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Bitcoin Price Analysis: Macro Resistance Could Push Price Down to $6,000s

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Summary:

  1. The bitcoin market is seeing some pullback as the monthly and weekly resistance level has proven to be a tough level to crack. On the daily level we can see a couple of attempts to break the level, but ultimately this was matched with strong selling pressure.
  2. On bitcoin’s four-hour chart we can see that support that once held the market up is now turning into support with a failure to reclaim the level.
  3. If we fail to reclaim the $ 7,800s, we can expect to see a retest of the $ 7,300s and if that level doesn’t hold, we will very likely see a test of the low $ 6,000s.
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Samourai Wallet Adds Tor Integration in Privacy Push

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Samourai

Samourai Wallet announced this month that its latest update supports Tor integration, offering additional privacy for users.

What Does Tor Integration Enable?

In a conversation with Bitcoin Magazine, Samourai’s lead developer, who is known simply as “TD,” gave a rundown of the Tor integration. He explained that using the Tor integration before creating a new wallet can shield a user’s identity beyond the fact that they are not required to provide any personal information. With Tor, Samourai’s servers will not be able to see a user’s IP address when they connect to the API, only their Bitcoin addresses, thus protecting the one piece of information that could tie their wallet to their real-world identity.  Read more...

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Voyager Begins Its M&A Push, Acquires Ethos (ETHOS) for $4 Million

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Voyager (VYGR.V), a cryptocurrency brokerage firm that provides retail and institutional investors with trading solutions, has acquired Ethos.io, the blockchain startup behind ETHOS and the Universal Wallet, for $ 4 million. Breaking News: Ethos has been acquired by Voyager. Uniting together to build the premier end-to-end crypto broker, wallet service and blockchain financial platform. Read the […]
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Binance-Owned Trust Wallet Continues Its Privacy Coin Push With ZCoin (XZC) Support

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Trust Wallet, a Binance-owned mobile wallet that supports Bitcoin, Ethereum and over 20,000 different Ethereum-based tokens across the ERC-20, ERC-223 and ERC-721 standards, is continuing its efforts to provide support for leading privacy coins with the addition of ZCoin (XZC). Privacy means having the power to make your own choices about how you represent yourself […]
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Trade Alert: NEM (XEM) Rises 6% as the Bulls Push Back

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NEM (XEM), a blockchain project building a network designed for better-performing smart assets, has had a rough start to the year after the new leadership published a report revealing it was on the verge of bankruptcy following a year of poor budget management. The news was enough to drop the price of the coin from $ 0.065 […]
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TRON Up by Over 100% in 1 Month: Can BitTorrent Token’s Success Push it Further Up?

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In the past 30 days, the valuation of the crypto market dropped from $ 138 billion to $ 114 billion by $ 24 billion. Yet, TRON (TRX) recovered from $ 0.0127 to $ 0.0264, by well over 107 percent. Since December 17, in about five weeks, the Tron price demonstrated a strong gain against both Bitcoin and the U.S. dollar following a series of positive announcements. Most recently, BitTorrent Token, the native cryptocurrency of the BitTorrent ecosystem, initiated a token sale on Binance Launchpad and all of the tokens sold out within minutes. Could BitTorrent Pave the Path Towards the Success of TRON On January  Read more...

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Crypto Startups Push Swiss VC Investments to a Record $1.25B

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Crypto Startups Help Push Swiss VC Investments to a Record $ 1.25B

Startups based in Switzerland have attracted a record amount of venture capital in 2018 and companies from the cryptocurrency industry have contributed to the notable increase. Zug, which is home to the country’s Crypto Valley, is among the cantons with the highest growth in investment volume, a new report reveals.  

Also read: Crypto Mining Could Bring Russia $ 1B in Taxes, Report Suggests  Read more...

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TRON Spikes 134% in 1 Month: Will the Crypto Sector’s Strong Performance Push Bitcoin Higher?

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In the last 48 hours, since its daily peak on January 26, the Bitcoin price has declined from $ 3,657 to $ 3,515, by nearly four percent against the U.S. dollar, while TRON surged by 10 percent on the day. The decline in the Bitcoin price has led the valuation of the crypto market to drop by … Continued

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VR Cycling Startup Zwift Makes Esports Push With $120 Million Raise

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Zwift, an online cycling virtual reality gaming platform, recently closed a $ 120 million fundraising round as it gears to launch its own esports cycling league and propel e-racing into the Olympics. According to a recent report in Bicycling, the company claims to have at least 1 million people currently signed up for its service, which offers both […]
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Binance Coin Price (BNB) Rallies 20% on Crypto Adoption Push

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The Binance Coin token (BNB), which currently entitles users to a 25% discount on exchange fees, has seen some serious trading activity over the past 24 hours, running it up by about 20% to over $ 6.00 before a slight pullback to $ 5.85. There are a number of factors that could be at play. Increased trading

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Binance’s Mobile Apps Now Have Push Notifications

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Leading cryptocurrency exchange Binance has continued its push to improve the user interface of its mobile apps, and announced today that it would be adding push notification functionality. Binance mobile apps nows have notifications. Download the latest version if you haven't already. We will be testing it during this next upgrade. Now you don't have to follow my boring tweets if […]
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Electroneum Price Moves up Courtesy of Sistemkoin and eCommerce Push

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etn price

A lot of cryptocurrencies are slowly digging themselves out of a hole right now. While the top 20 currencies are doing so in anything but spectacular fashion, a lot of interesting things are happening beyond the top 20. Electroneum is looking for ways to recover some losses and return to the $ 0.02 level in the near future.  Read more...

