Short-Term Technicals Dominating BTC/USD:  Sally Ho’s Technical Analysis 24 January 2021 BTC
Jan24

Short-Term Technicals Dominating BTC/USD: Sally Ho’s Technical Analysis 24 January 2021 BTC

Bitcoin (BTC/USD) came off early in today’s North American session as the pair weakened to the 32278.73 area after trading as high as the 33086.53 area during the Asian session, a level reached after buying pressure tested the 78.6% retracement of the recent depreciating range from 33488.79 to 31432.19.  The pullback during the North American session saw traders test the 38.2% retracement of the depreciating range from 34989.68 to...

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Beijing and Shanghai Officially Joins The Digital Yuan Project
Jan24

Beijing and Shanghai Officially Joins The Digital Yuan Project

As per Global Times, the two largest cities in China – Beijing and Shanghai – will be joining the Digital Yuan project. The capital city’s mayor said that they would be hastening the development of “demonstration zones” for fintech and professional services over 2021. This effort will include promoting a pilot application for the Chinese CBDC, officially called Digital Currency Electronic Payment (DCEP). Shanghai’s mayor...

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Retail traders, not hotshots like MicroStrategy, made Bitcoin in 2020
Jan24

Retail traders, not hotshots like MicroStrategy, made Bitcoin in 2020

Without the global retail trader base, the Bitcoin market would not be what it is today: The investment champion of 2020. The twists and turns of 2020 made it arguably the best year on record to be a trader, especially if you were involved in cryptocurrencies. May’s third Bitcoin halving, coupled with the euphoric market volatility that swept global markets, made 2020 a year of gains and opportunities for crypto traders. By November,...

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Is Bitcoin a waste of energy? Pros and cons about Bitcoin mining
Jan24

Is Bitcoin a waste of energy? Pros and cons about Bitcoin mining

Do the benefits brought by Bitcoin and the improvement in our standard of living justify this additional use of energy? Bitcoin arouses passion, curiosity and has received more and more media attention, especially after having climbed the ranks of the best financial asset of the decade. However, whenever its price goes up, many doubts and questions arise, mainly around its origin and the energy expenditure by miners. The Bitcoin...

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The DeFi Powerhouse That Keeps on Growing
Jan24

The DeFi Powerhouse That Keeps on Growing

ZENTEREST was recently added to MANTRA DAO’s rapidly expanding suite of DeFi protocols We have seen decentralized finance grow exponentially in recent months and the TVL (total value locked) in DeFi protocols now stands at a jaw-dropping $24 billion. Amongst the projects that have contributed to the sector’s explosive growth in recent months is MANTRA DAO, a community-governed and decentralized DeFi platform that offers its users a...

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Cyberpunk 2077’s dystopian future can be avoided with blockchain tech
Jan24

Cyberpunk 2077’s dystopian future can be avoided with blockchain tech

The rising influence of Big Tech may make Cyberpunk 2077’s future our reality, but there is a chance to fight it with blockchain technology. The long-awaited video game Cyberpunk 2077 came out as an unfinished product with a bunch of technical flaws, but that doesn’t stop it from being one of the most important cultural phenomenons of recent years. And while some gamers are asking for refunds and the developers are hurriedly working...

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Ethereum Starts Fresh Increase, Why ETH Could Surge To $1,500
Jan24

Ethereum Starts Fresh Increase, Why ETH Could Surge To $1,500

Ethereum started a fresh increase above $1,300 against the US Dollar. ETH price is showing positive signs and it is likely to continue higher towards $1,400 and $1,500. ETH price is gaining bullish momentum above the $1,250 resistance level against the US Dollar. The price is likely to face hurdles near $1,380, but it is well above the 100 simple moving average (4-hours). There was a break above a major bearish trend line with...

