Analysts Take Aim at $280 for Ethereum as Bears Gain Firm Control

Ethereum has been hit hard by the recent market-wide downturn, with the cryptocurrency’s price crashing by nearly $30 in a matter of minutes earlier today This move struck a serious blow to its technical outlook, leading many investors and analysts to anticipate further downside in the near-term One trader is specifically setting his sights on a move down towards $280, explaining that this is a bastion of buying pressure for ETH Whether or not Ethereum can slow its descent and rebound higher in the coming few hours should offer insights…

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Here are the Key Factors Helping to Drive Bitcoin’s Price Lower

After a short bout of trading above $11,000, Bitcoin has witnessed massive inflows of selling pressure that have slowed its ascent and stopped it from seeing any major upside The cryptocurrency is now at grave risk of seeing further losses, with analysts noting that it may soon visit its key $10,200 support A break below this level could lead to serious losses, with bears potentially moving to fill the CME gap that exists around $9,700 There do appear to be a few key factors behind this move, with spike in…

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Markets Pilot Review – Trading Crypto from Anywhere in the World

An online trading brand of Click World Ltd, Markets Pilot specializing in providing access to cryptocurrency trading services for customers all around the world, except for US citizens and residents. Via a comprehensive and diverse trading offer, the broker enables access to crypto instruments based on tens of different large-cap tokens or altcoins. The Markets Pilot philosophy is very clear: “Put the customer at the center of your effort” and for the past several years, that has been the main guideline for the company. It cares about the customer experience…

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How Kale99 is Seeking to Transform the Digital Banking Paradigm

The modern banking system started in the affluent cities of the Renaissance period Italy and slowly spread throughout Europe and from there to the entire world. As with any human-made system, it has evolved to stay in tune with the changing times. Today, the banking system, aptly called the financial services sector, has expanded its range of services and is set to reach $26.5 trillion by 2022. And yet, this mammoth is facing an existential crisis. Not the system, but its physical manifestation – the vestigial bank. Evolution of the…

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Here’s Why Bitcoin’s Recent $1,000 Drawdown Isn’t Entirely Bearish

Bitcoin has undergone a strong rejection over the past two days. The coin dropped from the $11,200 highs it was trading at just days ago to a recent low around $10,200 on Coinbase. BTC now trades for $10,450, having slightly bounced in tandem with other legacy markets. Bitcoin’s Monday drawdown came as the S&P 500 fell over 2.5% during the session lows and as the U.S. dollar jumped. Despite uncertainity about BTC’s price action in the near term, one analyst believes that the long-term chart is bullish. One trader pointed…

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Bitcoin and Crypto Market Roundup for the Week Gone by

Bitcoin is back in the driving seat. The leading crypto has made 2.5% gains over the past week, pushing the crypto market upwards as sentiment shifts in favor of the bulls. The move comes on the back of macroeconomic news. Last Wednesday, the Federal Reserve pledged to keep interest rates close to zero until 2023. Traditional safe-haven gold failed to capitalize on subsequent weakness in the dollar, but digital safe haven Bitcoin moved on upwards to flirt with $11,000.  Meanwhile, Ethereum is trading sideways. The smart contract platform has passed…

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Analysts Explain Why Bitcoin Bearish Correction Could Turn Worse

Bitcoin is trading almost 17 percent below its year-to-date high near $12,500. And, according to analysts at TradingShot, the downside bias is about to turn a lot worse. The independent market analysis portal spotted the benchmark cryptocurrency testing the support of a medium-term Ascending Channel. At the same time, it highlighted BTCUSD’s latest plunge below its 50-day moving average wave – an otherwise concrete price floor. A Bearish Setup Analysts placed a Fibonacci Retracement graph on the top of its Ascending Trendline and 50-WMA narrative. The multi-level diagram revealed crucial…

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Bitcoin Expects to Hit $14K on Imminent US Dollar ‘Death Cross’

Bitcoin bulls should buckle up as the cryptocurrency prepares for a rally towards its 2019 high at near $14,000. The expectations of a $2,000-plus jump come as Bitcoin maintains an inverse correlation with the US dollar since March 2020. Back then, the greenback spiked when the COVID-19 pandemic first struck the financial markets, as investors and companies stockpiled cash to survive the health crisis. At the same time, Bitcoin crashed by more than 60 percent. Bitcoin-DXY correlation since March 2020. Source: TradingView.com But the bias turned upside down for both…

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Bitcoin Might Hit All-Time High by Christmas, Analyst Explains Why

Bitcoin will extend its rally to hit a new all-time high by Christmas, according to Vijay Boyapati. “In the 2016 cycle, Bitcoin did not break its prior all-time high until 229 days after the halving,” the crypto-analyst stated Thursday. “If we were to follow that exact trajectory, [the cryptocurrency] would make a new all-time high just after Christmas day, this year.” A $325K Target The term “halving” refers to the number of coins that miners receive for maintaining the Bitcoin blockchain. That rewards get reduced by half after every four…

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Genesis Mining – Cloud Mining Review

Genesis Mining Overview Genesis Mining was founded in 2013. It currently owns mining farms located in Europe, America and Asia but exact locations are not known to the general public due to security reasons. Genesis Mining offers you a smart and easy way to invest your money. Their solution is suitable for those who are new to the world of crypto currencies, as well as for cryptocurrency experts and large-scale investors. Genesis Mining is the World’s first large scale multi-algorithm cloud mining service offering an alternative to those who would like…

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