Kraken Report: Bitcoin Getting Increasingly Correlated with S&P 500
Kraken’s June 2020 Bitcoin Volatility Report posits that bitcoin (BTC) annualized volatility crashed to a 6-month low of 51 percent and a reversal in the coin’s bullish trend increased its…
Read More »Ethereum Rallies and Breaches Resistance $232 and $240, Resumes Uptrending
Ethereum rebounded twice to breach the $232 and $240 resistance levels. Unfortunately, the momentum was insufficient to push ETH above $248 high.
Read More »Traditional Payment Giants Adopt Blockchain; Does This Mean the Merging of Two Worlds?
The realm of traditional finance is in the vicinity of a transformation. As people seek for more convenient innovative alternatives, global payment giants are forced to explore these technologies to…
Read More »Bitcoin Hovers above $9.2k, Falling After an Important Rejection
Bitcoin has continued to consolidate between $9,000 and $9,200 support. The king coin has been battling with rejection at $9,300 and $9,400 resistance.
Read More »Rising Interest in Cryptocurrency Makes the Government of the Philippines Keep a Close Eye
As the cryptocurrency market has been attracting more and more users, governments are forced to watch over the industry to protect the citizens against numerous scams and risks. Thus, the…
Read More »Ripple Begins Important Breakout, Unable to Push Above $0.205 Resistance
According to the previous analysis, Ripple has rebounded again at a low of $0.185 to reach a high of $0.205. XRP has earlier rebounded to break the price range between…
Read More »Litecoin in a Brief Surge, Setting up for a Potential Relief Rally
Litecoin rebounded above $41 as the coin reached a high of $43.88 high. Following the recent breakdown on June 27, the bears pushed the coin to $39 low.
Read More »Coinbase Exec Says Capital Will Flee US Due to Crypto Tax Laws
Coinbase’s chief tax officer Lawrence Zlatkin says global customers are the future as non-U.S. jurisdictions are more open-minded.
Read More »Ethereum Shows Sign of Strength as It Breaks Initial Resistance at $230
Ether has recovered after its dismal fall to $216 low as it moved up above $225 high. The biggest altcoin has been consolidating between $230 and $250 to retest the…
Read More »Bitcoin Engages Resistance at $9,200 and $9,300, Lacks Buyers at Significant Price Levels
For the past week, Bitcoin has been stuck in the lower region of $9,000. The bulls have earlier failed to break the $9,800 resistance on June 22.
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