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Bitcoin and Altcoins at a Potential Turning Point
11.9.2020
Bitcoin price failed to clear the USD 10,500 resistance and it retreated lower. BTC is currently (08:30 UTC) trading above the USD 10,200 support and it could bounce back in the near term. To start a convincing upward move, the price must gain bullish momentum above USD 10,500.
Similarly, most...
Defi Trader Pockets $250k From Bug Exploit, Hints at Possible Exit Scam by $SYFI Devs
10.9.2020
An anonymous Defi trader says he gained almost $250 000 after inadvertently exploiting a rebase bug embedded in the $SYFI Defi token. The trader, who insists he had no prior knowledge about the bug, got this reward after staking an initial investment of 0.5 ETH or about $175 at current prices. In...
Bitcoin and Altcoins Start To Show Signs of Fresh Increase
10.9.2020
Bitcoin price started a decent recovery wave above USD 10,250 and USD 10,300. However, BTC struggled to clear the USD 10,400 and USD 10,500 resistance levels. It is currently (08:30 UTC) trading near USD 10,250 and it might find bids near USD 10,150 in the short-term.
More importantly, a few major...
Bitcoin and Altcoins Bulls Defending Crucial Breakdown Supports
9.9.2020
Bitcoin price is trading in a crucial range below the USD 10,400 and USD 10,500 resistance levels. BTC bears made another attempt to clear the USD 10,000 support. However, the bulls defended losses below USD 10,000 and the price is currently (08:30 UTC) trading well above the USD 10,000...
Bitcoin Consolidates, Altcoins Show Mixed Results
8.9.2020
Bitcoin price retested the USD 10,000 support zone, but the bears failed to gain strength. BTC remained well bid above USD 10,000 and it is currently (08:30 UTC) moving higher. Having said that, the price must settle above USD 10,400 and USD 10,500 to start a steady recovery wave.
Similarly, most...
Bitcoin and Altcoins Remain At Risk Of Further Correction
7.9.2020
This past week, we saw a strong decline in bitcoin price below USD 11,000 and USD 10,500. BTC even dived below USD 10,000 briefly. It is currently (08:30 UTC) consolidating losses and facing many major hurdles on the upside near USD 10,350, USD 10,450, and USD 10,500.
Similarly, most major altcoins...
Defi’s Raw Deal: Sushiswap Creator Transfers Multi-Sig Control to FTX CEO
6.9.2020
After a number of individuals from the crypto community accused the anonymous developer Chef Nomi of exit scamming, the developer transferred the project over to Sam Bankman-Fried, the CEO of the trading platform FTX. On Saturday, September 5, the decentralized finance (defi) community got upset...
Sushiswap Founder Reportedly Exit Scams as Sushi Token Price Tanks
5.9.2020
The anonymous founder of Sushiswap has reportedly exit scammed after converting all of his sushi tokens to ETH on September 5. Reports of the alleged scam came a few after the sushi token, which forked from the Uniswap protocol, went up in value to $10 in just 24 hours. A Twitter user Spensernoon...
Defi Boom Fueling ETH Gas Fees, Threatens Viability of Smart Contracts
5.9.2020
Growing Ethereum network transaction fees, which touched new highs recently, are a direct consequence of the increasing number of defi projects and yield farming. Yield farmers need to pay ETH for transactions like moving funds in and out of pools. The increased number of yield farmers leads...
Bitcoin and Altcoins Tumble Below Crucial Uptrend Supports
4.9.2020
Bitcoin price failed to stay above the main support near USD 11,200 and USD 11,000. As a result, BTC declined over 10% and it even traded towards the USD 10,000 support zone. It is currently (08:30 UTC) correcting losses, but it still might correct lower in the coming sessions.
Similarly, most...
Altcoins Led Sell-off Intensifies as Bitcoin Erases All Monthly Gains
3.9.2020
The crypto market took another step lower for the second day in a row, with bitcoin (BTC) falling below USD 11,000 for the first time since the end of July.
At pixel time (15:12 UTC), BTC trades at USD 10,818 and is down by almost 5% in a day and a week. The price also dropped by 2% in a month,...
Bitcoin, Ethereum and Altcoins Lose Momentum
3.9.2020
Bitcoin price started a sharp downward move after it failed to stay above the USD 11,650 support. BTC even declined below the key USD 11,550 support and revisited USD 11,200. It is currently (08:30 UTC) correcting losses, but it must surpass USD 11,550 for a fresh rally.
Similarly, most major...
Bitcoin Ups Its Dominance As Altcoins Bleed More, Led by DeFi Tokens
2.9.2020
The crypto market has intensified its correction today, sending the total market capitalization down by more than 6%, to USD 371bn, while the majority of top altcoins dropped against bitcoin (BTC).
BTC itself lost 5% in a day and is trading at USD 11,328 (UTC 17:15). The price is also down by 1.5%...
Fees Bonanza: Ethereum Miners Pocket a Record $113 Million From Fees in August
2.9.2020
Ethereum miners are making a killing from transaction fees. In August alone, the miners raked in a total of $113 million in profit, up more than 3,660% from the $3 million earned in April, according to the latest data from Glassnode. This is the highest ether miners have earned from transaction...
Bitcoin, Ethereum and Altcoins Correcting Gains
2.9.2020
Bitcoin price extended its upward move above the USD 11,800 resistance. BTC even climbed above USD 12,000 before starting a downside correction. It is currently (08:30 UTC) trading above USD 11,650, but the main support is near the USD 11,550 level.
Similarly, most major altcoins are correcting...
Bitcoin and Altcoins Start Fresh Increase Led By Ethereum’s 10% Rally
1.9.2020
Bitcoin price remained well supported above the USD 11,500 and USD 11,550 support levels. As a result, BTC started a fresh increase above USD 11,700, fueled by Ethereum’s 10% rally. It is currently (08:30 UTC) trading above USD 11,800 and it seems like the bulls could make an attempt to clear...
Bitcoin and Altcoins Overcome Hurdles
31.8.2020
After a couple of failures, bitcoin managed to surpass the USD 11,500 and USD 11,550 resistance levels. BTC even climbed above USD 11,700 and it is currently (08:30 UTC) consolidating above USD 11,600. The next major resistance for the bulls could be near USD 12,000.
Similarly, most major altcoins...
Chainlink Doomsday Predictions: Zeus Capital Warns Investors Not To ‘Get Fooled’
31.8.2020
Zeus Capital has doubled down on its doomsday predictions on Chainlink (Link). It is now warning investors: “don’t get fooled… exit your positions before its too late.” The asset management firm’s involved assessment follows a sharp decline in the price of Link in...
Do or Die Time for Bitcoin and Altcoins Bulls, Here Are Key Scenarios
28.8.2020
Bitcoin price made another attempt to gain momentum above USD 11,500 and USD 11,550, but it failed. BTC is currently (08:30 UTC) consolidating above USD 11,300 and likely preparing for the next break. It could either rally above USD 11,500 or decline heavily below USD 11,000 in the next...
Bitcoin and Altcoins Show Recovery Signs But Facing Roadblocks
27.8.2020
Bitcoin price is still holding the USD 11,100 and USD 11,000 support levels. BTC is currently (08:30 UTC) recovering higher, but it is facing a strong hurdle near USD 11,500 and USD 11,550. If there is no upside break above USD 11,550, the price could resume its decline.
Similarly, most major...