Most people enter the cryptocurrency market with the sole purpose of making profits by investing, trading, or hodling. This is quite understandable, and for them, prices are the most crucial factor. Furthermore, they can get into real in-depth details to notice some positive or negative changes in the last day, week, month, or even a...Read More
Over the past days, the first ones of 2020, we received a reminder of the typical behavior of the Bitcoin price. As we pointed out about the trading volume, which was declining through the past week, we did get a considerable price action day (yesterday), recording the highest amount of volume of the past ten...Read More
Bitcoin and the alternative coins receive different acceptance from people: from a speculative tool for trading to an investment option, digital gold, etc. Yet, most of them have another, more meaningful purpose that is somehow neglected by the masses when they see only their coins’ prices. While most people are aware of the top digital...Read More
It’s safe to say that the beginning of 2020 is everything one might have expected it to be on the cryptocurrency market: volatile. Just a few days after the New Year’s bell rang, Bitcoin went on a rollercoaster, dropping down to a low of $6,850, only to recover hours later, gaining upwards of $500 in...Read More
Bitcoin’s price went on a rollercoaster over the past week but still remains trapped beneath the December resistance at $7,686. The cryptocurrency fell below $7,000 to find support at $6,885. However, after reaching this level, Bitcoin bounced higher as it now trades around $7,319. If the bulls continue to drive Bitcoin higher and push it...Read More
The slightly negative attention from institutions towards Facebook’s Libra continues with the German Central Bank’s President Jens Weidmann, saying that they have to slow it down with further regulations. He also notes that banks must improve their payment systems and the E.U. should be more considerate regarding launching e-euro. Weidmann On Digital Euro Ever since...Read More
A U.S. citizen, Joanna De Alba has been detained and indicted for an alleged conspiracy to possess and distribute illegal drugs including heroin and methamphetamine, through the dark web in exchange for Bitcoin. The defendant was arrested while trying to enter the United States through the U.S-Mexico border on October 24, 2019. Alleged Dark Web...Read More
Bitcoin’s price went on yet another quick rollercoaster throughout the past 24 hours. It dropped down to about $6,850 yesterday, only to get back up above $7,300 today. Interestingly enough, the move comes following a US airstrike, which had the leader of Iran’s Quds Force’s leader killed. Bitcoin Price Surges $500 In Hours Yesterday, the...Read More
The case between the U.S. Securities and Exchange Commission (SEC) and the encrypted messaging platform Telegram takes another turn. The latter has reportedly refused to hand over financial details regarding its ICO from two years ago, which was recently requested by the market regulator. Telegram Does Not Want To Share After raising over a billion...Read More
Good news for cryptocurrency traders in South Korea as profit generated from crypto trading will not be subjected to tax, according to a recent announcement from the country’s Ministry of Finance and Strategy. The Ministry clarified that the current tax law does not consider crypto trading gains as taxable income; thus, Korean crypto traders are...Read More
Ethereum has seen a small 3% price increase over the past 7 days as it trades at the $130 level. Against BTC, ETH still is struggling to break above the resistance at 0.01820 BTC. Ethereum must break above $135 to turn bullish. Key Support & Resistance Levels ETH/USD Support: $128, $120, $118. Resistance: $133.50, $145,...Read More
One of the most anticipated events in 2020 is coming close. Bitcoin’s halving, that will slash the reward miners get for adding new blocks to the network, is about 4 months away. Given that it would likely decrease the demand of freshly minted bitcoins to the market, a lot of people think it would have...Read More
Ethereum network has successfully completed its latest hard fork, although no official announcement is made. Muir Glacier activated on 2nd Jan 2020 at Block number 9,200,000. This hard fork brings in EIP 2384 improvement proposal. The upgrade will delay the difficulty bomb (known as “ice age”) that was increasing the average mining block time. Further,...Read More
Despite the extremely positive last decade, Bitcoin has also received a lot of criticism and negativity. Such is the case with an economist from Lending Tree, calling it a pyramid scheme that has no real utility in the world. At the same time, a Chief Market Strategist noted that he actually owns five cryptocurrencies, but...Read More
The Bitcoin bulls didn’t expect that this is how the new decade would start, but this is Bitcoin, always doing the unexpected. This might also be true regarding the current halving year. The Bitcoin halving event is anticipated to take place somewhere in the middle of May. The majority of the crypto community are eager...Read More
