Ethereum Price (ETH) Primed For More Gains As Bitcoin Breaks Key Hurdle

ETH price found support near the $210 level and recently climbed higher against the US Dollar. The price broke the $215 resistance and it seems like there could be more gains in the near term. There is a connecting bullish trend line forming with support near $214 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently trading with a bullish angle and it could even surpass the $220 resistance. Ethereum price is trading with a positive bias versus the US Dollar, and bitcoin rallied above…

Bitcoin’s Continued Weakness Gives Slumping TRON Room to Bounce

TRON had bad publicity lately, including news of police raiding offices and the chief executive canceling lunch with Buffett. But there’s hope. | Source: Shutterstock; Edited by CCN TRON has been recently in the spotlight for all the wrong reasons. First, we hear news of police raiding TRON’s offices in Beijing on accusations that the TRON Foundation is running a scam. Police raids at #Tron offices in Beijing? Additionally, there’s many angry people gathered there who are saying things like “Tron is a scam”. $trx #trx @justinsuntron pic.twitter.com/qFykQErQu6 — Hayden…

Bitcoin Mining Manufacturer Canaan Files for IPO in US Worth $200 Million

As per a report, Canaan Creative, the major Bitcoin miner manufacturer, is supposed to have confidentially filed for an IPO in the US. As Bitcoin has grown into one of the biggest cryptocurrencies in the world, a range of industries have cropped up that are seeking to provide services that will help create a more robust ecosystem, and most of them are bearing fruit. For instance, new crypto exchanges are cropping up every other day, and it has become an industry in itself. However, not much has yet been talked…

Bitcoin Price Forming Descending Triangle, Market Showing Consumption of Demand

As Bitcoin price struggles to maintain strength above $10,000 but is unable to push below $9,200, the crypto asset’s price chart has formed what appears to be a descending triangle – a bearish continuation pattern, that does have potential to break to the upside. The formation shows many similarities to a descending triangle that formed during the 2018 bear market, that eventually sent Bitcoin plummeting to its bottom around $3,200. One analyst believes that although the market is showing demand for Bitcoin, that demand is being consumed ferociously and once that…

You Should Be ‘Real Nervous’ if BTC Plunges This Far

Hedge fund titan Mike Novogratz suggested that investors should start to get “real nervous” if the bitcoin price falls below this level. | Source: Beyond Blocks/YouTube (i), Shutterstock (ii). Image Edited by CCN. Mike Novogratz maintains that even ordinary investors should invest 2-3 percent of their portfolios into cryptocurrencies. However, he warns that they should get “real nervous” if they observe the bitcoin price slide below a key level. The Galaxy Digital founder and longtime crypto bull told CNBC he doesn’t ever expect to see a sub-$5,000 bitcoin again and…

Crypto Exchange Launches ‘Shitcoin Futures Index,’ Offering New Way to Short Alts

Crypto derivatives platform FTX has perhaps the most speculative and oddly-named futures index fund on the market: SHIT-PERP, or the Shitcoin Index Perpetual Futures. An index of 58 low market cap coins, SHIT-PERP includes projects like Waves, Grin, and Nano. It is flanked two other low-cap indexes on the site, MID-PERP and ALT-PERP. Image via FTX.com Following an incubation program under Alameda Research, the derivatives platform opened this past spring. FTX runs an over-the-counter desk, futures, indexes, and now spot trading. Based out of the Antigua and Barbuda, the platform…

Bitcoin Price Sneaks Past $10,000

Overnight, the bitcoin price recovered beyond $10,000 as the market digested the Federal Reserve’s unexpected rate policy commentary. | Source: Shutterstock Overnight, the bitcoin price recovered beyond $10,000, achieving $10,172 at the day’s highest point against the U.S. dollar. The bitcoin price slightly recovered above $10,000 (source: coinmarketcap.com) Technical analysts have said that bears and sellers in the market may be losing momentum as bitcoin nears its monthly support. “Sell off has been losing momentum. BTC on monthly support. Bears are on a timer. The longer this takes, the worse…

Bitcoin Price on the Rise After First Fed Rate Cut Since 2008

View Bitcoin could rise to $10,500 in the next 24 hours or so, as the 4-hour chart is looking more bullish. A break above $11,120 is needed to revive the short-term bullish outlook, though. Some expert believe the just-announced U.S. Fed interest rate cut could bode well for BTC in the long-run. Bitcoin (BTC) has eked out moderate gains amid the U.S. Federal Reserve’s announcement of its first rate cut in over a decade. The top cryptocurrency by market value is currently trading at $9,950 on Bitstamp, representing a 2…

ING CFO Sees More Pressure on Savings Margin

Aug.01 — Tanate Phutrakul, chief financial officer at ING, discusses second-quarter earnings, when he think ING will start taking on new clients in Italy, M&A, their strategic plan with operations in Turkey, blockchain and digital banking and their plans to fight money laundering. He speaks on “Bloomberg Daybreak: Europe.” UCIALMKvObZNtJ6AmdCLP7Lg Source link

Bitcoin Price (BTC/USD) Correcting Gains, Dips Remain Supported

Bitcoin price climbed higher recently and broke the $10,000 resistance area against the US Dollar. The price retested the $10,200 resistance area and it is currently correcting lower. There was a break below a short term ascending channel with support near $10,020 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently correcting lower, but dips remain supported near the $9,850 and $9,800 levels. Recently, there was a nice upward move in bitcoin price above $10,000 against the US Dollar. BTC price retested the…