Cryptocurrency News Roundup for April 12, 2020

Cryptocurrency News Roundup for April 12, 2020
фото показано с : beincrypto.com

2020-4-13 09:20

Bitcoin started the week on shaky ground after bears pushed it below the critical support level around $6,750. As BeInCrypto previously reported, a decrease below $6,800 could potentially trigger a rapid breakdown.

With the price likely to move downward towards $6,300, the short-term outlook is pretty bearish for the benchmark cryptocurrency at this juncture. Interestingly, this would be consistent with a recent forecast by Morgan Creek partner, Jason Williams, who believes Bitcoin is going to head lower into halving before eventually hitting an all-time-high around Sept 2020.

On that note, let’s quickly skim through some of the biggest new developments to have transpired in the cryptocurrency space over this past weekend.

Let Billionaires and Hedge Funds Get ‘Wiped Out,’ Says Bitcoin Bull

Social Capital CEO Chamath Palihapitiya said in a conversation with CNBC that America’s billionaires should not get a bailout from taxpayers. Instead, they should expect to face the consequences of the current economic crisis just like everyone else.

Palihapitiya stressed that there was ‘a lie perpetuated by Wall Street’ that when a corporation fails it necessarily fires all its workers. In fact, as Palihapitiya argues, most bankruptcies end up simply getting reacquired.

Palihapitiya’s take on the issue went viral on social media shortly after, indicating that he may have struck a chord with the popular sentiment in the country and beyond.

Read the Full Article

Bitcoin SV’s Roadmap Is Now Password Protected

Things are looking kind of shaky in the Bitcoin SV ecosystem following its first halving last week. The halving was supposed to be the most important event for the BSV network, but it passed with little fanfare. With the hash rate going down and no real long-term strategy, BSV finds itself in a serious bind.

Making things even worse for investors, the controversial digital asset has now restricted access to its roadmap, rendering users unable to view what its future plans are now — assuming its creators even had a long-term strategy, to begin with.

[Editor’s Note: Accessing the link now takes you to a ‘new roadmap’ section with no password protection. It’s unclear whether this was a bug that happened during an update, or if the Bitcoin SV team walked back on the decision after it was met with criticism.] 

Read the Full Article

Novogratz Proposes Govt-Linked Crypto Wallets, Industry Retorts, ‘No Way!’

Galaxy Digital chief and long-term Bitcoin bull Mike Novogratz recently stirred up controversy on Twitter by proposing that everyone should ‘have a digital wallet that is linked to both local, state, and the federal government.’

The ongoing COVID-19 crisis and its ramifications on the economic front have further underlined this need, he noted.

As you would expect, his take on the issue didn’t go down well with most of his followers and industry peers.

Read the Full Article

Bitcoin Hashrate Dominance Suggests Forks are Significantly Overvalued

Bitcoin Cash, the blockchain that forked from Bitcoin in August 2017, is priced above $230. Meanwhile, Bitcoin SV, the controversial hard fork of Bitcoin Cash championed by Craig Wright and Calvin Ayre, has a market capitalization of just $3.35 billion and a price of $182.

However, according to industry analyst Bitcoin Meme Hub (@BitcoinMemeHub), the above prices are a significant overvaluation.

Read the Full Article

Bitcoin Analyst Trashes the Stock-to-Flow Model as a Useless Tool for Price Prediction

As you may know, the stock-to-flow (S2F) model is the underlying force powering most bullish post-halving predictions for Bitcoin. However, the commonly-held view that a massive bull run will follow the Bitcoin halving in 2020 may not necessarily be accurate. BeInCrypto readers probably remember a report from January of this year where researchers pointed out that the 2020 Bitcoin halving won’t pack enough punch to pump price.

Now, a similar assessment has been made by another analyst who claims that the S2F model’s use is out of place with Bitcoin.

Read the Full Article

Litecoin Approaches Crucial Long-Term Support Level

The LTC price has broken down from its short-term pattern and is expected to continue decreasing until it reaches clear support. However, the price is still trading inside a long-term support area. As long as it stays above, the current decrease is not considered a breakdown from the long-term trend.

Read the Full Analysis

The post Cryptocurrency News Roundup for April 12, 2020 appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Lendroid Support Token (LST) на Currencies.ru

$ 0.00049 (+0.76%)
Объем 24H $0
Изменеия 24h: 5.17 %, 7d: -58.34 %
Cегодня L: $0.00049 - H: $0.00049
Капитализация $0 Rank 3554
Цена в час новости $ 0.0002592 (89.04%)

below beincrypto 750 around critical support level

below beincrypto → Результатов: 35


Фото:

Is Bitcoin Moving in an Ascending Triangle or Wedge?

