Bitcoin Dipped Below $9,000, What’s Next?

Volatility is back in the market and as many speculate whether Satoshi Nakamoto is dumping his holdings, Bitcoin is bound to surprise investors. Key Takeaways Different on-chain metrics forecasted that Bitcoin was about to experience a correction. Now that it has corrected, it seems like BTC is sitting on top of a thin support barrier. However, the unpredictability of the …

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OmiseGo Prices Double, Approaching Overbought Territory

“Oh my god!” is what crypto traders are likely saying after the massive gains that OmiseGo posted over the past week. Key Takeaways The chatter around OmiseGo across social media channels exploded after its impressive 150% run-up that began on May 11. With so much hype around it, there is a chance that OMG could continue surging, but different indicators …

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Unique Events Continue to Block Bitcoin from $10,000

Breaking above $10,000 might not be as certain as the technical set up indicates. Key Takeaways After the recent halving, some of the most prominent analysts in the industry believed that Bitcoin was on the cusp of a major bullish breakout. However, there is a major barrier ahead that puts this bullish outlook in jeopardy. When analyzing the nature of …

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Is Ethereum Becoming a Fee Market?

Miners rejoice as transaction fees on Ethereum hit a high for 2020. But with staking on the horizon, how long can such revenues last? Key Takeaways Transaction fees on Ethereum has become considerably more expensive. DEXes and derivatives exchanges that rely on on-chain settlement for transaction confirmation could see volumes reduced if high fees persist. Sale of Ethereum-based stablecoins may …

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Getting Past $10,000 May Ignite a New Bitcoin Bull Run

Bitcoin surged by more than 9% over the weekend to retest the $10,000 resistace level, but this hurdle continues to hold. Key Takeaways Some of the most prominent analysts in the industry believe that the only thing that is preventing Bitcoin from entering a new bull run is the $10,000 resistance level. On-chain data reveals that there is a substantial …

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BitMEX Trade Engine Crashes One Day After Lawsuit

BitMEX just posted yet more unscheduled maintenance as Bitcoin attempted a run for $9,900. Events like these are slowly chipping away at the platform’s market share. Share this article BitMEX’s infamous unscheduled maintenance is back, and the exchange faces additional obstacles in the form of a lawsuit. With competitors creeping up on the exchange’s market share, it can no longer …

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Bitcoin Halving Readies Ethereum, XRP, and Litecoin for Bullish Breakout

Bitcoin recorded its highest daily sentiment score since 2017. Now, it looks like this bullish sentiment is spilling over into Ethereum, XRP, and Litecoin. Key Takeaways Ethereum must hold above $200 to continue its upward momentum, which may take it to $240 or even $270. Meanwhile, large investors behind XRP have been accumulating heavily since mid-March, signaling further gains ahead. …

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S9 Miners Return to Bitcoin as Network Hashrate Stabilizes

Despite recent blows to Bitcoin’s hashrate, Antminer S9s are returning to the network. The resurgence indicates that miners are confident in sustained BTC prices. Key Takeaways Bitmain Antminer S9 devices currently account for 32% of Bitcoin’s hashrate, up from previous weeks. This has modest security implications for Bitcoin-related coins, such as Bitcoin Cash and Bitcoin SV. Bitcoin transaction fees now …

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