Bitcoin failed to extend gains above $9,200 and started a downside correction against the US Dollar. BTC price tested the $8,500 support and it could bounce back. Bitcoin price is down more than 5% from the $9,186 high against the US Dollar. The $8,500 support area could play an important role in the coming sessions.... on NewsBTC.
Ripple extended its rise above the $0.2450 resistance against the US Dollar, similar to bitcoin above $8,800. XRP price topped near the $0.2540 area and recently corrected lower. Ripple price is down more than 6% and broke the $0.2400 support against the US dollar. The price is now trading below $0.2350, but there are many... on NewsBTC.
Over the past month, Bitcoin (BTC) has absolutely exploded higher. In fact, the cryptocurrency is up around 40% since the low of $6,400 put in during December of last year. While many analysts have said that this jaw-dropping rally constitutes a macro reversal that will thrust BTC back into a decisively bullish phase, an analysis... on NewsBTC.
More than ever there is debate among crypto advocates over the future of Bitcoin. Some assert that its future as the flagship blockchain asset is secure, whereas others claim that it will eventually lose its top status to a better designed altcoin. Now that a market recovery appears to be underway, the critics are becoming
Just minutes ago as of the time of writing this article, Bitcoin (BTC) plunged 3% within a few minutes’ time, falling from $8,750 to as low as $8,460 in a short time period. On some exchanges, this marked a new low for the day’s price action, traditionally a bearish sign. Despite this 3% drop, analysts... on NewsBTC.
Overnight Bitcoin (BTC) faced a violent rejection that caused its price to plummet to the lower boundary of an ascending channel it has established over the past several weeks. This rejection has shifted the overall market sentiment and has led many previously euphoric bulls to grow increasingly bearish. It is important to note that the... on NewsBTC.
Earlier Sunday, Bitcoin (BTC) suddenly fell off a cliff after its latest bout of bullish price action. Within a few minutes’ time — yes, literally a few minutes — the leading cryptocurrency slipped by 7%, plunging from $9,150 to $8,600 (as low as $8,450 on some crypto exchanges). Altcoins followed suit, posting equally as harrowing... on NewsBTC.
Overnight, Bitcoin faced a firm rejection after attempting to garner significantly further upwards momentum. This instantly led major altcoins like XRP and Ethereum to drop in tandem, shinning a light on some potential underlying weakness within the crypto markets. It is important to note that while the latest downwards movement by many altcoins may simply... on NewsBTC.
Bitcoin and the aggregated crypto markets have incurred immense volatility over the past several days and weeks, which has come about as Bitcoin’s bulls and bears have engaged in an intense battle that has, over the past 24-hours, favored BTC’s bears. Yesterday evening the crypto rallied to highs of $9,200 before meeting significant resistance that... on NewsBTC.
Peter Schiff, a libertarian proponent of gold and an asset manager, has long been a skeptic of Bitcoin and other digital currencies. In fact, Schiff has been around commenting on the cryptocurrency throughout multiple of its cycles. Related Reading:Research Firm: 3 Use Cases Could Send Bitcoin To $1 Trillion Today, on January 19th, he continued... on NewsBTC.
The Bitcoin network hash rate has reached an all-time high at 126 quintillion hashes per second. By comparison, this time last year, the network was hashing at just 38 quintillion hashes per second. However, of more considerable significance is what this indicates. And that is a trend towards increasing miner confidence. As such, concerns over... on NewsBTC.
CryptoNewsZ –Bitcoin follows a complex mining and rewards procedure for its production, but its principle is deeply rooted in the fundamental law of economics – supply and demand. In order to keep the value intact, Bitcoin has adopted a procedure called Bitcoin Halving.
Deal Street Asia –Banxa, an Australia-based digital banking infrastructure provider, has raised $2 million in a Series A. The round was also joined by Thorney Investment Group Australia, a multi-billion-dollar family office that offers asset management, financial planning, and advisory services.
Crypto Briefing –Retirement savings are starting to move into digital asset investments, with Securitize and AltoIRA making the first known Individual Retirement Account (IRA) investment in security token offerings (STOs).
IrishTechNews –Tokenized funds emerged, as with virtually all things in the space, fairly recently. The first tokenized crypto index fund, CRYPTO20, was released in 2017, acting as an autonomous “token-as-a-fund” that dynamically re-balances a portfolio of the top 20 cryptoassets.
