Most major cryptocurrencies have resumed their up move, which shows that the rally can extend for a few more days.
Binance Coin News
Binance Сoin (BNB) is a cryptocurrency designed by the eponymous cryptocurrency exchange. Based on the ERC-20 standard, Binance Coin was established with the Ethereum technologies. The Binance Coin market cap is one of the largest on the market and the largest among the ERC-based tokens with over 1,3 billion dollars at the time of writing this article. BNB was developed to become a trading tool on the Binance cryptocurrency exchange. BNB-based transactions are subsidized by the exchange making the coin more attractive to use within it. Due to the large trading volume of Binance and its effective strategy on the new asset, Binance Coin was fast to become a major part of the industry. BNB price is supported by the large number of businesses accepting the coin as a form of payment.
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The recent Bitcoin and altcoin rally is leading traders to wonder whether consolidation or a minor correction is in store but the current market conditions sugg...
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Though several cryptocurrencies are stuck in a range, the trend is gradually turning positive.
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The bounce off the first support levels on most major cryptocurrencies indicates a possible change in trend.
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Profit booking seen at higher levels. However, if the major cryptocurrencies can bounce off their strong support levels, it will indicate strength.
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Several altcoins have made their first move from longtime lows and if Bitcoin is able to confirm a bottom, a marketwide rally is likely to pick up steam.
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Bitcoin is en-route to flipping the $7.4K resistance to support and the sharp rebound from key support levels on most major cryptocurrencies is a positive sign.
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2020 has started on a subdued note but traders are anticipating an increase in activity that could lead to a strong directional move in the next few days.
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The completion of the most recent brief relief rally means traders need to be extra alert as several altcoins are now facing selling pressure.
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Several short-term buying opportunities might crop up for Bitcoin and other cryptos in the next few days. What are the critical levels to watch out for?
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Bitcoin (BTC) and most major cryptocurrencies have entered a consolidation period and a decisive breakout or breakdown from it is now to be expected.
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Bitcoin strong move to $7,600 signals that trend change could be in the making and has also created buying opportunities for select altcoins.
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Bitcoin and a few altcoins appear to be strengthening and flashing some strong buying opportunities.
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Bitcoin’s bounce off the $6.4K support is a positive sign as it shows that stronger hands are not dumping their positions yet.
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Is the current dip the final buying opportunity before halving boosts Bitcoin price?
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