CRYPTO NEWS: Latest BITCOIN News, DOGECOIN News, RIPPLE News? MONERO News
Bitcoin is slowly rising and trading above the $9,150 level against the US Dollar. BTC is struggling to gain bullish momentum above $9,200, but there are a few bullish signs emerging on charts.
Bitcoin Price is Showing Positive Signs
After trading close to the $9,000 level, bitcoin started an upside correction against the US Dollar. BTC managed to clear the $9,120 resistance level and the 100 hourly simple moving average.
It opened the doors for more gains and there was a break above a significant bearish trend line with resistance near $9,160 on the hourly chart of the BTC/USD pair. The pair even traded above the $9,200 resistance, but it failed to gain bullish momentum.
The next resistance is near the $9,300 level, above which the bulls are likely to aim a test of the $9,500 and $9,550 levels.
Dogecoin Surges After Elon Musk Pimps Canine Crypto, Addresses Bitcoin Giveaway Scam
Dogecoin is once again on a tear – up nearly 10% in its US dollar and Bitcoin pairs after Tesla chief executive Elon Musk pimps the canine crypto.
In a viral tweet, Musk posted a meme suggesting that the cryptocurrency, which was introduced as a joke cryptocurrency in 2013
Following the tweet, Dogecoin climbed as high as $0.003835 on Saturday – nearly a 20% surge according to CoinMarketCap.
When asked by one of his followers where his Bitcoin is from the Twitter giveaway scam, the Tesla CEO replies,
“Excuse me, I only sell Doge.”
Most-wanted Wirecard executive transferred large amounts of Bitcoin from Dubai to Russia
The former chief operating officer at disgraced payments firm Wirecard has reportedly transferred bitcoin from Dubai following his escape from Germany, according to reporting by German media.
Jan Marsalek was a key figure behind the breakdown of Germany-based Wirecard, which has made headlines for filing for insolvency and allegations of improper accounting tied to billions of dollars that went missing from its balance sheet.
“Mr. Marsalek liked engaging in late-night discussions about cryptocurrencies and their ability to move money without a trace,” a July report noted.
Analyst Considers Bitcoin Could Be Ready To Breakout
Could Bitcoin Breakout in the Coming Days?
The entire crypto market is experiencing mixed reactions as some altcoins continue to grow while others are stuck for months.
Coins such as Crypto.com, Chainlink, Binance Coin and Cardano, have experienced large gains in recent weeks, and they were able to surpass very large and historical cryptocurrencies.
Argentina’s Largest Telecom Reportedly a Victim to Monero Ransomware
Argentina’s Telecom was reportedly attacked in a ransomware hack. The unknown perpetrators have demanded the ransom to be paid in Monero and the amount can go as high as $15 million.
To provide the decryption software, the unknown attackers have requested a ransom paid in the popular privacy coin – Monero.
Despite no hackers’ group taking responsibility for the hack so far, several signs point towards one of the most popular organizations in the field – REvil. After the Travelex hack, REvil said that they will seize requesting ransoms in BTC as it leaves trails. Instead, the group announced switching their primary demand currency to precisely Monero.
Peter Schiff Doubles Down on Sentiment That Bitcoin Is a “Pyramid Scheme”
Despite a decade-long track record and growing adoption as a medium of exchange and store of value, Bitcoin is still seen as a pyramid scheme by some.
Bitcoin Gaining Adoption From Wall Street
Despite Schiff’s bearish sentiment about the leading cryptocurrency, it is gaining adoption from Wall Street and from Silicon Valley.
Grayscale Investments, a digital asset manager whose clients are mostly institutions, reported last week that it saw a record quarter of investment.
Ripple Price Analysis: Bulls Aim Bullish Break Above $0.20
Ripple price is consolidating above the $0.1920 support zone against the US dollar.
The price is currently facing resistance near the $0.2000 and $0.2020 levels.
The pair is showing signs of an upside break as long as it is above the $0.1920 level.