Binance had to move its headquarters from China to Japan in the wake of the PBoC’s crackdown against local cryptocurrency firms. But that didn’t discourage it from becoming the world’s leading cryptocurrency exchange. The company is now making waves in Australia as it invests USD$2.5 million into a local blockchain startup. A report from Business Insider confirmed…
The only U.S. Bitcoin investment trust, GBTC, has dropped to its lowest levels of the year — down 10% last week alone. Bitcoin’s current price certainly has an effect, but these levels are more-so a response to a combination of other factors: high fees associated with the fund, investor attraction from GBTC competitors, and regulatory…
Key Points Bitcoin price broke the $6,540 and $6,520 support levels to move into a bearish zone against the US Dollar. Yesterday’s highlighted important contracting triangle was breached with support at $6,520 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair tested the $6,400 support level and it is currently…
Key Points Bitcoin price is trading in a tight range above the $6,540 support against the US Dollar. There is a key contracting triangle in place with support at $6,545 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is poised to make the next move either above $6,610 or…
According to multiple sources, there is already much more institutional money in the $220 billion strong cryptocurrency market that people might be aware of. Growth in OTC Trading Highlights Shift from the Retail to the Institutional The largest buyers of crypto were high-net-worth individuals who willing to take a risk on Bitcoin and other digital…
Despite cryptocurrencies continuing to struggle throughout 2018, one finance executive thinks that a “global” FOMO rally is close to occurring. Bitcoin on the Verge of “Global Breakout,” Rally Driven by FOMO After experiencing a year-long bull market in 2017, irrational exuberance surrounding Bitcoin and other cryptocurrencies peaked in late December, and the emerging asset class…
Price analysts and charting experts are conflicted as to whether or not the recent price rise and persisting stability for Bitcoin and the general cryptocurrency markets signals growing strength or represents the calm before the storm. One charting expert believes that the technical damage done to Bitcoin over the past nine months will take several…
Key Points Bitcoin price is placed well above the $6,440 support level against the US Dollar. There is a crucial bullish trend line formed with support at $6,540 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to break the $6,625 and $6,665 resistance levels to trade further…
Key Points Bitcoin price failed to break the $6,800 resistance recently and declined against the US Dollar. There is a major bullish trend line in place with support at $6,400 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $6,400 and $6,380 support levels to remain…
Another month is leaving the crypto industry with some of the best and significant developments. September 2018 was an essential month from many perspectives. This time, the industry didn’t just see adoption in technological space, but also in charity. Education and research remained at the forefront of crypto development, as an influential nonprofit favored blockchain for…