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Cryptocurrency News Roundup for April 21, 2020.

Bitcoin was forced to retreat from the low-$7,000s on Tuesday following an unprecedented fall in crude oil prices. This was expected, though, considering a sharp drop in oil prices almost always has repercussions for most other major asset classes. origin »

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Argentina: Central Bank Tests Blockchain Settlement Solution.

Argentina’s central bank in partnership with blockchain development firm IOV Labs is testing out a blockchain-based institutional solution for payment settlement and improved traceability. Argentina’s Central Bank Leverages Blockchain Technology According to Fintechzoom, South-American blockchain heavyweight IOV Labs has developed a proof-of-concept roadmap based on its RSK Smart Contract. origin »

Tezos (XTZ) Price Analysis (April 21).

Key Highlights A relative number of falls has featured in the market’s valuation of XTZ/USD. A downward breach at the $2 mark, will lead XTZ/USD price trading lower around the i$1. 8 major accumulation territory afterward. origin »

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It’s Decision Time for Ethereum as Analysts Eye Full Retrace of Uptrend.

Ethereum has been hit hard by the recent market-wide downtrend Analysts now expect ETH to surrender all of the gains that it posted over the past couple of weeks Ethereum has been particularly impacted by the crypto market’s recent downturn, with the second largest cryptocurrency erasing the vast majority of the gains that were incurred as the result of its recent uptrend seen last week. origin »

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Bitcoin Enters Multi-Year Trading Range as Mixed Signals Flash.

Bitcoin has stabilized above $6,800 after its recent dip below $7,000 It has now entered what appears to be a historic trading range that has been developed over many years Analysts are noting that the crypto is now sending mixed signals with regards to where it might trend next In the time following Bitcoin’s intense decline below $7,000 yesterday, the benchmark cryptocurrency has since been able to stabilize above its near-term support at $6,800. It […] origin »

Chainlink (LINK) Price Analysis (April 21).

Key Highlights LINK/USD market now faces a small correction after striving to make a series of lower highs below a high value at $4 mark. A northward breakout of the $4 major distribution territory will play a crucial role in determining a bullish resumption of the LINK/USD market. LINK/USD bears may push to form a […] origin »

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