Learn How Trade Crypto
The Takeaway As bitcoin’s price edges up, secondhand mining equipment is becoming more profitable to run As a result, the price of used miners has nearly doubled in recent weeks, to $250-$320 for old Bitmain Antminers Somewhere between 220,000 and 700,000 mining units could come online this summer Newer, more powerful models won’t be shipped […]
Historical Precursor To Altseason Is Showing Its Face Fundstrat’s prominent head of research, Tom Lee, recently took to Twitter to remark that one of the “pre-conditions” for historical altcoin rallies is coming to life in the current cycle. This precursor, for those unaware, is a drop in the correlation between the crypto asset class at […]
BITCOIN’S HOURLY EMA RIBBON PROVIDING SUPPORT On the one-hour chart for Bitcoin, the exponential moving average (EMA) ribbon has, thus far, provided significant support for the price of BTC. Bitcoin chart provided by TradingView. The bitcoin price only dropped below the EMA ribbon once, on April 4 for a few hours, since commencing on its uber-bullish […]
Bitcoin and the rest of the cryptocurrency market have started Q2 off with an emphatic bang, having at one point increased the market’s total capitalization by nearly $40 billion since the beginning of April. Indeed, bitcoin led the market-wide charge on April 2, surging over 20 percent in a single hour – a move that had […]
The amount of people who currently partake in cryptocurrency investment every day shows a rise in the blockchain revolution. It has been reported that trading tokens on platforms like Bitcoin and Ethereum add more than 100,000 users each day. Global funding of blockchain-based startups has also increased from $550 million in 2016 to over $1 billion in 2017. As the blockchain industry continues […]
A Japanese company has launched an ERC-20-compliant stablecoin that it says offers “absolute decentralization, maximum security and a reliable source of stability in the face of volatility.” As its name suggests, USDDex is directly pegged to the United States dollar, helping traders to move their money into crypto without exposing themselves to the erratic price […]
The blockchain market is anticipated to grow to over $7.5 billion by 2024 according to a report by Grandview Research. This is largely due to its adoption across multiple industries as more companies emerge with different use cases for the technology. In a world filled with flaws in every major system, there is potentially no limit to the applications […]
With cryptocurrency’s recent upsurge in popularity, it’s safe to say that a Bitcoin revolution is on the horizon. Bitcoin means different things to different people. To some, it’s an overused industry buzzword that’s slowly starting to lose its meaning; to others, Bitcoin is going to revolutionize the way we do business. When the cash substitute […]
Israel-based social investing platform eToro has launched a cryptocurrency trading platform and wallet service in the U.S. The firm announced Thursday that the new platform allows U.S. customers from 31 states and territories to trade 13 unspecified cryptocurrencies. Multi-asset trading is also scheduled for launch in Q1 of next year. eToro’s “social” model allows users to […]
Crypto exchange Coinbase is launching support for XRP, the third-largest cryptocurrency by market capitalization. The exchange announced Monday it would be listing XRP on its professional trading platform, Coinbase Pro, in “transfer-only” mode, meaning customers can only deposit tokens to begin with. After a minimum of 12 hours, the company plans to activate other trading services, though […]