On April 2, the Bitcoin price initiated a very swift upward move, rallying from a low of $6,551 to a high of $7,194. While initially, it seemed that this movement would cause a breakout above the current pattern, the higher prices could not be sustained and BTC reached a close of $6,794, slightly below the […] The post Is Bitcoin Moving in an Ascending Triangle or Wedge? appeared first on BeInCrypto.

2020-4-3 13:45


Фото:

Cryptocurrency News Roundup for March 23, 2020

Following a brief dip below $6,000 on Monday, Bitcoin once again anchored itself around the mid-$6,000s by the end of the day. Nearly all major altcoins have followed suit by staying green. Compare that to the 3% drop in S&P 500 on Monday, which has further shaken investors’ confidence after last week’s 15% plunge, and […] The post Cryptocurrency News Roundup for March 23, 2020 appeared first on BeInCrypto.

2020-3-24 09:58


Фото:

Why Bitcoin Has Strengthened Against Gold

The Bitcoin correction has been short-lived, with only a couple of days spent below five figures. Gold and related stocks are also climbing — but they’re way short of the king of crypto. Digital asset markets have regained their composure today with a total market capitalization gain of $15 billion over the past 12 hours […] The post Why Bitcoin Has Strengthened Against Gold appeared first on BeInCrypto.

2020-2-19 11:46


Фото:

Binance Coin Diverges From the Pack as Bitcoin Breaks Below $10,000

Bitcoin’s stay above $10,000 only lasted about a day as the major cryptocurrency sunk just below that key mark on Monday. This prompted the majority of the market to follow suit as most other cryptocurrencies have a strong correlation to Bitcoin’s movements, except Binance Coin (BNB) In fact, while Bitcoin may be having an impressive […] The post Binance Coin Diverges From the Pack as Bitcoin Breaks Below $10,000 appeared first on BeInCrypto.

2020-2-11 16:34


Фото:

Tether Mints 25M USDT as Exchanges See Deposits Increase to ‘Buy the Bitcoin Dip’

Today has been a busy day for whales in the cryptocurrency market. There has been a significant increase in exchange deposits across the board. Could major players be buying the Bitcoin price dip? Bitcoin has once again dropped below the $10,000 price point, and it looks like major players in the market are using the […] The post Tether Mints 25M USDT as Exchanges See Deposits Increase to ‘Buy the Bitcoin Dip’ appeared first on BeInCrypto.

2020-2-10 20:23


Фото:

An ATOM Decrease Below the Current Support Could End the Upward Trend

The ATOM price failed to break out above the 65,000 satoshis resistance area throughout December and began a downward move that is still ongoing. The price has reached a very significant support level and the ascending support line that has measured the rate of increase since the beginning of the upward movement on September 6, […] The post An ATOM Decrease Below the Current Support Could End the Upward Trend appeared first on BeInCrypto.

2020-1-9 10:44


Фото:

How Do Traders Short Bitcoin With Bexplus

How Do Traders Short Bitcoin? 3 Ways to gain profits on Bitcoin price falls Register on Bexplus via this link and get a permanent 10% trading fee discount. Bitcoin and cryptocurrency markets were suddenly sold off on December 17-18: the world’s largest crypto lost around $400 in price and dived deeply below the important psychological […] The post How Do Traders Short Bitcoin With Bexplus appeared first on BeInCrypto.

2020-1-1 14:03


Фото:

Bitcoin Price Movement Splits Bullish and Bearish Analysts [Premium Analysis]

The Bitcoin price is in the process of reclaiming the previous breakdown level of $7600. A weekly close above it would act as confirmation that the current trend is bullish. On December 17 and 18, the Bitcoin price broke down below a significant support area and reached a low of $6400, causing many people to […] The post Bitcoin Price Movement Splits Bullish and Bearish Analysts [Premium Analysis] appeared first on BeInCrypto.

2019-12-23 20:16


Фото:

Bitcoin’s Bart Pattern Makes Another Appearance [Premium Analysis]

The Bitcoin price just completed a Bart pattern to the downside and is in the process of completing another one. The latter could take the price to $7200 or below. On December 4, the Bitcoin price initiated a rapid upward movement, which could have been caused by a massive transfer of Tether to the OKEx […] The post Bitcoin’s Bart Pattern Makes Another Appearance [Premium Analysis] appeared first on BeInCrypto.

2019-12-5 14:12


Фото:

Tether Treasury Mints 30M USDT After Bitcoin Crashes Below $8,000

Yet again, we have observed the Tether Treasury minting a significant amount of USDT shortly after the Bitcoin price dropped hard to below $8,000. This time, the Whale Alert (@whale_alert) Twitter account has noted a minting of $30 million in USDT on the TRON blockchain by the Treasury, who then moved it to the Bitfinex […] The post Tether Treasury Mints 30M USDT After Bitcoin Crashes Below $8,000 appeared first on BeInCrypto.

2019-10-24 04:08