Bolstered by stable trading volume, growing network activity, and increasing validation on Wall Street, the bitcoin price could be on the brink of a major move to the upside. Writing in daily market commentary made available to CCN, eToro senior market analyst Mati Greenspan said that the stars continue to align for a potential bitcoin … Continued
Naeem Aslam, chief market analyst at Think Markets UK, has stated that Bitcoin needs a blessing from the US Securities and Exchange Commission (SEC) to revitalize and experience a recovery in price. According to Aslam, the approval of the first Bitcoin exchange-traded fund (ETF), which would allow accredited investors and individual traders in US markets
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According to cryptocurrency analyst Eric Thies, the crypto market may have hit a bottom in September as the price of Ethereum (ETH) declined by more than 50 percent. Since delving below the $ 180 mark, ETH has since recovered to $ 230, likely due to the demonstration of massively oversold conditions by the market in late September.
The post Analyst: Ethereum Sell-Off in August Shows Crypto Has Hit a Bottom in 2018 appeared first on CCN
The bitcoin price has been remarkably stagnant in recent weeks, with the flagship cryptocurrency’s volatility declining to a 17-month low on Oct. 8. Analysts including Bloomberg Intelligence commodity strategist Mike McGlone have said that this could be an indication the cryptocurrency market is beginning to establish itself into a maturing asset class. But while declining
The post Bitcoin Price Heading into ‘Classic Breakout Pattern’: Analyst appeared first on CCN
Ether (ETH) prices “capitulating” in September was “significant” to ending the 2018 cryptocurrency bear market, according to a new theory from one cryptocurrency analyst.
Thies: ‘We Were Looking In The Wrong Place’
In a series of tweets, UTR Equity’s crypto market commentator Eric Thies postulated that Bitcoin’s run to all-time price highs in December 2017 came as a result of Ether investment during the ICO phenomenon.
When interest slowed, so too did prices begin to freefall — Bitcoin reaching lows below $ 5900 in February this year and Ether below $ 170 in September.
Element Group, a cryptocurrency economics and digital assets solutions analyst, published a report explaining that the SEC’s delay in approving bitcoin ETF proposals is the primary reason why the market has become so boring in recent weeks. Crypto Market Has Become Boring “One can argue that the depressed volatility patterns we’re seeing with bitcoin is
The post Bitcoin Market Has ‘Run Out of Juice’: Cryptocurrency Analyst appeared first on CCN
Though many bitcoin investors believe multi-layer scaling solutions such as the Lightning Network (LN) will eventually make BTC a viable payment instrument for the proverbial coffee purchase, most argue that the flagship cryptocurrency’s primary short-term use case is as “digital gold.” However, an equity analyst at one of the world’s most respected investment research firms
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There’s something about a prolonged cryptocurrency market downturn that leaves bears jockeying to be the one to twist the final knife in bitcoin’s battle-scarred back. The latest jab comes from Marek Paciorkowski, a financial market analyst at Polish forex platform Aforti Exchange S.A. Speaking in an interview with Romanian financial publication Business Review, Paciorkowski speculated
The post Bitcoin Price Could Crash to $ 100, Claims Forex Analyst appeared first on CCN
CNBC Futures Now trader Jim Iurio has predicted that bitcoin will trade above $ 6,800 based on market analysis that holds $ 6,000 as its critical support level. Speaking on the show alongside Anthony Grisanti, Iurio stated that market tacticals hold the key to accurately predicting the movement of bitcoin on any meaningful level. He made the
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Veteran Bitcoin analyst Willy Woo insists that bitcoin is still in the middle of a bearish trend. This contradicts the opinions of some experts who believe that the sell-off period has already come to an end, therefore expecting a bull ride to kick in. Market Behaviour and Speculators Since January 2018, bitcoin and the cryptocurrency
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Since falling from $ 7,400 to $ 6,300 on September 6, Bitcoin has stabilized in the $ 6,400 region, providing the crypto market with a small breathing room. Bitcoin has been fairly stable at $ 6,450 throughout the past 48 hours, recording a movement that has allowed tokens to minimize losses against BTC and other major cryptocurrencies. Still, Edward
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What’s behind the recent bitcoin rally price to $ 7,100? Michael Moro, CEO of Genesis Trading and Genesis Capital, thinks the market’s stable reaction to the SEC’s ETF rejections last week played a big role. Interviewed on CNBC, Moro noted that the selloff that has greeted SEC rejections in the past did not materialize. The important
The post Clear-Headed Response to Crypto ETF Rejections Drove Bitcoin Price to $ 7,100: Analyst appeared first on CCN
A recent report by ICO advisory firm Satis Group highlighted the long-term value potential of cryptocurrencies that boast privacy features, as they believe these networks are likely to be the largest beneficiaries of most store-of-value use cases. The research report claims privacy coins having the largest upside of the entire cryptoasset market, noting that the largest […]
Bitcoin exchange-traded funds will “remain rejected” despite US regulators ordering a review into why it rejected one of them, a market analyst forecast August 27.
