Financial Industry News
Over the last month, Bitcoin dominance has grown by nearly 3%. The climb has largely been driven by the asset’s block reward halving set for less than 24 hours from now. The latest move in BTC dominance has left altcoins on the ropes, and exposing them to a bounce or die scenario. The apex of […]
Continue ReadingAll the top crypto tokens fell against Bitcoin this Wednesday but recorded gains in the US dollar-enabled markets. High-cap altcoins have logged negative returns in May 2020, right ahead of Bitcoin’s much-awaited mining reward halving. Most of them still sit atop higher year-to-date profits than that of bitcoin, signaling downside correction as the halving FOMO […]
Continue ReadingBitcoin’s block reward halving is here at long last. Estimates suggest that the event is a mere seven days out from taking place. The halving is an event that will see the number of coins issued per Bitcoin block cut in half from 12.5 to 6.25. This will result in an instant 50% reduction in the […]
Continue ReadingBrave browser continues its phenomenal growth rate, hitting 13.8 million users at the end of April. Of those users, 1.7 million have opted into the crypto rewards system, according to co-founder Brendan Eich. Brave Browser is a Stepping Stone Into Crypto For Many In the world of crypto, Brave browser occupies a somewhat unique position, […]
Continue ReadingThe Ethereum price hits eight-week high after rising alongside top rival Bitcoin in tandem. The second-largest cryptocurrency faced resistance near $212, but it could close above it owing to a bullish macro narrative. Its real challenge is to extend its breakout above $226, a level notorious for capping Ethereum’s bullish advances. The price of Ethereum […]
Continue ReadingIn the cryptocurrency community, there’s a common phrase shared with new investors to prepare them for the incredible volatility and rollercoaster-like price swings in Bitcoin and other cryptocurrencies, that recommends newcomers “hold on for dear life.” According to new on-chain analytics, more and more crypto investors are doing just that, with nearly half of the […]
Continue ReadingAfter a 100% rally from the $3,700 bottom, Bitcoin has shown signs of weakness over the past few days. Just the other day, the cryptocurrency tumbled from $7,200 to $6,800 in a plunge that liquidated $40 million worth of long positions, convincing many that more downside is near. A classic textbook chart bottom that Bitcoin […]
Continue ReadingAnother week, another round of Crypto Tidbits. After falling as low as $6,500 this week, Bitcoin mounted a strong comeback over the past two days, rallying as high as $7,200 as bulls have taken over. Other cryptocurrencies have registered even more impressive gains. This renewed strength comes as the stock market has continued to rally higher […]
Continue ReadingBitcoin has been on an impressive rally since sustaining a 50% drop in March, rallying from the $3,700 bottom to a local high at $7,470. The move has convinced many traders that the cryptocurrency market is on the verge of entering yet another full-blown bull market. Related Reading: Crypto Tidbits: Bitcoin Loses $7k, Blockchain Layoffs, […]
Continue ReadingAnother week, another round of Crypto Tidbits. Bitcoin has effectively been flat on the week, recently returning to around where it started the week after briefly interacting with the ever-important $7,400 resistance. Altcoins, interestingly, came into their own this week, with Ethereum, Link, Tezos, EOS, among other top altcoins posting double-digit percentage gains in the past […]
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