Wednesday, November 21Your Daily Bitcoin & Altcoin News Portal

Author: Wealthy Miner

Capitulation? This Bitcoin Sell-Off Still Isn’t as Extreme as 2015’s

Capitulation? This Bitcoin Sell-Off Still Isn’t as Extreme as 2015’s

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Capitulation? This Bitcoin Sell-Off Still Isn’t as Extreme as 2015’s A total of $60 billion has been erased from the value of all cryptocurrencies over the last week, a decline that has many wondering if the ongoing bear market for the asset class has finally come to an end. Defined as a period of depressed activity and sentiment, the bear market has seen the price of bitcoin, the world’s largest cryptocurrency, decline more than 75 percent from all-time highs set in January. Further, as bitcoin makes up more than 50 percent of the entire market in terms of total capitalization, it’s safe to say the bear market may end when bitcoin bulls refuse to cede more ground. But in order for a true ‘bottom’ to be found, many figure a “capi
Bitcoin Price Drops to $4,200 Despite Record Low On RSI

Bitcoin Price Drops to $4,200 Despite Record Low On RSI

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin Price Drops to $4,200 Despite Record Low On RSI Bitcoin’s price continues to slide despite the oversold conditions signaled on the technical charts for the last six days. The leading cryptocurrency by market capitalization fell to $4,200 soon before press time – a price low not seen since Oct. 5, 2017 – and was last seen trading at $4,484, according to CoinDesk’s Bitcoin Price Index (BPI). Notably, the 14 percent drop witnessed in the last 24 hours has pushed the widely followed 14-day relative strength index (RSI) below 10.00, its lowest reading on record. An asset is considered to be oversold and due for a corrective bounce when its RSI is below 30.00. BTC’s RSI fell into oversold territory on Nov. 14, but a strong reco
Imaginative Ways to Buy Crypto, Explained

Imaginative Ways to Buy Crypto, Explained

BITCOIN
Please share if you find this article interesting. Imaginative Ways to Buy Crypto, Explained What is the best way to buy crypto? A lot of this depends on which cryptocurrency you’re buying, how much you want, and where you are based. As long as you are in a country which hasn’t banned purchasing digital currencies (attitudes vary around the world,) you’ll probably be able to use a crypto exchange. There are dozens of outlets to pick from, and each support different fiat currencies – meaning you can get your hands on Bitcoin, Ethereum and others irrespective of whether you use US dollars, euros, pounds or Japanese yen as a payment method. Many of these centralized exchanges claim that they make purchasing cryptocurrencies as easy as splashing out on a pair of socks on Amazon. A
Bearish Sentiment Mounts As Bitcoin (BTC) Plunges Below $4,400

Bearish Sentiment Mounts As Bitcoin (BTC) Plunges Below $4,400

PRICE ANALYSIS
Please share if you find this article interesting. Bearish Sentiment Mounts As Bitcoin (BTC) Plunges Below $4,400 When an overwhelming number of cryptocurrency investors thought it couldn’t get any worse, it did.Bitcoin (BTC), after falling under $5,800 on November 14th, continued lower on Monday and Tuesday morning, moving under a multitude of supposed support levels at $5,000, $4,800, and, most recently, $4,400. Altcoins, save for XRP, followed close behind ‘big daddy Bitcoin’, posting similar losses of 15%, or even more in acute cases of ‘bear market bowel syndrome’.Keeping this tumultuous price action in mind, crypto investors have done their best to discern where this nascent market could be headed next. And sadly, a majority, like moths to a flame, have looked to bears for
Bitcoin Price Watch: BTC/USD Nosedives 15%, $4,000 Next?

Bitcoin Price Watch: BTC/USD Nosedives 15%, $4,000 Next?

PRICE ANALYSIS
Please share if you find this article interesting. Bitcoin Price Watch: BTC/USD Nosedives 15%, $4,000 Next? Key PointsBitcoin price fell significantly and declined below the $5,000 and $4,600 supports against the US Dollar.There are two bearish trend lines formed with resistance near $4,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).The price is likely to accelerate losses towards the $4,200 and $4,000 levels in the near term.Bitcoin price traded to multi month low below $4,500 against the US Dollar. BTC/USD could continue to decline towards the $4,000 support area.Bitcoin Price AnalysisYesterday, we discussed the chances of a new low below $5,200 in bitcoin price against the US Dollar. The BTC/USD pair did move down and broke the $5,200 and $5,000 support le...
Ethereum Classic Price Analysis: ETC/USD Sellers Next Target $5.00

