weekly

Ham to Improve on Yam With Latest DeFi Experiment

Source Node: https://beincrypto.com/ham-to-improve-on-yam-with-latest-defi-experiment/
Time Stamp: August 18, 2020 1:13 PM - Modified On: May 21, 2021 - Published By:
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The Yam yield farming frenzy that took DeFi by storm last week highlighted a number of elements that could have been improved with the launch. A new offering called Ham aims to right the wrongs and improve on Yam with a truly community-driven project. There were several flaws with the Yam launch, but the ultimate reason was that it had to be rescued by whales. This pretty much negates any progress made on the path to becoming a truly democratic and community-governed monetary system. A migration plan proposed late last

Weekly Bitcoin and Cryptocurrency Market Analysis

Source Node: https://bitcoinist.com/weekly-bitcoin-and-crypto-market-analysis/?utm_source=rss&utm_medium=rss&utm_campaign=weekly-bitcoin-and-crypto-market-analysis
Time Stamp: August 18, 2020 4:28 AM - Modified On: May 21, 2021 - Published By:
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Simon Peters, market analyst: Bitcoin Teases Us At $12,000  Suffice it to say, it was a busy week, with mixed performance in equity markets and odd – but not unpromising – movements for bitcoin. The FTSE All-Share index and the STOXX600 both recorded steady rises, while the S&P500, which started the week at 3,352, took a turn for the worse on Wednesday. After its drop to 3,335, it has since recovered to 3,372. Bitcoin broke through $12,000 on Monday, only to suffer a significant fall to $11,275 by Wednesday morning.

Here are the Levels Analysts are Watching That Will Determine Bitcoin’s Future

Source Node: https://bitcoinist.com/here-are-the-levels-analysts-are-watching-that-will-determine-bitcoins-future/?utm_source=rss&utm_medium=rss&utm_campaign=here-are-the-levels-analysts-are-watching-that-will-determine-bitcoins-future
Time Stamp: August 17, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has been trading within a large  range throughout the past several weeks This has done little to offer investors with insights into the cryptocurrency’s mid-term trend That being said, bulls are now striving to break above the upper boundary of this range, with a confirmed and sustained break being an incredibly bullish sign for BTC Top traders are still expressing caution when it comes to the cryptocurrency’s short-term outlook One trader is noting that a failure for BTC to post a new high above $12,000 would be a grim

Will Ethereum’s Strong Weekly Close Be Enough to Propel It Higher?

Source Node: https://bitcoinist.com/will-ethereums-strong-weekly-close-be-enough-to-propel-it-higher/?utm_source=rss&utm_medium=rss&utm_campaign=will-ethereums-strong-weekly-close-be-enough-to-propel-it-higher
Time Stamp: August 17, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum has been hovering between $420 and $430 for the past few days, with the resistance found around $450 sparking a prolonged consolidation phase The cryptocurrency has been unable to extend its recent upwards momentum after facing a rejection at this level This has pointed to some underlying short-term weakness, although its long-term outlook remains incredibly bright Analysts are now noting that the token may be well-positioned to see significantly further upside after it sees a low-time-frame dip This potential strength comes after it closed its daily and weekly candle

Cryptocurrency News Roundup for August 17, 2020

Source Node: https://beincrypto.com/cryptocurrency-news-roundup-for-august-17-2020/
Time Stamp: August 17, 2020 2:30 PM - Modified On: May 21, 2021 - Published By:
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More than nine out of ten bitcoins in supply are currently in the money, meaning they have yielded a higher return-on-investment for their owners over time. And this profitability is not just confined to the alpha-crypto. According to new data from cryptocurrency analytics firm, IntoTheBlock, nearly 95% of all Chainlink (LINK) and 94% of all VeChain (VET) addresses are currently in profit. In fact, barring a few exceptions such as Litecoin (LTC), most of the major wallet-bound altcoins are earning sizeable profits for their holders. More on that and other

