Day: April 27, 2019

Analysts Flip Bearish On Bitcoin (BTC), Expect Collapse To $4,200

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Bitcoin May Be On The Verge Of A Plunge, Analysts Warn Save for yesterday’s price action, the movement in the value of Bitcoin throughout April has been rather bullish, leading analysts across the board to claim that cryptocurrencies are finally entering their next bull run. However, once yesterday’s news regarding Tether and Bitfinex came to light, resulting in a rapid 10% drop from $5,550 to $4,950 in BTC, analysts have begun to assert that a move lower may be likely. Popular analyst Nick Cote explained that Bitcoin’s three-day chart has…

Bitcoin (BTC) Price Showing Signs of Weakness, Sell Rallies?

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Bitcoin price settled below the $5,380 and $5,200 support levels against the US Dollar. The price is currently under pressure and facing sellers near $5,160 and $5,200. There is a short term declining channel forming with resistance near $5,160 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could struggle to move above $5,200 and it may revisit the $5,050 support area. Bitcoin price dropped heavily after tether’s drama and settled below $5,380 against the US Dollar. BTC could consolidate in the short term before…

E*Trade To Spark Retail Adoption With Rumored Bitcoin (BTC) Trading Feature

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Prominent Brokerage To Allow Bitcoin & Ethereum Trading: Sources A new round of Tether (USDT) and Bitfinex ‘FUD’ may have just swept over the market, but the underlying growth of cryptocurrency hasn’t ceased. According to a recent report from Bloomberg, who cites sources familiar with the following situation, E*Trade Financial Corp, a prominent New York-based trading platform, will soon allow users of its platform to trade Bitcoin (BTC) and Ethereum (ETH). The anonymous source added that if the launch of the two aforementioned assets goes well, E*Trade may consider “adding…

Bitcoin (BTC) Holds Strong At $5,200 As Bitfinex’s CFO Assures Funds Will Be Recovered

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Bitfinex C-Suite Member Assures Shareholders Wow, what a past 48 hours its been for the cryptocurrency industry! Samsung purportedly unveiled plans to launch its own Ethereum-based chain, TD Ameritrade was reported to be on the verge of launching support for spot Bitcoin (BTC) trading, and iFinex, the company behind both Bitfinex and Tether Limited, came under fire from the New York Attorney General’s office. This report will be focusing on the latter debacle. For those who missed the memo, here’s a brief recap of the situation, which Ethereum World News…

Bitcoin (BTC) Holds Strong At $5,200 As Bitfinex’s CFO Assures Funds Will Be Recovered

boss

Bitfinex C-Suite Member Assures Shareholders Wow, what a past 48 hours its been for the cryptocurrency industry! Samsung purportedly unveiled plans to launch its own Ethereum-based chain, TD Ameritrade was reported to be on the verge of launching support for spot Bitcoin (BTC) trading, and iFinex, the company behind both Bitfinex and Tether Limited, came under fire from the New York Attorney General’s office. This report will be focusing on the latter debacle. For those who missed the memo, here’s a brief recap of the situation, which Ethereum World News…

Report: E*Trade Prepares to Offer Crypto Trading

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Online trading firm E*Trade Financial Group is preparing to offer cryptocurrency trading on its platform, sources familiar with the matter told Bloomberg on April 26. E*Trade will reportedly begin by offering bitcoin (BTC) and ether (ETH) after which it will add other cryptocurrencies. As one of the largest online trading platforms, E*Trade offering cryptocurrency trading could represent a significant step forward for cryptocurrency adoption. Per the firm’s annual report filed with the United States Securities and Exchange Commission (SEC) on Dec. 31, 2018, E*Trade had 4.9 million brokerage accounts and…