Sunday, September 23Your Daily Bitcoin & Altcoin News Portal

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Crypto Trading 101: The Moving Average Convergence Divergence

Crypto Trading 101: The Moving Average Convergence Divergence

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Crypto Trading 101: The Moving Average Convergence Divergence Simple trading methods like the trend-following approach work best when trading cryptocurrencies or financial markets in general. While several technical indicators help identify changes in the strength, momentum, and duration of a trend, none are simpler and more widely used than the Moving Average Convergence Divergence (MACD). By definition, the MACD "turns two trend-following indicators, moving averages, into a momentum oscillator by subtracting the longer moving average from the shorter moving average." Since the MACD is a "trend following" or "lagging" indicator, it trails pricing events that have already happened in order to gauge the strength of the current tre...
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XRP Shot Up 75% During Friday’s Bullish Trading Session

XRP Shot Up 75% During Friday’s Bullish Trading Session

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Please share if you find this article interesting. XRP Shot Up 75% During Friday's Bullish Trading Session The price of XRP spiked as high as 75 percent above its opening price at one point during Friday's trading session amidst a broader market bull parade. At roughly 14:45 UTC, the price of XRP rose to a peak of $0.77 - representing a 75 percent increase from its opening price of $0.45, according to CoinDesk's XRP Price Index (XPI). For several hours, the surge in investor interest was enough for the cryptocurrency to briefly dethrone ether (ETH) as the world's second largest cryptocurrency by market capitalization. At the time, XRP's market capitalization was north of $23 billion,  its highest level since June 10th. At press time, XRP has since cooled off to the price of rough
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$6,700: Bitcoin Price Charts Bullish Reversal as Altcoins Surge

$6,700: Bitcoin Price Charts Bullish Reversal as Altcoins Surge

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Please share if you find this article interesting. $6,700: Bitcoin Price Charts Bullish Reversal as Altcoins Surge Bitcoin (BTC) has taken a bullish turn over the last 24 hours, as sharp gains are also seen across a number of alternative cryptocurrencies (altcoins). As of writing, the leading cryptocurrency is trading at $6,700 on Bitfinex – up 4.6 percent on a 24-hour basis – having hit a 16-day high of $6,745 earlier today. BTC's recovery from the five-week low of $6,100 hit Wednesday was likely fueled by increased investor demand for altcoins. For instance, XRP – the third largest cryptocurrency by market capitalization – has risen by 42 percent in the last 24 hours and 18 percent of the total XRP trading volume is coming from XRP/BTC pairs, according to CoinMarketCap. Aurora
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‘Turbo Geth’ Seeks to Scale Ethereum – And It’s Ready in Private Beta

‘Turbo Geth’ Seeks to Scale Ethereum – And It’s Ready in Private Beta

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Please share if you find this article interesting. 'Turbo Geth' Seeks to Scale Ethereum – And It's Ready in Private Beta There's a software ready to help ethereum scale – right now. Revealed exclusively to CoinDesk, the raw architecture of Turbo Geth has been completed — and is currently available to early adopters for testing. Alexey Akhunov, the independent software developer that built the software, told CoinDesk that unlike many other scaling solutions, Turbo Geth looks at tackling ethereum's so-called state, instead of transaction congestion and costs. The term "state" in this context describes the every-increasing history of all computations of the network. By rewriting Geth, the Ethereum Foundation's in-house software for interacting with the blockchain, Akhunov said, he's
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Up 13%: XRP Jumps By Double Digits for Second Time This Week

Up 13%: XRP Jumps By Double Digits for Second Time This Week

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Please share if you find this article interesting. Up 13%: XRP Jumps By Double Digits for Second Time This Week XRP's price is boasting double-digit percentage growth today for the second time this week as the broader market picks up the bid. At press time, the world's third-largest cryptocurrency by market capitalization is trading across exchanges at an average price of $0.37 – a six-week high and 13.60 percent gain from today's opening price of $0.33, according to CoinDesk's XRP Price Index (XPI). XRP's standout 24-hour appreciation makes it the best performer out of the world's 50 largest cryptocurrencies by market capitalization, data from CoinMarketCap reveals. The bullish price development for XRP follows multiple positive news events regarding distributed ledger startup
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Bitcoin Price Sees High-Volume Recovery From Five-Week Lows

Bitcoin Price Sees High-Volume Recovery From Five-Week Lows

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Please share if you find this article interesting. Bitcoin Price Sees High-Volume Recovery From Five-Week Lows Bitcoin's (BTC) high volume recovery from five-week lows may have left the bears disappointed, although a bullish reversal is still not confirmed, technical studies indicate. The leading cryptocurrency fell to $6,100 on Bitfinex at 18:00 UTC yesterday – the lowest level since Aug. 14 – signaling a downside break of the trendline connecting the June low and Aug. 11 low (lower end of the pennant). However, the moment of triumph for the bears was short-lived, as the cryptocurrency picked up a strong bid the very next hour and jumped to a high of $6,550. More importantly, trading volumes on Bitfinex increased by 66 percent during the price recovery. Essentially, the breakdow
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Messaging Giant LINE Unveils Ambitious Plan for Crypto Token Ecosystem

Messaging Giant LINE Unveils Ambitious Plan for Crypto Token Ecosystem

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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