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Why Analysts Expect Ethereum to See Further Downside Following Intense Selloff

Source Node: https://bitcoinist.com/why-analysts-expect-ethereum-to-see-further-downside-following-intense-selloff/?utm_source=rss&utm_medium=rss&utm_campaign=why-analysts-expect-ethereum-to-see-further-downside-following-intense-selloff
Time Stamp: August 2, 2020 3:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Ethereum witnessed some intense overnight volatility that caused its price to slide as low as $300 This intense selling pressure came about in tandem with that witnessed by Bitcoin – which caused its price to slide down to lows of $11,000 Analysts are now noting that ETH may be positioned to see further downside due to the strength of this movement Although it has found some support and stability within the mid-$300 region, weakness against its BTC trading pair may also drag it lower Ethereum and the entire cryptocurrency market

$500M Liquidated: Bitcoin Slides to Crucial Level Following Overnight Volatility

Source Node: https://bitcoinist.com/500m-liquidated-bitcoin-slides-to-crucial-level-following-overnight-volatility/?utm_source=rss&utm_medium=rss&utm_campaign=500m-liquidated-bitcoin-slides-to-crucial-level-following-overnight-volatility
Time Stamp: August 2, 2020 12:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bitcoin bore witness to some intense overnight volatility that came about after it hit highs of $12,000 From this point, the cryptocurrency decline to lows of $11,000 before finding some strong support Despite buyers protecting this level, its inability to post any type of strong bounce here does seem to be a negative sign for the cryptocurrency The sharp cliff formed as a result of the overnight selloff also led to massive liquidations amongst buyers Despite the blow this struck to BTC’s market structure, some analysts remain bullish, noting that

What Are Analysts Saying After Ethereum Crashed 26% in Under Ten Minutes?

Source Node: https://bitcoinist.com/what-are-analysts-saying-ethereum-dove-26/?utm_source=rss&utm_medium=rss&utm_campaign=what-are-analysts-saying-ethereum-dove-26
Time Stamp: August 2, 2020 2:04 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

After a nearly unstoppable rally, Bitcoin and Ethereum faced an extreme correction just an hour ago. After moving above $12,000 for the first time in a year, BTC slipped by about $1,500 in five minutes while Ethereum crashed upwards of 26%, per some reports. Chart of ETH's recent price action from TradingView.com This extreme move — which was arguably one of the fastest drops in the history of this market — sent ripples throughout the market. According to one trader, $1 billion worth of Bitcoin and Ethereum futures positions were

If Bitcoin Hits $8K, What Will Happen Next?

Source Node: https://cointelegraph.com/news/if-bitcoin-hits-8k-what-will-happen-next
Time Stamp: April 9, 2020 12:48 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has been holding above $7K, but where will its next move take it? Many investors are eyeing $8K as a key level for continuing Bitcoin’s upward momentum and possibly pushing it into a bull market. However, a couple traders believe Bitcoin could easily make a reversal in the near future and plummet back down to $3K. BBC featured trader Charlie Burton and co-founder of Genesis Block HK Clement Ip weighed in on Bitcoin’s short term and long term future in Cointelegraph’s latest crypto market discussion video.Will Bitcoin Make it

Blockchain App Used to Track COVID-19 Cases in Latin America

Source Node: https://cointelegraph.com/news/blockchain-app-used-to-track-covid-19-cases-in-latin-america
Time Stamp: April 5, 2020 11:22 PM - Modified On: May 21, 2021 - Published By:
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A Canada-based company is turning to blockchain technology in their efforts to fight the coronavirus pandemic in Latin America.Emerge, a blockchain startup based in Toronto, is launching a public safety system app called Civitas to assist local authorities in many nations. According to a company blog post, the app was designed “to improve safety and cut store wait times by reducing gatherings in tight spaces, reducing the probability of contagion.” The software program could associate locals’ government ID numbers with unique blockchain records, allowing authorities to determine if they qualify for

New Research Suggests Bitcoin’s Satoshi Nakamoto Also Created Monero (XMR)

Source Node: https://coinfomania.com/research-claims-bitcoin-nakamoto-created-monero/?utm_source=rss&utm_medium=rss&utm_campaign=research-claims-bitcoin-nakamoto-created-monero
Time Stamp: April 2, 2020 5:38 AM - Modified On: August 29, 2021 - Published By:
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New evidence suggests that the anonymous creator of Bitcoin, Satoshi Nakamoto, might have also created privacy-focused cryptocurrency, Monero (XMR). For one thing, Bitcoin (BTC) and Monero share quite a number of similarities including the anonymity of their founders. Nakamoto same as Nicolas van Saberhagen? Conducted by Monero Outreach, a workgroup of the decentralized Monero community that aims to drive greater Monero adoption and awareness, the research claimed that Nakamoto and the unknown author of the Monero whitepaper, Nicolas van Saberhagen, may have been the same person or group.  According to