Bitcoin: USD/BTC (BTC=X) likely to face sellers near $5,615 or $5,815

Bitcoin: USD/BTC (BTC=X) likely to face sellers near $5,615 or $5,815

Bitcoin: USD/BTC (BTC=X) likely to face sellers near $5,615 or $5,815 Yesterday, we discussed a possible sell scenario below $6,350 in bitcoin price against the US Dollar. The BTC/USD pair broke down and nosedived below a few important supports such as $6,150, $6,000 and $5,650. The decline was such that the price traded below $5,400 […]

Bitcoin (BTC) Falls, Bringing Down the Entire Cryptocurrency Market

Bitcoin (BTC) Falls, Bringing Down the Entire Cryptocurrency Market

Bitcoin (BTC) Falls, Bringing Down the Entire Cryptocurrency Market $BTCUSD For months, the price of Bitcoin has been hanging around the mid-6,000’s mark.  But now, the most popular cryptocurrency has plummeted by 12% over the last day, hitting a value just above 5,500. The total market capitalization for Bitcoin now stands at $96-B, the 1st […]

Bitcoin: USD/BTC (BTC=X) bulls might see bounce-back

Bitcoin: USD/BTC (BTC=X) bulls might see bounce-back

Bitcoin: USD/BTC (BTC=X) bulls might see bounce-back Bitcoin [BTC] has recently seen a drop, breaking the resistance at the $6,220-mark to provide an extremely bearish outlook. However, traders might see an opportunity for a retracement as the coin is yet to recover to its previous support levels. There is no visible uptrend, as the price […]

Major Blockchain Deals in Hong Kong

Major Blockchain Deals in Hong Kong

Success Dragon proposes change of company name to ezBlock Capital International Holdings Limited, To reflect diversification into fintech and blockchain Service agreement concluded with Tencent-backed Linklogis for its blockchain-based supply chain financing platform, Followed by purchase of trade receivables through Qianhai Finanical Assets Exchange to tap cross-border fintech opportunities Success Dragon International Holdings Limited (“Success […]

Bitcoin: USD/BTC (BTC=X) struggling to break the $6,460

Bitcoin: USD/BTC (BTC=X) struggling to break the $6,460

Bitcoin: USD/BTC (BTC=X) struggling to break the $6,460 Recently, we discussed that bitcoin price turned short term bearish below the $6,510 support against the US Dollar. BTC/USD extended its decline below the $6,460 support and traded towards the $6,350 level. Buyers pushed the price above the 23.6% Fib retracement level of the last downside leg […]

Singapore to Become a Global Hub of Cryptocurrencies

Singapore to Become a Global Hub of Cryptocurrencies

Singapore to Become a Global Hub of Cryptocurrencies The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX) have successfully developed Delivery versus Payment (DvP)1 capabilities for the settlement of tokenised assets across different blockchain platforms2. This will help simplify post-trade processes and further shorten settlement cycles. 2     The DvP prototypes, developed with technology partners […]

Bitcoin (BTC) Price Looks Like a  Further Fall into Bear Market Territory

Bitcoin (BTC) Price Looks Like a  Further Fall into Bear Market Territory

Bitcoin (BTC) Price Looks Like a  Further Fall into Bear Market Territory $BTCUSD Bitcoin’s (BTC) reversal of the recent uptrend in prices is gathering pace and a drop deeper into Bear Territory below $6,200 is now a possibility, technical charts indicate. The leading cryptocurrency found acceptance below the lower edge of the rising channel Thursday, invalidating the […]

Bitcoin: USD/BTC (BTC=X) likely to bounce back as long as it is above $6,440

Bitcoin: USD/BTC (BTC=X) likely to bounce back as long as it is above $6,440

Bitcoin: USD/BTC (BTC=X) likely to bounce back as long as it is above $6,440 Yesterday, we saw a nice upward move above the $6,500 resistance in bitcoin price against the US Dollar. The BTC/USD pair traded as high as $6,553 and settled above the 100 hourly simple moving average. Later, the price started a downside […]

Bitcoin (BTC) Seeing its Worst Session in 10

Bitcoin (BTC) Seeing its Worst Session in 10

Bitcoin (BTC) Seeing its Worst Session in 10 $BTCUSD, $CME, $CBOE Altcoins are showing signs of life, says 1 technical analyst *Did you know that mining Bitcoins is 3X more expensive than mining Gold? Major digital currency prices traded lower Thursday in New York, giving up the majority of Wednesday’s advance. Bitcoin, BTCUSD, -0.22%  the most famous an […]

Bitcoin: USD/BTC (BTC=X) major bullish trend line in place

Bitcoin: USD/BTC (BTC=X) major bullish trend line in place

Bitcoin: USD/BTC (BTC=X) major bullish trend line in place Yesterday, bitcoin price started a downside correction after trading as high as $6,472 against the US Dollar. The BTC/USD pair declined below the $6,440 and $6,420 support levels. It also broke the 50% Fib retracement level of the last leg from the $6,319 low to $6,472 […]

