Saturday, January 19Your Daily Bitcoin & Altcoin News Portal
Cardano Price Technical Analysis – ADA/USD Struggling Below $0.3050

Cardano Price Technical Analysis – ADA/USD Struggling Below $0.3050

PRICE ANALYSIS
Please share if you find this article interesting. Cardano Price Technical Analysis – ADA/USD Struggling Below $0.3050 Key HighlightsADA price declined recently and broke the $0.3050 and $0.3000 support levels against the US Dollar (tethered).There is a monster declining channel forming with resistance at $0.3020 on the hourly chart of the ADA/USD pair (data feed via Bittrex).The pair remains in a downtrend and any upside move is likely to be capped by $0.3020 and $0.3050.Cardano price is struggling to recover against the US Dollar and Bitcoin. ADA/USD is likely to remain in a bearish zone as long as it is below $0.3050.Cardano Price Upside HurdleThere was a sharp increase in the bearish pressure on ADA price around $0.3250 against the US Dollar. The price started a downside move
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Nasdaq CEO Adena Friedman is Bullish on Cryptocurrencies

Nasdaq CEO Adena Friedman is Bullish on Cryptocurrencies

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Please share if you find this article interesting. Nasdaq CEO Adena Friedman is Bullish on Cryptocurrencies Finance The chief executive officer of Nasdaq, Adena Friedman, discussed cryptocurrency and blockchain, among a number of subjects, in an interview with CNN. In the interview, Mrs. Friedman expressed bullish optimism for the future of cryptocurrency. Also Read: Xapo Estimated to be Housing 6.25% of Total BTC Supply Nasdaq CEO Bullish on Cryptocurrency In the interview with CNN, Mrs. Friedman offered optimism regarding the future of cryptocurrencies, stating “Do I think digital currency plays a role in the economy of the future, I think the answer is probably yes.” Mrs. Friedman added, “How it evolves and which of the cryptocurrencies may or may not be the one that ulti
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Ripple Price Technical Analysis – XRP/USD Tumbled Below Key Support

Ripple Price Technical Analysis – XRP/USD Tumbled Below Key Support

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Please share if you find this article interesting. Ripple Price Technical Analysis – XRP/USD Tumbled Below Key Support Key HighlightsRipple price failed to move above the $0.8000 and $0.8100 resistance levels and declined against the US dollar.There is a new connecting bearish trend line forming with resistance at $0.7800 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair may correct higher in the short term, but it may face sellers near $0.7800 and $0.7900.Ripple price declined heavily against the US Dollar and Bitcoin. XRP/USD is currently trading well below the $0.8000 level and is in a bearish zone.Ripple Price ResistanceYesterday, we discussed about a major hurdle near $0.8100 in Ripple price against the US Dollar. The price failed to break the $0.810
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Upgrade Time: Bitcoin Cash 32MB Fork Activates Tuesday – Bitcoin News

Upgrade Time: Bitcoin Cash 32MB Fork Activates Tuesday – Bitcoin News

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Please share if you find this article interesting. Upgrade Time: Bitcoin Cash 32MB Fork Activates Tuesday - Bitcoin News News In less than a week on May 15, the Bitcoin Cash (BCH) network will be upgrading the base block size from 8MB to 32MB, as well as re-enabling and adding some OP_Codes to the codebase. With just days left there are a few things BCH holders and full node operators should know before the upgrade takes place this coming Tuesday. Also read: Japan’s GMO Has Mined Over 900 Bitcoins – Hashrate Doubled Last Month Just a Few Days Left Until the May 15th Bitcoin Cash Upgrade The Bitcoin Cash network is about to perform the largest block size increase ever as the upgrade will expand the block size by 4X on May 15, 2018. The development team has also added ‘Satoshi
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Ethereum Price Technical Analysis – ETH/USD’s Downside Drift

Ethereum Price Technical Analysis – ETH/USD’s Downside Drift

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Please share if you find this article interesting. Ethereum Price Technical Analysis – ETH/USD’s Downside Drift Key HighlightsETH price failed to move above the $770 resistance and declined sharply against the US Dollar.There is a contracting triangle forming with support at $718 on the hourly chart of ETH/USD (data feed via Kraken).The pair is currently at a risk of more losses below the $718 and $700 support levels.Ethereum price declined heavily against the US Dollar and Bitcoin. ETH/USD may continue to move down if it fails to stay above the $718 support level.Ethereum Price DeclineThere was a sharp bearish reaction from the $770 resistance in ETH price against the US Dollar. The price started a downside move and declined heavily below $750. It broke many support levels such
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Bitcoin Cash Price Technical Analysis – BCH/USD Trimmed Gains

