Day: May 8, 2020

Chartist Who Called $6,400 Bottom Says Bitcoin Looks โ€œToppyโ€

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Bitcoin enjoyed an impressive rally over the past 60 hours. The flagship cryptocurrency rose by nearly 13%. The sudden upswing allowed it to jump from a low of $8,900 to test the psychological $10,000 resistance level. Throughout the upward move, over $23 million worth of BitMEX short positions were liquidated as all previous bearish calls were invalidated. However, one of the most prominent analysts in the industry who is well-known for his bold predictions now estimates that Bitcoin looks โ€œtoppy.โ€ Bitcoin Seems Poised for a Correction The renowned chartist maintains…

WARNING!!! BITCOIN BREAK IMMINENT!! $4,000 BEARISH TARGET IN RISING WEDGE!

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Top Experts Make Bitcoin Price Predictions as BTC Halving Approaches

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Hype is steadily building across the wider cryptocurrency community as the looming Bitcoin mining reward halving draws closer.ย  As the world grapples with the heavy economic downturn spurred on by the ongoing global coronavirus pandemic, the value of Bitcoin has been at odds with conventional stock markets. A driving force behind this trend is the halving, which is expected to take place on May 12. The halving event is highly anticipated, as the Bitcoin reward for validating one block will be reduced by half. This is a core deflationary function…

Bitcoin Rally Puts Ethereum En Route to $226 and Beyond

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Etheruem surged higher Thursday alongside Bitcoin as a prominent hedge fund tycoon declared he would invest in bitcoin futures. The ETH/USD exchange rate eyed an extended move to retest its local top near $226. With halving coming on May 12, the pair could rise further owing to its positive correlation with Bitcoin. But there are risks. Ethereum moved upward quietly as the past 24 hours saw Bitcoin stealing the limelight after attracting a $22 billion hedge fund to its market. The second-largest cryptocurrency topped near $217 in early trade Friday,…

Blockchain, Cobalt, Slavery… and Your Car (Electric or not)

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โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io This video was made possible thanks to the kind donations of our supporters on Patreon and Ko-fi. Join them in supporting us. Buy the team a coffee — or a meal! Follow our ‘second’ channel – Transport Evolved Take Two, at Follow the show on Twitter Join our Discord Channel: Support us on Patreon: Follow Nikki’s personal channel at ——- It’s pretty accepted by now that electric cars are better for the environment than internal combustion engine ones…. at least when it…

Bitcoin Eyes First 9-Week Bull Run as Options Open Interest Hits $1B

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Bitcoin (BTC) is just days from sealing the longest weekly bull run in its history, as markets continue to push for $10,000 support. Data from Cointelegraph Markets, CoinMarketCap and TradingView confirmed that as of May 8, BTC/USD was on course for its eighth consecutive green candle on weekly timeframes. Bitcoin 10-month weekly chart. Source: TradingView This has only happened three times in Bitcoinโ€™s history โ€” if next week also closes higher, it will mark the first time ever that BTC/USD has closed nine green weekly candles. The impressive price statistics…

Bitcoin in Emerging Markets: Latin America

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In advance of her โ€œCrypto Across Emerging Marketsโ€ panel atย Consensus: Distributedย on May 11, Leigh Cuen is writing a three-part column on how cryptocurrencies are used in the developing world. The first installment exploredย bitcoin adoption in the Middle East and the second covered Africa. Some believe the broader economic crisis might lead to โ€œdollarizationโ€ in emerging markets, where people increasingly use global currencies like dollars instead of their local fiat.ย  It remains unclear how bitcoin will play into that prospective shift, as bitcoin is still too immature to be predominately used…

Bitfinex Now Has a Derivatives Contract Offering Exposure to Bitcoin Dominance

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A new derivative from Bitfinex allows investors to take a position on bitcoin’s overall share of the cryptocurrency market. The Seychelles-based crypto exchange said Wednesday the BTCDOM contract would allow investors to bet on bitcoin’s dominance rate โ€“ a metric for determining the market’s bitcoin value versus the value of other cryptocurrencies. The first of its kind, BTCDOM is a perpetual swap โ€“ a future without expiry date โ€“ that relies on a proprietary Bitcoin Dominance Index, comprised of seven of bitcoin’s most liquid trading pairs, including those with large-cap…

Ethereum (ETH/USD) – New Week The c $170 levels – T.A – April 20 Technical Analysis & Predictions

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โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Join me on LBRY too. I consider YouTube to be way way out in front as number one but just so you know there are other places my videos are shared to also so check it out! Here’s a good video for new traders: Tradespotting’s Risk Management Intro. As always, don’t be greedy. Don’t be ‘Fraid Of Missing Out and all that jazz. Like subscribe and share with your pals. All you need to know about ETH on April 20th, 2020 by…

Open Positions on Bitcoin Options Pass $1B for First Time

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Open contracts on bitcoin options rose to record highs on Thursday as the cryptocurrencyโ€™s price rose into five figures. Data from major exchanges โ€“ Deribit, LedgerX, Bakkt, OKEx, and CME โ€“ shows that open interest on options rose above $1 billion, surpassing the previous all-time high of $70 million registered on Feb. 14, according to crypto derivatives research firm Skew.ย  The metric has increased sharply from the low of $410 million observed in March when the bitcoin market crashed on so-called โ€œBlack Thursday.โ€ Deribit, the worldโ€™s biggest crypto options exchange…