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Bitcoin Eyes $14K as US Dollar Breaks Below Classic Support

August 6th, 2020|

Bitcoin pressed higher on Wednesday after finding reliable support at $10,500. The upside move appeared as the US dollar index broke below its classic trendline support that originated back in 2011. With greenback setting new

A $12K-Retest for Bitcoin Likely On-Chain Activity Suggests

August 5th, 2020|

Bitcoin could hit $12,000 or break above it in the coming sessions as its on-chain activity spikes. According to behavioral analysis platform Santiment, the number of daily active addresses climbed above 1 million on August

A Massive Bitcoin Bull Run Awaits as Fed Confirms 2% Inflation Target

August 5th, 2020|

A high inflation environment is creating more upside opportunities for Bitcoin as the cryptocurrency trades near its 11-month high. Recent statements from the Fed officials confirm that they are targeting a 2 percent inflation by

Government Official Updates Progress of India’s Cryptocurrency Law

August 4th, 2020|

A government official has reportedly confirmed that a “note” regarding the legal framework for cryptocurrency in India has been forwarded to related ministries for inter-ministerial discussions. It would then be presented to the cabinet for

Bitcoin is Overvalued at $11,000, Analyst Explains Why

August 4th, 2020|

Bitcoin stands overvalued at $11,000 in the short-term, according to analysts at Phi Deltalytics. The statement followed a drop in net positions on Chicago Mercantile Exchange’s Bitcoin Futures last week. It showed institutional investors are

UBS Expects Gold to Hit $2,000; What Does It Mean for Bitcoin?

August 4th, 2020|

UBS Global predicts that gold would climb to $2,000, at least by September, just as the metal’s correlation with Bitcoin reaches a new high. Wayne Gordan, executive director of Commodities and Forex at UBS, projected

Government-Owned Swiss Bank Launching Crypto Trading and Custody Services

August 4th, 2020|

Basler Kantonalbank (BKB), Switzerland’s eighth-largest bank, is getting into crypto through its subsidiary, Bank Cler. Owned by the Swiss Canton of Basel-City, BKB has total assets of approximately $49 billion. Swiss Canton Bank Launching Crypto

Indians Five Times More Likely to Suffer Crypto-Related Hacks: Report

August 3rd, 2020|

People in India are five times more likely to suffer a cryptocurrency mining hack because of poor consumer awareness, according to a new security report by Microsoft. In its findings published July 29, Microsoft notes