Bitcoin taps $62K as 6% BTC price rebound runs into stubborn US dollar

Bitcoin (BTC) may yet reenter the $20,000 zone, but the coming weeks could provide a solid buying opportunity, a new report forecasts. In its latest market update on Feb. 24, trading platform Decentrader laid out the final areas of support between the current Bitcoin spot price and $20,000.Analyst eyes BTC’s 20-week and 200-week MA for cuesMilitary…

Blockchain platform Solana has joined up with decentralized oracle solution Chainlink to construct an oracle that updates incredibly quickly. "We recently saw market failures due to congestion on Ethereum, including oracle failures,” Solana CEO and founder Anatoly Yakovenko told Cointelegraph in an interview, adding: “What we're building with Chainlink is a high-frequency oracle that can give a…

Released in 2017, L.O.L. Surprise doll was MGA’s best-selling U.S. toy property for three consecutive years. 995 Total views 25 Total shares Consumer entertainment products giant MGA Entertainment is moving into the nonfungible token (NFT) industry by turning its best-selling toys into digital collectibles on blockchain.The American toy giant is preparing to roll out an…

Switzerland-based fintech firm X8 AG has received a certification from the Shariyah Review Bureau (SRB) for its Ethereum-based stablecoin, Reuters U.K. reports Nov. 12.SRB is a leading Sharia consultancy and audit firm licensed by the central bank of Bahrain. It reportedly has a presence in twelve countries, and holds the market share of over 13…

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Bitcoin broke a $500 billion market capitalization in late December 2020. 1267 Total views 11 Total shares Ether (ETH), the second most-valued cryptocurrency after Bitcoin (BTC), has hit a major milestone amid the ongoing price rally.On May 12, Ether price set another historic record, surging to as high as $4,346, according to data from CoinMarketCap. Ether's…

Dennis Gartman is still not convinced that Bitcoin won't go to zero. 1262 Total views 5 Total shares Bitcoin (BTC) has won over a number of mainstream financial gurus in 2020 against the backdrop of a difficult year for the United States economy. Some markets experts, such as Dennis Gartman, however, still remain skeptical of…

Next month is a classic underperformer for BTC/USD, and judging by the current price action, 2021 is no exception. 3069 Total views 12 Total shares Bitcoin (BTC) may score a new all-time high in 2021, but the odds are that it won’t happen next month.Historical price data confirms that September tends to see BTC price losses…

Crypto analysis firm DappReview published its quarterly report examining transaction volumes for decentralized applications (DApps) on April 8.The report finds a significant increase in total DApp activity during the past three months when compared to Q1 2019, despite a drop in the number of new projects and users.Quarterly DeFi volume nearly doubles year-over-yearWhile Quarterly Ethereum-based…