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Grayscale Buys 50% of All Ethereum Mined in 2020
28.4.2020
Digital asset manager Grayscale Investments bought about 50% of all newly mined ethereum so far this year. It now holds the equivalent of 1.1% of ETH in circulation, according to a post on Reddit. Grayscale operates 10 cryptocurrency investment products focused on institutional investors. As...
Bitcoin, Altcoins Facing Hurdles On The Way Up
27.4.2020
This past week, there was a decent upward move in bitcoin price above the USD 7,200 resistance area. BTC/USD even surpassed the USD 7,550 resistance to move into a positive zone. The price is now (08:00 UTC) facing hurdles near USD 7,850 and USD 8,000, and it is likely preparing for the next...
How Trading Bots Can Pump Altcoins
24.4.2020
Have you ever wondered why “vaporware” coins that have little to offer are still trading among the top digital assets with millions in daily trading volumes and asset prices that just seem off? Well, there are several reasons for that and trading bots are likely one of them.
In this article,...
Bitcoin And Altcoins Consolidate Post-Rally Gains
24.4.2020
Yesterday, we discussed the chances of a fresh monthly high in bitcoin price above the USD 7,200 resistance. BTC/USD did gain bullish momentum above the USD 7,200 and USD 7,450 resistance levels. It traded to a new monthly high close to USD 7,750 and it is currently (08:30 UTC) consolidating...
Bitcoin And Altcoins Target Fresh Monthly Highs
23.4.2020
Yesterday, we discussed the chances of a decent upward move in bitcoin price above the USD 7,000 resistance. BTC/USD did rise above the USD 7,000 and USD 7,050 resistance levels. It tested the USD 7,200 resistance and is currently (08:30 UTC) consolidating gains with minor corrective...
Bitcoin And Altcoins Positioning To Resume Uptrend
22.4.2020
After a short term downside correction, bitcoin price found support above USD 6,750. Recently, BTC/USD consolidated in a range above USD 6,800 and it seems like the bulls are now preparing for an upward move towards the USD 7,050 and USD 7,200 resistance levels.
Similarly, there are positive signs...
Zcash Foundation Cuts Q1 Spending 17% to $2.7 Million – ZEC Tanks 9% in 24 Hours
21.4.2020
The Zcash Foundation cut spending by 17% during the first three months of this year due to Covid-19 pressures. In its first-quarter report, the foundation said it spent only $2.68 million from an initial budget of $3.24 million. The report says: Our budget reduction primarily stems from cancelling...
Bitcoin And Altcoins Flirt With Key Supports Amid Sell-off
21.4.2020
After struggling to surpass the USD 7,200 resistance, bitcoin price started a downside correction. BTC/USD broke the USD 7,000 support and it is currently struggling to stay above USD 6,850. Any further losses may perhaps push the price towards the key USD 6,550 support zone.
Similarly, there was...
Bitcoin And Altcoins Remain in a Positive Zone
20.4.2020
This past week, there was a steady increase in bitcoin price above the USD 6,850 resistance area. BTC/USD even surpassed the USD 7,000 level, but it struggled to accelerate above the USD 7,200 resistance area. It is currently (08:30 UTC) consolidating gains and likely preparing for a fresh increase...
Bitcoin And Altcoins Consolidating Gains Above Key Supports
17.4.2020
Yesterday, we saw a sharp rise in bitcoin price above the main USD 6,850 resistance. BTC/USD even surged above the USD 7,000 barrier, but it struggled to surpass the USD 7,200 resistance. It is currently (08:30 UTC) consolidating gains above the USD 7,000 and USD 6,850 support levels.
Also, there...
Bitcoin And Altcoins Rally, Ethereum Outperforms Major Coins
16.4.2020
Recently, bitcoin price extended its decline below the USD 6,550 support area. However, losses were limited and BTC/USD bounced back sharply after tagging the USD 6,500 area. It is now trading above USD 6,850 and attempting another upside break above the USD 7,200 resistance.
Similarly, most major...
Bitcoin And Altcoins Trading Near Make-or-Break Levels
15.4.2020
In the past few hours, bitcoin price traded with a bullish angle above USD 6,700. BTC/USD managed to climb above the USD 6,850 resistance area, but it is still below the USD 7,000 and USD 7,200 resistance levels. Moving forward, it could either surge above USD 7,200 or start a fresh decline towards...
‘Governments Will be Unable to Shut It Down’ – John McAfee to Launch Privacy Centric Crypto
14.4.2020
The U.S. Presidential candidate who remains on the run from the IRS, John McAfee, announced he’s launching a new privacy coin called Ghost. McAfee says the Ghost cryptocurrency will be a proof-of-stake (PoS) coin and it will be available on his decentralized exchange (dex). The former...
Market Outlook: Bitcoin’s Inverse Head and Shoulders, Covid-19 Fears Decline, CME Futures Gaps
14.4.2020
Digital currency markets have had a few lackluster days, as the entire crypto market valuation has dropped below the $200 billion mark on Monday. The following day on April 14, a number of cryptocurrencies have seen some slight gains between 2-9%. Meanwhile, global markets are reacting positively...
Bitcoin And Altcoins Stay Below Key Hurdles
14.4.2020
After tagging the USD 6,550 support area, bitcoin price started an upside correction. BTC/USD is up more than 3% and it is now trading above USD 6,750. However, the price is still below many key hurdles near USD 6,850, USD 7,000 and USD 7,200.
Similarly, most major altcoins are currently (08:30...
Bitcoin Below USD 7,000 Again, Altcoins Struggling to Recover
13.4.2020
In the past 3-4 days, there was an increase in selling pressure on bitcoin after it broke the USD 7,200 support area. BTC/USD traded below the USD 6,850 support and it could continue to move down towards the USD 6,550 and USD 6,200 support levels in the near term.
Similarly, almost all major...
Bitcoin Drops Below USD 7,000, Altcoins Follow
10.4.2020
After multiple failures to clear the USD 7,400 resistance area, bitcoin price reacted to the downside. BTC/USD broke the USD 7,250 and USD 7,120 support levels to move into a short term bearish zone. BTC is down more than 5% (08:30 UTC) and it could continue to move down.
Similarly, most major...
Bitcoin And Altcoins Eyeing Crucial Bullish Break
9.4.2020
In the past few sessions, bitcoin price traded in a range below the USD 7,400 and USD 7,550 resistance levels. BTC/USD remained well bid above USD 7,120 and it seems like the bulls are eyeing a crucial upside break above USD 7,400 in the coming sessions.
Similarly, most major altcoins are trading...
Bitcoin And Altcoins Holding Key Uptrend Supports
8.4.2020
After a strong rally, bitcoin price faced hurdles near the USD 7,550 resistance. As a result, there was a downside correction below USD 7,400, but the price remained well bid above USD 7,000. It is currently (08:30 UTC) rising and trading above key uptrend supports such as USD 7,120 and...
Bitcoin And Altcoins Look Poised For Continued Gains
7.4.2020
In the past few sessions, there was a sharp rise in bitcoin price above the USD 7,000 resistance area. BTC/USD surpassed the USD 7,250 resistance area and it is now (08:30 UTC) trading in an uptrend. The next hurdles on the upside are near USD 7,550, USD 7,650 and USD 7,800.
Also, almost all major...