NewsBTC News


Why Bitcoin is Building Up Steam for a Push Higher Despite Slowing Momentum

Bitcoins intense uptrend seen throughout the past couple of days has allowed it to navigate towards its crucial high time frame resistance region that sits at $10,500. The crypto came incredibly close to tapping this price level earlier today, but the sel...

NewsBTC

07/27/2020

This Data Metric Shows Ethereum is at a Make or Break Price Level

Ethereums price has been driven higher by a massive influx of buying pressure seen throughout the past several days. The intensity of its uptrend has even been enough to drive Bitcoins price higher as well, with the benchmark cryptocurrency flying past it...

NewsBTC

07/27/2020

This Golden Bull Market Factor Predicts Bitcoin Will Rocket to $14k

Bitcoin price has broken up out of its trading range and has potentially also broken out of a massive, multi-year triangle. If the breakout can hold and confirm, the first logical target according to an important bull market factor would be $14,000. Bulls...

NewsBTC

07/27/2020

DOTUSDT and FILUSDT Become the Latest Perpetual Swap Products on OKEx

OKEx, one of the popular cryptocurrency spot and derivatives exchange platforms has added two new trading instruments to further expand its derivatives offering. The latest perpetual swap products to find a place for themselves on the list are DOTUSDT and...

NewsBTC

07/27/2020

Two Bearish Signals, One Indicator: Bulls Beware of Bitcoin Push Beyond $10,000

After trading sideways for several months, Bitcoin may be ready to not only break out of the trading range but also break out from its multi-year triangle pattern. However, bulls must beware of the latest push beyond $10,000 triggering not one, but two se...

NewsBTC

07/27/2020

Bitcoin Just Posted an Ultra Bullish Technical Formation Not Seen Since 2017

Bitcoins intense rally seen yesterday evening allowed it to surmount multiple heavy resistance levels that were previously suppressing its price action. The cryptocurrency has also bolstered its technical outlook, with multiple factors now working firmly ...

NewsBTC

07/27/2020

DeFi Token LEND Breaks Parabola Support; More Losses Ahead?

LEND, the native token of non-custodial lending platform Aave, fell almost 40 percent from its year-to-date top of $0.384. The plunge followed a steep 2,000 price rise that occurred amid a hype-oriented boom in the decentralized finance sector. Technical ...

NewsBTC

07/27/2020

Why Cardano (ADA) Founder Predicts Big Ecosystem Growth in 2021

IOHK CEO Charles Hoskinson shared his prediction for the future of the Cardano ecosystem, in which he sees a project rivaling Ethereum in terms of the number of assets and dApps running on the platform. This time next year I predict there will be hundreds...

NewsBTC

07/27/2020

OKEx C2C Loans Now Available Against OKB as Collateral

The leading crypto spot and derivatives exchange platform OKEx has now started to accept the OK Blockchain Foundations global utility token OKB as collateral for C2C Loans. Apart from OKB, the platform also accepts collateral deposits in the form of Bitco...

NewsBTC

07/27/2020

Bitcoin Chart Allegedly Linked to Citibank Projects Price at $120K

Bitcoin price could hit $120,000 in the coming years, according to a chart with alleged links to Citibank. The unverified image, first shared by Altana Digital Currency’s CIO Alistair Milne, depicts Bitcoin in a 2.5 years-long bull run. It also high...

NewsBTC

07/27/2020

Despite Bitcoin Surge Towards $10k, Analyst Thinks a Drop to $7k Is Possible

It’s been an impressive past few days for the Bitcoin market. The leading cryptocurrency started the week at around $9,200, but now BTC trades at $9,700 after managing to benefit from a rally in the price of Ethereum. With the recent price action, a...

NewsBTC

07/25/2020

Heres the Level Bitcoin Needs to Break to See a Textbook Swing to $10,500

Bitcoins price action in the time following its break above its multi-week trading range between $9,100 and $9,300 has been quite positive. The cryptocurrency is now starting to stabilize around $9,600, and buyers are slowly pushing through the key resist...

NewsBTC

07/25/2020

Analyst: yEarn Finance (YFI) DeFi Rally Is Contender For Crypto Markets Fastest 100x

Decentralized finance is absolutely on fire, and so is every crypto token in the segment. The latest token to take off due to the unstoppable trend is yEarn Finance. According to a well-known crypto analyst and podcaster, YFI may be a contender for the fa...

NewsBTC

07/25/2020

Bitcoin Just Closed Above a 3-Year Trendline Formed At 2017s $20k High

Bitcoin is finally moving higher after weeks of boring consolidation. In the past seven days, the asset has rallied around 4.5%. A small performance, sure, but one impressive when considering how stagnant large-cap cryptocurrency market has been over rece...

NewsBTC

07/25/2020

Crypto Tidbits: Ethereum Surges 20%, US Banks Can Hold Bitcoin, DeFi Still in Vogue

Another week, another round ofCrypto Tidbits. At long last, Bitcoin and other large-cap cryptocurrencies are breaking higher. The market leader, for once, has posted a strong move over the past seven days, moving as high as $9,690. The pivotal $9,700 resi...

NewsBTC

07/25/2020

$5 Million Worth of Bitcoin From Bitfinexs 2016 Hack Just Moved

While the winnings of a bank heist can be hard to track, it’s a different story for Bitcoin and crypto hacks. Unless hackers use mixing and privacy technologies, the coins they steal from exchanges and individuals can be tracked through the blockcha...

