Tag: Market

Bear Market Is Not a Reason to Bury Cryptocurrencies

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The massive 2018 bear market is not a reason to bury crypto, Russian Prime Minister Dmitry Medvedev claimed in a speech at the Gaidar forum. Russian news agency TASS reported on Medvedev’s comments yesterday, Jan. 15. Medvedev outlined the current crypto market situation as one of the main questions on the world community’s agenda, along with other challenges such as shifts in traditional markets, a rise in protectionism and social inequalities, and the speed and scope of global digital transformation. Speaking at the annual international scientific conference on the economy,…

This Price Resistance Level May Hold Key to Bitcoin Bull Market

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That bitcoin (BTC) may be closing on a long-term bottom is generally accepted by now. After all, the leading cryptocurrency by market value has dropped by close to 70 percent over the last 13 months. The challenge now is to pick up early signs of a long-term bearish-to-bullish trend change, which may be possible with the help of the 10-week simple moving average (SMA). Acting as resistance, that moving average proved a tough nut to crack in the eight weeks to Nov. 14 – the day BTC reentered the bear…

Crypto Market Gains Traction: EOS, Tron (TRX), Bitcoin Cash, ADA Price Analysis

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The total crypto market cap found support near $112.00B and recovered above $120.00B. EOS price is up more than 8% and it may extend gains above the $2.50 resistance. Bitcoin cash price is back above the $130 level and it could test the $135 and $138 resistances. Tron (TRX) price rallied close to 10% and cleared the $0.0250 resistance. Cardano (ADA) price found support above $0.0400 and recovered above $0.0430. EOS and Tron (TRX) are gaining bullish momentum as the crypto market recovers nicely. Bitcoin, BCH, Ethereum, and altcoins like…

Despite Bear Market, Crypto Mining Malware Tops Threat Index for 13th Month Running

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Three strains of crypto mining malware have topped the latest Global Threat Index from Israeli cybersecurity firm Check Point, according to a press release published on Jan. 14. Check Point Software Technologies Ltd. is a security solution provider for governments and enterprises globally, with over 100,000 organizations reported to be currently using its security management system. As reported, stealth crypto mining attacks — also known as cryptojacking — work by installing malware that uses a computer’s processing power to mine for cryptocurrencies without the owner’s consent or knowledge. According to…

Crypto Market Update: Bitcoin Cash, Tron (TRX), ADA, IOTA Price Analysis

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The total crypto market cap declined heavily and broke the $115.00B support level. Bitcoin cash extended losses and traded below the $130 support level. Tron (TRX) started a downside move and traded below the $0.0250 support level. Cardano (ADA) is moving lower and it may soon test the $0.0400 support zone. IOTA (MIOTA) is down more than 7% and it recently broke the $0.3000 support. The crypto market is under a lot of selling pressure, dragging bitcoin (BTC) and Ethereum below key supports. Moreover, ripple, Litecoin (LTC), Tron (TRX), IOTA…

Cornered by Bear Market, Bitmain Is Facing an Unclear Future

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On Jan. 10, news emerged that Chinese Bitcoin mining giant Bitmain’s co-founders, Jihan Wu and Micree Zhan Ketuan, will step down as co-CEOs of the company. The move follows a streak of reports suggesting that Bitmain has been facing mass layoffs, class action lawsuits and difficulties related to its initial public offering (IPO) during the last quarter of 2018. So what exactly is happening with one of the world’s most influential crypto outfits? Brief introduction to Bitmain, the world’s most powerful crypto mining giant Bitmain was founded in 2013 by Jihan…

Crypto Will Recover Far From 2018 Bear Market

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Vinny Lingham, a general partner at Multicoin Capital and the CEO of Civic, believes the crypto market won’t recover any time soon. He said: The crypto market will rise again, but most likely only when the pain of the recent fall becomes a distant memory. Don’t underestimate the power of psychology in free markets. Why Crypto Could Take a Long Time to Recover Top cryptocurrency assets including bitcoin (blue), ethereum (red), and ripple (orange) have taken steep losses over the past several days. In 2017, the crypto market saw one…

Crypto Market Turned Bearish: Stellar (XLM), Bitcoin Cash, Tron (TRX), ADA Price Analysis

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The total crypto market cap tumbled and declined more than $20.00B in the past 2 hours. Stellar (XLM) price is down more than 15% and tested the $0.1000 support. Bitcoin cash price tumbled 20% and broke the $150 and $140 support levels. Tron (TRX) trimmed most its recent gains and traded below the $0.0280 level. Cardano (ADA) price is down around 20% and traded below the $0.0450 support level. The crypto market turned bearish recently and lost more than $20.00B. Bitcoin, BCH, Ethereum, XRP, Stellar (XLM), Tron (TRX) and Cardano…

Research Firm Charts Unspent BTC and Calls a Market Bottom in Q1 2019

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“How many unspent bitcoins exist?” “How many bitcoins have been lost?” “How many bitcoins are left sitting in wallets, and how does this affect price?” If any (or all) of these questions have ever popped into your head, you’re in good company: They’ve crossed the minds of analysts at Delphi Digital, the self-named “research & consulting boutique specializing in the digital asset market.” The firm just released research on the current state of the bitcoin market, and they believe they’ve forecasted a potential bottom for its declining prices (FYI, they…