By CCN: Bitcoin price will hit $ 30,000 by the end of 2019, according to Kenetic Capital co-founder Jihan Chu. In an interview with Bloomberg, he points to three bullish factors including the upcoming bitcoin halving, the disappointment of tech IPOs, and the likes of Facebook and Fidelity embracing crypto. Chu’s $ 30k price target comes as bitcoin teases the $ 9,000 mark and ticks over a $ 150 billion market cap. “Ten years out from the bitcoin story, and we are starting to see the story become a reality. and what people are really seeing now is that cryptocurrency is not going away”
Bitcoin (BTC) has run into some turbulence over the past 24 hours and is now down around 2.4% after failing to break out substantially above the $ 8,000 level. While it’s difficult to determine where Bitcoin is headed in the short-term, at least two traders at the New York Mercantile Exchange (NYMEX) and CME Group (CME) […]
ARK (ARK), a platform bridging popular blockchains (Bitcoin, Ethereum, etc.) through special communication channels called SmartBridges, has been one of the best-performing cryptocurrencies over the last 24 hours, gaining more than 50% at one point before losing momentum. ARK/USD via CoinCodex You must be a subscriber to continue reading Members can login here. FREE 7-DAY TRIAL: Receive access to […]
By CCN.com: Voyager aims to be the easiest way to trade cryptocurrency. The crypto brokerage app lets the user simply place an order and allow Voyager to do the rest. The company is connected to more than a dozen cryptocurrency exchanges around the world. It uses advanced metrics to find the user the best trade
The post Exclusive: Voyager CEO on Why Crypto Regulation is the Last Step Before Mass Adoption appeared first on CCN
By CCN.com: Cboe BZX Exchange has officially withdrawn their Bitcoin Exchange Traded Fund application. Filed last June, the official withdrawal of the application came in on January 22. A letter published on the SEC’s website makes the news official. SEC deputy secretary Eduardo Aleman writes that the Cboe BZX Exchange rescinded its request for a
The post Most US Investing Pros are Waiting on a Bitcoin ETF Before Buying Crypto appeared first on CCN
U.S. President Donald Trump appears positive over recent trade talks with China. But Trump is not so upbeat about coming to an agreement with the Democrats and ending the government shutdown. Could a trade resolution with China happen before the government starts to pay its employees? As Trump left for his visit to Texas and … Continued
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Technical analysts believe the Bitcoin price is at a turning point. Using the GTI VERA Bands Indicator, a new Bloomberg article suggests that the flagship cryptocurrency could be “on the brink of a large move.” It could go either way, the indicator suggests. Bitcoin price moves over the past 18 months prove surprises could be
The post Bitcoin: Crypto Hedge Fund Says ‘We’ll See More Lows Before We Head Higher’ appeared first on CCN
The role of game publishers in the emerging esports industry is becoming increasingly more controversial as arbitrary updates become the new norm, and Epic Games continued the trend before Sunday’s $ 100,000 WSOE Fortnite Duos tournament. Just hours before the event kicked-off, Fortnite’s publisher pushed a game update that brought a new, potentially game-altering item called […]
Bitcoin price on Wednesday traded inside a narrow session range as the market assessed the bearish correction of the previous day. The Bitcoin/Dollar rate started the trading session with a jump towards $ 3,850 but rejected extended upside targets in a pullback action that stretched to as low as $ 3,686. Before the European session matured, the
The post Bitcoin Price Finds Bears Near $ 4,200, At Last Leg Before Breakdown appeared first on CCN
SEC Chairman Jay Clayton has claimed that bitcoin exchanges lack sufficient transparency and monitoring for the market to see approved Bitcoin Exchange Traded Funds (ETFs). According to CNBC, at the Consensus Invest Conference in New York City recently, Clayton said: What investors expect is that trading in the commodity that underlies that ETF makes sense
The post No Bitcoin ETF Before Important Changes to BTC Markets: SEC Chairman appeared first on CCN
Since our last markets update five days ago, a lot has changed as a good chunk of the top cryptocurrency markets have dipped in value over the last three and a half days. Bitcoin cash markets touched a high of $ 638 on Wednesday, Nov. 7, but now prices are hovering around $ 544 per BCH on Sunday, Nov. 11.
