Curate Bitcoin 03/11/2020 by dobobs

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of CURATION. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Latest Crypto Fear & Greed Index


Bitcoin News Roundup for March 11, 2020 [Updated Mar 11, 2020 at 16:00 UTC] [coindesk.com]


Bitcoin Clings to $7.8K but WHO Pandemic Declaration Sinks Markets [cointelegraph.com]

Crypto market daily price chart. Source: Coin360
Crypto market daily price chart. Source: Coin360 | The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Given the clear correlation between Bitcoin’s price action and traditional markets, traders like Cointelegraph contributor Micheal van de Poppe expect Bitcoin to hover in the $7,600 to $7,300 zone for the foreseeable future until global markets show some sustained improvement.

In the event that Bitcoin fails to hold $7,300, van de Poppe believes that traders will shift their focus back to $6,800 and $6,400.

BTC USDT daily chart. Source: TradingView​​​​​​​
BTC USDT daily chart. Source: TradingView

HERE’S WHY BITCOIN COULD RIP TO THE UPSIDE, MOVING PAST $8,000 [ethereumworldnews.com]

  • The price of the cryptocurrency has bounced cleanly off the key $7,700 support level, printing a number of wicks under that level, suggesting there remains buying interest.
  • BTC hit a volume profile gap, bouncing off it.
  • The “Willy” indicator is oversold, which last took place near the $6,400 bottom in December, then once before prior to the 40% “China pump” seen in October.
  • Bitcoin is printing a potential divergence with the one-day Moving Average Convergence Divergence (MACD).

Bitcoin Price Analysis: BTC/USD freefall to $7,000 unstoppable; Bows to Coronavirus Pandemic [coingape.com]

BTC/USD price chart
BTC/USD price chart by Tradingview

Bitcoin price is at the forefront of the declines in the crypto market. BTC/USD is down 3.51% on Thursday. The Asian session has been characterized by increased selling activities leading to a break down from $7,938 (opening value) to $7,572 (intraday low). A shallow recovery is pushing the price towards $7,700 but BTC/USD is dancing at $7,667 at the time of writing.

what-is-sofi-money-

As Bitcoin (BTC) Goes Through Wave of Uncertainty, Is History Set to Repeat Itself? [dailyhodl.com]

Source: Bitcoin price after every halving

From a historical perspective, the halving has always been accompanied by positive market trends for Bitcoin. In fact, on November 28th, 2012, also known as ‘halving day 2012’, Bitcoin’s block reward halved from 50 BTC per day to 25 BTC per day – instantiating Bitcoin’s day-one claim on scarcity in the process and pumping the price as a consequence. As can be seen below, this process occurs every 210,000 blocks.

TOP 5 TOOLS TO HELP YOU INVEST IN BITCOIN [bitcoinist.com]

With global markets spiraling across the board from oil and stocks to crypto you may not want to invest in bitcoin right now. That said, if you believe in its long-term potential, pro-investors will always tell you to buy the dip.

maxresdefault

Bitcoin Drops From $7,900 As Coronavirus Fears Trigger 4% S&P 500 Futures Drop [newsbtc.com]

Indeed, after President Trump’s address, in which he revealed that he would be suspending all travel from Europe to the U.S. for a month, the futures for the S&P 500 (ES) and the Dow Jones (YM) started to fall. At the crash’s worse, they had dropped almost 5% since the daily close, nearing limit down for the session.

The fears of the coronavirus were rapidly exacerbated by news that the NBA will be suspending its season for the foreseeable future due to a player catching the virus, along with Tom Hanks announcing that he and his wife have been diagnosed with COVID-19 while traveling in Australia.

Trump Halts Flights From Europe: Stock Market Futures and Bitcoin Tumble [cryptopotato.com]

btc_usd_gemini_mar12-min
BTC/USD, Gemini. Source: TradingView

Stock market futures and the bitcoin price tumbled on the news. It will directly impact financial markets and the economy in two ways. For one, it will disrupt a lot of business, trade, and travel between the United States and Europe.

