Day: July 6, 2020

This Unexpected Metric Shows That Crypto Is in a Booming Bull Market

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It’s been hard for some to say that crypto is in a bull market. Despite Bitcoin rallying by over 150% from March’s $3,700 lows, it remains below crucial resistance levels at $10,500 and beyond. The same can be said about Ethereum, which has had similar trouble surmounting $250. Yet there are some early signs that the cryptocurrency market is finally entering a bull phase. And one such sign that a prominent industry executive mentioned is rather unexpected. Related Reading: Crypto Tidbits: Bitcoin Stalls at $9k, Cardano Shelley, Elon Musk &…

Bitcoin Is the ‘New’ Apple — How BTC Price Could Reach $60,000 by 2023

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In 1962 sociologist Everett Rogers published the well-known book Diffusion of Innovations in which he classified consumers in the following five groups: Innovators, Early Adopters, Early Majority, Late Majority, and Laggards. Adoption Curve. Source: Business-to-you Since its creation, the above chart has become widely used among many industries, although new technologies have better synthesized such research. The graphic flawlessly describes how each group’s psychological profile reflects on consumer habits and how they approach innovative products and services. One of the most important areas to note is the clear breaking point…

Expedia Partners With Crypto Service Travala.com for Crypto Bookings

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Expedia now allows its over 700,000 accommodations to be booked with cryptocurrency through crypto travel platform Travala.com. According to an announcement shared with Cointelegraph by Travala.com on July 6, the firm added over 700,000 accommodations to its crypto-powered travel platform’s already over 2 million options available in 230 countries. Senior Vice President at Expedia Group Alfonso Paredes said that the company aims to scale up Travala.com’s business faster than it did expand so far. Furthermore, he said that the firm also recognizes innovation and the importance of allowing users to…

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Tether’s Booming Popularity in China Sparks a New Wave of Crypto Crackdowns

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Tether (USDT) has seen massive inflows of capital throughout 2020, with much of this coming about not as a result of turbulence within the crypto market, but rather due to that seen in the traditional markets. Investors in countries where access to “safe haven” fiat currencies like the US Dollar is limited have widely begun purchasing USDT to hedge their portfolios. This has caused the stablecoin’s market cap to see massive growth, climbing over 100% since the start of the year. Much of this money has originated from China, and…

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“No Position Is the Best Position,’ Says Bitcoin Trader as Price Stagnates

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From a macro perspective, Bitcoin has basically flatlined. If you’ve followed the cryptocurrency market over the past few weeks, you probably know this. But BTC’s boring price action is a point worth repeating. Just look at the image below shared by a cryptocurrency technician and trader. It shows that the three-day Bitcoin historical volatility index (as per BitMEX market data) is at lows not seen since March/April of 2019. For those that missed the memo, a reminder: Bitcoin traded in a tight consolidation from December 2018 to March 31st, 2019…

The best Mining Bitcoin in 2020 เว็บหาเงินออนไลน์ที่จ่ายดีที่สุด

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Why an Analyst Isn’t Convinced Bitcoin Established a Top at $10,500

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Many traders have argued over recent weeks that Bitcoin’s recent price action resembles a textbook top. As NewsBTC has covered extensively, there are a number of signs to corroborate this sentiment: Yet a trader has argued that Bitcoin topping at current prices doesn’t make any sense to him. Here’s why. Related Reading: Nearly Half of Crypto Twitter Doesn’t Think Bitcoin Will Hit $50k in 2021 Did Bitcoin Really Establish a Top at $10,500? A cryptocurrency market technician shared the image below on July 5th, showing that if Bitcoin tops here,…

Enterprise Friendly Blockchain Tapping Into Wine Supply Chain Business

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Tampering, theft and counterfeiting have caused the wine industry millions of dollars in lost revenue. Symbol, an enterprise-friendly blockchain project from the NEM ecosystem is now providing blockchain technology amid further frauds in wine productions, according to a blog post published by NEM on July 4.   Symbol reportedly developed a blockchain solution that can trace and verify a large number of transactions per second. This can help wine growers and producers keep track of what’s happening with their raw materials and products at every stage of production and distribution.  Data…