Day: February 16, 2020

Bitcoin Price Drop Nets Bitfinex ‘Whale’ $10 Million in 5 Minutes

boss

Late Saturday night on Feb. 15, Bitcoin (BTC) price briefly reclaimed the $10K mark after a tumultuous day of trading that saw the price drop 5.35% to $9,853. The possibility of a downside break was enhanced by Bitcoin’s failure to hold above $10,330 and for the past 4 days $10,450 to $10,500 served as a stiff zone of resistance.  According to data from Skew Analytics, the swift 5.35% drop resulted in $90 million worth of liquidated leveraged positions at BitMex.  BitMEX XBTUSD Liquidations. Source: Skew.com Bitfinex whale recovers $10M in…

Bitcoin Highly Bullish Despite Selloff; Here’s What Could Propel it to $11,000

boss

Bitcoin corrected lower sharply from the $10,500 resistance against the US Dollar. However, BTC is still above the key $9,800 support and it could soon rally again. After trading to a new 2020 high, bitcoin price corrected lower from $10,507 against the US Dollar. The price declined below the $10,200 and $10,000 support levels. There is a key bullish trend line forming with support near $9,800 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is well supported above $9,800 and the 100 simple moving…

Ethereum Gearing For Another Lift-Off to $300: Rally Isn’t Over Yet

boss

Ethereum started a downside correction from the $288 high against the US Dollar, similar to bitcoin. ETH price is now forming a strong support above $260 and it could climb higher again. ETH price is trading with a solid bullish sentiment above the $260 level against the US Dollar. The price corrected lower recently, but the bulls defended $260 and $255. There is a major contracting triangle forming with resistance near $274 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could surge again if it breaks…

Ethereum Gearing For Another Lift-Off to $300: Rally Isn’t Over Yet

boss

Ethereum started a downside correction from the $288 high against the US Dollar, similar to bitcoin. ETH price is now forming a strong support above $260 and it could climb higher again. ETH price is trading with a solid bullish sentiment above the $260 level against the US Dollar. The price corrected lower recently, but the bulls defended $260 and $255. There is a major contracting triangle forming with resistance near $274 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could surge again if it breaks…

Not All Central Banks Have an Interest in CBDCs

boss

The recent survey results published by the Bank of International Settlements produced bullish and bearish sentiments with regard to Central Bank Digital Currency adoption. While banks in Emerging Market Economies (EME) are moving more rapidly toward issuing government-sponsored CBDCs, those in established countries appear to be taking a more cautious stance on the transition from fiat currencies to digital. The irony here is that the banks that could potentially catapult the world into the digital currency age are the ones that are the least likely to be the early adopters.…

Bitcoin ATMs Grow in Number Reaching Almost 7,000 in Operation Around the World

boss

ATMs supporting digital coins have increased parallel to the predominant trend on cryptocurrency markets since the beginning of 2020. With over 400 new devices added in January, the global total is now closing on the 7,000 mark. The sector has seen exponential growth in the past three years. Also read: Bitcoin.com Partners With Mecon Cash, Enabling Withdrawal at ATMs Across South Korea Crypto Teller Machines Increase by Over 5% in January This year had a promising start for cryptocurrencies, with the price of BTC rising from below $7,000 in the…

10 Ways PewDiePie Made the World a Little Less Sucky

boss

A fellow YouTuber recently spoke about how negative press affects PewDiePie personally. While Felix continues his YouTube hiatus, JackSepticEye says, “I would have lost my mind by now.” So here are ten very admirable ways Felix Kjellberg has made the world a much better place. Or at least made it suck a little bit less. PewDiePie continues to enjoy his time off after years of uploading new videos to YouTube every day. And his fans are starving for new PewDiePie content. But his good friend Seán McLoughlin, the creator behind…