April 5, 2020

Bitcoin Price Now in a ‘Key Spot’ to Conquer $6.9K Before Weekly Close

April 5, 2020 boss

As the weekend began Bitcoin (BTC) price traded in a relatively tight range after making a second attempt at $7,000 on April 4. The digital asset surged to $6,988 before pulling back to the $6,800 range for the remainder of the day. As Bitcoin spent Saturday trading sideways, the majority of the top-ten altcoins posted marginal gains. Ether (ETH) gained 1.57%, Litecoin (LTC) added 1.02%, and Binance Coin (BNB) managed to gain 2.31%. Crypto market daily price chart. Source: Coin360 At the time of writing, the price continues to hold…

Bitcoin Showing Signs of Weakness But 100 SMA Can Trigger New Rally

April 5, 2020 boss

Bitcoin is struggling to gain momentum above the key $7,000 resistance against the US Dollar. BTC is likely to surge past $7,000 as long as it is above $6,400 and the 100 SMA (H4). Bitcoin price is currently showing a few bearish signs below the $7,000 resistance area. There is a strong support forming above $6,400 and the 100 simple moving average (4-hours). There is a key bullish trend line forming with support at $6,425 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could…

7 Crypto Firms Targeted by 11 Lawsuits in New York

April 5, 2020 boss

Seven crypto companies have been targeted by 11 lawsuits that were filed in a New York federal court on April 3. The suits were filed by Roche Freedman — the same law firm representing the estate of the late Dave Kleiman in the ongoing dispute with self-proclaimed Satoshi Nakamoto, Craig Wright. Eleven lawsuits target seven crypto companies The eleven putative class action suits name dozens of parties including cryptocurrency exchanges Binance, KuCoin, BiBox, and BitMEX and parent company HDR Global Trading Limited, and alleged crypto issuers Block.one, Quantstamp, KayDex, Civic, BProtocol,…

Ethereum Breaking This Crucial Support Could Spark a Sharp Decline

April 5, 2020 boss

Ethereum is struggling to gain bullish momentum above the $145 resistance against the US Dollar, similar to bitcoin. ETH price must stay above the $140 support area to remain in an uptrend. ETH price is currently facing a strong resistance near $145 and $150 against the US Dollar. There is a crucial support forming near the $140 level and the 100 simple moving average (4-hours). There is a major contracting triangle forming with resistance near $145 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could either…

BIS Calls for Central Bank Digital Currencies Amid Coronavirus Pandemic

April 5, 2020 boss

The Bank of International Settlements (BIS) has issued a report arguing in favor of central bank digital currencies (CBDCs) and digital payments amid the COVID-19 pandemic. The bulletin published by the BIS, a 600-member international financial institution representing the central banks of 60 countries, urges central banks to consider developing CBDCs in light of concerns regarding the spread of coronavirus through existing payment methods. BIS warns of COVID-19 transmission via credit card terminals The report notes a significant negative change in consumer attitudes regarding the use of cash in response to…