Day: April 30, 2019

Crypto Market Approaching Next Break: Bitcoin Cash, Litecoin, EOS, XLM Analysis

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The total crypto market cap is currently placed nicely above the $162.5B and $164.0B supports. Litecoin (LTC) price is currently trading below $70.00, but it could recover in the short term. Bitcoin cash price declined below $250 and it remains at a risk of more losses. EOS price is under pressure and it could face sellers near $4.65 or $4.70 in the coming sessions. Stellar (XLM) price is likely to make an attempt to regain the $0.1000 pivot level. The crypto market cap is forming a breakout pattern, with range…

Ripple (XRP) Price Trading Near Key Inflection Point: Bear or Bottom?

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Ripple price managed to stay above the $0.2850 support area against the US dollar. The price is currently facing a strong resistance near the $0.2900 and $0.2910 levels. There is a major bearish trend line in place with resistance near $0.2910 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could either recover above $0.2950 or start a fresh decline below the $0.2850 support. Ripple price is currently consolidating in a tight range against the US Dollar and bitcoin. XRP is likely to make the…

Ethereum (ETH) Price Forecast: Short Term Upside In Play

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ETH price seems to be forming a decent support near the $150 level against the US Dollar. The price corrected higher and traded above the $154 resistance level. There was a break above a connecting bearish trend line with resistance near $152 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct further higher towards $160 if it settles above the 100 hourly simple moving average. Ethereum price is showing a few positive signs versus the US Dollar and bitcoin. ETH bulls could succeed in starting…

Bitcoin (BTC) Could Spike To $5,600 If Litecoin’s Trend Is Followed

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Investors Flip Bullish on Bitcoin as $5,200 is Held For some reason or another, as Bitcoin (BTC) has held at $5,200 for days on end after the Bitfinex and Tether news broke, investors have begun to flip bullish on cryptocurrencies yet again. In a recent tweet, JaminXBT, a lesser-known yet still astute trader, noted that there is a “hidden bullish divergence” on Bitcoin’s daily chart, which looks near identical to Litecoin’s chart from a few weeks back. A bullish divergence, in the context of Jamin’s analysis, is when prices head…

Want to Understand Bitfinex? Understand Mt. Gox  

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Daniel Cawrey is chief executive officer of Pactum Capital, a quantitative cryptocurrency investment firm and hedge fund. Sina Nader was a professional money manager at Morgan Stanley as well as Credit Suisse and is now head of investor relations at Pactum. The views expressed are those of the authors and are not investment advice. “History doesn’t repeat itself, but it often rhymes” This quote is often attributed to Mark Twain. And while Bitfinex doesn’t exactly rhyme with Mt. Gox, there are several parallels in the stories of these two exchanges.…

Elon Musk Shills Ethereum, Price Goes from Red to Green

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By CCN: Elon Musk might have the SEC breathing down his neck about Tesla, but he’s having some fun with crypto Twitter. In a one-word tweet, he single-handily drew in the entire crypto community to his thread.  The Tesla CEO simply said “Ethereum.” After he let the cat out of the bag, the ETH price started moving, erasing declines that have weighing on the second-biggest cryptocurrency all day and turning them into gains, albeit briefly. Elon Musk might want to tread lightly or he’ll get the SEC after him yet…

Hackers Used Microsoft Email Accounts to Steal Users’ Cryptocurrency, Report

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In worsening news for users of Microsoft’s email services like Outlook, Hotmail and MSN, several cryptocurrency holders affected by a recent hack allege that the hackers responsible stole their crypto, as reported by Vice’s Motherboard on April 29.   One victim claimed on a Dutch tech forum to have lost just over 1 bitcoin (BTC), or almost $5,400 at press time, when hackers used his email account to reset his password and gain access to his Kraken account on March 31st.  Several Reddit users attested to similar experiences.   According to…