9 ETFs ‘Will Remain Rejected’
In weekly comments on cryptocurrency and traditional markets, Mati Greenspan, CEO of UK-based hybrid trading platform eToro, described the decision to look into the US Securities and Exchange Commission’s (SEC) rejection of the Winklevoss ETF “largely a procedural protest.”
The cryptocurrency markets experienced a slight pullback on Thursday but have more or less managed to maintain the midweek recovery that followed Monday’s massive sell-off. As CCN reported, some analysts attributed that decline — which affected ethereum to a far greater extent than bitcoin — to ICO-funded startups cashing out their capital before the market
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As Bitcoin price continues to decline, senior analyst Todd Gordon shares his take on the current market conditions – and where the price of Bitcoin will go from here.
Todd Gordon, founder of TradingAnalysis.com, appeared on CNBC’s Stock Draft on June 22 during which he predicted that Bitcoin (BTC) will fall to $ 4000 before experiencing a rebound that will take it to over $ 10,000 by 2019.
As the price of Bitcoin struggles to stay above $ 6000, the eyes of the cryptocurrency world remain firmly fixed on the market leader.
‘There is Nothing Preventing $ 2500 from Being the Bottom’
Various analysts and experts have weighed in on Bitcoin’s current woes, providing their opinions on what the future holds for the first and foremost cryptocurrency.
One such expert is Luis Carranza, the founder of London Fintech Week, who told Express.co.uk that — despite reaching yearly lows — there are still plenty of reasons to remain bullish in the long term. He stated:
Bitcoinist spoke with Mati Greenspan, Senior Market Analyst at eToro, on where the Bitcoin price is headed, how the popular platform is handling an influx of new users, and where he sees the cryptocurrency market headed in 2018 and beyond.
eToro is the leading social investment platform in the world. Moreover, it is one of the first traditional trading platforms that has embraced Bitcoin trading.
By the end of 2013, eToro reportedly had over 3 million accounts, a number that has grown exponentially in the past few years, particularly after the platform began supporting Bitcoin in 2014. Another major boost was the platform’s addition of Etheurem and a few other cryptocurrencies in the beginning of last year.
The Coincheck exchange hack sent shockwaves through the crypto community, and analyst Nicholas Colas says to expect more such hacks in the future.
The hack of the Japan-based Coincheck crypto exchange last week was huge. Roughly 523 million of its NEM coins were stolen, causing the exchange to shut down all withdrawals, except for Bitcoin. The overall value of the stolen coins is around $ 534 million. However, the crypto market stabilized pretty quickly, but more trouble may be coming. In an interview with CNBC, analyst Nicholas Colas said that more exchange hacks will happen.
RBC Capital Markets analyst Mitch Steves thinks the blockchain industry will be worth $ 10 trillion within the next 10-15 years.
Much of the coverage we’ve seen out of the major and mainstream news media outlets (we’re looking at you, CNBC) has focused on the micro topics within the space. Where does Bitcoin Cash fit into the picture? Does it mean anything that the founder of Ripple is now worth more on paper than the founders of Google?