Bitcoin, the biggest cryptocurrency by market cap, has been experiencing a huge drop in its value following several events in the market.

Currently, prices are going even lower, courtesy of the mining situation with China amongst others events, which has caused a collective selloff.

Recall that Bitcoin once reached a market cap of over $1 trillion, and reached an all-time high of over $63,000 earlier in May, but has since then lost over 50% of its value. The cryptocurrency is currently trading at about $32,666 up 1.66% in the last 24 hours. 

However, despite all the market fears, uncertainty, and doubt around the asset class, many cryptocurrency proponents are solidly bullish about the prospects of Bitcoin. The ... Read more »

Category: News | Views: 178 | Added by: danyagames2007 | Date: 28.06.2021 | Comments (0)

At the time of writing this report, the pioneer Crypto traded near $35k with a daily trading volume of $34 billion. Bitcoin is up 4.47% for the day.

Macros helping the most popular crypto include reports that El Salvador, is expected to make Bitcoin its legal tender within the Central Latin country on September 7.

Know where Bitcoin is headed? Take advantage now with 

Also weighing positively on Bitcoin are fundamentals showing Mexico’s third-richest individual Ricardo Salinas Pliego stated that Banco Azteca, the bank which he founded about two decades ago plans to accept Bitcoin.

In addition, Bitcoin bulls will keep tab on the monthly chart pattern which opened in June at around $36,900 price leve ... Read more »

Category: News | Views: 146 | Added by: danyagames2007 | Date: 28.06.2021 | Comments (0)

Bitcoin prices have come just shy of $35,000 during Monday morning’s Asian trading session. The upwards momentum follows a bearish weekend which saw the asset slump to a Saturday low of $30,300.

The psychological $30K support level has held strong as Bitcoin prices rise back into their range-bound channel. At the time of press, the king of crypto was trading up 4% on the day at $34,500, according to Tradingview.

Analysts Bullish on Bitcoin
Crypto market analysts and chart experts are leaning bullish once again, following the big bounce from support. Analyst ‘CryptoHamster’ noted that both BTC and ETH had broken the resistance line to the upside. The analyst added that there is likely to be more sideways action before the next big move, which would need to top the psychological $40K barrier for Bitcoin.

... Read more »
Category: News | Views: 159 | Added by: danyagames2007 | Date: 28.06.2021 | Comments (0)

Tesla CEO Elon Musk has just voiced his support for a proposal that would dramatically change Dogecoin’s fee policy.

The proposal—which was published on Github by Liberate, Inc CEO Patrick Lodder—posits that the current recommended fee of 1 DOGE disincentivizes on-chain transaction activity. He points out that transacting Dogecoin is currently five times more expensive than transacting Litecoin.

Lodder also adds that people are reluctant to move their holdings off exchanges due to the fact that the perceived value loss is too high.  

Hence, he proposes lowering the default block inclusion fee rate to just 0.01 DOGE:

This proposal to all Dogecoin stakeholders suggests to reduce average f ... Read more »

Category: News | Views: 195 | Added by: danyagames2007 | Date: 28.06.2021 | Comments (0)

Bitcoin is set to close another weekend since May 27th when it traded below the $40,000 psychological level. A mix of both bullish and bearish news has kept the premier digital currency at least by 49% below its all-time high (ATH) price above $64,000. 

Much recently, the price of Bitcoin was perceived to be setting off the Wyckoff trade pattern. However, according to analyst Rekt Capital, the fact that the cryptocurrency broke the $30,000 support level to trade at a low of $28,893.62 in the past week has invalidated the Wyckoff pattern possibility.

The Wyckoff pattern is often set when a trading range is preceded by an accumulation phase. In the past months, we have seen a broad accumulation of Bitcoin by institutional ... Read more »

Category: News | Views: 247 | Added by: danyagames2007 | Date: 28.06.2021 | Comments (0)