Day: May 12, 2019

More Institutional Participation and Regulatory Oversight Coming to Crypto?

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United States-based cryptocurrency exchange ErisX recently announced the public launch of its spot market trading, a move that takes the company a step closer to its goal of being a one-stop shop for the trading of spot and futures contracts in a regulated environment. Per the information on its product page, ErisX will support dollar trading pair with bitcoin, bitcoin cash, ether and litecoin — in addition to bitcoin trading pairs with the other three cryptocurrencies. What’s ErisX’s plan in the crypto space? Since 2017, ErisX has been building a…

Bitcoin Touches $7,500 To Mark 25% Week: Crypto Update

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It’s Like 2017 For Bitcoin Again I believe congratulations are in order for Bitcoin (BTC) holders. At long last, those buying the cryptocurrency in “winter” conditions have been vindicated. For those who have been living under a digital rock, the past 72 hours have been absolutely monumental for the crypto asset market en-masse. In what can only be described as jaw-dropping, BTC has broken all expectations in the past few days, with its price going vertical in a 2017-esque move. In fact, since last week, Bitcoin has moved from $5,700…

Bitcoin Price Smashes Through $7,500 With Spectacular Return of Bull Market

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By CCN: The crypto market has made a spectacular return as it added $28 billion in the past 48 hours. The bitcoin price surged past $7,400 and hit a new 2019 high, marking the start of a new bull market. In many major markets, the volume of bitcoin has returned to the late 2017 level with the “real 10” daily spot volume of bitcoin surpassing $1.9 billion. The bitcon price hit a new 2019 high after surging over $7,500 The “real 10” volume calculates the daily volume of BTC using…

Bitcoin (BTC) Price Springs Up: Bulls Now Target $8,000

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There was a sharp upward move above $6,800 in bitcoin price against the US Dollar. The price is up more than 25% in the past few days and it tagged the $7,450 level recently. There is a major bullish trend line in place with support at $6,750 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair remains well supported and it seems like the bulls are now aiming $7,800 or $8,000. Bitcoin price rallied significantly above $6,800 and $7,000 against the US Dollar. BTC seems…

Ethereum (ETH) Price Smashes Resistance: Bulls Target $220 or Higher

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ETH price broke the main hurdle near the $178 and $180 resistance levels against the US Dollar. The price even broke the $200 resistance level before starting a downside correction. There is a major bullish trend line in place with support near $178 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair remains well supported on dips and it could rally strongly above $200 and $210. Ethereum price finally gained bullish momentum versus the US Dollar, along with bitcoin. ETH seems to be eyeing a larger upward…

Bitcoin, Altcoins Rally But Is It Now Blow-off or Lift-off?

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The bitcoin rally has accelerated to $7,355 on Coinbase representing a 14% gain in the past 24 hours, although has slipped back to $7,096 at the time of writing in volatile trading. Now some analysts are asking is this overreach? Total market cap of crypto is now $213 billion. As clouds gather over the global economy and the geopolitical picture darkens re. North Korea and Iran, bitcoin is looking more and more like a safe haven, despite the doubts of naysayers such as economist Nouriel Roubini, aka Dr Doom. Maybe…

Web 3.0 Will Change the World, Not Bitcoin

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The world’s largest cryptocurrency, bitcoin (BTC), is not going to change the world as it is just a store of value, Galaxy Digital CEO Michael Novogratz said at ConsenSys’ Ethereal Summit on May 11. Major bitcoin bull and former Wall Street exec Novogratz made his comments during a speech entitled “The Herd Is Still Coming!” at the industry event, which Cointelegraph attended as a media partner. Starting with bitcoin, “as it came first,” Novogratz claimed that the coin has “really establishing itself as a store of value,” noting that it…

Shorts (Finally) Squeeze As Bitcoin (BTC) Settles Around $7,200 –

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Bitcoin Shorts Finally Begin To Liquidate At last, the long-awaited short squeeze has begun to grace Bitcoin (BTC). For those unaware, over the past three or so weeks, the amount of money shorting BTC on platforms like Bitfinex and BitMEX has exploded, as the news regarding Tether and Bitfinex’s potential insolvency and the Binance hack have been seen as negative catalysts by some. In fact, there was over 30,000 BTC worth of capital (margin included) in short positions on Bitfinex just hours ago. Yet, as BTC has continued to push…

Shorts (Finally) Squeeze As Bitcoin (BTC) Settles Around $7,200 –

boss

Bitcoin Shorts Finally Begin To Liquidate At last, the long-awaited short squeeze has begun to grace Bitcoin (BTC). For those unaware, over the past three or so weeks, the amount of money shorting BTC on platforms like Bitfinex and BitMEX has exploded, as the news regarding Tether and Bitfinex’s potential insolvency and the Binance hack have been seen as negative catalysts by some. In fact, there was over 30,000 BTC worth of capital (margin included) in short positions on Bitfinex just hours ago. Yet, as BTC has continued to push…

What’s Behind The Bitcoin Rally To $7,000? A Look At The Crypto Scene –

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Bitcoin Toys With $7,000 In the past few weeks, Bitcoin (BTC) has been on a ‘helluva’ tear. Case in point, in the past 72 hours, the cryptocurrency has moved from $6,300 to $7,000, and has yet to notably retrace to short-term support levels. While some have been expecting this jaw-dropping move for weeks, what exactly is behind this rally? Ethereum World News will break down some of the factors likely pushing the digital asset market higher. Technicals And On-Chain Analytics First, let’s take a look at technical indicators and Bitcoin’s…