A crypto recession strategy for your startup

Crypto recession strategy is becoming a challenge for most startups during the COVID-19 induced recession in the global economy. The stock market collapsed and the cryptocurrency market especially the Bitcoin […] …

Historical analysis shows Bitcoin to soon exit multi-year bear market

While considering the macro-bearish economic backdrop that Bitcoin has traded against throughout the past couple of months, the cryptocurrency’s relative strength has made it one of the best performing major assets of this year. As for what this relative strength may mean for the cryptocurrency’s 2020 outlook, one analyst is noting that BTC’s fair price […]
The post Historical analysis shows Bitcoin to soon exit multi-year bear market appeared first on CryptoSlate. …

Bitfarms Streamlines Workforce As Coronavirus Threat Continues

Birfarms, a cryptocurrency mining outfit based out of Canada, would be trimming its staff. This is due to the coronavirus pandemic’s effects on its operations. […]
The post Bitfarms Streamlines Workforce As Coronavirus Threat Continues appeared first on InsideBitcoins.com. …

Options see 5% chance Bitcoin will hit $20,000 in 2020: Will it happen?

In February, when Bitcoin had retaken $10,000, traders were convinced that the cryptocurrency was well on its way to revisit and surmount the $20,000 all-time high established in Dec. 2017. In fact, one prominent crypto trader suggested BTC would do so before July, citing a confluence of technical and fundamental factors. But, to the surprise […]
The post Options see 5% chance Bitcoin will hit $20,000 in 2020: Will it happen? appeared first on CryptoSlate. …

Can Binance Coin (BNB) Overcome its Next Price Resistance at $15.50?

Key takeaways: In a previous BNB/USDT analysis, Ethereum World News had postulated that the coin would retest $14.  Traders and investors had been advised to keep an eye out for any bullish news that might propel BNB further.  Coincidentally, the exchange acquired Coinmarketcap soon after.  The coin has a short term resistance at $15.50. Will it break this area and continue on its upward trajectory? The news of Binance acquiring Coinmarketcap (CMC) was evidently bullish for Binance Coin (BNB) in […] …

Bitwise “increasingly bullish” on intermediate outlook for crypto, cites real money inflows

The Bitcoin price has made a V-shape recovery from $3,600, following a capitulation-esque fall on March 12. Since then, the crypto market has recovered rapidly, similar to gold in previous crises, cryptocurrencies could perform strongly in the medium to long-term. As CryptoSlate previously reported, gold demonstrated a close correlation with stocks in the early days […]
The post Bitwise “increasingly bullish” on intermediate outlook for crypto, cites real money inflows appeared first on CryptoSlate. …

Gemini Set to Incorporate Brave Tokens to Its Trading List

The open-source pay-to-surf browser, Brave, will soon have its signature token be given more trading options and will be done through Gemini. Adding Number 6 […]
The post Gemini Set to Incorporate Brave Tokens to Its Trading List appeared first on InsideBitcoins.com. …

Bitcoin whale refutes predictive power of stock-to-flow model, deems it “dangerous”

Many embattled cryptocurrency investors have been pinning their hopes for 2020 being a positive year for Bitcoin on its widely lauded stock-to-flow (S2F) economic model, which suggests that the benchmark crypto could be trading at roughly $100,000 by 2021. The S2F model, however, may be underpinned by false assumptions according to a recent report, and […]
The post Bitcoin whale refutes predictive power of stock-to-flow model, deems it “dangerous” appeared first on CryptoSlate. …

Why analysts are bullish after Bitcoin’s just saw an explosive 10% surge to $7,400

Over the past few days, bullish pressure has been building for Bitcoin; all throughout the last two weeks, the cryptocurrency has been forming an uptrend, registering a consistent series of higher lows and higher highs. On Apr. 6, this streak of strength culminated in an ongoing explosion higher for BTC, which just minutes ago forced […]
The post Why analysts are bullish after Bitcoin’s just saw an explosive 10% surge to $7,400 appeared first on CryptoSlate. …

Bitcoin Price Prediction: BTC/USD Breaks Consolidation Pattern; $8,000 Next?

Bitcoin (BTC) Price Prediction – April 6 The Bitcoin price increased by more than 6.90% today as the cryptocurrency makes its way above $7,245. BTC/USD […]
The post Bitcoin Price Prediction: BTC/USD Breaks Consolidation Pattern; $8,000 Next? appeared first on InsideBitcoins.com. …

Analyst: this simple Ethereum structure point towards a quick recovery to $200

The Ethereum price increased by 16 percent on the day against the U.S. dollar. Prior to the rally, analysts anticipated ETH to see a rapid recovery to $200 in the near-term. Josh Olszewicz, cryptocurrency technical analyst, was one of the few who observed an ascending triangle forming at larger time frames of the Ethereum chart. […]
The post Analyst: this simple Ethereum structure point towards a quick recovery to $200 appeared first on CryptoSlate. …

Even after the 50% crash, this Bloomberg analyst thinks Bitcoin is bullish: here’s why

It would be fair to say that Bitcoin didn’t perform too well in March. For those who have been living under a rock, the cryptocurrency shed more than 50 percent of its value on Mar. 12 and 13, plunging from a price just shy of $8,000 to lows at $3,800 in a dramatic fashion, liquidating […]
The post Even after the 50% crash, this Bloomberg analyst thinks Bitcoin is bullish: here’s why appeared first on CryptoSlate. …

