The last week of trading has undoubtedly been a successful one for Bitcoin and the entire cryptocurrency market. BTC’s price gained more than $1,100, charting an increase upwards of 13% in the past seven days alone. Despite the few ups and downs, the price seems to be comfortable above $9,400. Interestingly enough, Bitcoin is trading...Read More
Bitcoin Bitcoin saw a further 10% price surge over the past week as the number 1 ranked cryptocurrency breaks above the $9,000 level. It had found major support at $8,255 (short term .382 Fib Retracement), which allowed it to rebound and climb. Bitcoin went on to rise into resistance provided by the November high at...Read More
DASH is showing strength across trading pairs with 4.5% growth The long-term bullish trend could continue once DASH reclaims the monthly high DASH may drop if the XABCD harmonic pattern completes DASH/USD: Buyers Target $137 To Complete Butterfly Pattern – Possible Bearish Reversal In Sight Key Resistance Levels: $137, $150Key Support Levels: $113, $97 Following...Read More
Bitcoin’s 2020 positive price movement will continue, according to the Managing Partner at Fundstrat Global Advisors, Tom Lee. He believes that both the fundamentals and the technical aspects of the largest cryptocurrency are intact to deliver excellent results throughout the whole year. Bitcoin Enters A Bull Run Bitcoin has recorded a seriously impressive month, starting...Read More
A recent report by Baidu has revealed a lot of details surrounding China’s cryptocurrency. According to the document, the country’s central bank will be the institution monitoring the digital currency. However, as expected, the ledger used for its creation won’t provide any kind of anonymity but rather allow the Government to monitor financial transactions closely....Read More
The U.S. based cryptocurrency exchange Coinbase has hired a former Google executive as a new Chief Product Officer (CPO). After over a month since the previous CPO left the company, the popular exchange has replaced him with Surojit Chatterjee. Coinbase Hires A New CPO In December last year, Jeremy Henrickson left his position at the...Read More
Andrew Yang, who is currently running for the 2020 US Presidency, sat for an interview with Bloomberg, and he shared his stance on the matter of cryptocurrency regulations. According to him, the country needs to provide more clarity. However, he ultimately thinks that legislation can’t stop people to buy Bitcoin. Andrew Yang On Bitcoin Regulations...Read More
Blockchain technology continues to make waves around the world. And today, the world has witnessed what many believe to be the first major step towards a new way for startups to access capital. According to a press release by Andriotto Financial Services, dated January 29th, 2020, the country of Switzerland has recently approved OverFuture SA’s...Read More
Against Bitcoin, ETC may face weekly resistance at 0.0015SAT level ETC is following a bullish sentiment across trading pairs ETC/USD: ETC Buyers Regroup Stronger Following The Break Above 2019 High Key Resistance Levels: $16, $20Key Support Levels: $10, $8 ETC/USD. Source: TradingView After a weak correction to $8, Ethereum Classic bounced back with more than...Read More
2020 has so far been an exciting and profitable year for Bitcoin. Since the early days of January, the cryptocurrency has managed to increase its value by almost 40%. This is a spectacular performance for any asset, even more so within traditional markets. BTC/USD January. Source: TradingView In the past 24 hours alone, Bitcoin is...Read More
Jae Kwon, co-founder, and CEO of Tendermint and president of the Interchain Foundation revealed in a series of tweets late Tuesday that he will step down from his role at Cosmos to work on a daughter project. Tendermint is the company that’s behind the development of the Cosmos SDK. Cosmos Network was launched in March...Read More
XRP increased by 2.5% over the past 24 hours of trading, bringing the price up to $0.238. Against BTC, XRP has suffered heavily after dropping beneath 2600 SAT to approach the January lows at 2525 SAT. The latest price increase is mostly a result of BTC surging back above $9,000. Key Support & Resistance Levels...Read More
The number of active entities holding Bitcoin is continuously growing over the years to the current number of over 23 million, according to a recent report. Cryptocurrency exchanges control 13% of all bitcoins, and Coinbase is the leader with the most considerable stash. The popular blockchain monitoring resource, Glassnode, recently published its new paper regarding...Read More
John McAfee, who previously made a daring prediction that Bitcoin will reach $1 million by the end of this year, continues his recently negative stance against the largest cryptocurrency. The founder of one of the most popular antivirus software said that Bitcoin is the true shitcoin, and the future of crypto is with alternative coins....Read More
Over the past days, following a decent start to the new decade, we had seen Bitcoin correcting nicely and healthily into the 38.2% Fibonacci level at $8300. Immediately after that, Bitcoin fired its engines and in just three consecutive days, the primary cryptocurrency had gained over $1200 (!), which is more than 15% to its...Read More
