Day: April 14, 2020

Crypto Entrepreneur Sells $20,000 in Personal Tokens on Ethereum

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Alex Masmej, founder of a company offering loans against non-fungible tokens, has just raised $20,000 after selling his personal tokens on the Ethereum network. In a Tweet to his 3,000+ followers on April 12, Masmej announced that the initial offering of his personal token $ALEX had sold for $20,000 among 29 participants. The crypto entrepreneur promoted the sale in a blog post calling it the “Initial $ALEX Offering”, but originally announced the offer at the Ethereum Community Conference in March. New way to fund crypto ventures According to the crypto…

Ethereum Price Approaching Key Hurdle But Can Bulls Make It?

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Ethereum is currently correcting higher from the $148 monthly low against the US Dollar. ETH price is now facing a couple of key hurdles near the $158, $162 and $164 levels. Ethereum is slowly recovering higher after trading as low as $148. The price is trading above the $152 level, but the bulls are facing a lot of hurdles. Yesterday’s followed two bearish trend lines are active with resistance near $160 and $164 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair could only turn bullish once…

Bitcoin Lacks Momentum Above 100 SMA: Here’s Why Bears Are Comfortable

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Bitcoin is currently correcting higher from the $6,559 swing low against the US Dollar. BTC price is now testing the 100 hourly SMA and it is likely to struggle near $6,960-$7,000. Bitcoin is slowly recovering higher after trading as low as $6,559 against the US Dollar. The bulls were able to push the price above the $6,750 and $6,800 level. There is a major bearish trend line forming with resistance near $7,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to struggle…

Bitcoin Lacks Momentum Above 100 SMA: Here’s Why Bears Are Comfortable

boss

Bitcoin is currently correcting higher from the $6,559 swing low against the US Dollar. BTC price is now testing the 100 hourly SMA and it is likely to struggle near $6,960-$7,000. Bitcoin is slowly recovering higher after trading as low as $6,559 against the US Dollar. The bulls were able to push the price above the $6,750 and $6,800 level. There is a major bearish trend line forming with resistance near $7,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to struggle…

Bitcoin Price Could Drop to $3,200

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Writing from the United States Penitentiary Tucson, Ross Ulbricht sees Bitcoin (BTC) getting closer to the bears as a possibility for 2020. Posting to his personal Medium account on April 12, the Silk Road founder wrote the recent volatility of the cryptocurrency — in particular the March 12 bloodbath — will most likely lead to a bear market until “June or July 2020”. However, it could drag on into next year. “The cycle-degree bull market — from Bitcoin’s beginning to the ~$20,000 peak of late 2017 — is over. We…