Nick Szabo and The Winklevoss are More Bullish About Bitcoin than They Are About Gold

Nick Szabo at the Israel Bitcoin Summit Famous cryptographer, computer scientist, and crypto investor Nick Szabo once again defended the high potential of crypto coins as mechanisms of economic promotion in a recent debate in Tel Aviv, Israel. Speaking At the Israel Bitcoin Summit at Tel Aviv University on Jan. 8, Mr. Szabo explained that the use of cryptocurrencies will have a stabilizing and positive effect for countries facing economic sanctions and policies defeated by inflation, monetary devaluation, and incorrect planning decisions. Nick Szabo: Bitcoin Could be Better for Banks…

Bullish Correction Possible if Price Holds Above $3,550

Bitcoin Price — Quick Take: The bitcoin price dropped more than 8 percent on a 24-hour adjusted timeframe. The cryptocurrency is attempting a pullback from a historically strong support area above $3,550. Further breakdown action could lead to a double bottom scenario. The bitcoin price on Thursday plunged more than 8 percent across the Asian and European trading session, according to aggregated market data at CoinMarketCap.com. The BTC/USD pair is trading at $3,635 on Coinbase at press time, up 2.7 percent from its session low at $3,556. It formed an…

Bitcoin Price Watch: BTC Likely Preparing For Bullish Ride

Bitcoin price is placed nicely above the $3,965 and $3,980 support levels against the US Dollar. There is a short term triangle forming with resistance at $4,045 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may continue to move higher towards $4,250 if there is a clear break above $4,080. Bitcoin price is gaining bullish momentum above $4,000 against the US Dollar. BTC remains supported on dips and it may soon climb above the $4,150 and $4,200 resistances. Bitcoin Price Analysis Yesterday, we discussed…

XRP Bullish as Ripple Company make Strides

Ripple Price ranging within Dec 28 high low We expect breakouts above 40 cents to be strong Ripple company progress is solid At spot rates, Ripple (XRP) is ranging against the USD and up 0.4 percent at the time of press. These gains are modest, but as long as XRP is above 30 cents, price rallies towards 80 cents are on the cards. Ripple Price Analysis Overview In the last day, XRP is up 0.4 percent and moving horizontally inside a 6 cents range. Because of Sep 2018 upsides and…

BTC Bullish Above $3,700, Overstock Path Paving

Latest Bitcoin News Aside from Bakkt, the never-ending wait for US SEC to comment or even approve Bitcoin ETF, the crypto and Bitcoin sphere is bereft of market-moving news. True, there are essential updates from time to time and what dominates right now is Overstock plans of “paying” their commercial activity taxes (CAT) using Bitcoin in the US State of Ohio. In a statement, the founder of Overstock, Patrick M. Byrne said: “The Company is proud to partner with forward-thinking governments and officials like Ohio and Treasurer Mandel to help…

Ripple Price Analysis: XRP Set For 40 Cents, Ripple Founder Bullish

Latest Ripple News 2018 was a testing year for coin holders. The bear market wrecked the space and with the anchor coin, Bitcoin, dropping 75 percent, altcoins followed suit. The damage was severe in Ethereum (ETH), and their losses saw XRP replace it as the second most valuable coin. This is despite XRP falling a massive 84 percent from 2017 peaks. Regardless, there is optimism, and while the price is just but one of the many metrics used to gauge overall performance, bulls are confident strongly believing that digital asset…

Bitcoin Price Watch: BTC Basing For Next Bullish Wave Above $4K

Key Points Bitcoin price corrected lower recently and traded below the $3,800 support against the US Dollar. There was a break above a short term declining channel with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely basing for a fresh upward move above the $3,900 and $4,000 resistance levels. Bitcoin price found support near the $3,680 level against the US Dollar. BTC might soon start a fresh bullish wave above the $4,000 resistance. Bitcoin Price Analysis Yesterday, we saw…

Bitcoin Maintains Bullish Bias, Eyeing $4,500 as Upside Target

Bitcoin on Monday maintained its bullish bias despite facing rejection by a strong resistance area. The bitcoin-to-dollar exchange rate surged from $3,956 to $4,244 as the Asian session kicked in. The pair attempted a breakout action but got held by a moderate selling pressure near the session peak. By the European session, an interim bearish correction has brought bitcoin to its session low near $4,022. At press time, the Bitcoin/Dollar rate again is going through a minor accumulation period, which could enable the pair to retest $4,244 for a potential…

Ripple Price Analysis: XRP Buyers Sighting Bullish Break Above $0.40

Key Highlights Ripple price traded in a range and struggled to clear the $0.4000 resistance against the US dollar. There was a break above a major bearish trend line with resistance at $0.3650 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is eyeing an upside break above the $0.3950 and $0.4000 resistance levels. Ripple price is currently consolidating gain against the US Dollar and Bitcoin. XRP/USD may soon break the $0.4000 resistance and extend gains above $0.4200. Ripple Price Analysis This past week, there…

XRP Bullish, Break Above 40 Cents Vital For Bulls

Latest Ripple News Aside from government regulators, companies are monitoring the space.  Crypto as a Bank of International Settlement representative said is an “evil spawn of a crisis”. By design, coins are meant to supplement and even replace traditional government-issued currencies. Ravaged by hyperinflation and a total lack of trust for fiat, Venezuelans are using crypto to pay for their day to day expenses. On the other hand, Ripple is banking on xRapid, xCurrent, and xVia to replace the SWIFT of which majority of the global banks are using. The…