Bitcoin has seen a strong uptick in institutional adoption over recent weeks and months amid the worst economic trends in many decades. Wall Street analysts think that the asset may act as a hedge against the U.S. dollar dropping and other geopolitical and macro trends.

JP Morgan made this much clear when the firm released a commentary on this nascent market. The prominent Wall Street firm commented that Bitcoin could rally multiples higher if it manages to crowd out gold to some extent.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom

Bitcoin Commentary By JP Morgan Makes Rounds

On Friday and Saturday, a report from JP Morgan made the rounds onli ... Read more »

Category: News | Views: 62 | Added by: danyagames2007 | Date: 25.10.2020 | Comments (0)

XRP’s price action has been rather lackluster as of late, with buyers and sellers remaining deadlocked as they struggle to gain control of the cryptocurrency’s near-term trend.

This lack of momentum isn’t new for XRP, as the token has been stuck within a macro consolidation phase throughout the past few years against both its USD and BTC trading pairs.

This has caused its community to dry up, with the so-called “XRP Army” largely evaporating as they move on to other projects.

It is important to note that XRP still has growth potential, as many traders still view it as a short-term vehicle to provide gains due to its tendency to see parabolic moves.

One analyst is now pointing to so ... Read more »

Category: News | Views: 52 | Added by: danyagames2007 | Date: 25.10.2020 | Comments (0)

Prominent comedian and actor Kevin Hart just discussed Bitcoin, Ethereum, and other crypto assets during a livestream for MDA USA. MDA is an organization that aims to help those affected by muscular dystrophy, ALS, and other diseases related to neuronuscular mehavior. Hart is honored to host this event:

“To have the opportunity to revive it, change it and still, of course, fulfill the cause at hand as well as bring some awareness to other things that are going on, I just felt it was a great moment,” he said to CNN on the matter.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom

Kevin Hart ... Read more »

Category: News | Views: 52 | Added by: danyagames2007 | Date: 25.10.2020 | Comments (0)

Mining with home rigs is back, so here’s what those interested need to know to put together their own rig at home.

In a time of global crisis, a pandemic, and a generally unstable political and social environment, cryptocurrencies have shown remarkable stability. Moreover, the pandemic-induced economic downturn played into the hands of the industry by not only attracting professional cryptocurrency traders but also reviving mining as a way of generating passive income. 

It is not surprising that countries experiencing difficult political and economic situations have witnessed a boom in the purchase of GPU cards in recent months. In the region of Abkhazia, where all crypto activities have been illegal since 2018, cit ... Read more »

Category: News | Views: 91 | Added by: danyagames2007 | Date: 25.10.2020 | Comments (0)

Ethereum traded to a new monthly high at $422 before correcting lower against the US Dollar. ETH price is trading well above the 100 SMA (H4) and it is likely to resume its upside above $422.

ETH price is trading in a strong uptrend above the $400 support against the US Dollar.
The price is trading well above the $380 pivot level and the 100 simple moving average (4-hours).
There was a break above a contracting triangle with resistance near $412 on the 4-hours chart of ETH/USD (data feed via Kraken).
The pair is likely to rally above $422 and $425 as long as it is trading above the $400 handle.
 

Ethereum Price is Gaining Momentum
 

This past week, Ethereum started a strong inc ... Read more »

Category: News | Views: 53 | Added by: danyagames2007 | Date: 25.10.2020 | Comments (0)

The price of Bitcoin abruptly dropped over 3% in under an hour after surging to $13,350, but its high time frame log charts remain highly optimistic.

Three factors likely triggered a quick decline in the price of Bitcoin (BTC) on Oct. 25. First, traders pinpoint the $13,300 to $13,500 area as a major resistance range. Second, futures and options markets are neutralizing. Third, weekend trading is seemingly amplifying volatility.

The $13,300-$13,500 range is a key resistance area for Bitcoin in the short term

Before the sudden price drop occurred, BTC soared from $13,127 to $13,350. The dominant cryptocurrency rallied swiftly to an area of interest for sellers as more miners moved BTC to exchanges.

Throughout ... Read more »

Category: News | Views: 60 | Added by: danyagames2007 | Date: 25.10.2020 | Comments (0)

Bitcoin price is trading nicely above the $13,000 resistance zone against the US Dollar. BTC is showing positive signs and likely gearing for more upsides above $13,200 and $13,500.

  • Bitcoin successfully cleared the $12,800 and $13,000 resistance levels.
  • The price is now trading nicely above the $13,000 handle and the 100 simple moving average (4-hours).
  • There is a major bullish trend line forming with support near $13,000 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
  • The pair could continue to rise above the $13,200 and $13,250 resistance levels.

Bitcoin Price Aims New High

This past week, bitcoin started a strong increase above the $12,000 and ... Read more »

Category: News | Views: 67 | Added by: danyagames2007 | Date: 25.10.2020 | Comments (0)

Four years ago, Vinny Lingham predicted bitcoin’s bull run and a number of bitcoiners have referred to him as the “oracle.” On Twitter, Lingham is once again giving his predictions on bitcoin’s future prices. He’s also noted this month that he’s “bullish on bitcoin” and hasn’t felt this way since 2016.

The former CEO of Gyft and the cofounder of the project Civic, Vinny Lingham, has been in the crypto industry for quite some time. Lingham is also known for his predictions and oftentimes the serial entrepreneur is on point. For instance, in December 2016 during Bitcoin’s pre-bull stage Lingham predicted that after BTC broke the $800 handle, it would quickly sp ... Read more »

Category: News | Views: 59 | Added by: 4zvezda | Date: 25.10.2020 | Comments (0)

Bitcoin has once again rallied over the past day, bringing it to new year-to-date highs at $13,350 as of this article’s writing. The latest move higher just took place, bringing the leading cryptocurrency from $13,150 to the aforementioned highs.

Chart of BTC's price action over the past two days. Source: BTCUSD from TradingView.com

This comes after Bitcoin saw a notable daily candle close of $13,000. This daily candle close was the highest of its k ... Read more »

Category: News | Views: 56 | Added by: danyagames2007 | Date: 25.10.2020 | Comments (0)

A report from JPMorgan’s Global Markets Strategy division discusses three bullish reasons for Bitcoin’s long-term potential.
 

JPMorgan, the $316 billion investment banking giant, said the potential long-term upside for Bitcoin (BTC) is “considerable.” This new optimistic stance towards the dominant cryptocurrency comes after PayPal allowed its users to buy and sell crypto assets.

The main factor put forward by JPMorgan’s Global Markets Strategy division is Bitcoin’s competition with gold. The note, obtained by Business Insider, reads:

"The potential long-term upside for bitcoin is considerable if it competes more intensely wi ... Read more »

Category: News | Views: 92 | Added by: danyagames2007 | Date: 25.10.2020 | Comments (0)

Real Vision Group CEO Raoul Pal says gold is “breaking down” against Bitcoin, a signal that the bullish case for BTC continues to strengthen.

Earlier this week, Bitcoin (BTC) advocate and Real Vision CEO Raoul Pal said gold is breaking down against BTC. If the dominant cryptocurrency continues to gain momentum against BTC, it could strengthen its perception as a store of value.

In the past month, the price of Bitcoin gained 30.36% against the U.S. dollar, from $10,136 to $13,217. In the same period, gold has gained about 2.25%, from $1,863 to $1,903.

... Read more »

Category: News | Views: 65 | Added by: danyagames2007 | Date: 25.10.2020 | Comments (0)