Month: May 2018

IOTA Price Surges 17% for the Day to Headline Widespread Market Rally

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The IOTA price (MIOTA) surged past other coins’ average daily gains for the day, climbing 17% over its Wednesday level. The project released the beta version of the Trinity Wallet on May 29 and has kept the price momentum since then, as CCN reported. Currently, the IOTA price sits at $1.77. Since May 28 and the announcement of the new wallet, IOTA has increased over 31%. This is calculated from the close of day trading price of $1.35 on May 28. IOTA now has a market cap of $4.9 billion, making…

Bitcoin Cash Holding Above $1K

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Bitcoin Cash price (BCH) rebounded from a one-month-low of $890 amid a broader market rally. The fourth largest coin rose at a double-digit rate in Tuesday’s trade and is increasing at a mid-single digital rate today. The BCH coin trades above $1K today – with the market cap of $17.4 billion. The coin gets the majority of volume from the Asian markets. OKEx, Bitfinex, and Huobi accounted for almost 25% of the total trading volume. Some analysts believe that Bitcoin Cash has hit the bottom and is set to move higher…

Bitcoin Price Watch | BTC/USD Erases Gains, New Bearish Run Confirmed

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This morning, Bitcoin erased yesterday’s gains and fell below the $7,500 price level. It’s currently trading in a range from $7,330 to $7,350. At the moment, Bitcoin is on another bearish run, testing a support of $7,300. However, the cryptocurrency is showing positive signs against the 100-day moving average, facing a barrier of $7,500 to $7,600. BTC/USD On New Bearish Run Following the recent price actions, BTC/USD is now on a new bearish run toward a major support of $7,300. The trading volume spike indicates that a minor selloff occurred…

IOTA Price Rallies after Trinity Wallet Receives Beta Release

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The IOTA price posted a double-digit percentage rally on Tuesday following the beta release of a new wallet client for the cryptocurrency. IOTA Price Leads Large-Cap Index IOTA had entered the day on a slight downslope, eventually declining as far as $1.33 during intraday trading. However, the IOTA price turned a corner at approximately 3:00 UTC and began a sustained rally that carried the token as high as $1.65 shortly before 18:00. At present, IOTA is trading at just under $1.61, which translates into a $4.5 billion market cap. That…

Bitcoin Price Watch | BTC/USD Erases Gains, Dips Further Toward $7,000

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Bitcoin Price watch: On Monday morning, Bitcoin price took a backseat following a quick surge above $7,500 over the past weekend. The digital currency is now trading at $7,220 as of 12 PM EST. BTC/USD Dips Down Near $7,000 The recent price movements indicate that Bitcoin bears are still winning the battle. Today, Bitcoin price fell to as low as $7,142, which means that BTC/USD dropped below its 50-week moving average (MA) support for the first time since 2015. At the moment, Bitcoin is on another bearish run, looking to…

Cryptocurrency Market Continues to Fall, Bitcoin Support Likely at $6,700

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On previous reports, CCN emphasized that the price of bitcoin will likely fall to the higher end of the $6,000 region in the short-term. Over the past 24 hours, the bitcoin price has dropped by 2.5 percent, from $7,580 to $7,350, dipping below the $7,300 mark at one point. Lack of Momentum Throughout 2018, the bitcoin price has experienced three major corrections on February 7, April 10, and May 25. The initial correction that occurred on February 7 led the bitcoin price to drop from $19,900 to $6,100, by more…

Bitcoin Price Watch | BTC/USD Declines Past $7,500, Holds New Support

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On Friday morning, Bitcoin continued its decline from earlier this week, now below the critical $7,500 level. Its price has now gone down by over 10% over the past seven days. Further to this week’s cryptocurrency selloff, another factor that might have contributed to Bitcoin’s decline is the Justice Department’s decision to open a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies. This has added fuel to fire to what is already a crumbling market on the surface. BTC/USD Holds New Support Following…

Bitcoin Gold Responds to Recent Double Spend Attack

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The development team behind Bitcoin Gold has released an update on last week’s 51 percent attack, which the attacker weaponized through a double spend attack to steal funds from cryptocurrency exchanges. Published on Thursday, the update confirmed that the attacker had gained majority control of the network’s hashrate and used that control to reorganize the blockchain and reverse transactions. In this case, the attacker made deposits at cryptocurrency exchanges, traded the coins for BTC or another coin, and then withdrew the funds. Next, the attacker used their dominant computing power…

Bitcoin Price | How Low Can it Go? Coin is Dropping to $7K

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Bitcoin price (BTC) slid to a new low this month, after crashing below the $8K support level. The largest coin is trading at around $7,300 today and altcoins are also been dwindling at a fast pace. The broader market selloff has snatched $150 billion out of the cryptocurrency market in the last two weeks alone. Tom Lee again blamed lack of regulatory clarity for the huge selloff. The market pundits, however, are thinking about how low bitcoin price value can go. How Low Can it Go? The bounces were limited in…

Bitcoin Price Watch | BTC/USD Slides Down To $7,700

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On Wednesday morning, Bitcoin price slid down below the critical $8,000 price point and is now sitting closer to $7,600. The previously established $8,100 support level was unable to hold. Over the past seven days, Bitcoin value plunged by nearly 8%. BTC/USD On Long-Term Bearish Trend Today’s freefall is a big indication that Bitcoin could be on a long-term bearish trend. As evidence; the six-month moving average has now moved in favor of the bears and forms a bearish crossover with the 10-month moving average. This kind of bearish crossover hasn’t…