While Bitcoin price action remains lackluster, altcoins are attempting to make a strong upside move. Although Bitcoin (BTC) is not showing any trending move, Bakkt and the Chicago Mercantile Exchange (CME) Group continue to roll out products designed to attract the large traders. Bakkt recently announced that it will add a cash-settled futures contract to…
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Bitcoin is at a critical level. Will it bounce off the current level or plummet below it? Let’s analyze the charts. The crypto markets are going through a phase of uncertainty with several cryptocurrencies failing to show a firm trend. This is because the markets lack a catalyst that can either pull prices higher or…
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The top-performing cryptocurrencies of the past seven days are showing signs of bottoming out. Is it a good time to buy? Bitcoin (BTC) futures volumes have been consistently rising in the past few days. This shows that the interest of the institutional players has been gradually picking up. A close study of the futures volume…
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Several cryptocurrencies have turned down sharply from their overhead resistance levels. This is a sign of weakness. Though crypto markets are in a consolidation phase, the number of first-timers investing in this nascent space has almost doubled, according to data from Square Cash App. This is a positive sign as it shows that investors are…
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Bitcoin’s price action slows as Litecoin looks poised for significant gains. Bitcoin price (BTC) failed to ignite much interest as October closed. There are approximately 194 days left until the next Bitcoin halving, which probably feels like an eternity away for those involved with the crypto space. This week there was also a surplus of…
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The crypto market has pulled back but traders might view the current dip as a buying opportunity as long as critical support levels are not violated. A Bloomberg report, analyzing data from 13 top exchanges, shows that within a very short span of time, Bitcoin (BTC) futures trading volume has grown to about 50% of…
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Many cryptocurrencies are in a pullback which may be viewed as a buying opportunity. What are the critical levels to watch out for? The sentiment in the crypto markets had turned bullish on the news that Chinese President Xi Jinping has called for businesses and government bodies to support the development and adoption of blockchain…
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After last week’s volatility, traders could be anticipating that the crypto market will consolidate the gains before starting next move up. The seesaw price action over the past week has lightened up the crypto space once again. While the aggressive bulls view the sharp upside move as a bottoming signal, the bears consider the rise…
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Bitcoin managed a sharp turnaround just a day after 10% price dump. Does this increase the possibility of a bottom formation? The total market capitalization has bounced from very close to the $200 billion support, which is a positive sign. The pullback from the dip on Oct. 23 has been broad-based with Bitcoin (BTC) and…
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The country that tried to ban Bitcoin in 2013 is now home to some of the world’s most permissive ICO regulations. After initially seeking to ban Bitcoin in 2013, Thailand has since developed a permissive regulatory apparatus for digital currencies and cryptocurrency fundraising methods. Thai financial services firm Seamico Securities recently announced that it has…
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