Day: April 6, 2019

$100,000 By 2021? Bitcoin (BTC) Investors Maintain Cheery Tone

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Bitcoin Ready For A Parabolic Rally? While Bitcoin is far from a full-on bull run, analysts have already tried to call the next BTC top, if there is one that is. And as normal, these traders have been crazy bullish. Trace Mayer, a long-time Bitcoiner, recently remarked that per his indicator, the Mayer Multiplier, which ways current prices and the 200-day moving average, we may have just entered “crypto spring.” In fact, the Mayer Multiplier recently surmounted 1.0, and is moving in a way that resembles that seen in 2015’s…

The Media’s Cringeworthy Coverage of Bitcoin’s Latest Price Surge

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Mainstream news coverage of cryptocurrency is often disingenuous or factually incorrect – that’s certainly no surprise given the nascent technology is widely misunderstood. But if one would have thought that recent milestones – bitcoin’s 10th anniversary, the arrival of crypto projects from the likes of JP Morgan and Facebook – would have encouraged the media to get smarter, this week’s news shows attitudes at major publishers haven’t changed much. This is especially true during times of heavy market activity like that of bitcoin’s April 2 breakout, which saw its price rise…

The Media’s Cringeworthy Coverage of Bitcoin’s Latest Price Surge

boss

Mainstream news coverage of cryptocurrency is often disingenuous or factually incorrect – that’s certainly no surprise given the nascent technology is widely misunderstood. But if one would have thought that recent milestones – bitcoin’s 10th anniversary, the arrival of crypto projects from the likes of JP Morgan and Facebook – would have encouraged the media to get smarter, this week’s news shows attitudes at major publishers haven’t changed much. This is especially true during times of heavy market activity like that of bitcoin’s April 2 breakout, which saw its price rise…

Bitcoin (BTC) Bottoming At $3,100 Might “Make Sense”

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$3,100 Might Have Been It For Bitcoin Ever since Bitcoin (BTC) dramatically rebounded off $3,150, propelling itself above $4,000 in the week that followed, some have wondered where the bottom really lies for this cryptocurrency market phase. Anthony Pompliano of Morgan Creek Digital doubled-down on the idea that a $2,500 BTC was likely after the recovery, and other pundits were just as wary. But, with the recent surge, which pushed BTC past key resistances at $4,000, $4,200, $4,600, and even the low $5,000s, some have begun to change their mindset.…

Bitcoin (BTC) Bottoming At $3,100 Might “Make Sense”

boss

$3,100 Might Have Been It For Bitcoin Ever since Bitcoin (BTC) dramatically rebounded off $3,150, propelling itself above $4,000 in the week that followed, some have wondered where the bottom really lies for this cryptocurrency market phase. Anthony Pompliano of Morgan Creek Digital doubled-down on the idea that a $2,500 BTC was likely after the recovery, and other pundits were just as wary. But, with the recent surge, which pushed BTC past key resistances at $4,000, $4,200, $4,600, and even the low $5,000s, some have begun to change their mindset.…

Bitcoin (BTC), Ethereum, Ripple and BCH Poised for Further Gains

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Bitcoin price is consolidating and likely setting up for a fresh rise above $5,050 against the US Dollar. Ethereum, ripple, bitcoin cash and litecoin are trading with a positive bias above key supports. There is a major bullish trend line formed with support at $4,820 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $5,050 and $5,100 resistance levels to start a fresh increase towards $5,300. Bitcoin (BTC) is trading with a bullish bias and it could rally above the $5,100 resistance.…

Traders Expect Further Bitcoin Price Pullback, Crypto Market Overbought

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BTC Well Overbought, Leg Lower Likely Following Thursday’s slight pullback, the crypto market continued higher on Friday. As of the time of writing this, Bitcoin (BTC) is trading at $5,020, down $300 from this week’s peak. Still, Bloomberg claims that the cryptocurrency is still well overbought. The outlet reports that according to the GTI Global Strength Indicator, a measure of market strength that is similar to the widely-used Relative Strength Index, is showing clear red flags. In fact, the signal is currently reading that Bitcoin is the most overbought on…

Ripple Co-Founder Gives $25 Million Donation in XRP to San Francisco University

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Chris Larsen, co-founder of San Francisco-based technology company Ripple, and his wife Lyna Lam have donated $25 million in XRP to a university in California, according to an official announcement on April 5. Larsen and Lam contributed $25 million worth of XRP tokens to San Francisco State University’s (SFSU) College of Business through RippleWorks, a private foundation that provides practical support to promising social entrepreneurs. The university will direct the funds to support students studying global entrepreneurial and fintech ecosystems. According to SFSU, the donation is the largest single contribution…