Bitcoin’s Volatility Lowest in Nearly 2 Years

Bitcoin’s Volatility Lowest in Nearly 2 Years

Bitcoin’s Volatility Lowest in Nearly 2 Years $BTCUSD  Bitcoin (BTC) is experiencing 1 of its worst annual price performances of its 10-year-old life, perhaps becoming more stable in the process. Volatility of the largest cryptocurrency has fallen to its lowest for nearly 2 years, with price swings falling lower than increasingly edgy US stocks for […]

Bitcoin: USD/BTC (BTC=X) resistance is broken

Bitcoin: USD/BTC (BTC=X) resistance is broken

Bitcoin: USD/BTC (BTC=X) resistance is broken Bitcoin [BTC] saw a short rally yesterday, driven by a 20% hike in the value of its direct competitor, Bitcoin Cash [BCH]. This has led to fresh capital entering the market, pushing the trading volume of Bitcoin to the highest since mid-September. A long-term downtrend is seen from May, […]

Bitcoin: USD/BTC (BTC=X) indication of a bottoming crypto market

Bitcoin: USD/BTC (BTC=X) indication of a bottoming crypto market

Bitcoin: USD/BTC (BTC=X) indication of a bottoming crypto market The recovery of the BTC/USD is an indication of a bottoming crypto market. Considering the +75 percent drop this year, odds are we may see a recovery this quarter. Aside from technical factors, the simmering trade war between the US and China could trigger capital flights […]

Bitcoin: USD/BTC (BTC=X) Downside Vulnerability

Bitcoin: USD/BTC (BTC=X) Downside Vulnerability

Bitcoin: USD/BTC (BTC=X) Downside Vulnerability The BTC/USD index since the rebound is targeting the descending trendline forming in the near-term scenario while keeping the 100 and 200-hour moving average curves in sight as the potential upside targets. The momentum indicator RSI has recovered as expected and is now trending inside a neutral sentiment area. The […]

Infireum: Asia’s Stablecoin

Infireum: Asia’s Stablecoin

Infireum: Asia’s Stablecoin Stablecoins are all the rage and in Asia Infireum is making it’s mark as the stablecoin to own. A stablecoin is a cryptocurrency designed to minimize the price volatility. Stablecoins are used as stores of value or units of account, as well as in other use cases where volatile cryptocurrencies may be […]

Bitcoin: USD/BTC (BTC=X) Looks Set to Extend More Losses

Bitcoin: USD/BTC (BTC=X) Looks Set to Extend More Losses

Bitcoin: USD/BTC (BTC=X) Looks Set to Extend More Losses After a long struggle to clear the $6,480 and $6,490 resistance levels, there was a downside move in bitcoin price. BTC/USD started declining and broke the $6,390 and $6,360 support levels to move into a bearish zone. The 4-hours chart of BTC/USD indicates that the price […]

Bitcoin Meets Amazon in a Blockchain Revolution Called Infireum

Bitcoin Meets Amazon in a Blockchain Revolution Called Infireum

Bitcoin Meets Amazon in a Blockchain Revolution Called Infireum This is not your typical Cryptocurrency, not even close, Infireum is already listed and trading, there was NO ICO, no capital raise, the entire project was internally funded without debt to produce a legitimate solid currency. Infireum is pegged to a basket of crypto and Asian […]

Bitcoin: USD/BTC (BTC=X) multiple support breaks detected

Bitcoin: USD/BTC (BTC=X) multiple support breaks detected

Bitcoin: USD/BTC (BTC=X) multiple support breaks detected I wrote yesterday that technical picture here was now considerably more bearish, with the price selling from new lower resistance which has formed at $6,289 and there was a case for seeing the long-term bearish trend reassert itself. I sae reversals in either direction at any key levels […]

Bitcoin: USD/BTC (BTC=X) crucial contracting triangle formed

Bitcoin: USD/BTC (BTC=X) crucial contracting triangle formed

Bitcoin: USD/BTC (BTC=X) crucial contracting triangle formed During the past three sessions, there were mostly range moves above the $6,385 support in bitcoin price against the US Dollar. The BTC/USD pair formed a decent support near the $6,385 level, but it struggled to gain traction above the $6,420 and $6,430 levels. The last swing low […]

Bitcoin: USD/BTC (BTC=X) Bounce upwards may cause price momentum

Bitcoin: USD/BTC (BTC=X) Bounce upwards may cause price momentum

Bitcoin: USD/BTC (BTC=X) Bounce upwards may cause price momentum Bitcoin [BTC] recently saw a recovery in its price, moving upwards within its tightly defined trading range. The movement upwards may increase the momentum of the price and bring back swing traders, who have left the market due to claustrophobic trading ranges. A downtrend is seen […]

Bitcoin: USD/BTC (BTC=X) forming a double bottom pattern near the $6,350

Bitcoin: USD/BTC (BTC=X) forming a double bottom pattern near the $6,350

Bitcoin: USD/BTC (BTC=X) forming a double bottom pattern near the $6,350 Yesterday, there was a downside reaction from the $6,460 level in bitcoin price against the US Dollar. The BTC/USD pair fell below the $6,400 and $6,410 support levels. There was also a close below the $6,400 support and the 100 hourly simple moving average. […]

