By CCN Markets: On CNBC’s Fast Money, Cornerstone Macro’s Carter Worth stated that based on technicals, the trend of bitcoin is seemingly positive and is aiming for 2018 levels. Year-to-date, the bitcoin price has risen by 146 percent against the U.S. dollar from around $ 4,000 to $ 9,150 following a strong start to the second quarter of 2019. Why technical indicators show bitcoin is on a positive trend According to Worth, the bottom established by bitcoin in December 2018 at $ 3,150 has acted as an important support level for the dominant crypto asset. If key support levels continue to hold up
- Following unconfirmed claims by the NYC Attorney General regarding Bitfinex and Tether’s insolvency, the bitcoin market had a knee jerk reaction that caused us to retest macro support. However, this pullback barely made a scratch on the market structure as we didn’t manage to break our trend of higher lows.
- The move was swift, but after a few days of sideways consolidation, the market is now seeing a retest of macro resistance in the $ 5,300 level. So far, the market has yet to reclaim the broken support, but the move is still fresh
The bitcoin price on Sunday surged as high as 7.7 percent against the US dollar backed by a bullish yearly prediction. The bitcoin-to-dollar rate established its intraday peak at $ 4,085 but underwent a minor correction action to trade at $ 4,051 at press time. The pair had been attempting to break through $ 4,000 since December 28,
The post Bitcoin Price Smashes Through $ 4,000 — Is a Breakout Imminent? appeared first on CCN
Warnings of an imminent financial crisis are in the media more than ever before. But could such an event be the tipping point that puts Bitcoin and cryptocurrency firmly into the mainstream? Politician and tech entrepreneur Rick Falkvinge says it would be the perfect time to finally convert people to crypto.
While Bitcoin (BTC) remains bear biased, Tron (TRX) and Augur (REP) recorded solid 5 percent gains against both BTC and the US dollar. The volume of Bitcoin has failed to recover from the low $ 3 billion region, down more than 30 percent since late September. Subsequent to falling by around 4 percent from $ 6,600 to
The post Tron, Augur Surge 5% Ahead of Major Upgrades, is $ 5,800 Imminent For Bitcoin? appeared first on CCN
At press time, bitcoin is trading for just shy of $ 6,400. While it’s good news that the currency hasn’t dropped any further than it already has, it’s disappointing to see bitcoin stay where it’s been over the past few days and refuse to budge.
Well, this may be about to change. Many analysts agree that $ 6,500 is bitcoin’s next big move, and that the father of crypto will soon see itself experiencing another bull run before the year is out. What is interesting is the fact that bitcoin could maintain its position despite an early hack this morning that caused over 6,000 BTC at Zaif – a Japanese crypto exchange – to disappear within minutes, but bitcoin is remaining strong for the most part.
The cryptocurrency market has seen one of its steepest declines in a one-day period since February of this year, losing more than $ 38 billion from its market valuation. The Bitcoin price has dropped from $ 7,150 to $ 6,400 in less than six hours, recording a massive sell-off across major cryptocurrency exchanges. Following the rapid decline in
The post Bitcoin Price Drops 13% to $ 6,400 and Tokens Plunge, is $ 6,000 Imminent? appeared first on CCN
Iran might soon take a page out of Venezuela’s playbook by launching its own state-issued cryptocurrency. The move is occasioned by the fact that the country is set to come under renewed economic sanctions from the United States.
Local Companies and the CBI Collaborating to Create a National Cryptocurrency
According to local media sources, the country’s apex bank, as well as numerous Iranian companies, are putting modalities in place to create a national cryptocurrency. Commenting on the plans, Alireza Daliri, a senior official of the Directorate for Scientific and Technological Affairs of the Presidential Office said:
Subscribe to my DTube channel and earn cryptocurrency rewards for your best comments at: https://d.tube/#!/c/marketingmonk and https://steemit.com/@marketingmonk
Click on a video and then click ‘subscribe’.
LiteCoin Cash Website:
Whenever there’s a thought drilling through your brain trying to get out and you have no idea quite how to word it to finally let it fly, go to the source. Chances are, there’s somebody out there who knows exactly what they’re talking about and there’s no point in rephrasing that, which is already being articulated with perfect clarity.
You’re not an American if you’re not afraid of housing bubbles, you’re not a capitalist if the current outlook of the financial sector doesn’t give you the chills, and you have no dog in the cryptocurrency fight if what’s happening with the market these last few days doesn’t concern you. But, when it comes to distinguishing, which bubble is “better” for us – financial, housing or tech – the Coindesk’s Managing editor Marc Hochstein makes a very precise point stating that:
This year will be a huge once for initial coin offerings and they are coming thick and fast in January. Some will succeed and make it into the crypto hall of fame, otherwise known as the market capacity charts, and others will fall by the wayside. One ICO that has already successfully completed and is on the way to the exchanges is trade.io.
trade.io is a blockchain based trading platform which aims to democratize the markets, disrupt the financial industry, and recapture and redistribute wealth back to investors and companies. This will have the beneficial effect of reducing and eliminating the often disproportionate fees and inefficiencies traditionally associated with asset trading. It will be achieved through the creation of an innovative peer-to-peer shared liquidity pool where the profits get redistributed back to the customers.