Category: Global Market News
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Cardano (ADA) Predicted to Reverse Higher Against Bitcoin
After the high levels in price Cardano (ADA) saw in July, the coin has faced a strong retracement against Bitcoin. ADA has dropped by dozens of percent against the king crypto coin, squished in spite of a rally in many other crypto assets. Cardano may soon be able to outrun Bitcoin, however, as per a…
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INX Cryptocurrency Exchange to Release $117 IPO in a Few Days
INX Ltd. announced that it would release its much-anticipated landmark initial public offering (IPO) on Monday, closing an almost two-year journey for the startup cryptocurrency and security token exchange. “It is anticipated that the offering will begin on August 24th, 2020, or shortly thereafter,” the Gibraltar-based firm stated in a press release on Thursday. INX’s…
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Cash and Carry Strategy Dropout May Lead to Reduced Stablecoin Demand
Formal demand for stablecoins may decrease because the yield on ‘carry trades’ has halved since this Monday. The annualized rolling one-month futures basis went as high as 28 percent at the beginning of the week on the Malta-based crypto exchange OKEx, the largest one when it comes to open interest. That was the greatest premium…
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Weekly Bitcoin, Ethereum and Chainlink Market Analysis
It is enough to say that last week was a busy one, with mixed performance in equity markets and rather weird – but promising – activity for Bitcoin. The FTSE All-Share index and the STOXX600 both recorded constant rises, while the S&P500, which started the week at 3,352, has worsened on Wednesday; after it dropped to…
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Bitcoin Expected to Hit $15K as it Breaks Above ‘Multi-Year Bullish Triangle’
Bitcoin is expected to get to $15,000 valuation in the next sessions, according to full-time futures trader Adam Mancini. The trader said earlier today that BTC and USD closed above a ‘multi-year bullish triangle’ by nearly $2,000. The two assets’ huge move above the ‘continuation pattern’ enhanced BTC’s probability of testing short-term breakout targets, starting…
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Market Wrap – Cardano, Tezos and Other Altcoins Preferred by Investors in July
The crypto market has had a difficult second quarter this year, along with a latent third quarter. As the price of Bitcoin went sideways, most of the significant cryptocurrencies followed its lead because of their high association with BTC. Still, there are numerous altcoins in the market that have been successful in drawing in more…
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Bitcoin Cannot Pass the $12K Line – Altcoins See Impressive Fluctuations
Bitcoin is still trying to challenge the $12,000 line, but it is in vain so far. The low-cap altcoins, though, keep seeing high fluctuations with some amazing gains charted. Bitcoin continued to head upwards, but it couldn’t pass the $12,000 level. On the other hand, Bitcoin Cash’s ten percent increase is one of the most…
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Ripple CEO: Governments Started to Seriously Consider Blockchain
Ripple CEO Brad Galirnghouse recently said in a Tweet that governments around the world have started to seriously observe the blockchain after claiming for years that the technology is a ‘scam.’ Garlinghouse also said that the U.S. dollar is not going to be exceeded by gold, the yuan, or crypto anytime soon, but it is slowly becoming…
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Blockchain And Cannabis: World’s First App Tracking Medical Cannabis To Launch Soon
The mass adoption of crypto and the underlying tech, the blockchain has been one of the main goals that the crypto industry set. In order to have mass adoption, the more use cases for the blockchain and the crypto we have, the better. Now, it seems that a useful new use case for blockchain just…
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Coti (COTI) Price Analysis: 2020 Roadmap Could Facilitate a Comeback
In summary: The current crypto market environment has left many alt-coins, such as COTI, at the mercy of the price movement of Bitcoin (BTC). Only projects with a strong future fundamentally, will survive the currently crypto market purge. The team at Coti (COTI) updated the project’s 2020 roadmap and this could assist the coin in…