Bitcoin is Poised to Push Towards $14,000 After Posting Bullish Weekly Close

Source Node: https://bitcoinist.com/bitcoin-is-poised-to-push-towards-14000-after-posting-bullish-weekly-close/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-is-poised-to-push-towards-14000-after-posting-bullish-weekly-close
Time Stamp: August 17, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has continued consolidating within the upper-$11,000 region overnight This extended period of sideways trading has come about despite it facing multiple recent rejections at $12,000 Its inability to break above this level has so far not led it to see any notable near-term downside, with $11,700 becoming a strong level of support This support level was previously a crucial resistance that it was struggling to close above Yesterday marked the first daily – and weekly – close that the cryptocurrency had been able to post above this crucial level

Bitcoin Blasts Back Above $12,000, Sets New High For 2020

Source Node: https://bitcoinist.com/bitcoin-blasts-back-above-12000-sets-new-high-for-2020/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-blasts-back-above-12000-sets-new-high-for-2020
Time Stamp: August 17, 2020 11:04 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin’s price this morning blasted clean above $12,000 for yet another attempt to hold above the key level. The latest move also has set a new high for the year. Will this latest performance from bulls lead to a much stronger push higher to retest $14,000, or after so many weeks of positive momentum, is the trend started to near its end? New 2020 Record High Set For BTCUSD After Monday Morning Mayhem This morning, to start off the week with as Monday morning trading activity started across the US,

Here’s the Level Bitcoin Traders Should Be Watching for the Weekly Close

Source Node: https://bitcoinist.com/level-bitcoin-traders-watching-weekly-close/?utm_source=rss&utm_medium=rss&utm_campaign=level-bitcoin-traders-watching-weekly-close
Time Stamp: August 16, 2020 6:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin’s weekly candle close is coming up. It is set to take place in around two hours after this article’s publishing time. BTC is trading flat in the past 24 hours, having found support in the $11,800 region. Bitcoin traded at $12,000 on Saturday. The weekly candle close has long been an important event to watch for traders across the industry. Here’s the level that analysts are watching for Bitcoin to confirm their bullish bias moving forward. If BTC closes above the level in question, there are analysts eyeing a

Ethereum Price Falters Around $430 as ETH2 Testnet Experiences Outage

Source Node: https://bitcoinist.com/ethereum-price-falters-430-eth2-testnet-outage/?utm_source=rss&utm_medium=rss&utm_campaign=ethereum-price-falters-430-eth2-testnet-outage
Time Stamp: August 16, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum’s price has begun to falter after surging higher late last week. The cryptocurrency trades at $430 as of this article’s writing, which is a few percent below and a few percent above the local highs and lows, respectively. ETH is flat in the past 24 hours, trading down by a negligible 0.15%. The stagnation in the value of the leading cryptocurrency comes as the Ethereum 2.0 (ETH2) testnet has experienced an outage. It is unclear if the price action and outage are correlated, but ETH2 is a fundamental driver.

Ethereum Faces a Critical Weekly Close as Bears Shatter Key Support

Source Node: https://bitcoinist.com/ethereum-faces-a-critical-weekly-close-as-bears-shatter-key-support/?utm_source=rss&utm_medium=rss&utm_campaign=ethereum-faces-a-critical-weekly-close-as-bears-shatter-key-support
Time Stamp: August 16, 2020 3:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum has been struggling to maintain its momentum ever since it peaked within the $440 region The cryptocurrency is now trading right around a crucial support level that bears were able to shatter overnight Bulls are now moving the reclaim the cryptocurrency’s position above this level Whether or not it can hold above this level as its weekly close fast approaches should provide investors with significant insight into its near-term outlook Analysts are noting that a firm close above this level could allow it to see a sharp and swift

Here’s How High One Trader Expects Bitcoin to Climb Before Forming a Top

Source Node: https://bitcoinist.com/heres-how-high-one-trader-expects-bitcoin-to-climb-before-forming-a-top/?utm_source=rss&utm_medium=rss&utm_campaign=heres-how-high-one-trader-expects-bitcoin-to-climb-before-forming-a-top
Time Stamp: August 16, 2020 12:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin faced yet another $12,000 rejection yesterday that caused the cryptocurrency’s price to reel down towards $11,700 This level appears to have been established as support, as buyers ardently defended against any break below it It now appears that the crypto’s short-term technical outlook remains unchanged, as BTC is still consolidating within the upper-$11,000 region As for where it may go next, one analyst explained that he is looking towards $13,000 as a near-term target He does note that the visit to this level may mark a mid-term top for