Bitcoin could hit a new year-to-date (YTD) high, abetted in part by the risks surrounding the US presidential election. The analogy takes cues from a quarterly commodity outlook published by Citigroup. The American banking giant specifically based its report on gold and its potential behavior amid the election season this November. It noted that the precious metal may rise to a new yearly high, stating that the market is underplaying the asset’s ability to grow against the election’s uncertainty. Connecting Dots Bitcoin, which has erratically tailed the gold market since March 2020, fell this week against a similar geopolitical outlook. The cryptocurrency briefly touched $10,100 as the Federal Reserve Chairman Jerome Powell warned about their inability to support the US economy without the second … [Read More...]

Chainlink has been seeing intense weakness throughout the past few weeks, which has come about following a period of macro strength that allowed its price to rally up to highs of $20.00. The cryptocurrency has since posted enormous losses that have erased months of upside, leading some analysts to now anticipate further losses in the near-term. LINK is currently in the process of breaking below its macro support at $10.00, with bears beginning to garner full control of its near-term outlook. One analyst is noting that the $8.00 to $9.00 region is a strong support zone that could ultimately mark a long-term bottom. That being said, he still believes that its macro outlook is incredibly bright, noting that he is setting his sights on … [Read More...]

Uniswap’s token UNI has been seeing massive inflows of capital throughout the past few days and weeks, with investors flocking to try to garner governance rights over Uniswap – which has rapidly become the most popular AMM in the market. This has caused the price of UNI to surge, hitting highs of over $8.40 yesterday before witnessing massive inflows of selling pressure that slowed its ascent and caused it to erase some of its recent gains. Nevertheless, it is still trading up well over 600% from its lows of $1.00 that were set just after its launch. These lows came about due to the sudden influx of 400 UNI token sell orders from individuals who had just received their token airdrops. Now that the dust is settling, UNI … [Read More...]

Bitcoin Press Release: Crypto exchange INX, which recently launched its security token initial public offering (IPO), has crossed the minimum $7.5 million threshold imposed by the U.S. Securities and Exchange Commission (SEC). Over 3,000 retail and accredited investors registered for the INX token offering in the first 3 days. 14th September 2020, New York, United States: INX will start accepting bitcoin (BTC), ether (ETH), and USDC stablecoin, starting today. INX said over 3,000 retail and accredited investors registered for the INX token offering during its first three days. Now that the minimum requirement INX has set to raise the first $7.5 million of its up to $117 million IPO in dollars and not crypro, has been met, investors will be able to purchase INX tokens with these coins, here: https://… [Read More...]