Sunday, July 5Your Daily Bitcoin & Altcoin News Portal

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What’s Fueling DeFi Token Compound’s Powerful 20% Intraday Rally

What’s Fueling DeFi Token Compound’s Powerful 20% Intraday Rally

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Please share if you find this article interesting. What’s Fueling DeFi Token Compound’s Powerful 20% Intraday Rally One of the crypto market’s hottest DeFi tokens, Compound (COMP) has gone on an over 20% intraday rally. Meanwhile, the rest of the market is seeing red due to overall Bitcoin weakness. What’s causing Compound to stand out and surge while the rest of the crypto market tanks? Compound Becomes Breakout Superstar in Already Red Hot DeFi Space The cryptocurrency known as Compound has had an incredible ride over the last month. Decentralized finance along with crypto Twitter hashtag emoji, are all the rage right now. 14 BTC & 95,000 Free Spins for every player, only in mBitcasino’s Exotic Crypto Paradise! Play Now! The former of the two trends include Compound’s rise into
Ethereum Lacking Momentum, But Here’s Why 100 SMA Could Spark Fresh Rally

Ethereum Lacking Momentum, But Here’s Why 100 SMA Could Spark Fresh Rally

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Please share if you find this article interesting. Ethereum Lacking Momentum, But Here’s Why 100 SMA Could Spark Fresh Rally Ethereum is struggling to clear the $230 resistance level against the US Dollar. ETH price is showing positive signs and it seems like a close above the 100 SMA (H4) could trigger a fresh rally. ETH price is slowly moving higher towards the $230 resistance against the US Dollar. A close above the 100 simple moving average (4-hours) could spark a strong upward move. There was a break above an important bearish trend line with resistance near $225 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could dip a few points, but it is likely to make another attempt to clear the $230 resistance. Ethereum Price Testing 100 SMA (H4) After a strong reje
The Number of Stocks Reaching All-Time Highs is Growing; Why Bitcoin Won’t Follow

The Number of Stocks Reaching All-Time Highs is Growing; Why Bitcoin Won’t Follow

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Please share if you find this article interesting. The Number of Stocks Reaching All-Time Highs is Growing; Why Bitcoin Won’t Follow Bitcoin and the stock market have formed a close correlation in recent weeks, but this is now showing some signs of breaking as BTC trades sideways while most equities begin picking up some momentum. The stock market has been seeing an intense recovery, and its momentum appears to be picking up once again as many states and cities that were previously on lockdown begin opening up. One indicator of the market’s newfound momentum can be seen while looking towards the number of publicly traded companies that are seeing their stock prices hit fresh all-time highs. 14 BTC & 95,000 Free Spins for every player, only in mBitcasino’s Exotic Crypto Paradise!

Here Are 2 Ways to Benefit From the Impending Bitcoin Volatility Spike

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Please share if you find this article interesting. Here Are 2 Ways to Benefit From the Impending Bitcoin Volatility Spike Bitcoin’s price action has quickly become unbearable for many traders. As NewsBTC has reported extensively over recent days, the crypto market has come to an absolute standstill. In the past week, the cryptocurrency has traded in a right 5.5% range, with bulls and bears not even attempting to break out of the consolidation. Stepping back, the lack of volatility is further accentuated; For nearly nine weeks now, Bitcoin has traded in the range between $8,500 and $10,000. 14 BTC & 95,000 Free Spins for every player, only in mBitcasino’s Exotic Crypto Paradise! Play Now! Recent volatility analyses, however, have suggested an imminent breakout for BTC. A Massive B
Why One Top Bitcoin Trader Believes Now is the “Calm Before the Storm”

Why One Top Bitcoin Trader Believes Now is the “Calm Before the Storm”

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Please share if you find this article interesting. Why One Top Bitcoin Trader Believes Now is the “Calm Before the Storm” Bitcoin has seen some of the most boring price action it has witnessed in over a year. After ranging between $9,000 and $10,000 for over two months, the cryptocurrency has now narrowed its trading range to between $9,000 and $9,300, with BTC primarily just hovering around $9,100. The benchmark digital asset is showing few signs of breaking this trend anytime soon, but one analyst does believe that this could mark the “calm before the storm.” 14 BTC & 95,000 Free Spins for every player, only in mBitcasino’s Exotic Crypto Paradise! Play Now! He claims that this bout of sideways trading is likely to resolve in a massive movement, and notes that he is leaning towa
Research Firm: Cardano (ADA) Is One of the “Most Bullish” Crypto Assets