Bitcoin: USD/BTC (BTC=X) break above two bearish trend lines formed with resistance at $6,410

Bitcoin: USD/BTC (BTC=X) break above two bearish trend lines formed with resistance at $6,410

Bitcoin: USD/BTC (BTC=X) break above two bearish trend lines formed with resistance at $6,410 There was a downside extension below the $6,400 and $6,390 levels in bitcoin price against the US Dollar. The BTC/USD pair declined towards the $6,350 support area and formed a low at $6,357. Later, the price bounced back sharply and broke […]

Bitcoin: USD/BTC (BTC=X) low volume and low volatility

Bitcoin: USD/BTC (BTC=X) low volume and low volatility

Bitcoin: USD/BTC (BTC=X) low volume and low volatility The pair on 4H Coinbase chart is losing its bullish steam. It is trending below its 100H and 200H simple moving averages, while RSI, the momentum indicator, is also dipping into the selling area. The Stochastic Oscillator, meanwhile, is close to entering the oversold region, awaiting a […]

Bitcoin: USD/BTC (BTC=X) suggest a state of equilibrium between the buyers and the sellers

Bitcoin: USD/BTC (BTC=X) suggest a state of equilibrium between the buyers and the sellers

Bitcoin: USD/BTC (BTC=X) suggest a state of equilibrium between the buyers and the sellers Bitcoin dipped below the moving averages on Oct. 19, but the bears could not capitalize on the fall, as the price climbed back up the next day. The 20-day EMA is flat while the 50-day SMA is gradually sloping down. The RSI […]

Russia Embraces Bitcoin

Russia Embraces Bitcoin

First you ring, then push through heavy doors past a suspicious security guard before arriving at Moscow’s pioneering cryptocurrency store — a physical portal to the virtual realm of bitcoin. Russia has been at the forefront of the cryptocurrency revolution and the ultra-modern “DeeCrypto” shop, spread across two floors in central Moscow, attempts to navigate […]

Wall Street, Regulators and Bitcoin

Wall Street, Regulators and Bitcoin

Bitcoin may be the fraud of the century, depending on whom you believe, or it could be a gold mine for early adopters. Adventurous investors have already bought into the virtual currency and Wall Street is laying the groundwork for more wealth to flow into the cryptocurrency. But nobody can say how big (or small) […]

Bitcoin: USD/BTC (BTC=X) new yearly low volume

Bitcoin: USD/BTC (BTC=X) new yearly low volume

Bitcoin: USD/BTC (BTC=X) new yearly low volume Over the past 24 hours, Bitcoin has achieved a new yearly low volume, demonstrating a lack of momentum and strength to recover to the higher region of $6,000. Generally, technical analysts have stated that the low trading activity in the cryptocurrency exchange market can be attributed to the […]

Bitcoin: USD/BTC (BTC=X) ascending trend line

Bitcoin: USD/BTC (BTC=X) ascending trend line

Bitcoin: USD/BTC (BTC=X) ascending trend line Bolstered by stable trading volume, growing network activity, and increasing validation on Wall Street, the bitcoin price could be on the brink of a major move to the upside. Concurrently, daily cryptocurrency trading volumes, which steadily declined throughout most of the year, appear to have flatlined near $10 billion […]

Bitcoin: USD/BTC (BTC=X) could decline a few points towards $6,400

Bitcoin: USD/BTC (BTC=X) could decline a few points towards $6,400

Bitcoin: USD/BTC (BTC=X) could decline a few points towards $6,400 During the past few sessions, there was hardly any action above $6,500 in bitcoin price against the US Dollar. The BTC/USD pair consolidated below the $6,500 and $6,520 resistance levels. Earlier, a low was formed at $6,349 before the price corrected higher. It traded above the $6,460 […]

Bitcoin: USD/BTC (BTC=X) could dip towards the $6,340 or $6,320

Bitcoin: USD/BTC (BTC=X) could dip towards the $6,340 or $6,320

Bitcoin: USD/BTC (BTC=X) could dip towards the $6,340 or $6,320 Yesterday, we saw a sharp upward move above the $6,700 level in bitcoin price against the US Dollar. The BTC/USD pair traded above the $6,800 level and topped at $6,829. Later, there was a major downside move and the price reversed most gains below $6,500. […]

Bitcoin: USD/BTC (BTC=X) still within the descending triangle

Bitcoin: USD/BTC (BTC=X) still within the descending triangle

Bitcoin: USD/BTC (BTC=X) still within the descending triangle Today’s session advances while the Bitcoin price reports an increase of 3.50% in the last 24 hours. Bitcoin rises above $ 6400 at the time of writing this analysis increasing with a high purchase volume. With this move Bitcoin moves away from the support in the $ […]

Hong Kong’s OKEx Lists 4 New ‘Stablecoins’

Hong Kong’s OKEx Lists 4 New ‘Stablecoins’

Hong Kong’s OKEx Lists 4 New ‘Stablecoins’ $BTCUSD Hong Kong-based cryptocurrency exchange OKEx has announced that it is adding four USD-pegged cryptocurrencies to its platform for trading. Rolling out the new additions over Monday and Tuesday, the exchange said in a support notice that it will list TrustToken’s TrueUSD (TUSD), Circle’s USDCoin (USDC), the Gemini Dollar (GUSD) […]

