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“# Pro traders know it’s time to range trade when this classic pattern shows up ” A bull trend is formed when demand exceeds supply and a bear trend occurs when sellers overpower the buyers. When the bulls and bears hold their ground without budging, it results in the formation of a trading range. Sometimes,…
“# Analysts say this key metric suggests an altcoin season is at hand ” Bitcoin’s (BTC) 65% recovery from sub $29,500 on July 20 to a swing high at $48,200 on Aug. 14 took less than a month and helped bring fresh bullish momentum back to the crypto market and traders who were dreading the…
“# Team officially re-establishes Dogecoin Foundation after 6 years ” After several years of nearly total media silence, the Dogecoin Foundation is coming back to support core developers and projects benefiting the meme-based cryptocurrency. In a Tuesday announcement, the Dogecoin Foundation said it would be re-establishing itself in an effort to support the Dogecoin (DOGE)…
“# Strong fundamentals lure traders back to Audius, Raydium and Helium ” The cryptocurrency market found itself in a holding pattern on Aug. 17 as the price of Bitcoin (BTC) lingers below $46,000 and bulls regroup to plan their next attempt to push the price higher. Despite the struggles faced by many of the top…
“# US lawmakers urge CFTC and SEC to form joint working group on digital assets ” Two members of the United States House of Representatives have petitioned the heads of the Securities and Exchange Commission and Commodity Futures Trading Commission to work with participants in the crypto space for transparency and regulatory clarity. In a…
“# Major European music festival will allow fans to buy tickets using EGLD ” The Untold Festival, scheduled to be held in Romania next month, has partnered with the Elrond Network to allow concert goers to pay for their tickets in cryptocurrency. In a Tuesday announcement, Untold said that tickets for its 2021 festival could…
“# Crypto ‘here to stay,’ but its role is unclear, Columbia’s Kim Lew says ” Columbia Investment Management Company president and CEO Kim Lew thinks that cryptocurrencies are here to stay. “I think it will have profound effects,” she said in a recent interview, adding, “There are many different avenues that it can go.” Lew explained…
“# Thiel’s Valar Ventures leads 3rd raise for Bitpanda, at $4.1B valuation ” Vienna-based cryptocurrency broker Bitpanda has closed its third major private financing round led by Peter Thiel’s Valar Ventures. Raising $263 million, and drawing in new investments from British billionaire hedge fund manager Alan Howard and REDO Ventures, the company is now valued…
“# Minority communities are investing in crypto to escape financial discrimination ” A survey provided to USA Today by Harris Poll has found that Black, Hispanic, and LGBTQ Americans are significantly more likely to own crypto assets. According to surveys of 2,010 and 2,003 U.S adults conducted during June and July, 23% of Black Americans…
“# Analysts say $46,500 is the key level for Bitcoin to flip to support ” The double-digit rallies seen from many altcoins shows traders are becoming increasingly bullish with the passing of each day, but maintaining this momentum will to some extent depend on Bitcoin’s (BTC) short-term price action. Data from Cointelegraph Markets Pro and…