Tuesday, November 13Your Daily Bitcoin & Altcoin News Portal

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Back at $1,500: Bitcoin Cash Could See Further Dip

Back at $1,500: Bitcoin Cash Could See Further Dip

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Back at $1,500: Bitcoin Cash Could See Further Dip Bitcoin cash (BCH) is trading on the back foot today, with technical analysis suggesting the market risks a bearish breakdown over the weekend. At press time, the cryptocurrency has depreciated by 7 percent in the last 24 hours, according to data source OnChinaFX. On Bitfinex, the largest market for BCH/USD trading, bitcoin cash fell to $1,479 today; its lowest level against the dollar since Jan. 17. As of writing, it is trading at $1,599. The development follows a sharp recovery from the Jan. 17 low of $1,343, which witnessed a follow-through buying in the subsequent days. However, the move ran out of steam at a high of $2,110 on Jan. 20 and BCH turned lower again, thus creating...
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Bitcoin Price Seeks Direction as Trading Range Narrows

Bitcoin Price Seeks Direction as Trading Range Narrows

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Please share if you find this article interesting. Bitcoin Price Seeks Direction as Trading Range Narrows Bitcoin's price range continues to narrow with each passing day, but a big move on either side could happen soon, the technical charts suggest. Having witnessed a bull reversal on Wednesday, prices on CoinDesk's bitcoin price index (BPI) rose to $11,711 at 03:59 yesterday. It appeared as though bitcoin (BTC) would break above $12,000 and confirm completion of the bottoming process. However, prices fell back to $10,889 at 17:59 UTC. Bitcoin bulls made another attempt to regain lost glory, but faced rejection at $11,608 in Asian hours today. The failure to capitalize on Wednesday's bull reversal has yielded a drop to a three-day low of $10,321 today. As of writing, BTC is chang...
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Bitcoin Bull Reversal Sighted, But Momentum Proves Weak

Bitcoin Bull Reversal Sighted, But Momentum Proves Weak

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Please share if you find this article interesting. Bitcoin Bull Reversal Sighted, But Momentum Proves Weak Bitcoin bulls seem to have gained an upper hand, but the cryptocurrency is still struggling to find follow-through buying today. On Wednesday, CoinDesk's Bitcoin Price index (BPI) closed (as per UTC) 5.15 percent higher at $11,399. The positive close above $11,000 adds credence to the solid defense of the $10,000 mark seen earlier this week. That said, the follow-through is not necessarily encouraging. The BPI clocked a high of $11,711 at 03:59 UTC today before falling back below $11,200. As of writing, the BPI stands at $11,350. The cryptocurrency has appreciated by 3 percent in the last 24 hours, says data source OnChainFX. Bitcoin chart - Bull reversal confirmed The bul...
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Stellar Run Ahead? XLM Flirts With Price Breakout

Stellar Run Ahead? XLM Flirts With Price Breakout

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Please share if you find this article interesting. Stellar Run Ahead? XLM Flirts With Price Breakout Having rallied 25 percent in the last 24 hours, Stellar's XLM token is now eyeing a bullish breakout on the price charts. As of writing, XLM is changing hands at $0.57, according to data from OnChainFX. The cryptocurrency is up close to 100 percent compared to last week's low below $0.30. Twenty-four-hour trading volume stands well over $0.5 billion – the highest level since Jan. 5, according to CoinMarketCap. The sharp rise in volume indicates strong hands are at play and the price rally could have legs. Furthermore, a look at the individual markets shows that investors are likely using bitcoin (BTC) to accumulate XLM. For instance, the XLM/BTC pair on Binance is up 18 percent, w
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Building a Base? Bitcoin Demand at $10K Hints at Move Higher

Building a Base? Bitcoin Demand at $10K Hints at Move Higher

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Please share if you find this article interesting. Building a Base? Bitcoin Demand at $10K Hints at Move Higher Persistent demand around the $10,000 mark appears to have not only neutralized the immediate bearish outlook on bitcoin, but also hints the cryptocurrency could be building a base for an eventual move higher. Prices on CoinDesk's Bitcoin Price Index (BPI) fell to $9,972.29 yesterday, before witnessing a quick recovery to $11,000 levels. This is the fourth time in last week that bitcoin (BTC) has recovered losses after sinking below $10,000 levels. As of writing, bitcoin is at $10,990 levels. The cryptocurrency has appreciated by 3.38 percent in the last 24 hours, according to OnChainFX. On Coinbase's GDAX exchange, BTC witnessed two-way business yesterday with prices hi...
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Ether Price Outlook Gloomy After Again Falling Below $1K

