Why Industry Execs See Big Crypto Rally Ahead

In the last 24 hours, the bitcoin price has slightly recovered to $4,046, recording a minor 0.7 percent increase against the U.S. dollar. The positive upside movement of bitcoin led alternative cryptocurrencies to record gains in the range of 5 to 33 percent against both bitcoin and USD, as the valuation of the crypto market rebounded to $140 billion. Join CCN for $9.99 per month and get an ad-free version of CCN including discounts for future events and services. Support our journalists today. Click here to sign up. 1-Day Bitcoin…

Fundstrat Expects Emerging Markets Rally To Spark Bitcoin Boom, Potentially Pushing BTC to $20k

Emerging Market Rally To Aid Bitcoin For some reason or another, investor sentiment has begun to turn decidedly positive in the cryptocurrency market. Tom Lee, the co-founder and head of research at Fundstrat Global Advisors, added to this influx of hopium-laced messages through a piece of analysis he pushed to his Twitter following, many of which are embroiled in all things Bitcoin. Lee explained that from this perspective of his New York-based advisory outfit, emerging markets, whose value is captured through the MSCI Emerging Markets Index, pulled down BTC over…

Stellar Lumens (XLM) Rally as Volumes Double After IBM Move

Stellar Lumens up 11 percent from last week IBM and six banks sign a letter of intent for World Wire stable coin issuance Transaction volumes double in eight days With IBM single-handedly bringing on board six banks, XLM prices are surging and up 11 percent in the last week. We expect prices to edge higher in days ahead. If prices close above 15 cents, Stellar Lumens (XLM) could double to 30 cents Stellar Lumens Price Analysis Fundamentals Similar to Ripple, Jed McCaleb’s Stellar is a low-cost platform that enables cross…

Bitcoin (BTC) Price Watch: Rally Takes Break, But Not Likely Over

Bitcoin price climbed higher towards the $4,040 level before correcting lower against the US Dollar. The price declined below $4,000 and tested the key $3,940 support area. Recently, there was a break above a connecting bearish trend line with resistance at $3,970 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently moving lower, but it remains well supported near $3,940 and $3,920. Bitcoin price corrected gains recently below $4,000 against the US Dollar. BTC could bounce back as long as it is trading…

Bitcoin Price Slips at $4,000; A Minor Pullback Before a Major Rally?

Following a spike to $4,068 from the low $3,900 region, the bitcoin price has experienced a slight pullback to $4,000. While the price of bitcoin slightly differs from region to region, on average, bitcoin is currently being traded at $4,017. Join CCN for $9.99 per month and get an ad-free version of CCN including discounts for future events and services. Support our journalists today. Click here to sign up. 7-Day Bitcoin Price Chart (Source: Coinmarketcap.com) Against Tether (USDT) on Binance, bitcoin has dipped below the $4,000 mark to $3,975. Minor…

Could Booming Bitcoin Volume Set A Precedent For A Crypto Rally?

Bitcoin Trading Volumes Boom Over recent weeks, it has become more and more apparent that life has returned to Bitcoin (BTC), and the broader digital asset ecosystem by extension. Independent cryptocurrency researcher Kevin Rooke recently drew attention to data that would corroborate this sentiment on Twitter. Rooke notes that per statistics from Nic Carter’s CoinMetrics, Bitcoin trading volume on all exchanges combined is up by 150% or so over the last five months, all while BTC fell from $6,000 to $4,000. He adds that the average daily volume sum for…

Cardano (ADA) Volumes Almost Double, CoinBase Could Trigger Rally

Cardano (ADA) price up 17.4 percent CoinBase could offer support for ADA Transaction averages almost double in the last two weeks After dropping from the top 10, Cardano (ADA) is up 17.4 percent in the previous week. Because of this, it is one of the top performers and could register more gains if CoinBase supports ADA. Cardano Price Analysis Fundamentals On one end, CoinBase never-ending controversy makes them appear weak. However, as the third most liquid exchange after Binance and Liquid, their influence cannot be written off. The CoinBase Effect…

Genuine Rally or Bull Trap?

Just two days after Cboe announced that it was going to delist bitcoin futures, the cryptocurrency’s spot market turned near-term bullish. The BTC/USD exchange rate surged 3.30-percent in the past 24 hours to establish a session high towards 4069. Simultaneously, the rest of the cryptocurrency market also went green, with Bitcoin Cash leading the bull pack with 17.81% gains, followed by Litecoin, EOS, and Ethereum that rose 8.44-, 5.47-, and 6.25-percent, respectively. On the whole, the cryptocurrency market capitalization added up to $6 billion worth of investments in a day.…

Bitcoin Up 3% as Crypto Adds $10 Billion in 1 Week: Can the Rally Continue?

Overnight, the bitcoin price surged 3 percent against the U.S. dollar above the $4,000 mark as major crypto assets in the likes of ethereum, litecoin, and bitcoin cash recorded gains in the range of 6 to 18 percent. 7-Day Price Chart of Bitcoin (Source: Coinmarketcap.com) Fueled by the momentum of bitcoin, the valuation of the crypto market spiked by $10 billion in the past week, which has been on the rise since March 12 due to the strong performance of tokens. Join CCN for $9.99 per month and get an…

Bitcoin (BTC) Price Watch: Case For Larger Rally Above 100 SMA

Bitcoin price stayed above the $3,800 support area and recovered recently against the US Dollar. The price is trading above the $3,840 level and facing a strong resistance near the 100 hourly SMA. There is a key bearish trend line in place with resistance at $3,865 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally sharply if there is a close above $3,880 and the 100 hourly SMA. Bitcoin price rebounded nicely from the $3,800 support against the US Dollar. BTC is currently…