Hot Topics

Advertisement

Advertisement

John McAfee Thinks BTC Will Continue Its Rise Over The Weekend

Near the end of last month, the leading cryptocurrency surged to its high of 2019 with a price of $13,796. Since then, the space has seen nothing but crazy volatility which has taken it to $9k and back above to $10k again. As the Bitcoin price doesn’t know what to do with itself, the controversial crypto figure, John McAfee has had his say on what he thinks about Bitcoin’s situation. Over the weekend, the computer programmer tweeted: Bitcoin is under pressure from the U.S. and its price reflects it. But the U.S. has no real power in controlling CryptoCurrency. Just...

Read More

Get Your Tax Returns In Bitcoin - Rebate App Expands Outside Of Online Shopping

The startup browser extension that rewards its users for purchases with Bitcoin, Lolli now supports 900 retail locations. News surfaced at the end of last week when the firm started to expand beyond the internet and its 750 online merchants to include real-life retail locations. It was announced recently that the first major partnership was to be Albertson’s subsidiary, Safeway. Highlight: "Right now, we're trying to make bitcoin accessible to everybody," @trylolli CEO @alexadelman says. "And so we're trying to make Bitcoin part of everyone's daily life. ... We're bringing this whole new wave of users into bitcoin already." Full...

Read More

Bitcoin (BTC) Whales Continue To Prey On Retail Traders

Bitcoin (BTC) has just done something that it hasn’t done in a long time. The highly volatile move that we see on the 4H chart for BTC/USD ended up shaking out aggressive bulls and then the price surged up to do what it was supposed to do anyway. On the daily time frame, BTC/USD ended closing below the 50 day EMA but we do not expect the price to decline straight to $7,200 as most traders are expecting at the moment. In fact, when most people start looking the same way, it is best to start looking the opposite way....

Read More

Sally Ho's Technical Analysis 29 July 2019

Bitcoin Bitcoin (BTC/USD) searched for direction early in today’s Asian session as the pair continues to orbit a relatively tight range following its sharp decline during Saturday’s North American session that saw the pair eventually reach the 9,285.48 area, representing the 50% retracement of the move from 4,702.53 to 13,868.44.  The pair’s next upside price objective related to this range is 10,367.06 and the pair’s next downside price objective related to this range is 8,203.91. After testing 9,285.48, traders have lacked firm conviction to take BTC/USD in a new direction. The 50-bar MA (4-hourly) once again proved to be toppish...

Read More

Nouriel Roubini Unsurprisingly Says India’s BTC Ban Is “Good News”

As we’ve previously reported on here at CryptoDaily, India’s cryptocurrency ban is bad news. There’s no doubt about it.  But whereas enthusiasts like you and I will see this cryptocurrency ban as bearish news for the space, Bitcoin critics like Nouriel Roubini see this as ‘good news’. The New York economics professor says that a proper ban on crypto in one of the world's biggest countries will save ‘retail suckers’ in the country from investing in ‘shitcoins’, as Roubini so eloquently puts it. Also known as Dr Doom, Roubini has hailed the alleged draft of the bill to ban cryptocurrency...

Read More