CrowdfundInsider –“With this acquisition, Kraken will focus on being the premier crypto service in Australia with the best AUD liquidity, trading experience, and support for both institutional and retail clients,” Kraken writes.
CrowdfundInsider –According to Bloomberg, Binance was issued a warning in March 2018 by Japan’s Financial Services Agency (FSA) after the agency found that the platform was facilitating cryptocurrency trades by residents of Japan without holding the proper license.
TheBlock –Crypto derivatives exchange Deribit is selling 10% of its common equity to QCP Capital and Three Arrows Capital, which in turn are seeking additional investors to split the 10% equity. The exchange is pitched to investors as of “great value,” especially in comparison to the $8 billion estimated valuation of BitMEX and the $700 million to $1 billion valuations
The bitcoin price dropped by six percent from $9,060 to $8,505 across major crypto exchanges including Binance in just five minutes. It is the steepest drop in terms of time to decline percentage ratio at least in the past two months. What caused the bitcoin price to drop so suddenly? The biggest catalyst for the... on NewsBTC.
CryptoGround –The Canadian Securities Administrators (CSA) recently published a notice which noted that trading platforms that are dealing in cryptocurrencies that fall under the security tag would also have to adhere to the security laws of the country.
CoinDesk –WisdomTree, an asset manager specializing in exchange-traded funds, is vying to become one of the first established U.S. financial firms to offer clients digital assets, including a so-called stablecoin whose value is closely linked to the U.S. dollar.
Coinspeaker –Two Prime’s FF1 Token combines the features of a close-ended fund, asset-backed token, and a secure store of value. The token sale will take place not in the form of a typical ICO but as a Continuous Token Offering (CTO).
Forbes –When it comes to finding an asset manager or investment fund, consumers are no different. They prefer companies that instill trust and, more specifically, are looking for things like liquidity, variety in fund types, innovation and low investment minimums.
TheDailyHodl –Wall Street’s interest in the Bitcoin and cryptocurrency markets is booming, according to the digital asset manager Grayscale.That number surpasses the cumulative investment from the last five years combined. The total investment across Grayscale’s products now stands at $1.17 billion.
BitcoinExchangeGuide –CG Blockchain Inc., BCT In. (SEZC), has been charged with fraud by the US Securities and Exchange Commission (SEC), for funds raised on an ICO at over 30 million dollars by the companies operators, Edith Pardo and Boaz Manor.
LearnBonds –The San Francisco Open Exchange (SFOX) knows that it can be difficult to be a crypto fund manager due to a significant lack of tools to help one do so. Now, according to a blog post from the group, that’s about to change.
The entire crypto market has been on a tear over the past week, gaining dozens of percent. But altcoins like XRP, especially, have done rather well. In fact, the third-largest cryptocurrency over the past week gained over 15%, per data from Coin360. Although this price surge has brought XRP to only $0.24, which means that... on NewsBTC.
Bitcoin is climbing steadily above $8,800 and $9,000 against the US Dollar. BTC price could start a massive rally towards $10K and $11K if there is a daily close above $9,300. Bitcoin price is gaining momentum above the $9,000 resistance area against the US Dollar. A new 2020 high is formed near $9,185 and the... on NewsBTC.
Ethereum gained bullish momentum above the $170 resistance against the US Dollar, and bitcoin jumped above $9K. ETH price is likely to continue higher towards the $195-$200 resistance area. ETH price is showing a lot of positive signs above the $165 and $170 levels against the US Dollar. The price traded to a new 2020... on NewsBTC.
While Bitcoin (BTC) saw a crazy week in and of itself, gaining 10%, Ethereum outpaced the market leader. The second-largest cryptocurrency by market capitalization gained 20% over the past seven days, pushing to $175 for the first time in weeks. While some analysts are skeptical that this rally will last, citing the fact that ETH... on NewsBTC.
Over the past two hours, Bitcoin (BTC) has started to break out of a consolidation pattern that has trapped the price of the cryptocurrency in the high-$8,000s for some two days. In fact, just minutes ago as of the time of writing this article, the leading crypto asset tapped $9,120, surging higher as the weekly... on NewsBTC.