Bitcoin Price Prediction: BTC/USD Bulls Take the Price Above the Critical $7,000

Bitcoin (BTC) Price Prediction – April 6 Looking at the daily chart, the Bitcoin price is trading in positive territory, up 4.85% in the second […]
The post Bitcoin Price Prediction: BTC/USD Bulls Take the Price Above the Critical $7,000 appeared first on InsideBitcoins.com. …

Why crypto? U.S. bank forcefully closed due to “longstanding capital” issues

Some say the timing was coincidental, but Bitcoin and the entire crypto ecosystem was born seemingly in response to the issues in traditional finance exposed by the 2008’s Great Recession, during which banks holding billions of dollars started to collapse. Case in point: in the first-ever block of the network, its pseudonymous creator Satoshi Nakamoto […]
The post Why crypto? U.S. bank forcefully closed due to “longstanding capital” issues appeared first on CryptoSlate. …

Bitcoin (BTC) Reclaims $7,000 as Global Efforts Against the Coronavirus Start to Bear Fruit

In brief: Bitcoin (BTC) has this morning reclaimed the $7,000 value once again.  Its movement is amidst global reports of some countries winning the war against the Coronavirus.  With halving only days away, Bitcoin might continue with its upward trajectory.  In our Saturday analysis of Bitcoin, Ethereum World News had advised a ‘wait and see’ approach with respect to the price action of BTC. This was due to the fact that the 50 and 100 MA on the 6-hour chart […] …

Massive Demand for Tezos could lead to an Unprecedented Price Hike

The Tezos cryptocurrency has done well in the market, with steady gains since last year. At a point a few months ago, the crypto coin […]
The post Massive Demand for Tezos could lead to an Unprecedented Price Hike appeared first on InsideBitcoins.com. …

Investors Intensify Their Complaint Against Stock Traders’ Crypto Ponzi Scheme

Despite the best efforts of many out there, cryptocurrency investment scams still exist and are running rampant in today’s world. It almost seems like you’ve […]
The post Investors Intensify Their Complaint Against Stock Traders’ Crypto Ponzi Scheme appeared first on InsideBitcoins.com. …

Here’s the simple reason why the new class-action lawsuit against 11 crypto companies may soon be dismissed

Some of the most prominent crypto companies in existence are now facing a torrent of coordinated class-action lawsuits, which accuse them of issuing and selling unregistered securities to unsuspecting investors. Some of the defendants include notable exchanges such as Binance, Bitmex, and KuCoin, as well as prominent blockchain and crypto companies like TRON, Block.one, and […]
The post Here’s the simple reason why the new class-action lawsuit against 11 crypto companies may soon be dismissed appeared first on CryptoSlate. …

Analyst: Ethereum is now “Bitcoin’s backbone” and big money is taking notice

There’s no doubt that Ethereum is an integral piece of the crypto market, with the massive amount of Dapps and platforms being built upon its blockchain accounting for important infrastructure within the industry. Ethereum’s importance has only increased in recent times alongside the growing Decentralized Finance (DeFi) trend that has swept through the industry, attracting […]
The post Analyst: Ethereum is now “Bitcoin’s backbone” and big money is taking notice appeared first on CryptoSlate. …

Big crypto firms are purportedly laying off staff, but others are on hiring sprees

Many tout Bitcoin and cryptocurrency for their uncorrelated natures, their ability to simply not care what the rest of the world is doing. But, this is seemingly not true; reports indicate that a number of crypto companies have begun to lay off staff or have paused their hiring processes most likely in response to the […]
The post Big crypto firms are purportedly laying off staff, but others are on hiring sprees appeared first on CryptoSlate. …

Bitcoin Price Analysis: After Failing to Reclaim $7,000, What’s Next for BTC?

In brief: Bitcoin exhibited some bullish momentum earlier on in the week.  BTC traded briefly at $7,200, dropped below $7,000 and then attempted, with no success, to reclaim this level as support.  However, we are back in familiar territory with $6,900 being the level to overcome once again.  On April fools day, keen crypto traders managed to identify $6,200 as a good support zone for Bitcoin and rode the $1,000 move that soon followed. The King of Crypto traded briefly […] …

Anchorage Trust Adds XRP To Asset List For Institutional Clients

Anchorage Trust Company, a qualified digital asset custodian company, has now officially added Ripple’s XRP token to its list of institutional custody solution assets. The […]
The post Anchorage Trust Adds XRP To Asset List For Institutional Clients appeared first on InsideBitcoins.com. …

Volatility strikes back, but on-chain metrics reveal strong resistance ahead of Ethereum

The cryptocurrency market has gone through a bullish impulse that saw many cryptos rise substantially, including Ethereum. Now, on-chain metrics reveal that Ether could face significant resistance ahead. Volatility is back and Ethereum benefits from it Ethereum started off Q2 on the right foot. The smart contracts giant jumped over 13 percent from a monthly […]
The post Volatility strikes back, but on-chain metrics reveal strong resistance ahead of Ethereum appeared first on CryptoSlate. …

Oil volatility following Trump tweets brings crypto traders to PrimeXBT

Few asset classes are as known for their volatility as cryptocurrencies like Bitcoin, Ethereum, and others are. Because these young digital asset valuations are driven primarily by speculation and hype, they are especially susceptible to wild price swings. However, today, it was the oil market that experienced crypto-like gains, causing the price per barrel of […]
The post Oil volatility following Trump tweets brings crypto traders to PrimeXBT appeared first on CryptoSlate. …