Over the last few hours, Bitcoin price (BTC) swiftly dropped 3% from $8,863 to $8,557 and for the third time in 24 hours bulls were forced to defend the $8,600 support level, which has currently been bought into on each dip. The pullback came after the digital asset struggled to rise above $9,000, twice testing $8,863 over the past day, which could be interpreted as a take profit signal for traders. Cryptocurrency market weekly overview. Source: Coin360 BTC USD daily chart. Source: TradingView At the time of publishing, the price…
Day: January 16, 2020
Blade Is to Introduce Zero-Fee Bitcoin Perpetuals Trading in February
Crypto perpetuals exchange Blade announced it is beginning to operate on zero-fee trading next month in order to win market share from its competitors. This exchange is backed by Coinbase and it started with its work already in September. However, before it had a $10 subscription fee but it decided to remove it as well. Assumption is the exchange wants to create a network of monthly subscribers. Still, they will not be paying any fee for trading. Even though the company is San Francisco based, it forbids U.S. citizens from…
Bitcoin Forming Double Top And It’s Vulnerable Below $8,500
Bitcoin struggled to break the $8,900 resistance on two occasions against the US Dollar. BTC price is showing a few bearish signs and it seems like it could decline towards $8,300 or $8,200. Bitcoin price is likely forming a double top pattern near the $8,900 resistance against the US Dollar. The price is down 3% and it is now trading below the $8,700 support. There was a break below a key bullish trend line with support near $8,660 on the hourly chart of the BTC/USD pair (data feed from Kraken).…
Bitcoin Forming Double Top And It’s Vulnerable Below $8,500
Bitcoin struggled to break the $8,900 resistance on two occasions against the US Dollar. BTC price is showing a few bearish signs and it seems like it could decline towards $8,300 or $8,200. Bitcoin price is likely forming a double top pattern near the $8,900 resistance against the US Dollar. The price is down 3% and it is now trading below the $8,700 support. There was a break below a key bullish trend line with support near $8,660 on the hourly chart of the BTC/USD pair (data feed from Kraken).…
Ripple (XRP) Price Testing Last Line Of Defense: Here Are Key Reversal Levels
Ripple is down more than 4% after it was rejected near $0.2450 against the US Dollar, similar to bitcoin near $8,900. XRP price is now approaching the key $0.2230 and $0.2200 support levels. Ripple price declined steadily after forming a short term top near $0.2451 against the US dollar. The price is down more than 8% from the recent high and it is now well below $0.2320. Recently, there was a break below a key triangle support at $0.2234 on the hourly chart of the XRP/USD pair (data source from…
Meet the DC Advocacy Org Helping Put Blockchain on the US Military’s Radar
Later this year, the U.S. Department of Defense (DoD) will give a report to Congress about ways in which blockchain technology might enhance the work of the U.S. military. The D.C.-based Value Technology Association (VTA) helped lead the charge in requiring DoD to put together such a hearing, VTA President Jason Brett said in a video interview with CoinDesk at the Consumer Electronics Show (CES) in Las Vegas last week. “What our Value Technology Foundation worked on was a blockchain briefing,” Brett said. “We wanted the military to look at…
Meet the DC Advocacy Org Helping Put Blockchain on the US Military’s Radar
Later this year, the U.S. Department of Defense (DoD) will give a report to Congress about ways in which blockchain technology might enhance the work of the U.S. military. The D.C.-based Value Technology Association (VTA) helped lead the charge in requiring DoD to put together such a hearing, VTA President Jason Brett said in a video interview with CoinDesk at the Consumer Electronics Show (CES) in Las Vegas last week. “What our Value Technology Foundation worked on was a blockchain briefing,” Brett said. “We wanted the military to look at…
Here Is Why Dips In Ethereum Could Be A Trap By The Bulls
Ethereum rallied towards $170 and bitcoin jumped towards $9,000 before starting a downside correction. However, dips in ETH price remains supported near $158 and $155. Ether price started a downside correction the new 2020 high at $172 against the US Dollar. The price is currently trading below $165 and it could extend its decline. There is a major declining channel forming with resistance near $165 on the hourly chart of ETH/USD (data feed via Kraken). The pair could test the key $155 support area before it starts a fresh increase…
Bitcoin Lawsuit Heats Up With More Bonded Courier Tales
During the last few days, cryptocurrency participants have been discussing the notorious Kleiman v. Wright lawsuit as new developments have revealed a third party provided Craig Wright with the necessary information to unlock an encrypted file he could not access previously. Additionally, another court filing explains that Wright provided the court with a list of his “bitcoin holdings” so he can comply with the court magistrate’s prior orders. Also read: Scottish Novelist Andrew O’Hagan Asked to Testify in Kleiman v. Wright Lawsuit Craig Wright Reveals a Third Party Has Provided…
More Bitcoin Scam Ads With Martin Lewis on Instagram — Can We Get a Filter for That?
Suspected crypto con artists are once again using the likeness of British financial expert Martin Lewis to defraud unsuspecting victims. In 2019, Lewis settled a defamation suit against Facebook for similar Bitcoin (BTC) scam adverts. Instagram says deceptive advertisements have no place on its platform and plans to continue improving its detection protocols for such content. Social platforms have been known to censor crypto-related content, instituting blanket bans on crypto ads on several occasions. However, Facebook has recently relaxed this policy amid the roll-out of its own digital currency project. The social media…