Cryptocurrency News Roundup for April 2, 2020

Cryptocurrency News Roundup for April 2, 2020
фото показано с : beincrypto.com

2020-4-3 09:08

Most major altcoins ended the day in the green yesterday as Bitcoin suddenly ventured to test the waters beyond the barrier of $7,000. It tested the next major resistance around $7,300 before retreating to the high-$6,000s.

At the time of publishing, BTC is down by only 0.5% on the day with the more optimistic among us anticipating it to resume yesterday’s rally.

Meanwhile, in other important crypto news from the past 24 hours:

Bitcoin Faces an Imminent Slowdown in Europe

The European Economy is currently in a ‘dire’ position as the COVID-19 pandemic continues to wreak havoc on pretty much a planetary scale, according to a recent analysis by Dutch multinational banking institution, ING.

The exact scale of the COVID-induced slowdown is yet to be known. However, fear of unemployment is rampant in the community and is causing people to spend less. Against this gloomy backdrop, it is highly likely that the spillover effect from this quasi-recession will lead to a lull in crypto investments.

Read the Full Article

Only $0.26 in Fees for a $670M BTC Transaction — Try That, Gold!

A $670 million Bitcoin transaction this week required just $0.26 in transaction fees. Love Bitcoin or hate it, but one has to agree that this was one of those feats that no other assets — digital or otherwise — would be able to pull off. Such low fees are also encouraging for investors who are worried about the issues surrounding Bitcoin scaling.

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Ethereum Classic, Steem, Kyber Network, and Qtum: 4 Altcoins With Tremendous Potential Right Now

Bitcoin’s dominance has been on the rise yet again since mid-Feb, implying that the vast majority of altcoins aren’t having an easy time out there. Amid all the turmoil, however, four altcoins — ETC, STEEM, KNC, and QTUM — have shown signs of substantial gains in the month of April.

Ethereum Classic (ETC) has found support above its 200-day moving average. Kyber Network (KNC) has reached a primary support level. Steem (STEEM) is following an ascending support line. Qtum (QTUM) is trading near an all-time low.

Read the Full Article

Where Will BTC Stand by the End of 2020? [Analysis]

Bitcoin plummeting all the way down to $3,850 on March 13 was no doubt one of the scariest flash crashes the community has ever witnessed. The impact was perhaps felt even more given that the next halving is going to happen just a few weeks from now and everyone was hoping for the alpha-crypto to embark on a rally ahead of it.

Our technical analyst Valdrin argues how the March 2020 bottom shares numerous similarities to that reached in January 2015. He further points out that if the movement afterward is also similar, the BTC price will consolidate and increase gradually until the end of the year before breaking out and accelerating its rate of increase.

Read the Full Analysis

Bitcoin Analysis for April 2, 2020

The BTC price initiated an upward move on April 2 and broke out above its descending resistance line. The price movement and creation of numerous higher-lows indicates that the price wants to continue moving upwards.

The Bitcoin price broke out from a symmetrical triangle. There is support and resistance at $6,500 & $6,800, respectively. The price is following a longer-term ascending support line.

Read the Full Analysis

The post Cryptocurrency News Roundup for April 2, 2020 appeared first on BeInCrypto.

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major test → Результатов: 103


Bitcoin Price Stumbles 8% in 5-Day Slide as Traders' Fears Rise

By CCN Markets: The bitcoin price has declined by more than 8 percent in the past week from $10.950 to $10,030 across major exchanges like Bitstamp and Coinbase. The bitcoin price tried to test the $10,900 to $11,000 range that has acted as a strong resistance but the increasing sell pressure led to another pullback […] The post Bitcoin Price Stumbles 8% in 5-Day Slide as Traders' Fears Rise appeared first on CCN Markets

2019-8-26 18:56


Tron Releases TronTV Block Broadcast Optimization and New TronGrid APIs in Weekly TRX Report

The major dapp and smart contract ecosystem Tron is taking giant steps to move the platform to higher heights. In its last weekly report, the Tron team announced that the test of the block broadcast optimization solution, and the optimization solution for energy deduction in transaction failure. The team also reported the launch of new […]

2019-5-21 03:24


Pakistan Aggressively Warns India: Do Not Test Our Nuclear Military Power

By CCN. com: Pakistan’s military spokesman has warned India that any threat will be met with the full force of its nuclear arsenal.   In a press conference on Monday, Major General Asif Ghafoor hit back against Indian prime minister Narendra Modi who recently threatened Pakistan with the “mother of all nuclear bombs”: “In your rhetoric, you keep using nuclear power as a threat… Nuclear powers are not a threat, they are a weapon of deterrence that should not be mentioned lightly…Do not test our resolve.

