Day: October 16, 2018

September ICO Market Overview: Trends, Capitalization, Localization

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Disclaimer: This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision. The ICOmeter aims to provide the accurate and concise information about the development of the ICO market in the previous month, and its relation to the all-time statistics. The ICO market data is provided by ICObench, based upon the projects’ announcements recorded in ICObench database, which includes over 4600 ICOs since August 2015. In the last 12 months, the ICO market has shown…

Bitcoin Price Watch: BTC/USD Buyers Losing Grip Below $6,520

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Key Points Bitcoin price revered yesterday’s gains and traded below the $6,500 support against the US Dollar. There is a short-term ascending channel in place with support at $6,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could dip towards the $6,340 or $6,320 support before moving back higher. Bitcoin price is struggling to gain momentum above $6,500 against the US Dollar. BTC/USD could correct a few points before a fresh upward move. Bitcoin Price Analysis Yesterday, we saw a sharp upward move above…

Another Top-10 Crypto Exchange Is Adding 4 Stablecoins This Week

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Huobi has announced it will list four U.S. dollar-pegged cryptocurrencies this week, making it the latest major exchange to do so in wake of recent issues surrounding the tether cryptocurrency. In an announcement Tuesday, the Singapore-based exchange – currently, the fourth-largest by trading volume – said it will open deposits and withdrawals for TrustToken’s TUSD, Circle’s USDC, and two regulator-approved stablecoins: the Gemini exchange’s GUSD and Paxos’ PAX, on Oct. 19. Huobi is also the fourth-largest trading platform for the trading of U.S dollar-pegged stablecoin tether (USDT), with $231 million-worth changing…

Institutions Will Get Into Bitcoin in Q1-Q2 2019 Bringing ‘New Highs’

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Investor and cryptocurrency bull Mike Novogratz has fine-tuned his Bitcoin price outlook, repeating to Bloomberg Monday, October 15, that it would not break $10,000 in 2018. The Galaxy Investment Partners creator, who is known for his optimism about Bitcoin’s future, had previously called a “bottom” in the market in mid-September. Now, he thinks more time is required for momentum to build to take prices higher, and the long-anticipated wave of institutional investors piling into the cryptocurrency space will only occur next year. “…I think Q1 [or] Q2 [2019] if the…

Ethereum Classic Price Analysis: ETC/USD Eyeing Upside Break Above $10

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Key Highlights Ethereum classic price is forming a decent support base near the $9.20 level against the US dollar. There is an ascending channel formed with support at $9.35 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is likely to move higher and it could even break the $10.00 resistance in the near term. Ethereum classic price is positioning for a recovery against the US Dollar and Bitcoin. ETC/USD could gain traction once it breaks the $10.00 resistance. Ethereum Classic Price Analysis There was…

Do These Indicators Suggest a Bitcoin Price Rally Early in 2019?

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Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization has enjoyed a staggering price increase in excess of 150,000 percent since it was first listed on exchanges back in July 2010. Since then, the cryptocurrency has also experienced multiple bull runs, bear runs (the longest of which consumed much of 2014 and 2015) and stronger media attention year on year. From a technical perspective, the relationship BTC has with traditional charting patterns is occasionally counter-intuitive to what one would normally expect. Take, for example, the descending triangle which is typically…

Ripple Price Analysis: XRP/USD Bullish Above $0.4250

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Key Highlights Ripple price surged higher and broke the key $0.4200 and $0.4300 resistance levels against the US dollar. There is a short-term channel formed with support at $0.4290 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to break the $0.4500 resistance to climb once again towards the $0.4700 level. Ripple price is placed in a bullish zone against the US Dollar and Bitcoin. XRP/USD may continue to accelerate gains above $0.4400 and $0.4500 in the near term. Ripple Price Analysis Yesterday,…

Binance Uganda to Begin Accepting Deposits in Ugandan Shilling, BTC & ETH

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Months after announcing the launch of Uganda’s first-ever fiat-crypto exchange, Binance has made another step towards facilitating cryptocurrency trading in the East African country. Beginning October 17, users will be able to make deposits to Binance Uganda in the leading cryptocurrencies bitcoin and ethereum as well as in Ugandan Shillings. This will allow trading in bitcoin to Ugandan shillings and vice versa as well as ethereum to Ugandan shillings and vice versa. However, trading in the BTC/UGX and ETH/UGX pairs will not commence immediately and will be announced at a…

ETH up Two Percent as Fidelity Investment Enter Space

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Straight from Fidelity Investment creation of a new crypto subsidiary to yesterday’s altcoins revival, odds are ETH are likely to edge higher today. Though it is down six percent in the last week, the three percent gain in the last 24 hours at the back of high trading volumes could be the impetus bulls need to rally above $300. Latest Ethereum News There is a sweeping tide in traditional Wall Street corporations and Fidelity Investment is the latest to see opportunity in crypto and ancillary services. The fund management firm…

Ethereum Price Analysis: ETH/USD Holding Gains Above $200

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Key Highlights ETH price surged above the $215 level and later retreated towards $200 against the US Dollar. There is a key connecting bullish trend line in place with support at $202 on the hourly chart of ETH/USD (data feed via Kraken). The pair needs to break the $204-205 resistance area to resume its upside move in the near term. Ethereum price is currently consolidating against the US Dollar and bitcoin. ETH/USD must stay above $200 to climb higher towards $205 and $210. Ethereum Price Analysis Yesterday, we saw a…