Tuesday, November 13Your Daily Bitcoin & Altcoin News Portal

Author: Wealthy Miner

NEM Price Climbs to 9-Week High As Coincheck Brings Back Trading

NEM Price Climbs to 9-Week High As Coincheck Brings Back Trading

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. NEM Price Climbs to 9-Week High As Coincheck Brings Back Trading New Economy Movement (NEM) hit a nine-week price high on Monday despite a neutrally toned cryptocurrency market. That market development coincided with a more than three-month high in 24-hour trading volume the same day, according to data collected by CoinDesk. The world's 17th largest cryptocurrency by market capitalization rose to $0.114 at 09:15 UTC – its highest price since Sept. 5, while accumulating more than $45.6 million in 24-hour trading volume. That latter figure represents the most volume since July 29, according to CoinMarketCap. It's worth noting that NEM's price jumped to a peak 25 percent amid news that trading of the token is being re-enabled on Tok
Bitcoin Teases Bull Move After Defense of Key Price Support

Bitcoin Teases Bull Move After Defense of Key Price Support

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin Teases Bull Move After Defense of Key Price Support Bitcoin could be in for a recovery rally, having defended a key support level over the weekend. Looking back, the leading cryptocurrency suffered an ascending channel breakdown on Nov. 7, signaling a temporary top has been made at $6,540. On the following day, the moving average studies rolled over in favor of the bears, bolstering the already negative technical setup. As a result, BTC was expected to beat the support of the trendline connecting the Oct. 11 low and Oct. 31 low and drop to $6,200 over the weekend. Instead, it carved out a higher low (bullish pattern) at $6,270 yesterday. More importantly, the bears failed to secure a sustained break below that rising tren
Crypto Token Airdrops Are a Marketing Ploy (and That’s OK)

Crypto Token Airdrops Are a Marketing Ploy (and That’s OK)

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Crypto Token Airdrops Are a Marketing Ploy (and That's OK) Michael J. Casey is the chairman of CoinDesk's advisory board and a senior advisor for blockchain research at MIT's Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. In February 2014, when growing interest in bitcoin spawned the first wave of "altcoins," the tiny country of Iceland played host to a new idea for achieving mass adoption. A developer using the pseudonym Baldur Friggjar Odinsson, vowing to help his 330,000 countrymen escape six years of post-crisis capital controls, created auroracoin and promised to distribute 31.8 of them to each perso...
Bitcoin Price Watch: BTC/USD Targets Fresh Weekly Lows

Bitcoin Price Watch: BTC/USD Targets Fresh Weekly Lows

PRICE ANALYSIS
Please share if you find this article interesting. Bitcoin Price Watch: BTC/USD Targets Fresh Weekly Lows Key PointsBitcoin price declined recently below the $6,300 support before correcting higher against the US Dollar.There was a break above a connecting bearish trend line with resistance at $6,360 on the hourly chart of the BTC/USD pair (data feed from Kraken).The price is struggling to break the $6,380 resistance and the 100 hourly simple moving average.Bitcoin price is trading in a bearish zone below $6,400 against the US Dollar. BTC/USD could decline further towards the $6,250 or $6,220 level in the near term.Bitcoin Price AnalysisAfter trading as high as $6,553, bitcoin price started a major downside correction against the US Dollar. The BTC/USD pair traded below the $6,44...
Cardano Price Analysis: ADA/USD Could Resume Gains Above $0.080

Cardano Price Analysis: ADA/USD Could Resume Gains Above $0.080

PRICE ANALYSIS
Please share if you find this article interesting. Cardano Price Analysis: ADA/USD Could Resume Gains Above $0.080 Key HighlightsADA price corrected lower recently and tested the $0.0738 support area against the US Dollar (tethered).There is a major bullish trend line formed with support at $0.0755 on the hourly chart of the ADA/USD pair (data feed via Bittrex).The pair is likely to climb higher once again above the $0.0780 resistance in the near term.Cardano price is holding key supports against the US Dollar and Bitcoin. ADA/USD could break the $0.0780 resistance as long as it is above $0.0735.Cardano Price AnalysisAfter trading above $0.0820 level, cardano price started a downside correction against the US Dollar. The ADA/USD pair moved down and broke the $0.0800 support. Ther...
Ripple Price Analysis: XRP/USD Could Recover Above $0.5200

