Month: February 2019

Bitcoin Price Watch: BTC Recovery Won’t Be Easy Above $3,900

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Bitcoin price declined heavily and later found support near the $3,630 level against the US Dollar. The price recovered recently and traded above the $3,700 and $3,750 resistance levels. There is a short term ascending channel in place with resistance at $3,880 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to face a strong resistance near the $3,880 and $3,900 levels in the near term. Bitcoin price started a decent recovery above $3,750 against the US Dollar. However, BTC is likely to…

Crypto Market Facing Uphill Task: EOS, Bitcoin Cash, TRX, ADA Price Analysis

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The total crypto market cap found support near $121.0B and later recovered above $124.0B. EOS price corrected lower sharply and traded below the $3.80 and $3.60 support levels. Bitcoin cash price is currently trading nicely above the $132 and $130 supports. Tron (TRX) price is under pressure below the $0.0250 and $0.0248 resistance levels. Cardano (ADA) price is currently holding the $0.0420 support area, with a positive angle. The crypto market recovery is facing a lot of hurdles on the upsides. Gains in bitcoin (BTC), Ethereum (ETH), EOS, BCH, ripple,…

Ripple Price Analysis: XRP’s Rally Runs Into Resistance But More Gains Likely

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Ripple price rallied sharply above $0.3200 against the US dollar after the Coinbase listing announcement. The price traded above the $0.3220 and $0.3300 resistance levels before it faced sellers near $0.3400. There is a crucial connecting bearish trend line formed with resistance at $0.3360 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may correct a few points, but dips remain supported above $0.3200. Ripple price climbed higher sharply against the US Dollar and bitcoin after the positive news of Coinbase listing. XRP/USD tested the…

Ethereum Price Analysis: ETH Remains Sell Until It Breaks 100 SMA

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ETH price corrected a few points after a sharp decline below the $142 support area against the US Dollar. The price corrected above $138, but the previous supports at $141 and $142 prevented gains. There is a short term breakout pattern in place with resistance at $140 on the hourly chart of ETH/USD (data feed via Kraken). The pair must break the $142 resistance and the 100 hourly simple moving average to move into a positive zone. Ethereum price started consolidating losses after a major drop against the US Dollar…

Global IT Firm Cisco Systems Opens Tech Development Center in Singapore

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International tech and IT firm Cisco Systems has opened a Co-Innovate Center in Singapore, the Bangkok Post reports on Feb. 25. Cisco CTO Dave Ward reportedly said that the new center — there are 14 worldwide — will help stimulate the development of new technology in the region. The branch in Singapore will purportedly concentrate on cybersecurity, the Internet of Things (IoT) and blockchain technology. The IT firm will reportedly offer various prototypes and display potential applications of new technology in different commercial contexts, as well as in public administration…

Netherlands: Bitcoin Trader Attacked in His Home

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A Bitcoin (BTC) trader has been attacked in his home in the Netherlands by a group of robbers disguised as the police, local news outlet De Telegraaf reported on Feb. 23. A 38-year Tjeerd H. was reportedly the victim of a violent raid in his home in Drouwenerveen on Feb. 10, wherein a group of criminals wearing balaclavas and bulletproof vests with a police coat threatened him with firearms. While the motive of the raid is not clearly established, De Telegraaf conducted their own investigation revealing that H. had been…

Warren Buffett Calls Bitcoin (BTC) a “Delusion”

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Bitcoin (BTC)–The “Oracle of Omaha” and one of America’s most beloved investors is not winning himself any supporters in the industry of cryptocurrency. Buffet–who has made regular comments detracting Bitcoin, cryptocurrency and its investment base–is back in the headlines with harsh remarks for digital assets. Despite otherwise growing adoption in the form of coin projects being pushed by Facebook and JP Morgan, the CEO of Berkshire Hathaway still believes BTC to be a “delusion” in an interview with CNBC posted on Feb. 25. Among a number of negative comments, including…

Warren Buffett Calls Bitcoin (BTC) a “Delusion”

boss

Bitcoin (BTC)–The “Oracle of Omaha” and one of America’s most beloved investors is not winning himself any supporters in the industry of cryptocurrency. Buffet–who has made regular comments detracting Bitcoin, cryptocurrency and its investment base–is back in the headlines with harsh remarks for digital assets. Despite otherwise growing adoption in the form of coin projects being pushed by Facebook and JP Morgan, the CEO of Berkshire Hathaway still believes BTC to be a “delusion” in an interview with CNBC posted on Feb. 25. Among a number of negative comments, including…

Former Goldman Sachs Exec Joins Blockchain-Focused Hedge Fund

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Former Goldman Sachs executive Marco Lim has reportedly been appointed as a managing partner at Hong Kong-based blockchain and cryptocurrency-focused hedge fund MaiCapital, Finance Magnates reported on Feb. 25. Prior to joining MaiCapital, Lim also served at Deutsche Bank, Credit Suisse, and Forex Capital Markets, specializing in foreign exchange sales, according to Lim’s LinkedIn profile. At MaiCapital, Lim is expected to bring his expertise in sales and marketing to further develop the company. Benedict Ho, a Co-Founder and Managing Partner at MaiCapital, told Finance Magnates that “Marco will focus primarily…

Crypto Markets Recovering After Yesterday’s Dive, Palladium Hits New Record High

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Monday, Feb. 25 —  cryptocurrency markets are seeing mixed signals as of press time, with some of them reporting a bit of recovery from the nosedive they took on Feb. 24, while others continue to slip downward. Market visualization by Coin360 The leading cryptocurrency Bitcoin (BTC) is up 1.4 percent over the last 24 hours, and is trading at around $3,884 at press time. Bitcoin has seen low volatility during the day, having dropped to as low as $3,807, while the intraday high reached $3,912. In terms of a weekly…