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Markets Update: Cryptocurrencies Bullish Following Possible Higher Lows

February 18, 2019 By Mark Lyford Leave a Comment

The cryptocurrency markets have enjoyed a day of significant bullish action, with only four of the top 80 crypto assets by capitalization posting a 24-hour loss as of this writing. ETH was the strongest performing leading market, comprising the only cryptocurrency in the top 25 by market cap to post a double-digit gain for the day.

Also Read: Regulators Explain Why Bitcoin Futures Are Easier to Approve Than Bitcoin ETFs

BCH and BTC Hold Above 2018 Lows

After six weeks of sideways consolidation, many leading cryptocurrencies are testing local resistance areas after avoiding a retest of December’s lows. Read more...

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Markets Update: Crypto Traders Still Uncertain After a Week of Consolidation

February 16, 2019 By Mark Lyford Leave a Comment

Cryptocurrency markets are once again riding a long period of consolidation as the last seven days has failed to show any meaningful moves. During our last markets update, digital asset values spiked considerably, gaining billions in one hour on Feb. 8. But a week later cryptocurrencies have offset those gains and most markets have been following a narrow range for more than a week.

Also Read: Bitcoin’s Social Contract Must Be Resilient to the Whims of Future Generations Read more...

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Markets Update: Cryptocurrencies Test Key Levels From 2017 Bull Trend

February 12, 2019 By Mark Lyford Leave a Comment

The cryptocurrency markets are trading at significant long-term price areas, with BTC currently channeling between key levels from the 2017 bull run. In other market action, BCH and ETH have continued to consolidate above the $ 100 area.

Also Read: ETF Filed With SEC to Invest in Bitcoin Futures, Bonds, and Mutual Funds

BTC Trades Between Major Long-Term Price Zones

For the last two months, BTC has established a price range corresponding to areas of long-term significance. Read more...

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Markets Update: Cryptocurrencies Gain Billions in Less Than an Hour

February 9, 2019 By Mark Lyford Leave a Comment

Cryptocurrency prices have spiked significantly in value during afternoon trading sessions on Feb. 8. The entire market cap of the top digital assets recorded today has added over $ 15 billion in fiat value in just one hour.

Also Read: Public Transportation Across Argentina Can Now Be Paid With BTC

Cryptocurrency Markets Gain Billions in One Hour

Earlier today, news.Bitcoin.com reported on a slew of leading digital currency markets breaking the descending trendline since December 2017’s all-time high (ATH). Not too long after our markets update, the bearish price trend for most cryptocurrencies has started to show signs of reversing. At the moment the entire digital asset economy is worth roughly $ 120.5 billion and global trade volumes have spiked to $ 20 billion+ worth of 24-hour trades. Read more...

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Singaporean and Eastern European P2P Markets Post Record BTC Volume

February 6, 2019 By Mark Lyford Leave a Comment

Several markets have seen spikes in peer-to-peer (P2P) volume, with the Kazakh and Singaporean Localbitcoins markets posting their second strongest weeks on record. Polish P2P trade also increased this past week, with volume reaching a 14-month high.

Also Read: Leaked Documents Suggest Mt. Gox Trustee’s Bitcoin Sales Impacted Market Prices

Singaporean P2P Trade Sees Spike

The current BTC price action appears to have driven an uptick in Localbitcoins trade volume across diverse markets, with many traders likely preparing for the various scenarios that may play out as BTC tests support near the low of 2018’s bear market. Read more...

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Markets Update: Traders Patiently Wait for Crypto’s Longest Bear Run to End

February 3, 2019 By Mark Lyford Leave a Comment

Cryptocurrency prices have been seemingly stable lately as there hasn’t been much volatility in the last two weeks in either direction. The overall market capitalization of the entire crypto economy has lost about $ 4 billion since our last markets update and global trade volumes are much slimmer than weeks prior.

Also read: Properties Are Still Being Sold for Cryptocurrency Despite the Bear Market Read more...

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Analysis: Will the Cryptocurrency Market’s Long Tail Trend Ever End?

January 30, 2019 By Mark Lyford Leave a Comment

The cryptocurrency market has its very own long tail trend that sees the majority of all value flow to BTC, with altcoins left to fight for the scraps. With a $ 60 billion market cap and a dominance of 53 percent, BTC has ruled the market since day one. As altcoin investors endure the persistent pain of an ongoing bear market, they may be entitled to ask: is the long tail a long-term trend?

Also Read: Using Technical Indicators to Trade Crypto in 2019 Read more...

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Exclusive: Markets Will Take Time to Digest 2018 ‘Crypto Meltdown’, Says Former Morgan Stanley MD

January 27, 2019 By Mark Lyford Leave a Comment

By CCN.com: Patrick Springer spent 20 years working for Morgan Stanley as an investment specialist. Specifically, his job was to help institutional investors make informed decisions in global equity markets. Now, despite the bitcoin market meltdown, he’s flung himself headlong into crypto becoming an advisor for Polybird Exchange. Why? Because “it’s important for people to challenge

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Trade Wars, Brexit & a Weak 2019 Forecast: What’s Prompting Asian and European Markets to Decline?

