Month: March 2019

Bitcoin (BTC) Price Signaling Additional Losses Below $3,900

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Bitcoin price failed to surpass the $4,000 resistance level and declined against the US Dollar. The price declined sharply and broke the key $3,940 support area to enter a bearish zone. Yesterday’s highlighted major bearish trend line is intact with resistance at $3,950 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair traded towards the $3,850 support and it is currently higher towards key resistances. Bitcoin price declined below important supports near $3,940 against the US Dollar. BTC might correct in the short term, but…

Crypto Market Back In Red: Litecoin (LTC), BCH, TRX, ADA Price Analysis

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The total crypto market cap failed to move above the $134.0B resistance and declined heavily. Litecoin (LTC) price moved down and broke the $62 and $60 support levels. Bitcoin cash price is down more than 4% and it recently broke the $160 support level. Tron (TRX) price declined recently, but it is still above the key $0.0220 support. Cardano (ADA) price is currently consolidating above the $0.0600 support level. The crypto market cap declined heavily, with strong bearish moves in bitcoin (BTC) and Ethereum (ETH). Ripple, litecoin (LTC), bitcoin cash,…

Ripple Price Analysis: XRP Bears Target $0.2800 Post Downside Break

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Ripple price remained in a bearish zone and declined below the key $0.3060 support against the US dollar. Bears remain in action as they managed to push the price below the $0.3000 support. Yesterday’s highlighted important bearish trend line is intact with resistance at $0.3035 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently correcting higher, but bears remain in control below $0.3040 and $0.3060. Ripple price declined heavily and broke many supports against the US Dollar and bitcoin. XRP/USD is currently in…

Ethereum Price Analysis: Selling ETH Close To $135 A Good Deal

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ETH price failed to climb above the $137 resistance and declined later against the US Dollar. The price declined heavily and broke the $134 and $132 support levels. Yesterday’s highlighted key bearish trend line is active with resistance at $135 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently correcting higher, but it is likely to face sellers near $134 and $135. Ethereum price declined sharply below key supports against the US Dollar and bitcoin. ETH might correct higher, but it is likely to struggle…

Analyst: Bitcoin (BTC) To Soon Retest $3,100 Range

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Will Bitcoin Retest Its Lows? Over recent hours, the crypto market has finally slipped after days of low volatility. As of the time of writing this, Bitcoin (BTC) is still at $3,964 — down 1.6% on the day — as altcoins across the board have experienced similar losses. Ethereum, XRP, and Litecoin are all down by effectively the same as Bitcoin percentage-wise, and those in lower standing are hurting slightly more. While this move hasn’t entirely shocked traders, some are wary that there is more pain to come. According to…

QuadrigaCX Would Never Have Lost Crypto Keys Had It Been in Bermuda, Says Premier

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The Premier of Bermuda, David Burt, has argued that a QuadrigaCX-like situation could not have happened in Bermuda because of the country’s existing legislation in regard to cryptocurrencies. Burt made his statements in an interview on Fortune’s “Balancing the Ledger” show on March 25. Burt delivered his comments following QuadrigaCX’ founder, Gerald Cotten’s sudden death last December, and financial difficulty the exchange subsequently faced. QuadrigaCX has not been able to access its cold wallets where it kept most of its assets, because Cotten was apparently solely responsible for the wallets…

Crypto Must Leave Behind the Individualism of the Early Cypherpunks

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Ethereum (ETH) co-founder Vitalik Buterin has argued that the crypto community should evolve beyond the individualism associated with its early cypherpunk days and harness technology to create new, equitable and innovative systems with positive social impact. Buterin made his comments during a keynote speech at the RadicalxChange conference in Detroit, Michigan on March 24, BreakerMag reported on March 25. Buterin had jointly initiated RadicalxChange with economist Glen Weyl, co-author of the book “Radical Markets,” which argues in favor of rethinking markets from within an emboldened and radicalized liberal perspective as…

Bitcoin (BTC) Declines Below $4,000: Altcoins Instant Follow-up

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Despite all the momentum built by various coins during the last few days and the much welcomed gain experienced throughout the market, the crypto-market dropped for $4.0 bln in just a few hours with the beginning of this week. Source: coinmarketcap Per time of writing – the pioneer of cryptocurrencies Bitcoin BTC dropped below the major $4,000 as the momentum sprung last week got tired and the bears took over the wheel reaching the $3,945.60 level counting -1.73% in the negative against the US Dollar. The altcoins followed-up speedy and…

Toronto Bitcoin Trader Tempts Fate, Loses $75k as QuadrigaCX Collapses

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The QuadrigaCX failure has claimed another victim. More than 100,000 investors lost a combined $190 million in crypto as a result of the exchange’s comedy of errors that were exposed by the death of CEO Gerald Cotten. Investors were left grasping at straws for any hope of recovering the lost crypto funds, which were stored offline in cold wallets. One bitcoin trader, however, might just be kicking himself harder than anyone else. Greed Drove Trader to Gamble on QuadrigaCX Bill Tsao gambled on QuadrigaCX in its final hours since bitcoin…

Blockchain Spending in US to Reach $41 Billion by 2025

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Blockchain spending in the United States will increase from $3.12 billion to $41 billion by 2025, according to a new report published on March  25. A new report dubbed the “United States Blockchain Business Opportunities and Outlook Databook Series (2016-2025)” forecasts that blockchain spending in the U.S. will report a compound annual growth rate (CAGR) of 44.5 percent, rising from $3.1 million to $41.1 million by 2025. The report was released by market and research data platform Research and Markets. The report also reveals that during 2018, blockchain spending in…