Category: Price Watch
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IOTA takes a nosedive following Trinity wallet hack
A vulnerability in Trinity, IOTA’s official wallet, has been exploited resulting in the theft of millions of dollars worth of this cryptocurrency. Although the IOTA Foundation has taken different steps to prevent a further attack, IOTA plunged over 12 percent following the hack. Trinity wallet has been compromised On Feb. 12, the IOTA Foundation released…
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Analyst: After failing to break $10,500, here’s why a Bitcoin correction may be imminent
The Bitcoin price is recovering after a pullback from $10,500, a level that is widely considered to be a heavy level of resistance. Analysts anticipate a revisit to the $9,000s in the short-term, but the sentiment remains highly optimistic. The last dip before the real Bitcoin rally Ahead of the Bitcoin reward halving in late…
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Bitcoin dips $400 overnight before retaking $10,500: Is this what a bull market looks like?
Bitcoin’s price action has left many wondering whether this is what a bull market looks like as the bulls and bears appear to be at war trying to gain control of the trend. Bitcoin is going wild The flagship cryptocurrency is going through a period of high volatility today. In fact, it plunged 4 percent,…
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Charles Hoskinson thinks a Cardano-powered stablecoin will “blow everyone out of the water”
The possibility of launching a stablecoin on the Cardano network has gone from rumor to major news, as Charles Hoskinson said that it would increase demand for ADA. The CEO of IOHK said that the company has been “thinking about stablecoins” for the past seven years and seems to be seriously considering it. Charles Hoskinson…
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Major European football league club FC Barcelona unites with Chiliz digital currency platform
In a move that can only serve to further adoption of cryptocurrency, major European football league club FC Barcelona today announced a new partnership with blockchain platform Chiliz. On its official Twitter page with 32 million followers, the Spanish club stated that fans will soon be able to use digital currency to earn voting rights…
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Bitcoin abruptly drops as it hits $10,500 causing panic in the market
Bitcoin has been on a near-relentless rally higher over the past 60 days, entering a clear uptrend after bottoming at $6,400 in December of 2019. It has gained 63 percent since the local bottom. Although this is already an impressive feat in and of itself, analysts expected the cryptocurrency’s prospects to turn even more optimistic…
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Analyst: this highly bullish signal suggests Bitcoin is about to see a strong upward movement
Bitcoin has continued pushing past the heavy resistance it has been navigating through over the past few days, with BTC’s recent break above $10,000 allowing it to slowly grind higher as many major altcoins begin building major momentum. BTC’s climb today has marked a slight extension of the uptrend that the cryptocurrency has been caught within…
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Basic Attention Token jumps 11% as Binance Futures launches BAT perpetual contracts
Binance announced the introduction of a new Basic Attention Token derivative product. Following the announcement, BAT surged nearly 11 percent, but a technical index estimates that a correction could be underway. Basic Attention Token derivatives on Binance In a recent blog post, the world’s largest cryptocurrency exchange by trading volume Binance revealed that it will…
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Bitcoin sets new 2020 high as analysts eye a move towards $12,000 next
After facing a couple of days of bearish price action yesterday, Bitcoin’s bulls have come out in full force, propelling the cryptocurrency back above the key $10,000 price region in an explosive early morning movement. This movement, which has shown some signs of stalling after the crypto was rejected at $10,400, came about during maintenance…
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Renowned technical analyst explains how to buy the Bitcoin dip
In a blog post, Sawcruhteez, a renowned financial analyst, explained that one of the most common mistakes that traders usually make when it comes to trading Bitcoin is missing out on “huge opportunities.” He pointed out that when this happens, it is very important to remain calm since “buying the bottom is often far less…