Cryptocurrency news on Today 7 april
Bitcoin has overcome the key resistance
Technical indicators paint a mixed picture
Miners’ situation worsens before halving
International consortium news organizations, developing transparency standards.
Bitcoin is entrenched above $ 7000 marks, but technical analysts warn that it is too early to jump to conclusions. Chapter VanEk is confident that the correlation of bitcoin with gold will be decline, and Wall Street investors are eyeing the Ethereum blockchain. Miners are bad, despite indicates that a number of indicators indicate an impending recovery.
ABOUT Tom, how are things on cryptocurrency market, and also about the key events that took place in the cryptocurrency industry over the past day, read in our daily digest.
Where will Buffett invest money from the sale of airline shares? Definitely not in bitcoin
Famous investor showed sufficient flexibility in his views, making it clear that his preferences change depending on the circumstances. However, cryptocurrencies everything yet stay out of bounds him investment horizons. Warren Buffett sold nearly 400 shares of airlines million dollars though earlier claimed the industry would survive turbulence without losses. Time change. More details
The traditional financial world is increasingly starting to pay attention to the largest blockchain sandbox for settlement transactions. Ethereum blockchain platform is ranked second in the top 100 for a reason cryptocurrency projects with the highest capitalizations. Distributed cryptographic sandbox has become a launching pad for hundreds, if not thousands of ERC-20 blockchain projects. Many of them subsequently moved to their own Mainnet network, but contribution Ethereum became the starting point that allowed projects attract hundreds of millions dollars investment. More details
Miners surrender and it is happening right now – opinion
Despite the fighting spirit market, some believe that the surrender of the miners is direct now creates strong divergence and hidden sell signals. On crypto market the debate about Togo, how will miners react to the upcoming halving in May bitcoin reduces number new coins created and earned by miners doubled. it happens about every four of the year and… More. Previously edition BeInCrypto already told that, according to one of the theories, in anticipation of of this events miners will try to sell off as can more coins before the reward cut to compensate for the increase in costs. More details
Bitcoin broke above $ 7000, but it’s too early to rejoice
Bitcoin found a bottom at $ 3,782 on March 13 and has strengthened since then. On graphics a rising wedge has formed, which the considered bearish reversal pattern. After achieving the above grounds, bitcoin rate (BTC) increased nearly by 90%. However, all this growth still pales in comparison to the previous decline, believes cryptocurrency trader and analyst Walter Wyckoff. More details
Bitcoin: indicators signal a recovery in quotes
Certain technical signals and indicators show, what bitcoin already reached the bottom and entered the recovery phase. As the pressure of sellers eases, the threat of further surrender of miners decreases. Bitcoin spent the weekend in a state of consolidation below the $ 7000 mark, with signals on more long-term charts continue to point to improved cryptocurrency prospects. If in the near future token least growth the use of cryptocurrencies appear new types of tokens. They are may personify value or something intangible like, eg, vote. Two… More will refrain from forming declining lows, the market will continue to form bullish paintings, and this applies to only bitcoin itself, but also the rest coins. More details
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