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

Source Node: https://bitcoinist.com/bitcoin-eyes-14k-as-us-dollar-breaks-below-classic-support/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-eyes-14k-as-us-dollar-breaks-below-classic-support
Time Stamp: August 6, 2020 1:26 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

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 downside targets based on technical parameters, Bitcoin could extend its gains further as it eyes a $14,000-retest. Bitcoin climbed higher during the Wednesday trading session as demand for alternative safe-havens remained stronger against an underperforming US dollar. The benchmark cryptocurrency rose 5 percent to close at $11,756.75 (data from Coinbase). Its gains followed a record

InstaDapp Guide: Bridge to All DeFi Platforms

Source Node: https://www.asiacryptotoday.com/instadapp-guide-bridge-to-all-defi-platforms/
Time Stamp: August 5, 2020 11:21 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

One of the drawbacks of decentralized finance (DeFi) protocols today is that you need different platforms to perform specific functions instead of having them all in one place. And that’s the problem that Instadapp is trying to solve. Instadapp is a DeFi platform that provides users and developers with a single point of integration to access all the DeFi protocols. As we are in the early days of the decentralized web, Instadapp aims to be a window into multiple DeFi services — tools that make transactions of crypto assets easier.

mStable DeFi Guide: Ultimate Stablecoin Solution

Source Node: https://www.asiacryptotoday.com/mstable/
Time Stamp: August 4, 2020 10:44 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

mStable is a newly launched DeFi protocol aimed at streamlining the application of stablecoins in a unified ecosystem it aims to create. There are many projects that seek to increase the adoption of cryptos by linking them to traditional financial systems. Stablecoins, for one, have been created to do just that. Using blockchain and smart contracts, the crypto community has devised a way to make digital asset representation of fiat currencies. But even behind the recent developments surrounding stablecoins, a concern still remains: the assets that back the number of

Cryptocurrency News Roundup for Aug 3, 2020

Source Node: https://beincrypto.com/cryptocurrency-news-roundup-for-aug-3-2020/
Time Stamp: August 3, 2020 3:43 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bitcoin started the week on a positive note after an unusually volatile weekend by recent standards. The BTC/USD price temporarily reached a local high of over $12,000. The eventful weekend was preceded by a credit-rating downgrade from Fitch who placed a “negative outlook” on the United State’s triple-A rating on Friday. Fitch added that a “resurgence of inflation” could be on the cards, which would in turn force the Fed to increase interest rates. It would be interesting to see the effects that would have on Bitcoin and its brethren.

DEX Trading Volume Tops $4 Billion in July 2020

Source Node: https://beincrypto.com/dex-trading-volume-tops-4-billion-in-july-2020/
Time Stamp: August 3, 2020 12:58 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The meteoric growth in the trading activity for decentralized exchanges (DEX) is not slowing down as the total volume for July exceeds $4 billion. Monthly DEX volumes have been on a tear since the start of 2020 with increasing returns seen in the last three consecutive months. DEX platforms continue to attract massive trading volume and their native tokens are reportedly providing greater returns than centralized exchange (CEX) counterparts. DEX July 2020 Volume Sees 12x Year-on-Year Growth According to data from on-chain analytics platform Dune Analytics, the total DEX volume

Dramatic $17,000 Bitcoin Peak Possible Within Weeks Based on Halving Fracal

Source Node: https://www.newsbtc.com/2020/08/01/bitcoin-peak-possible-fractal/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-peak-possible-fractal
Time Stamp: August 1, 2020 3:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

If a fractal plays out on Bitcoin price charts matching the previous halving post-consolidation breakout, the cryptocurrency could keep on climbing from here. The target, if the rally takes a similar path, would put valuations of the top cryptocurrency at between $15,000 to $17,000 before peaking. Bitcoin Breaks Out: What Happens Next Will Be Fast and Furious Bitcoin price exploded early last week on the heels of gold setting a new record and the government committing to another $1 trillion in stimulus spending. Inflating money supply has prompted a flight

Bitcoin Just Broke Past $11,500—and That’s Huge For Bulls

Source Node: https://www.newsbtc.com/2020/08/01/432966/?utm_source=rss&utm_medium=rss&utm_campaign=432966
Time Stamp: August 1, 2020 3:02 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bitcoin is ripping higher once again. In the past few hours, the leading cryptocurrency has begun to test the year-to-date highs at $11,500. And just minutes ago, BTC reached a local high of $11,700 after an influx of buying pressure. It is unclear if this rally is sustainable yet: Bitcoin has yet to close above $11,500 on any longer-term time frames like the 4-hour, 12-hour, or one-day charts. Chart of BTC's price action over the past 10 days from TradingView.com Analysts say that Bitcoin breaking past $11,500 increases the potential