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Chinese Reserve Bank Validates Anti-Crypto Belief: Blockchain, Not Bitcoin

Chinese Reserve Bank Validates Anti-Crypto Belief: Blockchain, Not Bitcoin

The Shanghai branch of the People’s Bank of China has just commented on crypto yet again. According to the announcement, published on Friday, the branch of the Chinese central bank has observed a resurgence in cryptocurrency-related speculation through ICOs, IEOs, STOs, and other capital-raising/token distribution methods. Related Reading: Bitcoin Readying to Drop 85% to $1,000,…
Bitcoin (BTC) Reaches Important Assistance At $7.4 K, Larger Decrease In Play?

Bitcoin (BTC) Reaches Important Assistance At $7.4 K, Larger Decrease In Play?

Bitcoin price is down 6% and tested $7,400 (discussed in the medium term outlook) against the US Dollar. The price is showing no signs of a strong recovery and remains at a risk below $7,800. There is a key contracting triangle forming with resistance near $7,650 on the hourly chart of the BTC/USD pair (data…
Crypto Market & & Bitcoin Bloodbath Not Over Yet: LTC, BNB, BCH, TRX Analysis

Crypto Market & & Bitcoin Bloodbath Not Over Yet: LTC, BNB, BCH, TRX Analysis

The total crypto market cap declined heavily and tested the $200.0B support (yesterday’s target). Bitcoin price is down more than 6% and it is approaching the long awaited $7,400 bearish target. Binance coin (BNB) price is down around 5% and it is now trading well below $17.50. Litecoin (LTC) price is under a lot of…
How Does The Ethereum Dispose Impact DeFi Markets?

How Does The Ethereum Dispose Impact DeFi Markets?

It has been a grim end to the week for Ethereum. The world’s number two crypto asset has held up resiliently for most of this month while Bitcoin has been eroded. That resilience ended a few hours ago when ETH prices collapsed by 9 percent. Ethereum Crashes 9% Ethereum has spent the best part of…
Bitcoin On “Life Assistance” as Experts Target Transfer To Sub-$ 7,000

Bitcoin On “Life Assistance” as Experts Target Transfer To Sub-$ 7,000

Bitcoin (BTC) has plummeted into the $7,000 region today as bears continue working to erase all the gains that were incurred during the crypto’s meteoric rally in late-October, which may signal that significantly further downside is imminent for the embattled cryptocurrency. Analysts are now noting that Bitcoin is “on life support” as it trades around…