Bitcoin Cash Price Weekly Analysis – BCH/USD’s Upsides Remain Capped

Key Points Bitcoin cash price traded sharply lower and moved below the $2000 support against the US Dollar. There is a major bearish trend line forming with current resistance at $3000 on the 4-hours chart of BCH/USD (data feed from Kraken). The pair might continue to struggle to move above the $3000 level in the near term. Bitcoin cash price is under pressure and is below $3000 against the US Dollar. BCH/USD may continue to face sellers on upside near $3000 and $3200. Bitcoin Cash Price Resistance After a solid…

Bitcoin Price Weekly Analysis – BTC/USD is Under Bearish Pressure

Key Points Bitcoin price made a sharp downside move and traded below the $12,000 support against the US Dollar. There was a break below two important bullish trend lines with support near $17,800 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair is currently recovering, but it is facing a major resistance near the $15,500 level. Bitcoin price declined sharply toward $10,000 against the US Dollar. BTC/USD is currently recovering, but it is facing a lot of selling pressure. Bitcoin Price Resistance After a great upside run…

Ethereum Price Weekly Analysis – ETH/USD’s Recoveries Remain Capped

Key Highlights ETH price recovered after a nasty downside move toward the $475 level against the US Dollar. A major bullish trend line with support at $600 is acting as a key buy zone on the 4-hours chart of ETH/USD (data feed via SimpleFX). The pair might fail to move above $715 in the near term, but also remains supported at $560. Ethereum price is slightly under pressure against the US Dollar and Bitcoin. ETH/USD is currently below $715 and is struggling to gain traction. Ethereum Price Support The past…

What Comes After the Futures? The Next Chapter for Bitcoin

Charles Hayter is a former equities analyst at Citi and the CEO and co-founder at CryptoCompare.com, an informational resource for the world of cryptocurrencies. The following article is an exclusive contribution to CoinDesk’s 2017 in Review series. On the ninth anniversary of Satoshi Nakamoto’s white paper, one of the world’s most respected derivatives providers, the CME Group, announced it would launch a regulated bitcoin futures market. Not to be understated, this was a pivotal moment in bitcoin’s history, and quite simply, the future has never been brighter. It’s safe to say that 2017…

Cryptocurrency Market Recovering After Massive Correction

The cryptocurrency market is getting back on its feet after a brutal day yesterday. The majority of coins have risen by 10-20% over the last 24 hours after more than a 30% fall on Friday, Dec.22. The total digital currency market capitalization went from $650 bln to $430 bln yesterday and has now rebounded to $585 bln. Bitcoin went from the all time high of over $20,000 to as low as $11, 970 in just a matter of days. By press time it has partially retraced its losses and is now…

Ronnie Moas – Not a Billionaire, But a Crypto Guru

Ronnie Moas, founder of Standpoint Research, who has given Cointelegraph some of the most accurate price predictions on Bitcoin this year, in an exclusive interview, spoke about his journey through Wall Street, his charitable endeavors and his new-found love for cryptocurrencies. Renowned stock picker Ronnie Moas is many things, but he certainly IS NOT a billionaire, nor a former hedge fund manager, as was incorrectly reported by this writer earlier this week. In fact, the 50-year-old admits that there is no place he would hate being more than in a…

The Defining Word for Tokens in 2018

Shawn Wilkinson is the co-founder and chief strategy officer at Storj Labs where he oversees strategy, vision and architecture for the Storj network. The following article is an exclusive contribution to CoinDesk’s 2017 in Review. It’s pretty clear that 2017 was the year of the token. Whether you’re reading the news, attending a trade show or just minding your own business working in your preferred coffee shop, you don’t have to venture far to hear someone talking about another token sale. There are now more than 1,000 different digital tokens. Keeping…

Nokia Pilot Uses Blockchain to Improve Health Data Benefits

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. While technology has improved access to health data, the data is often not leveraged to its full potential due to privacy concerns and concerns about data authenticity. Nokia has partnered with OP Financial Group, a Finland-based financial services group, to use blockchain technology to establish more trust in managing health data. The purpose of the pilot project, which involves 100 people, is to provide individuals more control over their personal health data, according to a Nokia blog. Blockchain…

Keeping Up With Crypto Market Now Easier, Auto-Trading Will Soon Be Possible

The cryptocurrency market is hard to keep up with. With thousands of altcoins circulating, it can be difficult to evaluate which ones are worth investing in, and it is even harder to follow their constant fluctuations. If this exponentially growing and ever-changing market can be disturbing even to experienced traders, it is natural for new investors to feel lost in this complex environment. As the market grew into this crypto fever that we are now witnessing, several platforms that monitor the performance of different currencies have been created. It is…

ICO to Build Next Generation AI Raises $36 Million in 60 Seconds

SingularityNET raised $36 mln in one minute, completely selling out of its native AGI tokens. While this is an enormous amount of money to raise in an incredibly short period of time, it’s somewhat unsurprising considering demand. The company asserts that the issue was massively oversubscribed, with 20,000 people registered to participate, seeking to buy $361 mln worth of tokens. The company reduced the number to a more manageable level, according to its press release, by: “[Screening] all applicants using layers of algorithms, in addition to manual review, to comply…