Thursday, April 25Your Daily Bitcoin & Altcoin News Portal

EDUCATION

Bitcoin Seeks Bargain Buyers As Price Retreats Back Toward $8K

Bitcoin Seeks Bargain Buyers As Price Retreats Back Toward $8K

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin Seeks Bargain Buyers As Price Retreats Back Toward $8K Bitcoin's (BTC) price has seen a $350 drop this morning from Tuesday's two-month highs and may be headed for a deeper correction, technical charts suggest. As of writing, the leading cryptocurrency is trading at $8,220 on Bitfinex down 3.5 percent from the high of $8,507 reached yesterday. The correction is not surprising and could be extended further as BTC's 40 percent rally from the seven-month low of $5,755 reached on June 24 is looking overstretched, as per the relative strength index (RSI). The short duration charts have also aligned in favor of a deeper correction. However, the bullish reversal has likely revved up investor interest in BTC. Hence, bargain hunt...
CryptoGirl
CoinDesk Releases Q2 2018 State of Blockchain Report

CoinDesk Releases Q2 2018 State of Blockchain Report

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. CoinDesk Releases Q2 2018 State of Blockchain Report To use crypto parlance, the second quarter was a painful time if you were HODLing – but a productive one if you were BUIDLing. That's perhaps the biggest takeaway from CoinDesk's State of Blockchain Q2 2018 report. For a second straight quarter, the major blockchains racked up negative market indicators. Most of these downtrends were around exchange activity, with volumes down for most trade pairs. Yet outside of exchange numbers, usage and developer work charged forward, with milestones achieved around both bitcoin and ethereum. Released today, the State of Blockchain report provides a 100+ slide analysis of industry news and data. It covers market interest in public blockchai
CryptoGirl
Indicator Suggests Bitcoin’s $8K Rally Is Overstretched

Indicator Suggests Bitcoin’s $8K Rally Is Overstretched

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Indicator Suggests Bitcoin's $8K Rally Is Overstretched Bitcoin (BTC) has had a bullish start to the week, but the momentum could wane in the next few days, technical studies indicate. The leading cryptocurrency rose to a two-month high of $8,130 on Bitfinex today, having witnessed an inverse head-and-shoulders breakout last week. The 39 percent rally from the seven-month low of $5,755 reached on June 24 has put the bulls back in a commanding position. Hence, further gains could be on the cards, albeit after a brief pause or a price pullback as a key technical indicator is flashing overbought conditions. At press time, BTC is changing hands at $8,100 on Bitfinex — up 40 percent from the seven-month low of $5,755 reached on June 2
CryptoGirl
Crypto Really (Really) Wants a Bitcoin ETF

Crypto Really (Really) Wants a Bitcoin ETF

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Crypto Really (Really) Wants a Bitcoin ETF The crypto universe has spoken: they want a bitcoin ETF and they want it now. As CoinDesk previously reported, the Securities and Exchange Commission (SEC) sought comments earlier this summer on the latest effort to get an exchange-traded fund tied to bitcoin approved and listed. That comments period is now closed, and the SEC is ostensibly going over the input it received – but what the agency ultimately decides is anyone's guess. These comments are just a snippet of the 250 that have been made in light of a proposed rule change that would, if approved, give permission to Cboe and blockchain technology firm SolidX to launch a regulated bitcoin ETF. Dubbed the VanEck SolidX Bitcoin Tr
CryptoGirl
Decentralized Exchanges Aren’t Living Up to Their Name – And Data Proves It

Decentralized Exchanges Aren’t Living Up to Their Name – And Data Proves It

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Decentralized Exchanges Aren't Living Up to Their Name – And Data Proves It Some say a "decentralized exchange" is an oxymoron. Perhaps not, but for now it's not much more than an aspiration. Over the past year, dozens of cryptocurrency trading platforms have marketed themselves as decentralized exchanges. While models vary, the term implies they allow users to trade on a peer-to-peer basis, and more importantly, without using a platform operated by a single entity. The main selling point is that unlike today's better-known crypto trading platforms (think Coinbase, Kraken or Binance), a decentralized exchange shouldn't require traders to store their money with a third party that can be hacked. Yet while "DEX" has been a hot buzzw
CryptoGirl
Bitcoin Price Hits Two-Month High as Dominance Rate Spikes