Bitcoin Cash Price Technical Analysis – BCH/USD Trimmed Gains

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Please share if you find this article interesting. Bitcoin Cash Price Technical Analysis – BCH/USD Trimmed Gains Key PointsBitcoin cash price failed to move above the $1,650 resistance and declined sharply against the US Dollar.There is a key bearish trend line forming with resistance at $1,640 on the hourly chart of the BCH/USD pair (data feed from Kraken).The pair has to stay above the $1,500 and $1,480 support levels to avoid more declines.Bitcoin cash price trimmed yesterday’s gains against the US Dollar. BCH/USD is now back below $1,600 with a few bearish signs near $1,520.Bitcoin Cash Price SupportThere were a couple of attempts by bitcoin cash price to break the $1,650 resistance against the US Dollar. The price failed to move above $1,650 and started a downside move. It d
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EOS Price Technical Analysis for 05/11/2018 – Stay on the Lookout for a Breakout

EOS Price Technical Analysis for 05/11/2018 – Stay on the Lookout for a Breakout

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Please share if you find this article interesting. EOS Price Technical Analysis for 05/11/2018 – Stay on the Lookout for a Breakout EOS Price Key HighlightsEOS has formed lower highs and higher lows to create a symmetrical triangle on its 1-hour chart.Price is currently testing support and might be due for a bounce back to the top.Technical indicators are signaling bearish exhaustion but the tighter consolidation suggests a potential breakout soon.EOS is consolidating inside a symmetrical triangle on the short-term chart, but a breakout could happen as it approaches the peak.Technical Indicators SignalsThe moving averages are oscillating but the 100 SMA looks prime for a downward crossover to signal that the path of least resistance is to the downside. This could mean that a brea
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Bitcoin Price Technical Analysis for 05/11/2018 – Are Bears Ready to Take Over Again?

Bitcoin Price Technical Analysis for 05/11/2018 – Are Bears Ready to Take Over Again?

PRICE ANALYSIS
Please share if you find this article interesting. Bitcoin Price Technical Analysis for 05/11/2018 – Are Bears Ready to Take Over Again? Bitcoin Price Key HighlightsBitcoin price recently broke below its ascending channel support to signal a downtrend.Price has since pulled back to the broken support and completed the retest.The Fibonacci extension tool shows the next downside targets from here.Bitcoin price seems to be caving to bearish pressure once more as it broke below the channel and completed the retest.Technical Indicators SignalsThe 100 SMA is below the longer-term 200 SMA to signal that the path of least resistance is to the downside. This means that the selloff is more likely to continue than to reverse. Price has also fallen below the moving averages’ dynamic inflecti
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Nvidia Reports First Quarter Crypto Sales, Expects Two-Thirds Drop In Second Quarter

Nvidia Reports First Quarter Crypto Sales, Expects Two-Thirds Drop In Second Quarter

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Please share if you find this article interesting. Nvidia Reports First Quarter Crypto Sales, Expects Two-Thirds Drop In Second Quarter Nvidia (NASDAQ: NVDA), an American graphics processing units (GPUs) manufacturer, has recently reported that the company generated $289 mln from processor sales to the crypto market, Bloomberg reports May 10. This is reportedly the first time Nvidia shared information regarding its revenue from chip sales to the crypto mining market. According to Susquehanna analyst Christopher Rolland, Nvidia’s first-quarter sales from mining hardware were anticipated to be much lower, around $200 mln. Nvidia CEO Jensen Huang explained that they were able to exceed expectations due to increased demand for GPUs from crypto miners, resulting in higher prices. “Cry
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Pineapple Fund Writes Farewell Post, Reports That All Funds Have Been Donated

Pineapple Fund Writes Farewell Post, Reports That All Funds Have Been Donated

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Please share if you find this article interesting. Pineapple Fund Writes Farewell Post, Reports That All Funds Have Been Donated Pineapple Fund, a Bitcoin-only charity, has reportedly accomplished its ultimate mission and donated 5104 bitcoins (BTC) or $55 mln to various nonprofit organizations, the fund’s creator wrote in a farewell post on Reddit May 10.   In December, when the BTC price approached its record high of $20,000, an anonymous donor who goes by the nickname Pine set a goal to give away 5057 bitcoins worth around $86 mln at the time. The amount turned out to be worth $31 mln less than they had initially anticipated due to the dramatic drop of the crypto market in early 2018. The donor later described the market downturn in terms of a cryptocurrency “bubble”. “Timed