Demand has pushed Bitcoin prices above the critical $10,000 level. If these price levels turn into support, then BTC could be on its way to $12,500. Key Takeaways Bitcoin experienced a bullish impulse that pushed its price above the $10,000 barrier. Multiple bearish indicators show that turning the $10,000 price level into support won’t be easy. A further increase in …
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The OMG Network scored a partnership that will prove its utility to deliver faster and cheaper transactions than Ethereum. Key Takeaways The OMG Network has seen its token price double over the past few months as the utility of its network expands. Now, Bitfinex announced that it has integrated Tether into this protocol to deliver faster and cheaper transactions. Following …
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Speculation around Ethereum and Cardano will surge as major network upgrades near completion. Key Takeaways Ethereum is trending up, but demand may rise further in anticipation of ETH 2.0. Cardano is up 50% in the past week after its founder revealed that the Shelley upgrade should come out next month. While some investors begin to FOMO, ETH and ADA could …
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As the Bitcoin markets mature, there are now more sophisticated tools that traders need to recognize incoming trends. Key Takeaways Derivatives have seen an insurgence in liquidity over the last year, giving the instruments an important role in analyzing BTC and ETH price action. Spot markets are still the dominant force, and most trend reversals are preceded by a change …
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THETA’s price exploded after launching an upgraded version of its mainnet and bringing Google Cloud on board. Key Takeaways Theta Network skyrocketed over 390% in the past month. The token has, however, seen its price drop by 50% in the last 48 hours. THETA’s high levels of volatility presents arbitrage opportunities across different cryptocurrency exchanges. Share this article Volatility is …
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Bitcoin is on the cusp of a major price movement as investors grow optimistic about its ability to serve as a hedge against economic uncertainty. Key Takeaways The number of long-term Bitcoin holders is growing at an exponential rate. With less sellers in the market, the flagship cryptocurrency could be poised for further advance. However, there is a major resistance …
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Like any other cryptocurrency that gets listed on Coinbase, Maker is rising sharply following the recent announcement. Key Takeaways Maker went up over 45% in less than an hour after Coinbase Pro revealed it will add support for it on June 8. If MKR continues to benefit from the “Coinbase Effect,” it could be poised for further gains. However, there …
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The Shelley upgrade for Cardano is set to roll out throughout the the next month sending investors into FOMO. Key Takeaways The head of IOHK revealed the official road map of the upcoming Shelley hard fork. Following the announcement, ADA’s price shoot up and could be aiming for mid-February’s high of $0.072. On-chain metrics reveal there is not any significant …
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Bitcoin continues to consolidate as momentum builds before a period of high volatility. Key Takeaways Bitcoin is contained within a narrow trading range between $8,500 and $10,000. A spike in volume may allow the pioneer cryptocurrency to breakout of this no-trade zone. While many factors indicate that BTC is on the cusp of a full-blown bull market, on-chain metrics suggest …
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The top three altcoins in the cryptocurrency market appear to have entered a period of low volatility signaling that a major price movement could be underway. Key Takeaways Ethereum continues consolidating between $210 and $198 without clear signs of where it is headed next. XRP is also sitting in a no-trade zone defined by the $0.19 support and the $0.20 …
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