Please share if you find this article interesting. First Mover: As Fed Assets Top $6T, BitMEX Has Some Inflation-Busting Advice Bitcoin has been relatively stable in recent days, pausing after a powerful rally that saw prices nearly double in under a month. What hasn't paused is the Federal Reserve's money machine: A report late Thursday showed that the central bank's total assets surged this week above $6 trillion for the first time in its 107-year history. You're reading First Mover, CoinDesk's daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context every wild swing in bitcoin and more. We follow the money so you don’t have to. You
Please share if you find this article interesting. Bitcoin Evolution: Wanna Make $1 Million in 2 Months Like Prince Harry and Meghan Markle? It's a Scam | News Bitcoin News A bitcoin investment scheme has reportedly claimed that Prince Harry and Meghan Markle are making millions using a “wealth loophole” and have urged everyone to check out Bitcoin Evolution. However, this is a sales tactic by a known scam, claiming that some members earned their first million in just 61 days. Also read: Bitcoin Revolution: Wanna Earn $1,000 a Day? Government Warns About This Scam Investment Scheme Uses Prince Harry and Meghan Markle to Attract Investors The world’s financial crisis and significant job losses have driven many people to look for opportunities to make money online. There is an
Please share if you find this article interesting. Ripple (XRP) Signaling Bearish Breakdown But Can Bears Gain Control? Ripple is showing a few bearish signs below the $0.1980 resistance against the US Dollar. XRP price could start a strong decline if it breaks the $0.1900 support area.Ripple price is still struggling to gain momentum above the $0.2000 resistance against the US dollar.The bears were able to push the price below the key 100 hourly simple moving average.There was a break below a major contracting triangle with support near $0.1980 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair could start a major decline if it breaks the $0.1900 support area.Ripple Price Showing Bearish SignsAfter forming a top near the $0.2050 level, ripple started trad...
Please share if you find this article interesting. Bitcoin Tanks Under $7,000 After Rallying 100% From Bottom: What’s Next? After days of consolidation after rallying 100% from the March bottom, Bitcoin tanked under $7,000 just minutes ago, reaching a local low of $6,920 as of the time of this article’s writing. With this downward move, the cryptocurrency is down 6% from Thursday’s peak and down nearly 8% from the highs at $7,470.Bitcoin’s drop comes after stocks have seen an extremely healthy week, with both the S&P 500 and the Dow Jones rallying hard as the coronavirus curve starts to flatten and despite record-level unemployment claims in the U.S.Related Reading: Crypto Tidbits: Bitcoin At $7,000, FATF Regulation, Coinbase Backs Ethereum DeFiThe crypto market’s ongoing correct
Please share if you find this article interesting. Here’s Why Ethereum Could Dive Significantly Below 100 SMA Ethereum is trading in a contracting range below the $175 resistance against the US Dollar. ETH price seems to be setting up for the next move either above $200 or towards $152.Ethereum is facing a strong resistance near the $172 and $175 levels.The 100 hourly simple moving average at $165 is likely to act as a strong support and breakdown zone.There is a crucial contracting triangle forming with resistance near $172 on the hourly chart of ETH/USD (data feed via SimpleFX).The pair could either rally above $175 or it might decline significantly below the 100 hourly SMA.Ethereum Price Holding 100 Hourly SMAAfter forming a swing high near the $175 level, Ethereum started tra
Please share if you find this article interesting. The Bitcoin Fund Completes IPO, Now Trading on Canada's Leading Stock Exchange | Bitcoin News The Bitcoin Fund, managed by 3iq, has completed an initial public offering and has begun trading on the Toronto Stock Exchange (TSX). It has been a long road for 3iq and The Bitcoin Fund since their filing was first rejected. After a hearing, a commissioner with the Ontario Securities Commission ruled in their favor. Also read: Bitcoin Revolution: Wanna Earn $1,000 a Day? Government Warns About This Scam The Bitcoin Fund Trading on TSX Exchange Canadian investment fund manager 3iq Corp. announced on Thursday that The Bitcoin Fund has completed an initial public offering (IPO) and merged with 3iq Bitcoin Trust. Consequently, The Bitco...
Please share if you find this article interesting. Can This Double Bottom Spark Bitcoin Rally Above $7,500? Bitcoin is still struggling to clear the $7,400 and $7,500 resistances against the US Dollar. BTC price must stay above $7,080 to rally above $7,500. If not, it could decline heavily below $7,000.Bitcoin is trading in a contracting range below the $7,400 resistance against the US Dollar.A crucial breakdown support is forming near the $7,080 level.There is a major bearish trend line forming with resistance near $7,340 on the hourly chart of the BTC/USD pair (data feed from Kraken).It seems like there is likely a double bottom pattern forming near the $7,100 area.Bitcoin Nearing Key BreakoutIn the past few sessions, bitcoin price traded in a broad range below the $7,400 and $...
Please share if you find this article interesting. Bitcoin.com Games Invites You to Celebrate Easter With a 3-in-1 Promotion | Promoted Bitcoin News In-Between Bitcoin Halvings: Analyst Proves Bitcoin's Price Not Bound to 4-Year Cycles Crypto traders and analysts have always looked to the halvings for some kind of clues in order to predict the future price of bitcoin. A number of traders also think that BTC price movements shift every four years and speculators ... read more. Bitcoin Halving Capitulation: 'Mining Death Spirals Don't Happen in Real Life,' Says Report As the bitcoin halving approaches, crypto-mining ‘death spirals’ and miner capitulation have become prominent topics among digital currency enthusiasts. Despite the trending discussions, Coinshares head of rese
Please share if you find this article interesting. Profit-Taking Keeps Bitcoin in Tight Range as Fed Reopens Spigot Bitcoin and ether fell slightly Thursday as traditional markets climbed on additional stimulus measures by the U.S. Federal Reserve and Bank of England. Over the past 24 hours, bitcoin (BTC) was down 1 percent Thursday afternoon New York time and ether (ETH) was down 1.2 percent. Notable gainers on CoinDesk’s big board include dash (DASH) up 8 percent, zcash (ZEC) in the green 8 percent and bitcoin gold (BTG) climbing 4 percent. Digital assets in the red include bitcoin cash (BCH) down 4 percent, tron (TRON) dropping 2 percent and cardano (ADA) slipping 1 percent. All 24-hour price changes are as of 20:15 UTC (4:15 p.m. EDT) Thursday. In the traditional mar
Please share if you find this article interesting. Hundreds of Darknet Listings Are Selling Masks and PPE Products for Bitcoin | Bitcoin News According to a recent research report written by the blockchain surveillance firm Elliptic, there’s been a massive influx of darknet market (DNM) vendors selling personal protective equipment (PPE) like masks and coronavirus test kits. The spike in medical equipment sales on the invisible web during the month of March, follows Ebay and Amazon’s decision to remove all third-party PPE suppliers who sell masks and disinfection products on the websites. Also read: Merchant Services, Gambling, and Darknets: Coronavirus Economy Stunts Cryptocurrency Spending Report Shows Hundreds of Personal Protective Equipment Listings Can be Found on the D