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Since July 13, digital currency prices have dropped in value significantly, but most coins have since experienced some recovery. While many crypto supporters are optimistic on where the markets are headed, traders and analysts have noticed a bullish-to-bearish trend. BTC and a slew of other currencies spiked more than 10% at 11 a.m. EST on Thursday, however, indicating the bull market is still in play.
Also read: Ignore Crypto Twitter – Life as a Nocoiner Isn’t That Bad
Cryptocurrencies have recovered from losses incurred a week ago, with many digital assets up 50-80% since July 2. For instance, eight days ago bitcoin core (BTC) tumbled to $ 9,650 and then back to a high of $ 13,150 yesterday evening. However, during the afternoon trading sessions on Wednesday, most of the top 20 cryptocurrencies have seen losses of between 5-20%.
Also Read: Iranians Defy Warning and Share Pictures of Bitcoin Mining in Mosque
By CCN Markets: Morgan Stanley economist Ellen Zentner told clients today that June may be a rough month in the economy, going so far as to suggest “June Gloom” is looming. This comes on top of a similar warning two weeks ago from the very same Wall Street firm. The latest research note reportedly states: “The decline shows a sharp deterioration in sentiment this month that was broad-based across sectors.” Zentner is often solid on many things. On the most recent note, however, she’s off base. Morgan Stanley is relying on its proprietary Business Conditions Index (BCI), which reflects pivotal moments
It’s Christmas and the year is drawing to a close. It’s that time of the year where traders take stock of their investments and prepare for the future. Oddly enough, 2018 seems to be ending on the same note as it started—with mixed feelings. However, while views on the average performance of the crypto market this
The post PwC FinTech Lead Shares Positive Outlook for Crypto Market in 2019 appeared first on CCN
The market is still in the red and it seems it would be staying that way for a while. With the latest “fall” in the crypto market, skeptics have been speculating on whether Bitcoin and its compatriots could mount a quick comeback and shake off this bearish run. However, in the midst of all this skepticism,
The post Roger Ver Remains Positive on his Cryptocurrency Outlook appeared first on CCN
Americans are split almost evenly on the topic of whether or not cryptocurrency represents a promising investment class with a bright future. A new Clovr research report sampling over 1,000 American adults found that roughly even segments of the U.S. population have strongly positive and apprehensive, bordering on hostile, views toward crypto assets, even as
The post U.S. Investors Divided on Outlook for Cryptocurrency: Survey appeared first on CCN
Bitcoin’s drop to $ 6,200 on Monday has increased the odds of a move toward key support below $ 6,000.
CoinDesk
Bitcoin (BTC)’s price movement so far has been a reaction to the EUR/USD pair for the most part. In fact, Bitcoin (BTC) has rarely made any moves that were not coherent with movements in the EUR/USD pair. The monthly chart above for EUR/USD shows the Euro (EUR) in a strong ascending channel against the US Dollar (USD) since 1994. The first large circle shown on the chart above between 2003 and 2008 bears extremely close resemblance to the one formed this time between 2017 and 2018.
Continue reading EUR/USD Monthly Outlook Hints Unprecedented Bitcoin (BTC) Gains at Crypto Daily™.
After another massive setback for all cryptocurrency markets, it will be interesting to see how Bitcoin and the altcoins evolve in the future. The Ethereum price is taking a massive beating as of right now, as it has dropped below $ 485 once again. This is not the trend cryptocurrency users are looking for, but there is very little to be done about this bearish pressure unless something drastically changes.
Well-known analyst Tone Vays has likened Bitcoin to how it was in 2014, as prices hit multi-month lows of $ 6668.
Uploading technical forecasts for BTC/USD on social media Sunday, Tone Vays — who has produced multiple warnings about a bear market for the leading cryptocurrency in previous months — reiterated his “most optimistic” bear target below $ 5000.
“It has been a long time since I’ve posted a $ BTCUSD chart like this,” he wrote in an accompanying commentary, continuing:
With so many cryptocurrencies benefiting from a brief spell of positive momentum, interesting things are bound to happen. In the case of Binance Coin, interesting things are taking place over the past 24 hours. Thanks to a solid 10.69% increase in the past day, the Binance Coin price has risen to $ 13.81 again.
Considering how Binance is the world’s most popular exchange these days, it is only normal the company’s native token is also getting a lot of attention. users can benefit from Binance Coin in many different ways, including using it to settle trading fees, among other things. As such, the Binance Coin price has risen spectacularly over the past few months, even hitting an all-time high of over $ 23 in early 2018.
