Alt Season? Over 100 Crypto Assets Outperform Bitcoin in Q1 Surge

The first quarter of 2019 was a breath of fresh air for the cryptocurrency market, having recorded its first quarterly increase in overall network valuations since the fourth quarter of 2017. Interestingly, however, bitcoin is among the least significant price gainers so far this year while still flashing a noteworthy Q1 increase of 10 percent. What this means is that a sizable portion of the market’s recent growth came from the many other cryptocurrencies trading on exchanges today.  In fact, data from analytics provider Messari reveals that 118 cryptos increased…

Technical Flags Scream ‘Buy!’ as Market Nears Key Level

Bitcoin continues to grind higher, and on Monday the flagship cryptocurrency hit its highest level in 2019. Many investors are stuck in the past looking at the wild volatility brought on by excessive speculation, and ignoring that right here right now, the Bitcoin price is showing maturity and stability – and could be primed for a major boom. Bloomberg reported that a popular technical indicator is now screaming buy after the last signal it generated prompted a 17% rally. Bitcoin’s GTI VERA Convergence Divergence Indicator is screaming “buy!” | Source:…

Social Media Companies Join the Crypto World

The cult of cryptocurrencies is rising with each passing day. But to understand the reason behind this, it is quintessential to know what exactly is cryptocurrency? Cryptocurrencies are digital currencies set up by groups of individuals and secured using cryptography. It is basically a form of digital ledger. Usually, cryptocurrencies are based on the technology called blockchain. A blockchain, originally block chain, is a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data.…

Coincheck Launches OTC Crypto Trading for Institutions

Japanese cryptocurrency exchange Coincheck has launched an over-the-counter (OTC) cryptocurrency trading service aimed at institutional clients, the firm said Monday. While the service seem primarily to serve bitcoin trades, Coincheck said it will consider trades in other cryptocurrencies. Coincheck said its OTC trading desk will allow customers to buy and sell a minimum of 50 bitcoins ($205,423 at press time) “quickly” at one go and at “attractive prices.” The service is available on weekdays between 10 a.m. (13 UTC) and 3 p.m. (18 UTC) Japan time. In an OTC trading service, two…

Bitcoin Price Posts Biggest Quarterly Gain Since Late 2017

View Bitcoin closed the first quarter of 2019 with 10.91 percent gains – the biggest quarterly gain since the fourth quarter of 2017. While bearish exhaustion is evident, a bullish reversal above $4,236 still remains elusive. A sustained break above that level may not happen in the next few months, as the price seems to be mimicking the bottoming pattern seen in nine months leading up to the October 2015 bull breakout. Bitcoin’s short-term outlook remains bullish as Friday’s close above $4,055 bolstered the bullish setup on the daily chart.…

Bitcoin Cash, Litecoin Futures Volumes Top $150 Million at Kraken Exchange

It’s not just bitcoin futures products that are becoming popular with investors, at least according to one U.K.-based crypto derivatives provider. Crypto Facilities, a subsidiary of the San Francisco-based exchange Kraken that provides bitcoin and ether reference data for CME Group and has offered its own derivatives products for years, has seen trading volume in its altcoin futures markets jump dramatically in recent weeks – in particular, its litecoin and bitcoin cash futures contracts, said head of indices and pricing products Sui Chung. He told CoinDesk that the company had…

Bitcoin Price Could Blitz Beyond $150,000 During Next Bull Cycle in 2023

Despite the 82 percent drop in the valuation of the crypto market in the past year and the inability of bitcoin to recover beyond $4,000 in the past three months, one analyst sees the dominant cryptocurrency surpassing $150,000 by 2023. Josh Rager, a cryptocurrency technical analyst and investor, said that based on the price trend of bitcoin since 2011 and the pattern of bitcoin rebounding from a correction following an all-time high, he sees bitcoin achieving a new peak price in 2,051 days, by 2023. The next Bitcoin cycle should…

Bitcoin (BTC) Price Could Make A Sustained Move Higher

Bitcoin price jumped higher recently and traded to a new weekly high above $4,140 against the US Dollar. The price traded as high as $4,142 and it is currently consolidating gains above key supports. There is a new contracting triangle forming with support near $4,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could decline in the short term, but it remains supported near $4,100 and $4,050. Bitcoin price is trading with a strong uptrend above the $4,040 pivot level against the US Dollar.…