Day: May 7, 2019

Crypto Market Surging Towards $200 Billion: Bitcoin Cash, EOS, ADA, TRX Analysis

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The total crypto market cap jumped above the $185.0B level and gaining pace. There was a strong rally in bitcoin price as it traded close to the $6,000 level. EOS price is up around 5% and it seems like it could soon break the $5.00 and $5.05 resistances. Bitcoin cash price is gaining pace and it might clear the $300 barrier once again. Tron (TRX) price is up more than 5% and it recently broke the $0.0242 resistance. Cardano (ADA) price bounced back and it is likely to surpass the…

Ripple (XRP) Price Recovering Higher Within Range: BTC, ETH Rallies

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Ripple price traded to a new weekly low at $0.2918 and recently recovered against the US dollar. The price climbed higher and broke the $0.2985 and $0.3000 resistance levels. There was a break above a key bearish trend line with resistance near $0.2970 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently facing a strong resistance near the $0.3040 and $0.3050 levels. Ripple price started a decent recovery against the US Dollar after a strong upward move in bitcoin and Ethereum. XRP broke…

CTFC Ready For Ethereum Futures, Will ETH Surge to $200?

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It was only a matter of time before Ethereum woke up andstarted enjoying the gains that Bitcoin has been reveling in recently. Some solidfundamentals were all that was needed to give ETH a kick out of its torpor. Ethereum Futures On The Way Those fundamentals came in the form of the US Commodity Futures Trading Commission (CFTC)which told CoinDesk that they are ready to consider an Ethereum futurescontract. Apparently a senior official who chose to remain anonymous told theoutlet that the regulator can “get comfortable with an ether derivative beingunder…

Ethereum (ETH) Price Smashes Resistance: Bulls Eyeing $200?

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ETH price rebounded nicely after testing the key $160 support area against the US Dollar. The price climbed higher sharply and broke the $165, $168 and $170 resistance levels. There was a break above a contracting triangle with resistance near $162 on the hourly chart of ETH/USD (data feed via Kraken). The pair traded to a new weekly high near $180 and it remains well supported for more gains. Ethereum price started a strong upward move versus the US Dollar and bitcoin. ETH is likely to remain in an uptrend…

Bitcoin Poised To Stutter As BTC Aims To Take On “MOTHER of Resistance”

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Bitcoin May Soon Reverse For some reason or another, analysts have begun to believe that Bitcoin (BTC) may be poised for a correction. In a recent Trading View post, Magic Poop Cannon postulated that BTC is currently expressing a number of bearish signals. Firstly, Bitcoin failed to hold above its uptrend channel, all while failing to surmount a “major overhead resistance zone” that begins at $5,777 and ends at $6,200. What’s more, there are an array of bearish divergences seen in the Relative Strength Index (RSI), Moving Average Convergence Divergence…

Bitcoin Developer Publishes Two Proposals for a Taproot Soft Fork

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Bitcoin (BTC) developer Pieter Wuille has unveiled two proposals on GitHub for a Taproot soft fork in a message to the bitcoin-dev mailing list on May 6. Taproot is a solution that aims to combine the advantages of Merkelized Abstract Syntax Tree (MAST) and the Schnorr signature scheme in order to reveal less information after a bitcoin transaction takes place. MAST allows for the alternative possibilities of how a bitcoin transaction could have occurred to remain private, and Schnorr allows for a MAST-enabled transaction to occur without revealing that MAST was…

Bitcoin Trading From Fidelity Could Boost BTC By $2,000

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Fidelity To Soon Launch Bitcoin Trading New reports, namely one from Bloomberg posted on Monday, divulge that the option to conduct Bitcoin (BTC) purchases and sales will soon be available on Fidelity Investments’ cryptocurrency division, the fittingly named Digital Asset Services. Those familiar with the matter told the outlet that “within a few weeks,” the institutional clientele will have access to the aforementioned solution. Interestingly, it isn’t clear if Fidelity will be offering spot market trading, a darkpool/over-the-counter (OTC) solution, or a liquidity aggregator to its clients. Yet, as explained…

Everything About Ethereum Must Improve

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By CCN: On a day when the Ethereum price outperformed bitcoin, soaring more than 6%, the project’s co-founder is speaking out. Joe Lubin, who co-founded Ethereum and founded ConsenSys, the latter of which has dozens of projects “building on Ethereum,” was a guest on the Chain Reaction Podcast hosted by Delphi Digital Co-Founder Tom Shaughnessy. He confronted some of the “growing pains” that Ethereum has been suffering from, saying that Ethereum 1.0 was a “starting point” and developers knew it “wouldn’t be scalable.” Lubin explained: “Growing pains are essential and…