The Great Bitcoin Gap: Will BTC Plummet To Fill The Void At $19,500?
Bitcoin (BTC), the leading cryptocurrency in the market, continues to exhibit a stagnant price movement. However, a notable development has emerged as BTC struggles to sustain consolidation above the critical $26,000 threshold. This could potentially present challenges for the cryptocurrency’s performance. Currently trading at $25,700, Bitcoin is on the cusp of a significant breakout. This breakout can exert pressure on short positions and liquidity pools positioned above or to fill the gaps on lower levels of the Chicago Mercantile Exchange (CME). What’s more concerning is that....
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Bitcoins are becoming a strong contender in the last mile finance space. I would like to begin this article with this brave claim. And prove along the article, as to why this is true. The Chief Information Officer of Western Union, Mr. John Thomson recently expressed his opinion on Bitcoins, on the Internet. Here is an important quote. "Bitcoin as a technology doesn't solve any problems for us in the core of our business. Our challenge is the last mile. How do I get that money in the person's hand, and meet all the regulatory compliance needs in that country? So, I don't really need it for....
In a crucial development for the financial markets, the US Dollar Index (DXY) has surged to its highest level since March, marking a pivotal moment for Bitcoin and the broader crypto sector. The DXY, which gauges the Greenback’s performance against a basket of six major currencies, has extended its gains above the 104.000 mark in the past four day, reaching a five-month peak at 104.907. At press time, the DXY was trading at 104.773. From a technical standpoint, the DXY has exhibited a bullish bias, especially after surpassing the 200-day Moving Average (DMA) on Thursday last week.....
One of the more unsettling events in the stablecoin sector occurred in May when Terra’s UST lost its 1:1 dollar peg. Chaos resulted from the de-peg, which also utterly destroyed Terra’s legitimacy. Nevertheless, the USDT and USDC survived the slaughter. Different stablecoins are working hard to fill the void left by it, though. The USD […]
Ever since Uber and Lyft left Austin, the peer-to-peer rideshare group, Arcade City, has been making waves as it has made its bid to fill the void. The developers made its presence known when they published an open letter to the city on their official website. Ever since, the group’s founder, Christopher David, has been busy doing interviews and most....
The blockchain-based gaming segment has a new entrant in Beyond the Void. The space-themed game, set in a faraway galaxy, allows players to navigate through the stars and devise a battle strategy against the opponent. It is one-of-a-kind real-time strategy (RTS) game with multiplayer online battle arena (MOBA) elements which is powered by cryptocurrency technology. Beyond the Void allows individual gamers to pit their wits and skills against each other. Unlike other games, it has a fluid gameplay, allowing gamers to customize their mothership and maps according to their wishes. With both....