Cardano smashes $2 resistance as bullish signals enter for Bitcoin price

Cardano’s ADA token neared $2.40 on May 15 as a select few altcoins bucked the bearish mood to steal the spotlight from a weak Bitcoin (BTC). ADA/USD 1-hour candle chart (Binance). Source: Tradingview ADA in price discovery as $2.50 nears Data from Cointelegraph Markets Pro and TradingView showed ADA/USD climbing through the weekend to hit a record $2.38. Traders had suspected that the long-awaited $2 would come into play in the short term, with Cardano bulls taking down resistance in one fell swoop overnight on Friday. With $2 out of the…

‘Bullish’ Cryptocurrency Exchange to Launch With Backing of Billionaire Investors, Investment Bank Nomura – Featured Bitcoin News

A new cryptocurrency exchange called “Bullish” will be launched this year by Bullish Global, a subsidiary of Block.one. It is backed by a number of prominent investors, including Peter Thiel, Alan Howard, Louis Bacon, Richard Li, Mike Novogratz, Christian Angermayer, and investment bank Nomura. Bullish Global Launching Bullish Exchange Block.one, the software company behind the EOSIO open-source software, announced Tuesday the launch of a newly formed subsidiary, Bullish Global, which is capitalized with over $10 billion in cash and digital assets. Bullish Global operates as an independent entity and is…

Bullish sentiment begins to fade after Ethereum all-time high at $4,200

The last couple of weeks have been nothing short of astonishing for Ether (ETH), as the cryptocurrency hiked over 80% to reach a $4,200 all-time high. Even after a 7% correction, the gains accumulated in 2021 surpass 300%, and Ether currently holds a market capitalization that exceeds $450 billion. In the face of such a mind-blowing performance, neither the futures contracts premium nor the options fear and greed indicator signal extreme optimism in the market. This data will likely lead some analysts to question whether traders are losing confidence in…

Yearn Finance Launches Vault, YFI Retakes Bullish Momemtum

Popular DeFi protocol Yearn Finance has launched a new product, a yield generator called yvBOOST. Part of its suite of vaults, this product will complement the “Backscratcher” vault and will allow users to earn and boost rewards in the Curve-based token 3CRV. “Backscratcher” offers rewards in Curve’s, an Ethereum exchange liquidity pool, native token CRV. The vault simplifies the process of obtaining Curve’s additional rewards by locking a portion of the CRV for the users. That way, all vault participants can benefit from the option of boosting their APY if…

Bullish ETH/BTC pair revives the Ethereum ‘flippening’ discussion

Bitcoin and the overall cryptocurrency market saw minor losses on April 29 as the market heads into the expiry of $4.2 billion worth of (BTC) options contracts.  Data from Cointelegraph Markets and TradingView shows that since reaching a high above $56,400 on April 28, the price of Bitcoin has dropped more than 6% back down near the $53,000 support level while Ethereum (ETH) continues to trade above $2,700. BTC/USDT 4-hour chart. Source: TradingView Despite the lull in market activity, signs of mainstream cryptocurrency integration continue to emerge on a near-daily basis. Earlier…

Key Bitcoin price metric flashes its first bullish signal in 4 months

Bitcoin (BTC) has been struggling to sustain above the $53,000 support for the past three days, while Ether (ETH) soared to a new all-time high at $2,800. In the current scenario, some traders would rather wait for Friday’s CME futures expiry before entering long BTC positions, as historically, its price tends to correct ahead of the event. Ether and Bitcoin prices at Coinbase, USD. Source: TradingView On the other hand, Ether’s price has been positively impacted by the European Investment Bank launching a “digital bond” sale using the Ethereum network.…

PancakeSwap Approves Burn For CAKE Why It Could Be Bullish

Centralized and decentralized exchanges are stepping up their game, with the upcoming launch of Uniswap v3, competition in the sector is bound to be fierce. PancakeSwap’s second iteration is also around the corner. CAKE holders will be able to profit. In a recent vote, PancakeSwap’s community decided to approve a feature called the “Big Burn”. Therefore, after April 23rd “Great Migration” the exchange will buy back and burn more CAKE “than ever before”. Every trade in PancakeSwap v2 will “contribute” to this mechanism. The exchange’s daily trading volume sits at…

NYSE president is bullish on Coinbase listing and DeFi

Thomas Farley, president of the New York Stock Exchange, said the world of finance was “past the point of no return” on crypto following Coinbase’s public listing last week. In an interview with CNBC’s Squawk Box on Thursday, Farley said he was excited to talk about developments in the crypto space such as Coinbase’s COIN listing on stock exchanges and decentralized finance, or DeFi. The New York Stock Exchange president said he had invested $10 million in the crypto exchange on behalf of the NYSE back in 2013. “I think…

Cryptocurrency Market Overview (EN) | 06.01.2021 by @cryptospa

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Hello, dear YouTubers! In this video, I analyzed in detail the price chart of Litecoin (LTC/USD), by using Technical & Candlestick analysis in different time frames. In addition, I outlined some interesting candlestick formations and chart patterns. Enjoy watching the very long video and, please, comment! — *A few words about me: Just to let you know: I’ve been working professionally as a currency analyst for the last 14 years, and as a cryptocurrency analyst for the last 3 years. — **Important!…

Cryptocurrency Market Overview (EN) | 04.01.2021 by @cryptospa

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Hello, dear YouTubers! In this video, I analyzed in detail the price chart of Bitcoin (BTC/USD), by using Technical & Candlestick analysis in different time frames. In addition, I outlined some interesting candlestick formations and chart patterns. Enjoy watching the very long video and, please, comment! — *A few words about me: Just to let you know: I’ve been working professionally as a currency analyst for the last 14 years, and as a cryptocurrency analyst for the last 3 years. — **Important!…