NewsBTC

07/24/2020

Why One Prominent Chess Grandmaster is Bullish on Bitcoin Adoption

Bitcoin could be an integral piece to progressing the game of life, according to chess grandmaster Garry Kasparov. In a recent interview, the man widely considered to be one of the greatest chess players ever lauded Bitcoin, explaining that the decentrali...

NewsBTC

07/24/2020

Bitcoin Is Officially Money, Says U.S. Federal Court: Why Its Not a Big Deal

In the United States, occasionally, court decisions set a precedent for future interpretations of the law. Due to such circumstances, Bitcoin just became officially considered “money” under a US federal court ruling. However, the Director of C...

NewsBTC

07/24/2020

Bitcoin Is At a Pivotal Level That May Rapidly Boost BTC to $10,400

It’s been an explosive past week for Bitcoin. After flatlining around $9,200 for weeks, the leading cryptocurrency surged as high as $9,690 on top exchanges during Thursday’s trading session. The cryptocurrency has since been rejected at that ...

NewsBTC

07/24/2020

Why Traders Dont Think Chainlink (LINK) Will Set Fresh Highs Anytime Soon

Following the parabolic rally that Chainlink saw just a couple of weeks ago, the cryptocurrency has been struggling to garner any significant momentum. Its price has remained stagnant, mostly trading below $8.00 as its buyers attempt to catalyze further b...

NewsBTC

07/24/2020

Heres the Crucial Level That Could Spark an Ethereum Rally to $1,000

Ethereum is currently in the process of consolidating following its immense uptrend seen throughout the past couple of days. The cryptocurrency is showing some signs of strength as it trades within the $270 region. It is a strong possibility that the two ...

NewsBTC

07/24/2020

Heres Why VISAs Mentioning of Bitcoin Is Positive For the Space

Pundits of cryptocurrencies and Bitcoin supporters alike all agree, that the biggest barrier to adoption is mainstream acceptance. It won’t be until crypto achieves VISA-level penetration that the asset class has a chance to replace cash. But how fa...

NewsBTC

07/24/2020

After Parabolic Rally, Altcoins May Soon Retrace Against Bitcoin: Indicator

Bitcoin dominance has been plummeting recently letting altcoins have their time in the crypto market spotlight for a change. But as altcoins begin to correct, BTC dominance is signaling that the asset is about to recover from the altcoin market’s ra...

NewsBTC

07/24/2020

Maker (MKR) Network Activity Explodes While Prices Face Stiff Resistance Ahead

In a recent blog post, the worlds largest cryptocurrency exchange by trading volume Binance revealed that it was going to list Maker on its retail trading platform. Since July 23, users are able to deposit and trade the DeFi Token in their respective acco...

NewsBTC

07/24/2020

What In The World Caused A 700,000% Flash Pump In Ampleforth?

In a flash, Ampleforth, yet another DeFi project vying for its share of the booming market, just experienced a 700,000% pump on crypto platform FTX. Minutes later, the asset crashed right back down a full 99.99%, leaving some traders scratching their head...

NewsBTC

07/24/2020

Bitcoin Driven Higher by Accumulation Trend as Economist Forecasts Upside

Bitcoins recent price action has been rather lackluster compared to that seen in months and years past. For many weeks, the cryptocurrency was caught within a $200 trading range between $9,100 and $9,300. It has since broken out of this range and is flash...

NewsBTC

07/24/2020

Ethereum Bull Flag Breakout Could Set Price En Route to $350; Heres Why

Ethereum broke out of its sideways range on July 21, eventually establishing a quarter-to-date high at $280.76. The breakout move also confirmed a Bullish Flag pattern, a continuation signal that occurs as a brief pause following a significant price move ...

NewsBTC

07/24/2020

Former Nissan Boss Paid $500k in Crypto to Evade Corporate Conspiracy

The son of former Nissan chairman Carlos Ghosn made $500k in crypto payments to help secure the escape of his father from Japanese authorities. The case goes back as far as November 2018, when police first arrested Ghosn in Tokyo on charges of underreport...

NewsBTC

07/24/2020

Heres Why the Binance CEO is Skeptical About Bitcoins Safe Haven Status

Many believe that the next catalyst for Bitcoins growth will be its positioning as a safe haven asset that investors turn to protect their capital from shrinking due to inflation and economic turbulence. Although theres no doubt that Bitcoin is fundamenta...

NewsBTC

07/23/2020

XRP: Can Mathematical Targets For Ripple Realistically Reach $26?

XRP is often the butt of many jokes across the crypto space due to general distaste toward the altcoin and years of underperformance. But one of the biggest running jokes going is a call made for $589 per token, considered a mathematical impossibility. Ho...

NewsBTC

07/23/2020

Bitcoin is Just an Inch Away from Starting a Nosedive to $7,000; Heres Why

Bitcoin and the aggregated crypto market are currently stabilizing following the turbulence seen yesterday. This volatility allowed Bitcoin to break out of its tight trading range and secure a position above its previous range highs of $9,300. Concurrentl...

NewsBTC

07/23/2020

Ethereum at $243 Is Hilarious, Says Analyst as ETH2 and Staking Near

Since the start of the year, Ethereum has done rather well. Per data from TradingView, the leading altcoin is trading approximately 80% higher than the price it started 2020 at. Analysts expect ETH to rally further in the months and years ahead as the und...

NewsBTC

07/22/2020