Day: August 26, 2020

Market Wrap: Bitcoin Braces for $700M in Options to Expire; Record $7B Value Locked in DeFi

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The bitcoin market bottomed out around $11,100 before bouncing back; DeFi continues an upward trend, garnering interest from traders and perhaps creating new ones. Bitcoin (BTC) trading around $11,467 as of 20:00 UTC (4 p.m. ET). Gaining 1.2% over the previous 24 hours. Bitcoin’s 24-hour range: $11,102-$11,593. BTC above its 10-day moving average but below the 50-day, a sideways-turning-bullish signal for market technicians. Bitcoin trading on Coinbase since Aug. 24.Source: TradingView Bitcoin’s price was able to hold above $11,100 Wednesday, going as low as $11,102 before jumping as high as…

Barstool Sports Founder David Portnoy Now Wants to “Save” Bitcoin and Crypto

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High-flying social influencer and one-time crypto trader David Portnoy said he would “save” the crypto market in a tweet this week – but only if asked “nicely.” Saving Bitcoin The founder of sports blog Barstool Sports, Portnoy entered the crypto market in high spirits earlier this month aiming to turn a hit profit in the space – as he supposedly has in the equities market. But his exit was as immediate as his entry. Portnoy lost thousands of dollars after LINK – one of his coin entries – dropped in…

Ethereum Potentially Trades Inside Livermore Accumulation Cylinder Pattern, New ATH Imminent

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Ethereum has spent more than two years in being accumulated by smart money at low prices ahead of substantial markup. It has caused the asset to outperform most of the crypto market, including Bitcoin. However, a new accumulation pattern that Ethereum could be trading within, may suggest that there is one major retest of former resistance turned support before the next major bullish impulse upward. ETHUSD ROI Reaches 200% YTD, Up Nearly 400% From Black Thursday Bottom Ethereum is up just under 200% in year-to-date 2020 returns. The top-ranked altcoin…

Black Ops Cold War Has Me Excited for a Call of Duty Game

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Call of Duty: Black Ops Cold War will feature COD’s most involved campaign yet. Side missions, player choice, and customization are just a few highlights. 3D Audio and 4K resolution are a big plus, as well. Despite the ridiculous name, Call of Duty: Black Ops Cold War is bringing exciting changes with its single-player campaign. Developers Treyarch and Raven Software revealed some campaign details today, prepping us for the most involved COD experience to date. Customize Your COD Experience For one, this latest Call of Duty has players creating a…

Dana White’s Foul-Mouthed Trump Defense Is Sadly On-Brand for UFC

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Dana White is speaking at the Republican National Convention tomorrow. The UFC president has made clear he doesn’t care whether people support this decision or not. No matter how uncouth his foul-mouthed statements are, you have to admit that he’s right on brand. Dana White doesn’t give a “s**t” if you like Donald Trump or not. The UFC president will be speaking at the Republican National Convention on Thursday to stump for his old buddy. As the interview below demonstrates, he’s nothing if not unwaveringly on-brand. Dana White Doesn’t Care…

Price analysis 8/26: BTC, ETH, XRP, LINK, BCH, LTC, BSV, CRO, BNB, ADA

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Bitcoin and altcoins are likely to remain range-bound in the short-term as the bulls and the bears attempt to assert their dominance. On Thursday, U.S. Federal Reserve chairman Jerome Powell is expected to deliver an important speech that will highlight a new strategy of targeting “average inflation.” This means that the Fed might allow inflation to overshoot the 2% target temporarily if it has spent a long time below that level. If the Fed adopts this new strategy, it could keep interest rates near zero for five years or more,…

Dow Trails S&P 500, Nasdaq Ahead of Historic Shake-Up

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The Dow Jones posted modest gains Wednesday. Surging technology and communication stocks propelled the S&P 500 and Nasdaq to new all-time highs. The Dow is getting a major shake-up next week, with Salesforce.com, Amgen, and Honeywell replacing ExxonMobil, Pfizer, and Raytheon Technologies, respectively. The Dow Jones Industrial Average rose on Wednesday but continued to underperform its wider-market peers after the index announced significant changes to its constituents. Dow, S&P 500, Nasdaq Rally All of Wall Street’s major indexes reported gains Wednesday, though the Dow continued to underperform its peers. The…

Shaun King Is Back in the Headlines

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Shaun King is back in the headlines – again. Unsurprisingly, he’s trending for all the wrong reasons – again. When are we going to stop giving him the attention he’s so thirsty for? When Shaun King is trending, never try to find out why, because it’s almost never thanks to anything good. This time is no different. The so-called “activist” is trending because he promised to “dox” law enforcement officers in the Kenosha, WI police department if the names of Jacob Blake’s shooters weren’t released. What, exactly, did Shaun King think…

Bybit Doubles Down on Asian Market with JPY and KRW Fiat Support

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Bybit’s evolution into a global powerhouse that ships new products at a dizzying rate has been a gradual one, but it’s picking up pace. Bybit has reiterated its commitment to the Asian crypto market with the largest expansion of its fiat gateway to date. 20 new currencies have been added to Bybit Fiat Gateway including the South Korean won and Japanese yen, as well as Vietnamese language support, making it easier for Asian traders to interact with the derivatives exchange. Meanwhile, Bybit’s World Series of Trading (WSOT) continues to capture…

The frontrunner in ByBit’s trading competition is up 4000% so far

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A trader has managed to secure over 4,000% profit in less than three weeks as part of the World Series of Trading, or WSOT — a competition hosted by leverage crypto trading exchange, Bybit. Using his Twitter name for the competition, SalsaTekila appears on the WSOT troop leaderboard, advancing his team forward with 4,495.95% profit. The trader started the competition trading with just 0.19 Bitcoin (BTC), but has managed to turn that into about 8.76 BTC over the course of the competition. The trader jumped on Tone Vays’ YouTube channel on Aug.…