Day: February 5, 2021

Ethereum Holding Gains Above $1,600, Why ETH Could Surge Again

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Ethereum started a downside correction from a new all-time high at $1,697 against the US Dollar. ETH price is holding gains above $1,600 and it could start a fresh increase. Ethereum started a downside correction below the $1,650 and $1,620 levels. The price is still trading well above $1,600 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $1,655 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to resume higher once it clears the $1,655 and…

Billionaire Bitcoin investor backs away from California governor bid

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Only 10 days after announcing he would run for California state governor, long-time Bitcoin proponent and billionaire investor Chamath Palihapitiya has backed away from the idea in a Feb. 2 episode of The All In Podcast. E20 is here! — @Jason & @chamath reconcile— Robinhood wrap up, lessons learned— Insiders vs. Outsiders— California’s failing report card (& how to fix it)— @chamath tells his @azizansari story : https://t.co/IFp93HhAly: https://t.co/yw533KnP4J — The All-In Podcast (@theallinpod) February 3, 2021 Palihapitiya, who started investing in Bitcoin in 2012, has been a vocal critic…

🔥 $ 🔥 YENİ DOLAR MINING SİTESİ ( 5 DOLAR – INVESTMENT ! )

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The good news for ETH hodlers about insane gas fees

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Ethereum and DeFi proponent Ryan Sean Adams has drawn attention to how high gas fees relative to the current Ether price could actually be a bullish sign.  Citing this week’s Grayscale research paper ‘Valuing Ethereum’ the Bankless commentator claimed that Ethereum is “actually getting cheaper” from a price to sale ratio aspect. Here’s what’s crazy… From a P/S perspective ETH is actually getting *cheaper* pic.twitter.com/xyz9yuVCyZ — Ryan Sean Adams – rsa.eth (@RyanSAdams) February 4, 2021 A price to sales ratio (P/S) is usually calculated by taking a company’s market capitalization…

DeFi tokens lead the market higher as Bitcoin price searches for momentum

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Several DeFi tokens saw their prices breakout on Feb. 4 as Bitcoin (BTC) and Ether (ETH) prices traded sideways for the day. Aside from the general bullish trend permeating the DeFi sector, positive comments from big-name investors touting the benefits of blockchain technology and DeFi appear to be lifting sentiment throughout the sector. Currently, Bitcoin price is still struggling to reclaim the $38,000 level and according to Cointelegraph analyst Marcel Pechman, top traders may have added to their short positions as BTC rallied toward $38,000 on Feb. 3. Daily cryptocurrency…

BITCOIN MASSIVE BREAKOUT POINT!!!! I WILL BUY LOTS OF BTC IF WE DO THIS!!!

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This market trading analysis applies to various exchanges, including Bitmex and Binance. Tackling questions like if Bitcoin can reach all time highs again and if we will be seeing a crypto currency market recovery this year. Things like the lightning network have provided huge improvements for BTC and while it is true that others like Roger Ver with Bitcoin Cash (bcash) may disagree, I do see these blockchain technology innovations to be very bullish fundamental signs for the space. To join VIP,…

Guggenheim Investments Increases Bitcoin Fair Value Estimate — Says BTC Price Could Reach $600K – Markets and Prices Bitcoin News

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Guggenheim Global Chief Investment Officer Scott Minerd has increased his bitcoin fair value estimate. He now says that the price of the cryptocurrency could reach $600K based on his firm’s fundamental research. Guggenheim’s SEC filing to invest half a billion dollars in bitcoin became effective early this week. Guggenheim’s Scott Minerd Says Bitcoin’s Price Could Reach $600K The chief investment officer (CIO) of Guggenheim Partners, Scott Minerd, talked about his new bitcoin price prediction in an interview with CNN Tuesday. Minerd is also the chairman of Guggenheim Investments, the global…

Bitcoin Consolidated above $36K, Why BTC Could Start A Fresh Increase

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Bitcoin price started a downside correction from the $38,000 resistance against the US Dollar. BTC is holding the $36,000 support and it could rise again in the near term. Bitcoin extended its rise and it even cleared the $38,000 resistance (as discussed yesterday). The price is still trading above $36,375 and the 100 hourly simple moving average. There is a major contracting triangle forming with support near $37,350 and $36,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to break the triangle…

Australian pleads guilty to $90 million crypto fund scam in the U.S.

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An Australian citizen has pleaded guilty to cheating investors out of over $90 million by squandering money they invested in his New York-based cryptocurrency funds. Twenty four-year-old Stefan He Qin entered the plea to a single count of a securities fraud charge in a Manhattan federal court on Thursday, Feb. 4. According to the office of the United States Attorney for the Southern District of New York, the fraud occurred from 2017 to 2020 as Qin operated the fund titled Virgil Sigma. In a statement, U.S. Attorney Audrey Strauss said:…

Decentralized Social Media, Blockchain, and MORE

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