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“# Classic technical indicator foresees another massive Bitcoin price drop with $16K target ” Bitcoin (BTC) has rebounded by more than 25% after bottoming out at $30,000 during the May 19 crash. But the cryptocurrency continues to tread ahead under the possibility of facing another period of strong sell-offs owing to a classic technical…
“# Bitcoin hits $38K as BTC price breaks above ‘line in the sand’ resistance ” Bitcoin (BTC) hit $38,000 on June 2 as a long-awaited bout of volatility saw a critical bull level return. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader has “strong belief” in upside incoming Data from Cointelegraph Markets Pro and TradingView showed…
“# Coinbase rival Kraken launches mobile crypto trading in US ” Major global cryptocurrency exchange Kraken has launched a mobile crypto trading application in a new move to boost industry adoption in the United States. The company announced Wednesday that its new app is now available for most of the United States as well as…
“# Fortunes turning? Specialized GPUs and SSDs come to aid crypto miners ” After an exceptional start to the year, the crypto market entered a bearish period in mid-May, causing some to reevaluate their stance on some of the fundamentals surrounding the crypto industry. The prolonged fall of Bitcoin (BTC) — by more than 50%…
“# Standard Chartered plans European crypto exchange after HSBC says ‘no’ to industry ” United Kingdom based multinational banking and financial services company Standard Chartered (StanChart) is launching a cryptocurrency exchange, reports say. According to Reuters on June 2, StanChart has partnered with Hong Kong exchange owner BC Technology Group to launch a platform for…
“# Dogecoin surges 40% on back of Coinbase Pro listing, Musk tweets ” Meme cryptocurrency Dogecoin (DOGE) gained more than 40% early on Tuesday morning, following its listing on Coinbase Pro and yet another flurry of tweets from self-appointed DOGE spokesperson Elon Musk. Coinbase announced the listing of Dogecoin on its pro trader platform, Coinbase…
“# Guggenheim’s new fund may seek exposure to Bitcoin, SEC filing shows ” Global investment firm Guggenheim Investments has filed with the United States Securities and Exchange for a new fund that may seek exposure to Bitcoin (BTC). According to a Tuesday filing, the new Guggenheim Active Allocation Fund will be a diversified, closed-end management…
“# Nasdaq listed Bitcoin miners urge China to open doors to green mining ” The CEO of Nasdaq-listed Canaan Inc, a China-based firm that specializes in Bitcoin (BTC) mining equipment, argued that China’s Bitcoin mining ban should make allowances for green-energy users during a conference call on Tuesday. Zhang Nangeng said that an indiscriminate ban…
“# Binance-backed Indonesian crypto exchange considers IPO ” Jakarta-based crypto exchange Tokocrypto is considering a public market debut over the next two or three years, Nikkei reports Wednesday. “I’m saying two years because we need to be profitable for at least more than two years before listing. We are already profitable now. Our key focus…
“# Pre-2019 Bitcoins now make up just 44% of the BTC active supply ” Bitcoin (BTC) is less active than at any time this year, new data shows as traders stubbornly refuse to sell. One metric from on-chain monitoring resource Glassnode reveals that the Bitcoin supply is becoming less and less available despite lower prices….