Thursday, September 20Your Daily Bitcoin & Altcoin News Portal

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Messaging Giant LINE Unveils Ambitious Plan for Crypto Token Ecosystem

Messaging Giant LINE Unveils Ambitious Plan for Crypto Token Ecosystem

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Messaging Giant LINE Unveils Ambitious Plan for Crypto Token Ecosystem LINE, the messaging app giant from Japan, has unveiled plans that will see it launch an ambitious, token-powered ecosystem by the end of 2018. Aimed at capitalizing on the company's big user base – LINE claims to have more than 160 million monthly active users – the plan is centered around its previously announced LINK token. Supported by a $10 million venture fund and a newly-launched cryptocurrency exchange, LINE has already said that its initiative will focus heavily on the development of decentralized apps, or dApps, that are tied to the LINK blockchain. The plan, as a whole, represents one of the more notable enterprise-level efforts of 2018 to apply bloc
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Bitcoin’s Price Swings to Nearly $6,500 in Volatile Trading Hour

Bitcoin’s Price Swings to Nearly $6,500 in Volatile Trading Hour

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Please share if you find this article interesting. Bitcoin's Price Swings to Nearly $6,500 in Volatile Trading Hour Bitcoin's volatility was on full display on Wednesday when its price fell from $6,300 to $6,100 before shooting up to $6,500 – all within an hour's time. As of press time, the world's largest cryptocurrency by market capitalization was trading at $6,422, up 5 percent from the day's low of $6,117. The market did not waste time making its bullish move, scaling over 6 percent in less than 20 minutes to ultimately hit a high of $6,494, according to CoinDesk's Bitcoin Price Index (BPI). Coincidentally, the move occurred within just minutes of a CBOE Bitcoin Futures expiration. Bitcoin futures expirations have been documented as having a turbulent effect on the price of
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Bitcoin Price Lacks Direction After Defense of $6,200

Bitcoin Price Lacks Direction After Defense of $6,200

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Please share if you find this article interesting. Bitcoin Price Lacks Direction After Defense of $6,200 Bitcoin (BTC) is trapped in a no man's land between $6,200 and $6,600, technical charts indicate. A bear flag breakdown witnessed Monday was expected to yield a drop to $6,000 (February low), but bitcoin's resilience spoiled the bear party. The leading cryptocurrency bounced off trendline support at $6,202 on the same day and has since risen back above $6,350, neutralizing the immediate bearish outlook. At press time, BTC is changing hands at $6,320 on Bitfinex – up 1.23 percent on the day. While BTC's defense of the trendline support is encouraging, a bearish-to-bullish trend change would be confirmed only after BTC has moved above the Sept. 14 high of $6,600. Daily chart
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XRP Price Bucks Bearish Market Mood to Hit 13-Day High

XRP Price Bucks Bearish Market Mood to Hit 13-Day High

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Please share if you find this article interesting. XRP Price Bucks Bearish Market Mood to Hit 13-Day High XRP is reporting double-digit gains today, despite a generally bearish mood across the wider crypto markets. The open-source token – which is developed largely by blockchain payments startup Ripple – was changing hands at $0.3251 at press time, having hit a 13-day high of $0.3241 at 14:00 UTC. The world's third-largest cryptocurrency by market capitalization has appreciated by 17 percent in the last 24 hours and is the second best-performing cryptocurrency among top 100 cryptocurrencies on CoinMarketCap. A major part of the rally, though, materialized in the couple of hours before publication – a surprising move, as the broader market is looking very risk averse. For instance
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Bitcoin Price Outlook Worsens After Drop to Five-Day Lows

Bitcoin Price Outlook Worsens After Drop to Five-Day Lows

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Please share if you find this article interesting. Bitcoin Price Outlook Worsens After Drop to Five-Day Lows Bitcoin's (BTC) drop to five-day lows on Monday has likely emboldened the bears, technical studies indicate. The leading cryptocurrency traded in a sideways manner over the weekend, neutralizing the immediate bullish outlook. However, the consolidation was expected to end with an upside break, as the short-term moving averages (MAs) turned bullish on Saturday, adding credence to positive relative strength index divergence (RSI). Instead, BTC dived out of the trading range in the US session yesterday and fell to a low of $6,203 – the lowest level since Sept. 12 – indicating the corrective rally from the recent lows near $6,100 has likely ended at Friday's high of $6,600. Mo
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Ether Just Erased Half of Last Week’s 35% Rally

