Is the altcoin market set for an ‘explosive rally?’ Analysts eye these 3 indicators

It’s been a good week for Bitcoin. The halving doesn’t seem to have done the top cryptocurrency any harm at all, with the dollar value up more than 8 percent over the previous week. Ethereum is up more than 10 percent which just shows that the opportunity for blockchain-based solutions are still red-hot. If you’re…

Bitcoin (BTC) continued to face strong resistance at the $60,000 level on March 19 as bulls spent the day climbing back from an early morning drop which briefly pushed BTC into the sub-$56,500 range.Data from Cointelegraph Markets and TradingView shows that after being rejected at the $60,000 level on March 18, the price of Bitcoin…

The future of finance is decentralized. Striving to facilitate that prognosis, decentralized finance — or DeFi — is quickly shaping into an alluring prospect for investors and companies alike. Looking to harness this decentralized ideal, rivals to the Ethereum-centric sector are feeling the fear of missing out and leveraging their own blockchains in order to…

Bitcoin is facing intense selling pressure, but the positive divergence on the RSI suggests a recovery is possible in the near term.

Mark Karpeles — the former CEO of now-defunct cryptocurrency exchange Mt. Gox — has affirmed that he is not guilty in the final argument for his trial, Cointelegraph Japan reports Dec. 27.In court in Tokyo on Thursday, Karpeles apologized for not being able to avoid his exchange being hacked, but also reiterated the idea that…

Selling excess heat from Bitcoin mining could be another financial lifeline for miners after the 2024 Bitcoin halving.

Senator Hickenlooper requested the SEC engage with the public by opening a “notice-and-comment period” to develop rules and regulations applicable to crypto. 500 Total views 16 Total shares John Hickenlooper, a United States Senator representing Colorado, has penned a letter to Gary Gensler urging the Securities and Exchange Commission chair to establish “clear rules” for…

Japanese internet conglomerate GMO Internet Co. Ltd confirmed plans to release a cryptographic stablecoin Tuesday, Oct. 9, pegged to the Japanese yen.GMO, which entered the Japanese cryptocurrency exchange market in May last year, intends to begin issuing tokens at the start of the 2019 financial year.The news marks a further potential player in the yen-pegged…