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Bitcoin and several altcoins have formed bearish divergences, which suggests that the bullish momentum has weakened, the Cointelegraph reported. Rich Dad Poor Dad author Robert Kiyosaki believes that Warren Buffet’s recent closure of his bank stock positions is a warning sign that the world might be starting a “major banking crisis.” Therefore, Kiyosaki suggests traders buy safe […]
Traders have turned bullish on Ethereum again and the strong break above $400 could pull Bitcoin and other altcoins higher, the Cointelegraph predicts. Data from Grayscale Investments shows that the firm’s assets under management soared from about $1.9 billion at the end of 2019 to over $3.5 billion by the end of June 30, 2020. The correction in the […]
Bitcoin price continues to decline at $12,000, but altcoins have taken advantage of the range-bound action by rallying higher, the Cointelegraph writes. Traders prefer to trade a trending market, as it generally moves in one direction and the retracements offer low-risk entry opportunities. This is because a trade that follows the major trend carries a […]
Bitcoin and altcoins might consolidate or correct marginally for a few days before a possible breakout to the upside, the Cointelegraph predicts. The United States Federal Reserve has been contemplating a change in the way it responds to a possible increase in inflation. Previously, the Fed would kickstart tightening if its models forecast a 2% inflation increase. However, […]
Bitcoin finally moved above the $10K mark and analysis suggests that BTC and altcoins will continue to rally together, the Cointelegraph reported. The total crypto market capitalization has reached $300 billion for the first time since mid-February, which is a huge positive as it suggests increased investor interest in cryptocurrencies. The interest has largely been in smaller […]
Ethereum price looks to make a new 2020 high as Bitcoin bulls fight to hold BTC price above $9,600. Bitcoin (BTC) has covered a considerable amount of ground over the past few years. Initially considered as an asset mostly used for unlawful activities, it has finally received the approval of the Office of the Comptroller of the […]
Many altcoins could pick up momentum If Bitcoin and Ethereum break above key resistance levels in the coming days. Since March central banks have been printing money aggressively in order to combat the economic downturn brought about by the coronavirus pandemic. Philip Lowe, the governor of the Australian Reserve Bank, has warned against the consequences of unlimited […]
Bitcoin and a few altcoins are showing signs of weakness, which could result in a minor dip in the next few days, the Cointelegraph predicts. Grayscale Investments recent Q2 report shows that the firm took in $905 million into Bitcoin (BTC) and other altcoins. In Q1 of this year, the inflow into various Grayscale products was $503.7 […]
Select altcoins are showing strength and if Bitcoin price perks up a fast paced, market-wide rally could occur, the Cointelegraph predicts. The People’s Bank of China (PBoC) is rumored to be working with food delivery giant Meituan Dianping and ride-hailing application DiDi to test the digital yuan. Currently, Meituan Dianping is estimated to have more than 435 […]
Equities markets are surging and many altcoins continue to push higher as Bitcoin price consolidates into a tight trading range. The Nasdaq has regularly been making new highs for the past few days, which has resulted in a strong rally in a few technology companies. Along with this, a few stocks in the S&P 500 are also […]