Friday, April 10Your Daily Bitcoin & Altcoin News Portal
Bitcoin Price Suddenly Drops Below $7K, Crypto Market Under $200B

Bitcoin Price Suddenly Drops Below $7K, Crypto Market Under $200B

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Please share if you find this article interesting. Bitcoin Price Suddenly Drops Below $7K, Crypto Market Under $200B Bitcoin (BTC) price dropped nearly $200 in minutes on April 10 to slide below $7,000 for the first time in four days. Data from Coin360 and Cointelegraph Markets showed BTC/USD now dropping below the tight $400 corridor between $7,100 and $7,410 where it had stayed for most of the week. The sudden drop from $7,150 to $6,915 also formed the most volatility seen in recent days and, at press time, Bitcoin is trading around $6,960. Cryptocurrency market daily overview. Source: Coin360 BTC price dives going into the weekend — $6.3K next? As previously expected by some traders, the small price rise did not occur from the $7,200 levels going into Friday. However, the $6,
Texas Cloud Mining Firm Shut Down After Fake Charity Pitch

Texas Cloud Mining Firm Shut Down After Fake Charity Pitch

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Please share if you find this article interesting. Texas Cloud Mining Firm Shut Down After Fake Charity Pitch The Texas State Securities Board (TSSB) has taken emergency action against cloud mining firm Ultra BTC Mining for issuing unregistered securities.  The emergency cease-and-desist order was jointly filed against Ultra Mining by the TSSB and the Alabama Securities Commission on April 8. The securities regulators accused Ultra Mining of registration violations, fraud, failures to disclose key information relating to its operations, and misleading or deceptive statements. The regulators allege Ultra BTC Mining and its agent Laura Branch were running a "recession special” to prey on economically vulnerable Texans and had refused to verify a claimed $100,000 donation to help UN

Bitcoin Tanks Under $7,000 After Rallying 100% From Bottom: What’s Next?

PRICE ANALYSIS
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
Here’s Why Ethereum Could Dive Significantly Below 100 SMA

Here’s Why Ethereum Could Dive Significantly Below 100 SMA

PRICE ANALYSIS
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
Craigs Wright’s Lawyers Slam Court Order Based on ‘Personal Attacks’

Craigs Wright’s Lawyers Slam Court Order Based on ‘Personal Attacks’

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Please share if you find this article interesting. Craigs Wright’s Lawyers Slam Court Order Based on 'Personal Attacks' Lawyers for Satoshi claimant Craig Wright have strongly criticised a magistrate's order as wrong in law and “based in significant part on personal attacks” against Wright and his Kenyan attorney. Wright‘s team was objecting to the Order on Discovery filed April 8 in the U.S. District Court in the Southern District of Florida, that requires him to produce a cache of 11,000 documents in a multi-billion lawsuit issued by the estate of his late business partner Dave Kleiman. They said the "order is clearly erroneous and contrary to law. It should be reversed and vacated”. Earlier in the case, Magistrate Judge Bruce E Reinhart dismissed Wright's attempts to claim att
The Bitcoin Fund Completes IPO, Now Trading on Canada’s Leading Stock Exchange | Bitcoin News

The Bitcoin Fund Completes IPO, Now Trading on Canada’s Leading Stock Exchange | Bitcoin News

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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...
Can This Double Bottom Spark Bitcoin Rally Above $7,500?

Can This Double Bottom Spark Bitcoin Rally Above $7,500?

PRICE ANALYSIS
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 $...
Chainlink (LINK) Rallies 149% Since March Bitcoin Price Crash

Chainlink (LINK) Rallies 149% Since March Bitcoin Price Crash

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Please share if you find this article interesting. Chainlink (LINK) Rallies 149% Since March Bitcoin Price Crash This week Chainlink (LINK) is on an absolute tear, gaining 47% over the past four days on strong purchasing volume. The price had dropped by a massive 63.50% from March 11 to March 12 and bottomed at $1.35 on March 13. Since March 13 LINK has rallied 149% and at the time of writing the digital asset was up 6.65% for the day.  Other than the entire crypto market recovering from deeply oversold conditions, the recent announcement of new partnerships with decentralized finance giant Celsius, and Fantom could possibly be adding to the current excitement as previous partnership announcements have been known to drive LINK price higher.  Regardless of the reason, the recent g
First Public Bitcoin Fund Listed on Toronto Stock Exchange

First Public Bitcoin Fund Listed on Toronto Stock Exchange

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Please share if you find this article interesting. First Public Bitcoin Fund Listed on Toronto Stock Exchange Canadian asset manager 3iQ has become the first firm to launch a fund tied to Bitcoin (BTC) on the Toronto Stock Exchange (TSX), after three years of legal wrangling. ‘The Bitcoin Fund’ listed nearly 1.5 million Class A ‘QBTC.U’ shares on TSX on April 9. The fund’s shares are currently trading for around $11 each. On April 10, entrepreneur and crypto investor Tyler Winklevoss tweeted that The Bitcoin Fund’s launch on TSX was historic as it is “the first public Bitcoin fund listed on a major stock exchange.” The Winklevoss twins' crypto exchange Gemini is acting as a custodian for The Bitcoin Fund. The TSX is the largest stock exchange in Canada with more than $97 billion
Grayscale Ethereum Trust Trading at 515% Premium

Grayscale Ethereum Trust Trading at 515% Premium

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Please share if you find this article interesting. Grayscale Ethereum Trust Trading at 515% Premium Investors are paying a 515% premium to buy Ether through the Grayscale Ethereum Trust. It costs $90.55 to buy a share in Grayscale Investments’ Ethereum Trust (ETHE), however its Ether holdings per share are currently worth just $16.10. That means it’s five times more expensive to buy Ether via the trust than on the open market. 04/09/20 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.Total AUM: $2.5 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $XRP $ZEC pic.twitter.com/S68eNk8tEN — Grayscale (@GrayscaleInvest) April 9, 2020 While the ETHE premium goes up and down regularly, it is now significantly higher than the 220% i