Bitcoin Price and Technical Market Analysis May 29th, 2020
Buyers have updated the local high at the mark $9589 and are fixed above the range $9200-9400. The breakdown of $9700 and the test of $10,500 remain the main scenario. If sellers break $9200 they will open the prospect to $8660. Yesterday’s trading on Bitcoin market ended with the closing of the daily candle at […]
Bitcoin Inflation Rate Falls Well Below Global Average Fiat Inflation Rate, Prompting Bullish Sentiment
After the block reward halving, the Bitcoin inflation rate has declined to 1.5% The Bitcoin inflation rate has fallen below the global average fiat inflation rate for the first time ever as can be seen in the below Tweet from economist Mati Greenspan. In-fact, the Bitcoin inflation rate is now only about half of the […]
Trending Bitcoin News and Market Sentiment May 29th, 2020: CME Futures Expiry Today Worth 50% of Open Interest, US Think Tank Releases Digital Dollar White Paper
Bitcoin price ascent continues today to a high so far of USD 9,621 Significant futures contract expiry today, 50% of open interest, could determine where price goes next White paper detailing digital dollar is released by a US think tank Bitcoin continues in its steady ascent today, with a high so far of USD 9,621 […]
Ethereum Price and Technical Market Analysis May 28th, 2020
Buyers fixed above the mark $206. After breaking the mark $216, buyers claim for the test of $250. Volumeless attempts to fix above $216 will lead to activization of sellers and test of $196. During the previous two days in Ethereum market, buyers defended their right to continue to grow. Keeping the global trend line […]
Argentina Cracking Down on Crypto Trading Activity Amid Hyperinflation Crisis
The Argentinian government wants to suppress cryptocurrency in order to preserve its failing fiat currency Argentina’s Financial Information Unit (FIU) has announced that they are aiming to put tight controls on crypto trading in the South American nation, claiming that these measures are justified since crypto is fueling crime and money laundering. However, the government’s […]
