Day: May 12, 2020

Ethereum Topside Bias Vulnerable Unless It Surges Past 100 SMA

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Ethereum is showing signs of an upside correction from the $176 low against the US Dollar. However, ETH price is likely to face a major resistance near $195 and the 100 hourly SMA. Ethereum extended its decline and traded to a new weekly low at $176. The price is currently recovering and showing positive signs above $185. There is a major declining channel forming with resistance near $189 on the hourly chart of ETH/USD (data feed via Kraken). The bulls are likely to struggle and face a strong barrier near…

BITCOIN LATEST PRICE NEWS | BNB COIN CAN PUMP| BTC AND CRYPTO COINS LATEST PRICE UPDATES | HINDI

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io BITCOIN LATEST PRICE NEWS | BNB COIN CAN PUMP| BTC AND CRYPTO COINS LATEST PRICE UPDATES | HINDI High volatility in bitcoin price can happen any time soon. Currently bitcoin BTC USD price is moving above $7000 which is a positive sign. Crypto analyst says if btc price drop below $6900 then value can drop more to $6000 which is a good support level for now. Bitcoin Halving also very near in future and price can pump if this cross the resistance…

Bitcoin Technical Analysis: BTC Braces For The Next Big Crash (March 2020)

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Don’t forget to subscribe and hit that notification ‘🔔’ & visit our base camp at – Bitcoin Technical Analysis: BTC Braces For The Next Big Crash (March 2020) Bitcoin is still trading within the bearish pennant. The reason we call it the bearish pennant is because this is not just a symmetrical triangle; the price was very clearly trading lower as it entered this pennant and therefore it is important to make that distinction so we can set our expectations accordingly. Bearish…

Brazil Could be New ‘Demand Source’ for Bitcoin

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Bitcoin’s year-to-date performance compared to the Brazilian Real coupled with the country’s financial woes may help drive demand towards the cryptocurrency. According to a new report released May 11 by Delphi Digital titled “The State of Bitcoin”, Brazil’s central bank lowering its interest rates to 3% and the fact the Real had lost 30% of its value relative to the U.S. dollar could drive away investors “who find the risk-reward tradeoff no longer attractive” in certain local markets. Delphi Digital speculated that this potential exodus could lead to a greater…

EOS Whales Are Accumulating on Every Dip; Bull Run Incoming?

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EOS entered a corrective phase on Apr. 30 that has seen its price retrace over 27%. The smart contracts token went from trading at a high of $3.1 to hit a low of $2.3. Despite the significant bearish impulse, data shows that large investors are accumulating EOS on every dip. If history repeats itself, this could be a sign that Ethereum’s rival is poised for a substantial upward movement. Whales Are Filling Their EOS Bags Santiment, a behavior analytics platform, noted in a recent report that something appears to be…

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The Last Time This Happened, Bitcoin Rallied 150%. The Signal Just Returned

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Bitcoin hasn’t done too well over the past few days. Despite the fact that the block reward halving came to pass just hours ago, the cryptocurrency is actually down since last week’s highs of $10,100, now trading at $8,500. This drop hasn’t stopped optimistic investors from expecting more upside though, with one analyst noting that Bitcoin could be on track to hit $20,000 as the year comes to an end. Related Reading: Don’t Be Surprised to See Bitcoin Rapidly “Pump” Towards $10,000: Analyst Bitcoin Is Preparing to Explode Towards $20,000…

Smaller Bitcoin Wallets on the Rise Since Second Halving

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The number of Bitcoin addresses since the second halving has increased across the board, but the number of small wallets with balances of less than 0.1 BTC saw the greatest improvement. According to data from Glassnode posted on May 11, the number of Bitcoin (BTC) addresses with a balance of under 0.01 BTC — approximately $86 at the time of writing — after the third halving increased 235% when compared to the second halving in July 2016, exceeding ten million. Those addresses with a balance between 0.01 BTC and 0.1…

Chainlink Brings Verifiable Randomness to Ethereum

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On May 11, Chainlink (Link) announced the launch of a verifiable random function (VRF) that enables generation of on-chain trusted randomness. Ii is undergoing security review on the testnet where it is available for integration testing. Initially, it will work with the Ethereum (ETH) blockchain. Benefits to gaming Although this may sound like something that only mathematicians or rocket scientists would care about, it has quite a few very practical applications. Chainlink’s founder and CEO, Sergey Nazarov, speaking to Cointelegraph, pointed out how it would solve some of the problems…