Sep 2018 Gains Shore XRP Bulls

Ripple price is trading within Sep 2018 high low and bullish The management team at Circle convinced crypto valuation would rise. Bear trading volumes high, XRP prices likely to find support at 30 cents Although losses were market wide, XRP is resilient, absorbing sell shocks and rising above ETH for the first time in 2019. Even with this safe-haven status, we expect XRP to slide against the USD towards 30 cents. Ripple Price Analysis The ability of XRP to absorb shocks may be the reason why the coin is in…

Bitcoin Price Between Holding Gains and Losing Gains as Breakout Waits

The bitcoin price held onto its gains this Monday as the trading session across the Asian and European markets expressed its calm. The bitcoin-to-dollar pair is trading at $4,009, down 1.93 percent from Monday’s high. The correction appears natural to an overperforming asset, and its significance should be weighed in when it extends as far as 10 percent from the recent peak. As bitcoin heads into an interim sideways trend, the asset has attempted to pierce below $4,000 on five separate occasions today. It seems that there is a decent…

Bitcoin Price Watch: BTC Correcting Gains, But Dips Remain Supported

Key Points Bitcoin price recently traded as high as $3,919 and later started a downside correction against the US Dollar. There is a major bearish trend line formed with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price must stay above the $3,740 support level to bounce back in the near term. Bitcoin price started a downside correction towards $3,700 against the US Dollar. BTC could climb higher once again if buyers continue to defend $3,740. Bitcoin Price Analysis Yesterday, we saw…

Bitcoin Above $4,000 Again as Top Cryptocurrencies See Gains Across the Board

Sunday, Dec. 23 — all of the top 20 cryptocurrencies are seeing moderate gains, with Bitcoin’s (BTC) price going above $4,000 again, according to CoinMarketCap data. Market visualization from Coin360 At press time, Bitcoin is up nearly four percent on the day, trading at $4,050. Looking at its weekly chart, the current price is lower than the Friday’s high of almost $4,200; but the cryptocurrency is still trading significantly up from $3,294 — the point at which it started this week. Bitcoin 7-day price chart. Source: CoinMarketCap Ripple (XRP) —…

Ethereum Price Analysis: ETH Gains Pace Above $100, Could Test $115

Key Highlights ETH price gained pace and broke the $97 and $99 resistance levels against the US Dollar. There is a connecting bullish trend line formed with support at $97 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains in an uptrend and it could continue to move higher towards $108 or $115. Ethereum price extended gains against the US Dollar and bitcoin. ETH/USD is placed nicely above the $97 support for more gains towards $108 or $115. Ethereum Price Analysis Yesterday, we saw a nice…

EOS Rises 5% as Tokens Record Big Gains, Crypto Market Adds $2 Billion

Twitter Facebook Tokens and several major cryptocurrencies such as EOS have demonstrated strong short-term momentum over the last 24 hours, pushing the valuation of the crypto market to $206 billion. The volume of Bitcoin, which declined to the mid-$3 billion region, recovered to $4.2 billion, showing a clear increase in trading activity across major cryptocurrency exchanges. Affected by the increase in the volume of Bitcoin, tokens and digital assets such as Loom, Status, Bancor, WaltonChain, Pundi X, OmiseGo, and Zcash recorded gains in the range of 8 to 20 percent,…

Bitcoin Price Weekly Analysis: BTC/USD Above $6,500 Could Accelerate Gains

Key Points Bitcoin price declined recently and tested the $6,350 support level against the US Dollar. There was a break above a connecting bearish trend line with resistance at $6,410 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is facing a solid resistance near the $6,480 and $6,500 levels. Bitcoin price is consolidating above the $6,350 support against the US Dollar. BTC/USD must break the $6,500 resistance zone to move into a bullish zone. Bitcoin Price Analysis There were more than three attempts to…

Decentralization Gains Traction: Go-Ethereum Fifth Most Active on Github

Bear markets refine industries. Overall sentiment becomes negative from all angles, and naysayers proclaim that crypto is “dead.” Underneath all the fear, uncertainty and doubt, though, developers are still building. Case in point, Go-Ethereum (or geth), a command-line interface for running an Ethereum node using the Go programming language, is now the fifth fastest growing open-source project in GitHub https://octoverse.github.com/projects#repositories . The other projects above go-ethereum on the list are azure-docs from Microsoft Azure, pytorch from Facebook, godot from the GoDot Gaming Engine and nuxt.js, a Javascript framework. For the…

Bitcoin Price Analysis: BTC a Commodity, Not Property Subject to Capital Gains Tax

Bitcoin prices are sensitive to regulatory news and this week’s judgment that Bitcoin is a commodity did spur more confusion. Needless, prices are largely unaffected and are in fact stable adding two percent in the last week. Like last week, traders are expecting higher high meaning our last Bitcoin trade plan is still valid. Latest Bitcoin News As long as investor money is involved, regulation is inevitable. All eyes are on the US SEC. If they do give approve Bitcoin ETFs, then prices will undoubtedly surge. While at it, the…

Ripple (XRP) Erases 40% Gains ($9.5 Billion) as Top Coins Fall; What’s Next?

After displaying a supernormal rally that amounted to more than 60 percent gains within a week, XRP is now doing a complete reversal. Ripple has lost more than $9.5 billion in market cap since establishing its highest peak since April. The coin reached its high on Friday last week, at around $27.5 billion, but witnesses the execution of massive long positions around the said level. The weekend and the beginning of the week that followed later saw XRP wiping almost 22 percent of its market cap, so as the per…