RATE Group | Bitcoin consolidating ahead of next explosive move
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Bitcoin consolidating ahead of next explosive move

21 Jan Bitcoin consolidating ahead of next explosive move

Posted at 04:26h in Bitcoin News by

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Here’s what you need to know on Monday

Markets

BTC/USD is currently trading at $8,900 (-0.10%) in the afternoon in U.S. hours, price action is moving within consolidation mode.

ETH/USD is currently trading at $166.95 (+0.80%), as the price cools following strong moves north last week. 

XRP/USD is currently trading at $0.2319 (-0.75%), a move south is being seen following a rejection at $0.2500 over the weekend. 

Among the 100 most important cryptocurrencies, the best of the day are DGD $30.98 (+10.60%), BSV $272.81 (+6.49%) and SEELE $0.117889 (+6.27%) and The day’s losers are STEEM $0.161036 (-11.90%), ETC $ (-8.05%) and BCD $293.28 (-7.30%).

Chart of the day: BTC/USD 60-minute chart (bearish pennant pattern)

Market

Charles Hoskinson, co-founder and CEO of IOHK, the blockchain firm behind Cardano (ADA), said that he expects the coin to see a hard fork in mid-February. He said: “Looks like February — at pretty high certainty —  we’re going…

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