Saturday, May 25Your Daily Bitcoin & Altcoin News Portal

CURRENT EVENTS

Bitcoin Price Is Defending One Key Support for the Fifth Month Running

Bitcoin Price Is Defending One Key Support for the Fifth Month Running

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin Price Is Defending One Key Support for the Fifth Month Running Bitcoin (BTC) is defending a key long-term price floor as it recovers from Friday's three-week lows near $6,200. After a strong bearish move last Thursday, the leading cryptocurrency looked set to pierce the 21-day exponential moving average (EMA), which has been serving as a strong support since June. However, yesterday's rally to over $6,800 ensured that the crucial EMA support remains intact. At press time, BTC is changing hands at $6,730 on Bitfinex, having clocked a high of $7,788 yesterday. Meanwhile, the 21-month EMA is located at $6,160. The argument that the bear market has likely run its course remains valid as long as prices are trading above the 21...
CryptoGirl
Do These Indicators Suggest a Bitcoin Price Rally Early in 2019?

Do These Indicators Suggest a Bitcoin Price Rally Early in 2019?

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Do These Indicators Suggest a Bitcoin Price Rally Early in 2019? Bitcoin (BTC), the world's largest cryptocurrency by market capitalization has enjoyed a staggering price increase in excess of 150,000 percent since it was first listed on exchanges back in July 2010. Since then, the cryptocurrency has also experienced multiple bull runs, bear runs (the longest of which consumed much of 2014 and 2015) and stronger media attention year on year. From a technical perspective, the relationship BTC has with traditional charting patterns is occasionally counter-intuitive to what one would normally expect. Take, for example, the descending triangle which is typically bearish in nature. While it does contain the prospect for breaking eith...
CryptoGirl
Bitcoin Price Spikes But Bull Reversal Is Still $1K Away

Bitcoin Price Spikes But Bull Reversal Is Still $1K Away

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin Price Spikes But Bull Reversal Is Still $1K Away Bitcoin (BTC) spiked to multi-month highs Monday likely due to a sell-off in tether (USDT), but a bullish reversal is still not confirmed, technical charts indicate. The leading cryptocurrency jumped to a 2.5-month high of $7,788 at 06:45 UTC on Bitfinex – the cryptocurrency exchange, which manages Tether LLC, the firm that developed the USDT token. Interestingly, the stablecoin USDT was down 2 percent just before BTC picked up a bid at 05:00 UTC and fell further to an 18-month low of $0.925284 at 07:00 UTC, as per CoinMarketCap. Investors seem to have moved money out of USDT and into bitcoin and other cryptocurrencies on a fresh round of doubts over whether the stablecoin
CryptoGirl
Price of Tether Stablecoin Tanks to 18-Month Low

Price of Tether Stablecoin Tanks to 18-Month Low

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Price of Tether Stablecoin Tanks to 18-Month Low The price of the tether stablecoin (USDT) has fallen to an 18-month low Monday, despite a general rise in the wider crypto markets. The tether-US dollar exchange rate (USDT/USD) fell to $0.925284 at 07:00 UTC  – the lowest level since April 27, 2017 – and was last seen trading at $0.967296, representing a 2 percent drop on a 24-hour basis, according to CoinMarketCap. The slide in the USDT price has pushed up the premium carried by bitcoin (BTC) prices on the Bitfinex exchange above $600. As of writing, bitcoin is trading at an average of $6,617 across global exchanges, according to CoinDesk's Bitcoin Price Index (BPI), having clocked a 5.5-week high of $6,960 earlier today. Howeve
CryptoGirl
Bitcoin Price Jumps by $600 to Reach One-Month High Above $6.9k

Bitcoin Price Jumps by $600 to Reach One-Month High Above $6.9k

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin Price Jumps by $600 to Reach One-Month High Above $6.9k Bitcoin, the world's largest cryptocurrency by market capitalization, jumped by 11 percent on Monday, pushing its prices above $6,900 for the first time in a month. CoinDesk's bitcoin price index shows that just after 5:00 UTC on Monday, bitcoin's price saw a sudden jump by $400 over the course of 60 minutes, pushing the price momentum to further reach as high as $6,960 at 6:45 UTC – a level not seen since Sept. 6. As of press time, bitcoin's price has dropped back slightly to around $6,800. Meanwhile, the overall cryptocurrency market has also seen a similar rebound roughly at the same time. According to data from CoinMarkCap, the total crypto market capitalizatio
CryptoGirl
Not So Safe Haven? Signs Suggest Bitcoin Might Still Be a Risk Asset

