Ripple (XRP) Price Turns Short Term Bearish, $0.2980 Presents Resistance

Ripple price is showing bearish signs and recently declined below $0.2980 against the US dollar. The price is currently consolidating losses above $0.2850 after it traded as low as $0.2746. There is a short term breakout pattern forming with resistance near $0.2910 on the hourly chart of the XRP/USD pair (data source from Kraken). If there is a downside break, the price could revisit the $0.2800 support level. Ripple price declined sharply in the past three sessions against the US Dollar and bitcoin. XRP price is consolidating losses and it…

uBUCK Signs Strategic Alliance Agreement with Deltec Bank & Trust

LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) and its subsidiary uBUCK Technologies announced some exciting news this week that will offer the digital wallet and payment platform a major edge on its competition. uBUCK announced that it has signed an alliance agreement to form a strategic commercial relationship with Deltec Bank & Trust, a diversified independent financial institution that is based in The Bahamas. Deltec, which provides a range of private banking expertise, corporate and merchant banking capabilities, digital asset financial services, fund administration, investment management, and insurance solutions to its global clients, will…

Bitcoin Price Risks Drop Below $9K if Bulls Can’t Muster Rally Soon

View Bitcoin’s repeated failure to produce a strong bounce from key support indicates the bullish sentiment has fizzled somewhat. Failure to hold above a bearish MA on the longer-term chart indicates scope for a deeper drop. BTC risks falling to $8,800 in the short-term and may extend the decline to $8,500. A high-volume triangle breakout on a 4-hour chart would be bullish, although that looks unlikely at press time. Bitcoin is struggling to revive its stalled rally and could soon roll over to deeper support levels below $9,000. The top…

3 Insights on Crypto Derivatives and Risk From Veteran OTC Traders

For all the talk about liquidity, bitcoin and other crypto-assets are thinly traded. Investors that buy and sell large volumes can’t do so directly, without slippage, or a change in the price between order and execution. They turn to over-the-counter (OTC) desks to manage those trades, whether buying crypto for the first time, or trading to generate alpha (above-market returns). As a result, these desks handle anywhere from 30 percent to 65 percent of total crypto market volume, depending on whose estimate you believe. To get a look inside this…

Asia’s Bakkt? AAX Rolls Out Crypto Trading With London Stock Exchange Tech

AAX, a Hong Kong-based cryptocurrency exchange that uses the London Stock Exchange (LSE)’s matching engine technology, has officially launched. After 19 months of development and testing, the company said on Thursday that the exchange platform has gone live on web and mobile, targeting retail and institutional investors with spot, futures and over-the-counter peer-to-peer trading. The LSE said previously that AAX would be the first crypto exchange to utilize its Millennium Exchange matching engine. Other major equity markets like the London one itself and the Hong Kong Stock Exchange also uses trading…

Bitcoin (BTC) Price Positioning For Breakout or Further Decline?

Bitcoin price is declining and it is trading below the key $9,400 resistance against the US Dollar. The price is likely to find a strong buying interest above the $9,200 support area. There is a key contracting triangle pattern forming with resistance near $9,360 on the hourly chart of the BTC/USD pair (data feed from Kraken). A clear break above the $9,360 and $9,400 levels is needed for more upsides in the near term. Bitcoin price is struggling to continue higher against the US Dollar. BTC price remains at a…

Bitcoin Crypto Market Cap Showing Bearish Signs: BCH, BSV, BNB, ADA Analysis

The total crypto market cap is showing a few bearish signs below the $248.0B resistance area. Bitcoin price is struggling to climb above the $9,400 resistance area. BCH price is currently trading near the main $300 resistance zone. BSV price gained recently and it is now trading above the $130 and $135 levels. Binance Coin (BNB) is consolidating below the key $21.00 and $21.20 resistance levels. Cardano (ADA) price might struggle to clear the $0.0450 and $0.0465 resistances. The crypto market cap and bitcoin are showing a few bearish signs.…