Day: August 12, 2018

Bitcoin (BTC) Technical Analysis

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Regardless of the overall bearish sentiment and the SEC weighing in heavily against Bitcoin, bulls seem to be stable and recovering. It’s up five percent and reducing their weekly losses to eight percent as buyers reject prices below $6,000-the upper limit of our support zone. Considering the past two trends, we still hold a bearish position and until we see thrusts above $6,800 and $7,000 to the upside, we recommend shorts on high more so once there is a convincing break below $5,800. From the News Bitmain, the world’s largest…

Bears for Crypto, Bulls for ICOs: 2018 Market Positive Statistics

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Disclaimer: This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by ICObazaar. With the first half of 2018 now past, it is poignant to look back at the last seven months of data on the Initial Coin Offering (ICO) market — an important facet of the cryptocurrency ecosystem. Some predicted that the explosion of ICOs last year — with many failures and even more scams — would lead…

Blockchain Startup Havven Brings EOS its First Stablecoin

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Havven, a decentralized payment network and stablecoin, has decided to launch on the EOS blockchain and will airdrop half of its new HAV tokens on the EOS blockchain to existing HAV holders on Ethereum. Havven wants to ensure that the payment network’s success does not depend on one blockchain. The Havven/EOSIO partnership was announced at the EOS Hackathon in Sydney, Australia as part of Havven’s plan to be blockchain agnostic and operate on several blockchains. Stablecoins such as Havven’s nUSD are designed to prevent price volatility and are used for enabling…

Bitcoin Price Intraday Analysis: BTCUSD Undergoes Bullish Correction

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The bitcoin price in the past 24 hours has undergone a much-needed bullish correction, rising about $500 since establishing an intraday low around $6,009. In our previous BTC/USD analysis, we were waiting for a bounce back from 6009-fiat to apply our intrarange strategy. As it did, our long position towards 6192-fiat made us a nominal profit. A near-term breakout followed later, upon which we placed another long position towards 6290-fiat and made another nominal return. Unfortunately, due to human constraints, we were unable to watch the rally towards 6494-fiat. Today,…

Cryptos See Widespread Green, But Total Market Cap Remains Close to 3-Month Low

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August 12: Crypto markets are seeing solid gains today in a fresh attempt at recovery following recent losses. Bitcoin (BTC) dominance –– or the percentage of total crypto market cap that is Bitcoin’s –– is continuing to see a 2018 record-high percentage, at close to 50.9 percent. After the leading coin decoupled from the wider market yesterday –– holding its gains while other cryptos floundered –– healthy growth has today been distributed across virtually all of the major cryptocurrencies, as Coin360 data shows. Market visualization from Coin360 Bitcoin (BTC) is…

$43 Billion Wiped Out of Crypto in 5 Days as Bitcoin Price Rebounds

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Over the past 24 hours, Bitcoin, Ethereum, and Bitcoin Cash recovered by around four percent, as the crypto market added $8 billion to its valuation. On August 11, the crypto market lost more than $12 billion of its valuation as major cryptocurrencies recorded large losses. Since then, the market has slightly recovered but the momentum of major digital assets still remains weak. Drastic Turn of Momentum in Five Days On August 7, the value of the global cryptocurrency market hovered at around $257 billion, supported by stability in the price…

You Can’t Actually Buy A Frappucino With Bitcoin, But You Can Ship More Things On Blockchain

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Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week US Security And Exchange Commission Postpones Bitcoin ETF Until Fall The U.S. Securities and Exchange Commission has delayed its decision on the listing and trading of a Bitcoin exchange traded fund (ETF) until September 30. The SEC is in the process of considering…

Bitcoin Price Weekly Analysis: BTC/USD Could Correct Above $6,400

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Key Points Bitcoin price is slowly recovering slowly and steadily above the $6,100 level against the US Dollar. There was a break above a key bearish trend line with resistance at $6,220 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $6,100 level to stay in the positive zone and recover higher. Bitcoin price declined heavily below $6,500 against the US Dollar. BTC/USD found support near $6,000 and is currently attempting an upside correction. Bitcoin Price Resistance This past week, there…

Ethereum Price Weekly Analysis: ETH/USD Recovery Remains Capped

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Key Highlights ETH price declined heavily and it almost tested the $300 support area against the US Dollar. There is a connecting bearish trend line formed with resistance at $330 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair has to move past $330 and $340 resistances to recover further in the near term. Ethereum price tumbled and declined heavily versus the US Dollar and Bitcoin. ETH/USD remains in a bearish zone as long as it is below $400. Ethereum Price Decline This past week, there were…