There’s a massive 32,000 Ethereum sell wall at $1,250 stopping bullish price action

Both Bitcoin and Ethereum have entered periods of consolidation over the past two weeks despite attempts by both to break above and below their respective medium-term price ranges. Ethereum may continue its consolidation for the time being, as there has been one large holder that has appeared with a large amount of ETH to sell. […]

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What can invalidate the short-term bear scenario for Bitcoin?

The price of Bitcoin is showing strong momentum as it recovers above $33,000 following a relatively large correction on January 12. The general market sentiment around Bitcoin remains positive. But, there is one major invalidation point for the bearish scenario for BTC. Bitcoin must reclaim $36,000 In the foreseeable future, if BTC wants to reach […]

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Ripple looks to new administration to take U.S. blockchain industry forward

Team Ripple lets us know what to expect from cryptocurrency and blockchain technology going into 2021. The latest post from the San Francisco-based fintech giant covers multiple topics, including the ever blurring lines between crypto and banking, as well as expected changes in the DeFi market structure. But perhaps most pressing, in light of the […]

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Analysts explain why Bitcoin is primed for a rally back to $40k and higher

The price of Bitcoin is hovering under $37,000 after the correction from $40,000 in the past 72 hours. Trader Peter Brandt believes BTC would either face a “complicated” correction or see a broader rally. Brandt, a long-time trader, pinpointed the daily price chart of Bitcoin to explain that the range is tightening. When the range […]

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Chainlink and Aave hit all-time highs: why are DeFi tokens rallying hard?

Chainlink and Aave, two major DeFi-related cryptocurrencies, are surging strongly in tandem with Bitcoin. Aave surpassed $200 for the first time in history, solidifying its position as the fourth-largest DeFi token behind Uniswap (UNI). Chainlink keeps its position as the biggest DeFi token by market capitalization, valued at around $9 billion. Why are Chainlink and […]

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Gemini’s crypto exchange could join Coinbase in going public

Hot on the heels of Coinbase, New York-based rival crypto exchange Gemini could also be going public. Encouraged by a swell tide of interest in crypto, Co-Founders Cameron and Tyler Winklevoss told Bloomberg they are open to the idea. “We are definitely considering it and making sure that we have that option. We are watching […]

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Bitcoin frenzy? Coinbase surpassing $9 billion in daily volume shows big demand

The demand for Bitcoin is increasing as the rising volatility shows. Coinbase, the largest cryptocurrency exchange in the U.S., recorded $9 billion in daily volume on Jan. 11. Yesterday, Coinbase, Kraken, and several other exchanges and data providers saw technical difficulties amid record-high trading volume. The explosive increase in the trading volume of Bitcoin led […]

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Parabolic Bitcoin market cap sees BTC briefly top Facebook valuation

A fantastic run of form from Bitcoin has resulted in a new all-time high market cap of over $760 billion. Gemini Exchange Co-founder Cameron Winklevoss pointed out that this now puts Bitcoin above Facebook in terms of valuation. #Bitcoin has surpassed Facebook $FB in market cap. Makes sense that a money network would be more […]

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Billionaire investor Chamath maintains the view that Bitcoin price will pass $100,000

Bitcoin has undergone a remarkable rally over recent weeks. The cryptocurrency is up over 100 percent from where it was just a month ago, with BTC pushing past $40,000 on Thursday. Chart of BTC’s price action over the past two and a half weeks. Source: BTCUSD from TradingView.com Analysts are divided over what comes next […]

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New DeFi entrant? ShapeShift pivots to DEX, integrating Ethereum and ERC20 tokens

ShapeShift, one of the oldest cryptocurrency trading platforms in the crypto market, is pivoting. It announced the integration of a decentralized exchange, adding Ethereum and ERC20 tokens first. Since it is a decentralized exchange, it will not be able to immediately process Bitcoin trades. Hence, ShapeShift said it would integrate Bitcoin in the first quarter […]

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