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Cryptocurrency News

Wed, Jul 8th, 2020
After 150% TikTok Pump, Jake Paul Says Dogecoin (DOGE) Is “Gonna Go Crazy”

Forget Bitcoin and Ethereum, Dogecoin (DOGE) has been on an absolute tear over the past few days. Just look at the chart below, which shows that the meme cryptocurrency is up more than 150% in the past...

Ethereum Embarks on a “Moon Mission” as Analysts Eye a Move to $290

Ethereum is beginning to flash some signs of strength as it pushes up against the upper boundary of its long-established trading range between $230 and $250. If it can surmount the resistance it is currently...

Bitcoin Volatility Reaches Low Set Ahead Of April 2019 Rally, Will History Repeat?

Bitcoin has been uncharacteristically stagnant for over two full months now. The trading range has been tightening, which has led to record low levels of volatility in the otherwise volatile asset. But...

VeChain (VET) Rallies 100% in a Week: Has the Surge Topped Out?

It isn’t only Cardano, Chainlink, and DeFi coins that are rallying at the moment. VeChain (VET), one of the hottest crypto properties of the last bubble, is up 20% in the past hour alone. Stepping back...

Cardano Has More Room to Go Up Based On These On-Chain Metrics

One of the so-called “Ethereum killers,” Cardano has made it to the headlines of the cryptocurrency market after the 80% bull run it has seen over the past week. The increasing buying pressure behind...

Chainlink (LINK) Enters “Price Discovery Mode” as Analysts Eye Move to $11

Chainlink (LINK) is once again entering another parabolic uptrend, with this one coming about in tandem with the surge seen across the aggregated crypto market. The cryptocurrency’s intense uptrend has...

Bybit Launches Global Trading Contest with 200 BTC Prize Pool

Singaporean crypto derivatives exchange Bybit has announced that it will soon launch a bi-annual trading competition with a 200 BTC ($1.8 million) prize pool. Dubbed the “World Series of Trading” or...

Here’s How Bitcoin Could Crush the Ongoing Altcoin Rally

Bitcoin is flashing some signs of strength as it pushes towards $9,400. This marks a break above the resistance it has faced at $9,300 over the past week. Although BTC has only climbed slightly today,...

Five Key Numbers Paint an Optimistic Picture For Ethereum in Q3 2020

Ethereum has had a solid year so far, backed by an apparent increase in user activity and demand for ETH. Five crucial metrics portray the optimistic medium-term outlook on the dominant smart contracts...

ONE44 Analytics Bitcoin

Bitcoin is caught between two major retracements

How Two Venture Funds Secured 170% Gains From Just One Crypto Bet

An early investment into Numeraire (NMR) crypto returned 170 percent gains to two venture funds. Crypto-focused investment firms Placeholder and Paradigm led an $11 million round in the Numerai blockchain’s...

More Pain for Bitcoin as Citigroup Warns S&P 500 May Fall by 10%

Bitcoin expects to go through a shaky third-quarter on growing worries about a stock market correction. Citigroup sees the S&P 500 rally to drop by at least 10 percent from its current levels, with a worst-case...

Bitcoin Is at the Apex of a Multi-Month Pattern — and Bulls Are in Control

Even taking Bitcoin’s Monday pump from $9,000 to $9,400 into account, the cryptocurrency is still in a macro consolidation. Some traders have joked that considering the length of BTC’s consolidation...

Bitcoin Likely To Target Fresh Monthly High Above $9,400

Bitcoin traded as high as $9,377 before starting a downside correction against the US Dollar. BTC is currently up holding the $9,200 support and it could continue to rise steadily. Bitcoin is trading in...

Cardano (ADA) Surges 30% in 24 Hours, Surpassing Bitcoin SV

Bitcoin has stagnated around $9,300 but this hasn’t stopped Cardano (ADA) from surging higher. The altcoin is up over 30% in the past 24 hours, surging higher on an influx of buying volume across all...

The S&P 500 Just Formed a Crucial Breakdown — and Bitcoin May Follow

Leading Bitcoin higher, global stock markets saw an extremely strong performance on Monday. As covered by NewsBTC, the Shanghai Composite index and the FTSE China A50 index both set new all-time highs...

The CME is Losing Its Bitcoin Options Market Dominance

The options market is becoming a prominent part of Bitcoin’s ecosystem, with the total open interest seen across all platforms rocketing higher in recent times. Late last month, the benchmark digital...

Crypto Asset Goes Viral, As TikTok Users Plan Coordinated Pump

One particular “practically worthless” crypto asset is going viral on TikTok. Users are attempting to pump the price of the altcoin to $1 or more, through the power of the social media app. The altcoin’s...

What Death Spiral? Bitcoin Hash Rate Surges to Fresh All-Time High

After the block reward halving, many analysts in the Bitcoin space expected a “death spiral.” The term is one created by a professor who, in 2018 speculated that BTC could fall to $0 due to a collapse...

Bitcoin Futures Premium Shows That Institutions are Bullish on BTC

Bitcoin futures have seen a rising premium over spot BTC in recent months, which seems to indicate that traders are bullish on the benchmark cryptocurrency. This premium is particularly clear while looking...

Chart of the Day

Drdgold Ltd (DRD)

The Barchart Chart of the Day belongs to the gold producer DRDGold (DRD). I found the stock by sorting Barchart's Top Stocks to Own list first by the most frequent number of new highs in the last month, then used the Flipchart feature to review ...
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