Performance remains on track, the stock-to-flow model shows, as creator PlanB tells investors “Patience is a virtue.”

Bitcoin (BTC) is charting its way directly between the previous two block subsidy halvings that sent its price an order of magnitude higher.

In a tweet on Sept. 2, PlanB, creator of the stock-to-flow (S2F) BTC price models, told investors to be “patient” when it comes to price appreciation.

Bitcoin price remains on track four months after halving

Despite bouncing near $11,000 support on Wednesday, Bitcoin has performed exactly as expected on monthly timeframes since its last halving event in May.

Reluctance to break and secure $12,000 ... Read more »

Views: 61 | Added by: legokykondra | Date: 02.09.2020 | Comments (0)

Akon has released detailed plans of Akon City, his $6 billion futuristic cryptocurrency city, which he calls a “real-life Wakanda,” referring to the hit movie Black Panther. There will be seven major districts, and the city will be run on the akoin cryptocurrency.

Akon City’s Details Officially Revealed


Akon Unveils Major Details of $6 Billion Cryptocurrency City: Real-Life Wakanda
Akon Unveils Major Details of $6 Billion Cryptocurrency City: Real-Life Wakanda

Akon has released detailed plans of Akon City, his $6 billion futuristic cryptocurrency city, which he calls a “real-life Wakanda,” referring to the hit movie Black Panther. ... Read more »

Category: Analytics | Views: 64 | Added by: rozhkovagency | Date: 02.09.2020 | Comments (0)

Yesterday, crypto bulls began celebrating as Bitcoin poked its head above resistance at $12,000 momentarily, before pulling back ahead of the first daily close of the new month

The failure to set a new high, coinciding with some bearish technical signals and underlying market factors, may have prompted the selloff. But how low will this correction go? Is this another opportunity to buy the dip, or is this a more extensive reversal?

Bitcoin Price Forms Head And Shoulders After Today’s 6% Correction, Targets Retest of $10,000

Bitcoin price has been on a slow and steady uptrend most of 2020. The only discrepancy was the Black Thursday collapse in mid-March that took down stocks, crypto, ... Read more »

Category: News | Views: 36 | Added by: danyagames2007 | Date: 02.09.2020 | Comments (0)

Bitcoin plunged lower on Wednesday, continuing its correcting downtrend after hitting a near two-week high at $12,086 earlier this week.

The benchmark cryptocurrency fell by up to 6.41 percent to $11,160. Its move downhill extended the net pullback to 7.47 percent, signifying a renewed selling pressure in the $11,700-$12,000 area. That was the fifth time since August 1 the price rejected $12,000 as its price floor to expand its prevailing bull run.

Conversely, the rejections paved the way for BTC/USD to retest flipped support levels near $10,500. Market analyst Nico was quick to point out the bearish target in his tweet following the Wednesday plunge. He noted that losing any support near the 50-day moving average would expose ... Read more »

Category: News | Views: 29 | Added by: danyagames2007 | Date: 02.09.2020 | Comments (0)

It has been a turbulent past couple of weeks for Bitcoin, with the cryptocurrency first plunging to lows of $11,000 last week before incurring a strong rebound that has since led it all the way up towards $12,000.

Despite the strength of the aggregated crypto market, analysts are noting that there are some signs that BTC may not be able to rally any further.

It is important to keep in mind that $12,000 has become a massive resistance region that has stopped its price from ascending on multiple occasions in recent weeks.

As such, a further rejection at this level may strike a lethal blow to its current signs of technical strength.

 such, a further rejection at this level may strike a lethal blow to its curr ... Read more »

Category: News | Views: 25 | Added by: danyagames2007 | Date: 02.09.2020 | Comments (0)

Bitcoin price traded above the $12,000 resistance before starting a downside correction against the US Dollar. BTC is likely to remain supported above $11,650 and it could rise again.