Chart for BCH/BTC (1W)
Bitcoin Cash (BCH) is about to go through a critical hard fork. Just before that hard fork, a lot of investors have started hoarding Bitcoin Cash (BCH) in order to receive the free coin. During the last few months, Bitcoin Cash (BCH) vs. Bitcoin (BTC) debates have been on a rise. Bitcoin Cash (BCH) evangelist, Roger Ver has been explaining on different forums how Bitcoin Cash (BCH) is more spendable compared to Bitcoin (BTC). This recent development in the form of a price boost just before a hard fork would also have its impact on the BCH vs. BTC debate. As the BCH/BTC weekly chart shows, Bitcoin Cash (BCH) made an impressive move against Bitcoin (BTC) last week and is now struggling to get past the 21 Week EMA.
Ethereum Classic (ETC) is expected to become fully IOT (Internet of Things) compatible by November 30, 2018. This is no doubt going to be a big development for the sleeping giant. However, previously we have seen events like Coinbase listing and ETC Summit makes no impact on the price of Ethereum Classic (ETC) at all. For all we know, this time may be no different and the price may not appreciate short term. However, all of these developments combined are definitely going to have a strong impact long term. Most cryptocurrency projects do not think beyond cryptocurrencies or the blockchain technology. There is a reason for that. Blockchain is a hot topic and they want to capitalize on that, but what happens when blockchain is not so hot anymore?
Bitcoin (BTC) has just faced rejection at a long term resistance. The price has now broken below the 5 Day EMA and looks likely to drop further. If today’s daily candle closes below the 5 Day EMA, we will see Bitcoin (BTC) retesting $ 6,200 again. If that level fails to hold, then we may even see the price drop further to $ 5,800. In any case, Bitcoin (BTC) will be expected to bounce off these levels with strength as it has in the past. BTC/USD tested $ 5,900 around mid August but bounced strongly off that level. After that, the price rallied all the way to $ 7,400. If Bitcoin (BTC) falls to $ 6,200 or lower and bounces from there, it would become easier for the bulls to break the long term resistance.
In December last year, the crypto market boomed with Bitcoin almost hitting $ 20,000. Less than a year later, the value of the leading cryptocurrency has dropped to around $ 6,500 (currently priced at $ 6,474 at time of writing).
Even though Bitcoin has dropped from its all-time high of nearly $ 20,000, if you invested a thousand dollars in the crypto five years ago you would have made a massive profit, obviously.
On October 15, the price of Bitcoin dropped to $ 6,150, dangerously moving closer to its $ 6,000 support level which it has well maintained since early August. Due to its low volume, Bitcoin struggled to demonstrate momentum in the mid $ 6,000 region, failing to hold $ 6,550, a level it had held fairly well throughout the past
The post Bitcoin May Have Just Experienced its Final Shakeout Before a Big Rally appeared first on CCN
The air feels different during the autumn, which is around the corner here in the northern hemisphere. I must admit, I really enjoy walking down the street when it’s covered in colorful leaves. Can’t really say why, but it has always been one of those guilty pleasures of mine. Now, more than ever, due to
The post Bitcoin Opinion: This is the Quiet Before The Storm appeared first on CCN
Wall Street strategy firm Fundstrat Global Advisors is among the mainstream financial industry’s biggest long-term cryptocurrency bulls. However, the firm is advising clients to hold off on buying more bitcoin — at least for right now. Writing in a recent note to clients, Fundstrat technical strategist Robert Sluymer said that investors seeking to increase their
The post Bitcoin Price: Wait for Clear Bull Trend before Buying More Cryptocurrency appeared first on CCN
Along with Bitcoin, blockchain is possibly one of the biggest buzzwords in the world today.
Supporters of blockchain claim that it will change everything from financial services to healthcare. Noting that its ability to function without a central authority and also being able to store data without being tampered with.
They also think it will be greatly beneficial for several industries beyond finance and healthcare but also technology, real estate and law too.
NEO (NEO), the Chinese Ethereum that became the centre of attention during the previous bullish cycle of the cryptocurrency market is all of a sudden completely forgotten after the recent correction. Their development team seems to be working in a low key style on the project and does not care about publicity. While it may be hard to tell what the NEO (NEO) development team is really up to, the above weekly chart for NEO/USD shows us clearly what NEO (NEO) is up to.