¿Qué es la Tokenización? Todo lo que debes saber.
Dentro del mundo de blockchain, la palabra “token” es parte del vocabulario general; normalmente como parte de una discusión sobre si un…
Dentro del mundo de blockchain, la palabra “token” es parte del vocabulario general; normalmente como parte de una discusión sobre si un…
Bitcoin Cash price has advanced from $545 above $1200 since the beginning of April, and the current price stands around $945. The cryptocurrency market is losing some ground this trading week, but the “bullish trend” remains very strong.
Bitcoin Cash price has exploded since the beginning of April, and this cryptocurrency continues to trade in a buy zone. The daily volume of Bitcoin Cash (BCH) remains high, and if this positive trend continues, this crypto could be one of the best performers in the upcoming weeks.
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Bitcoin Cash has rapidly become one of the most valuable cryptocurrencies globally, and it is also important to mention that Bitcoin Cash has lower fees than Bitcoin. Bitcoin Cash allows more transactions to be processed because of increased block size, and this network is outpacing transactions on the Bitcoin network at a 10:1 ratio.
Faster transactions and lower fees are fueling Bitcoin Cash adoption, and according to cryptocurrency promoter Roger Ver, BCH has a bright future.
“One of the things that most people don’t realize — there are already more transactions happening on the Bitcoin Cash network, right now, today, than there are on the Bitcoin network. Right now, today, as we’re recording this, more people are going to transact on the Bitcoin Cash network than on Bitcoin,” said Roger Ver.
Global adoption, permissionless innovation, and decentralized development are the main characteristic of this network; still, investors in Bitcoin Cash should have in mind that this is a very risky cryptocurrency.
Bitcoin Cash was one of the best performers on the cryptocurrency market in the last several weeks, and as long the price is above $800, it remains in a buy zone.
Bitcoin Cash (BCH) could advance even more in the ongoing bull market, and if the price jumps once again above $1100, the next price target could be around $1200 or even $1300. Bitcoin Cash’s trading volume remains high, and for now, there is no risk of the trend reversal.
On the other side, if the price falls below $800 support, it would be a firm “sell” signal, and we have the open way to a $700.
Bitcoin Cash price has exploded since the beginning of April, and for now, there is no trend reversal sign. Faster transactions and lower fees are fueling Bitcoin Cash adoption, and according to cryptocurrency promoter Roger Ver, BCH has a bright future. If the price jumps again above $1100, the next price target could be around $1200, but if the price falls below the $800 support level, it would be a firm “sell” signal.
The post Bitcoin Cash (BCH) price analysis: A correction or end of the rally? appeared first on Crypto new media.
How does JumpNet fit into the Lost Relics universe and what does the future hold?
Daily Bitcoin News April 20th, 2021
View Reddit by Simplybitcoin1 – View Source
The post Daily Bitcoin News April 20th, 2021 appeared first on Crypto new media.
These guys are like the UKs equivalent of Ark. In fact some would say better. They were investors in Tesla back in 2013 and own some of SpaceX.
They have invested £100M in Blockchain.com
Not a favourite around here I know, but BG are normally on the ball when it comes to investing in up and coming companies.
https://www.bloomberg.com/news/articles/2021-04-21/blockchain-com-gets-100-million-from-century-old-scottish-firm?utm_source=url_link
View Reddit by MrDopple68 – View Source
The post Baillie Gifford invests in Blockchain appeared first on Crypto new media.
 
 
Dogecoin (DOGE) rallying to all-time highs recently wasn’t just the beginning and investors in the meme cryptocurrency should brace for losses, veteran trader John Bollinger has warned.
In an April 21 tweet, the Bollinger Bands indicator creator posited that he had spotted an “important top” in DOGE.
Some Dogecoin fans were set to push the coin’s value to $1 on April 20 — a day they declared as ‘Dogeday’. However, the day turned out to be a huge nothingburger as it ended with a 21% drop. DOGE is trading at an unremarkable price of $0.31 at press time, and Bollinger believes it might be due for further losses.
Bollinger says DOGE’s impressive April rally could retrace by a staggering 50%. He emphasized that the Bollinger %b indicator is demonstrating a lower high. This has formed a bearish divergence that could fuel a severe correction.
Adding to the grim outlook is the percentage difference between the lower band and the upper band — or the Bandwidth — which the technical analyst notes is also down.
 
 
Although the technicals are quite bearish for Dogecoin, all hope is not lost. Bollinger acknowledged that the coin’s patron saint of price-boosting, Elon Musk, could very well “make a fool out of him”.
The SpaceX/Tesla CEO enjoys posting tweets about the eight-year-old cryptocurrency and causing wild swings in the market. Just last week, Musk referenced the meme coin in a tweet as it shot up from $0.15 to $0.40 in the span of days.
