Category: Bitcoin (BTC)

Bitcoin Defi: Smart Contract Platform RSK Integrates ETH-Based Stablecoin DAI

Bitcoin Defi: Smart Contract Platform RSK Integrates ETH-Based Stablecoin DAI

On October 6, 2020, the RIF (RSK Infrastructure Framework) development team announced that the Makerdao project’s DAI stablecoin is now available via the smart contract protocol RSK. According to the software engineers, RIF developers leveraged the RSK-Ethereum token bridge and individuals can now utilize the Ethereum-based stablecoin across a myriad of decentralized applications (dapps).The Bitcoin […]

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Bitcoin Technical Analysis: BTC Imminent Breakdown To Refresh $10,200 Before Recovery

Bitcoin trading at the edge of a cliff, likely to tumble towards $10,200. BTC/USD path of least resistance is downwards, especially with a symmetrical triangle pattern. Bitcoin has been losing ground since it hit a snag at $10,800 earlier this week. The upside is capped below a trendline, forming part of a symmetrical triangle pattern. […]

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Bitcoin Technical Analysis: BTC/USD Poised For Recovery Above $11,000

Bitcoin nurtures an uptrend after building on the support at $10,400 over the weekend. The pioneer cryptocurrency looks forward to a symmetrical triangle breakout, targeting levels past $11,000. Bitcoin is on its way to recovery towards $11,000. The reversal comes after the flagship cryptocurrency plunged to $10,400 last week. At first, price actions to the […]

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Smart Contract Protocol RSK Attempts to Bring Defi to the Bitcoin Network

Smart Contract Protocol RSK Attempts to Bring Defi to the Bitcoin Network

During the last year, Ethereum has dominated the decentralized finance (defi) ecosystem but a number of other blockchain projects plan to join the fray. The second layer, smart contract protocol RSK aims to bring the defi demand to the Bitcoin blockchain and there’s already a few RSK-based defi projects in the wild.In the world of […]

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Bitcoin Posts a 66-Day Consecutive Streak Above the $10K Price Range

Bitcoin Posts a 66-Day Consecutive Streak Above the $10K Price Range

The Bitcoin network has achieved a few new milestones during the last week, as the price has remained above the $10k range for a record 66 consecutive days. Meanwhile, the network has surpassed 18.5 million bitcoin issued, as the global hashrate coasts along at an all-time high of 140 exahash per second (EH/s). As of […]

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Bitcoin Price Prediction: BTC Falters Ahead Of A Potential Breakdown To $10,000

Bitcoin settles above $10,800 after bouncing off $10,600 support. Bitcoin nurtures a sideways trend ahead of a breakdown that could revisit levels around $10,000. The cryptocurrency market is indecisive and continues to trade horizontally. Bitcoin has impressively held above $10,800. However, gains towards $11,000 have been capped under $10,900. On the downside, the flagship cryptocurrency […]

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Bitcoin Technical Analysis: BTC Eyes Retreat Before Another Breakout To $11,000

Bitcoin price is poised for a retreat to the next support at $10,600. The 50 EMA and 100 EMA are in line to offer support to save Bitcoin from the potential fall to $10,600. The flagship cryptocurrency has been able to rise above the stubborn resistance at $11,000. However, there was an impressive bullish price […]

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Bitcoin Price Analysis: BTC Bulls Regain Control, Plenty Of Room For Growth Above $11k

Bitcoin renews the uptrend after settling above the 50-day SMA. BTC is accorded with immense support according to on-chain analysis. The flagship cryptocurrency is gradually closing in on the coveted $11,000 critical level. Immediate support has been established above the 50-day Simple Moving Average. As Bitcoin settled above the 50 SMA, gains above this vital […]

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Bitcoin Price Analysis: BTC/USD Majestically Propelled Above $12k, Is $13,000 Within Reach?

Bitcoin bulls take down the resistance at $12,084 and $12,145 to trade a new yearly high at $12,492. BTC/USD slowed down price action suggests that consolidation will follow ahead of a breakout to $13,000. Bitcoin finally made the last stroke above $12,000 on Monday ascending to a new yearly high at $12,492 (on Coinbase). The […]

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Bitcoin Technical Analysis: BTC/USD Unable To Break $12k Resistance But PlanB Believes $20,000 Is Nigh

Bitcoin bulls rush to secure the tentative support at $11,800 following another rejection from $12,000. Plan B believes Bitcoin’s next bullish target is 2017’s all-time high. Bitcoin price action has been mundane mainly because it was not been able to overcome the seller congestions at $12,000. There was a brief recovery over the weekend supported […]

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