March 25, 2020

Bitcoin Price Inches Higher to $6.7K on $2 Trillion Stimulus Agreement

March 25, 2020 boss

Bitcoin (BTC) price is continuing to move higher on March 25 alongside U.S. equities markets, which yesterday saw a historic 11%+ rise on news of a potential multi-trillion-dollar economic stimulus package. This was the single biggest daily rally since 1933. At press time, BTC price is attempting to establishing a higher foothold at $6,700 while Dow futures and are up over 114 points, according to Bloomberg Markets. The strong relief rally on March 24 also showed that investors anticipate that the stimulus package will help to stem bleeding markets and…

Anonymous Bitcoin SV Miners Capture 55% of the Network Hashrate

March 25, 2020 boss

The Bitcoin SV network has been a topic of conversation recently as stealth miners currently command more than 55% of the chain’s overall hashrate during the last seven days. Last year analysts noticed a large amount of the hashrate on all three SHA256 networks (BTC, BCH, and BSV) was being processed by mystery miners. Since then both BTC and BCH only have a small percentage of stealth miners hashing away at each network. Meanwhile, BSV and the coin’s community of participants currently face a block reward reduction 16 days from…

Here’s Why Bitcoin Bulls Aim Larger Rally Above $7K In Near Term

March 25, 2020 boss

Bitcoin is gaining momentum and it is trading above the $6,500 support against the US Dollar. BTC price is likely to continue higher towards $7,000 and $7,200 in the coming sessions. Bitcoin is showing a few positive signs above the $7,500 and $7,400 support levels against the US Dollar. The price could grind higher towards $7,000 or even $7,500 if it clears the $6,800 resistance. There is a major bullish trend line forming with support near $6,120 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…

Coin Metrics Report Shows Stablecoin Transfer Value Hit $444 Million

March 25, 2020 boss

Blockchain analysis company Coin Metrics has found that while Bitcoin (BTC) was experiencing its biggest daily drop in the last seven years, stablecoins reaped the benefits. Coin Metrics, which conducts analysis of various aspects of cryptocurrency tokens, released their State of the Network report on March 23. The report focused on how the rest of the crypto market fared during the BTC crash two weeks ago. According to Coin Metrics data, stablecoins gained market share, spreads on spot and futures markets widened, and transfer fees spiked as people rushed to…

Pullback In Ripple (XRP) Remains Attractive To Bulls In Short Term

March 25, 2020 boss

Ripple gained traction above $0.1550 and tested the $0.1640 resistance region against the US Dollar. XRP price is currently correcting lower, but dips remain attractive in the short term. Ripple price is currently correcting gains from the $0.1645 swing high against the US dollar. The bulls are in control and they are likely to protect the $0.1580 support area. There is a key connecting bullish trend line forming with support near $0.1580 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is likely to remain…

Tokyo-Based Association Announces New Guidelines for Blockchain Gaming

March 25, 2020 boss

One organization in Japan is finding new ways to explain regulations covering illegal activities in the blockchain gaming community. The Blockchain Contents Association (BCA) announced on March 24 that they had written new guidelines to deal with laws related to gambling and online scams. A Japanese self-regulatory organization established in February 2020, the BCA intends to promote customer protection for any blockchain-based content, including gaming and social media. Avoiding violating Japanese law on the blockchain Though many cities in Japan have explored establishing casinos, under local law gambling online and…

Ethereum Gearing For Lift-Off to $150: Rally Isn’t Over Yet

March 25, 2020 boss

Ethereum is currently trading nicely above the $135 support area against the US Dollar. ETH price is likely to break the $142 and $144 resistance levels for a move towards $150. Ethereum is trading in a positive zone above the $135 support against the US Dollar. The price is currently consolidating gains below the $144 resistance area. There is a key bullish trend line forming with support near $135 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is also consolidating gains above the $6,500 support area.…

Ethereum Gearing For Lift-Off to $150: Rally Isn’t Over Yet

March 25, 2020 boss