Day: April 19, 2020

Blockchain’s Need for Speed Brings New Tools to the Crypto Industry

boss

Another day, another mainnet launch. Or at least, that’s sometimes how it can feel in the blockchain space, as every project seems to be scrambling to be the latest and greatest in balancing the trade-offs between speed, scalability and security. Unfortunately, many of them end up languishing with little development activity and precious few users. Therefore, when a new project comes along that appears to be stirring up genuine excitement among established players and investors in the space, it’s worth taking a second look. Despite being new on the scene…

Don’t Sleep on This Key Sign Showing Bitcoin Bottomed At $3,700

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Last month, as the world began to grapple with the economic reality of the coronavirus outbreak, Bitcoin fell off a cliff — tumbling from $7,700 to $3,700 within the span of two days, a drop of over 50%. Since then, a question that has plagued investors is if Bitcoin bottomed during that crash. While there is no decisive answer yet as BTC is “still not out of the woods,” so to say, there is evidence mounting that the March crash cemented a new macro low for this market. Related Reading:…

Don’t Sleep on This Key Sign Showing Bitcoin Bottomed At $3,700

boss

Last month, as the world began to grapple with the economic reality of the coronavirus outbreak, Bitcoin fell off a cliff — tumbling from $7,700 to $3,700 within the span of two days, a drop of over 50%. Since then, a question that has plagued investors is if Bitcoin bottomed during that crash. While there is no decisive answer yet as BTC is “still not out of the woods,” so to say, there is evidence mounting that the March crash cemented a new macro low for this market. Related Reading:…

Bitcoin Price Fighting to Close Week Above Key $7,200 Resistance Level

boss

On Saturday Bitcoin (BTC) price punched a hole through the $7,200 resistance, rallying all the way to $7,293 to briefly escape the resistance cluster the price has been trapped within since April 6.  As the Bitcoin price surged on Saturday, altcoins also added commendable gains. Ether (ETH) rallied to $189.60 before pulling back to trade at $182.50. Chainlink (LINK) pushed to $3.82 and at the time of writing trades for $3.70 while Tezos (XTZ) surged to 12% to $2.37 before dropping to $2.23 in the last hour.  The overall cryptocurrency…

Ethereum Could See Technical Correction: Key Buy Zones To Watch

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Ethereum is up more than 20% from the $150 support area against the US Dollar, and gained traction vs bitcoin. ETH price is correcting lower, but it remains well supported. ETH price is showing a lot of positive signs above the $175 and $180 levels against the US Dollar. A new monthly high is formed near $190 and the price is currently correcting lower. There is a key connecting bullish trend line forming with support near $175 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is…