Home Tags Trend
Bitcoin Bull Run—used to describe the bullish trend in bitcoin price—began with a 15 percent jump in bitcoin price. The bitcoin surge affected bitcoin price predictions, bitcoin news now and the entire cryptocurrency market. Beyond this, the Bitcoin Bull Run seemed to have further drawn the interest of institutional investors to bitcoin Futures and other investment vehicles as the CME posted record bitcoin futures trading volume that period. In bitcoin news now, the Commodities and Futures Trading Commission (CFTC) has released data showing that the institutional investment has cooled along with steadier bitcoin price in the last few days. Institutional Investment in Bitcoin Futures Reduce According to CFTC Data Commodities and Futures Trading Commission (CFTC), responsible for regulating Bitcoin Futures trading in the United States released data on Bitcoin Futures as of April 9. The document which was updated on April 12, showed that Institutional Investment in bitcoin futures droppe..
With the new bitcoin bull run, cryptocurrency optimists are sticking it up to critics that bitcoin (BTC) has actually seen the lowest point of the crypto winter. As Smartereum reported, a number of cryptocurrency analysts called what they believed to be the bottom of the 2018 cryptocurrency crash only to see BTC descend to new lows. The lowest point BTC reached after the crash was around 3,191 in December just before the Christmas rally. With bitcoin now comfortably above $5,000, some traders are saying that talks of a bitcoin bottom are done and dusted. Crypto Analyst Says Bitcoin Bottomed at $3,100 Jonny Moe, a popular cryptocurrency trader, and technical analyst said that the low witnessed last December is the real bottom of the last crypto crash considering the recent bitcoin uptrend. He wrote: I’m not usually one to try and call out absolutes like “THE BOTTOM IS IN!!!”, but it’s certainly shaping up like that could be a real possibility.” According to a report on cryptocurrenc..
18 out of the 20 top cryptos by market cap are in the red today, while still seeing solid growth over the past 7 days. Thursday, April 4 — following its first major bullish move in 2019, the crypto markets reversed to see red today, with Bitcoin (BTC) having dipped below the $5,000 threshold. Out of the 20 top coins by market cap, only two altcoins are seeing some growth over the day. Ranked 17th and 18th by market cap, NEO (NEO) and Ontology (ONT) are up around 4.4 and 3.8%, respectively. Market visualization from Coin360 The biggest cryptocurrency, Bitcoin, is trading at $4,972, down around 2% over the past 24 hours. Having hit a multi-month high of $5,303 earlier on the day, Bitcoin is struggling to hold the $5,000 support, having dropped below the mark five times to date. The intraday low has amounted to $4,924. With that, Bitcoin is holding significant momentum, up 22% over the past 7 days. Meanwhile, Bitcoin’s dominance on the market has slightly increased, accounting for 51% o..
As the Year of the Earth Pig has come, it is time to look back at what happened during the previous year. Happy Chinese New Year! As the Year of the Yellow Mountain Dog has drawn to a close, it is time to look back at what happened. While there was a promising start in January 2018, when most altcoins were enjoying their all-time highs, the bear eventually took over, and the market delved into the so-called “Crypto Winter.” Nevertheless, there was good news, too: The United States regulators expressed their desire to stick to “positive regulation,” while big league investors poured some funds into a number of promising, compliant crypto projects (mostly stablecoins). Here is what was happening month-by-month, along with the main takeaways. January 2018Japanese crypto exchange Coincheck was hacked, overtaking the infamous 2014 Mt.Gox collapse — an industry-record-breaking $532 million worth of NEM tokens was stolen this time. Despite the amount of damage, Coincheck has managed to stead..
The entire cryptocurrency market has been on a downtrend for a long time now. In fact, the downtrend intensified during the BCH network upgrade. Bitcoin fell as low at $3500 and a lot of people were worried about the fate of the market. At that time, XRP was trading in green when other cryptocurrencies were trading in red. It was up by over 7% against the USD. Unfortunately, its bullish rally was short-lived. There has been a lot of inconsistency in the cryptocurrency market. The price and market capitalization of XRP is still down thanks to the price correction that was ignited a yesterday after the minor recovery attempt. XRP (XRP) Price Analysis On an hourly basis, the price of XRP is in range between $0.40 and $0.35. There is strong resistance at $0.37 and $0.40. The most crucial support is at $0.33. If the price of XRP falls below this level, it may pave a way for more dip in price toward $0.25. The Aroon Indicator is currently indicating a bearish exhaustion of both the down a..