Bitcoin gained bullish momentum and it broke the $11,800 and $12,000 resistance levels.
The price traded to a new weekly high at $12,066 and it is well above the 100 hourly simple moving average.
There is a key bullish trend line forming with support near $11,650 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is currently correcting lower, but dips might find support near $11,800 or $11,650.

Bitcoin Price Surpasses $12K

In the last technical analysis, we discussed ... Read more »

Views: 55 | Added by: 4zvezda | Date: 02.09.2020 | Comments (0)

Bitcoin price hit $12,000 again, leading traders to turn bullish as BTC attempts to turn the key level to support.

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The price of Bitcoin (BTC) has hit $12,000 again, and traders are becoming more optimistic that the digital asset will hold the key level this time.

So far in 2020, BTC has topped the $12,000 level four times (all since Aug. 2), but flipping the crucial resistance level to support has been a huge challenge

Cryptocurrency dai ... Read more »

Category: News | Views: 37 | Added by: danyagames2007 | Date: 02.09.2020 | Comments (0)

With more than half a billion dollars worth BTC already tokenized, Messari believes that projects bringing Bitcoin to DeFi will emerge as leaders of the crypto sector.

Crypto analytics firm Messari estimates that $500 million worth of Bitcoin (BTC) has been tokenized on the Ethereum network for use in decentralized finance (DeFi) protocols.

The firm's latest report points out however that this figure represents just 0.3% of Bitcoin’s $216 billion market cap, meaning there is ample opportunity for projects that facilitate the migration of Bitcoin onto Ethereum, to capture significant value.

According to DeFi Pulse, popular Bitcoin tokenization protocols WrappedBTC (WBTC) and RenVM are the ninth and 10th larges ... Read more »

Views: 42 | Added by: 4zvezda | Date: 02.09.2020 | Comments (0)

Satoshi Nakamoto would have approved.

Pornhub now accepts Bitcoin (BTC) and Litecoin (LTC) as payment for its premium services. The company has been accepting Verge since 2018, later adding several other cryptocurrencies, but this is its first foray into the major leagues. Pornhub’s vice president Corey Price said in the press release:

“As a leader in adult content with over 130 million visitors per day, Pornhub is excited to now offer two widely-used and leading digital currencies for our users. Our team continues to pave the way for tech development, testing and implementing new technology for everyday consumers far ahead of the mainstream market.”

Pornhub is a year older than Bitcoin, having been f ... Read more »

Views: 49 | Added by: 4zvezda | Date: 02.09.2020 | Comments (0)

Rampant inflation of the dollar’s M2 money supply is only enriching the “cantillionaires,” Max Keiser argues as its velocity hits record lows.

There are more United States dollars than ever, but the rate at which they move around the economy has never been so low.

That was according to the Federal Reserve’s own statistics on Aug. 31, which showed that a collapse in M2 money supply velocity had come despite record money printing.

The rise of the “cantillionaires”

The M2 supply topped $18 trillion in 2020 thanks to coronavirus countermeasures while velocity fell below 1.125 for the first time since at least the 1940s.

This year marks a clea ... Read more »

Views: 41 | Added by: 4zvezda | Date: 02.09.2020 | Comments (0)

The Vienna Stock Exchange and the Singapore Exchange are warming up to cryptocurrency.

The Vienna Stock Exchange, or Wiener Börse, has become just the third “official regulated market” worldwide to list a Bitcoin (BTC) product.

The exchange listed 21 Shares AG’s Bitcoin and Ethereum (ETH) exchange-traded products (ETPs), ‘ABTC’ and ‘AETH’, on September 1.

Thomas Rainer, Wiener Börse’s head of development, emphasized that the listing allows “experienced, local investors” to access the benefits that a stock market can offer to crypto traders, including “monitored, regulated, and transparent trading with real-time information and secure settlement via their ... Read more »

Category: News | Views: 47 | Added by: danyagames2007 | Date: 02.09.2020 | Comments (0)