Friday, May 29Your Daily Bitcoin & Altcoin News Portal

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Deutsche Bank Strategist: Reign of Fiat Money Will Soon End, Will Bitcoin Take Over?

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Please share if you find this article interesting. Deutsche Bank Strategist: Reign of Fiat Money Will Soon End, Will Bitcoin Take Over? Deutsche Bank lead strategist Jim Reid believes the reign of fiat money could soon end and cryptocurrencies like bitcoin could take over the global financial market. In a recently released research paper, Reid delve extensively into the unstable fiat currency system and firmly stated that the fiat currency system will highly likely come to an end in the upcoming years. Reid stated: “Central banks and governments which have ‘dined out’ on the 35 year secular, structural decline in inflation are not able to prevent it rising as raising interest rates to suitable levels would risk serious economic contraction given the huge debt burden economies fac

Bitcoin Price Has Remained Above $7,300 Without China, What Happens Next?

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Please share if you find this article interesting. Bitcoin Price Has Remained Above $7,300 Without China, What Happens Next? Over the past two weeks, the bitcoin price has demonstrated a meteoric rise in value, increasing from $5,400 to $7,300, without the existence of a major market in China. In September, the Chinese government and its central bank the People’s Bank of China (PBoC) cracked down on cryptocurrency trading, requesting leading bitcoin exchanges such as OKCoin, Huobi, and BTCC to shut down temporarily and halt their services. Consequently, the three companies along with other minor cryptocurrency companies relocated to Hong Kong. CnLedger, a trusted cryptocurrency news source in China, revealed that many of the Chinese cryptocurrency trading platforms like OKCoin an

Bitcoin is Already More Valuable Than Many National Currencies Like Malaysian Ringgit

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Please share if you find this article interesting. Bitcoin is Already More Valuable Than Many National Currencies Like Malaysian Ringgit Highly regarded bitcoin developer and BitGo lead engineer Jameson Lopp created a clone of the global M1 index, a metric used evaluate the money supply of a country, to observe bitcoin’s ranking amongst some of the world’s most widely used and accepted currencies like the US dollar and Japanese yen. I made a clone of global M1 stats that updates in realtime w/Bitcoin’s market cap. H/T @accerqueira for code snippet https://t.co/ybPQTtPZfI pic.twitter.com/5CzeaA6p3P — Jameson Lopp (@lopp) November 4, 2017 According to Lopp and the clone of the global M1 index he has created, bitcoin is currently ranked 32nd most valuable currency globally, with a
Bitcoin Cash Price Weekly Analysis – BCH/USD Holding Uptrend Support

Bitcoin Cash Price Weekly Analysis – BCH/USD Holding Uptrend Support

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Please share if you find this article interesting. Bitcoin Cash Price Weekly Analysis – BCH/USD Holding Uptrend Support Key Points Bitcoin cash price surged higher this past week and broke $600 against the US Dollar. There is a major bullish trend line forming with support at $600 on the 4-hours chart of BCH/USD (data feed from Kraken). The pair must remain above the $600 handle if it has to stay in the bullish zone. Bitcoin cash price rocketed higher towards $700 against the US Dollar. BCH/USD is currently correcting and holding an important support at $600. Bitcoin Cash Price Support It was a bullish week for Bitcoin cash price as it climbed above the $500 and $600 levels against the US Dollar. The price even made a nice upside move above $650 to test the $700 handle. However,
Bitcoin Price Weekly Analysis – BTC/USD Eyes Break of $8000

Bitcoin Price Weekly Analysis – BTC/USD Eyes Break of $8000

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Please share if you find this article interesting. Bitcoin Price Weekly Analysis – BTC/USD Eyes Break of $8000 Key Points Bitcoin price is gaining pace and will most likely break the $7500 resistance against the US Dollar. There is a major bullish trend line forming with support at $7300 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair is now well supported above the $7300 and $7000 support levels for more gains. Bitcoin price remains well in the bullish zone above $7000 against the US Dollar. BTC/USD might break $7500 soon and could even test $8000. Bitcoin Price Remains Buy on Dips There were monster gains in Bitcoin price as it moved above $6500 and $7000 against the US Dollar. The price gained a lot of pace and buyers succeeded in even breaking the $7200 re
Ethereum Price Weekly Analysis – ETH/USD to Break Higher

