By CCN Markets: Bitcoin has a new bedrock support level, and for the first time ever, it’s in five-figure territory. According to the CEO and founder of the deVere Group, Nigel Green, Bitcoin’s “new normal bottom” is $10,000. “It bounces at this price. If it fluctuates below this level, it shoots back up again. We...Read More
Since the recent drop from $11,000 t0 $9,800 as outlined in my previous analysis on BTC, price levels have created an asymmetrical triangle and will see a breakout next week. Bitcoin 1-Hour Analysis On the 1 hour chart for XBT/USD, we can see the asymmetrical triangle highlighted after the breakdown from the rising wedge as...Read More
As we head towards the end of 2019, it’s worth taking a look at how bitcoin prices tend to perform in the final quarter of the year. Depending on which academic discipline you believe in, history either repeats itself… or is a poor indicator of the future. After over a decade of existence, bitcoin now...Read More
By CCN Markets: Litecoin’s recent block reward halving was supposed to be a bullish catalyst for the LTC price. Unfortunately, the long-anticipated event failed to help the struggling cryptocurrency rally against Bitcoin. Instead, it merely provided even more ammunition for Litecoin critics. Litecoin halving the price lol — PonziBonziBb (@jerry4562) August 20, 2019 However, “Trader...Read More
<div innerhtml=" Bitcoin’s bull run so far this year, which has seen the bitcoin price climb some 200% since January, has been largely put down to some of the world’s biggest technology companies taking an interest in bitcoin and cryptocurrencies. The bitcoin price has plateaued at around $10,000 as bitcoin traders and investors fret global...Read More
A major bitcoin technical indicator has turned bearish for the first time this year sending mixed messages to the markets. Some analysts maintain we are still in a bull market while others are predicting more pain before any gain. Bitcoin Weekly MACD Death Cross In the trading world, a MACD is not a popular form...Read More
It is usual for bitcoin to retain its five-figure valuation, says the founder of a $12 billion financial advisory organizations.DeVere CEO Nigel Green on Monday said that bitcoin had located a local bottom at $10,000, stating that the cryptocurrency has lingered around the same level for many times this year. But it has bounced back...Read More
Nigel Green, the CEO and co-founder of deVere Group, which is one of the world’s largest independent financial advisory organizations, predicted that Bitcoin price could hit $15,000 and that its new normal bottom is $10,000. Nigel Green made some comments regards Bitcoin‘s price earlier this month as BTC makes a small jump in price hitting...Read More
The cryptocurrency market is continuing its sideways trading dynamic. After falling just above the $10,000 mark, Bitcoin has staged a small recovery, rolling back its weekend losses, currently staying at $10,300. See below for our full Bitcoin price analysis. Cryptocurrency market dynamics since August 24. Source: Coin360 Altcoins are seeing a more depressing outlook, with...Read More
The Australian Securities Exchange (ASX) is teaming up with fintech firm Digital Asset and VMWare to move its current exchange platform onto distributed ledger technology. Announced today, ASX and Digital Asset have signed a three-party memorandum of understanding (MOU) to build a replacement platform for the existing Clearing House Electronic Subregister System (CHESS) onto DLT....Read More
While the U.S.-China trade war has been a cause of pain for stock market investors, it has been a boon for bitcoin, per a new study. According to trading platform eToro, the number of bitcoin positions opened at key moments of the Sino-U.S. trade tensions this year outpaced those of gold positions entered during the...Read More
Millions of cryptocurrency investors have fallen victim to a growing number of multilevel marketing scams over the recent years. In 2018, victims lost about $1.7 billion to companies that falsely promised to multiply their capital within a short period. The criminals used plenty of old-school and new tricks to lure investors into purchasing worthless cryptocurrencies....Read More
By CCN Markets: The Dow Jones clung to gains of more than 250 points on Monday after President Donald Trump held a joint press conference with French President Emanuel Macron at the G7 in France. While the stock market edged back toward its session highs, Trump appeared unable to offer anything fresh for bulls to...Read More
The speculations to CZ’s Twitter teaser have proven to be true – Binance has now announced the upcoming launch of its crypto lending service. Users can earn up to 15% interest on BNB and other assets. Binance has officially announced its lending service which is expected to kick off on the 28th of August, at...Read More
A cryptocurrency exchange claiming to settle bitcoin futures contracts physically just landed $10 million in financing from Polychain Capital and Bitcoin.com chairman Roger Ver, among others. The exchange, CoinFlex, launched in February of this year and says it is the first exchange to close futures contracts in bitcoin as opposed to a cash settlement. Speaking with...Read More
