From Bitcoin’s push to stay above $8K to a comparison between EOS and Cardano, here’s a look at some of the stories breaking in the world of crypto.
A crypto trader says Bitcoin whales are responsible for BTC’s sudden surge back above $8,000, which lifted the overall crypto market by about $12 billion in less than 24 hours.
The popular analyst known as Wolf told his 10,000 followers on Twitter that BTC whales, who were spot buying, triggered FOMO which brought the price of Bitcoin roaring back to life.
So much spot buying. pic.twitter.com/NeQ1AukWk9
— wolf (@ImNotTheWolf) June 7, 2019
Meanwhile, fellow analyst Josh Rager told his crew of 40,000 that recent price action has turned resistance at $7,941 into support. He’s now looking for BTC to break the next line of resistance at around $8,200, which he believes would clear the way toward a sharp rise to nearly $9,000.
$BTC: Bullish Resistance Flips to Support
A close above current resistance will be a nice move for Bitcoin which could lead to a retest of the resistance in the $8200s
A break and close above $8200s would bullish for a further move up to high $8ks pic.twitter.com/Knvq5NFMKH
— Josh Rager ? (@Josh_Rager) June 7, 2019
Coinbase is implementing support for Ethereum ENS. The technology allows users to connect easy-to-read, human names to their wallet addresses, making it much easier to send and receive crypto.
For example, users can simply tell Coinbase to send crypto to MikeJames.eth’ instead of ‘0x4gdbe58u82403…”