Despite a worsening pandemic, geopolitical turmoil, and more, Bitcoin and the S&P 500 have fended off secondary declines after March’s liquidity crash. At least for the time being, BTC holds above $9,000 and the leading stock index remains above 3,000 points. Both measures have held their respective levels for more than a month. With the S&P 500 holding strong, Bitcoin also stands to rally. Related Reading: An Infamous Bitcoin Whale Just Resurfaced — and He’s Got a Bone to Pick Read more …
Bitcoin (BTC) may be struggling to hit $10,000, but its progress is right on track, new stock-to-flow data confirms. Adding a new update to his model on July 1, stock-to-flow model creator PlanB showed that Bitcoin is behaving exactly as its bullish history demands. Bitcoin adds second “red dot” The BTC S2F Cross Asset Model (S2FX) uses color-coded dots to analyze Bitcoin price action relative to the date of its next block reward halving. Dots immediately after halving, like at Read more …
Bitcoin was holding steady above $9,100-support as the Federal Reserve Chairman Jerome Powell pledged to consider additional stimulus. The BTC/USD pair earlier recovered by more than 150 percent from its March 13 low on Fed’s expansionary policies. An analyst said Bitcoin might resume its uptrend towards or above $10,000. Bitcoin was motionless in early Wednesday trading session as traders refused to break its price below a concrete support level of $9,100. The cautious approach took cues from uncertainty in the Read more …
Advertisment Crypto users looking to get more free tokens can find many airdrop campaigns this July. We have compiled a list containing some of the most interesting crypto airdrops to aid you in your search. BitHera End date: 1 July You want the latest news about Crypto? Then follow us on Google News! Estimated value: $5 BitHera is a new decentralized cryptocurrency exchange that was created to provide fast transaction times and high liquidity through its native coin – BitHera. Read more …
The municipal government of Beijing has unveiled a 20-point plan to accelerate the development and deployment of distributed ledger technologies (DLT) and turn Beijing into both a global and national hub for blockchain tech. According to an announcement published on July 1, the plan seeks to “promote theoretical innovation, technological breakthroughs, […] talent cultivation,” and “create new economic growth.” The government will provide continued financial support for the plan throughout its course. Beijing wants to host DLT unicorns The Beijing Read more …
The latest research from ZUBR derivatives exchange published June 29 found that participation from retail investors is increasing despite the longstanding narrative that institutional adoption would be required to propel crypto prices higher. With the recent halving being nothing more than a distant memory and Bitcoin (BTC) price lingering in the $9,100 range, the current price action is far from the post-halving surge that many retail and institutional investors expected. Despite the lackluster price action, a multitude of bullish factors Read more …
Online supporters have donated nearly $100,000 in cryptocurrency to white supremacist and alt-right activist Stefan Molyneux following his removal from YouTube for “fomenting violence and hatred.” After Molyneux posted a video to his Twitter account on June 29 stating YouTube had banned him from the platform, he issued a request for donations in cryptocurrency through his website. The alt-right figure lists addresses for Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Dash (DASH), Skycoin (SKY), Dogecoin (DOGE) and Monero (XMR). As Read more …
Cryptocurrency market data aggregator CoinGecko has updated its Trust Score algorithm to consider the cybersecurity standards of the more than 400 cryptocurrency exchanges listed on its platform. From July 1, 20% of CoinGecko’s Trust Score will be determined according to a cybersecurity rating provided by security technology company Hacken. According to an announcement, the algorithm update will provide “a more holistic overview of cryptocurrency exchanges.” Speaking to Cointelegraph, CoinGecko co-founder and COO Bobby Ong stated that the firm has “wanted Read more …
Bitcoin is on the cusp of breaking out towards levels above $70,000, according to an eerily identical fractal. Spotted first by Artem Shevelev, a market analyst, the pattern shows Bitcoin in a seven-stage development. Each stage reflects price moves and technical indicators similar to the ones that eventually pushed Bitcoin to its all-time high at $20,000 in December 2017. As Bitcoin stays motionless near $9,100, one of its old fractals is pointing to a full-fledged breakout towards $70,000 or above. Read more …
Crypto market data aggregator Messari reports that the market cap of leading stablecoin Tether (USDT) has surpassed $10 billion for the first time. Alongside Bitcoin (BTC) and Ethereum (ETH), Tether is now one of three crypto assets with an eleven-figure capitalization. Tether’s reported $10 billion market cap comes after year-to-date growth of 144% — with Tether representing $4.1 billion at the start of 2020. However, data aggregators are at odds on Tether’s capitalization, with CoinGecko and CoinMarketCap estimating USDT’s market Read more …
Ripple is consolidating above the $0.1720 support zone against the US Dollar. XRP price seems to be preparing for a fresh rally, but it must surpass $0.1800 for a sustained upward move. Ripple is slowly rising and it is currently trading above $0.1750 against the US dollar. The price is likely to face hurdles near $0.1780, $0.1800, and the 100 hourly SMA. There is a major bearish trend line forming with resistance near $0.1760 on the hourly chart of the Read more …
Major manufacturer of graphics processing units (GPUs) and computing hardware Nvidia has filed a motion to dismiss a proposed class-action lawsuit alleging that the firm misrepresented more $1 billion in sales during 2017 and 2018. In addition to its popular ‘GeForce’ and ‘GTX’ products — favored by both gamers and crypto miners — Nvidia launched a GPU specifically designed for virtual currency mining dubbed ‘Crypto SKU’ in May 2017. However, Nvidia reported only its Crypto SKU sales as having been Read more …