Cryptocurrency Blockchain Ecosystem

Uzidata is an organization for fearless crypto-fanatics realized just how difficult it was to navigate through the countless substandard information that was circulating on the web.

However, with the current surge, the price levels in the market have returned to the same ones in February, when Bitcoin traded above $9,200. BTC is leading the bull run, posting massive gains of up to 10.34% against the USD in the last 24 hours. At the time of writing, Bitcoin is trading in the $9,000 area.

A report was recently published by the world economic forum which delved into how the deployment of a blockchain-based solution could address the supply chain efficiencies and failures that have been so clearly exposed since the pandemic of COVID-19 spread throughout the world.

See the latest news, Here Are the Macro Factors Driving Bitcoin’s Explosive Uptrend. Buyers have allowed the cryptocurrency to put some serious distance between its recent lows of $3,800, now attempting to propel it firmly into the five-figure price region.
Read more: bit.ly/2SKboT1

Bitcoin may have performed extremely well over the past two months, rallying over 100% from the March lows, but analysts say the asset’s rally is far from over.

Ethereum could be well positioned to see some notable upside in the days and weeks ahead, despite its overt signs of weakness caused by its recent decline to the sub-$200 region.

Bitcoin (BTC/USD) continued to fade lower early in today’s Asian session as the pair failed to sustain a move higher to the 9594.99 area during yesterday’s European session, just below the 9613.54 area that represents the 76.4% retracement of the depreciation from 10079.00 to 8106.70.

The cryptocurrency market has been noticing a rising price in the spot market.Ethereum, the second-largest cryptocurrency has seen strong green candles over the past couple of days. According to data, ETH’s price has climbed up by 12.44% in the past two days and was valued at $211.96, at press time. As the spot price rises, theETHderivatives market has also been registering a growing trend and points at a bullish trend that may overtake the market.