD 9,200 resistance, it could continue to rise towards the USD 9,500 level. If not, the price might correct lower towards USD 8,850 or even...
Telegram Forces US Investors to Take 72% Refund and Exit Gram Token Project
5.5.2020
Telegram is now forcing U.S investors to immediately exit its TON blockchain project by accepting a 72% refund on their original investment. The encrypted messaging platform’s unexpected volte-face also disqualifies American investors from the loan option, which promised a 110% refund either...
Bitcoin and Altcoins Signaling Possible Fresh Increase
5.5.2020
Recently, bitcoin price corrected lower below the USD 9,000 level. BTC/USD tested the USD 8,550 support zone and it is now (08:30 UTC) recovering higher. There was a break above the USD 8,850 resistance and it seems like the price might gain momentum above USD 9,000.
Similarly, there was a decent...
Bitcoin And Altcoins In Corrective Decrease: Key Supports To Watch
4.5.2020
This past week, we saw a strong upward move in bitcoin price above the USD 8,850 resistance area. BTC/USD even surpassed the USD 9,200 resistance and traded close to USD 9,500. Recently, it started a downside correction below USD 9,000 and it could correct further towards USD 8,550 or...
Bull Flag Breakout Brings Bitcoin Price to $9,200 — Altcoins Follow Suit
3.5.2020
Bitcoin bulls recaptured the $9K mark for the second time in 24-hours and this time it looks like traders are targeting the $9.4-$9.6K zone
Bitcoin and Altcoins Correct But Uptrend Looks Intact
1.5.2020
Yesterday, there was a significant rally in bitcoin above USD 8,500 and USD 9,000. BTC/USD surged around 20% and tested the USD 9,500 zone before starting a downside correction. It declined below USD 9,000 and currently (08:30 UTC) consolidating above USD 8,550 (the previous...
Bitcoin And Altcoins Correcting Strong Gains
30.4.2020
In the past two days, there were strong bullish moves in bitcoin above USD 7,550. BTC/USD surged around 20% and surpassed many key hurdles such as USD 8,000, USD 8,500, and USD 9,000. It traded to a new monthly high close to USD 9,500 and it is currently correcting gains.
Similarly, there was...
Bitcoin Inches Towards USD 8K, Altcoins Target Additional Gains
29.4.2020
After a long struggle, bitcoin price was able to break the USD 7,800 and USD 7,850 resistance levels. BTC/USD is currently (08:30 UTC) gaining bullish momentum and it might to continue higher above USD 8,000 and USD 8,050. The next major resistance is near USD 8,320 and USD 8,400.
Also, there were...
Bitcoin And Altcoins Continue To Probe Key Hurdles
28.4.2020
In the past few sessions, bitcoin price struggled to surpass the USD 7,850 and USD 8,000 resistance levels. BTC/USD is currently (08:00 UTC) consolidating above USD 7,650 and likely preparing for the next key break. It could either rally above USD 7,850 or start a substantial decline towards...