Ether Just Erased Half of Last Week’s 35% Rally

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Please share if you find this article interesting. Ether Just Erased Half of Last Week's 35% Rally The price of ether (ETH), the world's second-largest cryptocurrency by market capitalization, sank nearly $30 today, effectively erasing half of the 35 percent rally recorded last week. At press time, ETH is trading across exchanges at an average price of $196 - down $28 and 11 percent on a 24-hour basis, according to CoinDesk's Ether Price Index (EPI). The development came after what was a record-setting week for the cryptocurrency when it recorded its highest daily trading volume in over 12 months, most of which came from buyers. The surge in investor interest helped fuel a more than 35 percent rally in price from its weekly low of $167 set on September 12, to a high of $228 reco...
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$6,550: Bitcoin Charts Suggest New Target for Price Rally

$6,550: Bitcoin Charts Suggest New Target for Price Rally

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Please share if you find this article interesting. $6,550: Bitcoin Charts Suggest New Target for Price Rally The corrective rally in bitcoin (BTC) could gather momentum if key resistance above $6,500 is crossed on the back of high volumes, according to technical charts. The leading cryptocurrency witnessed a symmetrical triangle breakout last week, opening doors for a stronger corrective rally towards $6,800–$7,000. However, despite the bullish setup, BTC was rejected near $6,600 on Friday and spent the weekend trading in a sideways manner in the range of $6,350–$6,550. As a result, the immediate bullish outlook has been neutralized. Further, trading volumes fell to a two-month low of $3.22 billion on Saturday, putting a question mark on the sustainability of the recovery from th
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Tezos Token Makes Gains in Approach to Official Launch

Tezos Token Makes Gains in Approach to Official Launch

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Please share if you find this article interesting. Tezos Token Makes Gains in Approach to Official Launch The price of XTZ, the native token of the Tezos crypto project, rose 30 percent over the weekend in anticipation of the network's official launch Monday. At press time, XTZ is trading at $1.55, having clocked a 5.5-week high of $1.75 at 13:10 UTC on Saturday. At that point, XTZ was up 35 percent from Friday's low of $1.29, according to CoinMarketCap data. The cryptocurrency picked up a strong bid on Friday after the developers tweeted that Tezos' mainnet arrives on Sept. 17. In fact, the mainnet has been live in beta since late June with tokens tradeable on some exchanges. Notably, trading volumes also jumped 169 percent on Friday to a nine-week high of $5.13 million, marking
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Ether Records Highest Daily Trading Volume in 12 Months

Ether Records Highest Daily Trading Volume in 12 Months

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Please share if you find this article interesting. Ether Records Highest Daily Trading Volume in 12 Months Daily trading volume for ethereum's ether (ETH) token hit a 12-month high on Thursday. The second-largest cryptocurrency witnessed a 24-hour trading volume of $850,000 yesterday – the highest level since September 15, according to Bitfinex data.  Further, the current weekly volume of $2.9 million is the highest since mid-December. Meanwhile, 24-hour trading volume across all exchanges currently stands at $2.33 billion, the highest level since July 18, according to CoinMarketCap. ETH daily trading volume on Bitfinex The sharp rise in trading volume indicates the investors have likely bought the recent dip in ETH below $200. Hence, the recovery from the 13-month low of $167
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Bitcoin Price Takes a $200 Tumble After Eight-Day Highs

Bitcoin Price Takes a $200 Tumble After Eight-Day Highs

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Please share if you find this article interesting. Bitcoin Price Takes a $200 Tumble After Eight-Day Highs Having dropped back from eight-day highs hit this morning, bitcoin (BTC) price could be in for a bout of consolidation before further upside unfolds. The cryptocurrency rose to $6,596 earlier today on Bitfinex – the highest level since Sep. 6 – adding credence to the short-term bullish reversal signaled by the symmetrical triangle breakout earlier this week. However, despite the strengthening bullish case, BTC quickly lost around $200 soon before press time. As if writing, BTC is changing hands at $6,450, having printed an intraday low of $6,355 a few minutes ago. While the sudden price pullback could force investors to question the sustainability of the corrective rally, th