Crypto markets have seen little volatility on the day, failing to hold a sharp rebound momentum, outlier Bitcoin Gold is up 10 percent. Saturday, Nov. 23: crypto markets have seen some volatility on the day, but failed to hold a sharp rebound attempt. The top 20 cryptocurrencies by market cap are seeing their prices stabilize after another sell-off yesterday, according to CoinMarketCap. As of press time, the major 20 crypto markets are seeing a mix of red and green, with most gains fluctuating around 1-2 percent. Market visualization from Coin360 Bitcoin Gold (BTG), ranked 20th by market cap, has seen the biggest growth on the day, spiking almost 10 percent over the past 24 hours. At press time, the altcoin is trading at around $20.70. In early September this year, Bitcoin Gold was delisted from major crypto exchange Bittrex, following a $18 million hack of the BTG network in May. The “double-spending” hacking vulnerability of Bitcoin Gold reportedly allowed hijackers to take control..
Despite the breakeven cost of Bitcoin mining at nearly $8,000, the demand for mining is increasing. Throughout 2018, the cryptocurrency market experienced the fourth worst correction in its nine-year history, as Bitcoin lost more than 69 percent of the value from its all-time high of $19,500. Despite the substantial decline in the price of Bitcoin (BTC), which heavily affects the earnings of miners, the hash power of the Bitcoin network has continuously increased throughout the past 10 months, from 15 million TH/s to over 50 million TH/s from January to October. As portrayed by the research of blockchain analyst Barclay James, the breakeven cost of mining Bitcoin at 35 million TH/s is around $6,900. The formula employed by James considers the hash power of the Bitcoin network, the hashing power of an ASIC Bitcoin miner, and the efficiency of each miner in producing BTC: # units = global hashing power ÷ unit hashing power ÷ unit efficiency Given the cost of Bitcoin mining, when its ha..
The recent price trend of Tether (USDT) has created great concerns among traders over the past few days. The digital currency has seen a notable decline in its value, one which its traders never expected. Tether claims each of its tokens is backed by one US dollar. The recent declines in the value of the coin have resulted in a very hot debate in the digital currency space. Many traders have been asking if Tether (USDT) is actually telling the truth when it says one USDT is backed by one USD. The answer to this question is rather obvious given that the value of the coin recently declined by about 10 percent. Tether (USDT) has been trading within the $1 range. However, since the coin broke out of its historical tight range, more investors are beginning to lose faith in the digital currency. On the 15th of October, the value of the digital currency tested the $0.90 level on Kraken – a trading platform based in San Francisco. This has left digital currency traders in worry considering t..
This last weekend has been a blast for cryptocurrencies with prices moving higher and higher as the bulls slowly take control of the market. Cardano wasn’t left out from this bullish wave. Just like other cryptocurrencies, Cardano (ADA) got a significant boost in price. The demand zones were at $0.0001, $0.0300, $0.0600, and supply zones were at $0.1600, $0.200, $0.1800. The price of ADA is bullish long-term but the when the bears regained momentum short-term, they pushed the price down toward the $0.07821 level. It later went lower into the $0.06220 which happened to be in the demand area. This was were the bears ran out of steam giving the bulls an opportunity to enter the market. This is according to the price analysis by Azeer M on BitcoinExchangeGuide. Cardano (ADA) Price Today – ADA / USD Name Price24H (%)$0.083616 -9.44% A bullish railroad was formed and the price went above the 10 EMA and trading as high as $0.08434. This marked a price break from the higher part of the desce..
EOS price has been ranging on a sideways trend for some days now. The trend is still on today. The demand areas of the range are at $6.5, $5.5, $6.0 while the supply areas of the range are at $4.0, $4.5, and $5.0. During yesterday’s trading session, the price of EOS got all the way to the $5.35 level before it found resistance. This morning, EOS was moving toward the $5.19 level on the downtrend. If the decline continues, the price will be back into the rang bound zone it traded in previously. SEE ALSO: Here’s Why the Predicted $10 Ripple (XRP) Value Is Still Achievable This Year - Thu Sept 20EOS Price Today – EOS / USD Name Price24H (%)$5.30 5.29% If EOS is able to hold above the $5.00 level, however, it will continue to move sideways in range above it. The signal line and the MACD line are above the zero line while the 12 and 26 day EMAs are below the price showing that the bulls are gaining momentum in the market. Even with these bullish signals, the price is still on a sideways t..
12Page 1 of 2