Cryptocurrencies Price Prediction: Bitcoin, VeChain and Stellar Lumens – European Wrap 1 March
Bitcoin collateralized loans skyrocket but regulation poses a threat
Bitcoin has been in existence for more than a decade and has grown remarkably both as an asset used as a store value and a currency. A recent report by Arcane Research revealed that over 420,000 BTC is currently used as collateral for digital-backed loans. Read more...
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VET breakout explores open-air toward the beckoning $0.06
VeChain has lifted off the recent support at $0.035. The bullish momentum increased in intensity after stepping above the 200 Simple Moving Average (SMA) on the 4-hour chart. Gains are likely to continue, especially after the VET broke above descending trendline resistance. Read more...
Stellar wriggles at the edge of a cliff amid massive sell signals
Stellar is fighting for stability after the freefall from highs of around $0.61. However, short-term analysis hints at the cryptocurrency being massively bearish. The rising wedge pattern could jeopardize immediate support at the 50 Simple Moving Average (SMA) daily chart. Read more...
Author
FXStreet Team
FXStreet
