BTC Cap Up $700 million From $3,700 Support

Bitcoin price ranging, up $700 million in the last 10 Hours Federal Reserve Bank of St Louis research confirms there is BTC demand Transactional volumes low. Drops from 18k to 15k in three days Market participants are optimistic and for good reasons. Candlestick arrangement points at bulls, and as prices swing between Jan 14 high low, our immediate triggers will be at $3,800. All the same ideal targets are at $4,500 and $6,000 on the upside. Bitcoin Price Analysis Fundamentals Aside from supervising and regulating financial institutions in the US,…

XRP and xRapid Success Disprove Critics

Ripple price steady and bullish Brad Garlinghouse’s pride, xRapid gaining traction Transaction volumes thin as XRP consolidates inside Jan 14 high low Prices may be all over the place and consolidating inside Jan 14 bull bar but our last XRP/USD price analysis remain the same. As long as XRP prices trend above 30 cents, bulls have a chance to rally—thanks to increasing adoption of xRapid. Ripple Price Analysis Fundamentals Sometimes back, news had it that Ripple may be in advanced stages preparing to roll out a product called Convergence. By…

2019 a Year of Accumulation For Bitcoin, Recovery by Year’s End

Bitcoin could see a recovery by the end of 2019. | Source: Shutterstock In the past 24 hours, the crypto market has recovered from $120 to $123 billion as the Bitcoin price avoided a further drop below the $3,600 mark. The bitcoin price avoided a further drop below $3,600. Ethereum has also been able to rebound relatively quickly from the delay of the Constantinople hard fork, which initially caused a 10 percent drop from $130 to $116. Slow Grind Up For Bitcoin Expected in 2019 Due to the intensity of…

Ripple Price Analysis: XRP Targets Fresh Weekly Highs Above $0.3500

Ripple price found support above the $0.3100 level and recovered above $0.3300 against the US dollar. There was a break above a major bearish trend line with resistance at $0.3200 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could extend gains towards $0.3500 if there is a break above the $0.3360 resistance. Ripple price recovered nicely in the past few hours against the US Dollar and Bitcoin. XRP/USD may target the $0.3500 resistance if it breaks $0.3360 and $0.3400. Ripple Price Analysis Recently, we…

Following $5 Billion Drop in Crypto, Traders See Weakness in Bitcoin

On January 13, the crypto market initiated an intense sell-off as the Bitcoin price fell below the $3,500 mark. The weakness in the short-term price trend of BTC led the market to demonstrate volatility on the downside. More than $5 billion was wiped out of the crypto market and major assets like Ethereum recorded a six percent drop. Where is Bitcoin Headed? Generally, both analysts and traders expect Bitcoin to fall to the low $3,000 region in the days to come. Some have suggested that a strong buy wall below…

Tim Draper Made $89M+ From His Bitcoin Investment in 5 Years

Billionaire venture capital investor Tim Draper has made $89.1 million from his Bitcoin investment in less than five years. In 2014, Tim Draper purchased a bulk of 30,000 BTC from the U.S. authorities in an auction. He outbid all participating investors by paying $632 per Bitcoin, with a slight premium. The $18.96 million he spent in 2014 is now worth $108 million despite the 80 percent correction the dominant cryptocurrency experienced in the past 12 months. Money Makes Money: Bitcoin is a Prime Example Vinny Lingham Previously, as CCN reported,…

Ripple Price Analysis: XRP At Risk of Additional Losses Below $0.3000

Ripple price extended losses and broke the $0.3300 and $0.3200 support levels against the US dollar. There is a key connecting bearish trend line with resistance at $0.3275 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may correct a few points, but it remains at a risk of more losses below $0.3100 and $0.3000. Ripple price declined heavily and broke major supports against the US Dollar and Bitcoin. XRP/USD may even break the $0.3000 support this week if it stays below the $0.3400 level.…

Bitcoin Price Will Tank Below $3,000, Says Trader Who Predicts Sell-Off

The bitcoin price will crater below $3,000 amid a mass sell-off. That’s what futures trader Anthony Grisanti predicts about the ongoing Crypto Winter. “I’m looking for a move down to $3,000, which would represent a real weakness in this market,” Grisanti told CNBC. “It could be the driver that gets people to bail out of this and push it even lower.” Trader: ‘People are Liquidating Their Positions’ Grisanti is a CNBC analyst who previously traded energy futures at Bear Stearns. Like other crypto bears, Grisanti believes it’s only a matter of time before…

Bitcoin Price Dangerously Close to ‘GTFO’ Level: Analyst Mark Dow

For most of 2019, bitcoin and the wider cryptocurrency market rode a bullish wave, as a reduction in short-selling allowed prices to creep higher. However, on Thursday the bitcoin price crashed below the $4,000 mark, and now one prominent trader warns that it is dangerously close to approaching a level where even bulls need to “GTFO.” Mark Dow Sounds the Alarm on Bitcoin That trader is Mark Dow, a former IMF economist who famously shorted the bitcoin price from near its all-time high in 2017 to below $3,750. The bitcoin…

Crypto Market Won’t Recover Anytime Soon

Vinny Lingham, a general partner at Multicoin Capital and the CEO of Civic, believes the crypto market won’t recover any time soon. He said: The crypto market will rise again, but most likely only when the pain of the recent fall becomes a distant memory. Don’t underestimate the power of psychology in free markets. Why Crypto Could Take a Long Time to Recover Top cryptocurrency assets including bitcoin (blue), ethereum (red), and ripple (orange) have taken steep losses over the past several days. In 2017, the crypto market saw one…