BTCUSD (Coinbase) Things were rather balanced for Bitcoin until the Friday selloff occurred and now the token is about to end another week in the red. Fears related to a new strain of the coronavirus put all financial markets under pressure and cryptocurrencies were not spared. What’s even more important
Weekly Crypto Analysis by Crypto Frontline
BTCUSD (Coinbase) The Bitcoin price has been under pressure during the past week, moving away from the $65k area, a critical zone that would have confirmed a move higher, if buyers managed to keep the price above it. After two failed attempts, the sellers ended up on top and now
Rishi Sunak said that the potential British digital currency would coexist with the pound sterling. Read the Chancellor of the Exchequer’s statement here.
BTCUSD (Coinbase) Calmer tones continue to dominate BTC as now the price is trading below the October 20th high, a sign the bullish momentum weakened. We should see a break above new ATHs in order to have a confirmation the trend can further extend above $70k. During the past week,
Kazakhstan’s cryptocurrency miners are reportedly interested in complying with the national government’s regulation and taxation rules. This development comes as the Central Asian nation with a population of about 19 million people witnesses a flourishing virtual currency mining industry due to affordable power and the departure of cryptocurrency miners from
BTCUSD (Coinbase) It’s been a quiet week for Bitcoin as buyers have calmed down following a brief break above the April 14th all-time high. The fact that the price did not manage to keep above that line is a short-term sign of weakening momentum and should keep buyers on their
The Commonwealth Bank of Australia announced that it would launch cryptocurrency services soon. Customers can access these virtual currency services directly from the existing banking application. We feel enthusiastic about learning this news regarding the Commonwealth Bank of Australia taking the important step of offering cryptocurrency services to its clients.
BTCUSD (Coinbase) Bitcoin had a choppier performance last week, unable to break higher, but also, weakening without breaking below the key $60k area. At the time of writing, the price action is pointing upwards, however, we still believe the token is trading inside a range between $60k and $67k. Until
LocalBitcoins announced the launch of its new mobile application for traders worldwide. This Helsinki, Finland-headquartered peer-to-peer (P2P) cryptocurrency marketplace reportedly released the software in response to the increasing number of mobile traders. We find this latest virtual currency-related news exciting to learn of because it demonstrates a cryptocurrency platform striving
BTCUSD (Coinbase) As expected, Bitcoin managed to reach and even briefly break above the prior all-time on the back of the first ETF trading on the US stock markets. However, once that occurred, the “sell-the-fact” scenario we’ve warned about a week ago started to unfold and Bitcoin weakened impulsively, currently
