Facebook Partners with E-Commerce Companies to Support Crypto Payment

The Wall Street Journal has reported that Facebook is in talks with various e-commerce companies and financial firms to support its crypto payment that is under development. So far Facebook has engaged MasterCard and Visa about the project that is known as Project Libra. Crypto Payment Facebook is expected to commit $1 billion to the development of crypto payment. The company has approached various e-commerce companies to invest in its crypto payment feature and be a partner of the network. Paying via crypto will not be limited only to Facebook…

3 Reasons Bitcoin Will Race Toward a New Record High at $20,000

By CCN: The bitcoin price surged as much as 7.60-percent on Friday to establish a new 2019 peak at $5,796.93. The uptrend pushed bitcoin’s year-to-date rally to an impressive 54.08-percent. At the same time, it brought the asset’s total recovery to an astounding 82-percent and set the cryptocurrency well on its way to a fresh record high. Here are three factors that indicate the bitcoin price has not only found a bottom but is also well on its way to smashing through the $20,000 peak it set in late 2017.…

Tokenized Securities Exchange Currency.com Launches to the Public

Belarus-based tokenized securities exchange Currency.com has announced it is launching to the public today after a spell in beta mode since January. The platform – which claims to be the world’s first such exchange – allows investors to directly trade and invest in tokenized financial instruments, with payment being made directly in bitcoin (BTC) or ethereum (ETH). Currency.com has also launched an app for both iOS and Android allowing users to access the exchange on the go. Other features added for the launch include 50 percent margin close outs and selling…

Wall Street Analyst Screams ‘Buy Bitcoin’ Before It Hits $20,000 Next Year

By CCN.com: Independent research firm Fundstrat Global Advisors had accurately called bitcoin’s crash late last year when the cryptocurrency was trading at $5,500 levels, but it now believes that the bad days are over and the time to buy is here once again. When Sluymer says, you listen Fundstrat technical strategist Robert Sluymer, who had made the negative call in mid-November last year, believes that bitcoin is all set for a rally in the second half of the year as he sees bullish long-term technical trends developing. He tells clients…

Bitcoin-Gold Price Correlation Shows Widest Spread in Over a Year

With gold on the defensive and down roughly 6 percent since mid-February, bitcoin may continue to shine brightly in the near future. After all, experts have found the two assets to be inversely correlated. The 90-day correlation coefficient between bitcoin and gold – a statistical measure of linear interdependence between the two variables – is currently seen at -0.71, the lowest level since March 20. A negative number represents an inverse relationship, i.e. meaning the two variables are moving in opposite directions, which has been the case between bitcoin and…

Bitcoin Price Spikes to Fresh 5-Month Highs Above $5,700

View Bitcoin has printed a 5.5-month high of $5,714 today, reinforcing the bullish view put forward by the cryptocurrency’s recent bounce from the 30-day moving average and April’s bullish close above the 21-month exponential moving average. BTC appears on track to test the psychological resistance of $6,000 soon. A UTC close below the 30-day MA at $5,221 would abort the short-term bullish setup. A failure to secure a weekly close (Sunday, UTC) above the 50-week moving average, currently at $5,418, could invite profit taking, yielding a fall back to $5,000.…

Bitcoin Jumps 4% to New 2019 High Boosted by $20,000 Trigger Indicator

By CCN.com: The bitcoin price has increased from $5,341 to $5,587 on Coinbase, getting close to surpassing a 2019 high at $5,594. In some crypto major markets, the bitcoin price surged past $5,600. The bitcoin price is up around 4 percent in the past 24 hours (source: coinmarketcap.com) According to Peter Brandt, a technical analyst and a best-selling author, a technical indicator called the Factor’s benchmark weekly moving average (MA) has formed a similar structure it showed in 2015. “The last time Factor’s benchmark weekly MA was in the current…

Bitcoin (BTC) Price Target Strong Gains: Trend Accurately Bullish

Bitcoin price is following a steady uptrend and recently broke $5,450 against the US Dollar. The price surged above $5,580 against the USDT and it is currently near $5,500 vs USD on Kraken. Yesterday’s two bullish trend lines are intact with support near $5,410 and $5,380 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to accelerate gains above the $5,500 and $5,550 levels in the coming sessions. Bitcoin price is climbing steadily against the US Dollar, while surging versus USDT. BTC is…

Bitcoin Leading Crypto Market Rally: Bitcoin Cash, XLM, EOS, TRX Price Analysis

The total crypto market cap is gaining momentum above the $175.0B resistance level. Bitcoin price rallied more than 3.5% and climbed above the $5,550 resistance. Bitcoin cash price is currently placed nicely above the $270 support level. EOS price is back above the $4.80 level and it may test the $4.90 resistance. Stellar (XLM) price is likely to gain momentum above the $0.1000 resistance level. Tron (TRX) is still struggling to clear the $0.0242 and $0.0245 resistance levels. The crypto market cap is climbing higher, with sharp gains in bitcoin…

Ripple (XRP) Price Could Bounce Back Towards $0.3100

Ripple price is holding the main $0.2950 support area against the US dollar. The price is likely to recover in the near term and it could trade towards $0.3080 or $0.3100. There is a declining channel in place with resistance near $0.3010 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to climb higher as long as it is above the $0.2950 support area. Ripple price is currently trading in a range against the US Dollar, but lost ground vs bitcoin. XRP might…