The economic loss from this unfortunate measure to prevent the spread of novel coronavirus remains to be seen. But it will no doubt have a marked impact on many companies’ bottom line. Airlines, in particular, will feel an immediate effect.

maxresdefault

Ethereum Is Diving And Primed To Test $165: Here’s Why [newsbtc.com]

Ethereum Price
Ethereum Price
  • Ethereum is struggling to recover above the $195 and $200 resistance levels against the US Dollar.
  • The price is likely to dive further below the $180 support level in the near term.
  • There is a key bearish trend line forming with resistance near $192 on the hourly chart of ETH/USD (data feed via Kraken).
  • Bitcoin price broke the $7,700 support and it is declining towards the key $7,500 support.

Bitcoin Futures on Bakkt reflects low OI and low volumes [ambcrypto.com]

Source: Skew
Source: Bitcoin Futures – Total Open Interest & Volumes, skew

According to data provider Skew markets, the Bitcoin volume along with Open Interest [OI] was fairly low. The volume on 6 March was noted to be $15 million, whereas the OI was just around $8.6 million. However, when the market opened on 9 March, rising volume was recorded, but with decreased OI. The volume reported was $19.7 million, but the OI had fallen to $7.2 million.

maxresdefault

Report: Selling By Ethereum Whales Linked to ETH’s Drop Below $200 [ethereumworldnews.com]

  • Initial reports had indicated Ethereum whales were accumulating ETH.
  • However, due to the stock and crypto market turmoil earlier this week in response to the Coronavirus pandemic, the same whales dumped their bags.
  • With ETH slightly below $200, only time and positive news about the Coronavirus will help break this resistance level.

CME will close trading floor on Friday amid coronavirus spread [theblockcrypto.com]

The derivatives exchange, which facilitates the trading of contracts tied to oil, agriculture products and U.S. stocks, said it made the decision as a precaution due to the spread of coronavirus. In a statement the exchange group said:

“No coronavirus cases have been reported on the trading floor or in the Chicago Board of Trade building. The reopening of the trading floor will be evaluated as more medical guidance on the coronavirus becomes available.”

robinhood-app

Digital currency lender BlockFi integrates cash support [coingeek.com]

U.S. digital currency lending firm BlockFi has integrated support for fiat currencies. With this, it will allow users to purchase digital currencies and immediately start earning interest on it. The service is available to both domestic and international users.

The introduction of the wire transfers is the company’s first on-ramp channel for cash into its investment platform. It will allow users to purchase as little as $10 worth of digital currencies and start earning interest of up to 8.6% annual percentage yield in its BlockFi Interest Account.

Binance Stablecoin BUSD Tops $100M but Lags Behind Rivals [coindesk.com]

Binance USD, a U.S. dollar-backed stablecoin, has surpassed $100 million in market capitalization, chipping away at a market still dominated by Tether’s TUSD.

Also known as BUSD, the token is traded almost exclusively on the Binance exchange and its market cap – which roughly corresponds to the total value of dollars deposited with its issuer, Paxos – is currently at $115 million. Binance USD runs on top of the Ethereum blockchain.

robinhood-app

STEEM brushes aside controversy to surge as VeChain, Algorand fall [ambcrypto.com]

Source: STEEM/USD on TradingView

Despite Bitcoin sustaining severe losses, its dominance in the crypto-market surged to 64.4%. After hinting at a bullish revival, many altcoins soon dropped, posting significant losses over the last 24-hours. At press time, the collective market cap had fallen to $221 billion.

Source: VET/USD on TradingView

More news and community @Publish0x

unnamed

댓글 남기기

아래 항목을 채우거나 오른쪽 아이콘 중 하나를 클릭하여 로그 인 하세요:

WordPress.com 로고

WordPress.com의 계정을 사용하여 댓글을 남깁니다. 로그아웃 /  변경 )

Google photo

Google의 계정을 사용하여 댓글을 남깁니다. 로그아웃 /  변경 )

Twitter 사진

Twitter의 계정을 사용하여 댓글을 남깁니다. 로그아웃 /  변경 )

Facebook 사진

Facebook의 계정을 사용하여 댓글을 남깁니다. 로그아웃 /  변경 )

%s에 연결하는 중

WordPress.com 제공.

위로 ↑

%d 블로거가 이것을 좋아합니다: