Day: January 20, 2021

Fractal Suggests Ethereum May Face Further Chop Before Seeing Parabolic Rally

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Ethereum has posted some mixed price action throughout the past few days, testing its all-time highs earlier this week before facing a swift selloff overnight The timing of the BTC selloff that placed pressure on ETH was unfortunate, as it has led ETH to mark its highs as a local top This means that the mid-$1,400 level may remain intense resistance for the cryptocurrency in the short-term While sharing his thoughts on this price action, one analyst explained that ETH is now following in Bitcoin’s footsteps He notes that BTC…

Janet Yellen Reveals Plans for Bitcoin — Sees Cryptocurrencies Used Mainly for Illicit Financing – Regulation Bitcoin News

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Janet Yellen, Joe Biden’s pick for the Treasury Secretary, has revealed her policy for cryptocurrencies, including bitcoin. She claims that cryptocurrencies are mainly used for illicit financing and their use needs to be curtailed. Janet Yellen Reveals Her Plans for Cryptocurrencies In the Senate hearing to consider Janet Yellen’s nomination as Secretary of the Treasury on Tuesday, Yellen was asked about cryptocurrencies. She is Joe Biden’s pick to lead the Treasury Department under his administration. The crypto question was asked by Senator Maggie Hassan (D-NH), who talked about “the importance…

Star Citizen 3.12.0 | New Mining & Refining Gameplay – Nomad Giveaway

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Star Citizen 3.12.0 has had it’s mining and refining gameplay loop dialed up a notch… It’s the most “refined” part of the game so let’s take a look at a full gameplay loop of these mechanics… it is still PTU so there are bugs to be solved too. We have a Nomad Giveaway too, just comment to be involved with that. NORDVPN | BECOME A BOREDGAMER VIP | SHADOW CLOUD PCs | GET STAR CITIZEN & 5000UEC BONUS | ASETEK | COOLNATION…

Janet Yellen: #Bitcoin’s Biggest Enemy or Greatest Asset?

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As a new administration is sworn in, how will one if its most important officials – nominated Treasury Secretary Janet Yellen – impact the digital assets space? This episode is sponsored by Nexo.io. Today on the Brief: Jack Ma is not dead The latest in crypto M&A Deutsche Bank survey sites bitcoin as biggest bubble Our main discussion: Yellen’s impact on bitcoin and digital assets In this episode, NLW breaks down the cryptocurrency FUD competing to be the “wall of worry” for the new 2021 bull market, including Tether FUD,…

Technicals Point To Extended Ethereum Dominance Over Bitcoin

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Although institutional interest has undeniably been focused on Bitcoin, Ethereum’s lower cost of entry and unstoppable momentum, have allowed the altcoin to outperform the top crypto asset by market cap recently. A near flawless technical pattern yet to break out coinciding with a trend strength measuring tool approaching pivotal levels, suggests Ethereum’s dominance over BTC not only will continue for the time being, but the intensity will soon increase substantially. Ethereum Breaks All-Time High, Restores Hype In Altcoins Ethereum this week finally surpassed its former all-time high of $1,400 set…

Price analysis 1/20: BTC, ETH, DOT, XRP, ADA, LTC, BCH, LINK, XLM, BNB

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Bitcoin price continues to drop, pushing select altcoins closer to their critical support levels. When an asset is in an overbought condition and traders are sitting on large profits, even minor negative news and events could trigger profit-booking. This seems to have happened following Janet Yellen’s adverse comments on cryptocurrencies during a virtual hearing with the U.S. Senate Finance Committee. In the same meeting, Yellen also told Congress to “act big” in order to support the U.S. economy. Another round of stimulus would probably further weaken the U.S. dollar and drive…

BlackRock’s new SEC filings list Bitcoin derivatives as possible investment

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BlackRock, the world’s largest asset manager, could be preparing its entry into the Bitcoin (BTC) derivatives market, according to a pair of filings with the United States Securities and Exchange Commission, or SEC.  The two prospectus filings — BlackRock Funds V and BlackRock Global Allcoation Fund, Inc. — appeared on the SEC website on Wednesday. Both filings mention the possibility of using Bitcoin derivatives and other assets as part of its investment scheme. However, neither filing makes a definitive statement about the use of Bitcoin futures now or in the…

Bitcoin Sells Off on Bearish Sentiment, Yellen Worries

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Bitcoin’s price slumped by around 5.6% in the past 24 hours thanks to some Asian traders taking a short-term bearish view and concerns the new Biden administration in the U.S. will seek to put a damper on cryptocurrency use. Profit-taking occurred in the spot market during Asian market hours after bitcoin failed to consolidate around the record high of $40,000 in the past week. In the derivatives markets, short positions grew, led by institutions and large bitcoin holders known as whales.  Data from Skew shows bitcoin’s perpetual swaps funding on…

The Relationship Between US Government Debt and Bitcoin, Explained

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The kind of inflation outbreak that might prove bitcoin’s power as a hedge asset isn’t coming in the near term, according to some economists.  “Right now, low interest rates tell us there’s no evidence that we’re borrowing too much money,” Stanford economist Erik Brynjolfsson said. “Separately, but related, inflation is also very low. The Fed has set a target of about 2% for inflation, and it’s consistently been missing that target on the low side. We don’t see any evidence that inflation is taking off.”  In fact, future economic growth…

Daily Crypto Technical Analysis: $18,000 DUMP Is Real On BTC?! // Bitcoin Price Prediction

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