Please share if you find this article interesting. Dash Cryptocurrency Builds Base After Setting Record Above $500 Dash is seeking direction after hitting new highs. After reaching a new record above $500 on Sunday, the sixth-largest cryptocurrency by market capitalization fell back to near $350 today before regaining poise above the $400 mark. As of writing, the dash-U.S. dollar (DASH/USD) exchange rate is $403. As per CoinMarketCap, the cryptocurrency is up 4.58 percent over the last 24 hours, and 48 percent in the last month. The record rally seen over the weekend is reportedly due to the flow of money out of bitcoin and into alternative cryptocurrencies triggered by last week's suspension of the Segwit2x hard fork. Following the last-minute move to halt a controversial bitcoi
Please share if you find this article interesting. Recovery In Doubt? Bitcoin Price May Not Sustain Above $6,500 Bitcoin is in recovery mode today. As of writing, the bitcoin-U.S. dollar (BTC/USD) exchange rate is at $6,523, having reached a high of $6,559 so far. As per CoinMarketCap, the cryptocurrency has gained 3.54 percent in the last 24 hours. Chart analysis indicates that BTC has retraced 38.2 percent of the sell-off from Nov. 8 high to Nov. 12 low. Prices hit a 2.5 week low near $5,500 on Sunday – a near 30 percent sell-off from last week's record highs that was triggered by the suspension of the Segwit2x hard fork, a software upgrade that might have brought a transactional boost for the cryptocurrency. Investors had reportedly begun moving funds across to bitcoin cash (B
Please share if you find this article interesting. Flimsy Floor? Bitcoin Charts Suggest Price Declines Still in Play The price of bitcoin appears to be stabilizing. Amid what has been a wild weekend in the crypto markets, BTC is now down just 5 percent in the last 24 hours to a value of $6,102. Yet, that number doesn't tell the whole story, as the cryptocurrency has been in the midst of heavy volatility after hitting a near three-week low below $5,600 earlier today. As the charts show, the record rally from the September lows below $3,000 now appears to have topped out at $7,850 last week following a decision to abandon the software upgrade triggered an unwinding of trading positions. The move appears to be sparking a migration of funds to alternative protocols, with bitcoin cash
Please share if you find this article interesting. Confusion and Euphoria As Bitcoin Cash Surges Past $30 Billion "BITCOIN CASH IS BITCOIN NOW." Issued by Li Ang, head of China-based bitcoin mining outfit Canoe Pool, the proclamation may not be distinguishable from typical cryptocurrency banter. However, the difference this time around is the context. No idle statement, Ang's comment comes amid what can only be characterized as one of the biggest migrations of capital yet seen in the nascent asset class. Billions are on the move in the crypto markets, and it's plainly observable where the funds are headed. After hitting a record high above $800 on Friday, the price of bitcoin cash, the alternative cryptocurrency forked from the bitcoin blockchain in August, has doubled within 24 ...
Please share if you find this article interesting. '2x' Boost? Bitcoin Cash Closes on Record High Bitcoin cash is on fire today. As per CoinMarketCap data, the bitcoin cash-U.S. dollar (BCH/USD) exchange rate rose to a three-month high of $872.24 at 11:29 UTC. The cryptocurrency's record all-time high of $920 was set on Aug. 19. As of writing, the cryptocurrency is trading at $800, and has climbed 27 percent over the last 24 hours. On a monthly basis, BCH is now up a staggering 150 percent. The gains come amid rising speculation that the surprise cancellation of the Segwit2x hard fork this week means bitcoin may become more of "store of value" than a specialized protocol for day-to-day payments. So far, the news appears to have strengthened the appeal of alternatives seeking to
Please share if you find this article interesting. Bull Grip Weakens As Bitcoin Price Breaks Below $7,000 Bitcoin remains on the back foot ahead of the weekend. According to Coindesk's Bitcoin Price Index, the number one cryptocurrency by total network value fell below $7,000 at 11:25 UTC this morning and hit an eight-day low of$6,793. A minor bid wave seen during the Asian session today quickly ran out of steam above $7,300. At press time, the bitcoin-U.S. dollar (BTC/USD) exchange rate is trading at $6,799 levels. As per data from CoinMarketCap, bitcoin has dropped 4.76 percent in the last 24 hours. Following the setting of a new record high of $7,879 Wednesday, the bull grip now looks to be weakening – likely due to the rotation of money out of bitcoin and into alternative cur
Please share if you find this article interesting. Ether Shrugs Off Parity Concerns As Price Climbs to Three-Week High The price of ether, ethereum's native token, is gaining altitude today. At press time, the ether-U.S. dollar (ETH/USD) exchange rate is at $322. As per CoinMarketCap, ether has gained 6.8 percent in the last 24 hours. Week-on-week, the cryptocurrency is up 11.92 percent, while on a monthly basis, it is carrying 5.6 percent gain. The rise indicates that ether could be finally putting an end to a near three-week-long consolidation that saw prices restricted to a trading range of $280–$312. The rally is perhaps surprising news, since it arrives when ethereum is considering a possible system-wide software update following a serious vulnerability arising with the Pari
Please share if you find this article interesting. 'Segwit2x Rally' Unwinds? Bitcoin Looks Heavy As Fork Boost Fades Bitcoin is feeling the pull of the gravity today. The world's largest cryptocurrency rose to new record highs yesterday, rallying to $7,848.31 on CoinDesk's Bitcoin Price Index (BPI) before falling to a low of $7,058 today. As of writing, the bitcoin-US dollar (BTC/USD) exchange rate is trading at $7,253.50. BTC began losing altitude soon after the markets were alerted that a controversial software update, known as Segwit2x, had officially been suspended. The software, which would have required a fork of the blockchain, had attracted a lot of attention in the media, and rightly so, as it could have led to chain split and the creation of free assets for BTC holders.
Please share if you find this article interesting. Short-Lived Rebound? Bitcoin Struggles to Retake $7,200 Bitcoin traders seem a touch tentative today. At press time, the bitcoin-U.S. dollar (BTC/USD) exchange rate is at $7,200 levels. BTC prices dropped to a four-day low below $6,950 yesterday before regaining poise, although the 5-day moving average (located above $7,200) is proving tough to crack. So has the pullback run out of steam? Comments on social media indicate that, while some traders see the potential for a healthy correction to $6,500, others predict the market is likely to stay volatile ahead of the expected Segwit2x hard fork. The odds seem high that the pullback has legs, given that the sell-off on Monday was backed by a 30 percent surge in volumes. A high-volume
Please share if you find this article interesting. Ethereum Classic Snaps Slump as Price Hits Eight-Week High Ethereum classic rose to eight-week high today – its highest level since Sep. 9. At press time, the fork of the etheruem blockchain is trading at around $15.00. As per CoinMarketCap, the ninth largest cryptocurrency by market capitalization has gained 16.90 percent in the last 24 hours. Week-on-week, ETC is up 38.88 percent, while on a monthly basis, it is carrying 21.68 percent gains. Volume figures show the rally has been in part fueled by Korean exchanges offering trading in ethereum classic to South Korean won (ETC/KRW) pairs. As per CoinMarketCap, trading volumes on Bithumb, one of the largest cryptocurrency exchanges in South Korea, have jumped by 53.52 percent over