
Weekly Cryptocurrency Recap: Bitcoin and Ethereum Fail to Break Above Resistance
A few hours before the weekly open Bitcoin’s price crashed.
A few hours before the weekly open Bitcoin’s price crashed.
According to Garlinghouse, it’s a matter of time before the cryptocurrency phenomenon becomes globally accepted because many people have lost confidence in fiat already.
If you are one of these traders who are looking for crypto exchanges, this article is for you.
Celebrities and high-profile public figures such as members of the Dragon’s Den, Piers Morgan, James McAvoy, Elon Musk, Richard Branson, and Martin Lewis are used excessively by Bitcoin scammers for promotional purposes.
Patricia Technologies is one of Nigeria’s foremost digital asset trading platforms. With a luxury debit card offering among other options, the company creates unique trading experiences for its many customers.
The “August Crypto Outlook” by Bloomberg revealed that the Bitcoin rally is more trustworthy than that of Ethereum, which is said to be “more speculative”.
On Thursday, August 6, BTC has stopped growing, waiting for new catalysts. It is generally trading at $11,745.
Bitcoin has been stable during the economic crisis. According to crypto economy expert Renato Rodríguez, this digital asset could be a solid solution to face the 2020 crisis.
MicroStrategy is set to inject part of its excess $250 million liquidity into Bitcoin, losing faith in the long-term benefits of the U.S. dollar.
Ongoing developments in the cryptocurrency space have made this industry more appealing to investors. Finding the hidden gems in the space can give users a chance to unlock tremendous profit potential. Interoperability is the next big trend worth keeping an eye on.
According to Pompliano, Bitcoin already represents a digital version of gold. Comparing gold and Bitcoin markets, Pompliano noted that the later will eventually become a bigger one.
Few charts to consider if you are ready to invest.
Bloomberg suggests that Bitcoin price is sixfold that of gold per ounce. It further cited that Bitcoin is undervalued under prevailing conditions.
With crypto adoption likely to be the major fuel in the anticipated rally, Square may largely benefit if it offers cutting-edge services in comparison to its competitors.
A long-expected growth of volatility finally came and a lot of cryptoassets left their respective sideways channels.