Bitcoin: USD/BTC (BTC=X) likely to face a strong selling interest near the $6,380

Bitcoin: USD/BTC (BTC=X) likely to face a strong selling interest near the $6,380

Bitcoin: USD/BTC (BTC=X) likely to face a strong selling interest near the $6,380 This past week, bitcoin price saw a solid increase in selling pressure around the $6,600 zone against the US Dollar. As a result, there was a nasty decline and the BTC/USD pair fell below the $6,400 and $6,200 support levels. The price traded towards […]

Cryptocurrencies on the Week Ended 12 October

Cryptocurrencies on the Week Ended 12 October

Cryptocurrencies on the Week Ended 12 October $BTCUSD, $ETHUSD Bitcoin holds above $6,000 ends week lower Bets against Ether hit record pace Bitcoin (BTC) prices held above $6,000 Friday, after a 24-hr selloff resulted in the price of the world’s largest digital currency trading very close to a Key support mark. 1 Bitcoin BTCUSD, +1.13%  was last going […]

Bitcoin: USD/BTC (BTC=X) Bottom in Sight

Bitcoin: USD/BTC (BTC=X) Bottom in Sight

Bitcoin: USD/BTC (BTC=X) Bottom in Sight The Bitcoin drop has brought us near September 8 lows, which held the downtrend from extending. Therefore, we are expecting BTC/USD to find a reliable support near 6154-fiat while 6395-fiat is capping the correction as resistance. We are not hoping to enter a long position on lower lows formation […]

Bitcoin (BTC) Proves No Safe-haven Play

Bitcoin (BTC) Proves No Safe-haven Play

Bitcoin (BTC) Proves No Safe-haven Play $BTCUSD, $ETHUSD The global equity market sell off spilled over into the cryptocurrency space, with major digital assets including Bitcoin, Ethereum and Ripple shedding billions in market value in just mins. The unexpected collapse in the digital currency sector follows a period of price stability for the highly volatile market, and may suggest that investors are less […]

Bitcoin: USD/BTC (BTC=X) moved into a bearish zone

Bitcoin: USD/BTC (BTC=X) moved into a bearish zone

Bitcoin: USD/BTC (BTC=X) moved into a bearish zone Yesterday, we discussed that bitcoin price could climb higher towards the $6,800 level against the US Dollar. However, the BTC/USD pair failed to break the $6,640 and $6,700 resistance levels. It resulted in a downside move below the $6,550 support and the 100 hourly simple moving average. […]

Bitcoin: USD/BTC (BTC=X) $6,550 support

Bitcoin: USD/BTC (BTC=X) $6,550 support

Bitcoin: USD/BTC (BTC=X) $6,550 support Yesterday, we discussed that bitcoin price seems to be preparing for the next leg either above $6,640 or below $6,460 against the US Dollar. The BTC/USD pair traded higher and broke the $6,600 and $6,620 resistance levels. There was also a break above the $6,640 level and the price settled above the […]

Bitcoin: USD/BTC (BTC=X) Supports Above $6,350

Bitcoin: USD/BTC (BTC=X) Supports Above $6,350

Bitcoin: USD/BTC (BTC=X) Supports Above $6,350 There was a strong support base formed above the $6,320 and $6,350 levels by bitcoin price against the US Dollar. The BTC/USD pair traded higher and formed a few lower highs at $6,800, $6,700 and $6,640. The recent swing low was formed at $6,398 before the price traded above […]

China Has the Power to Destroy Bitcoin (BTC)

China Has the Power to Destroy Bitcoin (BTC)

China Has the Power to Destroy Bitcoin (BTC) $BTCUSD A damning new study has suggested China holds threatening influence over Bitcoin (BTC), and perhaps even the ability to attack and ultimately destroy the entire Bitcoin network. Academics from Princeton and Florida International Universities have explored how China “threatens the security, stability, and viability of Bitcoin” […]

Bitcoin: USD/BTC (BTC=X) hinting at stronger odds of a downside move

Bitcoin: USD/BTC (BTC=X) hinting at stronger odds of a downside move

Bitcoin: USD/BTC (BTC=X) hinting at stronger odds of a downside move The range we are watching today has 6525-fiat acting as interim support and 6606-fiat acting as interim resistance. We have already entered a long position towards resistance on a bounce from support, and a close above resistance will also have us enter a long […]

Bitcoin: USD/BTC (BTC=X) risks are tilted to the downside

Bitcoin: USD/BTC (BTC=X) risks are tilted to the downside

Bitcoin: USD/BTC (BTC=X) risks are tilted to the downside While Bitcoin is sitting in a narrow range, experts and analysts are trying to predict where the market has hit the bottom or there is more pain in store ahead for crypto bulls. Considering that Bitcoin has been trading in the narrowest 20-week range in two […]

This is All You Need to Know About Bitcoin and Blockchain

This is All You Need to Know About Bitcoin and Blockchain

This is All You Need to Know About Bitcoin and Blockchain $BTCUSD, $BLCN  Bitcoin and the alternative cryptocurrencies, aka altcoins, are cryptic to say the least. Some people consider bitcoin a currency, others an investment and still others a store of value. Even government agencies cannot agree on what bitcoin really is. The IRS treats it […]

