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Bitcoin Price Analysis: New Low on Low Volume Breeds Potential Bullish Set-up

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Bitcoin Price Analysis

Bitcoin sits precariously perched at the bottom of the annual market low and many bitcoin investors aren’t sure what to make of it. Although the market seems to be continuing its drift to new lows with greater and greater ease, there are a couple of bullish signals worth considering while the market continues to consolidate: 

Fig1Figure 1: BTC-USD, Daily Candles, New Market Low

On Friday, June 29, 2018, for the first time this year, the daily candles closed below the annual low of $ 6,000s. However, something to note about this bearish close is the lack of volume and lack of momentum on the follow through. Overall, the volume is continuing to consolidate and it appears to be within the realm of an accumulation trading range (TR).    Read more...

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XRP Price: Small Recovery Despite Dwindling Trading Volume

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It would appear another major price reversal looms on the horizon for all major cryptocurrencies. After a very rough period over the past few days, most of the markets are on the road to recovery. The XRP price is leading the charge among top 10 currencies with a solid 2.54% increase. If this trend keeps up, things will certainly get pretty interesting moving forward.

XRP Price Trend Gives Hope

With another battering taking place across all cryptocurrency markets over the past few days, few people had expected any positive momentum to come out of it so soon. In the case of the XRP price, the going has been tough these past few days. This is on par with all other major cryptocurrencies, for rather obvious reasons.  Read more...

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India’s Crypto Trading Volume Increases Despite Central Bank Ban

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There is an upsurge in the cryptocurrency trading volume in India. This increase is occurring despite the crypto ban issued by the Reserve Bank of India (RBI) in April 2018. As a result, crypto stakeholders remain confident that the market will continue to flourish even after the ban officially takes effect in July 2018.

Increase in Prices and Daily Trading Volume

Crypto prices and daily trading volumes have increased in the aftermath of the RBI ban. According to Reuters, the average price of bitcoin in India is $ 9,270. This figure is significantly higher the average bitcoin price in the few days after the RBI announcement which was $ 5,250. The average crypto trading volume in the country has also increased. According to Pune, a crypto exchange platform based in India, daily trading volume has reached $ 75 million.  Read more...

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IOTA Price Temporarily Climbs Above $1 Despite Weak Volume

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TheMerkle Omoku IOTA Broker

This weekend seemingly proves to be another interesting period for all cryptocurrency trading. More specifically, we see most of the top 15 markets in the green right now, even though the overall momentum is still pretty bearish. For the IOTA price, things are finally looking up again, albeit it remains to be seen if this will last for a lengthy period of time.  Read more...

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Canadian and European Bitcoin P2P Markets Set Record Trading Volume

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Canadian and European P2P Markets Set Record Trading Volume

Localbitcoins trading volume has witnessed volume spikes across miscellaneous markets in recent weeks, with global volume bouncing to $ 75 million USD this past week. The Canadian and European markets both produced record volume this past week – after both markets produced seemingly anomalous spikes in trading activity.

Also Read:Capitalization of Cryptocurrency Markets Loses 59% in Q1 2018 

Europe and Canada’s Localbitcoins Markets Set Weekly Volume Records

The weekly global trading volume on localbitcoins has bounced to $ 75 million (8,586 BTC), following spikes in volume across several markets during the week of the 31st of March.  Read more...

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Paxful Trading Volume Shows Popularity of Bitcoin in Africa Continues to Grow

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The popularity of Bitcoin in Africa continues to skyrocket. Paxful, the p2p cryptocurrency marketplace, is offering the means for Africans to take charge of their economic destiny.

The cryptocurrency revolution, spearheaded by Bitcoin, has intensified greatly over the last year. While pundits focus their attention on the markets of Asia and the United States, the buying and selling of Bitcoin in Africa has continued to grow at a remarkable rate. This is clearly understood by the peer-to-peer cryptocurrency exchange, Paxful, who offers Africans hundreds of options to either buy or sell the world’s most popular digital currency.

Bitcoin in Africa  Read more...

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VeChain Price Retakes the $4 Level Thanks to Lbank’s Trading Volume

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TheMerkle VeChain Blockchain

It is evident a lot of cryptocurrency users are hoping for the markets to recover sooner rather than later. As of right now, there is some minor positive momentum forming on the charts, although things are still not looking too great. Other than Bitcoin Cash, very few currencies are making a positive impact. The VeChain price is showing some signs of life as of right now, though.  Read more...

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BTC Transaction Volume Reaches Two-Year Low

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BTC Transaction Volume Reaches Two-Year Low

The seven-day average for the number of daily bitcoin transactions has reached a two-year low, recently dropping below 160,000 for the first time since March 2016. The lull in transactions coincides with the weekly volume of bitcoins exchanged through peer-to-peer (P2P) trading volume on Localbitcoins recently dipping below 6,000 for the first time since February 2014.

Also Read: GPU Producers Fear Drop in Demand From Crypto Miners

Number of Confirmed Daily BTC Transactions Hits Two-Year Low

The number of confirmed daily bitcoin transactions has dropped substantially in recent weeks, with blockchain.info data indicating that the seven-day average falling from an all-time high of nearly 350,000 on the 16th of December 2017 to reach lows of between 150,000 – 155,000 during February 2018.  Read more...

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Bitfinex Review: The World’s Biggest Exchange by Volume

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The post Bitfinex Review: The World’s Biggest Exchange by Volume appeared first on 99 Bitcoins.

Bitfinex is the world’s biggest Bitcoin exchange by volume. 5.77 million bitcoins traded through Bitfinex from mid-April to mid-October 2017—nearly twice the volume of Bitfinex’s nearest competitors, including Kraken (3.65 million BTC) and Coinbase (3.06 million BTC). High volume is important for traders as it ensures a low spread, which is the difference between the best […]

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