Parachains are distinct blockchains that run atop the main Polkadot blockchain. Polkadot, however, has a limited number of slots that can support such parachains, meaning winning slots are subject to a community-run auction that uses DOT to vote for slots, leading to increased demand for the cryptocurrency. Source link … [Read more...] about Cardano, Polkadot Jump as Bitcoin Holds Above $50K
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First Mover Asia: Santa Claus Rally Sends Bitcoin North of $50K
(Edited by James Rubin)Good morning. Here’s what’s happening:Market moves: The crypto market cheers for a “Santa rally” as bitcoin crossed a key price level at $50,000.Technician’s take (Editor’s note): Technician’s Take is taking a holiday hiatus. In its place, First Mover Asia is publishing the third in a series of stories on the year in cryptocurrency markets by CoinDesk … [Read more...] about First Mover Asia: Santa Claus Rally Sends Bitcoin North of $50K
Bitcoin Falls After Edging Toward $50K; Altcoins Rally
As bitcoin (BTC) soared in February, social media, particularly Twitter, appeared to take on an expanded role in cryptocurrency markets, with prices pumping in response to tweet after tweet. It became clear that investor appetite for risk remained strong despite earlier concerns about rampant speculation. Source link … [Read more...] about Bitcoin Falls After Edging Toward $50K; Altcoins Rally
Bitcoin Rises Toward $50K; Resistance Seen Around $52K
Bitcoin (BTC) held support around $46,000 and is attempting to reverse a short-term downtrend. Still, upside appears to be limited toward the $52,000 resistance level, which is roughly midway through the 20% sell-off that occurred earlier this month. Source link … [Read more...] about Bitcoin Rises Toward $50K; Resistance Seen Around $52K
Bitcoin Holds Short-Term Support at $46K; Resistance at $50K
Bitcoin (BTC) is holding steady around the $46,000 support level as oversold signals appear on the charts. This means short-term buyers could remain active into the Asia trading day, although upside appears to be limited toward $50,000.The tight trading range over the past two weeks coincided with slowing price momentum. Typically, trading volume declines when prices move … [Read more...] about Bitcoin Holds Short-Term Support at $46K; Resistance at $50K