Warren Buffett has Enough Spare Cash to Buy Two-Thirds of All Existing Bitcoin – CCN.com

Warren Buffett isn’t much of a bitcoin fan. He’s called it rat poison squared, a gambling device, delusional, and a seashell with no inherent value. But, if he wanted to, he could become the biggest bitcoin whale of them all. Buffett could buy two-thirds of the existing BTC supply… in cash. Warren Buffett’s investment firm Berkshire Hathaway reported a record $122 billion cash pile in a recent filing. That’s about two-thirds of bitcoin’s current market capitalization of $177.6 billion. Sidenote: obviously, this isn’t actually possible. Only a small portion of…

Bitcoin Price (BTC) Breaks Down, Turns Sell On Rallies

Bitcoin price failed to climb higher and declined sharply below $10,000 against the US Dollar. The price is now trading well below the $10,000 level and it could struggle to recover in the near term. There was a break below a contracting triangle with support at $10,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is under pressure and it is likely to decline further towards the $9,500 support. Bitcoin price is back in a negative zone below $10,000 against the US Dollar. BTC…

Crypto Market Cap & Bitcoin Drop Sharply: BCH, Litecoin, ADA, TRX Analysis

The total crypto market cap started a strong decline below the $255.0B support. Bitcoin price is down around 4% and it recently broke the $10,000 support area. Litecoin (LTC) price is correcting gains and is trading below the $75.00 support area. BCH price failed to surpass the $325 resistance and is correcting lower towards $305. Tron (TRX) price is correcting gains and is approaching the $0.0165 support level. Cardano (ADA) price is testing the $0.0500 level, with a minor bearish angle. Bitcoin (BTC) and the crypto market cap are declining…

Ripple Price (XRP) Retreating From $0.32 But Approaching Supports

Ripple price extended gains and traded towards the $0.3250 resistance area against the US dollar. The price is currently correcting sharply and is trading below the $0.3000 support area. There was a break below a key bullish trend line with support at $0.3050 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is likely to find a strong support near the $0.2840 and $0.2800 levels in the near term. Ripple price is correcting gains from the recent high against the US Dollar and bitcoin. XRP…

Ethereum (ETH) Price Correcting Gains, Should U Buy Dips?

ETH price extended gains above the $215 resistance area against the US Dollar. The price is currently correcting lower and is trading below the $212 support area. There was a break below yesterday’s highlighted bullish trend line with support near $211 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to correct further lower towards the $200 support area in the near term. Ethereum price is currently correcting gains versus the US Dollar and bitcoin. ETH price might soon test the $200 support area before…

Brutal Wyckoff Distribution Expected As Bitcoin Cools Offs

Throughout much of the bear market, one of the themes that kept crypto investor’s hope alive in crypto investors was the thought that Bitcoin was being accumulated, according to Wyckoff theory, at low prices by major players and institutions. After that, eventually, the markup phase would occur and the first-ever crypto-asset would be back in a bull market in no time. Now that Bitcoin price has indeed been marked up, by as much as 340% at its peak and is consolidating before its next move, the market appears undecided if…

The US Quietly Printed $75 Billion out of Thin Air (For the Banks). This Is Why Bitcoin Matters – CCN.com

The Federal Reserve Bank of New York very quietly handed out $75 billion in cash to the banks on Wednesday in a process known as a ‘repurchase operation,’ or repo.  This emergency measure hasn’t been used at scale for a decade, since the last financial crisis. It’s a reminder of the central banks’ power to artificially expand the money supply and devalue your money. This is why bitcoin, with its capped supply and strict, predictable output, matters. What is the repo operation? In simple terms, the central bank prints $75…

Bitcoin Price (BTC) Trading Near Make-or-Break Levels

Bitcoin price is trading in a range below the $10,300 and $10,400 resistances against the US Dollar. The price is struggling to gain momentum above $10,300 and the 100 hourly SMA. There is a key breakout pattern forming with support near $10,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could either rally above $10,400 or it might extend its decline towards the $9,900 support. Bitcoin price is trading below key resistances and hurdles against the US Dollar. BTC is likely to make the…

Altcoins Dragging Crypto Market Cap Higher: BCH, BNB, EOS, TRX Analysis

The total crypto market cap is slowly climbing higher and it recently broke the $260.0B resistance. Bitcoin price is currently trading in a range near the $10,200 level. EOS price is trading near $4.100 and it could start another upward move. Binance Coin (BNB) is up more than 6% and it recently surpassed the $21.50 resistance. BCH price gained more than 5% and it recently broke the $320 resistance area. Tron (TRX) price rallied 10% and broke the main $0.0165 resistance level. The crypto market cap gained after a strong…

Ripple Price (XRP) Rallies Significantly To Start Massive Uptrend

Ripple price surged more than 15% after it broke the key $0.2650 resistance against the US dollar. The price is trading well above the $0.3000 level and it could continue to rise. There was a break above a bullish continuation pattern with resistance near $0.2930 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is showing a lot of bullish signs, with many supports near the $0.3000 and $0.2950 levels. Ripple price rallied above $0.3000 to start an uptrend against the US Dollar and bitcoin.…