April 24, 2019

Bitcoin Bulls Roar As BTC Tops $5,600, Analyst Calls For $6,500

April 24, 2019 boss

Bitcoin Sees Golden Cross At Last At long last, Bitcoin (BTC) has printed a golden cross on its one-day chart, whereas its 50-day moving average has crossed over its 200-day, signifying that bears might be finally be biting the dust. This has come as BTC has surmounted $5,600, the asset’s highest level since late 2018. While some have claimed that this cross isn’t anything to really write home about, others are convinced the cryptocurrency market is poised to head higher. In a recent interview with trade publication CCN, Naeem Aslam,…

Crypto Market Flirts Key Resistance: Bitcoin Cash, EOS, BNB, Tron Analysis

April 24, 2019 boss

The total crypto market cap once again failed near the $178.5B and $180.0B resistances. Bitcoin price remained in a positive zone above the $5,400 support area. EOS price declined again below the $5.30 and $5.25 support levels. Binance Coin (BNB) is down more than 5% and it recently broke the $23.00 support. Bitcoin cash price is back below the $295 support level, with a bearish angle. Tron (TRX) price is trading in a downtrend below the $0.0250 support area. The crypto market cap is facing a strong resistance despite bullish…

Ripple (XRP) Price At Significant Risk of More Losses

April 24, 2019 boss

Ripple price struggled to clear the $0.3320 resistance and declined steadily against the US dollar. The price declined below the $0.3200 support area and revisited the $0.3175 support area. There are two bearish trend lines in place with resistance at $0.3260 and $0.3280 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains at a huge risk of more losses if there is a break below the $0.3175 and $0.3160 supports. Ripple price failed to gain strength against the US Dollar despite positive moves in…

Ethereum (ETH) Price Fails Again Near $176, Should U Buy?

April 24, 2019 boss

ETH price struggled once again to gain strength above the $176 resistance against the US Dollar. The price declined sharply and broke the $172 and $170 support levels. There was a break below a major bullish trend line with support at $173 on the hourly chart of ETH/USD (data feed via Kraken). The pair could bounce back above $172 as long as it is trading above the $166 support area. Ethereum price failed to break important resistances versus the US Dollar and bitcoin. ETH declined sharply, but the bulls might…

Technicals Trends Say Bitcoin (BTC) Bottom Is In, Prominent Analysts Agree

April 24, 2019 boss

RSI Reading Hints Bitcoin Bottom Is In I’m sure you’ve heard the popular adage: “great minds think alike.” While this seems true in scientific contexts, in the case of finance, even cryptocurrencies, this is far from the case. If you don’t get what I’m referring to: the question “has Bitcoin (BTC) bottomed?” has pained crypto investors since BTC plummeted to $3,150 in the middle of December. While some, especially those subscribed to the Hyperwave theory, claim that cryptocurrencies are poised to head lower, leading analysts across the board to claim…

John McAfee Claims Bitcoin Creator Satoshi Is Still Alive (And Kicking)

April 24, 2019 boss

McAfee Apparently “Spoke” With Bitcoin Creator Satoshi Wow. What a debacle this whole Satoshi Nakamoto thing has become! Weeks ago, Craig Wright, an Australian programmer and long-time Bitcoin enthusiast, doubled-down on his claims that he is the creator of the cryptocurrency, eliciting a response from the community. While some agreed with Wright’s statement, others begged to differ. In one case, John McAfee, the creator of the antivirus software that shares his surname, revealed that he knows “the true identity of Satoshi.” The cryptocurrency diehard, who has kind of become the…

Altcoin Trouble Ahead? Bitcoin (BTC) Dominance On the Rise

April 24, 2019 boss

On April 23, the crypto markets took a turn that have some questioning the outlook on altcoins. While the altcoin market has been holding its own against Bitcoin, with currencies like Binance Coin posting 300 percent gains since the start of the year, the market appears to be swaying in favor of Bitcoin. Long time cryptocurrency investors will be familiar with the the tug-of-war price movement between Bitcoin and altcoins. At times, the entire cryptocurrency marketplace buoys on positive sentiment and increased investment. However, a shifting between the pool of…

CZ’s Kumbaya Moment with Ethereum Proves Crypto Has Turned a Corner

April 24, 2019 boss

By CCN: These are heady times for Binance Coin (BNB), the in-house cryptocurrency launched by the world’s largest crypto exchange, Binance. BNB hit a new all-time high a few days ago and the exchange successfully launched Binance chain, which features BNB and marks the coin’s independence from Ethereum. The cryptosphere has been filled with noises about BNB possibly being the new “Ethereum killer.” Weiss Ratings took the conversation a step further, suggesting that BNB might even be the new bitcoin. It seems #BNB is leading the market now – when…

CZ’s Kumbaya Moment with Ethereum Proves Crypto Has Turned a Corner

April 24, 2019 boss

South Korean Hospital to Create Blockchain Medical Data Management Platform

April 24, 2019 boss

Blockchain-powered medical data marketplace Longenesis and biotechnology company Insilico Medicine have entered into an agreement with South Korean hospital Gil Medical Center to create a blockchain-based health data management solution. The development was announced in a press release published on April 23. As part of the collaboration, the parties intend to develop a blockchain-powered platform based on Bitfury’s Exonum blockchain framework to increase the efficiency of data collection, boost medical research processes and ensure transparent management of patient consent. Longenesis will reportedly provide a secure ecosystem for Gil Medical Center…