cryptocurrency trading

Bitcoin Consolidates Below $24,000 After Bullish Weekend Rally

Source Node: https://beincrypto.com/bitcoin-consolidates-below-24000-after-bullish-weekend-rally/
Time Stamp: December 21, 2020 3:37 AM - Modified On: May 21, 2021 - Published By:
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The Bitcoin (BTC) price has reached a bullish weekly close well above the previous long-term resistance area. BTC is currently consolidating just below $24,000 and is expected to break out once more.   Bitcoin Long-Term Movement During the week of Dec 14-21, BTC created a massive bullish candlestick, convincingly breaking through the $19,500 area to reach a high of $24,295. BTC is now in price discovery, having no resistances left to clear above the current price. Technical indicators are still bullish, despite showing that the rally is extremely overbought. BTC

Impact of COVID-19 on Cryptocurrency Trading

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Time Stamp: December 19, 2020 7:19 AM - Modified On: May 21, 2021 - Published By:
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  The popularity of cryptocurrency trading continues to rise as we’ve already experienced a digitally-connected lifestyle in the 21st century. A new set of rules fuels the digital century, including the top-performing cryptocurrency trading. However, the COVID-19 has brought everyone and everything else on the planet to their knees. How is the recent pandemic affecting the cryptocurrency trading sector? Here’s every must-know regarding the COVID-19’s impact on cryptocurrency! COVID-19 hasn’t only impacted how people across many countries work, shop, live, travel, and collaborate, but it has also affected the stock

XRP Reverses and Pumps By Nearly 50%

Source Node: https://beincrypto.com/xrp-reverses-and-pumps-by-nearly-50/
Time Stamp: December 18, 2020 10:27 AM - Modified On: May 21, 2021 - Published By:
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While the XRP price has been decreasing since Nov. 24, it reversed its trend on Dec 16, at one point having increased by 50% in less than two days. XRP could correct towards $0.52 and is likely to resume its upward movement afterward. *Note – This article will mostly deal with the short-term movement that has been taking place over the past three days. For a longer-term analysis, please click here. Reversal Leads to Breakout XRP has been falling since Nov. 24, when it reached a high of $0.79. The

Bitcoin Stumbles on Approach to Yet Another All-Time High

Source Node: https://beincrypto.com/bitcoin-stumbles-on-approach-to-yet-another-all-time-high/
Time Stamp: December 15, 2020 4:29 AM - Modified On: May 21, 2021 - Published By:
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The Bitcoin (BTC) price reached a new all-time high on Dec. 1 but was not able to sustain the increase and has dropped back slightly since. However, the price movement suggests that Bitcoin will soon make yet another attempt at breaking out, though a short-term correction could occur prior.   Bitcoin All-Time High Resistance The weekly chart shows that BTC is trading very close to a long-term resistance area, created by the all-time highs near $19,600. Last week, BTC created a hanging man candlestick, which is commonly considered a bearish

Cardano (ADA) Breakout Could Mean New Yearly Highs on the Horizon

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Time Stamp: December 14, 2020 4:04 AM - Modified On: May 21, 2021 - Published By:
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The Cardano (ADA) price has been rejected by a long-term resistance level at $0.17. It has not reached a long-term close above this resistance since June 2018. As long as Cardano is trading inside this bullish structure, it is expected to break out and eventually be successful in finally moving above this resistance zone.   Long-Term Cardano Levels The ADA price has been increasing since March. It moved above the $0.095 resistance area in June, reaching a high of $0.171 before dropping in order to validate the $0.095 area as

COTI Struggles to Sustain Highs After Move Above Resistance

Source Node: https://beincrypto.com/coti-struggles-to-sustain-highs/
Time Stamp: December 4, 2020 1:30 PM - Modified On: May 21, 2021 - Published By:
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COTI (COTI) has been increasing alongside an ascending support line since it reached a bottom on Nov. 3. Nevertheless, COTI is expected to break down from this line and drop towards the support levels outlined below.   COTI Increases Alongside Support The COTI price has been moving upwards since Nov. 3, when it reached a low of $0.025. Since then, COTI has been following an ascending support line, validating it numerous times in the process. While COTI broke out above the $0.04 resistance area and validated it as support afterward,

Gemini Set to Bring Crypto Custody and Trading Services to RIAs

Source Node: https://beincrypto.com/gemini-set-to-bring-crypto-custody-and-trading-services-to-rias/
Time Stamp: August 18, 2020 3:29 PM - Modified On: May 21, 2021 - Published By:
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In another plus for institutional cryptocurrency adoption in the United States, Gemini is offering crypto custody and trading services to registered investment advisors (RIAs). The move comes as a result of a partnership between Gemini and Blockchange, a crypto investment firm focused on wealth managers. Full-Spectrum Crypto Services for RIAs According to a press release issued by Blockchange on Tuesday, the collaboration with Gemini will enable the provision of institutional-grade cryptocurrency trading and custody solutions. Both companies aim to become a “one-stop-shop” for crypto trading and custody for big-money investors.

Polish Financial Watchdog Impersonated by Crypto Scammers

Source Node: https://cointelegraph.com/news/polish-financial-watchdog-impersonated-by-crypto-scammers
Time Stamp: August 8, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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The Polish Financial Supervision Authority, or PFSA, issued a warning on the surge of scammers offering fake crypto investment opportunities, which they claim to be the only authorized investment fund in Poland.The scammers call potential victims by asking them to sell or buy cryptocurrencies through the fake fund, but first, they should send the cryptos to the PFSA compliance team’s wallet to verify the legality of the transactions and then, the regulator clears the payment to be deposited in the unexistent fund.The watchdog has been aggressive towards crypto in the

Slow But Steady: FATF Review Highlights Crypto Exchanges’ Struggle to Meet AML Standards

Source Node: https://cointelegraph.com/news/slow-but-steady-fatf-review-highlights-crypto-exchanges-struggle-to-meet-aml-standards
Time Stamp: August 8, 2020 9:00 AM - Modified On: May 21, 2021 - Published By:
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In June 2019, the intergovernmental Financial Action Task Force (FATF) introduced its revised set of standards for virtual asset service providers. The document establishes the anti-money laundering and counter-terrorism (AML/CFT) requirements that regulated VASPs —  the term mainly referring to cryptocurrency trading platforms — must eventually implement in their day-to-day operations. The guidelines are framed as recommendations, and the FATF leaves it to the participating nations’ governments to develop their own regulations in accordance with suggested principles.The watchdog has also set a 12-month review timeframe to monitor the public and

Analyst Explains Reasons Bitcoin Price Could Fall Back to Lower $10Ks

Source Node: https://bitcoinist.com/analyst-explains-reasons-bitcoin-price-could-fall-back-to-lower-10ks/?utm_source=rss&utm_medium=rss&utm_campaign=analyst-explains-reasons-bitcoin-price-could-fall-back-to-lower-10ks
Time Stamp: August 7, 2020 4:42 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin is facing risks of a price correction towards $10,000, according to a TradingView analyst. He spotted the cryptocurrency trading near its weekly resistance level, noting that it may amount to profit-taking action among traders. Nevertheless, he also asserted that Bitcoin is in a bull market, adding that the price would likely bounce back from its $10,000-lows. Bitcoin’s efforts to log a breakout move above $12,000 may fail as selling sentiment grows near the said level. The benchmark cryptocurrency risks breaking lower after retesting the $12,000-mark, says a TradingView.com analyst