Financial Industry News
After a 17% pullback Bitcoin price bulls appear to be fighting to retake $11000 but will they succeed? Bitcoin Price In Bullish Uptrend On Monday Bitcoin price reversed course and added 12.5% as an attempt to make up for the weekend’s steep 17% drop from $11,500. The sell-off appeared to be the result of exhausted […]
Continue ReadingAs the price massacre continues from the weekend, altcoin holders face further anguish by way of rising Bitcoin dominance. As things stand, Bitcoin dominance is at 66%, a level not seen since April 2017. Several analysts see this trend continuing, with predictions of dominance rising to the 70%-80% mark. The implications of which would put […]
Continue ReadingContrary to popular belief, retail investors are still playing a major role in directing Bitcoin’s price action, says Binance CEO in a recent interview with Bloomberg. Who’s Really in Charge? As Bitcoin briefly touched $20,000 in early 2018, market analysts forecasted that the impending arrival of Bitcoin futures products, a Bitcoin exchange-traded fund (ETF), and […]
Continue ReadingSince the 13th of June bears have caused Binance Coin to pull-back down from the highs of 0.044 sats down to visible lows around 0.024 sats, resulting in a 45% correction. Short-term timeframes are starting to indicate that a potential reversal could play out over the coming days. BNB/BTC 4 Hour Analysis On the 4 […]
Continue ReadingAbdol Nasser Hemmati, the governor of the Central Bank of Iran (CBI), announced yesterday that the government plans to authorise the mining of digital assets in the nation. However, those running computer systems to profit from their support of cryptocurrency networks will be charged for electricity at the country’s export price rather than the cheaper, […]
Continue ReadingSince April this year, significant moves by Bitcoin has seen the price pump from $4,100 to almost $14,000. Once again, cryptocurrencies are gracing the home pages of mainstream media outlets, and public interest is duly peaked. Sentiment on whether crypto winter is indeed over still divides opinion, but Fundstrat’s Thomas Lee continues to push a […]
Continue ReadingPress release from Fidorbank UK; Due to the uncertainties surrounding the UK market at this current time, we have decided to withdraw our product and service offering in the UK on the 15th of September 2019. Based on this, we decided to close all our UK accounts, including all our debit cards on the 15th of September 2019. Please […]
Continue ReadingBitcoin price has suffered its first major pullback in 41 days. But while this seems like a daunting thought, there are some who actually believe that this is a good thing. Reasons Volatility Can Be Good For Bitcoin A Twitter thread from Bitcoiner and Stanford Law student, Conner Brown, makes the case for volatility. Volatility […]
Continue ReadingThe crypto market is an unusual one. The Wild West atmosphere, the volatility, and the 24/7, 365 trading provides little rhyme or reason, and often times Bitcoin and altcoins rise together, while other times they do not. At the start of the year, both Bitcoin and altcoins performed well relative to their bear market lows. […]
Continue ReadingBitcoin currently dominates the cryptocurrency market. Its price movements often determine the price direction of altcoins. A rally in Bitcoin’s price often tends to lift prices of many altcoins, while a BTC price drop usually causes the altcoin market to bleed. Occasionally, you might see some coins move contrary to the direction of Bitcoin, but […]
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