TA: Ethereum Surges To New ATM, Why ETH Could Rally Further Above $1,500
Jan25

TA: Ethereum Surges To New ATM, Why ETH Could Rally Further Above $1,500

Ethereum surged 15% and it traded to a new all-time high near $1,475 against the US Dollar. ETH price is currently correcting lower, but it is likely to remain well bid above $1,350. Ethereum started a fresh surge above the $1,350 and $1,400 resistance levels. The price traded as high as $1,476 and it is now well above the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,360 on the...

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TA: Bitcoin Consolidates Below $33K, Why BTC Could Attempt Bullish Break
Jan24

TA: Bitcoin Consolidates Below $33K, Why BTC Could Attempt Bullish Break

Bitcoin price is slowly recovering above $32,000 against the US Dollar. BTC is likely to face a strong selling interest near $33,500 and $34,000. Bitcoin seems to be consolidating above the $31,000 and $32,000 support levels. The price is currently just above $32,500 and the 100 hourly simple moving average. There was a break above a declining channel with resistance near $32,650 on the hourly chart of the BTC/USD pair (data feed from...

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Should I Buy Bitcoin? — Switzerland’s Largest Bank UBS Provides Guidance on BTC Investing
Jan24

Should I Buy Bitcoin? — Switzerland’s Largest Bank UBS Provides Guidance on BTC Investing

Switzerland’s largest bank, UBS, has published guidance for clients about investing in bitcoin. The bank answers some important questions, such as whether one should buy bitcoin and other cryptocurrencies and whether bitcoin can be used to diversify portfolios. ‘Should I buy’ Bitcoin? UBS Answers UBS published a detailed report about bitcoin last week. It answers some questions that the bank is currently discussing with its clients,...

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Mad Money’s Jim Cramer Advises $731M Powerball Jackpot Winner to Put 5% in Bitcoin
Jan24

Mad Money’s Jim Cramer Advises $731M Powerball Jackpot Winner to Put 5% in Bitcoin

Mad Money host Jim Cramer has provided some investment advice aimed at the latest Powerball jackpot winner of $731.1 million. He recommends putting 5% of the jackpot in bitcoin alongside several other investments, such as gold and real estate. Jim Cramer Says Put 5% of Powerball Jackpot in Bitcoin Someone won a Powerball jackpot worth an estimated $731.1 million last week, which was one of the largest lottery prizes in U.S. history....

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Aave hits record $288 high as demand for flash loans and staking increases
Jan24

Aave hits record $288 high as demand for flash loans and staking increases

Surging volume, demand for flash loans and a strong rally in DeFi tokens pushed AAVE price to a new all-time high today. Aave (AAVE) price has been on an absolute tear for weeks and today the DeFi-token rallied to a new all-time high at $288.90.  The decentralized finance protocol is one of the most popular in the market and the recent rally in the DeFi sector is one of the driving forces behind AAVE’s rally. AAVE/USDT 4-hour chart....

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Cryptocurrency makes World Economic Forum’s Davos Agenda
Jan24

Cryptocurrency makes World Economic Forum’s Davos Agenda

Sessions devoted to “resetting digital currencies” are scheduled at this week’s Davos Agenda. The World Economic Forum’s upcoming Davos Agenda will feature two separate sessions on cryptocurrency, offering another compelling sign that digital assets have permeated mainstream consciousness.  The sessions, titled Resetting Digital Currencies, will be held on Monday and Thursday. The first session will feature five public speakers,...

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Scott Minerd: Bitcoin Could Fall to About $20,000 Per Unit
Jan24

Scott Minerd: Bitcoin Could Fall to About $20,000 Per Unit

The bitcoin price is trading for well over $30,000 at the time of writing, though to be fair, it has experienced one of the biggest dips in recent months, having fallen from a recent $40,000 high. With this latest dip of around $7,000, the currency is being called into question by many industry analysts, including Scott Minerd, the chief investment officer at Guggenheim Partners. Scott Minerd Is Bearish On BTC In a recent interview...