Ethereum Classic Price Analysis: ETC/USD Sellers Next Target $5.00

PRICE ANALYSIS
Please share if you find this article interesting. Ethereum Classic Price Analysis: ETC/USD Sellers Next Target $5.00 Key HighlightsEthereum classic price tumbled recently below the $7.00 and $6.00 supports against the US dollar.There is a short term bearish trend line formed with resistance at $6.00 on the hourly chart of the ETC/USD pair (Data feed via Kraken).The pair is likely to extend the current decline towards the $5.20 and $5.00 support levels.Ethereum classic price fell significantly against the US Dollar and Bitcoin. ETC/USD could continue to move down below $5.50 to test $5.00.Ethereum Classic Price AnalysisAfter dropping to the $7.00 level, ETC price started a short term consolidation against the US dollar. The ETC/USD pair corrected a few points above $7.20, but it ...
Ripple Price Analysis: XRP/USD Outperforms Bitcoin And Ethereum

Ripple Price Analysis: XRP/USD Outperforms Bitcoin And Ethereum

PRICE ANALYSIS
Please share if you find this article interesting. Ripple Price Analysis: XRP/USD Outperforms Bitcoin And Ethereum Key HighlightsRipple price is holding the $0.4600 support area with no bearish pressure against the US dollar.There is a short term bearish trend line formed with resistance at $0.4850 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair could retest the $0.4600 or $0.4520 support level before a fresh upward move.Ripple price is trading with a positive bias against the US Dollar and Bitcoin. XRP/USD did not decline more than 1% whereas BTC/USD and Ethereum fell more than 10%.Ripple Price AnalysisThere was a decent support base formed near the $0.4600 level in ripple price against the US Dollar. The XRP/USD pair remained above the $0.4600 support...
Ethereum Price Analysis: ETH/USD Nosedives Below $150 Support

Ethereum Price Analysis: ETH/USD Nosedives Below $150 Support

PRICE ANALYSIS
Please share if you find this article interesting. Ethereum Price Analysis: ETH/USD Nosedives Below $150 Support Key HighlightsETH price failed to recover and declined below the $150 level declined against the US Dollar.There is a short term bearish trend line in place with resistance at $150 on the hourly chart of ETH/USD (data feed via Kraken).The pair traded to multi month low and it could continue to move down below $140.Ethereum price fell sharply against the US Dollar and bitcoin. ETH/USD broke the $150 support and it is currently consolidating losses.Ethereum Price AnalysisYesterday, we saw a major decline below $175 in ETH price against the US Dollar. The ETH/USD pair broke the $179 and $175 support levels to start a fresh decline. Later, bitcoin price declined heavily an...
Alabama: The Unlikely Frontline for America’s Crypto Fraud Crackdown

Alabama: The Unlikely Frontline for America’s Crypto Fraud Crackdown

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Alabama: The Unlikely Frontline for America’s Crypto Fraud Crackdown “Of the states, I think we’ve got about 20 percent of all the active cease-and-desists.” That’s Greg Bordenkircher, the chief litigator at the Alabama Securities Commission, describing the extent to which his state, just the 24th largest by population, has nonetheless come to play a leading role in the ongoing fight against U.S. crypto fraud. “We’ve issued nine orders shutting down businesses that are advertising in Alabama,” he told CoinDesk. “We have another 20, 22 that we are looking at right now.” But Bordenkircher’s agency is hardly alone. As a member of the North American Securities Administrators Association (NASAA), it’s part of a coalition that’s been c
Bitcoin Cash Price Analysis: BCH/USD Tumbles, $220 Next?

Bitcoin Cash Price Analysis: BCH/USD Tumbles, $220 Next?

PRICE ANALYSIS
Please share if you find this article interesting. Bitcoin Cash Price Analysis: BCH/USD Tumbles, $220 Next? Key PointsBitcoin cash price declined heavily and traded below the $300 and $280 levels against the US Dollar.Yesterday’s highlighted key bearish trend line is intact with resistance at $315 on the hourly chart of the BCH/USD pair (data feed from Kraken).The pair is currently trading near the $250 level and it could decline further towards $220.Bitcoin cash price is under heavy selling pressure against the US Dollar. BCH/USD could continue to move down and it may test the $220 level in the near term.Bitcoin Cash Price AnalysisYesterday, we discussed how there was an increase in selling pressure below $300 in bitcoin cash price against the US Dollar. The BCH/USD pair decline