Markets

Bitcoin Faces Close Below Long-Term Support In First Since 2015

3 weeks ago admin2 Comments Off on Bitcoin Faces Close Below Long-Term Support In First Since 2015
Bitcoin risks closing below the 50-week moving average (MA) – an important long-term support not breached for over two-and-a-half years. With the bears already on the offensive following the recent sell-off, prices are likely to suffer if bitcoin closes on Sunday below the key support, currently seen at $7,611. More worryingly for the bulls, since Read More

Just One Top Crypto Bucked This Week’s Market Downturn

3 weeks ago admin2 Comments Off on Just One Top Crypto Bucked This Week’s Market Downturn
Shadowing the losses in bitcoin, the top-25 cryptocurrencies have all fallen over the last seven days – all bar one, that is. The broader markets seem to have been dragged lower by a 9.5 percent week-on-week drop in bitcoin (BTC), the world’s largest cryptocurrency by market cap. BTC fell below $8,000 on May 22 for Read More

Bitcoin Price Faces Bear Indicator Not Seen Since 2014

4 weeks ago admin2 Comments Off on Bitcoin Price Faces Bear Indicator Not Seen Since 2014
Following bitcoin’s recent losses, a key long-term trend indicator is looking increasingly bearish. Notably, the five-month moving average (MA) has rolled over in favor of the bears and looks set to cut the 10-month MA from above – a bearish crossover that hasn’t been seen since June 2014. If that occurs it could be a Read More

Bitcoin Is Back Above $8,500 But Does the Rally Have Legs?

4 weeks ago admin2 Comments Off on Bitcoin Is Back Above $8,500 But Does the Rally Have Legs?
Bitcoin’s (BTC) has bounced back above $8,500, but the rally is not backed by decent trading volumes, the technical charts indicate. The cryptocurrency closed below key technical levels on Thursday, signaling a bearish breakdown, but the sell-off unexpectedly ran out of steam at $7,925 a day later. Subsequently, bitcoin gained more than $500 over the Read More

Fundstrat’s Lee Admits Poor Prediction of Bitcoin Rally, Still Expects $25k Price by Year End

4 weeks ago admin2 Comments Off on Fundstrat’s Lee Admits Poor Prediction of Bitcoin Rally, Still Expects $25k Price by Year End
Co-founder and head of research at Fundstrat Global Advisors, Thomas Lee has admitted that his prediction of a Bitcoin rally after the Consensus conference was wrong. Lee has claimed that the crypto market still “faces significant internal resistance and hurdles within traditional financial institutions,” Bloomberg reports May 18 Having accurately predicted the growth of crypto Read More

At Ripple’s Snoop Dogg Party, A Search for XRP

1 month ago admin2 Comments Off on At Ripple’s Snoop Dogg Party, A Search for XRP
Would this be one of those crypto events? A star past his prime pumping the flavor of the month? As part of the first-ever New York Blockchain Week, Snoop Dogg was booked to perform at the XRP Community Night on Tuesday. The event, as the name would suggest, was meant to celebrate XRP, a cryptocurrency Read More

Zcash Leaves Crypto Market Behind with 50 Percent Weekly Spike

1 month ago admin2 Comments Off on Zcash Leaves Crypto Market Behind with 50 Percent Weekly Spike
The cryptocurrency markets are flashing red as the third week of May comes to close. The total market capitalization of cryptocurrencies has dropped by 14.48 percent to $366 billion in the last 7 days, taking the month-to-date losses close to 30 percent, according to CoinMarketcap. Further, the probability that the cryptocurrency market will regain poise next Read More

CME Group Partners to Launch Ether Reference Rate Index

1 month ago admin2 Comments Off on CME Group Partners to Launch Ether Reference Rate Index
Derivatives exchange operator CME Group is launching an ether reference rate and a real-time ether-dollar index in partnership with UK-based digital asset trading service Crypto Facilities. The operator noted Monday that it would provide “a daily benchmark price in U.S. dollars” every 24 hours, as well as the real-time price “based on transactions and order Read More

BitGo Courts Wall Street With New Bitcoin Custody Products

1 month ago admin2 Comments Off on BitGo Courts Wall Street With New Bitcoin Custody Products
Big Wall Street firms now have new options for storing bitcoin. Announced Sunday, Palo Alto-based startup BitGo has unveiled a new suite of custodial services aimed at institutional investors who may be eying the market with interest. The product launch notably builds on BitGo’s move to buy Kingdom Trust, a US qualified custodian of traditional Read More

Bitcoin Hits Three-Week Low, Eyes Break Below $8,600

1 month ago admin2 Comments Off on Bitcoin Hits Three-Week Low, Eyes Break Below $8,600
Bitcoin (BTC) hit a three-week low of $8,713 on Bitfinex earlier today and looks set to extend losses further, price chart analysis indicates. The cryptocurrency failed to cut through the descending (bearish) 5-day moving average (MA) located at $9,382 yesterday, despite the bullish falling channel breakout on May 9, and fell below the $9,000 mark as Read More