Ethereum Price Weekly Analysis – ETH/USD to Break Higher

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Please share if you find this article interesting. Ethereum Price Weekly Analysis – ETH/USD to Break Higher Key Highlights ETH price after a decline towards $274 against the US Dollar found support and recovered well. There is a crucial bearish trend line forming with resistance at $305 on the 4-hours chart of ETH/USD (data feed via SimpleFX). The pair has to break the $305 resistance and settle above the 100 SMA (H4) to challenge $340. Ethereum price is back in the positive zone against the US Dollar and Bitcoin. However, ETH/USD needs to gain momentum above $305 and $310 for more gains. Ethereum Price Resistance This past week, we saw a couple of swing moves in ETH price towards $274 against the US Dollar. The price tested a major support area at $274 and started an upside mov

Is Bitcoin Price en Route to Reaching $10,000 by the End of 2017?

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Please share if you find this article interesting. Is Bitcoin Price en Route to Reaching $10,000 by the End of 2017? Over the past week, the bitcoin price has surged from around $6,500 to $7,400, as the market continued to demonstrate optimism towards the launch of bitcoin futures exchanges by some of the largest markets in the US such as CME and CBOE. Several prominent financial analysts including Max Keiser have hinted this week that it is highly likely for the price to achieve $10,000 by the end of 2017, given its current upward momentum and the market’s absolute confidence over the mid-term performance of bitcoin. “30,000 new bitcoin wallets a day. ETF coming soon. Wall Street just getting started. Regulators waking up to their impotence. Hello $10,000,” said Keiser. Remembe
ALT COIN BULL DIVERGENCE AFTER NFP, WHAT’S NEXT?

ALT COIN BULL DIVERGENCE AFTER NFP, WHAT’S NEXT?

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Please share if you find this article interesting. ALT COIN BULL DIVERGENCE AFTER NFP, WHAT’S NEXT? A bull divergence is what is common across all these alt coin pairs. It is even clearer in Monero and NEO where price action is trending from overbought territory and accompanied by a clear sell signal. Let’s review what happened in other alt coin pairs: BEAR OVER-EXTENSION  IN NEM ALT COIN CHART NEMUSD Daily Chart for 04.11.2017 After NEM prices closed below the lower BB on November 2, price was overextended and is now correcting following that slide that begun on October 31. Because this NEM appreciation might end up as a retest of  resistance trend line and a continuation of the larger bear trend as per the weekly chart, I recommend long entries to take advantage of this correct
Dash Breaks Below Key Support Versus Bitcoin – DASH BTC Analysis

Dash Breaks Below Key Support Versus Bitcoin – DASH BTC Analysis

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Please share if you find this article interesting. Dash Breaks Below Key Support Versus Bitcoin – DASH BTC Analysis While Bitcoin has been enjoying conquering one record high after another, Dash, the sixth largest cryptocurrency by market capitalization, appears to be losing its steam. DASH has been mainly consolidating against other counterparts such as the US dollar and Ethereum. However, it is getting knocked off by Bitcoin. DASH BTC Analysis The DASH BTC pair has broken below a key support level of 0.045. This level also falls on the 61% Fibonacci retracement. This support was considered so important because it was able to keep the DASH BTC price from falling further on three previous occasions. After DASH/BTC reached the all-time high level of 0.12 back in March 2017, the pa
Bitcoin Price Watch; Here’s What We’re Targeting Right Now

Bitcoin Price Watch; Here’s What We’re Targeting Right Now

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Please share if you find this article interesting. Bitcoin Price Watch; Here’s What We’re Targeting Right Now In this morning’s bitcoin price watch analysis, we discussed some of the key trends we were seeing in the bitcoin price during the late session last night and into the early session this morning and opined that we would probably see some pretty substantial volatility during the session today. This was based on the idea that we had already seen a pretty substantial correction and that – as this correction matured – volume would likely be pretty heavy in both directions while price managed to find its footing. We are now heading into the close of play in Europe and we got exactly what we were expecting. Well, exactly what we were expecting in the sense that we couldn’t real