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Bitcoin Shoots Past $12,000 While US Dollar Hits 2-Year Low

Source Node: https://www.bitcoinmarketjournal.com/bitcoin-shoots-past-12000-while-us-dollar-hits-2-year-low/
Time Stamp: August 18, 2020 5:53 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

We’ve been on dollar watch for a couple weeks now, as it loses ground against virtually every asset on the planet. In this graph, we can see that the Dollar Index chart has been declining since late-May, and has now sunk below the near-term support (yellow line) on its third attempt. The Dollar Index, however, only really shows the U.S. dollar’s place within the currency markets. In fact, the purchasing power of all fiat currencies has been falling steadily for many years, a process that has been vastly accelerated by

Analyst on Bitcoin: Wall Street Isn’t Ready For What’s Next

Source Node: https://bitcoinist.com/analyst-on-bitcoin-wall-street-isnt-ready-for-whats-next/?utm_source=rss&utm_medium=rss&utm_campaign=analyst-on-bitcoin-wall-street-isnt-ready-for-whats-next
Time Stamp: August 18, 2020 11:16 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin price just set a new yearly high after pushing above $12,000 and may be gearing up for an explosive move higher. The first-ever cryptocurrency may be finally entering a new uptrend. If this is the case, and the asset continues to follow the stock-to-flow model, Wall Street may be left in shock after having to adjust their chart settings to keep up with Bitcoin’s logarithmic growth. Institutions Begin Looking Toward Bitcoin As A Hedge Against Inflation Bitcoin is unlike any other financial asset before it. And while it shares

Here’s the Level Bitcoin Traders Should Be Watching for the Weekly Close

Source Node: https://bitcoinist.com/level-bitcoin-traders-watching-weekly-close/?utm_source=rss&utm_medium=rss&utm_campaign=level-bitcoin-traders-watching-weekly-close
Time Stamp: August 16, 2020 6:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bitcoin’s weekly candle close is coming up. It is set to take place in around two hours after this article’s publishing time. BTC is trading flat in the past 24 hours, having found support in the $11,800 region. Bitcoin traded at $12,000 on Saturday. The weekly candle close has long been an important event to watch for traders across the industry. Here’s the level that analysts are watching for Bitcoin to confirm their bullish bias moving forward. If BTC closes above the level in question, there are analysts eyeing a

Here’s How High One Trader Expects Bitcoin to Climb Before Forming a Top

Source Node: https://bitcoinist.com/heres-how-high-one-trader-expects-bitcoin-to-climb-before-forming-a-top/?utm_source=rss&utm_medium=rss&utm_campaign=heres-how-high-one-trader-expects-bitcoin-to-climb-before-forming-a-top
Time Stamp: August 16, 2020 12:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bitcoin faced yet another $12,000 rejection yesterday that caused the cryptocurrency’s price to reel down towards $11,700 This level appears to have been established as support, as buyers ardently defended against any break below it It now appears that the crypto’s short-term technical outlook remains unchanged, as BTC is still consolidating within the upper-$11,000 region As for where it may go next, one analyst explained that he is looking towards $13,000 as a near-term target He does note that the visit to this level may mark a mid-term top for

Stocks Correct While Digital Assets Stay Firm And a New DeFi Project Get Mashed

Source Node: https://www.bitcoinmarketjournal.com/stocks-correct-while-digital-assets-stay-firm/
Time Stamp: August 14, 2020 6:51 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Finally, the new-age tech investing has become delicious with the latest buzzword project, called Yam Finance. This particular protocol, which first entered the idea phase on August 1 and whose developers released the first implementation of their product on Tuesday, managed to rack up hundreds of millions of dollars’ worth of investments, before crashing out in a blaze of social media-hosted meme-economy glory last night. No duh, the coding was rushed and unaudited. It was bound to have flaws. In many cases finding a bug in your software is a

Bitcoin Price Tackles $12,000 After Breaking Through a Key Resistance Zone

Source Node: https://cointelegraph.com/news/bitcoin-price-tackles-12-000-after-breaking-through-a-key-resistance-zone
Time Stamp: August 9, 2020 11:53 PM - Modified On: May 21, 2021 - Published By:
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Within the last hour Bitcoin (BTC) price pushed through the $11,800 resistance and finally made its way back above $12,000. Crypto market daily price chart. Source: Coin360The sharp upside move came after a relatively quite weekly close as altcoins like Chainlink (LINK) and Band Protocol (BAND) had been basking in the spotlight with daily double digit-gains.  As mentioned earlier by Cointelegraph contributor Rakesh Upadhyay, Bitcoin price had been consolidating into a pennant on the daily timeframe, thus a breakout to $12K was expected by many traders. Upadhyay said: “The BTC/USD pair has formed a

dYdX Full Guide: A DeFi Margin DEX

Source Node: https://www.asiacryptotoday.com/dydx-guide/
Time Stamp: August 5, 2020 6:52 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

DeFi protocol dYdX might seem like another trading and lending platform based on Ethereum, but that’ only the tip of the iceberg. Probing further, you’ll find out that this protocol is challenging the status quo to take Decentralized Finance to new heights. Margin trading, derivatives, and options are the relevant tools that power traders use. Unfortunately, in the crypto space, these tools are mostly available only on centralized exchanges like Binance, Huobi, and Kraken. With dYdX, the entire traditional trading spectacle is now built in a permissionless and decentralized mechanism. Table

Ethereum eSports Betting: How to Get Started

Source Node: https://bitcoinchaser.com/ethereum-esports-betting/
Time Stamp: August 4, 2020 10:33 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Nowadays, if you are interested in gambling, it’s hard to say you have never heard of cryptocurrency. It is no longer the question of what is cryptocurrency but rather which cryptocurrency is the best option. When you looking at one’s financial options, it is hard to make a blanket call on what is the best route to go, but as far as what we can see, when it comes to online gambling one of the best and most rewarding routes to go would be making use of Ethereum in the

MCO Price Spikes After Crypto.com Announces Token Merging

Source Node: https://beincrypto.com/mco-price-spikes-after-crypto-com-announces-token-merging/
Time Stamp: August 3, 2020 9:18 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The Hong-Kong-based company Crypto.com announced a token swap program on Monday. All MCO token holders have until the 2nd of November 2020 to swap their MCO for CRO. The announcement catalyzed MCO trading volume and caused the price to surge. However, several users note some red flags around the whole merging process. Is this operation legit? Is it possible that there’s been insider trading? The Year of Crypto.com 2020 is proving to be very profitable for Crypto.com. As BeInCrypto reported not long ago, the CRO token has been one of

What is Serum? A DeFi Derivatives DEX Guide

Source Node: https://www.asiacryptotoday.com/serum-srm-guide/
Time Stamp: August 3, 2020 5:54 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

DeFi-based exchanges have seen wild success in 2020 thanks to yield farming, which has incentivized hundreds of thousands of users to provide liquidity to these platforms. With that being said, DEXs are still a far-cry from centralized exchanges in both UI and UX. Serum is here to change all that. Serum is a protocol that claims to be “pure DeFi” as they have managed to address a lot of issues the space is facing. Most of the users in DeFi today are not traders but yield farmers. Yield farmers are