2019-4-30 13:30


Global crypto-adoption: Russia to test cryptocurrencies in 4 regions, Finland begins regulation

Every passing day in the crypto-sphere seems to bring the ecosystem closer to global adoption and the last week of April saw quite a few developments in this regard. In a major boost to cryptocurrency espousal around the globe, the Russian Federation is planning to open up four of its regions to test innovations that […] The post Global crypto-adoption: Russia to test cryptocurrencies in 4 regions, Finland begins regulation appeared first on AMBCrypto.

2019-4-28 20:30


Фото:

Bitcoin Price Analysis: Slow Grind Could Lead to Short Squeeze

Last Friday, we discussed a macro resistance level bitcoin would likely test. The level was tested three times prior and immediately rejected. Now, for the fourth time, we find ourselves situated above the level as we wait to see if our support holds:Figure 1: BTC-USD, Daily Candles, Fourth Test of Macro ResistanceThe first three attempts to hold support above the black, broken resistance have been stifled with relatively high amounts of volume.

2019-3-19 01:17


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Bitcoin Price Analysis: Could Three Times Be the Charm for This Resistance Level?

Bitcoin remains in its tightly coiled range as the market continues its sideways trend for the third week in a row. While macro support has been tested three times recently, we have yet to test the overhanging macro resistance:Figure 1: BTC-USD, Daily Candles, Narrow RangeThe blue zone outlined above shows a very strong zone of support that, over the last few weeks, has seen three strong tests and has led to a slowly upward-drifting market consolidation.

2019-3-16 01:56


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Bitcoin Price Analysis: Low Time Frames Show Signs of Life Amid Weekly Tests

Bitcoin continues to coil tightly within its range-bound market as the bulls and bears fight it out to see which is most dominant. On the lower time frames (TF), bitcoin is managing to find support:Figure 1: BTC-USD, 2-Hour Candles, Low TF SupportThe zone outlined by the green line in Figure 1 represents local support that has kept the market afloat for the last week and a half.

2019-3-13 22:26


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Bitcoin Price Analysis: New High Paves Potential Reversal Setup

After days and days of consolidation, bitcoin finally managed to break a new high for the first time in almost two weeks. This new high, so far, has been short lived, however, as it was almost immediately sold into by eager bears:Figure 1: BTC-USD, 4-Hour Candles, New HighOur current 4-hour candle is seeing a relatively easy retracement after days and days of an upward grind.

2019-3-9 02:08


SWIFT Partners With SGX, Deutsche Bank, DBS, HSBC and Standard Chartered to Test Blockchain e-Voting

The Ultimate Power Group – SWIFT Partners Up With Major Banks While SGX Begins Trials On Blockchain-Backed Voting According to SWIFT, the financial messaging juggernaut, it has officially partnered up with a range of banks across the world, as well as the Singapore Stock Exchange in order to create and subsequently test out a blockchain-based […]

2019-3-7 05:07


Фото:

Bitcoin Price Analysis: Consolidation Breaks Out Into Macro Resistance Test

Over the course of the last 10 days, bitcoin has managed to rally nearly 20% in value as it burst through two major resistance levels and is now beginning the test of a major macro level:Figure 1: BTC-USD, Daily Candles, Macro ResistanceWe can see a clear, descending supply-and-demand channel that governed the market for the last two months.

2019-2-20 01:38


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Bitcoin Price Analysis: Major Support Broken on Expanding Volume and Spread

After weeks of consolidation, bitcoin finally broke through support. The market now finds itself cruising toward prior lows. On expanding volume and spread, the bitcoin market appears ripe for a continuation of the downtrend:Figure 1: BTC-USD, Daily Candles, Broken SupportAlthough the current daily candle has yet to close, unless there is a strong influx of demand hitting the market, it stands to reason that bitcoin will be closing a new daily low for the first time since mid-December.

2019-1-29 02:01


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