Bitcoin Price Hits Two-Month High as Dominance Rate Spikes

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin Price Hits Two-Month High as Dominance Rate Spikes Bitcoin's (BTC) price clocked a two-month high of $7,820 today and looks set to extend gains further, a key cryptomarket gauge indicates. CoinMarketCap's bitcoin dominance rate, an indicator that tracks the percent of the total cryptocurrency market capitalization contributed by the leading cryptocurrency, rose to 46 percent today — the highest level since December 20, adding credence to BTC's 20 percent rally seen in the last seven days. To start with, a rise in the BTC dominance rate essentially means the premiere cryptocurrency is more in demand compared to the alternative cryptocurrencies. The above chart shows: The BTC dominance rate has increased from 40.5 percent
CryptoGirl
Bitcoin’s Price Sets Sights on $8K After Sunday Sell-off

Bitcoin’s Price Sets Sights on $8K After Sunday Sell-off

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin's Price Sets Sights on $8K After Sunday Sell-off Bitcoin's price continues to hold ground amid a market sell-off, with growing momentum building to take out its next target of $8,000. The world's largest cryptocurrency by market capitalization fell 3 percent over the weekend, hitting $7,333, according to Bitfinex data, after a quick sell-off from investors dragged down market prices. As it turns out, bitcoin is slowly regaining and consolidating its losses to stand at $7,637.38 as of press time. The crypto shows strong signs of a steady recovery to retest the upper resistances found at $7,575 and $7,694 (the market's previous close and the previous high). The previous exponential moving average (EMA) bull cross, last se...
CryptoGirl
Mastercard Had An Outage, So Crypto Had a Field Day

Mastercard Had An Outage, So Crypto Had a Field Day

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Mastercard Had An Outage, So Crypto Had a Field Day Payments giant Mastercard suffered a severe outage last week that led to a hold-up in transactions. As reported on July 12 by the Financial Times, it had a global impact, sparking a round of complaints from the payment firm's customer base. As might be expected, those affected quickly took to social media to voice their frustration with the credit card giant, which eventually was able to resolve the situation and resume service for its customers. In most cases, that would have been the end of the story. This time, however, Crypto Twitter took notice, and that made all the difference for what was likely a hectic day for the credit card giant's press team. In fact, the company's
CryptoGirl
Crypto Trading 101: Stochastic Oscillators and Price Momentum

Crypto Trading 101: Stochastic Oscillators and Price Momentum

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Crypto Trading 101: Stochastic Oscillators and Price Momentum You may have heard of a lagging or leading indicator before. Maybe your friends have tossed around terms like bullish or bearish divergences, oversold or overbought conditions and what signals you should use to enter or exit the market. While there are many tools that can assist with this, one often overlooked indicator is called the stochastic oscillator. Nothing unique to the world of blockchain, the stochastic is a momentum indicator that compares the closing price of the asset with its high-low range over a certain period of time, it's a handy tool. Even better, it works no matter the volatility, even in the fast-moving market for cryptocurrencies. First, the parti...
CryptoGirl
Crypto Trading 101: Bull and Bear Flags (And What They Mean for Price)

Crypto Trading 101: Bull and Bear Flags (And What They Mean for Price)

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Crypto Trading 101: Bull and Bear Flags (And What They Mean for Price) When it comes to making big money in trading, the trend is your friend. But spotting the trend when it is in the nascent stage is challenging, and running along with it right up to the top is an even bigger challenge. That's because asset prices rarely see a 90-degree rally or collapse. More often than not, trends (bullish/bearish) will pause briefly to allow traders or investors who missed the initial move (higher or lower) to join the bandwagon. If the participation increases, the asset price extends the bull or bear run, or else a trend reversal may occur. Continuation patterns A trader can spot trend extensions with the help of bullish or bearish continuat