Nasdaq’s Bitcoin and Ethereum Indices Solve a Major Problem for Cryptocurrency Sector

Nasdaq may have just removed one of the most significant barriers before a potential cryptocurrency adoption. The US stock market exchange on Monday announced two cryptocurrency indexes which provide real-time spot or reference rate for Bitcoin and Ethereum. Dubbed as the Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX), both the indexes extract price data from multiple exchanges to provide onlookers single price point for BTC and ETH. Nasdaq assured that independent auditors had verified their methodology of obtaining and unifying price data to present the best USD-equivalent value…

Bitcoin Price Watch: BTC Set For Further Gains, Downsides Limited

Bitcoin price stayed above the key $3,560 support area, with range moves against the US Dollar. This’s week’s followed bearish trend line is intact with resistance at $3,590 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could gain bullish momentum if there is a proper close above $3,590 and $3,600. Bitcoin price is trading nicely in a bullish zone above $3,560 against the US Dollar. BTC is likely to accelerate gains above $3,600 as long as the price stays above the $3,540 support. Bitcoin…

Ripple Price Analysis: Upsides In XRP Remain Attractive To Sellers

Ripple price climbed higher, but it failed near the $0.3100 resistance area against the US dollar. There is a new connecting bullish trend line formed with support at $0.3000 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could break the $0.3000 support and accelerate losses towards $0.2910 in the near term. Ripple price remained below key resistances against the US Dollar and Bitcoin. XRP/USD may correct higher, but upsides are likely to face a strong selling interest near $0.3100. Ripple Price Analysis In the…

Ethereum Price Analysis: ETH Primed For Further Gains Above $125

ETH price remained nicely supported on the downside above $120 and $118 against the US Dollar. Yesterday’s highlighted key bullish trend line is intact with support at $120 on the hourly chart of ETH/USD (data feed via Kraken). The pair is following a bullish structure and it could continue to move higher above $125 in the near term. Ethereum price is slowly gaining bullish momentum against the US Dollar and bitcoin. ETH/USD is likely to break the recent high and trade above the $128 and $130 resistance levels. Ethereum Price…

Fees Are “Ungodly”, Buy XRP at Binance Using Your Credit Card

Ripple Prices under pressure but bullish Buy XRP using your credit card at Binance Transactional volumes are below average Good news is Binance is opening up new demand corridors after finally allowing users to buy XRP and other cryptos using their credit card. Undoubtedly, this will help fuel demand and prop XRP prices that risk dropping below 30 cents. Ripple Price Analysis Fundamentals The maverick founder of Binance, Changpeng Zhao has confirmed that indeed one can purchase XRP using their credit cards. If you remember well, buying digital assets via…

Tron (TRX) Ready For the $5.6 Billion South Korea’s Gaming Industry

Tron prices slide 8.5 percent in the last week Roy Liu, the business development manager, signs a deal with two of South Korea’s gaming associations Transaction volumes low, recovery depends on bull trend resumption The Tron Foundation may be hard at work, but market dynamics are exerting pressure on TRX. It is down 8.5 percent in the last week despite Roy Liu signing an MoU with two of South Korea’s leading gaming associations. Tron Price Analysis Fundamentals Without a shadow of a doubt, Tron Foundation is ambitious. Evidence of their…

Bitcoin (BTC) Could “Die” If Block Size Is Reduced From 1MB To 300KB

Bitcoin prices bullish and ranging Proposal to slash block size to 300kb resuscitated Transactional volumes low but likely to expand as BTC demand pick up Luke J is putting forth a bid to reduce block size from 1MB to 300kb. Without a doubt this will affect BTC prices should it make it as a BIP or as a pull request. Meanwhile, BTC prices are consolidating and could print higher if they race past $3,800. Bitcoin Price Analysis Fundamentals There is another twist to the Bitcoin Block size debate. A Bitcoin…

Bitcoin Price Watch: BTC Could Accelerate Gains Above $3,650

Bitcoin price is holding the key support near the $3,580 zone against the US Dollar. Yesterday’s contracting triangle is in place with resistance near $3,610 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely preparing for the next bullish break above $3,610, $3,620 and $3,650. Bitcoin price is setting up for the next crucial break against the US Dollar. BTC could gain bullish momentum if it clears the $3,620 and $3,650 resistance levels in the near term. Bitcoin Price Analysis Recently, we saw…

Crypto Market Eyes New Highs: Bitcoin Cash, EOS, XLM, TRX Analysis

The total crypto market cap is showing positive signs above the $117.0B support level. Bitcoin cash price is gaining momentum and it could break the $125 and $128 resistances. EOS price rallied more than 5% and it looks set to break the $3.00 hurdle. Stellar (XLM) is slowly correcting higher towards the $0.0800 and $0.0820 resistances. Tron (TRX) is slightly under pressure below the $0.0255 support level. The crypto market could accelerate higher in the near term. Bitcoin (BTC), BCH, Ethereum, EOS, ripple, stellar (XLM), tron (TRX) and other major…

Ripple Price Analysis: XRP Sighting Bullish Break In Near Term

Ripple price is currently showing a few positive signs above the $0.2980 support against the US dollar. Yesterday’s highlighted key declining channel is intact with resistance near $0.3035 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to break the $0.3040 and $0.3060 resistance levels for a fresh upward move. Ripple price is slowly recovering against the US Dollar and Bitcoin. XRP/USD could gain bullish momentum once it breaks the $0.3040 and $0.3060 resistance levels. Ripple Price Analysis In the past few days,…