Bitcoin enjoys boost as protests rage across the United States

2020-6-2 14:36

The cryptocurrency broke its $10,000 resistance level just 15 minutes after President Trump’s Speech

Bitcoin broke through the $10,000 level yesterday, after it rose from $9,895 to $10,429 over the course of 30 minutes, in a new wave of volatility at the daily close. After a week of hovering between the low and mid $9,000s, the cryptocurrency managed to break the psychological resistance at $10k to convince traders to capitalise on the bullish technical set up. This price spike occurred about 15 minutes after President Trump’s speech on handling the law and order situation in the US.

This crucial milestone for Bitcoin can be viewed in light of the chaos across the US over the death of George Floyd at the hands of Minneapolis police officers. Cities witnessed violent protests and full-blown riots, as protesters held marches, looted businesses and in extreme cases, burned down buildings. The mayhem-filled week for the country has yet again drawn attention to sentiments of Bitcoin proponents who claim that the cryptocurrency is a “safe-haven asset” with credibility in times of crisis and can be considered as a “digital gold.”

The present price jump can also be attributed to the steady growth in Bitcoin’s futures market. Further, BItcoin’s price action can also be a result of a large injection of daily trading volume on exchanges, such as Bitstamp and Binance. The coronavirus pandemic is yet another factor. Following the outbreak, this is Bitcoin’s highest price point since February 13.

The cryptocurrency has managed to break the $10,000 resistance level after five failed attempts to break the descending trend line throughout May. The previous time Bitcoin hit the $10,000 resistance level was on May 7, days before the halving. However, the cryptocurrency failed to hold this price point for a considerable time, and fell back to the $8,000 price range after a few days. Since then, Bitcoin has been gyrating between $8,600 and $10,000, until it broke the resistance yesterday.

Notable cryptocurrencies like EOS, Cardano (ADA), Bitcoin Cash (BCH) and Litecoin (LTC) have also witnessed a price climb of over 5% in the last 24 hours. However, it remains to be seen whether Bitcoin can continue to hold onto the $10,000 resistance point for long enough to secure solid support for climbing to higher levels.

The post Bitcoin enjoys boost as protests rage across the United States appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 69415.12 (+0.14%)
Объем 24H $47.852b
Изменеия 24h: 2.78 %, 7d: -4.30 %
Cегодня L: $69321.36 - H: $69415.12
Капитализация $1372.905b Rank 1
Цена в час новости $ 10116.46 (586.16%)

across united bitcoin rage states enjoys protests

Источник: coinjournal.net

across united → Результатов: 119


Фото:

Bitcoin ATMs Hit 7,500 Across the Globe Amid Covid-19 Pandemic 

The Bitcoin (BTC) ATM industry has seen a 70% boom since 2019, with the total number of Bitcoin ATMs installed in various regions around the globe now standing at a massive 7,500. Despite the current regulatory bottlenecks surrounding the cryptocurrency, the United States still dominates the industry, with 5,422 functional Bitcoin ATMs, reports Decrypt onRead MoreRead More.

2020-4-22 19:00


XRP Ripple Breaks Above $0.3000 while the US Senate Debates Crypto Security

The US Senate Debates 2020 Budget and Global Regulations: In the meantime, across the ocean, in the United States, the Senate held a detailed analysis of the upcoming 2021 budget volume and at this event, the US Treasury Secretary Steven Mnuchin was asked by senior members in what manner will the United States Treasury increase […] The post XRP Ripple Breaks Above $0.

2020-2-18 16:55


Coinbase Issues Tax Form 1099K: What Does This Mean for Crypto Investors?

Crypto investors across the United States began receiving their 1099K tax documents from cryptocurrency exchange Coinbase this week. But what does the form actually mean for crypto investors, and what actions need to be taken, if any? Clarifying the 1099K Tax Form From Coinbase For Crypto Investors It’s tax season once again in the United... The post appeared first on NewsBTC.

2020-1-28 20:00


В преддверии Черной пятницы в торговых центрах США установлены биткоин-банкоматы

Базирующийся в Майами поставщик биткоин-банкоматов Bitstop заключил партнерство с сетью американских торговых центров Simon Malls. Just in time for the Holiday Season 🦃🕎🎅 we partnered with @simonmalls and installed 5 #Bitcoin ATMs across the United States.

2019-11-27 15:30


Study: Most Traffic on Major Cryptocurrency Exchanges Comes From the United States and Japan

Nearly 50% of the global cryptocurrency traffic across various premier trading platforms such as Huobi, Bitfinex, OKEX, Kraken comes from Japan, America and South Korea. Crypto-centric traffic coming from China cannot be assessed with a lot of certainty since most altcoin enthusiasts in the region make use of VPNs that mask their identities and exact […]

2019-6-3 09:56


Bitcoin’s [BTC] relationship with the US government is still very ‘unclear,’ claims Ikigai’s Travis Kling

Due to the independence of the virtual asset class, the cryptocurrency industry has often faced criticism in the past, failing to achieve general validation from economic institutions. The scenario has changed over time however, as Bitcoin [BTC] and other crypto assets have started to be accepted across the United States and the world, despite governments […] The post Bitcoin’s [BTC] relationship with the US government is still very ‘unclear,’ claims Ikigai’s Travis Kling appeared first on AMBCrypto.

2019-5-29 17:30


Abra Wallet Partners with Plaid App to Introduce Cryptocurrency Withdrawals Across the USA

A week of success in Abra! The non-custodial wallet introduces real digital asset withdrawals and partners with Plaid, a fintech firm allowing bank withdrawals of cryptocurrencies. Abra Multi-Currency Wallet Now Supports Numerous United States Banks In a bid to keep rendering the best services to its clients, mobile bitcoin wallet and Investment app, Abra, has […]

2019-5-10 19:01


Фото:

Inside North Korea’s evil masterplan to siphon Southeast Asia’s cryptocurrency

North Korea might be posturing to attack Southeast Area’s growing cryptocurrency sector, and experts say it demands international response to reduce the threat. British defense think-tank Royal United Services Institute (RUSI) has warned countries like Singapore, Thailand, Malaysia, and Vietnam could soon become targets of state-sponsored hackers intent on skirting international economic sanctions, CNBC reports.

2019-4-15 12:56


дальше еще 70 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto fear and greed index dive as focus shifts to Vantard

The crypto fear and greed index continued falling, reaching its neutral zone of 56, as most coins retreated.   Bitcoin moved to $68,000, much lower than this month’s high of $73,500. Similarly, Ethereum token fell to $2,400, while the total market cap of all cryptocurrencies dropped to $2.

Why experts are backing cryptos like Vantard, MEW, and Popcat

Cryptocurrency prices are doing well this year, with most of them outperforming traditional assets like the S&P 500, Nasdaq 100, and the Dow Jones. These indices have all jumped by over 15%, while Bitcoin has risen by almost 60%, and is hovering near its all-time high.

Growing number of Solana and Cardano investors are investing heavily in this utility token under $0.08

A growing number of smart money crypto investors are shifting their focus from Solana (SOL) and Cardano (ADA) to an emerging utility token priced under $0.08. The Rexas Finance token offers a unique value proposition with strong use cases in decentralized finance (DeFi) and real-world asset tokenization, making it an attractive alternative to more volatile […] The post Growing number of Solana and Cardano investors are investing heavily in this utility token under $0.08 appeared first on CoinJournal.