Day: April 14, 2019

Bitcoin Price above $3,000 is Good News for Bulls: Analyst

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Bitcoin price above $3,000 is good news for bulls, according to Crypto Michael. The full-time trader and cryptocurrency commentator said bitcoin scaling between $3,000 and $5,000 was bullish, adding that a drop below $3,000 would result in an equally strong bullish makeover. “The future perspectives of BTC are brilliant, and we’ll laugh about $5,000 in some years,” Michael predicted. Reminder to everyone whose not trading. Scaling in between $3,000 and $5,000 is very good. Lower than $3,000? Fine, use some to buy some. The future perspectives of $BTC are brilliant…

Indian Banks Consider Promoting Blockchain Tech Use for Payments

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The National Payments Corporation of India (NPCI) is considering implementing blockchain technology to increase the strength of digital transactions, Indian business magazine Business Today reports on April 14. The initiative of ten banks, under the aegis of the Indian Banks’ Association (IBA), aims to improve the NPCI by implementing distributed ledger technology, the publication underlines. The NPCI, an umbrella organization that operates retail payments and settlement systems in India and includes 56 national banks as stakeholders, was set up with the guidance and support of the Reserve Bank of India…

Binance Asserts Bitcoin (BTC) Has Reached An Ultimate Bottom

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Bitcoin Might Have Bottomed Over recent weeks, investors and industry firms across the board have claiming that the Bitcoin (BTC) bottom is in. Binance, the world’s most popular and used crypto asset exchange, is the latest entity to joined this bandwagon, touting the merits of the “bottom is in” theory in a recent study. According to the document, titled “Investigating Cryptoasset Cycles” and published through Binance’s research arm, there are many signs that BTC has established a long-term floor in this bear market. Binance’s researchers and analysts first looked to…

Bitcoin Price (BTC) Uptrend Intact & Dips Remain Attractive To Buyers

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A fresh yearly high was formed at $5,465 before bitcoin corrected lower against the US Dollar. The price started a downside correction and traded below the $5,200 support level. There was a break below a major bullish trend line with support at $5,200 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair tested the $4,950 support area and it seems like there are many supports on the downside. Bitcoin remains in a strong uptrend despite the recent correction below $5,200 against the US Dollar. BTC…

Ethereum (ETH) Price Approaching Significant Support

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ETH price started a downside correction after testing the $188 level against the US Dollar. The price declined below the $174 and $165 support levels to move into a short term bearish zone. There is a crucial bullish trend line forming with support at $155 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could decline further towards the $155 support before it could bounce back. Ethereum price started a major downside correction versus the US Dollar and bitcoin. ETH is currently under pressure and it seems…

Young Africa Looks to Crypto for Payment

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Data from Google Trends shows that Lagos, Nigeria ranks as the number one city based on the volume of online searches for Bitcoin (BTC). While this data may indicate a high level of interest among the city’s approximately 21 million people, it has yet to equate to tangible adoption of the emerging trend of technology. But that is changing, as a growing movement among young people frustrated with existing payment systems looks for alternatives. Bitcoin as a dollar substitute For the most part, “Lagosians” who are aware of the existence…

Slowing Macroeconomy Could Be A Boon For Bitcoin & FAANG Stocks: Researchers

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Since 2018’s bear market came to life, investors have tried to determine what will revive Bitcoin (BTC) once again. According to industry researcher boutique Delphi Digital, the strength (or lack thereof) of the macroeconomy could be a boon for the cryptocurrency market moving forward, in spite of the fact that many pundits see digital assets as independent of traditional systems. Bitcoin Could Catch Investors Looking For “Significant Price Appreciation”  Per an excerpt from the New York-based group’s most recent report, a potential rise in growth investing strategies (throwing money at…