Day: September 30, 2020

Spike in new participants buying Bitcoin is ‘obviously bullish’ — Analyst

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The price of Bitcoin (BTC) has remained relatively flat for September and the strong decline in altcoin and DeFi token prices seems to be making the situation worse for many investors.  Despite this lack of bullish momentum, on-chain data reveals that new participants are joining the Bitcoin network at an alarming rate.   Although the price has failed to react to the sharp inflow of new participants, on-chain analyst Willy Woo believes that this is a strongly bullish sign. Sept. 30 Woo tweeted: “We’re seeing a spike in activity by new…

Pokemon Go Is Putting Gamers at Risk by Rolling Back Changes Too Soon

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Niantic made some changed to Pokemon Go that made the game playable during the lockdown. Niantic is rolling back some of these changes already. Not only is this rollback ill-timed, but it’s irresponsible. Niantic did an excellent job of making Pokemon Go playable during the lockdown. They have made numerous changes to convert an all outdoor game into a home-based affair. These changes caused the game to thrive during the pandemic. Despite the pandemic starting to hit its second wave, Niantic is already rolling back their changes. Fans that find…

Analysts Believe Chainlink is Poised to Rally by 50%+ as It Shows Signs of Bottoming

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Chainlink has struggled to maintain its foothold above $10.00, which was lost when the token faced a massive influx of selling pressure that drove its price lower overnight. Bulls have since re-surmounted this level and are ardently attempting to establish it as support. An ability to do this could help create a strong base of support that leads LINK’s price higher in the days and weeks ahead. Where it trends in the near-term may depend largely on Bitcoin and the rest of the crypto market, which have been consolidating throughout…

Market Wrap: Bitcoin Retests $10.8K; Total Value Locked in DeFi Hits $11B

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Bitcoin’s price tested $10,800 to close out September while despite some market deflation, investors continue pushing crypto into DeFi. Bitcoin (BTC) trading around $10,701 as of 20:00 UTC (4 p.m. ET). Slipping 0.27% over the previous 24 hours. Bitcoin’s 24-hour range: $10,657-$10,859 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since September 28. Source: TradingView Bitcoin’s price dipped down to as low as $10,657 Wednesday, bouncing into the $10,800 range and settling to $10,701 as of press time.  Read More:…

Defi Summer; Bitcoin Fall. Bitcoin Resumes Its Narrative Dominance.

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The attention may have been with DeFi when it was warm, but as the cold winds of COVID-19 return fears and election volatility blow, bitcoin is resuming narrative dominance. Our main discussion is a narrative shift from DeFi back to bitcoin. Over the summer, DeFi led the crypto charge. From growth in total value locked to narrative dominance to even leadership in the all important category of crypto drama, DeFi was it.  Now, as a potentially turbulent macro environment rears its head, the narrative is shifting back to a focus…

This Chart Suggests Chainlink’s Parabolic Rise Isn’t Finished

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Chainlink volatility is increasing after the asset fell from its all-time high of $20. A 60% collapse sent the cryptocurrency plummeting, only to see a record-breaking bounce that beat any intraday throughout the rest of the altcoin’s amazing 2020 so far. And although there was a 60% crash, LINKBTC weekly price charts suggest that the asset’s parabolic advance is still intact, potentially pointing to more new 2020 highs ahead. But if the cryptocurrency can’t maintain its upside momentum, the fall down could be substantial. Chainlink’s Parabola Hasn’t Broken On Bitcoin…

Dow Drops Sharply From Highs as McConnell Smashes Stimulus Hopes

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The Dow Jones rose 360 points Wednesday, giving up a massive chunk of its intraday gains. Hopes of more fiscal stimulus and positive economic data lifted the mood on Wall Street. Senator Mitch McConnell knocked 150 points off the Dow as he stressed no stimulus deal was close. The Dow Jones rallied strongly mid-week after the White House did its best to keep hopes of more coronavirus stimulus alive. Upbeat economic data also helped to reverse early losses after a predictably turbulent presidential debate. Dow Falls From Peaks After McConnell…

Bitcoin.com Exchange to List Aspire and Aspire Gas as Newest Digital Asset Creation Platform Comes to Market 

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Aspire (ASP) is the first digital asset creation platform to resist both mining exploits and 51 percent attacks common to proof-of-work blockchains. Its fees are a tiny fraction of creating assets on Ethereum or other platforms due to its innovative Aspire Gas (GASP) blockchain Both tokens will be introduced with BTC and USDT trading pairs, with more pairs to follow in the short-term. Bitcoin.com Exchange is thrilled to announce the upcoming listing of two new digital assets: Aspire (ASP) and Aspire Gas (GASP) on the 30th of September 2020 at…

Price analysis 9/30: BTC, ETH, XRP, BCH, BNB, DOT, LINK, BSV, CRO, ADA

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Bitcoin and a few altcoins continue to push against resistance at higher levels, suggesting that the uptrend may resume soon. According to data from CryptoQuant, the total amount of Bitcoin (BTC) held in exchange reserves dropped from 2.8 million BTC in October 2019 to 2.4 million. Analysts believe that this steady decline in reserves means retail traders and whales may be accumulating Bitcoin as they expect prices to rise in the future. Even though Bitcoin is still far below its lifetime highs, if it manages to close Q3 2020 above…