Day: August 26, 2020

Bitcoin Is in “Do or Die” Territory After $500 Correction: Here’s Why

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Bitcoin has embarked on a strong correction over the past 24 hours. After peaking at $11,850 earlier this week, the asset slipped as low as $11,150 on Tuesday as selling mounted on spot exchanges, evidenced by a negative predicted funding rate with OKEx’ BTC perpetual futures market. While the asset has bounced back to $11,300 as of this article’s writing, the asset remains $500 lower than it was just the other day and below pivotal technical support levels. Analysts say that Bitcoin is now in do or die territory, where…

Dave Portnoy offers to ‘save’ Bitcoin and Chainlink

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After exiting the crypto space at a loss last week following his high profile entry, Barstool Sports founder Dave Portnoy is hinting he’s not completely finished with Bitcoin yet. In an Aug. 25 tweet to his 1.7 million followers, the day trading king said he would “save” Bitcoin and cryptocurrency — but only if asked nicely. “It looks like I didn’t buy and sell the top in Bitcoin after all since it’s all significantly lower than when I got involved,” said Portnoy. “Should I take a few minutes away from…

Lionel Messi Has Finally Admitted Barcelona Have Wasted His Prime

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Lionel Messi has asked to leave Barcelona. Messi knows it’s a waste of time staying at the Camp Nou and waiting for Ronald Koeman to win. Messi needs to be surrounded by better players at a club with a more coherent strategy. Lionel Messi appears to have finally admitted Barcelona has wasted his prime. Messi reportedly told the Camp Nou club he wants to leave on Tuesday, via fax. The timing is perfect for the greatest player of his generation to find a new home. The Guardian’s Sid Lowe reported…

Chainlink is Poised to Plunge Towards $12.50 as Selling Pressure Mounts

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Chainlink, like most other altcoins, is facing some heightened selling pressure today due to the market-wide downturn. This has compounded the weakness that LINK was already facing prior to the declines seen by Bitcoin, Ethereum, and most other major altcoins today. Despite seeing some weakness today that has erased the gains it posted over the past couple of days, it is important to note that Chainlink is still trading well-above its recent lows of $12.00 that were set just last week. Analysts are noting, however, that a visit towards these…