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Two Veteran Traders See Bullish Signs With Bitcoin Rebounding to $8.5K

#Bitcoin price rallied 3.97% to $8.5K but now needs to overcome the 50-EMA to push through $8,500-$8,650

Price Analysis Jan 24: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XLM, ADA

Price Analysis The International Monetary Fund chief economist Gita Gopinath said in a panel discussion at the annual World Economic Forum (WEF) in Davos that Facebook’s Libra was a major trigger that made people reconsider the status of the dollar as the reserve currency of the world. Brazil'..

Exchanges Hold More Bitcoin Than Ever as Coinbase Wallet Nears 1M BTC

Markets News United States cryptocurrency exchange Coinbase will soon hold a million Bitcoins (BTC) in its cold wallets in a controversial first for the industry. According to data from news and information resource Longhash released on Jan. 23, Coinbase’s cold wallets contained around 970,000 BTC..

US Deficit Will Be at Least 6 Times Bitcoin Market Cap — Every Year

Markets News The average budget deficit of the United States will “never” be less than $1 trillion per year in the future — or 4.5% of GDP, worrying data on the fiat economy shows. Compiled by the U.S. Congressional Budget Office (CBO) and shared by crypto hedge fund manager Travis Kling on Jan. ..

Litecoin ‘Digital Silver’ Narrative Is Proven Wrong, New Data Shows

Market Analysis The start of 2020 has seen considerable gains in the cryptocurrency market as a whole. Recently, Bitcoin (BTC) price reached a 2-month record high crossing above the $9,000 mark as well as other cryptocurrencies such as Litecoin (LTC) reaching $62.80 which is the highest price seen..

Chiliz Launches Crypto Exchange for Trading Sports Fan Tokens

News Malta-based sports blockchain venture Chiliz is launching a cryptocurrency exchange for sports and entertainment tokens. In a press release shared with Cointelegraph on Jan. 23, Chiliz detailed that the new exchange — Chiliz.net — will roll out in February after the beginning of Fan Token Off..

Bitcoin Price Slides to $8.5K as 200MA Resistance Keeps Bulls in Check

Market Update Bitcoin (BTC) dipped below $8,500 on Jan. 23 as traders’ expectations of a slow downtrend from recent highs appeared to slowly come true.Cryptocurrency market daily overview. Source: Coin360 BTC returns to $8,400sData from Coin360 and Cointelegraph Markets showed BTC/USD reach lows..

Price Analysis Jan 22: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XLM, ADA

Price Analysis Recently Hiromi Yamaoka, the former head of payments and settlements at the Bank of Japan, said that Facebook’s Libra has forced central banks to research and consider issuing central bank digital currencies (CBDC). Currently China is leading the race in developing a CBDC but it app..

Bitcoin Risk-Adjusted Returns Beat Gold, Stocks After Each Halving

Market Analysis Bitcoin (BTC) outperforms major assets such as gold, real estate and stocks if an investor holds it for just four years, popular data confirms. Highlighting the success of Bitcoin as an investment tool on Jan. 22, veteran cryptographer Nick Szabo noted Bitcoin is so far unmatched c..

Bitcoin Price Tightens as Traders Prepare for a Second Shot at $9.2K

Market Analysis After a strong two week performance that saw Bitcoin (BTC) price rise from $7,700 to $9,200, the top crypto asset appears to be consolidating before making another attempt at $9,200. As this process takes place and Bitcoin’s dominance rate dropped slightly, many altcoins rallied wi..

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