Weekend Reads | Bitcoin’s crazy 30% January performance suggests a boom is coming: here’s whyBTC $9423 (+0.5%) • ETH $191 (+5.4%) • XRP $0.25 (+4.6%)
📈Ad: Trade with $0 Commissions on the ShortHop Crypto Marketplace. Learn more Top news of the past week3️⃣ These three cryptocurrencies could serve as a hedge against Bitcoin 🌒 Coinbase going offline leads to insane Bitcoin volatility; here’s what could happen next 🏆 Brave Browser voted the best privacy-focused product of 2019 🚀 IOHK working hard on making Cardano a commercial product 📈 Renowned analysts comment on Bitcoin, Ethereum, and XRP as the uptrend resumes Access exclusive content, in-depth market analysis, original insights. Bitcoin’s crazy 30% January performance suggests a boom is coming: here’s whyIn December, analysts across the board were almost certain that Bitcoin was poised to fall to the $5,000s and maybe even lower; after surging to $14,000 by June 2019, the cryptocurrency had entered a steep downtrend, marked by successive lower lows and lower highs. Bitcoin community goes bonkers as Twitter adds BTC emojiBitcoin HODLers, uh, rejoice! Today, Twitter bequeathed on us a gift: the Bitcoin hashtag now has its own emoji. Key technical pattern suggests Bitcoin’s bear trend is over; levels to watch forBitcoin’s firm 2020 uptrend has done more than just put some more money into the pockets of investors, as it now appears that it has fundamentally altered BTC’s market structure, signaling that a reversal of the recent bear market is imminent. Lawsuit accuses Tron of illegal working environment and unethical business practicesPopular blockchain platform Tron has seen its fair share of controversy over the past few years, with critics often targeting the platform’s “hype first, product second” growth strategy as one that is harmful to the appearance of the entire crypto industry. Here’s why Bitcoin could obsolete the U.S. dollar, euro, and all fiatFor years, the primary use case of Bitcoin has been debated. The detractors, often economists and mainstream investors, say it’s nothing but a speculative asset; others say it’s simply a digital store of value or a form of “digital gold,” nothing more. Blockstack reports insane user growth, but crypto analysts think it’s a money grabBlockstack – a “decentralized computing network and app ecosystem” – announced in a recent blog post that they hit a massive network milestone of acquiring one million users on the platform, allowing them to unlock $6.8 million in additional funding, per the terms of their 2017 crypto token offering. Fewer Bitcoin investors are selling BTC: exchange deposits drop to 12-month lowSince July 2019, the amount of Bitcoin deposits on cryptocurrency exchanges has significantly declined. More reading🇬🇧 Ledger tells Londoners to “take back control” using crypto and “choose freedom” on Brexit Day 📈 Dash’s network stats show usage growth, but technical patterns estimate a correction ⛏ Miners switching from BCH to BTC could be behind the 5 hour block time on Bitcoin Cash 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 sponsors🇺🇸 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 🧠 Bitsmax - an innovative service, based on neural network, that allows you to make passive and stable profit, even if you absolutely do not understand cryptocurrencies. Just make a deposit and start your way as crypto investor with Bitsmax! 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? |