Famed technical analyst: Bitcoin risks short-term top or consolidation after big fallBTC $15,383 (-1%) • ETH $446 (-1.8%) • XRP $0.25 (-1.7%)
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John Bollinger, the famed technical analyst, believes Bitcoin could be heading down for lower. On the day, BTC dropped 4.5% since its peak following the explosive rally of the U.S. stock market. Bitcoin, gold, and other stores of value sharply pulled back after Pfizer reportedly announced a major vaccine milestone. Pfizer said its study on 44,000 individuals has shown its vaccine is highly effective. Upon the news, the U.S. stock market soared, reading Bitcoin and gold to plummet in a short period. Trending … 🇺🇸 Election 2020 News • 🚜 DeFi Tokens • 🔮 Oracle Tokens • 📈 Biggest Gainers • 💵 Stablecoins More news ⏬Exclusive interview with Justin “3Lau” Blau on Bitcoin, DeFi, and NFTsNon-fungible tokens (NFTs), which are unique digital assets that cannot be replicated, have been all the rage over recent months. What’s the deal with DeFi “blue chips”? SNX, AAVE, YFI surge 100 percent off lowsIf you’ve been following Ethereum Twitter over the past few days, you’ve likely seen the term “blue chip” mentioned time and time again in reference to certain DeFi projects. Crypto “bank” Cred files for bankruptcy after alleged multimillion fraud caseCrypto lending firm Cred filed for a voluntary Chapter 11 case in the United States Bankruptcy Court for the District of Delaware to explore strategic alternatives. 1.1m XRP stolen in phishing scam on crypto wallet Ledger lookalikeCrypto scams and attacks are on the rise once again as the broader sector breaks out of a nearly three-year-long bear market. Once $80-million privacy crypto Grin comes under 51% attackIf you were around in 2018 or early 2019, you likely remember the hype around MimbleWimble. Nouriel “Dr. Doom” Roubini admits Bitcoin is a “partial” store of valueOne of the most staunch critics of Bitcoin over the past few years has been Nouriel “Doctor Doom” Roubini. Crypto entrepreneurship is like climbing Mt EverestGuest post by Thierry Gilgen, CEO of MachinaTrader. ySqueeze: the effort that helped to drive Yearn.finance (YFI) 140% higher in 36 hoursPrior to today, Yearn.finance (YFI) was one of the worst-performing cryptocurrencies of the past two months. The U.S. government owns $1b in Bitcoin—and some don’t think they should sell itUndoubtedly one of the biggest crypto stories this past week aside from the price action was the news that the United States government had made a monumental move in the Silk Road case. Ethereum DeFi prints massive recovery 10-30% after capitulation amongst investorsOn Wednesday and Thursday, there was a clear sense of capitulation amongst investors in top Ethereum DeFi tokens. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
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Famed technical analyst: Bitcoin risks short-term top or consolidation after big fall