Day: July 28, 2019

Ethereum Price (ETH) Spiking Higher But Remains In Downtrend

TradingBTC

ETH price declined steadily and recently revisited the $200 support level against the US Dollar. The price traded as low as $197 and spiked sharply above the $200 and $205 levels. There was a break above a short term ascending channel with resistance near $210 on the hourly chart of ETH/USD (data feed via Kraken). The pair might continue to recover, but it remains in a downtrend as long as below $225. Ethereum price is currently correcting higher versus the US Dollar and bitcoin. ETH price might climb towards the…

Top-5 Crypto Performers: EOS, LEO, ETC, ADA, XMR

TradingBTC

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. 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. There is a sea of red as most of the top 20 currencies are showing negative returns for the week. This shows that the market is in a bear grip. The total market capitalization has dipped from over $385 billion on June 27…

3 Reasons Analysts Are Bullish on Bitcoin Despite 33% Price Correction

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As Bitcoin dropped an additional 8% on Saturday, naysayers claim the rally to a new all-time high is over. So what is it that’s keeping market analysts bullish in the face of a 33 percent correction?  Bitcoin price bears draw a line at $10,000 Bitcoin’s most recent price action has been less than satisfactory, unless you’re a bear. To date, the top digital asset is down 32% from it’s 2019 high of $13,739 and short term price action remains overwhelmingly bearish.  Over the past two weeks Bitcoin formed an M-top…

Is Bitcoin a Store of Value? Experts on BTC as Digital Gold

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It’s hard to tell who was the first to coin — pun intended — Bitcoin (BTC) as “digital gold,” underlining the idea that Bitcoin is a good store of value. The phrase possibly came into more widespread use after The New York Times journalist Nathaniel Popper’s book, “Digital Gold,” was published in 2015. Google searches for the term “Bitcoin digital gold” peaked in December 2017, when the leading cryptocurrency’s price hit record highs around $20,000 per coin.  For thousands of years of human history, people have used precious metals —…

Amid Bitcoin Price Drop, Crypto Analyst Foresees Sustained Rally

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The bitcoin price cratered this weekend, but the bull market is just getting started. That’s the assessment of crypto blogger Willy Woo, who says the downturn is merely a transitional phase before things start heating up again. ‘Long, sustainable bull drive’ to 2020 Woo, a partner at cryptocurrency hedge fund Adaptive Capital, says the latest market drop is laying the foundation for a sustained rally. “Fomo complete, stage set,” he tweeted. “Stage 1 of the bull market is completing. Once we bottom, stage 2 begins, promising the long sustainable bull…

Libra Doubts, Bitcoin Slumps, McAfee Behind Bars

TradingBTC

Coming every Sunday, Hodler’s Digest will help you 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 Facebook to work ‘however long it takes’ to win over regulators on Libra Mark Zuckerberg turned on the charm offensive this week in an attempt to reassure governments and central banks that his social network is taking their concerns about Libra to heart. On a conference call,…

WATCH: The Facebook Libra Hearings: Everything You Missed in 5 Minutes

TradingBTC

  “It’s not a surprise to me that inevitably corporations are going after creating their own tokens but for Facebook to be one of the first big ones is is pretty much a surprise,” said Lukka CEO Jake Benson told us when news of Libra began to spread. The world shared his surprise when Facebook unveiled its wild cryptocurrency dreams last month. But that surprise quickly turned into concern and condemnation as politicians started thinking about what it meant for a company to run its own mint. Facebook’s reaction to the hearings…

Ripple (XRP) Down 7%, Bulls Fail to Break Above a Key Moving Average

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Ripple (XRP) is down 7.4 percent from last week’s close Kenny Li, the CEO of Worthyt, said people are willing to trade the security of decentralization for speed and convenience Ripple Price Analysis Fundamentals Blockchain is altering the way payments are done. Introducing speed, efficiency, and slashing costs, countless applications can be built on top of this distributed ledger. Ripple is one of the many companies that is taking on traditional behemoths by leveraging on the transparency of blockchain. Together with Facebook’s Libra, they are challenging the status quo, forcing…

Ripple (XRP) Down 7%, Bulls Fail to Break Above Key Moving Average

TradingBTC

Ripple (XRP) is down 7.4 percent from last week’s close Kenny Li, the CEO of Worthyt, said people are willing to trade the security of decentralization for speed and convenience Ripple Price Analysis Fundamentals Blockchain is altering the way payments are done. Introducing speed, efficiency, and slashing costs, countless applications can be built on top of this distributed ledger. Ripple is one of the many companies that is taking on traditional behemoths by leveraging on the transparency of blockchain. Together with Facebook’s Libra, they are challenging the status quo, forcing…