Day: January 12, 2021

Trader comforts the market’s traumatized first timers amid falling prices

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Known for its volatility, Bitcoin (BTC) recently fell more than $11,000 over a four-day period after weeks of soaring price action. Amid a fresh bull cycle, Bitcoin has likely picked up its fair share of new buyers — some of whom may not be familiar with the asset’s wild price swings, according to comments from Cheds, a crypto trader and analyst on Twitter. Cheds holds a level I CMT certification — a benchmark showing technical analysis knowledge.  “Given the recent surge in popularity of Bitcoin, we have many new investors…

3 Bitcoin price indicators prove pro traders are still bullish on BTC

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This week’s $11,000 drop occurred in just 32 hours and this definitely an important milestone for Bitcoin (BTC) price.  Many mainstream media outlets perceived the correction as the start of a new bear market but data simply does not support this line of thinking. Bitcoin price may have corrected 26.5% as if dropped to retest the $30,300 support but it has since shown significant strength amidst a record-high $160 billion in derivatives volume. BTC futures daily volume, in USD. Source: coinalyze.net Spot exchanges also outpaced their previous record high that…

Ethereum 580$!🎯 Ola ki 2.0 Yetişirse!😱| Kripto Zoom 23 Kasım 2020 | Günlük Teknik Analiz

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Ethereum 2.0 geliyor! Çift dip formasyonundaki hedefine ulaşan #Ethereum, 580 Doları gördü. Peki, 2.0 güncellemesi zamanında tamamlanırsa durum ne olacak? Icrypex Araştırma Müdürü Beste Naz Süllü, Kripto Zoom 23 Kasım tarihli yayınında önemli gelişmelere değindi. #Bitcoin de önemli noktaları test etmeye devam ederken kar realizasyonları gelebilir mi? 20,000 Dolar seviyesine oldukça yaklaşırken önemli dirençler neler? Haftalık grafikte son durum ne? 00:00 Piyasalara Genel Bakış 01:55 Kripto Para Piyasalarında Son Durum 02:53 Ethereum 2.0 Gelecek mi? Beklentiler ne Durumda? 04:25 Bitcoin HODL Edenlerde…

Ethereum is Struggling to Hold This Crucial Level Following Recent Rebound

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Ethereum has been closely tracking Bitcoin’s price action throughout the past few days, which has caused it to bear witness to immense volatility The cryptocurrency’s price rocketed up to highs of $1,400 last week before facing intense inflows of selling pressure that sent it to $900 It has since recovered from this decline, and it now in the process of trying to flip $1,100 into a support level This has become a key level for the cryptocurrency, and it is now in the process of trying to rally above this…

Asian Startup Offering Machine-Backed Loans to Bitcoin Miners 

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Babel Finance is now making life easier for bitcoin (BTC) miners and other crypto market participants. The Hong Kong-based firm is now accepting mining machines from bitcoin miners as collateral for USD loans, according to reports on January 12, 2021. Machines for USD Loans  Babel Finance, a Hong Kong-based cryptocurrency financial services provider that claims to be focused on building a sustainable financial infrastructure for the cryptospace and make it easier for the average joe to access crypto-based financial product, has rolled out a fresh service designed to make life…

BUY Yearn.finance(YFI) on COINBASE

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io BUY Yearn.finance(YFI) on COINBASE is a free lecture from the Cryptocurrency Investment Strategy Without Losses course. You can enroll in the course on our website: Hello, investors, it’s Petko Aleksandrov, and I continue now from my Coinbase account, and I will show you the recent transactions that I have from my account. So I have sold the Ripple. I will tell you in a second why I did. And then I have bought the DNT, and as well, I have Bought Yearn.Finance…

Market Wrap: Bitcoin Hovers Around $34.2K While Options Traders Pay Up for Possible ETH Upside

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After a record day in spot volume, bitcoin’s price went up, down and back up. Meanwhile, most ether options traders are bearish, some are paying up in case it gets close to record highs. Bitcoin (BTC) trading around $34,278 as of 21:00 UTC (4 p.m. ET). Gaining 3% over the previous 24 hours. Bitcoin’s 24-hour range: $32,528-$36,605 (CoinDesk 20) BTC below the 10-hour and 50-hour moving averages on the hourly chart, a bearish signal for market technicians. Bitcoin trading on Bitstamp since Jan. 9.Source: TradingView Bitcoin’s price had an up-and-down…

Visa abandons $5.3B Plaid acquisition in the face of DoJ antitrust suit

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The United States Department of Justice saw a victory in a major fintech acquisition case that could set the stage for a host of antitrust enforcements. On Tuesday, the DoJ announced that Visa and Plaid had called it quits on their planned merger. Originally announced almost exactly a year ago, Visa was planning to pay $5.3 billion for the upstart tech firm. Plaid’s ubiquitous software is designed to connect disparate systems of financial data securely. In its November 2020 complaint, the DoJ alleged that Visa was using the acquisition to…

Mark Cuban is more into crypto than he’s previously let on

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The billionaire who once said he prefers bananas to Bitcoin is now tossing around crypto terms on social media like an experienced HODLer. In Twitter threads that were likely precipitated by his recent comments comparing crypto to the Internet stock bubble of the late 1990s, Mark Cuban interacted with several high profile crypto figures including Gemini co-founder Tyler Winklevoss, Gokhshtein Media founder David Gokhshtein, Tron CEO Justin Sun, and others. The Dallas Mavericks owner discussed the issues surrounding supply and demand, the costs of moving crypto, and decentralized finance, or…

Bitcoin News: $500k Bitcoin Or BUST (Best Case for Crypto)

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io I have been very adamant that my Bitcoin prediction for 2021 is $225k. I have not amended that prediction in about a year. But I’m feeling pressure to make a higher prediction because my prediction was based on a semi-bullish Bitcoin. But we have some new Bitcoin news today, that is pushing me hard to raise my prediction since it seems like every possible scenario for Bitcoin is breaking the bull-o-meter. Find out why I believe this news is the best case…