Here’s The Biggest Hindrance To Bitcoin Touching Above $50,000
Bitcoin had successfully flipped the $47,000 level this week. A welcome change after the digital asset had spent a long stretch of time plagued by low momentum. It officially signaled a break out of the consolidation of the past two-and-a-half months. Now the real work begins as bears have begun mounting significant resistance to keep the cryptocurrency from breaking above $50,000. The Point To Beat Although Bitcoin continues to hold above $47,000, there is still a lot of opposition to the digital asset in this region. $47,500 remains a technical level that has shown itself throughout....
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Bitcoin continues to rise strongly and sharply post its crucial breakout. In my previous analysis titled Breakout Achieved, Next Target $245?, I did mention the possibility of the price touching $245 but did expect minor hindrance near $240. However, Bitcoin had other plans. The cryptocurrency not only thwarted all the bearish blows in its way but also exceeded the expectations by comfortably crossing the $250-mark. Since yesterday, Bitcoin has advanced more than 4.7% to trade at $246.85. Technically, even though bulls have a strong and steady grip on the situation, the upmove will not be....
A healthy dose of skepticism is well, healthy. As for The Economist, their opinion is pretty much in lockstep with much of the world’s biggest industries that have been predicted to be ripe for adoption of blockchain technology. With specific mention of the financial and banking industry, the editorial goes into why blockchain technology may be a slowly adopted innovation. In the editorial, the author points to the hyper-competitive nature of financial firms and banks as being a hindrance to the proliferation of blockchain technology. Due to the lack of cooperation between the world’s....
Shiba Inu’s price action in the past seven days has been marked by a decline from $0.00001514, struggling to keep up an upward momentum. After briefly touching $0.00001514 on April 26 following Bitcoin’s rally, SHIB has since pulled back and is currently hovering near $0.0000132. This decline reflects a broader hesitation among Shiba Inu traders […]
ATOM was among the biggest gainers on cryptocurrency boards this Wednesday as traders assessed its integration into the US-regulated crypto exchange Coinbase. The Cosmos’ native token rallied 9 percent on a 24-hour adjusted timeframe, touching an intraday high level near $5.56, hours after Coinbase added support for staking ATOM rewards. Its gains appeared even as […]
Last week saw the third-biggest outflow from stock funds in history, and the dollar is the strongest it’s been since April. Here’s what’s going on.