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Bitcoin Could Retrace to $9,000 if it Breaks Below This One Key Level

Source Node: https://bitcoinist.com/bitcoin-could-retrace-to-9000-if-it-breaks-below-this-one-key-level/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-could-retrace-to-9000-if-it-breaks-below-this-one-key-level
Time Stamp: August 12, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin is now hovering within the mid-$11,000 region following the intense bout of selling pressure it witnessed yesterday The decline beneath $11,200 was quickly absorbed by bulls, although BTC remains in a somewhat precarious position One analyst is pointing to massive support just below where the crypto is currently trading as a bullish factor That being said, other traders are cautioning that BTC is getting closer to a key level that could lead the crypto down to $9,000 if it is broken below Bitcoin and the aggregated cryptocurrency market is

Five Signs The 30% Band Protocol (BAND) Correction Is Just Starting

Source Node: https://bitcoinist.com/five-signs-the-30-band-protocol-band-correction-is-just-starting/?utm_source=rss&utm_medium=rss&utm_campaign=five-signs-the-30-band-protocol-band-correction-is-just-starting
Time Stamp: August 11, 2020 11:00 AM - Modified On: May 21, 2021 - Published By:
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Band Protocol is one of August’s best-performing crypto assets, right behind the showstopping Chainlink and other hot tokens. The altcoin is up over 300% month to date, but a 15% correction began overnight. Is this just a healthy pullback, or will the asset retrace further than most investors are prepared for? Here are five bearish signals that the Band crash may only be beginning.  DeFi And Decentralized Oracles Spark Mini-Crypto Bubble, 300% Returns Month-to-Date The cryptocurrency market is on fire, with nearly every asset posting major gains over the last

DeFi Tokens BAND, LINK, Outpace Bitcoin Price by Gaining 100% in 10 Days

Source Node: https://cointelegraph.com/news/defi-tokens-band-link-outpace-bitcoin-price-by-gaining-100-in-10-days
Time Stamp: August 10, 2020 5:35 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

This week Bitcoin (BTC) price is making waves as the digital asset finally pushed above the $12K mark, but prior to this move, altcoins have been strongly outpeforming BTC for weeks. Two of the most notable performers are Band Protocol (BAND) and Chainlink (LINK) as both surged by 348% and 88% in the past ten days. Each functions as an oracle blockchain network that supplies data to Decentralized Finance (DeFi) applications.Since the start of August, BAND price rose from $3.9 to as high as $17.78 and in the same period, LINK

Why Grayscale’s New Digital Currency Ad Could Bring Crypto Investing To Millions

Source Node: https://cointelegraph.com/magazine/2020/08/10/grayscale-ad-digital-currency-history-of-money
Time Stamp: August 10, 2020 9:16 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

This morning Grayscale, the world’s largest provider of cryptocurrency investment vehicles, temporarily turned its attention away from hoovering up the supply of Bitcoin to focus on arguably the most intractable problem in all of crypto: getting your stubborn friends and family on board.  Last Friday Grayscale founder and CEO Barry Silbert teased a massive ad buy on Twitter with the intention to “brrring crypto to the masses” — and this morning he delivered, with spots on CNBC, MSNBC, FOX, and FOX Business, among others. The Grayscale blog, meanwhile, pitches the

BitMEX Leaderboard Trader Fears Bitcoin Could See a Second “Flash Dump”

Source Node: https://bitcoinist.com/bitmex-leaderboard-trader-fears-bitcoin-could-see-a-second-flash-dump/?utm_source=rss&utm_medium=rss&utm_campaign=bitmex-leaderboard-trader-fears-bitcoin-could-see-a-second-flash-dump
Time Stamp: August 7, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bitcoin has slid lower over the past 24 hours as the cryptocurrency failed to surmount $12,000 in the latest leg higher. As of the time of this article’s writing, BTC trades for $11,600 — 5% shy of the local highs. Investors are still reeling from the flash crash that transpired approximately one week ago. While that was seemingly a black swan event, a trader is fearing a secondary event. The individual in question is a two-time BitMEX return on equity (ROE) leaderboard trader, meaning he has a strong track record.

Why Toppling Silver and Gold Prices Could Be Especially Bad for Bitcoin

Source Node: https://bitcoinist.com/why-toppling-silver-and-gold-prices-could-be-especially-bad-bitcoin/?utm_source=rss&utm_medium=rss&utm_campaign=why-toppling-silver-and-gold-prices-could-be-especially-bad-bitcoin
Time Stamp: August 7, 2020 11:09 AM - Modified On: May 21, 2021 - Published By:
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In March 2020, the stock market dragged cryptocurrencies down to their Black Thursday bottom. Since then, however, soaring gold and silver prices have helped restore interest in Bitcoin and altcoins. These hard, digitally scarce assets are expected to perform similarly to precious metals due to similar supply attributes. Still, it also could cause a disastrous crash in crypto as a result. Silver and Gold Rally Ready For Pullback And Dollar Stages Overdue Recovery The dollar has been in steady decline, with top financial market analysts from the likes of Goldman

Bitcoin Black Friday 2020 Will Host Major Discounts For BTC Payments

Source Node: https://bitcoinmagazine.com/articles/bitcoin-black-friday-2020-will-host-major-discounts-for-btc-payments?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-black-friday-2020-will-host-major-discounts-for-btc-payments
Time Stamp: August 4, 2020 4:10 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Before Bitcoin was a movement, it was a digital currency. While the store-of-value aspect of Bitcoin gets highlighted often, the permissionless payments side often doesn’t receive the attention it deserves. In 2012, Jon Holmquist embraced the Black Friday holiday in order to help Bitcoiners showcase the advantages of their favorite technology, launching BitcoinBlackFriday.com and hacking a mainstream cultural moment into a tool for Bitcoin adoption. In years past, thousands of merchants have participated in Bitcoin Black Friday, offering special discounts for those willing to pay in BTC. P2P marketplaces have

VET Geared For New Highs As VeChain Readies Latest Innovations

Source Node: https://insidebitcoins.com/news/vet-geared-for-new-highs-as-vechain-readies-latest-innovations
Time Stamp: August 1, 2020 9:09 AM - Modified On: May 21, 2021 - Published By:
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VeChain has seen a recent four-month rally, which only recently managed to die down. However, depending on the metrics you trust on the matter, a massive breakout event could happen, once more, which could see massive new highs for the currency. VeChain Getting The Best Of Things Of all the various cryptocurrencies the world has to offer thus far, VeChain stands as one that’s had a very good year of 2020. The pandemic may have caused a massive amount of chaos for the crypto industry at large, especially during Black