Alert, Cryptocurreny Market Updates And More That You Need To Know

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Alert, Cryptocurreny Market Updates And More That You Need To Know

The Big Squeeze Is On For Bitcoin Traders

Bitcoin has bounced off its long term low and key support level in a move that looks like it could go higher. The problem is that it is still fighting resistance at its short term 30 EMA and having a hard time getting across it. The world’s leading digital currency is now trading in a tight range between $6450 and the EMA, winding up for what could become a major move. On a technical basis the trend is down, that is mitigated by support levels that have so far been holding. The question is, will they continue to hold? A break below support could be very bad for BTC and possibly shave another 50% off of its price. A move up would be bullish and likely start a wave of buying that will push it back to retest its all time highs. Based on the news at hand I am leaning toward the latter.

Exchange Updates: Over the last week there has been a lot of chatter out of the crytpocurrency exchanges. The CEO of Coinbase says there is high institutional interest in their newly released products and that is good for the market. Institutional interest means big money and long term support for prices. Binance reports profits at their exchange, fueled by the release of their trans-fee mining model, will approach $1 billion in 2020, quite a jump from the previous year. Trans-fee mining, if you are not aware, is when exchanges issue a native token as reward for trading and the token can be used to pay for commissions and fees.

Trading And Price Target Updates: The CEO of ADVFN, a financial markets website, says Bitcoin price will hit $100,000 because it is “part of the future”. When it hits that price is in question but traders like Tom Lee still think a major rebound will happen by the end of this year. Tom Lee has lowered his target to a mere $20,000, down from $25,000, but still thinks BTC is the leading cryptocurrency technology to own. In the EU a wide range of cryptocurrency based ETF products will soon be available.

Blockchain Updates: There were really too many updates on blockchains this week to list them all but here are the two most important. First, the Ethereum network is experiencing a gas crisis due to high traffic volumes and congestion on the network. While this is a problem it is also believed to be a catalyst to spur development. The Ethereum network is expecting to release a number of updates in the next few months that are intended to increase network speeds. The Basic Attention Token, native coin for the Brave browser network, is seeing increased activity as the Brave usage grows. The company reports over 3 million active monthly users and a growing list of publishers and wallet holders. Brave also reports the planned launch of an Android app later this year.

Regulatory Updates: South Korea, a onetime leader in the crackdown on crytpocurrency, has made an about-fave. The country’s legislators have introduced a draft bill that will pave the way for broad regulation of cryptocurrencies, ICO’s and DLT technology. Romania, not to be left behind, has also introduced legislation for broad cryptocurrency regulation. The Swiss have already embraced cryptocurrency and are building a fully regulated DLT based cryptocurrency exchange. India, on the other hand, has enacted a full ban on financial institutions transacting with cryptocurrency exchanges. This does not mean natives can’t own and trade BTC, just that they can’t sell it for fiat money within the borders of India. Oddly enough, India’s ruling party is embroiled in a scandal for allegedly operating a massive BTC money laundering operation.

Want to invest in the Cryptocurrency Market? Here’s what you need to know!

With the exponential growth of the cryptocurrency market, it has become a popular investment option for people around the globe. Using the blockchain technology, cryptocurrency has the potential of changing the lives of people for the better. This is why Uzidata has designed a platform for the blockchain community where they can stay updated with all the information & analytics of cryptocurrency. But investing in crypto is not such an easy task. Apart from the huge growth potential, there are other important factors that you need to consider before investing in cryptocurrency. Some of the important things to consider include:

Crypto-currencies are highly volatile as the values fluctuate between extreme ups and downs. While there can be an unimaginable rise in the value of cryptocurrency, there can also be extreme price drops just the other moment. The volatility of the market makes it more exciting and even offers opportunities to the traders to make good profits. Though the risks are high, having an effective risk management strategy can help in dealing with the situation better.

When you are planning to explore the cryptocurrency market and make investments, it is essential to spend some time in doing thorough research. Before investing your hard-earned money, it is wise to understand the meaning of cryptocurrency, blockchain, security measures, and more. Getting updated about technology, regulations, investment strategies, and other important aspects can help you understand the market better and make smart investments.

