World’s Best Crypto suggestions

After trading below $7.800 for days on end, Bitcoin attempted a run at the level just minutes ago. At first, it seemed like the cryptocurrency had a chance, rallying from $7,770 to $7,870 — a gain of approximately 1.2% — within the span of two minutes. Chart from TradingView.com Unfortunately for bulls, as fast as the cryptocurrency rallied, it reversed. After hitting $7,870, the highest price BTC has traded at since the March 12th crash, “Black Thursday,” it tanked to $7,720. Analysts know this sort of price action as a “Darth Maul” candle, whereas prices rapidly rally out of a consolidation pattern to only be smacked down by bears, often resulting in a red candle that looks much like the lightsaber of Star Wars’ Darth Maul. While the move in the Bitcoin price was relatively small in that it only encompassed around $150, the effects on the derivatives market were strong. Per data from Skew.com, approximately $12 million worth of Bitcoin positions open on BitMEX — both long and short p...

The CEO of GIVE Nation sees stablecoins as a gateway for companies like Facebook and JP Morgan to decentralized assets. Speaking to attendees at Virtual Blockchain Week from her home in Kansas, Alyze Sam, co-author of a major guide to stablecoins , suggested stablecoins could be the key for big companies like Facebook and JP Morgan accepting decentralized assets as payment.  Her midwestern charm matched her deep knowledge of stablecoins, and Sam sees these digital assets as having a place in the crypto world for the long haul.  “They don’t have that decentralization. They don’t fill that freedom that we all want to experience. But stablecoins offer the benefits of a cryptocurrency, including cryptographic security and the ability to transfer assets digitally with speedy transactions.” Screenshot from Virtual Blockchain Week Though some stablecoins like Tether are mired in controversy (Tether was at one point backed only 74% by fiat currency), Sam says that as large...

submitted by /u/YourBabyWhale69 [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/3bYDocQ

submitted by /u/tjeepdrv [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/2xi6ULH

Bitcoin has seen some lackluster price action throughout the past few days, generally finding itself caught within a bout of sideways trading within the mid-$7,000 region as bulls struggle to surmount the heavy resistance that has been laced throughout the upper-$7,000 region. It now appears that bulls are close to turning the tides firmly back into their favor, as one technical indicator suggests that the crypto is currently on the cusp of entering a bull run of historic proportions. Investors are taking notice, as data signals that addresses with non-zero balances have been rocketing higher in recent times. Bitcoin Continues Pushing Higher as New Investors Flock to “Hard Money” Bitcoin’s uptrend in the time following its capitulatory decline to lows of $3,800 has been quite intense, and the crypto has shown signs of strength even in the face of multiple firm rejections at the level right above where it is currently trading at. This strong uptrend may be a sign that its recent lows ar...

submitted by /u/WolfOfFusion [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/2ybJeJt

submitted by /u/aranthabar [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/2KJqWlm