By CCN Markets: The Dow Jones Industrial Average is set to blow past its record high and keep pushing. That’s the analysis of Christopher Harvey, head of equity strategy at Wells Fargo. Harvey believes investors are wrongly building defensive portfolios when they should be bullish on stocks. He sees the Dow going higher on the back of interest rate cuts and strong corporate performance. “We think the equity move is a little bit deceiving. We think people are really misconstruing it. Everyone is saying ‘oh my goodness we’ve had such a great run, it’s time to take profits.’ But really
Cryptocurrency markets are booming this weekend and traders need adequate and timely information about prices and trends. Cryptowat.ch is an online platform that provides real-time market data and it’s highly customizable to suit the needs of different investors.
Online Platform Offers Real-Time Crypto Data and Charts
The website provides both numbers and charts for hundreds of cryptocurrencies. It pulls the data from multiple exchanges and it’s constantly updating it. By default, the prices of digital assets are displayed in U.S. dollars but the preferred quote currency can be changed to euro, British pound, Japanese yen, Chinese yuan, Korean won, BTC or tether (USDT). The graphs can also be customized with a dozen themes available in the Settings menu.
Data published recently shows that the number of cryptocurrency wallet users has been steadily increasing over the years, almost independently of the market ups and downs. This positive trend has continued throughout the extended bearish market and has in fact steepened in the last few weeks.
Over 36 Million Crypto Wallets Created so Far
A study published by market and consumer data provider Statista compiles quarterly figures for a three-year period. The number of blockchain wallet users worldwide has jumped from less than 6.7 million in Q1 2016 to over 34.6 million in Q1 2019. This has involved a constant increase, with every quarter seeing more cryptocurrency wallets than the previous one.
Over the last two years, the Lightning Network has been touted as the scaling solution for the Bitcoin Core (BTC) network. However, the solution has been heavily criticized for its lack of security, and on March 28, Bitcoin Unlimited’s chief scientist Peter Rizun wrote an interesting evaluation of the Lightning Network’s “dirty little secret.”
Iran is toying with the idea of lopping zeros off its national currency as inflation goes through the roof. History tells us this is rarely a good idea. Cryptocurrency provides an alternative for those living in countries where the fiat currency is being rendered worthless. Crypto adoption in Iran is growing steadily, with government economic mismanagement credited with being a contributing factor.
Despite the 80 percent correction in the crypto market, blockchain developers are making $ 130,000 to $ 180,000 a year. But, the rising salaries of blockchain developers do not necessarily translate to an increase in developer activity in the crypto sector. Too Many Variables in Crypto Over the past two years, especially at the height of the
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The TRON (TRX) network officially broke the highest single-day transaction total for Ethereum (ETH) on Friday. It's Official ✍🏽#TRON has broken #Ethereum's record for highest number of transactions on Nov 9, 2018 #ETH highest transaction volume recorded on Jan 4, 2018: 1,349,890 Txs 👇🏽#TRX highest transaction volume recorded on Nov 9, 2018: 1,367,488 Txs 💥#IAmDecentralized🖖🏽$ TRX pic.twitter.com/qQaLwNf4YW — Misha Lederman […]
The World Will Need A Fast Truly Decentralized Exchange To Keep Up
Recent news of TD Ameritrade’s investment in a futures exchange, Coinbase’s $ 8B valuation, and Web 1.0 mainstay Yahoo Finance, is offering a cryptocurrency chart.What does this tell the market? For starters, that crypto is steadily moving into mainstream finance.
The NYT recently served up this promotion from Visa. It’s hard to remember a time when Visa wasn’t a household name. But, if you can imagine it, even Visa was once a new technology offering faster transactions compared to the standard – at the time – check transactions. Now, consumer transactions and decentralized exchanges are very different, but the appeal is the same – fast is good, slow is bad.
Chart for LTC/USD (1W)
Gemini just announced Litecoin (LTC) support. A new exchange backed by TD Ameritrade has already made clear its intention to list Litecoin (LTC). Coinbase already has it and so does Circle. During a recent survey conducted by Fundstrat, a vast majority of institutions showed enormous interest in Litecoin (LTC). A lot of people believe that Bitcoin (BTC) is already working fast to resolve its issues of transaction cost and speed. These are the two main reasons why Litecoin (LTC) gained popularity in the presence of Bitcoin (BTC). If Bitcoin (BTC) transactions were fast and cheap, there would be no Litecoin (LTC). It is true that Bitcoin (BTC) is rapidly moving towards such solutions. Recently, Blockstream announced Liquid, a Bitcoin (BTC) solution that would help exchanges and financial institutions with liquidity.
