Day: October 8, 2018

‘Bitcoin Price to Hit $10,000 this Year, Now Close to Bottom,’ Says Spencer Bogart

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After experiencing not the best times, the crypto market had a big last week. On Wednesday, TD Ameritrade announced a strategic investment in an exchange called ErisX to let consumers invest in cryptocurrency on a regulated platform. On Thursday, cryptocurrency index fund leader Bitwise Asset Management announced an investment from longtime financial advisor and billionaire Ric Edelman. Coinbase pleased its customets with the launch of three new products and introducing ‘Child Pays for Parent’ system to speed up Bitcoin payments. On Friday, David Swensen, known as Yale’s Warren Buffett, invested in two venture funds dedicated…

Ripple Price Analysis: XRP/USD Under Pressure Below $0.5050

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Key Highlights Ripple price declined heavily and broke the $0.5200 and $0.5050 support levels against the US dollar. This is a major bearish trend line in place with resistance at $0.4950 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains in a bearish zone as long as there is no close above $0.4950 and $0.5050. Ripple price trimmed most of its gains against the US Dollar and Bitcoin. XRP/USD is likely to decline further unless buyers push the price above $0.5050. Ripple Price Analysis…

From Encrypted Messaging to Critical Fire Systems: Blockchain for Security Sector

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Blockchain-based systems’ decentralized nature makes for their formidable resiliency to the outsiders’ attempts to infiltrate or take down such networks. Governments, law enforcement agencies and even military leadership around the world seem to be embracing a more blockchain-friendly way of thinking as they realize that the power of distributed ledger technology (DLT) could be harnessed to advance their goals in numerous ways. This generates increased demand for security-enhancing solutions, which pushes the private sector to come up with such products at an ever-increasing pace. The latest use case – Israel’s…

Ethereum Price Analysis: ETH/USD Remains Supported Above $220

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Key Highlights ETH price is holding the $220 support level very well against the US Dollar. There is a short-term connecting bearish trend line formed with resistance at $225 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $225, $228 and $230 resistance levels to gain momentum in the near term. Ethereum price remained above key supports against the US Dollar and bitcoin. ETH/USD is placed nicely for more gains above the $214 trend support. Ethereum Price Analysis Recently, there was a solid support…

Rapper Soulja Boy Releases New Single Titled ‘Bitcoin’

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Former Grammy and Nickelodeon Kids’ Choice Awards nominee Soulja Boy has become the latest celebrity seeking to associate themselves with cryptocurrency after releasing his new single, ‘Bitcoin’. Also Read: U.S. Senators Push for Stronger Sanctions Against Venezuelan Petro Soulja Boy Drops ‘Bitcoin’ Single Soulja Boy’s latest single, titled ‘Bitcoin’, comprises a slightly confounding attempt to brag about the riches Soulja has accrued through cryptocurrency investments. The song’s chorus opens by asserting that Soulja Boy has “made 100 racks off of bitcoin.” According to Urbandictionary, one ‘rack’ is equal to $1,000 USD,…

Institutional Investments in Crypto Funds is a Big Deal

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Crypto industry has received an unusual amount of funding this year from investors. And a prominent venture capital investor thinks it is a big deal. Garry Tan, an early stage investor with companies like Coinbase and Instacart in his portfolio, commented on the growing amount of institutional money that is flowing into crypto-funds. He stated that he is “super confused” at the FUD this old-school-new-school combination is receiving from the core crypto believers. Emphasizing that mainstream investors were not pouring in small money, Tan said the endowment equates investments that are put…

Bitcoin Cash Price Analysis: BCH/USD Eyeing Gains Above $525

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Key Points Bitcoin cash price traded higher recently and moved above the $515 resistance against the US Dollar. There was a break above a crucial bearish trend line with resistance at $512 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is now placed in a positive zone and it could continue to move higher towards $530 and $540. Bitcoin cash price is slowly moving higher against the US Dollar. BCH/USD is likely to continue higher once buyers gain momentum above the $525 level. Bitcoin…

Ripple (XRP) Price Watch: Double Bottom and Trend Line Break

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Ripple Price Key Highlights Ripple is breaking above the descending trend line that’s been holding since the start of the month to signal a reversal. Price is still retesting the broken resistance, and there may be a chance that this could be a fake out. Technical indicators are also suggesting that the selloff could still resume from here. Ripple is starting to break above the descending trend line on its 1-hour chart but is still too close to the resistance. Technical Indicators Signals The 100 SMA is below the longer-term…

Bitcoin (BTC) Price Watch: Is That a Bullish Breakout Yet?

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Bitcoin Price Key Highlights Bitcoin price appears to be closing above the top of its symmetrical triangle pattern to show that bulls are gaining the upper hand. If so, this could lead to a rally that’s roughly the same height as the formation, which spans $6,000 to $10,000. Technical indicators are giving mixed signals, although there seem to be signs of slowing bearish pressure. Bitcoin could be breaking above the top of its symmetrical triangle to signal that a longer-term climb is underway. Technical Indicators Signals The 100 SMA is…

45 cents to 55 Cents Perfect for Buying at Discount

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From xRapid launch, comments from Michael Didiuk and recent partnership between Ripple Labs and Santander’s One Pay X, Ripple fundamentals are vibrant.  However, we are yet to see that spill over to price. So far, XRP is down 18 percent from last week’s highs but could pull back above 50 cents. Once it does, conservative traders can buy on pull backs with first targets at 80 cents as per our previous XRP highlights. Latest Ripple News It’s like the anticipation of SEC to deliver a favorable ruling on XRP has…