March 12, 2019

Bitcoin (BTC) Price Watch: Key Reversal Could Trigger Additional Losses

March 12, 2019 boss

Bitcoin price failed to hold the key $3,860 support and traded lower against the US Dollar. The price even broke the $3,840 support and settled well below the 100 hourly simple moving average. There was a break below a crucial ascending channel with support at $3,830 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate declines if there is a break below the $3,800 support area. Bitcoin price is under pressure below the $3,860 support against the US Dollar. BTC could reverse gains…

Crypto Market Could Extend Losses: EOS, Bitcoin Cash, TRX, ADA Price Analysis

March 12, 2019 boss

The total crypto market cap declined recently and broke the key $128.0B support level. EOS price is down more than 6% and it broke the $3.75 and $3.60 support levels. Bitcoin cash price traded below the $130 support and it is currently under pressure near $128. Tron (TRX) price is down more than 4% and it broke the key $0.0220 support level. Cardano (ADA) price is holding the ground above the $0.0450 support area. The crypto market declined recently, with bearish moves in bitcoin (BTC) and Ethereum (ETH). EOS, BCH,…

Ripple Price Analysis: XRP Buyers To Defend Key $0.3000 Support?

March 12, 2019 boss

Ripple price failed to recover and extended losses below the $0.3100 support against the US dollar. The price settled below the $0.3100 support and the 100 hourly simple moving average. Yesterday’s major contracting triangle was breached with support at $0.3095 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could decline towards the $0.3000 support where buyers are likely to emerge. Ripple price is grinding lower towards key supports against the US Dollar and bitcoin. XRP/USD is likely to find a strong buying interest near…

Ethereum Price Analysis: ETH at Continued Risk of Weakness

March 12, 2019 boss

ETH price extended declines and traded below the $131 and $130 support levels against the US Dollar. The price is back above the $130 level, but it remains below the key $134 resistance. Yesterday’s key bearish trend line is intact with resistance at $134 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains in a bearish zone and it may continue to move down towards $128 or $126. Ethereum price is trading with a bearish bias against the US Dollar and bitcoin. ETH/USD is likely to…

Paxos’ Precious Metal-Backed Cryptocurrency to Launch This Year, CEO Says

March 12, 2019 boss

Blockchain trust company Paxos’ digital token backed by precious metals will be launched “definitely this year,” said Paxos CEO, Chad Cascarilla in an interview with Fortune’s Balancing the Ledger on March 11. During the interview, Cascarilla was asked whether Paxos is working on a gold-backed coin, wherein he replied that “it is something we will see definitely this year.” “We are excited about the concept of being able to take a commodity, and I think precious metals are really obvious ones, and gold is probably the most obvious and being…

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March 12, 2019 boss

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March 12, 2019 boss