A Bloomberg investigation into the inner workings of Tether, the leading cryptocurrency token tied to the value of the United States dollar, suggests that the company responsible for keeping USDT afloat has engaged into considerable risk in order to do so. The bombshell report was prepared by Zeke Faux, a…
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99Crypto
As an Active Cryptocurrency Investor, Do You Think About FOMO?
Fear of Missing Out (FOMO) is an investing trend that is not limited to the venture capital world. Wall Street has been plagued by FOMO waves ever since the Dot-Com Bubble and its subsequent bursting in the early 21st century; this problematic trend would return less than a decade later…
Volatile Cryptocurrency Bitcoin Breaks Through $50,000 Price Barrier
On October 5, and against all odds, Bitcoin defied many expectations to finish the 24-hour trading session above $50,000, thus prompting optimistic traders to set their sights on $55K over the next couple of weeks. Can this be sustained despite the inherent volatility in the cryptocurrency markets? Bitcoin briefly…
These Technical Indicators Suggest Bitcoin Rallies Are About to Form
When operating in financial markets as volatile as the cryptocurrency trading sector, it is very difficult to rely on fundamentals in order to determine causation. This is particularly the case with Bitcoin, a digital asset that is just starting to get the circulation it should as a currency token. However,…
BTC Holds on as Traders Mull the Current Market
Bitcoin (BTC) Bitcoin recently broke above the 50-day SMA ($46,633) on October 1, but bears flooded in to stall the price action around the $48,800 price level. However, the price remains above the 20-day EMA ($45,141) and the relative strength index nearing 70 means that bullish action…
Cryptocurrency at a microscopic glance!
The First Day of October Arrives with a Nice Crypto Pump Although it is Halloween season, there was nothing even remotely spooky about the recent pump. With ETH and BTC hitting their best best stride in weeks, an increase of almost 10% was seen. With China issuing a strict crackdown…