Support Team

About Support Team

This author has not yet filled in any details.
So far Support Team has created 411 blog entries.

September 2020

Bitcoin vs. USD: why only a weaker dollar will push BTC above $20,000

2020-09-30T13:06:00+00:00 September 30th, 2020|Crypto News|

A widespread debate among investors is the correlation of Bitcoin (BTC) with other markets. A high degree of correlation between the equity markets and Bitcoin has existed, particularly in the last few months. In other periods, gold and Bitcoin appear to move in tandem.However, the correlation that should be watched the most is the dollar since the global economy is based on the strength or [...]

Afraid of DeFi? Here’s how to earn 41% APY on Bitcoin without wrapping it

2020-09-29T20:45:00+00:00 September 29th, 2020|Crypto News|

The number of investors interested in yield farming has grown immensely over the past 6-months as decentralized finance (DeFi) applications became better known and easier to use. This has led to an uncountable number of liquidity pools offering annual percentage yields (APY) surpassing 1,000% and the total value locked in DeFi contracts has risen to billions of dollars.Bitcoin investors who wanted a piece of the action [...]

Comments Off on Afraid of DeFi? Here’s how to earn 41% APY on Bitcoin without wrapping it

Regulation is coming, Uniswap controversy, how many use crypto worldwide: Hodler’s Digest, Sept. 21–27

2020-09-27T21:00:20+00:00 September 27th, 2020|Crypto News|

Coming every Sunday, Hodler’s Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers!Top Stories This WeekEuropean Commission unveils digital finance package for crypto and blockchainThe days of murky legal waters and uncertainty for the crypto industry could be coming to an end if the European Commission is to be believed.A new digital finance package has been unveiled that [...]

Comments Off on Regulation is coming, Uniswap controversy, how many use crypto worldwide: Hodler’s Digest, Sept. 21–27

What price must Bitcoin reclaim for a renewed bull market in October?

2020-09-26T14:45:00+00:00 September 26th, 2020|Crypto News|

Volatility was expected throughout the week regarding the expiration of a significant amount of futures. However, this didn’t really happen while the macro-economic environment also remains uncertain.A hack of a major cryptocurrency exchange on Sep. 26 didn’t influence the price at all, which is a positive signal for the markets and a positive signal for the market’s maturity.However, is this boring price action going to [...]

Comments Off on What price must Bitcoin reclaim for a renewed bull market in October?

WTF happened in 1971 (and why the f**k it matters so much right now)

2020-09-24T19:32:15+00:00 September 24th, 2020|Crypto News|

If you’ve ventured on to Crypto Twitter this year, you may have seen a tweet from the meme account WTF Happened in 1971?Created in March, the account posts numerous times a week to its fast growing fanbase of 10,500 followers. A typical post features a graph that shows how inequality has grown in recent years, inflation has skyrocketed and how ordinary people are being priced [...]

Comments Off on WTF happened in 1971 (and why the f**k it matters so much right now)

Bears reign as 86% of September’s $284M CME Bitcoin options are worthless

2020-09-24T00:10:00+00:00 September 24th, 2020|Crypto News|

As of now, the $622 million total open interest for BTC futures expiry on Friday seems quite relevant. This Friday, a total of $100 million in CME Bitcoin (BTC) options are set to expire. 58% of these are call (buy) options, meaning buyers can acquire BTC futures at a fixed price.As the expiry draws near, call options 10% or higher above the current BTC price are [...]

Comments Off on Bears reign as 86% of September’s $284M CME Bitcoin options are worthless

Whales profit mightily from lucrative DeFi yield farming: Data shows

2020-09-23T17:06:00+00:00 September 23rd, 2020|Crypto News|

Decentralized Finance has taken crypto by storm providing holders with a wide range of options to earn high-yield returns on their crypto and stablecoin holdings. DeFi has not only led to huge rallies in the prices of governance and reward tokens like YFI and LEND but it has also given way to a new-found interest in cryptocurrencies.The release of liquidity protocols like Uniswap and Curve [...]

Comments Off on Whales profit mightily from lucrative DeFi yield farming: Data shows

Uniswap 57% price crash marks ‘DeFi depression’ for SUSHI, CRV, UNI

2020-09-23T15:54:00+00:00 September 23rd, 2020|Crypto News|

In the previous weeks, the majority of the cryptocurrencies have seen a massive crash. Losses of 50-80% have been witnessed in the markets, particularly affecting the DeFi space.The major losers in the previous weeks were Curve DAO Token (CRV) and SushiSwap (SUSHI). Next to that, one of the biggest decentralized exchanges UniSwap (UNI) has also seen a substantial correction. Its token UNI dropped by 57% [...]

Comments Off on Uniswap 57% price crash marks ‘DeFi depression’ for SUSHI, CRV, UNI

Bitcoin options still bullish despite this week’s $900 BTC price drop

2020-09-22T21:40:00+00:00 September 22nd, 2020|Crypto News|

The $900 Bitcoin (BTC) price drop over the past two days might have been scary for novice traders, but those trading futures and options don't seem bothered. Cryptocurrency daily market performance snapshot. Source: Coin360As Bitcoin price rallied to $11,000 on Sept. 19, investors may have become overly excited as the price briefly broke an important resistance level. The steady rally lasted ten days and saw Bitcoin’s dominance [...]