Ether Price Outlook Gloomy After Again Falling Below $1K

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Please share if you find this article interesting. Ether Price Outlook Gloomy After Again Falling Below $1K The price of ether, ethereum's native token, is likely to head south unless the bulls can quickly pull the price back over $1,160 levels, price chart analysis indicates. On Coinbase's GDAX exchange, ether hit a one-week low of $905 at 11:50 UTC today. A sharp recovery from the last week's low of $757 ran out of steam at $1,164 over the weekend. The subsequent drop to sub-$1000 levels has left a lower high (bearish action) on the charts. As of writing, the cryptocurrency is changing hands at $930 levels on GDAX exchange. ETH has depreciated by 8 percent in the last 24 hours, according to data from OnChainFX. Further, prices are down 20 percent from the weekend high of $1164....
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Bear Grip Strengthens as Bitcoin Price Nears $10K

Bear Grip Strengthens as Bitcoin Price Nears $10K

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Please share if you find this article interesting. Bear Grip Strengthens as Bitcoin Price Nears $10K Having closed below key long-term moving average yesterday, bitcoin (BTC) prices look set to explore sub-$10,000 levels. Prices on CoinDesk's Bitcoin Price Index fell to a low of $10,050.79 yesterday and dipped below $10,000 soon before publishing. At press time, BTC had bounced back to $10,150 levels. The cryptocurrency has depreciated by 11.70 percent in the last 24 hours, according to data source OnChainFX. On Coinbase's GDAX exchange, BTC hit a five-day low of $10,025 yesterday. The sell-off gathered pace after prices breached strong support at $11,000 (confluence of 100-day moving average (MA) and 61.8 percent Fibonacci retracement). Also, BTC closed (as per UTC) below the 10...
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Bitcoin Slides More Than 10 Percent to Near $10,000 Level

Bitcoin Slides More Than 10 Percent to Near $10,000 Level

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Please share if you find this article interesting. Bitcoin Slides More Than 10 Percent to Near $10,000 Level The price of bitcoin is down more than 10% today, according to CoinDesk's Bitcoin Price Index (BPI). At press time, the cryptocurrency's price is trading around $10,237.28, a decline of roughly 10.92% from the day's open of $11,522.86. As it stands, the current value is near the daily low of $10,050.79, and as of time of writing the price of bitcoin is down more than $1,200 for the day. As seen in the graph, the price held above $11,000 until roughly 13:15 UTC, after which the price dropped below that level. The developments call to mind those seen last week – though in this case, the price hasn't fallen below the $10,000 mark. As reported on Jan. 17, the price hit a low
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What a Facebook Blockchain Token Might Look Like

What a Facebook Blockchain Token Might Look Like

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Please share if you find this article interesting. What a Facebook Blockchain Token Might Look Like Michael J. Casey is chairman of CoinDesk's advisory board and a senior advisor of blockchain research at MIT's Digital Currency Initiative. Mark Zuckerberg, worth $71 billion at just 33, has done rather well by Facebook's centrally managed system. Over the past decade and a half, the social media behemoth's closed-source algorithm has quietly manipulated its millions of users' news feeds to capture maximum ad dollars and steer them all to Zuck and his shareholders. So, why is he exploring a more decentralized model?  And what role might crypto technology play in that? In a New Year's post to the platform, the Facebook CEO noted (with zero irony, it seems) that "With the rise of
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Bitcoin Defends $11,000 Mark and Eyes Move Higher

Bitcoin Defends $11,000 Mark and Eyes Move Higher

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Please share if you find this article interesting. Bitcoin Defends $11,000 Mark and Eyes Move Higher Bitcoin is stuck in a narrow range currently, but a breakout may lie ahead, the price charts indicate. Prices on CoinDesk's Bitcoin Price Index (BPI) rallied to a high of $13,000 on Saturday, but the spike was short-lived as prices fell back to $11,096 at 20:59 UTC yesterday. As of writing, BPI stands at $11,700 – up 5.4 percent from yesterday's low. Still, the cryptocurrency is down 1 percent on a 24-hour basis, as per data source OnChainFX. Interestingly, some in the investor community feel the U.S. government shutdown may have influenced the rise in BTC prices over the weekend. However, if history is any guide, BTC is unlikely to rally significantly on the political standoff in