Day: April 12, 2019

Bitcoin ‘Misery Index’ Flashes Highest Since Mid-2016; Crash Coming?

boss

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. While bitcoin hovers near its highest price in months, you may not have noticed a big move in Fundstrat Global Advisors’ Bitcoin Misery Index. Fundstrat head and perma-bull Thomas Lee…

Bitcoin (BTC) Bulls Take Back Seat, $4,850 Holds The Key

boss

Bitcoin price started a major downward move after it failed to stay above $5,150 against the US Dollar. The price declined below the $5,080 and $5,000 support levels to enter a short term bearish trend. There is a key declining channel in place with resistance at $5,040 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could decline further towards the main support near $4,850, where bulls could take a stand. Bitcoin price failed to hold the key $5,220 and $5,150 supports against the US…

Crypto Market Near Crucial Juncture: Bitcoin Cash, XLM, EOS, TRX Price Analysis

boss

The total crypto market cap declined more than $10 billion and tested the key $158.0B support. Bitcoin cash price is down around 7% and it is currently trading near the $265 support. EOS price broke the key $5.50 support and tested the $5.25 support zone. Stellar (XLM) price retreated from highs and it is currently approaching the $0.1100 support area. Tron (TRX) is down around 6% and it recently broke the $0.0270 support level. The crypto market cap, bitcoin (BTC) and Ethereum (ETH) declined recently towards important supports. BCH, Stellar…

Ripple (XRP) Price Breaks Key Support, Turns Sell on Rallies

boss

Ripple price declined heavily after it broke the key $0.3500 support area against the US dollar. The price broke many supports on the way down such as $0.3440, $0.3350 and even $0.3250. There is a short term bearish trend line formed with resistance near $0.3260 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is clearly trading in a bearish zone and recovery could face sellers near $0.3260 or $0.3320. Ripple price declined heavily below key supports against the US Dollar and bitcoin. XRP remains…

Ethereum (ETH) Price Eyeing Last Line of Defense Near $155

boss

ETH price extended losses and traded below the $170 support level against the US Dollar. Sellers gained momentum and pushed the price towards the $160 support level. There is a key bearish trend line in place with resistance at $164 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down and it is likely to test the key $155 support area in the near term. Ethereum price struggled recently and declined heavily versus the US Dollar and bitcoin. ETH is likely to test…

Chinese Crypto Legend Doesn’t Expect Bitcoin (BTC) Breakout, But He’s Still Bullish

boss

BTC Set To Range Between $4,000 And $6,000 According to 8BTC, an Asia-centric crypto outlet, Zhao Dong, one of China’s biggest names in the Bitcoin space, has taken to Weibo to express his thoughts on the current state of this embryonic market. Interestingly, Zhao was adamant that BTC’s rally seen last week, which brought the asset above $5,000 for the first time since November, isn’t a clear sign that the bear market is over. This quip comes as some notable industry specialists, like Fundstrat’s Tom Lee, have claimed that bears…

Tom Lee: Bitcoin Misery Index Indicates Crypto Winter Ended When BTC Hit $3,000

boss

Is The Bitcoin Bear Market Over? Fundstrat’s Tom Lee, a Bitcoin (BTC) permabull, has taken to public forums again to explain why he believes that worst is in for cryptocurrency market. In a tweet posted Thursday, the Fundstrat head of research claimed that his firm’s proprietary aptly-named Misery Index, which weighs an array of factors to find out Bitcoin investor sentiment, reached a reading of 89 (very happy) on April 2nd, which was when BTC rallied past $5,000. The Bitcoin Misery Index reached 89 on 4/2. Highest reading since June…

Digital Asset Partners With Cloud Software Giant VMware

boss

Digital Asset, the firm that created the DAML smart contract programming language, has partnered with major cloud computing company VMware, according to an announcement on April 11. According to the press release, Digital Asset will integrate its Digital Asset Modelling Language (DAML) on VMware’s blockchain platform. The development will purportedly “allow for broader reach and support as a combined offering.” Senior Director of Blockchain at VMware Michael DiPetrillo said: “DAML has been proven to be one of the few smart contract languages capable of modeling truly complex workflows at scale.”…

Libertarian Think Tank Criticizes US SEC’s Approach to Crypto and Blockchain

boss

John Berlau, a senior fellow at libertarian think tank Competitive Enterprise Institute, criticized the United States Securities and Exchange Commission’s (SEC) approach to regulating cryptocurrencies. Berlau delivered his comments in a report published on April 11. In a report called “Cryptocurrency and the SEC’s Limitless Power Grab: Why Speculative Consumer Goods Are Not ‘Securities,’” Berlau claimed that blockchain technology and cryptocurrencies are transformative innovations, potential of which has been stunted by “burdensome regulation.” Berlau stated that “among federal financial regulatory agencies, none poses a greater threat to cryptocurrency and the…