Today, Cardano went up by 13.74% gains as buyers continue to show interest. The biggest gainer on market cap targets $0.064 in the near term. Cardano’s bullish sentiment is still moderate against Bitcoin, awaiting a clear break. ADA/USD: Cardano is Poised For More Gains After Surging To $0.042 The latest surge in the price of...Read More
An interesting poll on Twitter revealed that if Bitcoin’s price reached $100,000, most people would prefer to sell either all or some of their holdings for fiat. A comparison with another poll, however, shows an exciting consistency with what Bitcoin holders supposedly intend to do. Majority Will Sell If Bitcoin Price Reaches $100,000 One of...Read More
The sudden breakout of the coronavirus in China and its continuous spread might already be taking its toll on the local and even global economy. In a recent statement, the Japanese Economy Minister said that he believes corporate profits and factory production are taking serious hits. And while major indexes are charting losses across the...Read More
Ethereum saw another 4% price increase over the past 24 hours of trading, which caused it to climb back into the resistance at the 200-days EMA. Against BTC, ETH dropped beneath the short term ascending triangle but found support at the .382 Fib Retracement. Ethereum is still struggling to break the 200-days EMA resistance, which...Read More
Bitcoin’s price just crossed the $9,000 mark. The halving, which is arguably one of the most anticipated events in the cryptocurrency space in 2020, is just months away. Still, there is no real coverage on behalf of mainstream media, unlike what happened toward the end of 2017 when Bitcoin was charting daily surges, and traditional...Read More
Bakkt, the Bitcoin Futures trading platform for institutions, had caused a lot of positive noise before its actual launch in mid-2019. The platform is backed by ICE, and since its launch, there is a constant growth in its daily reported traded volume. It had crossed the benchmark of 6,000 delivered Bakkt Bitcoin Futures. Those are...Read More
Bitcoin’s price surged 6% in 48 hours from the $8250 handle to above $8770. The price movements come as the coronavirus continues to spread in China. The Wuhan virus epidemic continues to plague throughout the country and abroad. Medical authorities confirmed a fifth case of the SARS-like virus in the United States. Much broader markets...Read More
BCH is one of the biggest gainers over the last 24 hours.. Bitcoin Cash is following bullish sentiment across its trading pairs. Sellers are waiting to scalp gains from potential pullbacks. BCH/USD: BCH Bounced Back After Major Corrections, Poised For More Gains Key Support Levels: $423, $500Key Resistance Levels: $310, $275 Since the entire crypto...Read More
One of the most concerning and substantial pieces of news early in 2020 came from China. The country saw the outbreak of a new coronavirus in mid-January in the Chinese city of Wuhan. Supposedly originating in a local food market in the city, the virus now spreads over a broader territory while the number of...Read More
The Saudi Crown Prince allegedly hacked Amazon CEO Jeff Bezos’ iPhone in May 2018. Two U.N. investors brought the news to light this week. It rocked the entire global community. Prince Mohammad bin Salman may have been able to compromise Bezos’ smartphone WhatsApp text. That something so innocuous as a text could be a cyber...Read More
Yesterday, one of the most successful and popular basketball players, Kobe Bryant, met his tragic demise in a helicopter accident. While the world is mourning his passing, TRON’s Justin Sun quickly dedicated the next niTROn conference to the legendary player. However, the crypto community is divided in its reactions if this is genuine grief or...Read More
Ethereum went through a 3% price increase over the past 24 hours after rebounding from support at the 100-days EMA. Against BTC, ETH has turned away from the resistance at the 100-days EMA and looks to trend lower with a bearish crossover signal on the Stochastic RSI. Ethereum has survived from dropping beneath the $158...Read More
A quick update following yesterday’s analysis. As we mentioned here yesterday on the previous analysis – Bitcoin price’s recent correction down to $8200 was healthy (so far). Added to the above, is the fact that Bitcoin had found support precisely on the lower trend-line of the ascending channel, marked on the following 4-hour’s chart. Over...Read More
Central banks have been contemplating the idea of creating their own cryptocurrencies for a while now. China has been one of the first countries to express its intentions in this regard. The country’s CCIEE chair even stated that they will be the first to launch its central bank digital currency (CBDC). A former deputy governor...Read More
The CEO of one of America’s biggest banks hasn’t had anything nice to say about Bitcoin in the past. Back in 2017, JP Morgan Chase chief Jamie Dimon called Bitcoin a straight-up “fraud,” and a bubble that “won’t end well.” But now, during a CNBC interview at the World Economic Forum in Davos, Dimon says...Read More
