Cryptocurrency News Roundup for March 23, 2020

Cryptocurrency News Roundup for March 23, 2020
фото показано с : beincrypto.com

2020-3-24 09:58

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 you will see that the cryptocurrency market is doing notably better relative to most conventional assets.

On that optimistic note, let’s quickly review some of the major new developments in the cryptocurrency space over the past 24 hours.

Deadline for Cryptocurrency Tax Filings Extended Due to COVID-19

Traders and investors who made profits in the digital assets market last year have been given an additional 90 days to file and pay their taxes. This grave period will also allow taxpayers to delay payments up to $1 million individually.

Read the Full Article

Global Financial Markets Could Recover in Early-2021

The chief U.S. equity strategist at JPMorgan has stated that stimulus packages and containment will empower the economy to gradually recover over time. He added that assuming everything goes as per plan, the coronavirus-induced global slowdown will eventually wear out and the markets will almost fully recover early next year.

Read the Full Article

Bitcoin Posts Massive Green Candle

The Federal Reserve is reversing its previous decision of setting aside $700 billion for asset purchases. Instead, it has now removed the cap entirely and will be purchasing an ‘unlimited amount of Treasuries and mortgage-backed securities’ to support the financial market. The Fed also announced a new lending program that will provide up to $300 billion to support companies.

The news proved to be bullish for Bitcoin even if in the short-term. Shortly after the news broke, the BTC price surged from the high-$5,000s and went all the way up to $6,700 before pulling back.

Read the Full Article

Bitcoin SV Sprints Past Litecoin

A small relief rally allowed Bitcoin SV (BSV) to overtake Litecoin (LTC). The now sixth-largest cryptocurrency is one of the best-performing digital assets this week and definitely the most noteworthy. The price of BSV has increased by 20.3% to 0.02741 BTC.

Read the Full Report

Tougher Times Ahead for ETH Traders

At the time of writing, Ethereum was trading at $133. Well-known trader @CryptoNTez outlined an Ethereum chart that shows the price being rejected by a significant resistance area on March 20. As for the future movement, he predicts a price decrease toward $116 initially and $100 afterward.

Read the Full Analysis

STEEM Loses Momentum Following Impressive Two-Day Gains

Last week, BeInCrypto posted an article looking at the prices of both STEEM and DASH, stating that the increases do not seem natural, especially in the case of STEEM. On March 18, the STEEM price initiated one of its most volatile movements to date. It increased by a massive 250% in two days, reaching a high of 8,187 satoshis. However, what followed has been a similarly paced price decrease.

Read the Full Analysis

Bitcoin Premium Analysis The Bitcoin price has reached a weekly close above its 200-week moving average (MA). It may be following an ascending support line. There is resistance at $6,100 and $6,750. There is support at $5,200 and $4,200

Read the Full Analysis

The post Cryptocurrency News Roundup for March 23, 2020 appeared first on BeInCrypto.

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monday cryptocurrency 2020 roundup march further shaken

monday cryptocurrency → Результатов: 126


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Record Breaking Interest – Observing the Predictive Power of Bitcoin Futures Over BTC Spot Prices

Bitcoin futures providers have been seeing a lot of action during the last two weeks as cryptocurrency markets have been extremely volatile. Data shows there’s been significant open interest on both retail and institutional bitcoin derivatives exchanges and Skew research noted bitcoin options open interest was just shy of $1 billion on Monday.

2020-2-29 03:20


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Trump Views Crypto a Threat, Proposes Countermeasures in New Budget

The White House released the Budget of the U. S. Government on Monday, outlining some proposals to increase cryptocurrency oversight which President Donald Trump views as priorities. The budget proposes giving the Treasury more power over crypto and requests funding for FinCEN to expand its efforts to combat threats including from cryptocurrency.

2020-2-12 18:35


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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


Binance Adjusts Its Fee Structure To Entice Market Makers To Increase Futures Liquidity

The largest cryptocurrency exchange in the world in terms of volume, Binance, has revised its fee program in efforts to reward market makers for increasing futures liquidity CoinDesk reports. In an official press statement released on Monday, Binance revealed that market makers for the Futures program will be awarded a negative fee for various trading […]

2020-2-5 00:28


Ethereum Technical Analysis Sees ETH Track BTC Higher

Ethereum has a bullish short-term trading bias and a bearish medium-term outlook The four-hour time frame shows that a bullish inverted head and shoulders pattern has formed The daily time frame shows that a breakout above the $140 level could be very bullish for ETH/USD Ethereum is moving higher on Monday, as the second-largest cryptocurrency […] The post Ethereum Technical Analysis Sees ETH Track BTC Higher appeared first on Crypto Briefing.

2020-1-6 20:46


Bitcoin price may collapse below eight-year growth curve; can bulls retake control?

Once again, Bitcoin (BTC) has started to slip. After trading above the key $7,000 support for days on end, the cryptocurrency slipped on Monday, tumbling to $6,800, then $6,700 on Tuesday. Right now, bears still seem to be in full control of the crypto market, having pushed BTC from $14,000 to $7,000 over the past […] The post Bitcoin price may collapse below eight-year growth curve; can bulls retake control? appeared first on CryptoSlate.

2019-12-18 12:00


VeChain Price Analysis: Swift Progress

VeChain has a bullish short-term and medium-term trading outlook The four-hour time frame shows that a bullish breakout from a wedge pattern has taken place The daily time frame shows that a bearish head and shoulders pattern is still looming over the VET/USD pair   VeChain is outperforming the broader cryptocurrency market on Monday with […] The post VeChain Price Analysis: Swift Progress appeared first on Crypto Briefing.

2019-12-3 18:52