Gemini

Bitcoin Fractal from June 2020 Hints Major Bull Run Ahead

Bitcoin may head higher in the coming sessions based on its price action’s similarities with a fractal from June 2020. First spotted by TradingShot, an independent trading signals provider, the fractal boasts about a support level near $9,000 that stood firm between June 25 and July 21 this year. Traders attempted to break below the floor for 26-days straight but failed every time owing to a higher buying sentiment around it. Meanwhile, the same period saw a so-called “LMACD Squeeze.” Strong Bitcoin Accumulation In retrospect, LMACD stands for Logarithmic Moving

Peter Schiff Claims Bitcoin Is Back in a Bear Market

Gold bug Peter Schiff believes that bitcoin’s recent fall signals the start of a new bear market. In response to a tweet by Gemini Co-Founder Tyler Winklevoss, Schiff, who is the CEO of Euro Pacific Capital, credited bitcoin’s surge over the past two months to a spillover effect from gold and a fortuitous television ad campaign. In July, Schiff tweeted that he expected bitcoin to fall below its $9,000 resistance point and “crash” while gold would simultaneously surge. Now, as one Twitter follower noted, Schiff is moving the goalpost, saying

Buffett dumps Wells Fargo amplifying bull case for gold and Bitcoin

Warren Buffett and Berkshire Hathaway substantially cut their position on Wells Fargo, selling 100 million shares. The Oracle of Omaha is continuing to trim his position in bank stocks, buoying the bull case for gold and Bitcoin (BTC).Berkshire reportedly held $32 billion in equity in Wells Fargo at one point, Fox Business reported on Sep. 5. The investment conglomerate now owns 3.3% in equity of the lender, worth just $3.36 billion.Why did Buffett cut Wells Fargo and how could it benefit Bitcoin?Throughout his career, Buffett emphasized the importance of value

Europe’s Revolut app now offers crypto trading for Aussie users

After opening its doors to Australians last month, one of the largest brokerage firms in Europe is now offering crypto trading services.U.K.-based money app Revolut announced on Sept. 3 that its tens of thousands of Australian customers are now able to buy, sell, and hold crypto assets. Users can convert their fiat into Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), XRP, and Stellar (XLM). Revolut stated that its ‘Metal plan’ customers could now transfer digital assets to other users, as well as exercise the option to round up

Huge Ethereum buy wall sends ETH to a 19-month high against Bitcoin

As the price of Ethereum’s Ether (ETH) surpassed $450, a huge buy wall on the major cryptocurrency exchange Bitfinex emerged. Shortly thereafter, ETH achieved $270, a 19-month high against Bitcoin (BTC).The price of Ether against the price of Bitcoin. Source: SkewThroughout the past two months, ETH has sustained strong upwards momentum buoyed the rising user activity on Ethereum. Data from Etherscan shows that the daily transaction volume on Ethereum rose from around 420,000 in January to over 1.2 million transactions per day in August.Why ETH price is surging and the demand

EOS Founder Thinks Gold Will Only Perform “Fractionally As Well” as Bitcoin

Bitcoin and gold have been pressing higher after the comments made by Federal Reserve chairman Jerome Powell last week. Both assets are up by around 5% since the comments the central banker made. Some gold proponents say that gold will easily outperform any other asset in circulation due to the vast amount of monetary stimulus. Crypto proponents, even those focused on altcoins, think that Bitcoin will outperform gold, though. Bitcoin Likely to Outperform Gold, Says EOS Founder According to Brendan Blumer, the co-founder of Block.one (which itself founded the blockchain