Day: August 6, 2018

Crypto Market Adds $5 Bln as Tokens Rebound, Low Bitcoin Volume a Concern

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Over the past 24 hours, tokens including Digibyte, Aelf, Polymath, and 0x have rebounded, pushing the valuation of the crypto market to $258 billion. Both Bitcoin and Ether, the native cryptocurrency of Ethereum, recorded a two percent increase from yesterday’s price range, as Bitcoin rebounded to $7,160 and Ether reached $413. However, in the past several hours, the price of Bitcoin and Ether have started to drop once again, testing $7,100 and $410. If the volume fails to recover in the next 12 hours, Bitcoin and Ether will likely breach…

Here Is How Blockchain Will Help to Explore Space

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Space is an area that has been historically researched by few governments, being a complex matter that requires thorough, high-class research and, therefore, substantial funding. More recently, with the emerging popularity of audacious startups like SpaceX, space exploration has become a less exclusive area. Now, however, it seems that the cryptocurrencies’ primary features — blockchain, its underlying technology, and the concept of an Initial Coin Offering (ICO), its crowdfunding model — are bringing in even more power into the previously unshared territory. Big players are adopting blockchain for space exploration:…

Cardano Price Analysis: ADA/USD Breaks Key Resistance, $0.14 Next?

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Key Highlights ADA price moved higher recently after forming a support near the $0.1225 level against the US Dollar (tethered). There was a break above a key contracting triangle with resistance near $0.1290 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to move higher once it breaks the $0.1365 resistance area in the near term. Cardano price is slowly recovering against the US Dollar and Bitcoin. ADA/USD may perhaps continue to move higher towards the $0.1400 resistance. Cardano Price Analysis There was…

Ripple Price Analysis: XRP/USD Sets Eyes on $0.4500

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Key Highlights Ripple price is forming a solid support base near the $0.4270 level against the US dollar. There was a short-term break above a bearish trend line at $0.4320 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could move above $0.4370 to gain traction towards the $0.4500 level in the near term. Ripple price is showing positive signs against the US Dollar and Bitcoin. XRP/USD has to move past $0.4370 to test the next hurdle near the $0.4500 level. Ripple Price Resistances There…

Ethereum Price Analysis: ETH/USD’s Recovery Capped Near $412-428

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Key Highlights ETH price is holding the $400-402 support area and is currently consolidating against the US Dollar. There is a crucial bearish trend line in place with resistance at $412 on the hourly chart of ETH/USD (data feed via Kraken). The pair is facing many resistances on the upside near $412, $416 and $428 for more recoveries. Ethereum price remains in a downtrend against the US Dollar and bitcoin. ETH/USD must clear the $412 and $728 resistances to gain traction in the near term. Ethereum Price Upside Hurdles There…

Cardano (ADA) Price Watch: Channel Break and Retest

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Cardano Price Highlights Cardano price recently broke below its ascending channel to signal that a reversal is underway. Price found support around 0.1200 and may need a correction before resuming the drop. Applying the Fibonacci retracement tool shows where more sellers might be waiting to join in. Cardano price could be in for a correction from its breakdown before gaining more traction on its slide. Technical Indicators Signals The 100 SMA is still above the longer-term 200 SMA on the 4-hour time frame to signal that the path of least…

Bitcoin (BTC) Price Watch: Last Chance for Bulls?

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Bitcoin Price Key Highlights Bitcoin price is in the middle of a larger correction to the area of interest previously highlighted. If support holds, bitcoin could recover to the Fibonacci extension levels marked on the 4-hour time frame. Technical indicators appear to be suggesting that there’s still a chance for bulls to charge at these levels. Bitcoin price is making a deeper correction from its earlier rally, and technical indicators suggest that the climb could resume. Technical Indicators Signals The 100 SMA is safely above the longer-term 200 SMA to…

Bitcoin Cash Price Analysis: BCH/USD Could Recover To $740

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Key Points Bitcoin cash price found support near the $684 level and started a recovery against the US Dollar. There was a break above a short-term bearish trend line with resistance at $705 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair could continue to trade higher towards the next resistance at $740 in the near term. Bitcoin cash price is slowly recovering above $700 against the US Dollar. BCH/USD may perhaps recover further towards the next hurdle at $740. Bitcoin Cash Price Recovery This…

Don’t Expect New Bitcoin Price Highs in 2018

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Tuur Demeester is an economist and investor. The following article references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for that. Despite an already six month cool-off period, for 2018 we see more sideways and downside potential in the bitcoin price due to sluggish retail demand, hesitation from institutions and a current market cap that seems too high relative to the activity occurring on available blockchains. Many investors and advisors are on record stating that $5,700 was…

Star Bucks Yet To Accept Bitcoin Payments

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Regardless of all these strong fundamentals ranging from CoinBase custodial services to Star Buck “acceptance of Bitcoin” via International Exchange, Bitcoin (BTC) isn’t finding any support. As a matter of fact, it looks likely that sellers might drive prices below $6,800 this week. Of course, when this happens, our long position would no longer hold. From the News It’s back to Mt Gox bankruptcy proceedings and while Koyabashi, the trustee holding more than 250,000 BTCs, won’t be liquidating BTCs as before, investors won’t have a lee way to receive compensation…