January 22, 2019 By Mark Lyford Leave a Comment

By CCN.com: Asian and European markets opened Tuesday on a weaker note as the International Monetary Fund (IMF) warned about sluggish global growth in 2019. Weak Chinese Market Forecasts The Asian session primarily saw a slowdown in the Chinese economy. At 0625 UTC, the Shanghai Composite index was trading at 2579.669 points, down 1.15% from

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BitPay Sets New Company Records, in Spite of Crypto Bear Markets

January 20, 2019 By Mark Lyford Leave a Comment

Blockchain payment platform BitPay has announced that 2018 has been their most profitable year, having “processed over a $ 1 Billion again in payments and set a new record for transaction fee revenue.”

In a statement, BitPay CEO Stephen Pair said, “To process over a $ 1 Billion for a second year in a row despite Bitcoin’s large price drop shows that Bitcoin is being used to solve real pain points around the world.”

2018 was a particularly fraught year for the crypto space, as prices saw a steady decline. Nevertheless, BitPay was able to show positive expansion, which it credits in part to “new customers like Dish Networks, HackerOne, and the State of Ohio.” Read more...

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Markets Update: Crypto Prices Drift Sideways While Traders Remain Uncertain

January 17, 2019 By Mark Lyford Leave a Comment

A lot has changed since our last markets update as digital asset prices have been consolidating after the cryptoconomy’s last big drop in value. The entire ecosystem’s market valuation has lost about $ 10 billion over the last week, but stronger global trade volumes have managed to keep values afloat at current prices as traders await the next big wave of movement.

Also Read: Embracing Utility in 2019: Unreliable Crypto Networks Will Lose to Hyperbitcoinization Read more...

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Trump Slump? Government Shutdown & Trade War Leave Markets on Edge

January 16, 2019 By Mark Lyford Leave a Comment

The federal government shutdown showdown of 2019 between Capitol Hill Democrats and President Donald Trump keeps setting records as it enters into its 26th day. The previous longest federal shutdown in U.S. history was the 1995-’96 face-off between Speaker Newt Gingrich (leading the first Republican House Majority in 40 years) and President Bill Clinton. That

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Blue Monday? Trade Figures from China Shake the US Stock Markets, Dow Futures Fall

January 14, 2019 By Mark Lyford Leave a Comment

New trade data from China is fuelling fears of global recession. Stock markets in Asia and Europe fell in reaction. A premarket drop for Dow futures points to a tough day for the US stock markets. Europe’s leading 300 share index, the FTSEurofirst 300 Index (FTEU3), fell 0.7% in early trading. Asia saw declines with the

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Hope After US-China Talks: Stock Markets in Asia and Europe Trade Higher

January 9, 2019 By Mark Lyford Leave a Comment

Trade talks between the U.S and China concluded earlier today boosting Asian markets and the start of trading in Europe. It could be another good day of trading for the Dow Jones and the wider markets in the U.S too. In Asia, the markets jumped in response to positive comments from officials. In China, the

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Markets Update: Crypto Analysts Remain Uncertain After 2019’s First Week of Trading

January 6, 2019 By Mark Lyford Leave a Comment

Since our last markets update, cryptocurrency markets consolidated within a tight range and have been less volatile over the last few days. The market capitalization of the entire cryptocurrency economy has gained about $ 5.7 billion and a few of the top coins have seen some price jumps this week.

Also Read: Embracing Utility in 2019: Unreliable Crypto Networks Will Lose to Hyperbitcoinization Read more...

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Here’s Why FED Gives Markets Green Light, Further Rate Hikes Unlikely

January 6, 2019 By Mark Lyford Leave a Comment

Renowned economist, author of the “Death of Money,” Jim Rickards says the markets just “got the cue” they need. The U.S Federal Reserve (FED) is now unlikely to raise interest rates again without significant warning. That’s a green light for the stock markets and indeed the cryptocurrency market. Powell's use of "patient" on Friday was

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S&P 500 and Stock Markets Worldwide Close Out Worst Year Since 2008

January 1, 2019 By Mark Lyford Leave a Comment

Stock markets worldwide, including Dow Jones, Nasdaq and the S&P 500, have posted disappointing yearly returns, with many indexes being compared to their performance during the financial crisis. The S&P 500 is down 6.2% for 2018, while the DOW Jones Industrial Average is down 5.6% for 2018. These numbers, compared to the financial crisis, where

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December Volume Report: Top Markets See Strongest Trade of H2 2018

January 1, 2019 By Mark Lyford Leave a Comment

The five most traded cryptocurrency markets saw an increase in volume during December, when compared with the previous month. Despite the spike in trading activity posted by the dominant markets, many crypto assets ranked below the top five saw a decline in month-over-month volume.

Also Read: Report: Indian Government Updates Progress on Crypto Regulation

USDT and Top Altcoin Markets See Volume Increase

BTC saw a slight increase in volume during December, with $ 157.2 billion worth of trade taking place, up from $ 156.5 billion during November. As such, BTC posted its strongest volume since May. Read more...

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Markets Update: BCH and BTC Set to Post Record 5 Months of Consecutive Red Candles

December 28, 2018 By Mark Lyford Leave a Comment

Despite the short-lived rally leading up to Christmas, BTC appears poised to post a fifth consecutive red candle on the monthly chart for the second time ever. BCH also looks ready to extend its record bear streak to five months of red, while ETH appears poised to post a monthly gain for the first time in seven months.

Also Read: Judge Denies Craig Wright’s Motion to Dismiss Billion-Dollar Bitcoin Lawsuit Read more...

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Cryptocurrency Markets Take A Downturn Days After Christmas