US dollar downturn aids Bitcoin bulls before $50K BTC price showdown
Buyer support and macro headwinds are in Bitcoin's favor as a giant sell wall is all that stops BTC/USD from reclaiming $50,000. Bitcoin (BTC) challenged $46,800 on Aug. 11 as a weakening U.S. dollar added to bullish momentum.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"Aiming for $50,000"?Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting highs of $46,787 on Bitstamp Wednesday, a hair short of the previous day's peak.Fresh from voting day on the U.S. infrastructure bill, something which ultimately failed to move the market, Bitcoin showed no signs of....
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Bitcoin continues to respect the neckline resistance as markets brace up for the showdown between the Greek government and its creditors this weekend. Overcoming the supply pressure near the resistance line has certainly proved to be a hard task for the bitcoin bulls, but I am expecting a big move to rock the market by the end of this week. Bitcoin can be seen trading up 0.64% at $269.41. Technically, things look poised in favor of the bulls which may eventually help them take out the resistance and may be, the price even heads towards $300 then. Check out the technical considerations from....
Martin Shkreli Arrested for Fraud: How the Blockchain Could Have Stopped this AIDS Pill Price Gouger
A few months ago, Turing Pharmaceuticals executive Martin Shkreli spread outrage across the world when he bought the rights to an HIV/AIDS medication and raised the price from $13.50 USD to $750. Shkreli made waves again when he purchased the highly desired, only copy of Wu Tang’s Once Upon a Time in Shaolin for $2 million. Now, might get his just desserts in prison, as the Federal Bureau of Investigation has arrested him for securities fraud. According to prosecutors, Shkreli illegally used stock from Retrophin — a company he used to own — to pay off debts. Newsweek reported that his....
Polkadot’s DOT corrected lower from $42.00, but it remained stable above $30.00 against the US Dollar. It is now rising and it seems like the bulls are eyeing a fresh increase to $40.00 and $42.00. DOT is holding the ground above the $30.00 and $35.00 levels against the US dollar. The price is trading nicely […]
CoinJar is getting into the holiday spirit, or as they call it, “the bitcoin-giving spirit.” The personal finance startup is running the CoinJar Bitcoin Donation Showdown this Christmas season to help raise funds in support of two non-profit organizations. Dubbed ‘Puppies vs. Computers,’ the CoinJar team has created a friendly competition between two of their favorite Australian non-profits, PetRescue and Electronic Frontiers Australia. The two organizations will face off in an attempt see which one can raise the most bitcoin donations. The CoinJar Bitcoin Donation Showdown team is....
Chainlink (LINK) started a strong upward move from the $7.32 low against the US Dollar. The bulls are now facing a strong resistance near $10.50, $11.00, and the 100 SMA (H4). Chainlink token price gained nicely above the $8.50 and $9.00 resistance levels against the US dollar. The price is now facing hurdles near the […]