Day: January 15, 2019

Bitcoin Price Watch: Choppy Price Action Could Lead BTC Higher

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Bitcoin price found support near $3,400 and later recovered above $3,660 against the US Dollar. There was a break above a key bearish trend line with resistance at $3,560 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently consolidating above $3,600 and it could dip towards the $3,560 support. Bitcoin price recovered nicely above $3,500 and $3,600 against the US Dollar. However, the current price action is choppy, suggesting swing moves in BTC above $3,560. Bitcoin Price Analysis Recently, we saw a major…

Bitcoin Experiences Volatile Start to the Year, Struggles to Maintain $4,000 Mark: BTCManager’s Week in Review

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The price of bitcoin jumped to surpass the $4,000 mark to kickstart the week early on Monday morning but dropped back down again to close the week five percent lower at around $3,650. Investors rejoiced to see bitcoin jump back above the important $4,000 mark but were quickly disappointed again when bitcoin dropped from this year’s high of $4,102 down to the $3,600 to $3,700 range ahead of the weekend. The price drop occurred after China announced new regulations to de-anonymize blockchain users in the People’s Republic and to allow…

Crypto Market Gains Traction: EOS, Tron (TRX), Bitcoin Cash, ADA Price Analysis

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The total crypto market cap found support near $112.00B and recovered above $120.00B. EOS price is up more than 8% and it may extend gains above the $2.50 resistance. Bitcoin cash price is back above the $130 level and it could test the $135 and $138 resistances. Tron (TRX) price rallied close to 10% and cleared the $0.0250 resistance. Cardano (ADA) price found support above $0.0400 and recovered above $0.0430. EOS and Tron (TRX) are gaining bullish momentum as the crypto market recovers nicely. Bitcoin, BCH, Ethereum, and altcoins like…

If History Rhymes, Bitcoin (BTC) May Bottom At $1,700: Crypto Analyst

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Bitcoin (BTC) Could Bottom At $1,700 Murad Mahmudov, a Princeton graduate with dreams of launching his own crypto-centric hedge fund, has quickly become a leading Bitcoin (BTC) analyst, posting an array of in-depth, respectable bits of technical, historical, and fundamental analysis that have resonated with investors. On Sunday, the industry insider took to Twitter to issue his latest analysis thread. 1/ Let’s go on a little journey. What if the history does indeed rhyme? pic.twitter.com/VDSonz68Gw — Murad Mahmudov ? (@MustStopMurad) January 13, 2019 Mahmudov first drew attention to Bitcoin’s historical…

Ripple Price Analysis: XRP Targets Fresh Weekly Highs Above $0.3500

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Ripple price found support above the $0.3100 level and recovered above $0.3300 against the US dollar. There was a break above a major bearish trend line with resistance at $0.3200 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could extend gains towards $0.3500 if there is a break above the $0.3360 resistance. Ripple price recovered nicely in the past few hours against the US Dollar and Bitcoin. XRP/USD may target the $0.3500 resistance if it breaks $0.3360 and $0.3400. Ripple Price Analysis Recently, we…

Ethereum Price Analysis: ETH Breaks Key Resistance As Sellers Lose Control

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ETH price rallied recently and recovered sharply above $121 and $126 against the US Dollar. Yesterday’s highlighted important bearish trend line was breached at $121 on the hourly chart of ETH/USD (data feed via Kraken). The pair tested the $130-132 resistance area and now it may correct a few points in the near term. Ethereum price jumped back above key pivot levels against the US Dollar and bitcoin. ETH/USD could continue to move higher towards $136 after a minor downside correction. Ethereum Price Analysis Yesterday, we saw a nasty decline…

India’s Biggest Conglomerates Explore Blockchain for B2B Payments

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Despite a plethora of sometimes unclear regulations and restrictions, large businesses and banks in India are still embracing cryptocurrency — or at least some of the technology that underpins it — as a more reliable way to reconcile accounts, make payments, keep proper records, and manage internal funds. According to a report in the India Times, a number of Indian corporations are currently trialing blockchain technology as a means of record keeping. Top Firms in India Eye Blockchain for Payments Despite the traditionally hostile stance of the Reserve Bank of India on cryptocurrency…

India’s Biggest Conglomerates Explore Blockchain for B2B Payments

boss

Despite a plethora of sometimes unclear regulations and restrictions, large businesses and banks in India are still embracing cryptocurrency — or at least some of the technology that underpins it — as a more reliable way to reconcile accounts, make payments, keep proper records, and manage internal funds. According to a report in the India Times, a number of Indian corporations are currently trialing blockchain technology as a means of record keeping. Top Firms in India Eye Blockchain for Payments Despite the traditionally hostile stance of the Reserve Bank of India on cryptocurrency…

2018 Sees ‘Record Transacting Volumes’ on Crypto Exchanges

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Cryptocurrency exchanges have closed 2018 with “record transacting volumes,” according to a report by research firm Diar published Jan. 14. In its report, Diar notes that both the number of trades and the trade volume have increased on major crypto exchanges in 2018, compared to 2017 figures. The firm predicts that 2019 will see lower figures for spot markets than in 2017, despite the likely increase in the variety of traded cryptocurrencies. According to Diar’s data, the combined trade volume of the USD markets on major United States crypto exchange…

Gauging Community Expectations and Developer Readiness as Ethereum’s Constantinople Launch Date Approaches

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The next attempt to implement the Ethereum (ETH) hard fork is expected to come in the interval from Jan. 14 to Jan. 18 — or according to Afri Schoedon, the release manager for the Parity Ethereum client, Jan. 16. At that point, the 7,080,000 block will be extracted, and the Constantinople upgrade will be activated. all-core-devs call: constantinople upgrade for ethereum mainnet activation suggested for 16th of january 2019, block number to be confirmed on black friday in a fortnight — Afri ?️ Jan 16 (@5chdn) November 9, 2018 To…