Cryptocurrency derivatives giant BitMEX now controls 0.15% of all the bitcoins in circulation, new data from the company reveals. BitMEX Expands Fund By 50% Since January Compiled by industry media outlet The Block, a chart of BitMEX’s Insurance Fund shows its stock has reached 31,300 BTC as of August 25. That figure is the largest...Read More
Over the past week, Crypto Twitter has been ablaze with talk of a Bitcoin (BTC) crash.You see, the Moving Average Convergence Divergence (MACD) on Bitcoin’s one-week chart flipped red for the first time since November 2018 — when the cryptocurrency was plummeting from $6,000 to $3,000.Related Reading: Bitcoin (BTC) Surges 5% in Minutes, Rallies Past...Read More
The first Swiss company to operate an integrated cryptocurrency exchange and custody, SMART VALOR, has added Bitcoin Cash to its range of listed tokens.Why does this matter and what’s in it for buyers? The listing of Bitcoin Cash (BCH) on SMART VALOR matters, because it is the first fully compliant and licensed exchange launched out...Read More
Coinbase adds WalletLink functionality enabling its users to use dApps within the company’s wallet app. One of the most interesting dApps is IDEX – currently the world’s largest decentralized exchange (DEX). San Francisco-based cryptocurrency exchange Coinbase added WalletLink functionality to enable its users to use dApps within the company’s wallet app. One of the most...Read More
Financial experts and analysts are raising alarming concerns on the growing chances of US recession in the next year. Investors looking towards Bitcoin as a potential hedge. Investors and financial experts have been continuously raising concerns on an impending US recession expected over the next one year. Clive McDonnell, head of the equity strategy at...Read More
All eyes returned to Bitcoin this week after yet another record saw the largest cryptocurrency achieve growth like never before in its history. Realized BTC Market Cap Finally Reaches 3 Figures Data from monitoring resource Coinmetrics.io showed that as of August 25, Bitcoin’s realized market cap had hit $100 billion. The milestone for that particular...Read More
Weekend trading has been largely lack luster as usual. Bitcoin spent most of the time hovering just above $10k while the altcoins stayed in bed. A Monday morning push in Asia has sent BTC up to a five day high but its brethren have yet to react.Bitcoin Dominance Reclaims 70%A few hours ago Bitcoin hit...Read More
<div innerhtml=" The Winklevoss twins of Facebook-founding fame have long been strong advocates for bitcoin and cryptocurrencies, buying up huge amounts of bitcoin and founding the U.S. Gemini crypto exchange. The bitcoin price, now back abover $10,000 per bitcoin after dipping under the psychological mark earlier this month, has climbed around 200% so far this...Read More
Bitcoin has spent most of the weekend just clinging on to levels above $10k but failing to make any progress there. Yet again trading in Asia has driven momentum this Monday morning as a spike over $10,600 takes BTC to its next resistance level. Seven Percent Bitcoin Spike in Asia Another dip down to $9,900...Read More
Following a visit to Switzerland to meet with the country’s financial regulators, United States lawmakers are still concerned over Facebook’s proposed cryptocurrency project, Libra. A delegation of the United States House of Representatives visited Switzerland last week because they have been concerned about cryptocurrency issues, especially regarding Facebook’s yet-to-come stablecoin Libra. Representative Maxine Waters published...Read More
By CCN Markets: On August 28, the bitcoin price flash surged across major cryptocurrency exchanges, rising to as high as $10,800 on BitMEX, the largest margin trading platform for crypto traders based on daily volume. A large number of shorts were liquidated on BitMEX, triggering buy orders at a higher price, taking the bitcoin price...Read More
The Grayscale Bitcoin Trust (GBTC) told investors to ditch gold for Bitcoin (BTC) just before the precious metal surged. A case of bad timing for Grayscale That was the latest observation from RT host and Bitcoin bull, Max Keiser, who on Aug. 26 concluded GBTC’s dedicated Bitcoin-not-gold campaign got its timing wrong. “$GBTC’s ‘Drop Gold’...Read More
Early Bitcoin investors and founders of Gemini, Cameron and Tyler Winklevoss were making news even before they entered the crypto space. They were famous for suing Mark Zuckerberg over Facebook, and their journey was documented in the movie ‘Social Network’. The Winklevoss twins were interviewed by Today, where they were asked about their opinion on...Read More
According to a report published by Yahoo Finance on August 24, 2019, U.S.-based internet retailer Overstock is doubling down on its investment in the cryptocurrency and blockchain space. Interestingly, this development comes just a few days after the Midvale-headquartered firm’s pro-crypto CEO, Patrick Byrne resigned from his position under controversial circumstances. Unphased by the Recent...Read More
Many signs indicate that the Indian economy is under grave stress, affecting nearly all sectors. “India’s economy is in a deep mess,” due to initiatives such as demonetization and GST, some lawmakers say, as they urge the government to handle the situation “which is intensifying on a daily basis.” Also read: Indian Supreme Court Orders...Read More