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Knowing the amount to invest in cryptocurrency is another important factor to consider. Being a volatile market, the chances of gains, as well as losses, are very high. It is always advisable to invest money that you can afford to lose. Investing such amounts ensures that in case of a loss, your life will not be affected much. Making smart decisions not only avoids unwanted consequences but also helps in remaining in a profitable situation.

  • The Market Cap Size

Before investing in the cryptocurrency market, it is also important to determine the total market cap of the particular cryptocurrency that you wish to invest in. Solely relying on the unit value for determining the growth potential is not the right way. Instead, analyze the total capitalization as well as the increase in capitalization of the cryptocurrency for better insights.

Investing in the cryptocurrency market can enable you to make money or lose money, or at times your investment remains constant. In such a situation, tracking your funds becomes important. While tracking seems to be complex and difficult, the tracking tools can help in making the task easier. With a wealth of information and reports, the tools help in easily tracking your investments in the cryptocurrency market.

While planning to invest in cryptocurrency, it is also important to choose a reliable and secure platform. Investing in any random platform without detailed research can increase the risk of your investment. In order to avoid potential scams or frauds, considering doing some good research and investing through a trustworthy cryptocurrency platform only.

Considering the above aspects can help in making good investments in the cryptocurrency market and making easy profits. With smart decisions, making the best investments in cryptocurrency becomes possible. But for taking the right decision and framing strategies, you need the correct and the most updated info. This is where platforms like Uzidata come in, with their brilliant database. The aim is to deliver a safe ecosystem to the community where they can access all the updated info and even get engaged in the conversations regarding the various bitcoins.

Right from the first, they have been aiming to revolutionize the way people search for information when it comes to anything related to blockchain. What makes Uzidata so unique is the fact that it serves the community irrespective of the role you play in the industry. Here are some of the features that you can expect from Uzidata once you log in.

  • Market screener
  • News aggregator
  • Real-time alert
  • Data analytics
  • Live community
  • Portfolio tracker
  • KOL private discussion
  • Rewarding games

So if you want to be an expert on cryptocurrency before you start investing make sure to try out Uzidata first!

Cryptocurrency

Top Cryptocurrencies

Name Symbol Price (USD) Market Cap Vol (24H) Total Vol Chg (24H) Chg (7D)
Bitcoin BTC 6,750.7 $123.39B $41.15B 31.97% +7.41% +1.55%
Ethereum ETH 138.59 $15.32B $13.05B 10.14% +5.05% +2.37%
XRP XRP 0.17799 $7.78B $2.13B 1.66% +3.31% +9.47%
Tether USDT 1.0033 $6.16B $48.86B 37.96% -0.09% -0.27%
Bitcoin Cash BCH 229.48 $4.20B $3.43B 2.67% +4.98% +2.47%
Bitcoin SV BSV 171.33 $3.15B $1.68B 1.30% +6.09% +0.17%
Litecoin LTC 39.815 $2.56B $3.63B 2.82% +5.02% +1.67%
EOS EOS 2.3036 $2.12B $2.72B 2.11% +4.87% +0.07%
Binance Coin BNB 13.0518 $2.03B $374.10M 0.29% +5.87% +5.68%
Tezos XTZ 1.7092 $1.20B $114.55M 0.09% +8.89% -0.79%

Most Active Cryptocurrency Pairs

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Top Cryptocurrency Pairs Performance

Investing.com – EOS fell bellow the $2.2769 level on Thursday. EOS was trading at 2.2769 by 10:17 (14:17 GMT) on the Investing.com Index, down 3.75% on the day. It was the.

In the third episode of the six-part series about Bitcoin in Africa you will hear from two early bitcoin adopters based in Harare, the capital of Zimbabwe.

Bitcoin prices jumped overnight to retest $7,000 but risked falling into a bull trap as no sound catalyst justified its pump. The benchmark cryptocurrency rose 9.67 percent in just.

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