Research Firm: Cardano (ADA) Is One of the “Most Bullish” Crypto Assets

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Please share if you find this article interesting. Research Firm: Cardano (ADA) Is One of the “Most Bullish” Crypto Assets Aside from Bitcoin, Cardano (ADA) has rapidly become one of the most popular cryptocurrencies over recent weeks by investors and traders alike. The prominent altcoin, which has re-entered the top-10, has recently been subject to a strong boost. Data indicates that ADA is up 150% since the start of 2020, outpacing Bitcoin by around five times and other mainstream assets by many times more. Despite its already-strong outperformance, a top research firm in the cryptocurrency market has suggested that Cardano has room to run. 14 BTC & 95,000 Free Spins for every player, only in mBitcasino’s Exotic Crypto Paradise! Play Now! Related Reading: Crypto Tidbits: Bitcoi

A Signal Last Seen Before Bitcoin Plunged to $3,700 Is About to Return

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Please share if you find this article interesting. A Signal Last Seen Before Bitcoin Plunged to $3,700 Is About to Return To many, determining which direction Bitcoin trends from here is a coin toss. One trader shared the image below with the caption: “You guys still trading this garbage? I’m not doing anything until one of these lines gets hit.” That’s to say, the analyst isn’t taking a trading position in Bitcoin because he has no idea where it will go first. 14 BTC & 95,000 Free Spins for every player, only in mBitcasino’s Exotic Crypto Paradise! Play Now! BTC range chart shared by chartist/technician Byzantine General (@Byzgeneral on Twitter). Chart from TradingView.com Unfortunately for bulls, the evidence is starting to melt that a correction is more likely than a rally. B
Here’s Why Ethereum’s Consolidation Could Result in an Explosive Move to $480

Here’s Why Ethereum’s Consolidation Could Result in an Explosive Move to $480

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Please share if you find this article interesting. Here’s Why Ethereum’s Consolidation Could Result in an Explosive Move to $480 Ethereum has been consolidating over the past few days within the $220 region. Although on the surface its price structure seems similar to that of Bitcoin and its peers, it is important to note that it is currently stuck beneath its long-held trading range between $230 and $250. Its sustained bout of trading below this range is a grim sign, but analysts are noting that the crypto has remained above a couple of crucial technical levels. 14 BTC & 95,000 Free Spins for every player, only in mBitcasino’s Exotic Crypto Paradise! Play Now! The ability to remain above these levels has led one analyst to set his sights on a movement to $480 in the months ahead
Sparks Fly as Critics Question Bitcoin Model Predicting $100,000 by 2021

Sparks Fly as Critics Question Bitcoin Model Predicting $100,000 by 2021

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Please share if you find this article interesting. Sparks Fly as Critics Question Bitcoin Model Predicting $100,000 by 2021 The Bitcoin Stock to Flow (S2F) model created by the pseudonymous analyst “PlanB” has been a controversial subject over the past year. A majority of cryptocurrency investors on Twitter seemingly believe in the model, though it’s increasingly come under fire. Debate about PlanB’s work has come to a head over the past few days as prominent commentators have chimed in. What Is the Stock to Flow Model? The S2F model is an econometric formula released by PlanB in March of 2019. The pseudonymous analyst is a Dutch institutional investor that manages a multi-billion balance sheet, though he moonlights as a Bitcoin proponent. 14 BTC & 95,000 Free Spins for every pla

Chainlink Investors Worry About a Correction, But On-Chain Metrics Tell Otherwise

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Please share if you find this article interesting. Chainlink Investors Worry About a Correction, But On-Chain Metrics Tell Otherwise Chainlink has seen an impressive rally thus far this year. It has been fueled by different partnerships that have put this altcoin in the spotlight of the cryptocurrency market. The decentralized oracles token provided investors a mid-year return of investment of nearly 160% as its price rose from a yearly open of $1.76 to close June at $4.57. Despite the considerable returns, market participants worry about a potential correction that could wipe out some of the gains incurred. 14 BTC & 95,000 Free Spins for every player, only in mBitcasino’s Exotic Crypto Paradise! Play Now! Chainlink Forms a Potential Double Top The price action that Chainlink has