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Unwriter Launches ‘Bitsocket’ — A Push API for the Bitcoin Cash Network

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Unwriter Launches 'Bitsocket' — A Push API for the Bitcoin Cash Network

After a slew of new applications released over the last six months, on Oct. 24 the software developer Unwriter published another platform for the BCH ecosystem called Bitsocket; a real-time application program interface (API) for Bitcoin Cash. Essentially Bitsocket compliments Unwriter’s Bitdb ‘pull’ based API with a ‘push’ based infrastructure for transactions on the Bitcoin Cash network.

Also read: SEC Suspends Trading in Company Over False Cryptocurrency-Related Claims  Read more...

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Litecoin Price Seems Poised for a Push to $55 Over the Weekend

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NullTX Litecoin 7th Anniversary

As all top cryptocurrencies are moving upward once again due to some recent developments, all eyes are turning to Litecoin right now. Not necessarily because there is a relatively new development affecting LTC, but mainly because it can usually generate some positive momentum with little effort. A push to $ 55 is not out of the question by any means.

Litecoin Price Momentum is Picking Up

Not much has happened in the Litecoin price department over the past month. That is not entirely surprising, as all top cryptocurrencies have seen a steady decline and plenty of sideways trading momentum. Litecoin is no exception in this regard, although a small nudge in the right direction can make a world of difference moving forward.  Read more...

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UK Money Management App Emma Makes Crypto Push

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Millennial-focused money management startup Emma Technologies is expanding into crypto. The startup is behind the Emma app for iOS and Android, which is an artificial intelligence-fueled tool that until now has only supported financial institutions like HSBC, Bank of Scotland, Barclays and others, helping users to avoid overdraft fees, manage debt and save money. Now

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Electroneum Price Notes Steep Drop Despite eCommerce Push

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electroneum price

Whereas most cryptocurrencies are starting to see some upward momentum, things are very different for Electroneum. While that is not entirely abnormal, the steep losses are piling up fairly quickly. It seems unlikely ETN will remain above $ 0.0205 for much longer, although altcoins have a tendency to move in mysterious ways.

Electroneum Price Faces a big Setback

When the altcoins are rising, one would often expect to see Electroneum on that list. In this particular case, that is not what is happening, even though there is still a chance the momentum turns around. This massive dip was not entirely expected, yet it seems ETN is not catching a break in either the USD or BTC department right now.  Read more...

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Officials Push Ahead Despite Concerns With West Virginia’s Blockchain Voting Experiment

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West Virginia is gearing up to deploy a blockchain-based voting application for elections in November. The idea is being met with growing amounts of criticism from security experts and election specialists, but those spearheading the initiative are moving forward. 

Earlier this year, Bitcoinist reported on West Virginia’s ambitious plans to bring blockchain to voting. In late March, state officials announced an initiative with a Boston-based technology startup, Voatz, that would allow those who fall under the Uniformed and Overseas Citizens Absentee Voting Act cast their ballots thanks to blockchain.  Read more...

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Blockchain, IoT, and AI Push Global Semiconductor Sector Sales to Over $40 Billion

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Blockchain, IoT, and AI Push Global Semiconductor Sector Sales to Over $ 40 Billion

Industries focusing on the Bitcoin’s blockchain technology, the Internet of Things (IoT), and artificial intelligence (AI) are fueling the semiconductor industry to the “highest ever monthly sales.” However, the US-China trade war is now instigating fear and volatility in the semiconductor industry.

Semiconductor Industry Becoming the Fastest-Growing Industry in the Tech Sector

Data compiled by World Semiconductor Trade Statistics (WSTS) shows that global sales of semiconductors were $ 40.1 billion in August 2018, representing an increase of 14.9 percent compared with the August 2017 total of $ 34.9 billion. As a result, the Semiconductor Industry Association (SIA) reports that worldwide sales in August 2018 were 1.7 percent higher than the July 2018 total of $ 39.49 billion.  Read more...

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EU Watchdog Will Evaluate ‘Every’ ICO for Potential Regulatory Push

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european union eu cryptocurrency ico regulationThe European Securities and Markets Authority (ESMA) is assessing every single ICO operating within its jurisdiction, Reuters reported on Oct. 8. ESMA chair Steven Maijoor — who warned crypto investors in Jan. 2018 that they could potentially lose all of their funds by investing in initial coin offerings (ICOs) — said that he had been observing the current regulations

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