The premium on Bitcoin Investment Trust (GBTC), a publicly tradable Bitcoin instrument operated by Grayscale Investment, a $ 2 billion cryptocurrency fund and subsidiary of Digital Currency Group (DCG), has dropped by 10 percent in the past week. Tyler Jenks, the president of Lucid Investment, who operated as an analyst in the traditional finance sector for
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Bitcoin on Friday broke above its psychological resistance level near $ 6,500 and formed higher highs towards $ 6,600. The BTC/USD kickstarted the Asian trading session with an impressive rally from 6462-fiat to 6595-fiat. However, the pair failed to sustain the upside momentum near the new resistance and retraced back towards 6400-fiat. As it happened, BTC/USD made
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Against every bullish expectation, bitcoin price finally lost its latest upside today to growing bearish pressure. The BTC/USD on Wednesday plunged as much as 7 percent. The pair seemed to have overstayed its welcome near the resistance of our Rising Wedge channel. There was absolutely no buying sentiment visible around the area in the past
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A Scottish property firm is teaming up with a local blockchain startup to create probably the world’s first Private Rented Sector (PRS) database. Property letting portal Citylets has announced that they and their new tech partner Wallet.Services will be creating a ledger that would tackle rising rents in Scotland’s residential sector. The company believes that their
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Ethereum Classic (ETC) has had an impressive run up for the past few days but the price is now at risk of falling below $ 14. The 4H chart above for ETC/USD shows that the price has now formed two candles on the 4H chart above the 10 EMA. However, Wave Trend analysis and RSI profile point to an imminent fall in the days ahead. It will not be easy though as the price will have to break the critical 21 EMA support in order to fall.
A number of surveys have implied blockchain technology is becoming more and more popular within the eyes of global corporate executives. Recent data reveals how issues concerning trust might restrict adoption.
As the blockchain industry continues to expand, more and more companies and top executives are coming around to its merits.
Bitcoinist recently reported that 70% of executives who participated in Deloitte’s 2018 Blockchain Survey categorized themselves as “excellent,” or as “experts,” on the topic of blockchain technology.
The survey consisted of 1,053 senior executives in nations like Canada, China, France, the United Kingdom, and the United States. All respondents were working at companies with $ 500+ million in yearly revenue.
Bitcoin Price continued to establish new intraday highs on Tuesday bouncing from this week’s bottom near $ 6,559. The BTC/USD pair was hinting a strong push towards 7000-fiat while being on a slow-and-steady upside trend. Since its infamous 30-minute crash, the pair has come a long way to establish a new monthly high at 7127-fiat. On … Continued
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Canada has seen an increase in its bitcoin ownership rate from 2.9 percent in 2016 to 5.0 percent in 2017. Usage trends have also shifted, with most Canadians now holding bitcoin primarily for investment purposes.
The Bank of Canada has released its findings from a two-year long study that was completed to better assess Canadians’ usage and adoption of Bitcoin. The study, which began in 2016, followed central bank chief Stephen S. Poloz’s cautionary advice:
Cryptocurrency’ is a misnomer—‘crypto,’ yes, but ‘currency,’ no.
Ethereum price has been rising steadily during the past few days along the upwards trend line that has been evident since April 7th. $ 700 was repeatedly the day high on Saturday and Sunday. Repeated cycles of upwards price bursts followed by brief downwards price correction attempts have been evident on the 4 hour ETHUSD charts, since last Friday. However, the upwards trend line has been acting as a rising support level during the past few days. The market seems to be moving towards testing the resistance around $ 713.24 during the first few days of the upcoming week.
It has been a pretty interesting few days for all cryptocurrency markets. With most currencies noting small to medium gains, a trend reversal appears to be on our hands. As of right now, some coins are nothing some big gains as of right now, including Cardano. With the Cardano price shooting up by nearly 19% in the past 24 hours, things are looking good once again.
New survey among financial professionals in Britain shows that more than half of those who have invested in cryptocurrencies, plan to buy more coins this year. Despite recent market volatility, only 8 percent of the interviewed intend to sell their cryptos. The majority of the investors expect crypto valuations to rise over the next 12 months.
Optimism, Despite Volatility
British financial services professionals and retail investors are mostly optimistic about the near future of cryptocurrencies and are looking to increase their exposure. 54 percent of them expect their prices to rise over a 12-month period. Only 32 percent anticipate a decrease, according to a new survey, released by Citigate Dewe Rogerson.