Bitcoin: USD/BTC (BTC=X) positive finish

Bitcoin: USD/BTC (BTC=X) positive finish

Bitcoin: USD/BTC (BTC=X) positive finish  The Bitcoin price (BTC/USD) has returned above the $6,500 mark following a positive finish to an otherwise poor Wednesday session. The original cryptocurrency had a largely disappointing session yesterday, as its price dropped below the $6,500 level for the first time in six days during the morning hours. The digital […]

Bitcoin: USD/BTC (BTC=X) dropped below the $6,500

Bitcoin: USD/BTC (BTC=X) dropped below the $6,500

Bitcoin: USD/BTC (BTC=X) dropped below the $6,500 The Bitcoin price (BTC/USD) has dropped below the $6,500 mark amid a downward trend felt across the broader digital currency market. The original cryptocurrency had an encouraging start to yesterday’s session, as it managed to reclaim the $6,600 level in early trading. The digital coin rose to as […]

Institutional Investors are Quietly Adding Cryptocurrencies to Holdings

Institutional Investors are Quietly Adding Cryptocurrencies to Holdings

Institutional Investors are Quietly Adding Cryptocurrencies to Holdings $BTCUSD, $ETHUSD Institutional investors are becoming more involved in the $220-B cryptocurrency market than many observers may realize. Buyers such as hedge funds have replaced HNWIs (high-net-worth individuals) as the biggest buyers of large lots of digital coins worth more than $100-K through private transactions.. The Big […]

Bitcoin: USD/BTC (BTC=X) support at $6,400

Bitcoin: USD/BTC (BTC=X) support at $6,400

Bitcoin: USD/BTC (BTC=X) support at $6,400 Bitcoin price made a pleasant upside move from the $6,300-6,310 zone against the US Dollar. The BTC/USD pair moved higher and broke the $6,500 and $6,700 resistance levels. There was likewise a nearby over the $6,500 level and the 100 straightforward moving normal (4-hours). In any case, the upside move […]

Swiss Bankers Raise $104-M to Establish Crypto Financial Services Company

Swiss Bankers Raise $104-M to Establish Crypto Financial Services Company

Swiss Bankers Raise $104-M to Establish Crypto Financial Services Company $BTC, $ETH Seba Crypto AG, a Swiss financial services company run by ex-UBS Group AG bankers, said it raised money as it seeks to become 1 of the world’s 1st regulated banks to let consumers trade paper (fiat) money into cryptocurrency. The Zug HQ’d company […]

Mt Gox Trustee Sold $230-M in Bitcoin, Bitcoin Cash Since March

Mt Gox Trustee Sold $230-M in Bitcoin, Bitcoin Cash Since March

Mt Gox Trustee Sold $230-M in Bitcoin, Bitcoin Cash Since March $BTC, $BTH, $USD, $JPY The trustee for the now-defunct Japanese cryptocurrency exchange Mt. Gox has revealed new details about the pace of cryptocurrency sales as part of the firm’s bankruptcy and rehabilitation process. Attorney Nobuaki Kobayashi explained in a 25 September notice on the […]

Bitcoin: USD/BTC (BTC=X) Trade safely

Bitcoin: USD/BTC (BTC=X) Trade safely

Bitcoin: USD/BTC (BTC=X) Trade safely Our intraday strategy is influencing us to keep our positions intrarange between the symmetrical triangle formation. So far, we have squeezed a small profit out of our long position from 6370-fiat to 6450-fiat, and a reversal from the upper trendline is keeping us short towards lower trendline while eyeing 6370-fiat […]

Bitcoin: USD/BTC (BTC=X) Reverses from Bear Flag Top

Bitcoin: USD/BTC (BTC=X) Reverses from Bear Flag Top

Bitcoin: USD/BTC (BTC=X) Reverses from Bear Flag Top Bitcoin on Monday depreciated more than 2 percent against the US Dollar from its bear flag top from Saturday. The BTC/USD kickstarted Asian trading session by consolidating sideways near-term between 6688-low and 6722-high. The pair in the absence of upside sentiment started losing positions to shorts. As […]

Bitcoin (BTC) Vs US Dollar (USD)

Bitcoin (BTC) Vs US Dollar (USD)

Bitcoin (BTC) Vs US Dollar (USD) $BTCUSD Trading in Bitcoin (BTC) and other digital coins continues to be very volatile, as the cryptocurrency market ramps up once again, running past the 6,000 mark: Bitcoin is the #1 cryptocurrency. Bitcoin remains highly correlated with the other digital coins, known aptly as the altcoins. When bitcoin rises, these […]

Bitcoin: USD/BTC (BTC=X) Preparing for Next Upside Wave

Bitcoin: USD/BTC (BTC=X) Preparing for Next Upside Wave

Bitcoin: USD/BTC (BTC=X) Preparing for Next Upside Wave There were a couple of nasty swing moves above $6,100 in bitcoin price against the US Dollar. The BTC/USD pair dipped sharply below the $6,200 support area and tested the $6,100 support. A low was formed at $6,104 and later the price surged higher. There were two […]

