Analyst: Bitcoin’s surge past $8,000 may lead it to jump another 25% | Mega multi-billion dollar firms are building on Ethereum, and it’s a good signBTC ⬆️ $8055 (+4.64%) / ETH ⬇️ $142 (-0.44%) / XRP ⬇️ $0.21 (-2.89%)
📈 Trade with $0 Commissions on the ShortHop Crypto Marketplace. Learn more Analyst: Bitcoin’s surge past $8,000 may lead it to jump another 25%; factors and trendsThe upwards momentum that Bitcoin first incurred when it tapped lows of $6,400 has been incredibly strong, ultimately allowing the crypto to blow past its previous resistance level at $8,000 in a sharp upwards momentum incurred by BTC earlier today. HEX origin address emptied out, almost $7 million withdrawnAround $7 million worth of ETH has been withdrawn from an address associated with the HEX cryptocurrency after weeks of speculation that it was headed towards an exit scam. XRP’s technical indicators estimate lower prices despite the bullishnessXRP surged nearly 16 percent on Jan. 6 as Binance launched perpetual swaps. Despite the upswing, this cryptocurrency lost a significant portion of the gains it made. Charles Hoskinson says this will be the decade of CardanoCharles Hoskinson, the CEO of IOHK, believes that this will be the decade of Cardano. Mega multi-billion dollar firms are building on Ethereum, and it’s a good signWith the lead of Microsoft, major multi-billion dollar conglomerates in the likes of Ernst & Young are actively utilizing Ethereum to test blockchain-based applications. Stellar jumps 8% as Bitcoin taps $8,000; what will push XLM even higher?For the third or fourth day in a row, bulls have taken control of the cryptocurrency market. Key data shows Bitcoin uptrend is at risk as Bitfinex longs suddenly plungeBitcoin has rocketed to a 30-day high after posting one of its largest intraday rallies in weeks, but closer inspection suggests the sudden breakout may not mark the start of an uptrend. Here’s why analysts are cautious of Bitcoin despite today’s insane rallyBitcoin’s bulls have been able to greatly extend the momentum that they first generated when BTC tapped lows of $6,400, with this momentum reaching a fever pitch this afternoon as the crypto surges up towards the key $8,000 resistance level. Featured event🇹🇷 IstanBlock 2020 - April 9-10, 2020 - Culminating at the end of a week’s worth of incredible side attractions, exhibitors and speakers from the world of blockchain and crypto, IstanBlock 2020 will allow you to rub shoulders with blockchain experts, government leaders, business tycoons and of course top tier media outlets that specialize in sharing news and information from this ever-evolving space. Learn more Featured companies🇺🇸 ShortHop - ShortHop by Velocity Markets Inc. is a U.S. based marketplace that lets you buy, sell and trade crypto online. Currently offering $0 commissions, ShortHop connects to multiple exchanges and gets you the best price available. Learn more 💸 ZenLedger - ZenLedger is a tax software that enables you to import cryptocurrency transactions, calculate gains and income, and auto-fill tax forms like 8949, Schedule D, FinCen114 & FBAR. Learn more ⛱ LocalCryptos - LocalCryptos is a peer‐to‐peer custody‐less encrypted marketplace for buying and selling ether over‐the‐counter. Learn more 📈 AMFEIX - AMFEIX groups investors' funds into a pool that is managed by experienced traders on liquid exchanges. Our team of professional technical traders and analysts execute open market operations on a daily basis and make profits from the volatility. Learn more Want to be seen here? Contact us Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article. If you liked this post from CryptoSlate, why not share it? |