Finance News
By Dan Saada
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On Tuesday, the price of the Bitcoin worked past $12,000, and the investors were seeking refuge from the global instability prevalent in the traditional markets.
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The trade war between the US and China is escalating, and the stock markets are reeling. In just five days, the price of the Bitcoin climbed more than 20%.
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Jeremy Allaire, CEO of Circle, praised Bitcoin as being a haven in a situation of global macro uncertainty:
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"Humanity has now created a non-sovereign, highly secure mechanism to store a value that can exist anywhere that the internet exists. It's uncensorable; it's unseizable."
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However, Josh Rager analyst stated, "I do believe BTC needs to have a slight pullback sometime.
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Josh Rager tweeted: "$BTC is clear skies on the weekly & monthly chart Not much stands in the way of previous $13,880 But a lot can happen during the week including a…
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For the second time over the past two days, ETH has been squeezing through the $230 price range for the second time.
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It was the fourth birthday for ETH, and it is also seen that ETH is breaking away from the Altcoins and it is becoming an independent cryptocurrency like the Bitcoin having its…
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The 50 SMA for ETH provides support at $227.78. The 100 SMA for ETH offers support at $224.50, which is lightly below the supporting trend line.
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The RSI is likely to pierce to the overbought zone. The upward direction of the price trend is indicative of bullish momentum.
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Anthony Sassano from an Ethereum-based startup, stated, "I believe that Ethereum will achieve the original 'world computer' vision within the next four years because Ethereum 2.
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