Bitcoin Cash Price Analysis: BCH/USD Under Pressure Below $180

Key Points Bitcoin cash price failed to trade above $175-180 and declined sharply against the US Dollar. There are two key bearish trend lines formed with resistance near $175 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently trading near the $165 support and it could tumble towards $150 in the near term. Bitcoin cash price struggled to hold gains above $180 against the US Dollar. BCH/USD is under pressure and it looks set to clear the $160 and $150 support levels. Bitcoin…

Litecoin Prices Ready to Bounce Back After 11 Months of Bleeding

After 11 months of lower lows, Litecoin, Monero, Stellar Lumens and Cardano prices are ripe for recovery mostly thanks to last week’s price stability and the general expectation in the market. Regardless, we shall maintain a bearish stance despite incoming streams of supportive fundamentals changing this position once there are gains above key resistance levels. Let’s have a look at these charts: EOS Price Analysis Days after Dan Larimer, the CTO at Block One—the publishers of EOSIO blockchain, announced his plans to explore, EOS has been under pressure. So far,…

Will the US SEC Comment on the Status of Ripple Token?

Latest Ripple News From recent events, the US SEC is definitely alert and “hunting”. Days after news emerge that the regulator had settled with Floyd Mayweather and DJ Khalid for promoting a security token, the regulator tried to issue a preliminary injunction against Blockvest. Read: FBI Arrests AriseBank CEO for $4 Million Crypto-Related Fraud However, their efforts were thwarted by a San Diego Judge, Gonzalo Curiel, who ruled after a series of court hearings and supporting documentations from both the coin issuer—Blockvest and the SEC—who sought to freeze assets and…

Top Coins Are Shaky, But Bitcoin Still Holds $4,000 Mark

Sunday, Dec. 2: the top 20 cryptocurrencies are mostly in the red, according to data from Coin360, after a modest recovery yesterday, Dec. 1. Despite the mild losses, Bitcoin (BTC) is still holding just above the $4,000 mark. Market visualization from Coin360 According to data by CoinMarketCap, Bitcoin is in the red, steadily descending below the $4,100 mark, down almost 4 percent on the day to press time. However, the leading cryptocurrency has been relatively stable throughout the weekend in comparison to Friday, Nov. 30, when it dipped below $4,000…

Satoshi Nakamoto is “Alive”, BTC/USD Prices Steady

Technically, BTC/USD is bearish but with increasing adoption and an optimistic market expecting entry of institutional grade investors thanks to Fidelity Custodial Services, launch of NASDAQ Bitcoin Futures and a likely approval of Bitcoin ETF by the SEC,  digital asset investors are set to gain. However, before traders begin ramping up, prices must first expand above $4,700 and the re-emergence of Satoshi Nakamoto could first track this. After 8 years Satoshi Nakamoto logged into P2P Foundation group! He posted one word in Arabic which means… “light” What does it mean?…

Is Tether Trying to Price Itself out of the Stablecoin Wars?

Bitfinex recently moved toward “Tether neutrality,” breaking its special bond with Tether (wherein it was the most reliable way to redeem USDT for USD) and in turn, Tether, with nearly $2 billion it outstanding units, had to re-establish direct redemption for USDT holders to USD. Those still wanting to use the Bitfinex method will have to trade at normal rates, which are frequently not-quite-pegged to the dollar. Source: CoinMarketCap Well, fine. But here’s the problem: Tether’s fees and limits are sort of outrageous, especially compared to its much more recent…

First Blockchain Smartphones Appear on the Market: Sirin Labs’ Finney Unboxed

After months of expectation and one of the top-five biggest ICOs of 2017, on Nov. 29 Sirin Labs has launched Finney, the ‘world’s first’ blockchain smartphone. Yet, even with the endorsement of football legend Lionel Messi and a $157.8 million token sale behind it, the $999 device has stepped into uncharted territory, where its built-in cold storage wallet and DApp ecosystem will have to contend with the dominance of Apple and Samsung — as well as the Exodus 1, a rival blockchain smartphone from HTC. Features Most of Finney’s key…

TRON, Litecoin, XEM, Bitcoin, Ethereum

Critics are pointing to large energy consumption by the Bitcoin mining industry as a threat to the global climate. However, CoinShares, a digital asset management firm, estimates that about 77.6 percent of Bitcoin mining is done using renewable energy, arguing the harm to the environment is much less than what it is made out to be. After the mayhem in November, crypto markets are showing the first signs of buying at lower levels. The total market capitalization of all cryptocurrencies peaked just above $138 billion today, a 20 percent increase…

G20 Country Leaders Call for International Cryptocurrency Taxation

The G20 countries have called for the taxation of cryptocurrency, as well as its regulation to combat money laundering, Japanese news outlet Jiji.com reports Dec. 2. According to Jiji.com, the final text of a document jointly delivered by G20 leaders calls for “a taxation system for cross-border electronic payment services.” The article then specifies that under current laws, foreign companies that do “not have a factory or other base in Japan” cannot be taxed by the local government. The publication then cites that the G20 leaders seek to “build a…

Bitcoin Price Flirts with Breakout But May Not Yet Have Bottomed

CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The bitcoin price on Sunday surged as high as 7.28 percent against the US dollar ahead of the US session. The BTC/USD rate is trading at 4158-fiat at press time. The pair is almost completing the formation of an inverse head and shoulder pattern. Its neckline appears more like a near-term falling trendline, capping the strong upside movements lately. The latest jump in BTC/USD has affirmed what bulls are…