Comments Off on Bitcoin options still bullish despite this week’s $900 BTC price drop

DeFi plummets: 3 reasons for the 46% correction from YFI, UNI, DEX tokens

2020-09-22T01:15:00+00:00 September 22nd, 2020|Crypto News|

After outperforming Bitcoin (BTC) and Ether (ETH) strongly in August, Decentralized Finance (DeFi) tokens are now plummeting as many registered losses of up to 50%. Cryptocurrency daily market performance snapshot. Source: Coin360At the moment, the two coins garnering the most attention are Yearn.finance (YFI) and Uniswap (UNI) as both have dropped by 46% and 48% since reaching a monthly peak.YFI/USDT 4-hour chart. Source: TradingView.comThree catalysts appear [...]

Comments Off on DeFi plummets: 3 reasons for the 46% correction from YFI, UNI, DEX tokens

Uniswap payday, ETH transactions hit record high, EU backs stablecoins: Hodler’s Digest, Sept. 14–20

2020-09-20T21:17:18+00:00 September 20th, 2020|Crypto News|

Coming every Sunday, Hodler’s Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers!Top Stories This WeekFrenzy as Uniswap launches new governance tokenUniswap stole the show this week when it announced it was launching UNI, its very own governance token. A total of 1 billion tokens will exist, and anyone who has ever used the platform can claim 400 [...]

Comments Off on Uniswap payday, ETH transactions hit record high, EU backs stablecoins: Hodler’s Digest, Sept. 14–20

Bitcoin price volatility expected as 47% of BTC options expire next Friday

2020-09-20T01:15:00+00:00 September 20th, 2020|Crypto News|

The open interest on Bitcoin (BTC) options is just 5% short of their all-time high, but nearly half of this amount will be terminated in the upcoming September expiry. Although the current $1.9 billion worth of options signal that the market is healthy, it’s still unusual to see such heavy concentration on short-term options.By itself, the current figures should not be deemed bullish nor bearish but [...]

Comments Off on Bitcoin price volatility expected as 47% of BTC options expire next Friday

Will the CME Bitcoin futures gap buyers at $9,600 be left in tears?

2020-09-19T11:20:00+00:00 September 19th, 2020|Crypto News|

The recent week has been relatively dull on the price movements of Bitcoin (BTC), as a slow upward trend was established after Bitcoin’s price found a footing at above $10,000. This rally then continued toward $11,000 on Sep. 18 but was pushed back by some short-term resistance levels. The previous week has been focused solely around Uniswap (UNI) and the airdrop of its token, combined with [...]

Comments Off on Will the CME Bitcoin futures gap buyers at $9,600 be left in tears?

Pinned below $11K, Bitcoin price plays second fiddle to Uniswap (UNI)

2020-09-19T02:31:00+00:00 September 19th, 2020|Crypto News|

As the weekend begins, Bitcoin (BTC) price continues to fluctuate between the $10,800-$11,000 range. Cryptocurrency daily market performance snapshot. Source: Coin360Some analysts would say the digital asset has lost momentum but a quick glance at the 1-hour or 4-hour chart shows Bitcoin chugging along sideways in a defined range which is starting to see some compression. BTC/USDT 1-hr chart. Source: TradingViewDespite what appears to be ‘disinterest’ from [...]

Comments Off on Pinned below $11K, Bitcoin price plays second fiddle to Uniswap (UNI)

Bitcoin maxis DeFi ideology as BTC tokenized on Ethereum tops $1B

2020-09-18T02:04:00+00:00 September 18th, 2020|Crypto News|

After failing to hold the $11K mark and exposing what some analysts have described as a general apathy to trade BTC at these levels, Bitcoin (BTC) price is once again flirting with $11,000. As suggested by Cointelegraph contributors Marcel Pechman and Micheal van de Poppe, a move above $11K is not a deeply significant milestone as the confluence of multiple factors, including looming overhead resistance and [...]

Comments Off on Bitcoin maxis DeFi ideology as BTC tokenized on Ethereum tops $1B

It’s a bull trap! 3 key metrics forecast Bitcoin price rejection at $11K

2020-09-17T17:08:00+00:00 September 17th, 2020|Crypto News|

Traders are usually skeptical as Bitcoin (BTC) approaches key resistances, and there was no exception as the price added 7.7% to attack the $11K level.  Not every rally will shift technical indicators to overbought levels, but there is usually some gain in volume and futures contracts sentiment that may transition from neutral to bullish. Derivatives markets are especially sensitive to trend changes due to leverage.Yesterday, as [...]

Comments Off on It’s a bull trap! 3 key metrics forecast Bitcoin price rejection at $11K

Programmable money: How crypto tokens could change our entire experience of value transfer

2020-09-16T19:55:28+00:00 September 16th, 2020|Crypto News|

Programmable money (PM) is in the air. It may be the next stage in the evolution of money. And it could be as disruptive as any financial technology in development today.Yes, China is close to launching the first central bank digital currency (CBDC) at scale — perhaps within the next 12 months — but if so it will be eclipsed before the decade’s end by [...]