Bitcoin Cash is expected to see some crucial developments in the near future. The upgrades are considered to be the largest privacy improvement on the BCH Network. One of them is the CashFusion protocol. As per a Reddit announcement, this protocol will add an extra layer of privacy on top of the user’s BCH-based network...Read More
Trevon James, a former promoter of the famous cryptocurrency Ponzi scheme, BitConnect, made a Bitcoin prediction in 2018, which he must be regretting today. Back in 2018, he said that BTC’s price will be $10 on January 1st, 2020 and that he would eat his own dog’s excrement live on the internet if this is...Read More
Bitcoin marked the end of 2019 at around $7,150, which is a notable increase of over 90% since January 1st. Looking at the price on a smaller time frame, BTC has decreased by 1% in the last 24 hours and is currently trading at $7,190. Just yesterday, the largest cryptocurrency attempted to break the $7,400...Read More
Summary XRP starts 2020 trapped within a narrow range between $0.20 and $0.1815. Against BTC, it is struggling to break above the crucial resistance at 2700 SAT. The cryptocurrency remains ranked in the 3rd place with a market cap of $8.39 billion. Key Support & Resistance Levels XRP/USD Support: $0.181, $0.17, $0.167. Resistance: $0.19, $0.20,...Read More
It’s the start of a new decade, and industry famous twin Tyler Winklevoss, the co-founder, and CEO of cryptocurrency exchange and custodian company Gemini Trust, has shared his views on what the next ten years hold for crypto. According to Winklevoss, crypto is already becoming more than a niche technology and a form of money,...Read More
TRON Foundation bagged the “Most Innovative Blockchain 2019” award at the Jinse Finance’s “Keeping Pace with the Time” Award Ceremony. The award ceremony hosted on Dec 27, 2019, featured more than 100 blockchain enterprises, 300 influencers and many more. TRON, China’s No 1 blockchain, was awarded the title looking at the growth graph the foundation...Read More
It’s safe to say that Bitcoin, as well as the entire cryptocurrency market, were in for one wild ride in 2019. This is true in terms of price, but also for new developments, exciting events, important community positions, and so forth. A lot of people believe that 2019 was the preparation year for Bitcoin and...Read More
Tezos slipped by a further 10% this week but managed to find strong support at $1.30. Against Bitcoin, the cryptocurrency has rebounded after meeting support slightly beneath 0.00018 BTC. Today, XTZ is the only positive-performing cryptocurrency from the top projects. Key Support & Resistance Levels XTZ/USD Support: $1.29, $1.20, $1.15. Resistance: $1.42, $1.64, $1.74, $1.80.....Read More
With only a few hours left to the start of 2020, a recent market report from Santiment, a platform for accessing cryptocurrency data and insight, revealed that Saturdays proved to be the best days for Bitcoin in 2019 with Fridays being the worst. According to Santiment, they created a backtesting solution to calculate the daily...Read More
Just a quick update to yesterday’s extended Bitcoin update: Shortly after reaching the significant resistance of the month-old descending trend-line, as of yesterday, Bitcoin got rejected and rapidly lost momentum. Failing to hold the $7400 and breach the December descending trend-line (marked light green on the following daily chart), had sent Bitcoin below the next...Read More
The controversy around the Wright versus Kleiman legal case continues, as the former is reportedly going to receive the private keys needed to access over one million Bitcoins on January 1st, 2020. If successful in retrieving them, it’s questionable how and if Craig Wright will dispose of the cryptocurrency and what the effect on the...Read More
Summary Ethereum saw some brief stabilization this week after the cryptocurrency rebounded from $125 and broke above the resistance at $130. Against Bitcoin, ETH surged higher from the 0.017 BTC support as it trades at 0.018 BTC. Despite the recent price rebound, Ethereum has still lost a total of 10% over the past 30 days...Read More
The beginning of the new year will deliver a new hard fork for Ethereum, called Muir Glacier. Just a few weeks after the last one (Istanbul), the new fork should address the issues left from it and is supposed to happen on Wednesday, January 1st, 2020. Muir Glacier To Start 2020 According to the official...Read More
There was some good news since our previous weekend price analysis, as Bitcoin returned to retesting the higher descending angle of the bearish triangle. However, yesterday we saw another fake-out when Bitcoin quickly turned down back under the confluence price area. A new weekend starts today, not a regular one since many traders are still...Read More
The Indonesian subsidiary of the Huobi Global cryptocurrency exchange announced the launch of its fiat-to-crypto trading gateway for Indonesian customers. The Huobi clients can now trade between Indonesian Rupiah (IDR) and Tether (USDT). With this gateway, clients can buy USDT using IDR and trade more than 250 cryptos that the platform supports. Senior director of...Read More
