Blog: CoinIdol

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Stats Has published 487 posts about cryptocurrency

Mar 05 2021

China Is Embracing Blockchain Solutions Amidst Hostility towards Cryptocurrency

Mar 05 2021 Published at CoinIdol under tags  news

China is known for its controversial stance on cryptocurrency. In fact, digital assets were scrutinized by the government. On the other hand, the Communist Republic seems willing to embrace blockchain technology. Apart from Bitcoin, however.

Bitcoin Cash Continues Its Range-Bound Move, Lacks Buyers at Higher Price Levels

Mar 05 2021 Published at CoinIdol under tags  news

Bitcoin Cash is now in a downward move after its retest at the $560 resistance zone. For the past week, BCH has been making several retests at the resistance zone.

Litecoin Price May Resume a Range-Bound Move Between $155 and $205

Mar 05 2021 Published at CoinIdol under tags  news

Today, March 5, Litecoin has declined to $172 low after rejection from the recent high. There are indications of a further downward movement of price.

Mar 04 2021

Bitcoin Mining Raises Concerns due to the High Energy Consumption Despite the Uplift in Popularity

Mar 04 2021 Published at CoinIdol under tags  news

If BTC was a state, it would be ranked among the top 30 electricity consumers globally. This raises concerns among both governments and environment activists.

Ripple Struggles to Break above $0.45, Eyes the Next Resistance at $0.50

Mar 04 2021 Published at CoinIdol under tags  news

In the last 48 hours, buyers pushed XRP out of the range-bound zone twice as price reached the high of $0.47. However, the bears resisted the price movement as the altcoin fell back to the range-bound zone.

Ethereum Confined Between $1,300 and $1,600 as Sellers Threaten to Short

Mar 04 2021 Published at CoinIdol under tags  news

Since March 1, Ethereum has been trading below the $1,600 resistance. Buyers are attempting to break the recent high but to no avail. Each attempt at the resistance will result in the price falling to the previous lows.

Masterchain and Massive Exploration: Blockchain Tech is Gaining Traction in Russia

Mar 04 2021 Published at CoinIdol under tags  news

The Russian Federation is currently undertaking scientific research to see how blockchain technology can be effectively implemented in both the public and private sectors.

Mar 03 2021

Bitcoin Cash Fluctuates Between $445 and $560 as Bulls and Bears Reach Equilibrium

Mar 03 2021 Published at CoinIdol under tags  news

Since February 23 breakdown, Bitcoin Cash has been confined between $445 and $560. For the past two days, BCH has been in an upward movement. Today, BCH traded and was repelled at the $560 upper price range.

Bitcoin Breaks Psychological Price Level, Poises to Reclaim $58,000 High

Mar 03 2021 Published at CoinIdol under tags  news

Bitcoin bulls have sustained the current bullish momentum for the past 48 hours as bulls broke the $50,000 psychological price level.

Cryptocurrency Market Analysis: 5 Biggest Losers of February, 2021

Mar 03 2021 Published at CoinIdol under tags  news

It looks like February was a bullish month for most of the top 100 cryptocurrencies in the market. In the past 30 days, out of 100 top coins, there are just 3 cryptocurrencies that are trading in red – meaning the rest are all in green (they did not decline in price). Let’s analyze the 5 biggest losers among the top 100 digital...

Mar 02 2021

Ripple Fluctuates in a Tight Range between $0.40 And $0.45

Mar 02 2021 Published at CoinIdol under tags  news

Ripple price now fluctuates in a tight range, following the bulls’ failure to break above the previous price level.

Litecoin Rebounds and Breaks $180 High, a Revisit to $240 High Is Likely

Mar 02 2021 Published at CoinIdol under tags  news

For the past week, Litecoin (LTC) has been fluctuating between $155 and $180, after the recent breakdown. At the same time, buyers have been making a concerted effort to push LTC price above the minor resistance.

Cryptocurrency Market Analysis: 5 Biggest Gainers of February 2021

Mar 02 2021 Published at CoinIdol under tags  news

In February 2021, we have seen several institutional investors like Elon Musk CEO Tesla, businessmen like Bill Gates and billionaires like Rakesh Jhunjhunwala, influence the price of cryptocurrency and the entire market.

Mar 01 2021

Nigerian Central Bank Heeds VP’s Advice on Cryptocurrency

Mar 01 2021 Published at CoinIdol under tags  news

The Nigerian Central Bank has paid notice to the Country’s Vice President positive advice on cryptocurrency. The Central Bank which recently banned cryptocurrency in the Country was criticized by Vice President Yemi Osinbajo who preferred regulating cryptocurrency to banning its use in the country.

Ethereum Bulls Run Into Resistance Zone, May Face Rejection above $1,500 High

Mar 01 2021 Published at CoinIdol under tags  news

On March 1 Ethereum had risen above $1,500 at the time of writing. The market is likely to rise if the current bullish momentum is sustained but face resistance at the $1,700 high.

Bitcoin Price Recovers, Attempts to Clear $48,000 Resistance Zone

Mar 01 2021 Published at CoinIdol under tags  news

Bitcoin (BTC) price has commenced the resumption of upward move above the $44,000 support.

Binance Coin Consolidates Above $200 Support as Buyers and Sellers Reach a Period of Indecision

Mar 01 2021 Published at CoinIdol under tags  news

On February 28, 20201, Binance coin (BNB) consolidated above the $200 support.

Feb 28 2021

Cardano Pulls Back From Recent Retracement, May Resume Rally

Feb 28 2021 Published at CoinIdol under tags  news

Cardano (ADA) coin has sustained its current rallies as it reaches the high of $1.48. On February 28, ADA is retracing after the price reached the overbought region of the market.

Russian Is Cautious About Cryptocurrency; Prefers Centralized CBDC

Feb 28 2021 Published at CoinIdol under tags  news

The digitalisation of the financial industry and the economy at large as well as the development of fintech increased public demand for cryptocurrency and advanced payment methods in Russia. However, the position of the country on cryptocurrency is still not clear.

Feb 27 2021

Indian Billionaire Supports the Reserve Bank of India to Ban Cryptocurrency

Feb 27 2021 Published at CoinIdol under tags  news

The story of banning Bitcoin in India seems not to be any near to the end. At first, it was the country's Reserve Bank (RBI) calling for the immediate ban of cryptocurrencies. Now, it's the people and businessmen themselves that are calling for the government to put a total ban on Bitcoin.

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