Not So Safe Haven? Signs Suggest Bitcoin Might Still Be a Risk Asset

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Not So Safe Haven? Signs Suggest Bitcoin Might Still Be a Risk Asset Volatile price swings and plummeting valuations have been a reality for bitcoin investors of late, but those who own traditional equities haven't been immune either. In fact, bitcoin and the S&P have correlated on and off for almost a year, each taking turns as the leading indicator. Bitcoin, the cryptocurrency advertised as digital gold due to its difficult means of production and limited supply, is expected by some to act as a "safe haven asset," one that rises or remains stable in times of economic turmoil (just as its metal companion traditionally has). To date, though, rarely has that been the case. Since Oct. 10, both bitcoin and equities markets have take...
CryptoGirl
3 More Bitcoin Price Factors Suggest Bears Are in Charge

3 More Bitcoin Price Factors Suggest Bears Are in Charge

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. 3 More Bitcoin Price Factors Suggest Bears Are in Charge After Thursday's range breakdown, the prospects of a deeper drop in BTC prices have increased, the price-volume analysis indicates. The leading cryptocurrency, which had been trading sideways since Sept. 22, fell sharply to a three-week low of $6,220 on Bitfinex yesterday, confirming a range breakdown. The technical indicators on the daily chart also turned bearish, validating a negative moving average crossover on the long duration charts, as discussed yesterday. Essentially, bears regained control 24 hours ago, opening the doors to the key support of $6,000. Furthermore, the bearish case is now looking stronger than it did 24 hours ago due to these three factors: BTC bre...
CryptoGirl
EOS’ Grand Governance Experiment Has a New Enemy: China’s Great Firewall

EOS’ Grand Governance Experiment Has a New Enemy: China’s Great Firewall

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. EOS' Grand Governance Experiment Has a New Enemy: China's Great Firewall Distributed though it may be, the EOS community has fought hard to remain united. As of June, two rival groups were briefly in competition to launch the official EOS blockchain (or mainnet) using code released by the company behind the protocol, Block.One. The standoff was resolved, and the EOS community launched a unified network later that month. However, in the time since, another rift has emerged, an East-West divide being made worse by a language barrier between Mandarin and English-speaking members, as well as differences in internet availability. Namely, Chinese internet controls – commonly known as the "Great Firewall" – make it difficult for those i
CryptoGirl
Coinbase Adds Its First Ethereum Token to Professional Trading Platform

Coinbase Adds Its First Ethereum Token to Professional Trading Platform

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Coinbase Adds Its First Ethereum Token to Professional Trading Platform Crypto exchange startup Coinbase is adding the 0x protocol token to its professional trading platform, Coinbase Pro. Announced Thursday, the exchange said in a blog post that it had begun accepting deposits for ZRX, and would enable trading around 5:00 A.M. UTC, or after at least 12 hours after the initial announcement. The move represents the first time the platform has added support for an ERC-20 token that runs on the ethereum network. "Once sufficient liquidity is established, trading will begin on the ZRX/USD, ZRX/EUR and ZRX/BTC order books. ZRX trading will be accessible for users in most jurisdictions, but will not initially be available for residents...
CryptoGirl
4 Reasons Why Bitcoin’s Price Could Now Drop to $6K

4 Reasons Why Bitcoin’s Price Could Now Drop to $6K

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. 4 Reasons Why Bitcoin's Price Could Now Drop to $6K Bitcoin's drop to three-week lows today has likely kick-started a bearish move towards the major support at $6,000, technical charts indicate. The leading cryptocurrency fell to $6,252 at 7:15 UTC on Bitfinex – the lowest level since Sept. 19 – and was last seen trading at $6,300, representing a 5-percent drop on a 24-hour basis. The failure to capitalize on Monday's move above the crucial 10-week exponential moving average (EMA) resistance of $6,998, despite the upside break of a key falling trendline, ended up emboldening the bears, as expected. More importantly, the sell-off witnessed in the last few hours has put an end to a prolonged period of lateral trading. The technical