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Key metrics show this week’s $4B Bitcoin options expiry favors bulls
Jan24

Key metrics show this week’s $4B Bitcoin options expiry favors bulls

A record $4 billion worth of Bitcoin options expire on January 29 and multiple indicators suggest bulls have the upper hand. Over the past two weeks, Bitcoin price appears to have lost momentum and some analysts are suggesting that bears will be in control for the foreseeable future. Taking a look at derivatives market data provides a clearer picture of what is happening on the institutional side and how the moves of larger players...

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Harvard Economics Professor: Governments Will Not Allow Bitcoin on a Big Scale and They Will Win
Jan24

Harvard Economics Professor: Governments Will Not Allow Bitcoin on a Big Scale and They Will Win

Harvard Professor of Economics and former Chief Economist at the International Monetary Fund (IMF) Kenneth Rogoff believes that governments will not allow bitcoin to flourish on a large scale. “The regulation will come in. The government will win,” he said. The professor also discussed the likelihood of a bitcoin bubble. Harvard Professor Warns of Strict Crypto Regulation Harvard University Professor Kenneth Rogoff shared some...

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Breach at Indian exchange BuyUCoin allegedly exposes 325K users’ personal data
Jan24

Breach at Indian exchange BuyUCoin allegedly exposes 325K users’ personal data

BuyUCoin initially denied the reports of a data breach, but added that all user funds are safe. Users of Indian crypto exchange BuyUCoin have reportedly been affected by a breach compromising personal data of more than 325,000 people. According to a report from Indian news outlet Inc42, a hacking group by the name of ShinyHunters leaked a database containing the names, phone numbers, email addresses, tax identification numbers and...

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Uhive, the New Crypto-Based Social Platform, Makes A Lot of Moolah
Jan24

Uhive, the New Crypto-Based Social Platform, Makes A Lot of Moolah

New social media platforms are popping up all over the place as of late, and one – Uhive – is powered by cryptocurrency. Uhive Is Doing Things a Little Differently Based in the United Kingdom, Uhive is a unique social platform in that it is powered entirely by digital currency technology. Recently, the company set out on a funding round of 500,000 pounds, which it easily surpassed. Either people are terribly sick of the likes of...

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Ethereum is About to Post a Massively Bullish Signal as Bulls Take Charge
Jan24

Ethereum is About to Post a Massively Bullish Signal as Bulls Take Charge

Ethereum has seen some immense strength in the time following its capitulatory plunge towards $1,000 The cryptocurrency’s V-shaped recovery has allowed it to gain serious ground against Bitcoin, even posting a massive breakout against the benchmark crypto Where it trends next will undoubtedly depend largely on whether or not bulls can maintain their control over the market BTC remaining stable is also important, as any intense BTC...

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Ethereum will become the main asset for investors in 2021
Jan24

Ethereum will become the main asset for investors in 2021

The potential of Ether greatly exceeds Bitcoin, and the community is beginning to understand the value of ETH. During the second half of 2020, we saw a growing interest in cryptocurrencies from institutional investors and big capital. However, all the attention of the whales, as well as all the attention of the public, was fixed on Bitcoin (BTC). Today, we will look at why Ether (ETH) is a more attractive asset and why this...

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Top 5 cryptocurrencies to watch this week: BTC, ETH, DOT, AAVE, SNX
Jan24

Top 5 cryptocurrencies to watch this week: BTC, ETH, DOT, AAVE, SNX

Select altcoins are rallying to new all-time highs while Bitcoin remains pinned below $33,000. As Bitcoin price trade sideways, traders are keeping an eye out for new purchases from institutional investors in order to gauge whether BTC‘s correction is over. MicroStrategy’s recent purchase of 314 Bitcoin at an average price of $31,808 is a mild sentiment booster but it may not be enough to arrest the decline if buyers do not step...

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Crypto ETF Race Heats Up in 2021- Valkyrie Bitcoin Trust Files to List Shares on NYSE
Jan24

Crypto ETF Race Heats Up in 2021- Valkyrie Bitcoin Trust Files to List Shares on NYSE

2021 has been an explosive year for bitcoin as the crypto asset has touched new all-time price highs as cryptocurrencies have seen increased demand. Meanwhile, a number of crypto proponents expect the first exchange-traded fund (ETF) to be approved this year as a number of firms are racing to launch an ETF. On Friday, the Texas-based firm Valkyrie Digital Assets filed an ETF registration proposal called the Valkyrie Bitcoin Trust with...

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