Bitcoin Potential Breakout
Bitcoin is potentially breaking out toward the upside from a range formed in March 2020. The next major resistance is the previous range above that was formed in early March as shown on the chart.
News
Cryptocurrency news from around the world and beyond. We cover what happening with cryptocurrency today. We cover things like countries embracing or rejecting cryptos, price milestones for Bitcoin and Alts, new projects, upcoming forks, etc.
Bitcoin Halving Dates and Trendlines
Bitcoin is about to experience its third halving. The first halving was Nov 28, 2012, the second July 9, 2016, and third is mid-May 2020. This chart shows repeating trends going into the halving.
Binance To Delist FTX Leveraged Tokens on March 31st
Binance will delist all FTX leveraged tokens on March 31st. The official reasoning is that users were misunderstanding the way the tokens devalued over time as the underlying assets fluctuate back and forth.
Coronavirus Bill May Include Digital “Crypto Style” Dollars
The coronavirus stimulus bill may include digital dollars that are stored in digital wallets as part of the relief.
Bitcoin Couldn’t Avoid the Coronavirus Panic, But its Fixed Supply Might be Attractive Vs. Fiat Printing
Bitcoin couldn’t avoid the coronavirus panic, crashing by a full 50% on March 12th. However, Bitcoin has since been recovering and might just start being attractive with central banks printing money.
Bitcoin See One of its Biggest Drops Ever As the Wider Market Panics
Most markets are in a panic over coronavirus. Bitcoin finally took a big hit along with broader markets on March 12, 2020, dropping over 50% from around a $7,960 high to a low of $3,800.
India Lifted Their Ban on Cryptocurrency Trading
India’s Supreme Court overturned their central bank’s ban on cryptocurrency trading, lifting the ban that had been in effect since April 2018.
Kyber (KNC) is Launching on Coinbase Pro
Coinbase has announced they will be listing Kyber (KNC) AKA Kyber Network. Transfers begin on Monday, February 24. It is likely Kyber will also launch on Coinbase soon since it is getting both KNC/USD and KNC/BTC pairs.
Coinbase Pro Now Offers Margin Trading
Starting Feb 12 Coinbase Pro will offer margin trading up to 3x for users in some states.
The ETHE Premium Reveals ETH’s Strength, but Also Could be Seen as an “OverBought” Indicator
The ETHE premium, like the GBTC premium, can be a signal of crypto sentiment (and more-so with ETHE, ETH sentiment). However, it can also signal that ETHE is overbought.