Ethereum Price Analysis: ETH Back In Familiar Range, Can Buyers Take Control?

ETH price recovered nicely from the $132 support level and traded above $134 against the US Dollar. The price even cleared the $135 and $136 resistance levels, but upsides remain capped. There is a crucial bearish trend line formed with resistance at $138 on the hourly chart of ETH/USD (data feed via Kraken). The pair might face a strong resistance near the $138 level and it could drop back to $135. Ethereum price is slowly recovering higher against the US Dollar and bitcoin. However, there are many hurdles for ETH…

It Will Take Another Year to Know If Ripple’s XRP is a Security or Not

It will take more than a year to understand whether or not Ripple’s XRP is a securities asset, according to Jake Chervinsky. The dispute and investigation lawyer, associated with a global law firm Kober & Kim, tweeted a long thread explaining the next possible course of actions in the ongoing federal lawsuit against Ripple Labs. He said that it took more than nine months for the court to decide whether the case should remain in federal or state court, adding that the court proceedings had just started. “Even though we’ve been…

Ripple (XRP) Align Well with Islamic Principles, Rain to offer Support

Ripple prices drop but bullish Bahrain based Rain will offer six XRP trading pairs to their clients Transaction volumes low averaging 15 million Rain is the first crypto exchange to graduate from SRB’s sandbox and is Sharia compliant. With Ripple presence in Middle East pronounced, XRP prices may respond driving them above 34 cents and later 40 cents in a wave that will cement bulls of late Sep 2018 and those of Jan 30. Ripple Price Analysis Fundamentals At the back of any successful cryptocurrency project is liquidity and Ripple…

Tron (TRX) Firm above 2 Cents, Odyssey v3.5 Upgrade is Consequential

Tron prices steady above 2.1 cents Odyssey v3.5 lays the ground for HNWI says Justin TRX volumes must exceed 15 million and 40 million confirming or nullifying our bullish stance The upgrade to Odyssey v3.5 introduces multi-sig addresses, a feature that is attractive for institutions and other high net worth investors. That is a necessary ingredient for Tron prices to rally from current supports to 3.1 cents and even 4 cents. Tron Price Analysis Fundamentals Amid marauding bears of 2018, Tron transitioned to their blockchain, launched a VM and was…

What Crypto Bear Market? Japanese Banking Giant SBI Will Soon Mine Bitcoin

SBI Holdings, a major financial and banking giant in Japan, has formally announced the launch of SBI Mining Chip Co., Ltd., officially entering the bitcoin mining industry. In recent months, the most dominant forces in the global bitcoin mining industry in the likes of Bitmain, Cannan, and Japanese internet conglomerate GMO have struggled to adjust to market conditions. As the bitcoin bear market extended to a 15-month correction, despite the gradual increase in hash power, the demand for bitcoin mining due to the general decline in profitability of mining noticeably…

Mt Gox Settlement and $593 Million of BTC and BCH, Will Bitcoin Rally?

Bitcoin prices steady after yesterday’s sell-off Mt Gox trustee approved 802,521 BTC as claims Volumes stable but below average Wholesale liquidation of Bitcoin and Bitcoin Cash stash in the hands of Nobuaki could heap pressure on responsible exchanges. Besides, it will also cause unnecessary price fluctuation that may work against victims triggering a sell-off towards Dec 2018 lows. Bitcoin Price Analysis Fundamentals All eyes are on Nobuaki Kobayashi and how he plans to compensate victims of the now defunct Mt Gox following his approval of “802,521 BTC, 792,296 BCH and…

How Bitcoin Higher High Formation Could Push It to $2,000

The next upside push in the bitcoin market could prompt the cryptocurrency a form new bottom below $3,100. Josh Rager, a hugely followed cryptocurrency market analyst, pitted the current bitcoin price action against another one from the year 2015. He found striking similarities between them, mainly related to a higher high and a higher low formation and their relationship with declining volume. Bitcoin Price Performance Comparison | Source: Josh Rager In the 2015 chart, BTC could be seen pursuing a long-downtrend action towards $200-250 range. Following a so-called bottom formation,…

Bear Market Will Stop Crypto Exchanges Faking Volume, Says Researcher

A report by the Blockchain Transparency Institute (BTI) claims that many exchanges are using bots to fake trading volume. Their research shows that wash trading affects over 80% of the top 25 bitcoin pairings. Furthermore, allegations of this being a deliberate business practice present significant concerns for the industry. Which is already struggling to gain mainstream acceptance. Wash Trading Wash trading is where a trader sells and then immediately buys a financial instrument. This practice manipulates legitimate makers and takers into believing a trading pair is more active than it…

Bitcoin (BTC) Price Looks To Reclaim $4,000 After Sharp Sell-off

Bitcoin price traded to a new weekly high above $4,060 and later declined sharply against the US Dollar. The price broke the key $3,960 support level and tested the next main support at $3,875. There is a short-term connecting bearish trend line formed with resistance near $4,015 on the hourly chart of the BTC/USD pair (data feed from Kraken). The recent rebound was positive, but it won’t be easy for buyers to reclaim $4,000 and $4,020. Bitcoin price rebounded sharply after a massive drop below $3,900 against the US Dollar.…

Crypto Market Rebound Facing Hurdles: Bitcoin Cash, EOS, BNB, TRX Price Analysis

The total crypto market cap failed near the $136.0B resistance and declined sharply. EOS price broke the $3.70 support and tested the $3.62 support area. Binance Coin (BNB) is down more than 4% and settled below the $15.00 support level. Bitcoin cash price is correcting lower and it may test the $150 support zone. Tron (TRX) price is stable and still holding the key $0.0220 support level. The crypto market could turned red and facing a lot of hurdles, with bearish moves in bitcoin (BTC) and Ethereum (ETH). Binance coin…