A lesser-tracked technical analysis indicator is signaling good times ahead for bitcoin.The cryptocurrency's 10-week simple moving average (SMA) is about to dip below the 50-week SMA, confirming a so-called bearish crossover.Historically, the negative signal has proven to be a contrary indicator, marking interim price bottoms and the end of bear markets, as feature image … [Read more...] about Technical Indicator Points to Bitcoin Price Bounce
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Privacy Coin Issuer: Nothing’s Encrypted Until End Points Are Encrypted
Roughly $13 billion is afloat in the privacy coin market, but are holders of these tokens really getting what they’re paying for? That depends. If they’re of the mind that all they have to do is to denominate transactions in Monero or Zcash and nobody could ever trace their path or hack their accounts, then no. If they fully understand that buying and selling with privacy coins … [Read more...] about Privacy Coin Issuer: Nothing’s Encrypted Until End Points Are Encrypted
Reddit launches waitlist for site-wide expansion of ‘Community Points’
Reddit has launched a waitlist for the upcoming site-wide expansion of its Ethereum-based ‘Community Points’ token rewards program, as well as a dedicated website. The social media platform, which runs on upvotes that earn users' karma scores, first dabbled in crypto token rewards in Dec 2019, when it launched Ethereum-based token rewards called “Donuts” in the r/Ethtrader … [Read more...] about Reddit launches waitlist for site-wide expansion of ‘Community Points’
Bitcoin surges into US open as forecast points to attack on $60K
Bitcoin (BTC) met the start of U.S. trading with a bang on Dec. 1 as the Wall St. open sparked a run above $58,500. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst: $56,000 may have been resistance flipData from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining 2% in an hour Wednesday, cancelling out the majority of overnight losseThe pair had … [Read more...] about Bitcoin surges into US open as forecast points to attack on $60K
Key data points suggest the crypto market’s short-term correction is over
The performance of cryptocurrencies in the past seven days might have seemed slightly unexciting, especially since the total market capitalization increased by “only” 1.8% to reach $2.7 trillion. However, even with the muted price action, some altcoins managed a decent rally. Bitcoin (BTC), on the other hand, was down 6% until Nov. 28, but it still managed to close the week up … [Read more...] about Key data points suggest the crypto market’s short-term correction is over