Cryptocurrency News Roundup for May 13, 2020

Cryptocurrency News Roundup for May 13, 2020
фото показано с : beincrypto.com

2020-5-14 12:20

Following a low-key third halving (in terms of price), Bitcoin was maintaining a sort of quasi-stability in the high-$8,000s for nearly two days.

On Wednesday, however, things started pacing up once again as the benchmark cryptocurrency crossed the psychological barrier at $9,000 and then went straight past the resistance at $9,200. Many observers were anticipating the bears to take over after the BTC price approached this key resistance line — but that didn’t happen.

At the time of publishing, the BTC/USD pair is trading just above $9,600, as bulls eye the resistance at $9,750.

In between all the speculations surrounding the BTC price, data from Blockchain.com has confirmed that miners lost almost 47% in revenue on Tuesday after block rewards were slashed in half on the previous day. More specifically, compared to $17.16 million in block rewards and transaction fees on Monday, miners pulled off only $8.95 million on Tuesday. That figure further slid further down to $7.82 million on May 12.

Meanwhile, in other important news:

This 2014 Bitcoin Fractal Could Predict the Upcoming Correction

Bitcoin’s current upward momentum seems to be following a January 2014 fractal, according to the well-known crypto trader @CryptoCapo_. If the fractal continues to be followed, BTC will break down from this ascending support line and validate it as resistance afterward.

The Bitcoin price is possibly following a fractal from January 2014. The current upward move has been stronger than that in 2014. If the fractal is followed, Bitcoin has just begun a correction that could continue for several months.

Read the Full Analysis

BitMEX Accused of Fraud in April 2020 Lawsuit

A new report reveals that BitMEX was on the receiving end of a lawsuit in California’s Superior Court earlier this April.

In the ongoing case, the plaintiff alleges that the exchange was in violation of several financial laws and regulations. More specifically, BitMEX now finds itself defending itself against six separate allegations involving fraud, breach of contract, breach of covenant good faith and fair dealing, unjust enrichment, negligent misrepresentation, and promissory estoppel.

Read the Full Article

Ethereum Locked on Bitfinex Worth More Than the Entire the DeFi Market

The amount of Ethereum currently locked into DeFi markets is now far below that which is held on Bitfinex. According to Defipulse.com, staked DeFi ETH has been on a downward slide since its peak in early February and is currently at 2.7 million ETH.

Meanwhile, Tether, and other ERC-20 stablecoins and crypto tokens, are consuming more of the Ethereum network than ever before.

Read the Full Article

These 3 Coins Have Broken Out Above Crucial Moving Averages

BeInCrypto’s technical analyst Valdrin shines the light on three altcoins that recently moved above their 200-day moving averages (MA).

The Cardano (ADA) price has increased above and then validated the 540 satoshi level as support. Stellar (XLM) is showing signs that the price has completed its correction and will begin to move upward. Unlike the other two coins, Zilliqa (ZIL) has yet to flip its main resistance level (95 satoshis) as support.

Read the Full Analysis

Paid Cryptocurrency Group Dumps Tierion (TNT) Bags on Subscribers

Tierion (TNT) experienced a pump-and-dump from a paid cryptocurrency group called Palm Beach Confidential. The group has informed its subscribers that it was selling all its TNT due to “information that has come to our attention.”

Read the Full Article

Telegram Officially Ditches TON

Following a long-standing legal scuffle with the SEC, instant messaging platform Telegram has finally decided that its maiden venture into the realm of crypto/blockchain is not worth pursuing anymore. The company officially confirmed earlier this week that it will no longer be working on the Telegram Open Network (TON).

Telegram raised $1.7 billion in a 2018 ICO for its TON blockchain. However, it has already delayed the launch of the project due to regulatory concerns and has now completely jumped ship.

Read the Full Article

The post Cryptocurrency News Roundup for May 13, 2020 appeared first on BeInCrypto.

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cryptocurrency resistance once again pacing however things

Источник: beincrypto.com

cryptocurrency resistance → Результатов: 126


Фото:

Bitcoin is About to Start a Fresh Macro Bull Cycle Once It Captures Key Level

Bitcoin has been able to maintain the bulk of the gains that came about during yesterday’s intense upswing Buyers are still struggling to firmly surmount the key $10,000 region, however, as it appears that bears have established heavy resistance here The cryptocurrency could still be on the cusp of entering a macro bull-cycle, and one analyst is noting that the key level that needs to be shattered exists just above BTC’s current price Bitcoin has […]

2020-5-9 21:00


Фото:

Here’s How Bitcoin Could Force Altcoins to Set “Major Lows”

Bitcoin has posted a notable upswing today that has allowed it to approach its next key resistance level at $9,500 The cryptocurrency’s intense uptrend is showing no signs of slowing down as it continues gaining dominance over the entire market Some analysts are now noting that altcoins could be positioned to see some serious losses in the weeks ahead as they all decline against their BTC trading pairs The aggregated cryptocurrency market has continued declining […]

2020-5-8 02:00


Фото:

Ethereum Narrowly Avoids a Bloodbath as Bulls Struggle to Defend Critical Support

Ethereum saw a sharp overnight selloff that caused it to briefly dip into the sub-$200 level, putting it at grave risk of seeing a capitulatory decline Buyers were able to guard against this, however, and subsequently propelled the cryptocurrency back into the $200 region It now appears that ETH could still be at risk of seeing significant near-term downside, however, as a failure for it to surmount a resistance level it is currently stuck below […]

2020-5-8 23:00


Фото:

It’s a Critical Moment for Bitcoin as Analysts Eye a Move to $14,000

Bitcoin saw some notable overnight volatility that caused it to post an upswing followed by a swift rejection, before once again climbing higher The benchmark cryptocurrency is now moving to test its next key resistance that sits at roughly $9,500 Analysts are now noting that a clean break throughout a heavy overhead supply region just above BTC’s current price could be just what it needs to make a move up to $14,000 Bitcoin’s intense uptrend […]

2020-5-7 21:00


Why Analyst That Called Bitcoin’s $3,200 Bottom Expects a “Face-Melting” Move

After a multi-day consolidation around $9,000, Bitcoin is finally breaking out again. Thursday morning saw the cryptocurrency hit $9,400, revisiting the highs of last week as bulls step in. While the ever-important $9,400-9,500 zone has held as macro resistance yet again, the asset is coiling for a breakout. And according to a top analyst, one...

