🗞 Daily Crypto News, February, 6th💰

in #bitcoin • 5 years ago (edited)

  • Bitcoin’s Uptrend Is Gathering Pace and Many Altcoins Are Surging Too ;
  • Tezos (XTZ) Outperforms Bitcoin Price With 80% Monthly Gain ;
  • Fed Says it Is Looking into Possibility of CBDC Issuance ;
  • Exchange Deposits in Bitcoin Slide to Lowest Level in 3 Years ;
  • App Used in Iowa Caucus Isn’t Mobile Voting, Blockchain Voting App Says ;
  • 🗞 Daily Crypto Calendar, February, 6th 💰
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Bitcoin’s Uptrend Is Gathering Pace and Many Altcoins Are Surging Too

Bitcoin bulls pushed prices to fresh three-month highs above $9,700, reinstating the bull view aborted by a doji candle earlier this week.

The indicators on the daily and weekly charts are signaling strong bullish momentum.

Bitcoin could test the psychological resistance of $10,000 in the near-term. Pullbacks, if any, could be short-lived.

While bitcoin's rally has gathered pace in the last 24 hours, other major cryptocurrencies have put on a better show.
Bitcoin, the top cryptocurrency by market value, found bids near $9,100 during the Asian trading hours on Wednesday and rose to a fresh three-month high of $9,755 during the late U.S. session.

Daily chart

Weekly chart

🗞 Tezos (XTZ) Outperforms Bitcoin Price With 80% Monthly Gain

Since the start of the year Bitcoin (BTC) has gained approximately 41% and on Feb. 5 the crypto asset thrilled investors as the price broke through the $9,500 resistance and rallied to set a new yearly high at $9,745.

In light of Bitcoin’s strong trend reversal from its 2019 bottom at $6,400, there is a growing number of altcoins that have far eclipsed Bitcoin’s recent gains. Take, for example, Tezos (XTZ) which to date has rallied 205% off its October 2018 low at $0.728.

Let’s take a look at the charts to see what the future may hold for Tezos.

🗞 Fed Says it Is Looking into Possibility of CBDC Issuance

America appears to be the latest country to have had a change of heart on the matter of central bank digital currencies (CBDCs ) – with the head of the central Federal Reserve suggesting that a “digital dollar” may well be in the pipelines.

In a speech prepared for the Stanford Graduate School of Business in California, the Fed governor Lael Brainard said, per Bloomberg,

“Given the dollar’s important role, it is essential that we remain on the frontier of research and policy development regarding [CBDCs]. We are conducting research and experimentation related to distributed ledger technologies and their potential use case for digital currencies, including the potential for a CBDC.”

🗞 Exchange Deposits in Bitcoin Slide to Lowest Level in 3 Years

The number of bitcoin on-chain deposits has dropped sharply over the last six months, indicating a strong optimistic or “HODLing,” sentiment in the market.

The seven-day average of the number of transfers to exchange addresses, or unique daily exchange deposits, fell to 23,986 on Jan. 1. That’s the lowest level since November 2016 and comes after topping out at 58,925 at the end of June 2019, according to crypto analytics firm Glassnode. The number has since inched up to 27,289 as of Feb. 4.

🗞 App Used in Iowa Caucus Isn’t Mobile Voting, Blockchain Voting App Says

The application that was recently used in the Iowa Democratic caucus was “not mobile voting,” according to major blockchain voting firm Voatz.

The mobile software designed to calculate votes in the Iowa Democratic caucus on Feb. 3 has become the center of discussion after an alleged error in the smartphone app resulted in the Democrats delaying all public reporting of the results of Monday's caucuses.

According to a report by the Associated Press, party officials in Iowa subsequently blamed an unknown “coding issue” with the software that led to producing only “partial and unreliable results.” As reported, the application was created by a little-known company called Shadow that was founded by executives of Hillary Clinton’s unsuccessful presidential campaign.

🗞 Daily Crypto News, February, 6th💰

  • Chiliz (CHZ)

WHU fan token offering begins.

  • General Event (CRYPTO)

Codeup #34 [Pre Eth London UK hackathon edition] at 18:30 pm (GMT+00:00) in London.

  • Zilliqa (ZIL)

"Digital Assets in ASEAN 2020 - The Next Stage" meetup in Singapore from 6:30 PM - 8:30 PM.

  • Travala.com (AVA)

"Live Telegram AMA with our Co-Founder Juan Otero Thursday February 6th @ 3:00 PM (GMT)..."

  • IOTA (MIOTA)

"IOTA Javascript Workshop Berlin" in Berlin from 6 PM - 8 PM.

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of my last analysis :

Here is the current chart :

The 0.18$ resistance line has been broken yesterday, little time after my publication, and we continued to progress slowly today. The next big resistance line is around 0.21$ and will be the objective to reach if we don't have a correction before. We must enjoy these times to give back some values to the STEEM as the ALT season is really in progress these last weeks.

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Last Updates

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5 years ago in #bitcoin by
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