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…

Bitcoin Price Nears $6,800 Resistance as Crypto Market Records Large Gains

Over the past few hours, Bitcoin has recorded a slight 1 percent increase in price, nearing the $6,800 resistance level. The rest of the crypto market recorded large gains across the board as Electroneum and Stellar led the market with 70 percent and 20 percent gains respectively. As CCN reported on September 22, billionaire investor Mike Novogratz laid out $6,800 and $8,800 as major resistance levels for BTC in the short-term. If BTC can break out of the $6,800 mark in the next few hours, it is highly likely for…

Crypto Markets Drop Sharply, Ethereum Loses Week’s Earlier Gains

Crypto markets have seen a sharp decline today, September 18, with Bitcoin (BTC) down $200 and market cap dropping as low as $192 billion within a few hours. As of press time, 93 out of 100 top cryptocurrencies by market capitalization are in the red, while losses among the top 20 coins reach over 10 percent, according to CoinMarketCap. Market visualization from Coin360 Bitcoin (BTC) is down around 3.5 percent over the past 24 hours, having failed to hold the $6,500 support, with its price dropping by almost $200 within…

Crypto Markets Recover Slightly, Ethereum, Tezos See Largest Gains

Saturday, September 15: crypto markets are undergoing a slight recovery after yesterday’s decline, with 17 of the 20 top cryptocurrencies by market cap in the green, according to CoinMarketCap data. Market visualization from Coin360 After dropping below the $6,500 price point yesterday, Bitcoin (BTC) has challenged the mark again, going up by 1.6 percent over the past 24 hours, to trade at $6,533 at press time. Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index Ethereum (ETH) is currently seeing some of the largest gains among the top 20 cryptocurrencies by…

Cardano Price Analysis: ADA/USD Primed for More Gains

Key Highlights ADA price formed a decent support base near the $0.0600 level against the US Dollar (tethered). There was a break above a crucial declining channel with resistance at $0.0680 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair may continue to rise in the short term towards the $0.0750 and $0.0800 levels. Cardano price is grinding higher against the US Dollar and Bitcoin. ADA/USD could gain traction once it clears the $0.0710 resistance in the near term. Cardano Price Analysis This week, we…

Ripple Price Analysis: XRP/USD Could Extend Gains Toward $0.30

Key Highlights Ripple price is slowly moving higher and it recently broke the $0.2720 resistance against the US dollar. There was a break above a key bearish trend line with resistance at $0.2675 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is now placed nicely above the $0.2700 support and the 100 hourly simple moving average. Ripple price is moving with a bullish angle against the US Dollar and Bitcoin. XRP/USD could rise further towards the $0.2900 and $0.3000 resistances in the near term.…