Day: October 2, 2020

Bitcoin Is Holding a Support That Stretches Back to 2018’s Lows

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Bitcoin has seen weak price action since reaching the highs of $12,500 in late August. At the start of the month, the leading cryptocurrency slipped from the year-to-date highs to a low of $9,800 as it corrected in tandem with legacy markets. Fortunately for bulls, analysis by a number of traders has indicated that BTC is currently trading above pivotal support levels. This adds to the bullish on-chain and fundamental case laid out by a number of researchers in the space. Related Reading: MicroStrategy’s Stock Continues to Soar After Bitcoin Purchase…

Why reduced Bitcoin futures volume may signal the start of a new bull trend

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Bitcoin (BTC) futures volume and open interest are declining rapidly. Data shows that since the September peak, BTC futures volume has dropped by 60% from over $25 billion to around $10 billion. Bitcoin futures volume by exchange (September). Source: Digital Assets Data While the decline in trading activity could ostensibly seem like a negative metric, it could also indicate that a bull cycle is emerging.  Why declining futures market activity could boost Bitcoin price The Bitcoin futures market represents most of the overleveraged trades in the Bitcoin market and popular…

Sorry, Louis Tomlinson Fans – His Solo Debut Is Still a Flop

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Louis Tomlinson is seeing a resurgence in interest after his single “Walls” topped iTunes. The singer’s debut album was a massive letdown commercially, and this social media surge can’t make up for that. Louis Tomlinson is mainly in the news because of his relationship with other One Direction members. Louis Tomlinson has been trending on social media due to the single “Walls” climbing the iTunes charts. However, the real measure of success in the music business is where an album ranks in the US Billboard 200 and OCC UK Albums…

Black Ops Cold War Zombies Looks Like a Glorious Return to Form

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Black Ops Cold War Zombies was finally revealed by Treyarch yesterday. The 8-minute-long presentation detailed all-new features and some popular returning mechanics. This new Zombies mode will be a true return to form after the end of the last storyline. Black Ops Cold War Zombies looks stunning. Yesterday Treyarch finally revealed the gameplay in an 8-minute-long special presentation, and they didn’t even make us wait three months for it. Not only are we getting the best Zombies experience yet, but the developers listened to us and added loud outs and…

BitMEX’s Receding Market Share Might Have Spared Bitcoiners Bigger Sell-Off

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Four years ago, when the Seychelles-based cryptocurrency exchange BitMEX announced a new product called the “perpetual bitcoin leveraged swap,” few traders in nascent digital-asset markets could have anticipated what a major impact the obscure roll-out would have on the industry. But the instrument, which made it easy for customers to trade the equivalent of $100 of bitcoin for every $1 down, proved hugely popular and successful among risk-hungry traders, vaulting BitMEX into the top ranks of the world’s biggest cryptocurrency exchanges.  Now, digital-asset analysts and investors are scrambling to assess…

Uniswap’s UNI Could Rally to $4.75 Despite Ongoing Selloff; Here’s Why

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Unsiwap’s governance token UNI has been attempting to form the lower-$4.00 region as a strong base of support throughout the past few days and weeks, with buyers and sellers largely reaching an impasse as it hovers just above this level. The cryptocurrency has taken a hit due to the recent Bitcoin selloff, which came about because of news regarding the CFTC’s decision to place an assortment of charges on BitMEX. Despite BitMEX not serving U.S. customers and being located internationally, the news still spooked investors, and sent shockwaves throughout the…