Musk who has 51.7 million followers on Twitter, might therefore tweet about DOGE in the coming days and negate the short-term bearish setup. And maybe this time it could finally enter the coveted $1-decimal club.
The post How It Could Happen ⋆ ZyCrypto appeared first on Crypto new media.
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Bitcoin is now reeling after a rejection prevented further highs around the time Coinbase Global went live on the Nasdaq. The same stock market has also been booming alongside crypto – both markets gone parabolic against a common denominator: the dollar.
The greenback’s “exponential decay” is poised to continue, further benefiting crypto and equities. However, some short term abatement of hyperinflation could bring pause to the bull market.
When nearly every stock or crypto chart denominated in the same asset USD $ is parabolic, you’re looking at an exponential decay of the denominator. In the short term, there is a risk that they crash the market in order to abate some of the effects of the ongoing hyperinflation.
— Jess Martini (@btcty) April 20, 2021
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Flash back to around 14 months ago, before Black Thursday rocked finance and to when the pandemic first began. The stock market and cryptocurrencies were decimated by the panic that ensued.
But as a result of governments flooding the money supply with more money than ever before, both markets went ballistic. A bull market broke out in both stocks and cryptocurrencies, bringing all major indices to new all-times, and Bitcoin breaking all previous records.
Related Reading | Bitcoin, Coinbase Crypto Euphoria Is Blind To Potential Dollar Reversal
The stock market and crypto are doing well for completely different economic factors and are such different asset classes, the real reason for the sudden parity is due to the dollar.
Crypto and the stock market have both gone parabolic against the dollar | Source: BTCUSD on TradingView.com
The dollar is in trouble – there’s no doubt about it. It’s value against other top world currencies according to the DXY has fallen. Against Bitcoin and stocks, the drop has gone parabolic.
Zooming out on the DXY could suggest that the worst is yet to come for the greenback. A massive symmetrical triangle has formed, similar in shape as the one Bitcoin broke upward from to start the bull market.
If the above pattern confirms, the dollar's fall hasn't even started | Source: TVC-DXY on TradingView.com
Except before Bitcoin consolidated, the previous trend was up. In the dollar, the prevailing trend has been down, and that’s where things could still be headed if “exponential decay” continues as expected.
A fall of such magnitude as the measure rule would project, could take the top currency in the world down to historic lows. And with USD as the base currency at which all other assets are measured, price action could get a little wild.
Related Reading | Potential Island Reversal Leaves Bitcoin Bulls Stranded
If that happens, even if somehow a strategy rolls out to prevent against short-term inflation and the dollar gets some air, fiat is dying a fast death at the hands of Bitcoin.
Technical factors in Bitcoin and stocks also point to correction enough to where the dollar gets some immediate relief. But after that, it is right back to destruction of the global reserve currency.
Featured image from Pixabay, Charts from TradingView.com
The post “Exponential Decay” Of The Dollar To Benefit Bitcoin Long-Term appeared first on Crypto new media.
As the second wave of coronavirus pandemic has started to run havoc in different countries, the Biden Administration is gearing up to announce another set of relief packages for the Americans. On top of the $2.3 trillion proposed stimulus package in the pipeline, the report suggests the White House is working on another $1 trillion American Families Plan proposal. The details of the newly proposed spending plans are yet to be discussed however, early reports indicate it would cover child care, universal pre-K, and community college tuition fee.
The slew of relief packages by the Biden Administration could offer direct cash stimulus to citizens which in turn could boost the stock and cryptocurrency market. The stimulus packages in the form of cash benefits to the citizen often flow into the market as people look for a better hedge against inflation in these troubled times. Bitcoin and cryptocurrencies have emerged as viable investment options offering better returns than most of the traditional assets.
Bitcoin price correction last weekend saw the top cryptocurrency fall to sub $54K price levels after registering a new ATH in the second week of April. The retrace of nearly 20% did cause panic among many traders as many blamed the recent Chinese outage as the main cause, as it leads to a sharp drop in Bitcoin’s hashrate.
Historically government-led stimulus package has proven beneficial for Bitcoin and as the debate around its price reaching a potential top gains momentum, the Biden administration’s proposed relief and spending package could help it begin the next leg of the current bull run. The top cryptocurrency has also shown a distinct price pattern where it has registered a new ATH followed by a sharp retrace and a prolonged consolidation phase. As mainstream bitcoin and crypto adoption continues to rise, the stimulus package could offer a much necessary boost for the top cryptocurrency.
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The post Biden Administrations $2.3T Proposed package gets $1T Additional Expenditure Budget appeared first on Crypto new media.
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