Ripple Price Analysis: XRP/USD Could Recover Above $0.5200

PRICE ANALYSIS
Please share if you find this article interesting. Ripple Price Analysis: XRP/USD Could Recover Above $0.5200 Key HighlightsRipple price extended slides recently, but it found support near $0.4860 against the US dollar.There was a break above a key bearish trend line with resistance at $0.5050 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair is currently trading above $0.5000 and it could recover above $0.5200 in the near term.Ripple price is slowly recovering against the US Dollar and Bitcoin. XRP/USD is positioned nicely for more upsides towards the $0.5200 or $0.5280 levels.Ripple Price AnalysisThere was a major downside correction from the $0.5600 swing high in ripple price against the US Dollar. The XRP/USD pair declined below the $0.5400 and $0.520...
Ethereum Price Analysis: ETH/USD Bullish Above $214

Ethereum Price Analysis: ETH/USD Bullish Above $214

PRICE ANALYSIS
Please share if you find this article interesting. Ethereum Price Analysis: ETH/USD Bullish Above $214 Key HighlightsETH price found a strong support near the $206 level and recovered against the US Dollar.There was a break above a connecting bearish trend line with resistance at $209 on the hourly chart of ETH/USD (data feed via Kraken).The pair is currently moving higher towards the $212 and $214 resistance levels in the near term.Ethereum price is trading in a range against the US Dollar and bitcoin. ETH/USD must move above the $214 resistance to start a solid upward move.Ethereum Price AnalysisThere were a few bearish moves below the $215 and $210 levels in ETH price against the US Dollar. The ETH/USD pair tested the $206 support level on two occasions. However, buyers were s...
Bitcoin Cash Price Analysis: BCH/USD Extending Losses Towards $500

Bitcoin Cash Price Analysis: BCH/USD Extending Losses Towards $500

PRICE ANALYSIS
Please share if you find this article interesting. Bitcoin Cash Price Analysis: BCH/USD Extending Losses Towards $500 Key PointsBitcoin cash price failed to recover above $550 and declined recently against the US Dollar.There is a crucial bearish trend line formed with resistance at $535 on the hourly chart of the BCH/USD pair (data feed from Kraken).The pair is likely to remain in a bearish zone and it could slide towards the $500 support.Bitcoin cash price is under pressure below $550 against the US Dollar. BCH/USD could accelerate losses towards the $500 and $480 support levels.Bitcoin Cash Price AnalysisThere was a slow and steady decline initiated from well above $600 in bitcoin cash price against the US Dollar. The BCH/USD pair broke the $580 and $550 support levels to move...
Bitcoin Price Analysis: BTC/USD Increasing Demand ahead of BCH Hard Fork

Bitcoin Price Analysis: BTC/USD Increasing Demand ahead of BCH Hard Fork

PRICE ANALYSIS
Please share if you find this article interesting. Bitcoin Price Analysis: BTC/USD Increasing Demand ahead of BCH Hard Fork Aside from regulatory involvement, uncertainty in other blockchains often draws demand for Bitcoin as a store of value. It did happen before and three days before Bitcoin Cash software upgrade, capital could flow into Bitcoin lifting prices above $6,600 igniting short term bulls aiming for $7,200.Latest Bitcoin NewsStill, Bitcoin Cash is one of the most fluid and valuable coin in the space. Though hash rates and decentralization levels pale in comparison with those of Bitcoin, it is still important to track its development. On Nov 15, a software upgrade could turn chaotic as the chain fork once more—to Bitcoin Cash SV or to Bitcoin Cash ABC. This is free cas
XLM/USD, ADA/USD Gains Setting Pace for Inevitable Altcoin Price Recovery

XLM/USD, ADA/USD Gains Setting Pace for Inevitable Altcoin Price Recovery

PRICE ANALYSIS
Please share if you find this article interesting. XLM/USD, ADA/USD Gains Setting Pace for Inevitable Altcoin Price Recovery Even with ball park +75 percent losses from 2017 highs, the altcoin market is ripe for a reversal as XLM/USD and ADA/USD reject lower lows. Meanwhile, EOS/USD and LTC/USD are near important support levels and today could determine short term price trajectory.Let’s have a look at these charts:EOS/USD Price AnalysisBack to back losses mean none of our trade conditions are live. However, a glance at the chart indicate that sellers are in charge and could drive prices below $5 triggering aggressive sellers into action aiming at $4. Anyhow, from previous EOS/USD trade plans we shall maintain a neutral stand until prices either surge above $7 or below $5 or $4—fo