Day: April 7, 2020

Bitcoin Has Gained $600 for 3 Consecutive Mondays — Price Hits $7,400

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Bitcoin (BTC) bulls showed up early Monday morning and took full control of Bitcoin price by sending the price through the $6,900-$7,200 resistance zone to a nearly 4-week high of $7,454. The surge to $7,454 occurred as the United States’ markets opened strong, leading the S&P 500 and Dow to rally 7.03% and 7.73%, respectively.  It seems investors are beginning to gain some confidence as the rate of novel coronavirus infections begins to slow down in Italy, Spain and China along with murmurs of additional financial stimulus packages from governments. …

‘Hard for CoinMarketCap to Stay Neutral’

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Just one week after exchange Binance announced its acquisition of CoinMarketCap (CMC) — one of the most-referenced crypto data websites — some prominent figures in the crypto community are speaking out. Bobby Ong, Co-founder and Chief Executive Officer (CEO) of CoinGecko, gave an interview to My Two Gwei on April 6. Among the topics discussed was the crypto data website’s $400 million acquisition and the role it may play in the future.  Ong highlighted his company to “uphold data integrity” in the face of “many new exchanges… faking their volume.”…

Bitcoin Bulls Aim Crucial Test of 100-day SMA Near $8K

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Bitcoin is up close to 5% and it broke the $7,000 resistance area against the US Dollar. It seems like BTC bulls are now aiming a test of $8,000 or the 100-day simple moving average. Bitcoin is gaining traction and it recently surpassed the $7,000 barrier against the US Dollar. The price is up more than 80% from the 2020 low of $3,932. There is a key bearish trend line forming with resistance near $7,880 on the daily chart of the BTC/USD pair (data feed from Kraken). The bulls are…

Ripple (XRP) Retreats From Key Resistance But Bulls Are Comfortable

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Ripple is up close to 10% and it broke the $0.2000 resistance against the US Dollar. However, XRP price struggled to gain strength above $0.2025 and it is currently correcting gains. Ripple price is showing a lot of positive signs and it rallied above the $0.1880 resistance against the US dollar. There was a sharp rally above the $0.2000 barrier, but the bulls failed to remain in action above $0.2025. There is a key bullish trend line forming with support near $0.1940 on the hourly chart of the XRP/USD pair…

Brave Tokens Available for Trading on Gemini Starting April 24

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Brave, the open-source pay-to-surf browser, will soon have more options for trading its signature token. In April 6 blog post on the Gemini website, the platform announced they would soon support trading for Brave’s Basic Attention Token (BAT). Users will be able to deposit BAT into their Gemini accounts starting on April 24th at 9:30 AM EST, with trading to begin “soon thereafter”: “BAT is the sixth digital asset available for trading on the Gemini platform, joining bitcoin, ether, bitcoin cash, litecoin, and Zcash. We will be offering USD, BTC,…

Ethereum Rallies 20% But Fails To Surpass 100-day SMA

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Ethereum surged close to 20% and climbed above the $170 resistance against the US Dollar. However, ETH price is struggling to gain momentum above the 100-day simple moving average. Ethereum is up close to 20% and it broke the $155 and $165 resistance levels against the US Dollar. The price even tested the $175 resistance and the 100-day simple moving average. There is a crucial bearish trend line forming with resistance near $182 on the daily chart of ETH/USD (data feed via Kraken). The pair must climb above the $180…