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Chinese firms now seem to be following American corporates so that they don’t miss out on the Bitcoin (BTC) train. In the latest development, China’s video and image processing software firm Meitu has announced its latest investment in Bitcoin (BTC) and Ethereum (ETH).
Ethereum (ETH/USD) came off early in today’s Asian session as the pair depreciated to the 1709.96 area after trading as high as the 1753.81 area earlier in the Asian session. Stops were elected above the 1751.20 area during the ascent, representing the 23.6% retracement of the depreciating range from 1836 to 1725. Traders observe ETH/USD continues to regain lost ground following its recent depreciation from its all-time high around the 2041.42 level to the 1292.76 area. The market has tested the 1667.09 level, representing the 50% retracement of this depreciating range, and additional upside retracement levels include 1755.43, 1864.74, and 1881.21. If ETH/USD extends its upward strength, additional upside price objectives include the 2080.48, 2134.98, 2150.66, and 2210.42 levels. Stops were also recently elected above the 1930.40, 1957.36, and 2017.05 levels during the appreciation, areas related to historical buying pressure around the 215.16, 370.50, and 176.43 areas. Some areas of potential technical support during pullbacks include 1403.13, 1205.96, and 1008.79, with stronger technical support likely in place around 1296.30 and 1066.14. If ETH/USD extends its recent dep...
Bitcoin (BTC/USD) weakened early in today’s Asian session as the pair depreciated to the 50268.66 area after trading as high as the 51846.50 area in the North American session, representing the strongest print since recently trading around the 52666 area. Stops were elected above the 51286.41 area, representing the 78.6% retracement of the depreciating range from 52666 to 46219.32. Traders observe that BTC/USD continues to regain lost ground following its recent depreciation from its all-time high around 58367 to a recent relative low around the 43016 area. The pair recently moved above the 50691.50 level, representing the 50% retracement of the depreciating range, and additional upside retracement levels include 52502.92, 54744.16, and 55081.99. If BTC/USD continues its upward strength, traders will focus on upside price objectives including the 58896.80, 59724.81, 59792.54, 60,069.04, 60368.14, 60522.13, and 61064.65 levels. Stops were recently elected above many significant technical levels during the latest move to a new all-time high, including the 51732.54, 52505.24, 53194.95, 53276.47, 54400, 55266.17, 55715.92, 56761.65, and 57427.73 levels. Some areas of potential t...
Bitcoin price gained bullish momentum above the $50,000 resistance against the US Dollar. BTC traded towards $52,000 and it remains supported for more upsides.
Popular crypto influencer Ben Armstrong has told followers his top four crypto-assets for the coming month, calling bitcoin the top performer.
Ever since Tesla announced the company held $1.5 billion in bitcoin on its balance sheet during the first week of February, the company’s stocks have dropped over 30%. One analyst says that Tesla’s shareholders would be “very supportive” if the company announced it would sell the bitcoin.
Uniswap’s governance token has become the first DeFi token to rank among the ten-largest crypto assets by capitalization.
A tokenized version of a destroyed Banksy painting sold for nearly $400,000 on NFT marketplace OpenSea.
Crypto analytics firm Santiment has published an update to its Whale Holders Distribution model, highlighted YFI, ENJ and CRO as three coins being accumulated.
The chairman of investment firm Sanders Morris Harris, George Ball, says cryptocurrencies are an effective hedge against currency debasement. In addition, he says that cryptocurrencies are attractive as a small part of portfolios.
Popular crypto trader and market analyst Coin Bureau told followers he’s excited about LUNA, the native token for decentralized payments platform Terra.
A widely-followed veteran trader who’s known in the crypto space for calling Bitcoin’s big crash in January of 2018 is unveiling the key fundamental driver that will fuel Bitcoin’s bull market.
Last Thursday (March 4), Litecoin creator Charlie Lee explained why most popular non-fungible tokens (NFTs) currently for sale are not as valuable as some people assume.
In a recent piece for CNN, journalist Kaya Yurleff made a rather startling announcement: emojis are dead…well, more or less. Says who? Generation Z, that’s who.
In 10 years Bitcoin’s finite supply will be nearly exhausted, meaning holders might only need 0.01 BTC to become filthy rich.
Elon Musk once again gives dogecoin another free PR. This is coming not long after the Tesla boss made a series of tweets about the dog-themed cryptocurrency which seemed to have influenced a positive surge in its value in the past.
On Sunday, March 7, 2021, the price per bitcoin jumped over the $50k handle once again, as the digital asset’s overall market capitalization is around $925 billion. One thing is for certain, there will never be more than 21 million bitcoin and today there’s roughly 18,647,525 bitcoin in circulation.
XRP floated above its press time support but needed to retake additional resistance levels to overturn its bearish market. ATOM reflected a consolidated market as the price moved within a fixed channel while Elrond traded within an ascending channel after a bounce back from the $100-mark.