Month: January 2019

Bitcoin Price Watch: BTC Could Make a Sustained Move Higher

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Bitcoin price traded higher and broke the $3,550 resistance level against the US Dollar. There is a connecting bullish trend line formed with support at $3,545 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is showing positive signs above the $3,545 level, but it must break the $3,585 resistance. Bitcoin price is slowly moving higher with positive signs against the US Dollar. BTC needs to overcome sellers near $3,580 and $3,600 for a sustained move higher in the near term. Bitcoin Price Analysis After…

Wall Street At Davos Want Blockchain, Not Bitcoin & Crypto

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Davos’ Attendees Enamored With Blockchain, Not Bitcoin Narrative Bitcoin became widely-known before blockchain did — there’s no doubt about it. Yet, Wall Street attendees of Davos‘ recent World Economic Forum annual event have stuck to the “blockchain, not crypto” script, lauding digital assets, while bashing the technology that was a byproduct of the propagation of cryptocurrencies. As Joseph Young, a leading crypto journalist and analyst put it, that’s like saying “airplanes will go to zero while engines have potential.” While these institutional representatives, many of which have vested interests in…

Ripple Price Analysis: XRP Trading Sideways Below Key Resistance

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Ripple price corrected lower and tested the $0.3130 support area against the US dollar. There was a break above a key declining channel with resistance at $0.3145 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently trading in a range below the key resistance levels at $0.3200 and $0.3220. Ripple price remains supported on dips against the US Dollar and Bitcoin. However, XRP/USD must break the $0.3200 and $0.3220 resistance levels to gain bullish momentum. Ripple Price Analysis Yesterday, we saw yet another…

Crypto Market Update: Bitcoin Cash, EOS, Stellar (XLM), Tron (TRX) Price Analysis

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The total crypto market cap is placed nicely above the $115.00B support level. Bitcoin cash is showing positive signs and it could recover above $130 and $132. EOS price is slowly moving higher towards $2.50, with a bullish angle. Stellar (XLM) is moving lower towards the all-important $0.1000 support level. Tron (TRX) is up more than 2% and it seems like it could soon test the $0.0285 level. The crypto market is consolidating above key supports. Bitcoin (BTC), BCH, Ethereum, EOS, ripple, stellar (XLM), tron (TRX) and other major altcoins…

Ethereum Price Analysis: ETH Relatively Muted, Next Move Finally Coming?

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ETH price revisited the $114 support area and later moved higher against the US Dollar. Yesterday’s highlighted declining channel is intact with resistance near $117 on the hourly chart of ETH/USD (data feed via Kraken). The pair may soon make the next move either above the $118-119 resistance or below the $114 support. Ethereum price is confined in a tight range against the US Dollar and bitcoin. ETH/USD is likely setting up for a major move in the coming sessions either above $120 or below $114. Ethereum Price Analysis Yesterday,…

Crypto Bull Claims Bitcoin (BTC) May Fall To $2,500 Before Rally

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Fractal Analysis Shows Bitcoin (BTC) At $2,500 Isn’t Impossible Clem Chambers, the founder of ADVFN and an active Forbes contributor, recently took to his column to talk about Bitcoin (BTC), and his expectations for the asset in upcoming marks. Using fractal analysis, which is effectively taking historical moves into account to predict futures bouts of price action, Chambers determined that this somewhat repeating pattern may be happening with the flagship cryptocurrency’s chart. In fact, he determined that BTC’s sudden downturn from November to now might have been a fractal of…

Unphased By the Bear Market, Bitcoin Use Soars On the Darknet

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A January 18, 2019, report from Chainalysis has revealed that the amount of bitcoin spent daily on the darknet doubled in 2018 despite the crash in crypto markets. The Crypto Dealings of the Darknet Many internet users are familiar with or have at least heard of the darknet. The darknet is a section of the Internet that is difficult to trace and can only be accessed by the use of special browsers that aren’t readily available in the open market. On the dark web, many illegal activities take place seemingly…

JP Morgan: Bitcoin (BTC) Could Fall To $1,250 If Crypto Bear Market Persists

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JP Morgan Expect Bitcoin (BTC) To Plunge According to an exclusive report from Reuters, JP Morgan’s very own analysts have begun to express cynicism towards cryptocurrencies, namely Bitcoin. The Wall Street giant, whose chief executive Jamie Dimon has overtly bashed BTC multiple times historically, released a report on its crypto & blockchain expectations on Thursday. In the research piece, analysts from JP Morgan, a multinational investment and financial services household name, first claimed that digital assets, along with blockchain technologies and similar innovations, will likely have close to zero impact on…

Overstock’s tZERO Security Token Platform Begins Live Trading

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E-commerce giant Overstock.com’s cryptocurrency subsidiary tZERO announced that secondary trading of tZERO tokens is now live, according to a press release published Jan. 24. Per the release, accredited investors can trade the security tokens through a digital securities brokerage account at Dinosaur Financial Group, which will act as a broker-dealer. Dinosaur partnered with tZERO subsidiary PRO Securities, which provides an alternative trading system for secondary trading of tZERO security tokens. CEO of tZERO Saum Noursalehi said: “The world of security tokens has lacked a regulated venue for secondary trading. The…

Coinbase Adds Tax Support Resources for US Customers, Including TurboTax Integration

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American cryptocurrency exchange and wallet service Coinbase has added resources for customers in the United States to claim crypto trades on their taxes, according to an official blog post on Jan. 24. In addition to adding an educational guide on crypto and taxes, Coinbase has also integrated with popular tax software TurboTax. According to the blog post, users of Coinbase.com and Coinbase Pro will be able to automatically import transactions into a new, crypto-specific section of TurboTax Premier. Coinbase says that it provided the new resources in order to make…