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“# Ghana’s digital cedi must emulate cryptocurrencies, Afroblock states ” The latest central bank digital currency (CBDC) initiative from Bank of Ghana (BoG) met with skepticism as Afroblocks, an in-house independent association, speculates lack of clarity on the central bank’s intentions. Afroblocks (previously Blockchain Society Ghana) has warned BoG to steer away from “old traditional…
“# Bitcoin can see $55K breakout if last major BTC price resistance is broken — Analyst ” Bitcoin (BTC) touched $47,000 on Tuesday as ranging behavior continued to hint at an attack on major resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Volatility narrows for Bitcoin Data from Cointelegraph Markets Pro and TradingView showed BTC/USD attempting…
“# Wen Dogecoin moon? On-chain data and trading volumes suggest soon ” The cryptocurrency market has had a wild ride thus far in 2021 as multiple sub-sectors like decentralized finance (DeFi), NFTs, meme coins and layer-two solutions have seen their TVL and token values skyrocket to new highs. One of the biggest success stories of…
“# Traders seek hefty gains from altcoins while Bitcoin price consolidates ” Optimism across the cryptocurrency ecosystem continues to grow on Aug. 16 as multiple altcoins put on double-digit gains and Bitcoin (BTC) bulls defend the $46,000 support level. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours…
“# Solana price soars to new highs with DeFi project launch, $70M DEX funding ” Solana blockchain’s native asset, SOL, soared to a new record high on Monday. The SOL/USD exchange rate rose by 26.12% to $65.467 on the Binance exchange after traders assessed a flurry of infrastructural developments in the Solana ecosystem, including a…
“# BTC eyes $50K breakout despite most ‘greed’ since all-time highs: 5 things to watch in Bitcoin this week ” Bitcoin (BTC) is approaching its second attack on pivotal resistance this week as bulls remain firmly in the driver’s seat. After a mixed weekend that saw both a run on $48,000 and a major rejection…
“# 3 reasons why Gitcoin (GTC) price has rallied 100% in a month ” As the blockchain industry expands and becomes more of a fixture in everyday life, the idea of ‘one chain to rule them all’ and the general ideology of blockchain maximalism is beginning to fall to the wayside and the focus on…
“# Top 5 cryptocurrencies to watch this week: BTC, ETC, LUNA, KLAY, AXS ” Bitcoin (BTC) is facing a stiff challenge from the bears near the $48,000 mark. As Cointelegraph reported earlier, the buy and sell levels show that sellers on Binance have held their ground at $48,000. PlanB, the creator of the stock-to-flow Bitcoin…
“# BTC price slips under $46K but analysts are betting on new Bitcoin all-time highs ” Bitcoin (BTC) saw lows of under $45,600 on Aug. 15 as a second instalment of its resistance rejection played out. BTC/USD 1-hour price chart (Bitstamp). Source: TradingView Analysts eye BTC attack on all-time highs Data from Cointelegraph Markets Pro…
“# Bullish Ethereum traders can place risk-averse bets with this options strategy ” Being bullish on Ether (ETH) has paid off recently because the token gained 60% in the last 30 days. The spectacular growth of decentralized finance (DeFi) applications likely fueled inflow from institutional investors, and the recent London hard fork implemented a fee…