Current Price $541.27
“Traditional Crypto-Pump groups are being copied and legitimized by WallStreetBets,” Jehan Chu, co-founder and managing partner at Kenetic Capital, told CoinDesk. XRP rallied hard on Saturday in a move similar to a crowd pump recently observed in out-of-favor stocks such as GameStop. The cryptocurrency jumped 56% to $0.50944 to hit the highest level since Dec. 22, according to CoinDesk 20…
It’s been a wild week in the markets, but just when you think it can’t get any wilder, in swaggers Elon Musk and a $6k pump in little over an hour. The US isn’t even awake yet – are we just getting started today? How did we get here? The big story this week has been the WallStreetBets drama,…
Ethereum 2.0 has dragged its feet. But when it does finally ship, it could provide the “largest economic shift in society” — or so it’s believed. The launch of ETH 2.0 is tentatively penned for July, transforming Ethereum from a no-frills proof-of-work protocol to a fully-fledged staking platform. After that, instead of competing against each other to solve puzzles, users…
A Chinese city in the world’s bitcoin mining hub is publicly encouraging the blockchain industry to help consume excessive hydroelectricity ahead of the summer rainy season. Ya’an, one of the many cities in China’s mountainous Sichuan province, a region that’s estimated to account for over 50 percent of Bitcoin network’s computing power, has recently issued a public guidance – likely…
A driving force behind the scenes of China’s ambitious blockchain infrastructure project says he used to be skeptical of the technology. “Initially I thought blockchain, especially distributed ledger technology [DLT], had no commercial value because it was too expensive,” said Yifan He, CEO of Beijing Red Date Technology. “Then I realized we can actually build a multi-framework platform to reduce the cost for…
The U.S. Departments of Justice (DOJ) and Homeland Security (DHS) have seized coronaprevention.org, alleging its owner tried to sell the domain for bitcoin after posting about it in a “hacker’s forum.” Announced late Friday, the unidentified owner of the site tried to sell the domain to an undercover agent with the Department of Homeland Security’s Criminal Investigations unit, who said they…
The Australian dollar fluctuated in a narrow range slanting toward decline during the Asian session, to witness its bounce to the fourth session in eight sessions from its highest since last March 12 against the US dollar after the developments and economic data that it had reported on the Australian economy and on the cusp of developments and economic data…
The overall trend is downward. The resistance level of 8.00 holds back the bulls. A wedge trend continuation pattern has formed. Breaking through the support level of 7.00 will result in a further decline within the overall downtrend. Trading recommendations Sell below 7.00. Stop loss: 8.00. Target levels: 6.00; 5.30.
Сrude oil continues to fall in the global markets. Brent was trading at 15 USD per barrel, a price of mid-1999. This is a very serious challenge for crude oil companies. An ascending truncated pattern has formed on the chart (M5). The 306.88 resistance level holds back buyers. Stochastic Oscillator signals overboughtness. Trading recommendations: Sell while a descending wave pattern…
The 0.9000 resistance level is holding back buyers. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. An ascending truncated H4 level pattern has formed. Trading recommendations: Sell while the descending pattern is forming, where the wave (A) breaks through the inclined channel of the ascending pattern, completing it. Stop loss for the local maximum…