Comments Off on Programmable money: How crypto tokens could change our entire experience of value transfer

Polkadot indicator? Data shows Ethereum price follows it to the DOT

2020-09-15T17:24:00+00:00 September 15th, 2020|Crypto News|

Market capitalization and ‘flippenings’ happen to be important reflections of value for many crypto pundits and investors.Anyone who’s been in the game since 2017 will recall the heated discussions revolving around the Ether (ETH) to Bitcoin (BTC) flippening and the same commotion was caused by Bitcoin Cash (BCH) and EOS flipping top blockchains as they moved into the top-5.Now traders’ attention has shifted to Polkadot [...]

Comments Off on Polkadot indicator? Data shows Ethereum price follows it to the DOT

Bitcoin price charts hint $11K will likely cause trouble for BTC bulls

2020-09-15T15:25:00+00:00 September 15th, 2020|Crypto News|

While Bitcoin (BTC) has been showing weakness in recent weeks as BTC price dropped from $12,000 to $10,000, some light at the end of the tunnel is showing up.The price of Bitcoin showed support at the psychological barrier of $10,000 and bounced numerous times as it’s already close to $11,000. Most importantly, can Bitcoin break through this crucial area and continue its bullish momentum?Bitcoin holds [...]

Comments Off on Bitcoin price charts hint $11K will likely cause trouble for BTC bulls

DeFi carnage, Chef Nomi’s admission, $625K prize for cracking Monero: Hodler’s Digest, Sept. 7–13

2020-09-13T21:00:01+00:00 September 13th, 2020|Crypto News|

Coming every Sunday, Hodler’s Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers!Top Stories This WeekDeFi goes boom as top tokens crash by 50% — But enjoy a sudden reboundIt was an industry that looked like it was overheating for some time, and finally, at least for a short while, it appeared that the DeFi bubble had well [...]

Comments Off on DeFi carnage, Chef Nomi’s admission, $625K prize for cracking Monero: Hodler’s Digest, Sept. 7–13

DeFi mainstreaming impossible until DEXs integrate layer 2, experts say

2020-09-12T22:43:00+00:00 September 12th, 2020|Crypto News|

The rapid growth of the decentralized finance sector (DeFi) took a shock after the recent 17.5% drop in Bitcoin (BTC) price. However, it is likely that the DeFi sector will continue to grow as Bitcoin recovers, especially as users continue to look for high-yield strategies as a means to earn interest on their Bitcoin and crypto holdings.If the sector continues to grow as it did [...]

Comments Off on DeFi mainstreaming impossible until DEXs integrate layer 2, experts say

A DeFi bull run might take $400 Ethereum options traders by surprise

2020-09-11T21:05:00+00:00 September 11th, 2020|Crypto News|

Ether (ETH) price gained 14% from its Sept. 6 low at $320, but this month's futures and options expiry is less than two weeks away. As its price is still pinned below $400, this raises the question of exactly how confident are derivatives traders of a 9% recovery to $400?By analyzing options model pricing, investors can easily conclude that traders are pricing in the 34% [...]

Comments Off on A DeFi bull run might take $400 Ethereum options traders by surprise

Bitcoin price at risk of CME gap-fill unless $10.5K flips to support

2020-09-11T00:03:00+00:00 September 11th, 2020|Crypto News|

Since dropping 17.5% to a monthly low at $9,817 last week, Bitcoin (BTC) price has bounced around in what appears to be a tightening range between $9,800-$10,600. The digital asset has yet to establish a clear pattern of daily higher lows and lower highs but as mentioned by Cointelegraph contributor Rakesh Upadhyay: “The long tail on the candlesticks of the past five days shows that the bulls [...]

Comments Off on Bitcoin price at risk of CME gap-fill unless $10.5K flips to support

3 reasons why the Bitcoin dominance metric is a flawed indicator

2020-09-09T20:22:00+00:00 September 9th, 2020|Crypto News|

Bitcoin (BTC) dominance has always been one of the first pieces of information displayed on cryptocurrency ranking websites like Coin360 and CoinMarketCap. Although it seems a consolidated and straightforward metric, there's an argument that the market share indicator makes less sense as time goes by.One point to note is the staggering growth of the stablecoin industry. As Tether (USDT) and USD Coin (USDC) have seen [...]

Comments Off on 3 reasons why the Bitcoin dominance metric is a flawed indicator

These 3 key indicators signalled Bitcoin price reached a $12K top

2020-09-08T16:26:00+00:00 September 8th, 2020|Crypto News|

Last week's Bitcoin (BTC) 11.4% drop might have seemed unexpected or entirely out of the norm. The truth is, the lack of a more substantial correction since the 50% drop that occurred on March 12 was the unusual part.Some analysts and investors have said that the current DeFi boom was an unmistakable sign of excessive optimism, as some newly launched tokens quickly reached $1 billion [...]

Comments Off on These 3 key indicators signalled Bitcoin price reached a $12K top