Day: October 28, 2018

Bitcoin (BTC) Price Watch: Sellers Waiting at Area of Interest

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Bitcoin Price Key Highlights Bitcoin price continues to trade inside its descending channel on the 1-hour time frame. Price looks ready for a pullback to the resistance and the Fib retracement tool shows where sellers might be waiting. Technical indicators also seem to be suggesting that the downtrend might resume at some point. Bitcoin is in the middle of a pullback from its selloff and might be due to test the resistance at these Fibonacci levels. Technical Indicators Signals The 100 SMA is safely below the longer-term 200 SMA on…

China’s support of BTC Very bullish

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China is important. It is home to the largest Bitcoin mining companies and their citizens are fast adopters. Therefore, the recent court ruling is bullish and could fast-track Bitcoin loss reversal driving prices back above $7,000 in the process strengthening market confidence. So far, BTC/USD pair is stable and down one percent in the last week as prices trade in tight trade ranges. Latest Bitcoin News As reported earlier, Shenzhen Court of International Arbitration has declared Bitcoin property allowing merchants as well as individuals to own and even transfer Bitcoin…

Altcoin Rally Inevitable in Q4 2018

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Altcoins are flat lining as bulls accumulate in lower time frames. As we can see from the charts, XLM/USD is bullish and that might spill over to today while LTC/USD, ADA/USD and EOS/USD range above important support lines. If anything, this is a waiting game and once we see rapid gains in the direction of Oct 15 bulls, then we shall recommend buying on dips. Let’s have a look at these charts: EOS/USD EOS Price Analysis On average, the EOSIO blockchain attracts 60,000 unique daily users thanks to a 500…

EOS, Ripple, Ethereum Classic, Dash, Monero

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The crypto markets are stuck in a very tight range for the past few weeks. It needs a strong catalyst to shake out of this consolidation. The breakout or breakdown of the range is likely to start a new trend that will remain…

US SEC Mulls Over Bitcoin ETFs, While Bakkt’s BTC Futures Inch Closer To Approval

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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 SEC Releases Memorandum From Meeting Over Bitcoin ETF Proposal The U.S. Securities and Exchange Commission has published a memorandum from a meeting about the Bitcoin exchange-traded-fund (ETF) proposal from VanEck and SolidX that included EC Commissioner Elad L. Roisman and his counsels…

Crypto Markets Keep Seeing Minor Fluctuations, Price Changes Mostly Around One Percent

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Sunday, Oct. 28: crypto markets have seen some minor fluctuations, with most of the top 20 coins by market cap seeing price changes within 1 percent over the past 24 hours, according to CoinMarketCap. The total market capitalization has remained hovering below $210 billion over the day. Market visualization from Coin360 Bitcoin (BTC) is slightly up 1.7 percent and trading at $6,483 at press time, according to CoinMarketCap. Following reports on Bitcoin hitting 18-month lows of volatility, the major cryptocurrency is seeing insignificant price fluctuations over the past 7 days,…

Google Expert Developer Joins Ripple to Lead Crypto-Powered Payments Network RippleNet

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Ripple has recently hired a former senior developer at Google’s new wireless messaging service as vice president of products, Reuters reports Friday, Oct. 26. The U.S. tech company that backs the third top cryptocurrency by market cap, Ripple (XRP), has confirmed to Reuters that Amir Sarhangi is leaving his position at Google to lead Ripple’s global payments network, RippleNet. Sarhangi reportedly joined Google in 2015 when the tech giant acquired Jibe Mobile, a startup that he founded to develop technology for wireless carriers to implement rich communication system (RCS). The…

Bitcoin Doesn’t Move as Market Continues Stability, Volume Rises 20%

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Over the past 24 hours, the cryptocurrency market has demonstrated the same trend it has shown throughout the past 12 days, with Bitcoin at $6,400. The volume of Bitcoin has increased by nearly 20 percent from $3.1 billion to $3.5 billion, hinting a rise in trading activity in the cryptocurrency exchange market across major digital asset trading platforms. The sudden rise in the volume of Bitcoin, which has been stagnant since mid-October, could lead to a potential short-term positive movement on the upside in the days to come. Is Bitcoin…

Using ICOs to Maximize ROI

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Starting at the beginning of this year: the entirety of the cryptocurrency market has taken a significant hit with regards to coin value, affecting investors and prolonging the expected launch date of many public ICO token-sales. Amongst those cryptos worst hit is Ether (ETH). The second-largest by means of market capitalization lost upwards of 85% of its value YTD and trades at $207.73 at the time of writing. A massive drop in comparison to its peak of $1,400 in January 2018. The overwhelming negative volatility that has dominated the market…

if Crypto “Remains” Illegal, Adoption Will be Difficult

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At Bloomberg Ideas, an event that features leading experts in various industries, George Mason University economics professor Tyler Cowen stated that if crypto remains illegal, adoption will be difficult to achieve. “If crypto stays illegal, it will be ghettoized, and that will make it harder for it to spread ultimately.” However, in major markets including the US, Japan, South Korea, Singapore, Switzerland, and the UK, the usage and trading of cryptocurrencies are legal, with sufficient regulatory frameworks in place to protect investors in the global digital asset exchange market. Already…