2020-5-7 14:00


Bitcoin on the Cusp of Going Parabolic as an Elusive Indicator Flashes

Bitcoin has seen some notable upwards momentum today that has allowed the benchmark cryptocurrency to surmount the heavy resistance that it was previously facing at $9,200. Today’s upwards breakout marks a bullish resolution to the extended bout of sideways trading that the crypto was previously facing while it hovered around $8,800 for the past several...

2020-5-7 20:30


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Bitcoin May be Topping Out After Buyers Lost a Key Level

Bitcoin has fallen back into the upper-$8,000 region after facing yet another firm rejection at $9,200 This latest rejection marks the third one that the cryptocurrency has seen in recent times, signaling that the resistance here could ultimately prove to be insurmountable Analysts are now noting that Bitcoin is flashing signs of forming a local top, signaling that the crypto is now poised to see further downside in the days and weeks ahead Bitcoin has […]

2020-5-4 19:00


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Bitcoin Analyst Who Called $3,200 Bottom in 2018 Thinks This Trajectory Is Next

The past few days have undoubtedly been bullish for Bitcoin, with the cryptocurrency ripping over 20% higher from the mid-$7,000s to a price as high as $9,500 over the course of 48 hours. Since hitting $9,500 though, BTC has stalled, entering a consolidation around $8,800 as the market becomes indecisive, stuck between support around $8,500 and resistance at the ever-important level of $9,000.

2020-5-3 10:03


Фото:

Bitcoin Just Shattered an “Optimal Short” Level; Here’s What This Means

Bitcoin saw a surprising overnight surge that allowed the cryptocurrency to capture a position within the $8,000 region This movement came about after an extended period of consolidation and multiple firm rejections at $7,800 BTC’s present momentum may not last too long, however, as the crypto is fast approaching a level that analysts are describing as an “optimal short” due to the resistance that has been established here Bitcoin’s intense uptrend from its recent lows […]

2020-4-30 21:00


Фото:

Cryptocurrency News Roundup for April 28, 2020

Bitcoin resumed its upward momentum Wednesday as the price inched closer towards $8,000. The benchmark cryptocurrency closed the day above the key resistance area around $7,800. While $8,000 remains untouched during the current rally, optimistic traders believe that a new bull run could be in the cards, especially considering that the BTC price currently trading […] The post Cryptocurrency News Roundup for April 28, 2020 appeared first on BeInCrypto.

2020-4-29 11:14


Фото:

Ethereum Forms Grim “Triple Top” Formation as 92% of Traders Go Long

Ethereum has pushed higher despite Bitcoin’s stability, leading bulls to retest its key near-term resistance The cryptocurrency is on the cusp of forming a highly bearish technical formation that could be confirmed if it posts another harsh rejection at its current price level This comes as 92% of traders on Bitfinex go long on ETH, signaling that a long squeeze may be imminent Although Bitcoin has continued extending its bout of rangebound trading within the […]

2020-4-29 23:00


Фото:

Bitcoin’s Implied Volatility Craters after Bears Fire “Warning Shot”

Bitcoin’s implied volatility has cratered in recent times, plummeting back to its pre-crash levels This comes as the cryptocurrency continues extending its intense uptrend as bulls attempt to propel BTC back up towards the $8,000 region Bears have firmly established the upper-$7,000 region as a strong resistance region, and analysts don’t expect it to be surmounted anytime soon Bitcoin has continued extending its recent uptrend despite facing multiple strong rejections at $7,800 yesterday. One trend […]

2020-4-28 02:00


Фото:

Ethereum Showing Signs of Tiredness as Analysts Expect Underperformance

Ethereum is in the process of surmounting the key $200 resistance level as its bullishness grows The cryptocurrency’s rebound from its March lows has been intense, although analysts are noting that a strong pullback could be in the cards This comes as traders note that they anticipate ETH to underperform Bitcoin in the days and weeks ahead Ethereum is now in the process of rallying up to $200, marking a significant extension of the momentum […]

2020-4-26 22:00


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This “Golden Pocket” Could Wipeout Ethereum’s Momentum

Ethereum is rapidly approaching its local highs as bulls begin garnering significant strength There is one “golden pocket” resistance level that could spark a major selloff if ETH is rejected here Some top traders are still noting that they expect this uptrend to extend significantly further The intense uptrend Ethereum incurred yesterday was able to further extend overnight, with the cryptocurrency pushing will into the mid-$180 region as its buyers make a bid at revisiting […]

2020-4-24 23:00


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Cryptocurrency News Roundup for April 6, 2020

Bitcoin managed to venture beyond the resistance of $7,200 in the late hours on Monday and is trading for just under $7,300 at the time of publishing. This is making the optimists in the community conclude that bulls are totally in control of the market now and the coast is clear until the next major […] The post Cryptocurrency News Roundup for April 6, 2020 appeared first on BeInCrypto.

2020-4-7 10:10


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