Bitcoin Price Skyrockets to 2nd-Best Quarter in 5 Years; Record High Next?

By CCN: Bitcoin price is on track to having its second-best quarter since 2014 with a 92 percent gain within two months if it remains above $8,000 by the end of June. Since April 1, in about a month and a half, the bitcoin price has increased from $4,100 to $8,000, by nearly two-fold against the U.S. dollar. $BTC current quarter ranks as the 2nd highest quarterly gain since 2014 and the 7th highest quarterly gain all-time pic.twitter.com/bNTohKJREw — Josh Olszewicz (@CarpeNoctom) May 19, 2019 At its lowest point in…

Bitcoin News Summary – May 20, 2019

Here’s what happened this week in Bitcoin in 99 seconds. Crypto markets this week reached their highest level since August of 2018. Markets then corrected downwards, however, sentiment is still bullish, with major news networks covering the resurgence of crypto. Bitcoin, Ethereum, BCH, and Gemini exchange’s US Dollar-based stablecoin can now be used to purchase goods from Starbucks, Whole Foods, Nordstrom and many more retailers. The US-based payments service, Flexa in collaboration with Gemini confirmed that their new crypto app, Spedn, will enable instant crypto payments in participating stores. It…

Bitcoin (BTC) Price Targets Additional Gains: Dips Remain Supported

Bitcoin price started a fresh increase after forming a support base above $6,900 against the US Dollar. The price gained bullish momentum above $7,400 and settled above the key $7,650 pivot level. There is a major bullish trend line forming with support near $7,610 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains well supported on the downside above $7,600 and it could soon break $8,200. Bitcoin price is positioned nicely in the positive zone above $7,600 against the US Dollar. BTC could correct…

Crypto Market Following Strong Uptrend: Bitcoin Cash, XLM, EOS, TRX Analysis

The total crypto market cap recovered sharply after testing the key $210.0B support area. Bitcoin price jumped back above the $7,800 and $8,000 resistance levels. Bitcoin cash price is up more than 5% and it recently broke the key $400 resistance. EOS price is now trading above the $6.00 and $6.15 support levels, with a positive bias. Stellar (XLM) price is currently consolidating gains above the $0.1300 and $0.1320 levels. Tron (TRX) price is slowly moving higher towards the key $0.0300 resistance level. The crypto market cap is gaining momentum,…

Ripple (XRP) Price Near Make-or-Break Levels: Can Bulls Take Over?

Ripple price formed support near the $0.3610 level and recently recovered against the US dollar. The price traded towards $0.4300 and it is currently correcting lower towards $0.3900. There is a short term rising channel forming with support near $0.3950 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to bounce back above $0.4100 or could decline sharply towards the $0.3610 support. Ripple price seems to be following a decent bullish path against the US Dollar, but struggling vs bitcoin. XRP is likely…

Ethereum (ETH) Price Correcting Gains: Key Buy Zones Nearby

ETH price rebounded nicely and traded above the $240 and $250 resistances against the US Dollar. The price tested the $265 level and it is currently correcting lower towards the $240 support. There is a key bullish trend line forming with support near $240 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to find a strong buying interest near $240 and the 100 hourly simple moving average. Ethereum price remains in a strong uptrend above $240 versus the US Dollar, but consolidating vs bitcoin.…

How Microsoft (and Others) Plan to Empower Users to Own and Control Personal Data

Microsoft, one of the world’s largest software makers by revenue, is currently on a blockchain streak. This time, Microsoft presented a vast blockchain-related plan: a decentralized identity (DID) network built atop of the bitcoin network, which can potentially empower users all over the internet to take control over their personal data and content. Earlier in May 2019, the United States tech giant announced its brand new Azure Blockchain Service along with Azure Blockchain Development Kit for the Ethereum blockchain. It also teamed up with Starbucks to present the first use…

Bitcoin Approaches $8,000 Again as Top Cryptos See Strong Gains

Sunday, May 19 — most of the top 20 cryptocurrencies are rebounding to report moderate to notable gains on the day by press time. Bitcoin (BTC) has pushed to just below the $8,000 mark again. The market rebound comes after a sharp correction on May 17 that followed almost a week of massive growth. Market visualization courtesy of Coin360 Bitcoin is about eight percent up on the day, trading at $7,928 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up close to 11%. Bitcoin…

Kik CEO Says Firm Spent $5+ Million on Negotiations With US SEC: Report

Ted Livingston, the CEO of Canadian-based messaging startup Kik, told cryptocurrency news outlet Coindesk that the company spent over $5 million on ongoing negotiations with the United States Securities Exchange Commission (SEC). The news was revealed in a report published on May 16. As Cointelegraph reported at the end of January, the SEC stated that it believes that Kik’s “Token Distribution Event” two years ago violated securities laws when the company raised $97 million during the sale. Following the SEC’s recommendation of an enforcement action in November 2018, Kik was…

MakerDAO Token Holders Vote on Whether to Lower DAI Stability Fee by 2%

A vote about whether to decrease the so-called stability fee for MakerDAO’s ethereum blockchain-based decentralized stablecoin DAI has started. The vote was announced on the organization’s blog on May 17. If approved, the latest proposal would decrease the stability fee by 2% to 17.5% per year. According to the announcement, the need to decrease the fee was discussed during the MakerDAO governance call that took place on May 16. MakerDAO is looking to change the yearly stability fee in an attempt to improve the token’s peg to the U.S. dollar…