Bitcoin Price Surges 10% to Key Resistance Level as Bulls Target $7,400

Less than 24-hours ago Bitcoin (BTC) price dropped to a two week low at $6,468, inciting calls for a revisit to the sub-$6K zone but the digital asset deftly shook off the bears by reversing course to rally to $7,190.ย  At the time of writing the Bitcoin trades slightly above $7,100. As one would expect, altcoins followed the drop in Bitcoin price but as it recovered a number of top altcoins also bounced strongly. Ether (ETH) managed a 17.77% gain, while Binance Coin (BNB), and Chainlink (LINK) surged by 11.65%…

Major US Banks Go Down Due to Stimulus Payout Demands

Some U.S. banks have been unable to handle the increased demand generated by the stimulus checks being distributed to 80 million Americans. On April 15 the online platforms for US Bank, PNC, and Fifth Third Banks went down, apparently unable to handle the inflow of stimulus funds. On April 16 some users of the online-only Ally Bank reported outages, with US Bank customers reporting ongoing problems as well.ย  Banks have shown they are unable to scale with the increased demand. Ironically, the โ€œlack of scalabilityโ€ is a typical criticism of…