Why this Bitfinex Bitcoin whale isn’t convinced of the crypto market’s 70% recoveryBTC $6754 (+0.7%) • ETH $138 (+1.3%) • XRP $0.18 (+8.7%)
Ad: Sign up for a Metal MCO Visa Card and get $50 USD — Sign up now
Since the $3,800 bottom, Bitcoin has done surprisingly well, rallying as high as $7,100 just this weekend to register an 87 percent recovery. Altcoins followed suit, posting similar gains to the crypto market’s leader. Despite this convincing bounce, which has been cemented by days of accumulation in the mid-$6,000s, above the key supports in the low-$6,000s, a prominent cryptocurrency trader is not convinced that Bitcoin is ready to head much higher. Here’s why. More news ⏬Bitcoin difficulty dropping isn’t all that positive as many claim, as seen in Dec 2018
The difficulty of mining Bitcoin has dropped by more than 10 percent for the fifth time in the asset’s history. Chainlink nears critical support as data shows long-term “hodlers” may be jumping ship
Chainlink (LINK) shocked cryptocurrency investors throughout 2019 and the early part of 2020, with the crypto incurring an unwavering uptrend that allowed it to post multiple parabolic cycles, rarely showing any signs of technical or fundamental weakness. Here’s why the U.S. unemployment rate may be a big deal for the crypto market
The U.S. stock market has incurred some notable upwards momentum today, marking an extension of that which was first incurred yesterday. Why the world’s biggest crypto exchanges are making a big bet on India
Four months after the high-profile acquisition of Indian crypto exchange WazirX by Binance, BitMEX invested in a $3 million funding round for another local cryptocurrency exchange in India called CoinDCX. What else?♥️ Binance to raise $5 million to help with the global pandemic 🦠 Venture capitalist: 2020’s coronavirus crisis will only prove the value of Bitcoin and crypto Featured event
🗓 April 16-17 • Virtual Event This spring the crypto community will head online to participate in the first-ever BlockDown 2020remote crypto conference and hear from visionary blockchain entrepreneurs and business leaders, including global music artist Akon, Co-Founder & Chairman of Akoin, Roger Ver, Executive Chairman of Bitcoin.com, and Bitcoin Educator Jimmy Song. Learn more Featured sponsors💳 Crypto.com - Founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. With over 1 million users on its platform today, Crypto.com provides a powerful alternative to traditional financial services, turning its vision of ”cryptocurrency in every wallet” into reality, one customer at a time. 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? © 2020 Zenzio Incorporated Unsubscribe
|
