Here are five trends that could put a stop to Bitcoin’s rally
BTC $6894 (-5.3%) • ETH $158 (-7%) • XRP $0.19 (-5.6%)
Although traders are undoubtedly still scarred by Bitcoin’s 50 percent single-day crash in March, the cryptocurrency has mounted an impressive comeback ever since.
In fact, just the other day, it reached $7,470 — around 100 percent higher than the bottom established during the “Black Thursday” crash.
Unfortunately, some have begun to suggest that the crypto market’s luck has run out.
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Last time this on-chain trend occurred, Bitcoin rallied over 4,000%
Although Bitcoin has stalled dramatically since February’s $10,500 peak, data shows that large cryptocurrency investors have been unfazed.
These critical on-chain metrics reveal that Bitcoin hit bottom
Regardless of the global economic meltdown, several on-chain metrics estimate that Bitcoin reached a market bottom and could be ready to resume its historic uptrend.
These fundamental flaws may be the black swan that stops Tezos from seeing massive growth
Tezos has seen some unprecedented bullishness throughout late-2019 and early-2020, with the cryptocurrency setting fresh all-time highs in February before losing its momentum and reeling lower alongside Bitcoin and most other major altcoins.
Fold launches a Visa debit card with Bitcoin rewards; here’s how it compared to other crypto reward programs
A new Visa debit card by Fold is set to enter the cryptocurrency industry to allow users to earn Bitcoin cash-back rewards. Spend dollars and earn Bitcoin Over the last few months, multiple cryptocurrency companies have announced the introduction of Visa debit cards. The idea behind it is to enable their customers to spend their […]
What else?
🌓 Bitcoin Cash undergoes highly bearish halving as its PoW attack cost dives
🦈 Despite the recent upswing, these important on-chain metrics spell trouble for Chainlink
🇨🇭 Swiss blockchain startup launches privacy testnet to resist NSA-level surveillance
🌌 Here’s why the stars are aligning for crypto and how Ethereum and Bitcoin could skyrocket
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🗓 April 16-17 • Virtual Event
This spring the crypto community will head online to participate in the first-ever BlockDown 2020remote crypto conference and hear from visionary blockchain entrepreneurs and business leaders, including global music artist Akon, Co-Founder & Chairman of Akoin, Roger Ver, Executive Chairman of Bitcoin.com, and Bitcoin Educator Jimmy Song. Learn more
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