Ethereum Price Analysis: ETH Starts Downside Correction Below $150

Key Highlights ·         ETH price failed to stay above the $155 support and declined recently against the US Dollar. ·         Yesterday’s highlighted key bullish trend line was breached with support at $150 on the hourly chart of ETH/USD (data feed via Kraken). ·         The pair may continue to correct lower towards the $144 or $139 support level. Ethereum price is slowly moving in the bearish zone against the US Dollar and bitcoin. ETH/USD may accelerate the current correction towards $144 or $139. Ethereum Price Analysis Recently, ETH price failed to…

European Central Bank Policy Maker Calls Crypto ‘a Fairy-Tale Story’

A member of the Governing Council of the European Central Bank (ECB) has warned that “the [cryptocurrency] bubble has already started to collapse,” Bloomberg reported Jan. 7. Speaking at a conference in Riga, Latvia, Ardo Hansson — also the governor of Estonia’s central bank — stated that digital currencies will end up as a “complete load of nonsense.” The official warned that “the bubble has already started to collapse and maybe we should just see how far this collapse goes, and what is left when we’ve reached a new kind…

Ether Markets Are Mimicking Bitcoin’s 2015 Price Bottom

Past performance is no guarantee of future results, but when history repeats it can be difficult to ignore the potential implications. Such is the case with price chart of ether, the ethereum network’s native cryptocurrency. Since Sept. 2018, the price chart of the world’s second largest cryptocurrency has mimicked the market structure of bitcoin’s bear market bottom in 2015.  In the world of technical analysis and trading, similar and repeating market structures are known as fractals, similar to the recurring patterns found in art, nature and mathematics. The two emotions…

Winklevoss Twins Confirm Commitment to Bitcoin ETF During Reddit AMA

Cameron Winklevoss stated that “Bitcoin [BTC] is most likely the winner in the long term” during an Ask Me Anything (AMA) session on Reddit today, Jan. 7. Answering a question about whether or not Bitcoin will keep its number one position among cryptocurrencies, Cameron expressed his optimistic view of the coin, saying that “Bitcoin is certainly the OG crypto! It’s hard to defeat network effects — so in terms of ‘hard money’ (i.e., store of value) Bitcoin is most likely the winner in the long term.” The Winklevoss brothers also said…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Stellar, Bitcoin SV, TRON, Cardano: Price Analysis, Jan. 7

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. Will 2019 be a year of recovery for cryptocurrencies? One of the important events to watch out for is the launch of International Exchange’s (ICE) crypto trading platform Bakkt. While the Chicago Board Options Exchange (CBOE) and the Chicago Mercantile Exchange (CME) currently…

Overstock’s tZERO Receives Patent for ‘Crypto Integration Platform’

E-commerce giant Overstock.com’s cryptocurrency subsidiary tZERO has filed a patent for a “crypto integration platform” for trading digital assets. The patent was published by the United States Patent and Trademark Office on Jan. 1. The patent filing describes a system that would be able to receive orders to trade “digital transactional items” — such as securities, tokens, digital shares, cash equivalents and digital assets — from broker-dealers and then translate the orders into crypto orders on a digital exchange. The platform reportedly aggregates various market data from cryptocurrency exchanges and…

Bitcoin Price Between Holding Gains and Losing Gains as Breakout Waits

The bitcoin price held onto its gains this Monday as the trading session across the Asian and European markets expressed its calm. The bitcoin-to-dollar pair is trading at $4,009, down 1.93 percent from Monday’s high. The correction appears natural to an overperforming asset, and its significance should be weighed in when it extends as far as 10 percent from the recent peak. As bitcoin heads into an interim sideways trend, the asset has attempted to pierce below $4,000 on five separate occasions today. It seems that there is a decent…

Dave Rubin Turns to Bitcoin for Crowdfunding After Alleged Patreon Censorship

American libertarian political commentator Dave Rubin has announced he is turning to Bitcoin (BTC) in lieu of the crowdfunding platform Patreon, in protest against the latter’s alleged censorship practices. Rubin made his announcement on Twitter Jan. 6. In an interview with the Washington Examiner last week, Rubin explained his decision to leave Patreon — which reportedly accounts for “between 60-70 percent” of his funding — as taking “a stand against the ever-moving encroachment on free speech, on free expression” on mainstream platforms. Rubin, who has a background in stand-up comedy,…

Hashpower Consolidation on Network Is ‘Not 51% Attack’

Ethereum Classic (ETC) developers have stated that a mining pool evidently claiming over 50 percent of the network’s hashrate was “most likely selfish mining” in a tweet today, Jan. 7. ETC devs also explicitly stated in the same tweet that the previously noted hashrate consolidation is not a 51 percent attack, and that double spends were not detected. The tweet revealed a potential cause for “the recent mining events,” attributing the increased hashrate to the testing of new 1,400/Mh ethash machines by application-specific integrated circuit (ASIC) manufacturer Linzhi. Also today,…

Monero “Mistake”—Now You Can’t Pay for Fortnite Merch with Monero

If you were excited about Friday’s news about Monero (XMR) being accepted on the Retail Row store, well, sorry to break the bad news, but according to CEO of Epic Games, Tim Sweeney, it was all a “mistake.” Oops, but also… how? Monero Mistake Over the weekend, the CEO of Epic Games—the creators of 2018’s biggest game, Fortnite—admitted that adding Monero as a payment method on the games online store was a “mistake.” And not a ‘Now that I have reflected on my actions I believe I chose the wrong course of action’ mistake,…