Cryptocurrencies, the Week in Review

Cryptocurrencies, the Week in Review

Cryptocurrencies, the Week in Review $BTCUSD, $ETHUSD,$XRPUSD Most all of the Top 10 digital currencies by market cap posted gainers, with some coins seeing dramatic increases in value quickly. Industry leader Bitcoin is trading above 6,700 as of 1:00p EDT Friday, that marked a gainer of 4%+ from that time 1 day prior, according to data […]

Bitcoin (BTC) and Other Digital Currencies Hacked in Japan to the Tune of $60,000,000

Bitcoin (BTC) and Other Digital Currencies Hacked in Japan to the Tune of $60,000,000

Bitcoin (BTC) and Other Digital Currencies Hacked in Japan to the Tune of $60,000,000 Bitcoin can be used for payment at 50,000 stores in Tokyo alone $BTCUSD Bitcoin (BTC) and other digital currency worth around Japanese Yen 6.7-B (or US$60-M) has been stolen in Japan following a hacking attack, a virtual exchange operator said Thursday. […]

Bitcoin: USD/BTC (BTC=X) Gaining Towards $7000

Bitcoin: USD/BTC (BTC=X) Gaining Towards $7000

Bitcoin: USD/BTC (BTC=X) Gaining Towards $7000 Bitcoin on Thursday improved its bullish bias by rising over 1.5 percent against the US Dollar. The BTC/USD on BitFinex is trading at 6421-fiat while continuing its bullish retracement from 6100-fiat, our intraday low. The pair kickstarted the Asian session while forming lows towards 6382-fiat. It consolidated sideways throughout […]

Bitcoin: USD/BTC (BTC=X) could still regain ground from here

Bitcoin: USD/BTC (BTC=X) could still regain ground from here

Bitcoin: USD/BTC (BTC=X) could still regain ground from here Bitcoin recently made a sharp dip lower but quickly found its way back inside the short-term rising channel on the 1-hour time frame. This suggests that price could still regain ground from here and that bulls are keen on defending the longer-term floors. The buildup in short […]

Islamic State’s Use of Bitcoin (BTC) May Be Over Very Soon

Islamic State’s Use of Bitcoin (BTC) May Be Over Very Soon

Islamic State’s Use of Bitcoin (BTC) May Be Over Very Soon $BTCUSD Like cash, the anonymity of Bitcoin and cryptocurrencies have attracted criminals and terrorists to the digital coins over recent past. That could soon all be over after the President of the Financial Action Task Force (FATF), Marshall Billingslea, said the group will likely agree […]

Bitcoin: USD/BTC (BTC=X) well supported by $6,300 for the time being

Bitcoin: USD/BTC (BTC=X) well supported by $6,300 for the time being

Bitcoin: USD/BTC (BTC=X) well supported by $6,300 for the time being Bitcoin is trading at $6,330. The digital coin No.1 failed to return to $6,500 handle despite a strong rally of XRP, ETH, and other altcoins, while its market domination dropped from 58% to 5% in a single day. BTC/USD has gained 1.25% on a […]

Cryptocurrency Exchanges Are at Risk for Manipulation

Cryptocurrency Exchanges Are at Risk for Manipulation

Cryptocurrency Exchanges Are at Risk for Manipulation $BTCUSD Several cryptocurrency exchanges are beleagured by poor market surveillance, pervasive conflicts of interest and lack sufficient customer protections, the New York Attorney General’s office said in a report published Tuesday. The study found that online platforms where virtual currencies such as bitcoin can be bought and sold […]

Cryptocurrencies are Becoming More Stable

Cryptocurrencies are Becoming More Stable

Cryptocurrencies are Becoming More Stable $BTC, $ETH Let’s examines Key factors in the growth of the cryptocurrency industry, and what regulators are doing to mitigate the risks It is an encouraging sign that the cryptocurrency community and regulators have been quick to evolve and respond to risks that have been identified in the market. For […]

Bitcoin (BTC) Briefing, Cryptocurrencies Making Gains Across Industries $BTCUSD, $ETHUSD, $USD, $MS In the market The talk in the cryptocurrency industry last surrounded Ethereum (ETH) as participants stand by and await the next stage of the digital coin’s development. The protocol also served as the starting point for a new fully regulated USD based stable-coin. […]

Savvy Investors Are Buying Blockchain Technology Stocks

Savvy Investors Are Buying Blockchain Technology Stocks

Savvy Investors Are Buying Blockchain Technology Stocks $IBM, $GBTC, $BR The technology known as blockchain is what the cryptocurrency market is built on. However, that is not its only function, it is also being used to change nearly every industry that deals with transactions and ledgers. Yes, there is Key connection between blockchain and cryptocurrencies, […]

Bitcoin: USD/BTC (BTC=X) witnessing massive gains over the course of the past 24 hours

Bitcoin: USD/BTC (BTC=X) witnessing massive gains over the course of the past 24 hours

Bitcoin: USD/BTC (BTC=X) witnessing massive gains over the course of the past 24 hours For the time being, business as usual seems to have been restored within the cryptocurrency space— with most of the major alt-coins witnessing massive gains over the course of the past 24 hours. Overall, the bias in prices is: Downwards. Note: […]

