Bitcoin Cryptocurrency News

This Eerie Bitcoin Fractal Sees Price above $70,000 by mid-2021

Bitcoin is on the cusp of breaking out towards levels above $70,000, according to an eerily identical fractal. Spotted first by Artem Shevelev, a market analyst, the pattern shows Bitcoin in a seven-stage development. Each stage reflects price moves and technical indicators similar to the ones that eventually pushed Bitcoin to its all-time high at Read more…

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Bitcoin Crypto Analysis Cryptocurrency News

Institutional Bitcoin Traders Think That the Top Is In; Factors to Consider

Bitcoin’s price has been flashing signs of overt weakness throughout the past several days and weeks The cryptocurrency is now rapidly approaching its critical support at $9,000 The buying pressure here appears to have been degrading over the past several days and weeks Institutional investors and professional traders on the CME appear to believe that Read more…

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Bitcoin Cryptocurrency News

These 3 On-Chain Levels Will Provide Bitcoin With Support as Price Crashes

Bitcoin’s strength didn’t last for long. After attempting to run past the resistance around $10,000 on Monday, the cryptocurrency strongly reversed. On Wednesday, BTC fell as low as $8,950 — almost 9% below the week’s highs. While the rapid reversal has been anything but bullish, data shows that there’s on-chain support should Bitcoin’s price dip Read more…

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Cryptocurrency News Ethereum

The Probability of Ethereum Seeing a Parabolic Rise in 2020 is 7%; Factors to Consider

Ethereum has been moving in close tandem with Bitcoin throughout the past several days and weeks, struggling to garner any independent momentum as it ranges This sideways trading has done little to bolster the cryptocurrency’s bull case That being said, analysts have been pointing to its fundamental strength as a reason why it may soon Read more…

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Bitcoin Blockchain Cryptocurrency News

Japan megabank Nomura launches Bitcoin and crypto custody for institutional investors

Institutional investors are coming in hard and fast to the crypto market and, whether you like it or not, seem like they are here to stay. “Komainu” Japan’s top financial services and banking firm Nomura launched its much-awaited Bitcoin custody service for institutional investors this week, after over two years of development and clearing regulatory Read more…

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Bitcoin Cryptocurrency News

Bitcoin Retargets $10,000 on Fed’s Corporate Bond-Buying Program

Bitcoin pared its Monday losses after logging a surprising intraday trend reversal. The cryptocurrency rebounded by as much as 7.82 percent from its session low near $8,895. It is now back to targetting $10,000 as the Federal Reserve announced it would extend its corporate bond-buying plan. Bitcoin price climbed Tuesday, logging a dramatic retracement after Read more…

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Cryptocurrency News

Analysts Target a Sub-$200 Move for Ethereum Once it Taps This Crucial Level

Ethereum has been closely tracking Bitcoin’s price action throughout the past several weeks and months The cryptocurrency did recently form an incredibly bearish technical pattern that analysts are still closely watching There’s a strong possibility that the crypto could be positioned to see notable downside in the near-term due to this pattern One analyst is Read more…

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Blockchain Cryptocurrency News

The New York Times Tests A Blockchain-Based Prototype To Tackle Misleading Information

The research and development team of the American newspaper The New York Times has tested a blockchain-based project to address the growing issue of misleading information in the online space. NYT Turns To Blockchain For Validating Info In its recent report, the NYT outlined the problem of misinformation, primarily when it comes down to pictures Read more…

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Cryptocurrency News Ethereum

Here’s Why Ethereum Is a Poor Investment According to Fund Managers

The past few months have seen investment demand for Ethereum increase strongly. Nothing shows this as well as Grayscale’s Ethereum Trust, a regulated and publicly-tradable investment vehicle that is backed by ETH. A share of the trust, which corresponds with 0.094 ETH, reached a value of $239.50 last week on secondary markets. This means that Read more…