April 2020

Ethereum Rally Seems Unstoppable: Here’s Why It Could Test $250

April 30, 2020 boss

Ethereum is up more than 12% and it broke the $220 resistance against the US Dollar. ETH price is likely to continue higher and it could even test the $240 and $250 levels. Ethereum is surging and it recently broke the $215 and $220 resistance levels. The price is now trading well above the $200 pivot level and the 100-day simple moving average. There was a break above a major bearish trend line with resistance near $200 on the daily chart of ETH/USD (data feed via Kraken). The pair is…

Telegram Caves to US Regulators: Delays Blockchain Launch, Offers to Return $1.2B to Investors

April 30, 2020 boss

Messaging app Telegram postponed the launch of its blockchain project TON for a second time on Wednesday, pushing the new go-live date to April 2021 and triggering a costly clawback clause in its agreement with token-sale investors. According to a letter to investors obtained by CoinDesk, Telegram is offering to return up to 72% of each investor’s stake. The terms were agreed upon when Telegram first postponed TON’s launch in October, following a lawsuit from the U.S. Securities and Exchange Commission (SEC) charging Telegram with running an unregistered securities sale…

Peter Brandt likens Tether to ‘Nigerian Trinkets’

April 30, 2020 boss

Renowned veteran trader Peter Brandt has compared holding Tether (USDT) to the risk of holding ‘the Nigerian Trinket’. In a tweet earlier today, Brandt took aim at the controversial stablecoin, calling people “fools” for holding Tether “even overnight”. “It is a joke when people condemn USD as fiat, yet hold Tether,” he said. To be fair to Nigeria, their currency is actually called the ‘naira’ — not the trinket — and inflation there is around 18%, which isn’t good, but also isn’t terrible compared to countries with hyper-infation like Venezuela. …

Peter Brandt likens Tether to ‘Nigerian Trinkets’

April 30, 2020 boss

Bitcoin Roars Past $9,000 as Frantic FOMO on Binance & Coinbase Continues

April 30, 2020 boss

The past 24 hours have been explosive for the Bitcoin market. Ever since breaking past $7,800 on Wednesday morning, the cryptocurrency has been in a nearly unstoppable uptrend, rallying past resistance after resistance in the $7,000s, $8,000s, then most recently, the ever-important $9,000 level. This steep uptrend comes on the back of an influx of buying volume on retail exchanges such as Coinbase, which temporarily crashed on Wednesday due to the influx of buying activity. Binance, too, saw an influx of volume, with the exchange registering $11 billion worth of…

BTC Tops $9,000, Recovery Leaves Stock Market in the Dust

April 30, 2020 boss

Bitcoin (BTC) just broke past $9,000 at 3.30am UTC. The price recovery far outpaces the Dow Jones Industrial Average, or Dow, one of the mainstream market’s key barometers. Since its bottom near $3,850 on March 13, Bitcoin has pumped more than 130% in price, according to TradingView.com chart data. At its recent high near $24,750, the Dow has only risen approximately 36% since its March 23 low near $18,210. Bitcoin is once again the best performing asset in 2020. It’s official. #Bitcoin is the best performing asset of the year…

BTC’s Tops $9,000, Recovery Leaves Stock Market in the Dust

April 30, 2020 boss

Bitcoin Rallies 15% And It’s Now And Primed To Hit $9.5k: Technicals Show

April 30, 2020 boss

Bitcoin is up more than 15% in a pre-halving rally against the US Dollar. BTC broke the key $8,000 resistance and the 100-day simple moving average to open the doors for $9,500 or $10,000. Bitcoin is surging and it settled nicely above the $8,000 resistance pivot level against the US Dollar. The price is gaining momentum above the 100-day simple moving average and it could test $9,500. There is a major bullish trend line forming with support at $7,400 on the daily chart of the BTC/USD pair (data feed from…