Day: April 19, 2019

Key Bitcoin Indicators Rage Bullish as Crypto Adds $40 Billion in 1 Month

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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. By CCN.com: Over the past 24 hours, the bitcoin price briefly surpassed the $5,300 mark in a short-term spike but retraced back to the $5,200 region. In the past 30…

Iota, IoT Firm Evrythng Partner to Increase Transparency for Consumer Goods Supply Chain

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Iota and internet of things (IoT) firm Evrythng announced a partnership to combine and apply their distributed ledger and IoT technologies to provide greater transparency for consumer goods supply chains. The news was revealed in a press release on April 17. According to the press release, Evrythng’s focus is to implement IoT and DLT technology to create unique, interactive and trackable identities for consumer products, with the aim of fostering greater transparency for both supply chain stakeholders and consumers. The partnership will reportedly see Evrythng’s Blockchain Integration Hub expand to…

South Korean Crypto Exchange Coinnest Announces Closure

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Cryptocurrency exchange Coinnest, once South Korea’s third largest, is closing down. The exchange posted a notice on its website saying that as of Tuesday it is no longer operating, adding that users will need to withdraw any funds held on its platform by April 30. The fees for withdrawals and the minimum threshold have been lowered to assist the process, it said. While the notice was vague as to the reasons for the closure, a Coinnest official told CoinDesk Korea: “It is a natural result of a decrease in trading volume.…

Touted Bottom Pattern Won’t F**k Bears, But Bitcoin (BTC) Bulls Instead: Analyst

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Textbook Bottom Indicates Bitcoin Is Ready To Rally 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…

Bitcoin (BTC) Holding Crucial Support: Fresh Increase Likely

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Bitcoin price climbed further above $5,300 before topping near the $5,330 level against the US Dollar. The price corrected lower below $5,300 and $5,255 support levels. There was a break below yesterday’s discussed ascending channel with support at $5,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is still trading nicely above the key $5,180 and $5,160 support levels. Bitcoin price corrected lower towards key supports against the US Dollar. BTC is likely to bounce back above $5,300 as long as it is trading…

BitMEX Partners With Trading Technologies to Provide High Performance Bitcoin Derivatives Trading Tools

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BitMEX, the cryptocurrency derivatives trading platform behemoth has announced a partnership deal with Trading Technologies Inc. (TT). In a blog post published by BitMEX on April 17, 2019, the company said the partnership would create a mutually beneficial and strategic collaboration between both firms. Partnership to Give More Access to Cryptocurrency According to the announcement, HDR Global Trading, the operators of BitMEX, is partnering with Chicago-based professional trading platform, Trading Technologies International, Inc. (TT). The collaboration between both companies would offer improved trading experience and access to virtual currency products.…

Crypto Market Near Turning Point: BNB Up 10%, Bitcoin Cash, EOS, Tron Analysis

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The total crypto market cap corrected lower and tested a major bullish trend line at $168.0B. EOS price failed to stay above the $5.50 level and corrected towards the $5.40 support. Binance Coin (BNB) rallied around 10% and broke the $21.00 resistance area. Bitcoin cash price is down more than 4% and declined below the $300 support area. Tron (TRX) price failed to stay above the $0.0272 and declined below $0.0268. The crypto market cap is testing a crucial support, with strong bullish moves in binance coin (BNB). Bitcoin (BTC),…

Ripple (XRP) Price Trading Near Make-or-Break Levels

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Ripple price climbed sharply towards the $0.3500 resistance before sellers appeared against the US dollar. The price formed a high near $0.3489 and recently corrected lower sharply below $0.3400. There is a key bullish trend line formed with support at $0.3270 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must stay above $0.3260 and the 100 hourly SMA to bounce back in the near term. Ripple price gained traction before starting a downside correction against the US Dollar and bitcoin. XRP could bounce back…

Bitcoin (BTC) Fundamentals Showing Clear Signs Of A Bottom

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Bitcoin Network Showing Clear Bullish Signs According to Bitcoin Bravado analyst Jack, cryptocurrencies, especially BTC, are looking especially bullish at the moment. In a recent Twitter post, the trader drew attention to three figures to back his point: mining revenue, daily transactions on Bitcoin, and BTC transaction fees. He remarked that miners’ revenue reaching historical support, daily transactions closing in on their all-time highs, and fees spiking while remaining manageable are all signs that the “bear market [is] coming to an end.” Jack then quipped: “UP IS THE WAY,” accentuating…

Ethereum (ETH) Price Holding Uptrend Support And Could Bounce Back

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ETH price traded further higher above the $175 resistance, but failed to hold gains against the US Dollar. The price corrected lower sharply and tested the key $169-170 support area. There is a crucial bullish trend line formed with support at $169 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to bounce back as long as it is trading above the $168 level and the 100 hourly SMA. Ethereum price climbed to new weekly highs versus the US Dollar, following bitcoin increase. ETH spiked…