Cryptocurrency Prices May Be Headed Higher

Cryptocurrency Prices May Be Headed Higher

Cryptocurrency Prices May Be Headed Higher $BTCUSD,$ETHUSD Cryptocurrencies seem to make recoveries when all hope lost, and Thursday’s price action of the world’s 2nd largest cryptocurrency, Ether (ETH) and many others is no exception. Several of the Top 10 cryptocurrencies by market capitalization are reporting 24-hour gainers above 10%, including monero (XMR), litecoin (LTC), and […]

Until There are Clear and Present Regulated Guidelines Cryptocurrency will Not be a Robust, Legitimate Asset Class

Until There are Clear and Present Regulated Guidelines Cryptocurrency will Not be a Robust, Legitimate Asset Class

Until There are Clear and Present Regulated Guidelines Cryptocurrency will Not be a Robust, Legitimate Asset Class $BTCUSD,$CME, $Cboe There is and has been talk on The Street about financial institutions adding crypto services to their offerings, raising new funds for digital currencies, and even launching dedicated trading desks. But until institutional investors have a regulated, […]

Bitcoin: USD/BTC (BTC=X) Cautious Amidst Crypto Sell-Off

Bitcoin: USD/BTC (BTC=X) Cautious Amidst Crypto Sell-Off

Bitcoin: USD/BTC (BTC=X) Cautious Amidst Crypto Sell-Off The BTC/USD opened today at 6389-fiat after rising from the low near 6218-fiat from the previous day. The pair couldn’t continue the upside correction right from the beginning of the today’s Asian trading session and experience significant sell-off as the day matured. The bearish sentiment also rippled throughout […]

Bitcoin (BTC) Holding Support at 6,000

Bitcoin (BTC) Holding Support at 6,000

Bitcoin (BTC) Holding Support at 6,000 $BTCUSD Bitcoin held support above 6,000 in Tuesday’s trading; a Bitcoin BTCUSD, +0.37%  was going for 6,232.88, down 1.1% since Monday at 5:00p on the Kraken cryptocurrency exchange. The price of Bitcoin has fallen 14% since the beginning of September. Currently, Bitcoin is trading at 6,287.25, -8.29, or -0.1317%, as of 1:21a BST, the market open. […]

Bitcoin: USD/BTC (BTC=X) Signs of a Bearish Flag

Bitcoin: USD/BTC (BTC=X) Signs of a Bearish Flag

Bitcoin: USD/BTC (BTC=X) Signs of a Bearish Flag Bitcoin bulls and bears continue to battle it out as the price is hovering above the key support area once more. Bulls have strongly defended this level twice already, but the formation of lower highs has indicated that selling pressure is getting stronger. A break below this support […]

Institutional Investors to Launch Services Dedicated to Cryptocurrencies 

Institutional Investors to Launch Services Dedicated to Cryptocurrencies 

Institutional Investors to Launch Services Dedicated to Cryptocurrencies $BTCUSD, $BLK, $GS, $C, $ICE, $JPM The rejections by the US Securities and Exchange Commission (SEC) for the Bitcoin-based ETFs exchange traded funds is no deterrent to aspiring firms hopeful of launching the long-awaited cryptocurrency product. Leading cryptocurrency exchange operator Coinbase has emerged as the latest contender in the race to launch a cryptocurrency […]

Bitcoin: USD/BTC (BTC=X) Upside Limited

Bitcoin: USD/BTC (BTC=X) Upside Limited

Bitcoin: USD/BTC (BTC=X) Upside Limited BTC/USD’s weekly chart continues to project the price movements that are expected, trading within the boundaries of the descending triangle seen on this chart. Prices are now nearing support levels, as it currently trades at $6,200. There is still some downside momentum to this crypto pairing, and we could see […]

Bitcoin Tracker One, Ether Tracker One Trading Suspended

Bitcoin Tracker One, Ether Tracker One Trading Suspended

Bitcoin Tracker One, Ether Tracker One Trading Suspended $CXBTF, $CETHF Bitcoin is still viewed with a jaundiced eye by Wall Street business titans. The Securities and Exchange Commission announced Sunday suspensions in trading of the securities Bitcoin Tracker One CXBTF, -2.38% and Ether Tracker One CETHF. In a statement, the SEC said trading was suspended as of 5:30p. EDT […]

Bitcoin (BTC) Saw 3 Losing Sessions Running as of Friday

Bitcoin (BTC) Saw 3 Losing Sessions Running as of Friday

Bitcoin (BTC) Saw 3 Losing Sessions Running as of Friday $BTCUSD Bitcoin cannot regain losses even after ‘Goldie’ denies calls it’s halting plans to open a crypto trading desk Fake News Digital currency markets saw another losing session, with most major coins in the Red late Friday. Currently, Bitcoin is trading at 6,447.89, +36.11, or +0.5632%, as […]

