Augur Surges 35%, Low Volume of Bitcoin May Lead to Short-Term Drop

Over the past week, the volume of bitcoin has dropped from $5.5 billion to $3.5 billion, subsequent to a surge in the bitcoin price from $6,800 to $7,500. 36% Drop in Volume In seven days, the volume of bitcoin has dropped by 36 percent, by more than $2 billion. The volume of ether, the native cryptocurrency of Ethereum, and Tether (USDT), the most widely utilized stablecoin in the global crypto market, have also declined by a similar margin. A drop in the volume of bitcoin supplemented by an increase in…

Bitcoin Price Booms, App Launches and Acquisitions: This Week in Crypto

Make sure you check out our previous edition here, now let’s go over what happened in crypto this week. Also, make sure you subscribe for this week’s edition of The CCN Podcast on iTunes or wherever you get your podcasts. Also make sure you check out last weeks interview with Bridge CEO Stephen Hyduchak. Price Watch: Bitcoin increased nearly 18% this week after months of slow decline. The price peaked at just over $7,500 Opinions are mixed on wether or not this trend will continue. BitMEX CEO Authur Hayes said in an interview with CNBC this week that prices would…

Crypto Trading 101: Stochastic Oscillators and Price Momentum

You may have heard of a lagging or leading indicator before. Maybe your friends have tossed around terms like bullish or bearish divergences, oversold or overbought conditions and what signals you should use to enter or exit the market. While there are many tools that can assist with this, one often overlooked indicator is called the stochastic oscillator. Nothing unique to the world of blockchain, the stochastic is a momentum indicator that compares the closing price of the asset with its high-low range over a certain period of time, it’s…

Five Questions to Ask Before Investing in a Blockchain Company

As interest in blockchain continues to gain traction, the importance of investor education is at an all-time high. With hundreds of new projects popping up every week, it may be hard to separate the wheat from the chaff. Not every project can be or will be successful. To further complicate matters, some come with a cryptocurrency token used to raise funds. How do you protect yourself prior to investing? Educate, educate, educate. I always advocate for researching the project’s team, the industry they are trying to disrupt, and reading the…