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“# Bitcoin rebounds to $31.6K but warnings of another BTC price plunge are everywhere ” Bitcoin (BTC) continued its bounce from its 2021 opening price on July 21, hitting $31,600 in what some fear is just a temporary reprieve from downside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Short the bounce”? Data from Cointelegraph Markets…
“# No, Jackson Palmer, you are wrong about crypto ” 15 years ago, the social media application Twitter was launched. You might have heard of it, it’s pretty big. Initially, the microblogging and social networking service was a friendly place, packed full of helpful articles and adorable videos. In a recent article, aptly titled ‘How Twitter…
“# Bitcoin bulls defend yearly open after BTC price rebounds 5.5% from $29K ” Bitcoin (BTC) bulls could celebrate a modest victory on July 21 after record bids kept BTC/USD its 2021 opening price. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $31,000 back in play for BTC Data from Cointelegraph Markets Pro and TradingView showed the…
“# Chainlink onboards an average of 1.4 new partners each day in 2021 ” Leading oracle provider, Chainlink, has onboarded partner integrations at a rate of more than 1.4 daily during 2021 so far. According to the archives of Chainlink’s ecosystem portal, 281 different crypto projects have announced integrations during 2021 so far, with the…
“# MakerDAO to dissolve Foundation and become truly decentralized again ” Pioneering decentralized finance protocol, MakerDAO, has announced its foundation will formally dissolve in the coming months, marking one of the final milestones in the protocol’s roadmap to decentralized governance. A July 20 blog post describes Maker’s decentralized autonomous organization, or DAO, as now being…
“# Crypto joins stocks in ‘extreme fear’ after Bitcoin loses $30K support ” Bitcoin (BTC) failed to regain $30,000 after losing support on July 20 as fear & greed indices raced each other to the bottom. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price stays below $30,000 waterline Data from Cointelegraph Markets Pro and…
“# Institutional demand for Bitcoin evaporates as BTC struggles below $31K ” The rocky road that Bitcoin (BTC) has been on for the past two months continued on July 19 as a widely predicted move downwards materialized in the early hours on Monday and dropped the price of BTC below $31,000. Data from Cointelegraph Markets Pro…
“# Here’s how altcoin futures volumes and the USD lending rate signal market crashes ” Every once in a while, a new indicator pops out that can be used to detect price tops and bottoms in the market. This assertion is even more evident in cryptocurrencies because the data comes from exchanges and on-chain data…
“# Price analysis 7/19: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC ” Bitcoin (BTC) broke below the immediate support at $31,000 today and that has resulted in selling across several major altcoins. Coincidently, the fresh push to the downside in Bitcoin has come a day after the much talked about unlocking of…
“# Axie Infinity (AXS) axes almost half its value following 971% bull run ” A supersonic rally in the Axie Infinity market that saw its native token AXS surge by 972% in just 23 days is now risking exhaustion. AXS price Fib fractal The AXS/USD exchange rate plunged to as low as $16.02 on Monday,…