May 17, 2020

COVID-19 Incentivizing Crypto and Leading Mainstream Adoption

May 17, 2020 boss

Crypto is a place where everything changes faster than in any other industry, and seeing as it was born in the age of the internet, this is quite fitting. Today, China is leading the global digital asset initiative. The train of innovations seems to go faster as the digital yuan (also referred to as DCEP) has fueled rapid development in the field of distributed ledger technology. Instead of wallowing in a swamp of regulatory uncertainty, the Chinese government shifted its attention to benefits. The Chinese have not wasted time, and…

Fear of Altcoin Drop Hasn’t Halted Ethereum and Crypto Whales From Accumulating

May 17, 2020 boss

After rallying over 100% from March’s capitulation lows, analysts are expecting a retracement in Ethereum, Bitcoin, and other top cryptocurrencies. They cite simple technical factors showing this market has lost the bullish momentum it had just 10 days ago. This bearish outlook, however, hasn’t stopped investors with deep pockets from accumulating Deep Pockets Are Accumulating Ethereum & ERC-20 Tokens According to data shared by blockchain analytics firm Santiment, the top holders of a swath of cryptocurrencies — Ethereum, Maker, Basic Attention Token, Enjin, Ren, and Kyber Network — have all…

Bitcoin Price Charts Hint at the Most Exciting Breakout in Over a Year

May 17, 2020 boss

The price of the top-ranked cryptocurrency by market capitalization, Bitcoin (BTC), is set to explode in the coming week providing the weekly candle opens above $9,200. This would signal the end of a 46-week descending channel that BTC/USD has been locked in since it nearly tapped $14,000 in the summer of 2019. So is this the time to expect a new all-time high from the leading digital asset? Daily crypto market performance. Source: Coin360.com The weekly view BTC USD weekly chart. Source: TradingView At the time of writing, the price…

As US Pumps Trillions Into Economy, Bitcoin Price Likely to Be Affected

May 17, 2020 boss

Policymakers around the world have committed unprecedented amounts of fresh money in a bid to stave off an impending recession, or worse: a total depression. In the United States, the Senate approved a $2 trillion stimulus package in late March, and the House of Representatives has now accepted a proposal from House Democrats for another $3 trillion meant to ease the needs of Americans who are facing an unemployment rate of nearly 15%. As a response to COVID-19, the Federal Reserve has undertaken a wave of quantitative easing unparalleled in…