Day: April 9, 2020

Bitcoin Doesn’t Care as US Debt Reaches an Unfathomable $24 Trillion

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The national debt of the United States has crossed $24 trillion for the first time in history as Donald Trump’s presidency adds $4 trillion in four years. According to figures from online monitoring resource Trading Economics, the tally now stands at $24.018 trillion as of April 9. The amount is equal to $72,888 for each U.S. citizen, or $193,805 per taxpayer. U.S. massive debt mountain mushrooms The almost incomprehensible size of national debt comes weeks after the Federal Reserve began an unprecedented money printing program.  Providing $6 trillion of liquidity,…

3 Options for Traders as Bitcoin Price Is on the Verge of a Breakout

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Bitcoin price (BTC) is currently in a sort of stasis, unexcitedly trading in the expected range and over the past 48-hours dropping to the former rising wedge trendline at $7,150 and again to the $7,200 support before rebounding to the low $7,400 region. Crypto market daily price chart. Source: Coin360 For the time being, the price is consolidating within the $7,200 to $7,460 range. The next thing bulls will be looking for is for BTC price to push above the recent high to set a higher-high above $7,663 before launching…

Bulls Beware: Bitcoin Could Dive After This Key Technical Breakdown

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Bitcoin is showing a few bearish signs below the $7,400 resistance area against the US Dollar. BTC price is currently declining and it could extend its weakness towards $7,100 or $6,800. Bitcoin is struggling to clear the $7,400 and $7,500 resistance levels against the US Dollar. The bears are slowly taking control and they are likely aiming a test of $7,000. There was a break below a crucial bullish trend line with support near $7,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could…

BCH Post Halving: Two Hour Blocks, Hash Rate Hit

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Not even a day has passed since the Bitcoin Cash halving and already the hash rate has taken a hit and block generation slowed significantly. Many predicted that at least some miners would abandon BCH and move to more profitable coins like Bitcoin (BTC) after their rewards were halved from 12.5 to 6.25 BCH. But as hash rates rise and fall each day, the data for BCH is open to interpretation.  Fork.lol shows a 60% fall in the BCH hash rate from 4.36 EH/s yesterday to 1.6 EH/s at the…

Ripple (XRP) Just Signaled “Sell” And It’s Vulnerable to Substantial Correction

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Ripple is struggling to clear the $0.2025 and $0.2050 resistance levels against the US Dollar. XRP price is currently correcting lower and it could extend its decline towards $0.1920 or $0.1880. Ripple price is showing a few bearish signs below the $0.2025 resistance against the US dollar. It seems like the bulls are struggling to clear the $0.2025 and $0.2050 resistance levels. There was a break below a key contracting triangle with support near $0.2000 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could…

Bullet-Proof Crypto Mixer ‘’PenguinX’’ Brings Anonymity to Bitcoin

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Bitcoin was born with the intention of having a currency free from the control of banks and governments. However, Bitcoin and most other cryptocurrencies are transparent and can be subject to analysis techniques that destroy users’ privacy. To avoid this type of surveillance, PenguinX has developed a Bitcoin mixer that uses artificial intelligence to protect the privacy of Bitcoiners around the world. Privacy in the Digital Age Bitcoin is neither completely anonymous nor completely transparent. Bitcoin’s privacy lies in a gray area that depends solely on user domesticity. Depending on…