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Bitcoin Facing Uphill Task, Why BTC Could Drop To $30K Again
Jan24

Bitcoin Facing Uphill Task, Why BTC Could Drop To $30K Again

Bitcoin price is showing recovering signs above $32,000 against the US Dollar. BTC is facing an uphill task at $34,000 and it is likely to continue lower towards $30,000. Bitcoin is correcting higher from $28,865 and it is trading above the $32,000 resistance. The price is facing a strong resistance near $34,000 and the 100 simple moving average (4-hours). There is a short-term contracting triangle forming with resistance near $33,000...

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Aave and Chainlink hit new highs as Bitcoin price fights to hold $32K
Jan23

Aave and Chainlink hit new highs as Bitcoin price fights to hold $32K

Chainlink and Aave soared to a new all-time high as Bitcoin bulls struggle to hold BTC price above $32,000. Bitcoin (BTC) price opened the weekend trapped within the $33,500 to $32,000 but at the time of writing the digital asset is struggling to hold the above $32,000.  A few analysts have warned that the recent price loss of momentum may be a sign of ‘institutional exhaustion’ as selling pressure from Asia has increased since Jan....

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JPMorgan: BTC Cannot Diversify Portfolios Like We Think
Jan23

JPMorgan: BTC Cannot Diversify Portfolios Like We Think

JPMorgan keeps talking about bitcoin as of late. Recently, analysts from the financial giant claimed that if it didn’t spike back to $40,000 soon, traders would likely see their portfolios dwindle and their stashes were likely to experience major suffering. With the asset’s recent $9,000 drop after reaching its new all-time high, one must wonder if it will take a while before BTC jumps into $40,000 territory again. JPMorgan: Bitcoin...

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Ultra-rare alien CryptoPunk NFT sells for 605 ETH, or $750,000
Jan23

Ultra-rare alien CryptoPunk NFT sells for 605 ETH, or $750,000

The NFT market is getting molten hot as a rare “alien” CryptoPunk sells for over $750,000 Amid a wild market-wide bullrun for non-fungible tokens (NFTs), an ultra-rare “alien” CryptoPunk has sold today for 605 Ether, worth over $750,000 at today’s prices.  CryptoPunks are widely considered to be the original NFT project, released even before Cryptokitties, the blockchain-based collectibles project that propelled NFTs to...

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Voyager Token (VGX) gains 926% as mergers and acquisitions bring new users
Jan23

Voyager Token (VGX) gains 926% as mergers and acquisitions bring new users

Plans to expand in Europe and a series of mergers led Voyager Token to rally 926% in less than a month. Voyager Token (VGX), also known as BQX at some exchanges, is the native token of Voyager cryptocurrency exchange.  The exchange separates itself from its competitors by claiming to be a commission-free crypto broker platform and its smart order router also allows clients to trade at multiple exchanges. Since the turn of the year,...

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Defi Token Polkadot Continues to Jump Like There’s No Tomorrow
Jan23

Defi Token Polkadot Continues to Jump Like There’s No Tomorrow

The crypto space is tanking as of late. Bitcoin has fallen by about ten percent in the past two days, while Ethereum, Ripple, Cardano and Litecoin have all taken dips of anywhere between five and ten percent. However, not every asset is down in the doldrums at the time of writing. Some, such as Polkadot, have retained their high prices and appear poised for more gains in the coming weeks. Polkadot Continues to Thrive Like No Other...

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Bitcoin in jeopardy, Ether briefly breaks records, Biden takes action: Hodler’s Digest, Jan. 17–23
Jan23

Bitcoin in jeopardy, Ether briefly breaks records, Biden takes action: Hodler’s Digest, Jan. 17–23

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link. Top Stories This Week Three...

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Here’s the Key Demand Zone Ethereum Might Test Before Surging Higher
Jan23

Here’s the Key Demand Zone Ethereum Might Test Before Surging Higher

Ethereum has seen some notable strength today despite Bitcoin’s lackluster price action This has allowed it to gain some serious ground on its BTC trading pair, and the crypto is on the cusp of seeing a massive breakout Where it trends in the mid-term will undoubtedly depend at least partially on whether or not bulls can take firm control of its price action Analysts have noted that where it trends in the mid-term will likely depend...

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