Key Points Bitcoin price struggled to gain pace above the $4,240 level and declined recently against the US Dollar. There was a break below a major bullish trend line with support at $4,020 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently trading below the $3,850 support and…
Anthony Pompliano, the founder of Morgan Creek’s “Digital” branch, has long been a zealot for the decentralist movement, lauding the crypto space for years on end. Case in point, each and every week, Pompliano, better known as Pomp to the crypto community, subjects his 179,000 Twitter followers to the “long Bitcoin, short the bankers” rhetoric…
As Bitcoin (BTC) collapsed in 2018, many naysayers and cynics claimed that the end was nigh for the world’s first cryptocurrency. Some critics drew attention to Bitcoin’s mining ecosystem, claiming that the hashrate drought would catapult BTC into a “death spiral,” whereas miners would flee en-masse. Others looked to stringent regulatory measures, claiming that legislature…
The crypto markets have surged to reclaim much of their recent losses, as the prophesized end-of-year rally materializes. Although the market surge is certainly welcome to investors who have been hit with seemingly constant losses over the past several weeks and months, the markets still have a long way to go before they are anywhere…
Key Points Bitcoin price traded higher and broke the $4,150 and $4,200 resistance levels against the US Dollar. There was a break above a major bearish trend line with resistance at $4,040 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently trading with a bullish bias and it…
Many analysts, including former Bitcoin (BTC) short seller Mark Dow, look at the price of cryptocurrencies to determine the health of their underlying fundamentals. However, a prominent cryptocurrency proponent has claimed that in spite of the market, 2018 was Bitcoin’s “most successful year” yet, specifically in terms of network performance. Bitcoin Segwit Usage Holds 40%…
While many poke fun at the performance of crypto in 2018, global macro markets have begun to falter. Since reaching a year-to-date high in early-September, the Nasdaq, the world’s second-largest stock exchange, has seen its index collapse by 22%. Nasdaq’s index, which houses the publicly-traded stocks of tech powerhouses, namely Alphabet (Google), Amazon, and Apple,…
While 2017’s narrative in the crypto industry was undoubtedly the initial coin offering (ICO) craze, 2018’s was evidently the advent of Wall Street participants. And while strides were made with institutional involvement, with Nasdaq and the Intercontinental Exchange (ICE) both openly backing crypto assets, Bloomberg has claimed that efforts to bring Bitcoin to Wall Street remain…
Key Points Bitcoin price gained pace recently and broke the $3,580 and $3,780 resistances against the US Dollar. There is a major symmetrical triangle forming with resistance at $4,080 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is likely to break the $4,080 and $4,150 resistance levels to rally…
Pundits argue that crypto and charity don’t mix. Yet, with a number of efforts from this nascent industry’s foremost participants, it has been made apparent that Bitcoiners (and altcoiners) are far from anti-alms. Case in point, Brian Armstrong, CEO of Coinbase, recently committed to donating a majority of his crypto wealth in due time. Brian…