Day: August 19, 2018

Bitcoin Technical Analysis

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Bitcoin ETFs is not yet a yes from the main US regulator, the SEC. However, as things stand, there is Bitcoin Tracker One and though it is tradable via broker’s OTC market, investors can now invest their USDs in Bitcoin. Nevertheless, technical are not that positive and still oscillating inside a descending triangle with triggers at $6,800 on the upside and $5,800—the base of our triangle to the downside. Since prices are in between, we consider taking a neutral approach. From the News Bitcoin Exchange Traded Funds or ETFs are…

Litecoin, Stellar Lumens, Tron, IOTA, EOS Technical Analysis

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Apart from IOTA which on paper seems to be outperforming peers adding 15 percent in the last days, other coins as Tron, Litecoin and Stellar Lumens are up roughly two percent on average. Of all coins though, Stellar Lumens (XLM) is the most stable as they consolidate horizontally along our previous buy trigger line at 22 cents. On the other hand, Litecoin, EOS and Tron prices are still oscillating inside Aug 17 high lows but are likely to follow through and retest immediate resistance lines at $70, $7 and 2.5…

Will the First Bitcoin ETF Make the Crypto Market Even More Volatile?

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The first Bitcoin exchange-traded fund (ETF) is expected to be approved by February of 2019. But, some experts have stated that ETFs may increase the volatility of the market. How the ETF Will Impact the Market Over the past few months, analysts have been divided on the effect of the ruling of the US Securities and Exchange Commission (SEC) regarding Bitcoin ETFs on the crypto market. Brian Kelly, a contributor to CNBC’s Fast Money and the CEO at BKCM, previously explained that the rise in the price of Bitcoin from…

Valuation of Crypto Market Slightly Declines But Bitcoin Shows Stability

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In the past 24 hours, the valuation of the crypto market has dropped slightly by $2 billion, from $215 billion to $213 billion, as the Bitcoin price and Ethereum price demonstrated stability. Most major cryptocurrencies including Bitcoin Cash, Ripple, EOS, and Ethereum recorded decent gains in the range of 1 to 5 percent. Top 10 best performing cryptocurrencies, chart provided by CoinMarketCap Tokens including VeChain, Ontology, and DigixDAO, which fell by more than 20 percent against both Bitcoin and the US dollar on August 18, recovered relatively quickly, recording 15…

Joseph Lubin Embraces Crypto Bubbles, While Playboy Gets Impatient for 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 Ethereum Co-Founder Joseph Lubin Doesn’t Believe Market Collapse Prevents Growth Joseph Lubin, the co-founder of Ethereum and ConsenSys, said in an interview this week that he doesn’t believe that crypto market slumps prevent further growth. He added that each bubble brings in a…

Despite Market Gains on the Day, Bitcoin Remains Below $6,500, Ethereum Loses $300 Support

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August 19: The crypto market picture shows signs of recovery following last week’s major market crash, but momentum has not yet rallied sufficiently to indicate a categorical reversal of the bear market. August 17 saw the first major attempt to reverse fortunes, but these gains have not been widely consolidated. At press time, Bitcoin (BTC) is trading below the $6,500 price point and Ethereum (ETH) has dipped below $300. Most major of crypto assets are seeing modest to solid gains of 1 to 5 percent on the day, as Coin360…

Chinese Retail Giant JD.com Launches Open Blockchain Platform

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JD.com, China’s largest retailer and e-commerce provider, has deployed an open blockchain platform to enable customers to have their own blockchain solutions to improve the transparency, efficiency and security of their operations, the company announced on its corporate blog. The JD Blockchain Open Platform expands the company’s Retail as a Service and will allow customers to build smart contracts on both private and public enterprise clouds. The platform will allow companies to streamline tracking of product movement, property assessments, digital copyrights and authenticity certifications. The company oversees quality control of its…

Bitcoin Price Weekly Analysis: BTC/USD Failed Again Near $6,600, Now What?

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Key Points Bitcoin price rebounded and moved above the $6,400 level, but it failed near $6,600 against the US Dollar. There was a break below a major bullish trend line with support at $6,460 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair remains in a broad range between $6,000 and $6,600, and it may continue to trade sideways. Bitcoin price failed once again near the $6,600-6,620 resistance against the US Dollar. BTC/USD is correcting lower and it could test the $6,275 and $6,188 supports.…

Ethereum Price Weekly Analysis: ETH/USD’s Upsides Capped Near $320

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Key Highlights ETH price corrected higher recently and traded above $310 and $315 against the US Dollar. There is a key connecting bearish trend line in place with current resistance at $311 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair has to break the $311 and the $320 resistance levels for more upsides in the near term. Ethereum price failed to remain in a positive zone versus the US Dollar and Bitcoin. ETH/USD settled below $300 and is facing resistances near $311 and $320. Ethereum Price…

Bitcoin Cash Price Weekly Analysis: BCH/USD Holding Key Support at $540

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Key Points Bitcoin cash price recovered and moved above the $520 and $540 resistance levels against the US Dollar. There is a major contracting triangle forming with support near $545 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair has to stay above the $545 and $540 support levels to remain in an uptrend in the near term. Bitcoin cash price failed to settle above $600 and declined against the US Dollar. BCH/USD is currently testing an important support area near $540. Bitcoin Cash Price…