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“# Bears back off, but Bitcoin price still wavers below $35K ” Although bulls made a show of force in the morning trading hours, Bitcoin (BTC) price is still pinned under the $35,000 resistance and unable to flip the 20-day moving average to support or secure a daily close above the level. Data from Cointelegraph…
“# Elon Musk tweets his support over proposed Dogecoin changes ” Elon Musk, the at-times controversial SpaceX founder and stop-and-go crypto supporter, voiced his support late Sunday for a set of major updates to the Dogecoin (DOGE) blockchain. The changes would drastically redesign the cryptocurrency’s software architecture and alter its token economics. The popular “joke crypto”…
“# Price analysis 6/28: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, LTC ” Bitcoin (BTC) is attempting to stage a relief rally but analysts at JPMorgan Chase believe that the short-term setup looks challenging. However, the analysts also pointed out that the crypto markets had started a healing process. A sign of this…
“# Ethereum Classic devs announce upcoming hard fork ” On Monday, developers of the Ethereum Classic (ETC) blockchain announced a hard fork to implement the project’s latest version, now scheduled for launch in late July. The upgrade, which the community has dubbed “Magneto,” will include the four Ethereum Improvement Proposals, or EIPs, first seen in…
“# Internet Computer (ICP) logs revenge recovery after crashing 95% since launch ” Internet Computer (ICP) rose to spotlight among day-traders after rising 41.69% on Sunday. The ICP/USD exchange rate closed the session at $42.98 after correcting lower from its intraday high of $45.01. At its quarter-to-date low, the pair was trading at $28.31. Meanwhile,…
“# Iron Finance bank run stings investors — A lesson for all stablecoins? ” The cryptoverse has been overrun with negative events lately. One of the most recent ones was the Iron Finance bank run that occurred on June 16. Iron Finance is a multi-chain, partially collateralized stablecoin protocol with the main goal of providing…
“# Index Coop to include BadgerDAO in DPI DeFi index from August ” BADGER, the governance token of Ethereum-powered Bitcoin yield protocol, BadgerDAO, will be included in Index Coop’s DeFiPulse Index (DPI) token from August. Index Coop announced the news on June 26, noting BADGER’s inclusion would be pushed back by one month due to…
“# 4 ways investors use support and resistance levels to make better trades ” Trading should just be a simple process of buying low and selling high but for many investors the process is more akin to rocket science. One of the most basic and easy-to-understand strategies that can help accomplish this is to identify…
“# Top 5 cryptocurrencies to watch this week: BTC, ADA, SOL, MATIC, KLAY ” The U.S. core personal consumption expenditure (PCE) price index increased 0.5% in May, below market estimates of 0.6%. However, when compared year-over-year, the PCE index surged to 3.4% recording its largest gain since 1991. While the U.S. Federal Reserve expects inflation…
“# 3 reasons why Quant (QNT) price rallied 125% this week ” Real-world use cases and delivered value are important when evaluating the long-term prospects of a cryptocurrency project, and this is especially true in down markets when sentiment is low and the possibility of an extended bear market is a reality. One project that…