Day: April 17, 2019

Ripple (XRP) Price Approaching Key Resistance, Can Buyers Make It?

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Ripple price traded as low as $0.3134 and recently corrected higher against the US dollar. The price broke the $0.3200 resistance area, but it is still below the key $0.3280 resistance. Yesterday’s highlighted key bearish trend line is intact with resistance near $0.3280 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must break the trend line and $0.3300 to move into a positive zone. Ripple price managed to recover a few points against the US Dollar, similar to bitcoin. XRP is currently trading above…

Ethereum (ETH) Price Smashes Resistance, $175 Could Be Next

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ETH price formed a solid support near $155 and recovered nicely against the US Dollar. The price gained traction above the $162 resistance and the 100 hourly simple moving average. Yesterday’s highlighted key bearish trend line was breached at $164 on the hourly chart of ETH/USD (data feed via Kraken). The pair accelerated towards the $168 level and it may continue to rise towards the $175 level. Ethereum price started a fresh upward move versus the US Dollar, with positive moves in bitcoin. ETH is likely preparing for more gains…

Gate.io Raises $64 Million for Launch of New Exchange Cryptocurrency

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Crypto exchange Gate.io has raised $64 million worth of crypto assets in seven days for its own exchange cryptocurrency that won’t be launched on a blockchain for at least six months. One of the oldest Chinese exchanges, Gate.io claimed on Monday that over the last week it was heavily oversubscribed with orders totaling $2.99 billion for the so-called Gate Points, which can be used for offsetting trading fees on the platform. Moreover, each Gate Point further entitles a holder to receive 2.5 Gate Tokens (GT), the native cryptocurrency of Gatechain, the…

Crypto Winter Is Over, Bitcoin At $10,000 By Year’s End Possible: Trader

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Bitcoin Could See $6,000 Soon, $10,000 By Year’s End Bitcoin (BTC) bullish momentum has slowed, but analysts across the board are still cheery about the cryptocurrency. In a recent Forbes contributor post, Clem Chambers, the chief executive of ADVFN and a finance author, explained why he believes that crypto winter is over and that Bitcoin could rally as a result. He explains that the recent issuance increase in Tether (USDT), among other stablecoins, is what is “going to lift BTC,” looking to the fact that fundamentally, money “flowing into crypto…

Forbes Releases List of Billion Dollar Companies Using Blockchain

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Financial news outlet Forbes has released a list of “Blockchain’s Billion Dollar Babies,” or companies implementing blockchain technology that have minimum revenues or valuations of $1 billion, on April 16. The list includes companies in the cryptocurrency and blockchain development spaces, in addition to traditional financial firms like banks and clearing houses, food companies, supply chain management firms and others. Most of the companies listed are household names like Amazon, Walmart, Facebook, ING, Mastercard, Microsoft and Nestle. Cryptocurrency-related companies featured on the list include United States-based cryptocurrency exchange Coinbase, European…

Bitcoin Bears Are “F**ked” If Trend Pans Out, Claims Crypto Analyst

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According To Pattern, Bitcoin Might Have Bottomed Take a look at the two images below. On the right is an excerpt from the “Encyclopedia of Chart Patterns” by Thomas Bulkowski, which shows something called a “bump-and-run reversal bottom,” or BARR bottom for short. On the left is Bitcoin (BTC)’s one-week chart stretching from last August to now. Notice anything? Well, if you couldn’t tell, the pattern depicted on the right, which shows a series of higher lows, a massive sell-off on the back of monumental selling pressure, a zone of…

Bitcoin Bears Are “F**ked” If Trend Pans Out, Claims Crypto Analyst

boss

According To Pattern, Bitcoin Might Have Bottomed Take a look at the two images below. On the right is an excerpt from the “Encyclopedia of Chart Patterns” by Thomas Bulkowski, which shows something called a “bump-and-run reversal bottom,” or BARR bottom for short. On the left is Bitcoin (BTC)’s one-week chart stretching from last August to now. Notice anything? Well, if you couldn’t tell, the pattern depicted on the right, which shows a series of higher lows, a massive sell-off on the back of monumental selling pressure, a zone of…

Following Community Poll, Kraken Delists Bitcoin SV

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Major United States cryptocurrency exchange Kraken has decided to delist bitcoin (BTC) offshoot bitcoin SV (BSV), the firm announced on April 16. In an official press release, Kraken said that BSV had “engaged in behavior completely antithetical to everything we at Kraken and the wider crypto community stands for.” As such, the exchange has decided to delist the currency, which was the result of a hard fork in the bitcoin cash (BTC) network last November. The exchange’s decision follows a Twitter poll yesterday, in which it asked the community’s opinion…