‘Blow-off top’ or $30,000? Traders muse Bitcoin’s end-of-year fate
Traders and analysts mull what's in store for Bitcoin after a historic day. After a historic day in which the headlines could hardly keep up with price action and Bitcoin set a new all-time high above $26,500, traders and analysts are now turning their attention towards what could be in store for the digital currency over the next five days as 2020 comes to a close.Historic candleWhile a 8-9% daily gain might be pittance compared to Bitcoin’s historical volatility — there was a 42% rally as recently as 2019 — as Messari founder Ryan Selkis pointed out, today’s rally featured only the....
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Bitcoin price is chasing after $18,000, but the shorter consolidation phase of this rally has led some analysts to expect a blow-off top. Bitcoin price is steamrolling toward $18,000, and excited traders are calling for the top-ranked digital asset to overtake the 2017 all-time high at $19,763. Unless you're a bear, reaching a new all-time high is great. But ideally, for a sustainable rally to maintain its pace, a staircase uptrend is more beneficial than a sudden upward climb. In recent weeks, BTC has continuously surged higher without prolonged consolidation periods or any major....
Cryptocurrency exchange CCEDK announced today that its Bitshares 2.0-based platform OpenLedger and a music streaming company PeerTracks have partnered with a new blockchain-based platform called MUSE to offer unique opportunities for monetising music. MUSE suites for variety of music-related payments such as royalties, music sales, merchandise and concert ticket sales. Moreover, it is easy to use not just for cryptocurrency users but for anyone as OpenLedger offers a fiat gateway that allows consumers to buy music and artists to sell it for USD, or to be correct for crypto-USD. MUSE....
There are many people who believe the music industry is broken. With physical sales plummeting to non-existent levels, digital and streaming music is the way the system operates today. However, artists are receiving only pennies for millions of plays and as much as 70% or more goes to the labels and distributors. A service called PeerTracks and a....
Muse frontman Matt Bellamy is tokenizing and selling a song recorded on the same guitar Jeff Buckely used to record his hit album Grace. NFTs are the new museIn an exclusive shared with Cointelegraph, celebrity-focused NFT auction platform Cryptograph has announced the launch of an exclusive track from Muse frontman Matt Bellamy in the form of a nonfungible token (NFT). The token will be issued to accompany the launch of Bellamy’s new 10-track solo album Cryosleep on July 16, which was recorded on the same guitar Jeff Buckely used for his hit album Grace.Guiding Light NFT Artwork: Matt....
Pakistan is facing a similar fate as Sri Lanka and the Taiwan situation is heating up. Geopolitics can give us a glimpse into bitcoin’s role in macroeconomics.