Bitcoin: USD/BTC (BTC=X) extended its prevailing bearish correction sentiment

Bitcoin: USD/BTC (BTC=X) extended its prevailing bearish correction sentiment

Bitcoin: USD/BTC (BTC=X) extended its prevailing bearish correction sentiment Bitcoin price on Thursday extended its prevailing bearish correction sentiment and dropped as much as 6.5 percent from the yesterday’s low near $6,710. The BTC/USD in the very first hours of today’s session formed lower highs and lower lows towards 6731-fiat and 6303-fiat. It very much […]

Cryptocurrencies Down for a 2nd Day Running

Cryptocurrencies Down for a 2nd Day Running

Cryptocurrencies Down for a 2nd Day Running $BTCUSD, $ETHUSD, $GS Cryptocurrency prices traded sharply lower for a 2nd day running as the fallout from the report that Goldman Sachs has put the brakes on plans to launch a cryptotrading desk persists. The price of 1 Bitcoin, the world’s largest digital currency, fell by more than […]

Bitcoin: USD/BTC (BTC=X) Breaks Rising Wedge Support

Bitcoin: USD/BTC (BTC=X) Breaks Rising Wedge Support

Bitcoin: USD/BTC (BTC=X) Breaks Rising Wedge Support The BTC/USD on Wednesday plunged as much as 7 percent. The pair seemed to have overstayed its welcome near the resistance of our Rising Wedge channel. There was absolutely no buying sentiment visible around the area in the past three days. The early Asian session saw to it […]

Cryptocurrencies Hammered Across the Board

Cryptocurrencies Hammered Across the Board

Cryptocurrencies Hammered Across the Board $BTCUSD, $ETHUSD Bitcoin dropped sharply and suddenly, and then cryptos across the board are got hammered Commentary: The price of cryptocurrencies dove across the board suddenly and sharply Wednesday morning with no clear reason. Having been steady at about $7,350 a coin during most of trading during both Asian and European […]

Bitcoin: USD/BTC (BTC=X) price stayed above the $7,200 support

Bitcoin: USD/BTC (BTC=X) price stayed above the $7,200 support

Bitcoin: USD/BTC (BTC=X) price stayed above the $7,200 support The BTC/USD pair did correct lower and moved towards the $7,200 support. However, sellers failed to push the price further lower towards the $7,130 support area. A swing low was formed at $7,186 later the price traded above the $7,300 level. The price made a few […]

China’s PBoC Intensifies Pressure on Cryptocurrency Activity

China’s PBoC Intensifies Pressure on Cryptocurrency Activity

China’s PBoC Intensifies Pressure on Cryptocurrency Activity $BTCUSD Chinese authorities have intensified pressure on domestic cryptocurrency activity. Beijing supports the development of the underlying blockchain technology, but it is still trying to limit speculation in digital currencies roughly 1 year since banning their sales in ICOs. Bitcoin prices surged last year as investors bet blockchain […]

Bitcoin: USD/BTC (BTC=X) Could Pullback

Bitcoin: USD/BTC (BTC=X) Could Pullback

Bitcoin: USD/BTC (BTC=X) Could Pullback The range we are watching for today has 7379-fiat as our interim resistance and 7153-fiat as our interim support. It is a pretty wide range to apply our intrarange strategy; thus, a pullback from the Rising wedge resistance or interim resistance could open a decent short opportunity towards support, and […]

Bitcoin: USD/BTC (BTC=X) continues to trend upwards

Bitcoin: USD/BTC (BTC=X) continues to trend upwards

Bitcoin: USD/BTC (BTC=X) continues to trend upwards Bitcoin price on Sunday continued to stick to its uptrend path, recording as much as 4 percent gains against the US Dollar. The BTC/USD began the Asian trading session with a small upside push in continuation of the overall bullish momentum. As the day progressed, there was visibly […]

Bitcoin: USD/BTC (BTC=X) short sellers are still in control

Bitcoin: USD/BTC (BTC=X) short sellers are still in control

Bitcoin: USD/BTC (BTC=X) short sellers are still in control Just when investors were settling in for another round of digital asset price recovery, cryptos turn bearish again. The market is swimming in the sea of red on Thursday 30 as cryptocurrencies trim the gains that had accrued since the week began. Bitcoin (BTC) is leading […]

Bitcoin: USD/BTC (BTC=X) is poised for further rises

Bitcoin: USD/BTC (BTC=X) is poised for further rises

Bitcoin: USD/BTC (BTC=X) is poised for further rises The BTC/USD started Wednesday just shy of 7010-fiat and managed to go as north as 7137-fiat by the end of Asian, and the beginning of European session. The lackluster volume didn’t offer many opportunities for the day traders, but it established that price could attempt a solid […]

Bitcoin: USD/BTC (BTC=X) nice upside move and broke the $6,750 and $6,775 resistance levels

Bitcoin: USD/BTC (BTC=X) nice upside move and broke the $6,750 and $6,775 resistance levels

Bitcoin: USD/BTC (BTC=X) nice upside move and broke the $6,750 and $6,775 resistance levels The Bitcoin price (BTC/USD) has moved closer to the key level of $7,000 following a sharp uptick that occurred in late Monday trading. The original cryptocurrency spent most of yesterday’s session trading in the $6,700 -$6,800 area. The situation changed toward […]

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