By CCN Markets: Price of Bitcoin established another year-to-date high on Friday, touching levels not seen in over a year. Earlier during the Asian session, the bitcoin-to-dollar exchange rate flew past the $ 9,800 level for the first time since May 6, 2018. As of 0200 UTC, the pair settled a fresh yearly high towards $ 9,812 on Coinbase exchange, up 5.92 percent on a 24-hour adjusted timeframe. Bitcoin futures on CME also surged to establish its 2019 peak of $ 9,840. Rate Cut Drives Gold Higher The price rise appeared 12 hours after the Federal Reserve agreed to the possibility for a rate
Researchers Find Hundreds of Ethereum Wallets at Risk Due to Weak Key Pairs
On April 23, the security consulting firm Independent Security Evaluators (ISE) published a document concerning a number of unsound public and private key pairs tied to the Ethereum blockchain. The probability of chance needed to crack 256-bit encryption would take years for hackers to access random private keys. However, ISE recently queried 49,060 ETH transactions which found 732 “weak” public keys, essentially revealing the corresponding private keys.
Also read: Bitcoin Cash Markets and Network Gather Strong Momentum in Q1
Trade Wars, Brexit & a Weak 2019 Forecast: What’s Prompting Asian and European Markets to Decline?
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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Germany’s Growth Slows Amidst Weak Car Sales and Shrinking Exports to China
Germany’s economy has witnessed slower growth than usual, according to data released from the Federal Statistics Office (Destatis). The data shows the country has been consistently growing for the past nine years, but the rate has slumped in the past 12 months. While the country’s GDP grew by 2.2 percent in 2017, it fell to … Continued
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China’s Weak Economy Gives US Upper Hand in Trade War: Trump Admin
China’s well-known fears of social instability as a result of worsening economic conditions could be used to the advantage of the United States in the trade negotiations, U.S. Commerce Secretary Wilbur Ross has indicated. This comes as trade talks between the world’s two biggest economies entered a new stage on Monday in Beijing. Speaking to
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Crypto Market Recovers From Pullback But Bitcoin Momentum is Weak
The cryptocurrency market has started to recover gradually from a major pullback, which occurred following a substantial 40 percent increase in Bitcoin Cash (BCH) and a surge in the price of several other major cryptocurrencies. Over the last 24 hours, the valuation of the cryptocurrency market has increased from $ 211 billion to $ 213 billion, by
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Bear Biased Trend of Bitcoin: Weak Momentum Could Send BTC to $5,750
Over the past 24 hours, the valuation of the crypto market has remained at $ 205 billion, mostly due to the stability of Bitcoin at $ 6,350. The gap between BTC/USDT (Tether) and BTC/USD has declined to around $ 50, with the Bitcoin-to-Tether pair being traded with a $ 50 premium. The announcement of Tether LLC’s new partner bank
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Crypto Exchange OKEx Delists Over 30 Trading Pairs for Weak Volume
OKEx, the second largest crypto exchange by volume, has announced the delisting of more than 30 trading pairs including Ripio/ETH and Monetha/BTC. The exchange cited weak trading volume as the justification for the ejections. The delistings will not take effect until the 31st. Listing and delisting is a common practice among cryptocurrency exchanges, and, depending
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Bitcoin Price Intraday Analysis: BTC/USD in Weak Upside Correction
The Bitcoin-to-USD exchange rate has posted slight gains in the Friday session. Currently, the pair is trading above 6300-fiat, up +1.55 percent on the day. The weak upside correction comes after the mainstream stocks underperformed second-day in a row. Nevertheless, the lower market volatility suggests that the Bitcoin correction is only a minor adjustment in
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Weak User Counts Signal ‘Panic Sell’ For Most Cryptocurrency Tokens: Researcher
Last week, cryptocurrency researcher Kevin Rooke questioned the ability of Ethereum and EOS to support decentralized applications (dApps), given the dearth of users on those blockchains. Now he’s wondering if most cryptocurrencies are getting enough use. He recently observed in a tweet that only 27 cyrptocurrency tokens had 400 or more active users in a
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Bitcoin Price Intraday Analysis: BTCUSD Recovers on Weak Upside Promise
The Bitcoin market on Wednesday attempted a decent bullish recovery, extending the recent marginal gains to an impressive 10% upside from the previous lows. The Asian trading session witnessed an influx of buying orders in an attempt to pierce through $ 6,500-resistance. As we hiccuped through the European course, the bullish sentiment weakened and pulled the
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Crypto Markets, Weak Demand from Miners Hurt GPU Producers
Dipping cryptocurrency markets are hurting not only crypto holders but also a number of related businesses and sectors. Manufacturers of hardware that can be used in mining applications, like GPU makers Nvidia, AMD and their OEM partners, are also hit by weak demand in the sector which is pushing inventories up.
Also read: Bitcoin Businesses Denied Banking Services in Ireland
Bitcoin Price Analysis: Weak Rally Gives Bitcoin Second Chance at Support Test
Within minutes of rumors spreading regarding the SEC’s classification of both bitcoin and ether, the entire crypto market breathed a sigh of relief as everyone enjoyed a nice bounce. Prior to the news, bitcoin saw several days when buyers began to disappear from the market. After bottoming in the low $ 6,100s, the SEC news spread and a modest rally on relatively low volume ensued:
Figure 1: BTC-USD, 1-Hour Candles, Weak Rally
Bitcoin Price Analysis: BTC Poised for $9,000s Amid Weak Lows
A short-lived rally gave eager bulls false hope as the the market attempted to break back into the trading range (TR) outlined in last week’s BTC Market Analysis. As noted in our last discussion, a break back into the TR would be considered a period of evaluation and an inability to maintain support within the TR would likely lead to a continuation of the downtrend:
Figure 1: BTC-USD, 2-Hour Candles, Downtrend Continuation
IOTA Price Temporarily Climbs Above $1 Despite Weak Volume
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.