Day: December 13, 2020

Weekend Fakeout? Analysts Wary of Latest Bitcoin Rally as Price Passes $19k

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Bitcoin has seen a strong push higher today that allowed its price to break above the key $19,000 level that has been so pivotal for its price action This rally came about after a period of weakness that caused the crypto to plunge as low as $17,600 The selling pressure seen around its current price is quite intense, as $19,400 has long been a strong resistance level for the cryptocurrency Whether or not it can break above this level should provide some serious insights into its near-term price action A…

BTC, ETH, XMR, XEM, AAVE

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December is proving to be another blockbuster month for Bitcoin as the flow of institutional investors injecting funds into Bitcoin continues to increase. Business intelligence firm MicroStrategy announced that it had raised $650 million worth of convertible bonds at a rate of 0.75% due in 2025. The company now plans to invest the net proceeds in Bitcoin after identifying its “working capital needs and other general corporate purposes.”  When institutional investors show such a large appetite to buy Bitcoin (BTC) near the all-time high, it is no surprise that the…

#Bitcoin Bounces Back | Crypto Market Analysis | Monday 30th November (2020)

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io With the weekly candles closed, it’s time to have a look at the week and what has been a recovery from the lows. Is the top-10 out of the bears hands and back in the bulls and do we have some options for trading within it today? When Bitcoin changes direction HODLers get nervous but TRADERS get excited! 🙌 Direction doesn’t matter (although we do like it moving higher!), volatility is what we like to see 😃 Volatility presents us with opportunities…

Jim Cramer bought Bitcoin while ‘off nicely from the top’ in $17,000s

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Three months after seemingly changing course on crypto, the outspoken host of CNBC’s Mad Money is claiming he made a well-timed Bitcoin investment on Friday. In an interview with TheStreet, Jim Cramer says he purchased Bitcoin (BTC) Friday morning when the price dipped under $18,000. The Mad Money host added he was treating the crypto asset as any other investment in a diverse portfolio. “I will buy — like I usually do — as something comes down,” said Cramer. “I’ll get bigger and bigger and bigger. I just think that…

BITCOIN PRICE PATHS!! WHAT TO LOOK FOR! Crypto BTC TA price prediction, analysis news trading charts

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io WHAT IS GOING ON WITH BITCOIN!?!? MASSIVE BULL RUN TO CONTINUE or COME TO A BIG UGLY END?? Let me know your thoughts below, BULLISH OR BEARISH LONG OR SHORT TERM?? Thanks for all the support!! Don’t forget to SUBSCRIBE, LIKE and COMMENT BELOW!!! 👉 My Wife’s CRYPTO MERCH page: 👈 👇AFFILIATE LINKS👇 🔥 PRIME XBT exchange 🔥 (Recieve a 50% bonus added to your deposit by using promo code Savy50 and use promo Savy25 for 25% off of trading fees for…

After Microstrategy downgrade, analysts recommend smallcap crypto-centric bank

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Following a Citi report downgrading business intelligence firm Microstrategy’s stock to a “sell” rating, analysts for popular trading website the Motley Fool have recommended a lesser-known bank stock that also has an emphasis on cryptocurrencies.  Last Tuesday, Citi analyst Tyler Radke downgraded Microstrategy (NASDAQ:MSTR) shortly after the firm announced a debt purchase that would bring its Bitcoin holdings up to a nearly $1 billion mark. The report chided the company, which at points has seen share prices more than triple from $92 yearly lows, for its “disproportionate” focus on bolstering…

sha-256.io reviews || How to deposit || cloud mining platform || Bitcoin

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5 key metrics signal Ethereum price is ready to make a new all-time high

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Ether (ETH) price might have had a disappointing week after its price failed to hold the $600 level, but the fundamentals of the network and cryptocurrency remain solid. Traders are known for having short memories so it’s worth mentioning that Ether price is still 45% higher than it was in the previous month. To understand whether the recent correction reflects a temporary consolidation or an effective ceiling caused by the lack of adoption, it’s helpful to gauge the metrics which reflect network usage on the Ethereum network. A good place…

Cosmos and Blockstack hackathons offer glimpse into DeFi’s future

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On Friday, blockchain projects Cosmos and Blockstack both announced winners of their respective HackAtom V and HackDeFi hackathons, each offering a glimpse into the coming wave of DeFi development — a vision including marked advances in tooling, interoperability, and composability.  While the overwhelming majority of decentralized finance (DeFi) development remains concentrated on Ethereum, where over $16 billion in digital assets are currently locked by various DeFi Protocols, Cosmos and STX are currently the #25 and #59 ranked projects by marketcap and look to be fast risers eager to take a…