Day: May 27, 2019

Bitcoin Price Hits $8,939 in New 2019 High; What’s Driving the Hypnotic Rally?

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By CCN: In the U.S. market and on strictly regulated crypto exchanges such as Bitstamp and Coinbase, the bitcoin price surpassed $8,900 to achieve a new 2019 high at $8,939. Within merely hours, the bitcoin price climbed from $8,000 to $8,939, by more than 11.7 percent against the U.S. dollar. The bitcoin price records a big overnight rally following six days of stability (source: coinmarketcap.com) The abrupt upside movement of the bitcoin price follows its 100 percent year-to-date gain against the USD. As of May 27, bitcoin is up 136…

Bitcoin (BTC) Price Rallies 10%: Bulls Remain In Driver’s Seat

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Bitcoin price gained a strong bullish momentum and broke the key $8,300 resistance against the US Dollar. The price surged more than 10% and broke the $8,500 and $8,800 resistance levels. There was a break above a major triangle resistance near $8,020 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair traded close to the $9,000 level and it is currently correcting lower towards key supports. Bitcoin price rallied significantly after it broke $8,300 against the US Dollar. BTC is currently correcting gains, but it…

Bitcoin Price Hits New High Close to $9,000, Eyeing $10,000 As Next Step

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Bitcoin has spiked to the highest mark this year so far, continuing the bullish trend that has doubled BTC quotes since the start of the spring As the new weeks begins, Bitcoin price soars 10% from where it got at the end of Friday. As per Bloomberg, Bitcoin was trading at $8,847 during the Tokyo session at 10.25. Currently, the BTC price is slightly down, with the major currency sitting at $8.696. The crypto market enjoys the sea of green Following Bitcoin, other digital assets arealso pumping. Ethereum is up…

Crypto Markets Surge $25 Billion as Bitcoin Hits New Highs

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It has been another happy Monday on crypto markets as they are surging again. All altcoins are in the green during the trading session in Asia and Bitcoin has led them up as it pumps towards $9,000. $25 Billion Inflow Over $25 billion has been pumped back into digital assets over the past day as markets reach a new 2019 market cap peak of $272 billion. Crypto capitalization has not been that high since July 2018 when things were on a downward slide. Total market cap 12 months – coinmarketcap.com…

Crypto Market Jumps $30 Billion: Bitcoin Cash, BNB, EOS, TRX Price Analysis

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The total crypto market cap surged higher and broke the key $245.0B resistance area. Bitcoin price spiked close to 10% and traded towards the $8,800 resistance area. EOS price tested the $7.00 resistance area and it is currently consolidating gains. Binance Coin (BNB) is slowly moving higher and it is likely to break the $35.00 resistance. Bitcoin cash price surged close to the 10% and rallied above the $420 and $440 levels. Tron (TRX) price is up more than 15% and broke the key $0.0300 resistance area. The crypto market…

Ripple (XRP) Price Showing Positive Signs: ETH, BTC Gaining Strength

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Ripple price traded higher recently and broke the $0.3950 and $0.4120 resistances against the US dollar. The price tested the $0.4200 resistance area and it is currently correcting gains. There is a connecting bullish trend line forming with support at $0.3850 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains supported on dips and it could bounce back after testing the $0.3980 or $0.3950 support. Ripple price is showing positive signs above $0.3950 against the US Dollar, while declining vs bitcoin. XRP remains well…

Ethereum (ETH) Price Rally Alongside Bitcoin: More Upsides Likely

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ETH price started a fresh increase and broke the key $265 resistance area against the US Dollar. The price settled above the $265 level and traded close to the $272 level. There was a break above a declining channel with resistance near the $251 level on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently consolidating gains, but it is likely to climb further higher above $275. Ethereum price is gaining bullish momentum versus the US Dollar, similar to bitcoin. ETH is now trading above the…

Bitcoin Cash Privacy Has Improved in Leaps and Bounds

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Over the last few years, privacy has become of great importance to digital asset enthusiasts as law enforcement has cracked down on money transmitters, seized coin shuffling services, and blockchain analysis has increased significantly. To thwart this, some bitcoiners have turned to mixing applications that utilize the Coinjoin protocol and other methods of obfuscation. However, the crypto community was dealt a blow on May 22 when Europol shut down one of the largest cryptocurrency transaction mixing sites, Bestmixer.io. Also read: Bitcoin.com Launches Free Bitcoin Cash Register Platform for iOS Devices…

Bitcoin Price Will Nosedive After Dead Cat Bounce: Crypto Blogger

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By CCN: The bitcoin price will crash again soon because the latest rally was merely a dead cat bounce and not because the cryptocurrency’s fundamentals are strengthening. That’s what Motley Fool blogger Kevin Godbold contends. In his May 26 blog post, Godbold observed that the bitcoin price has soared more than 120% between January’s low of $3,400 to its current value of $8,500. However, Godbold attributes that to a dead cat bounce, so crypto fans shouldn’t get too smug. As CCN reported, a dead cat bounce is a temporary recovery…

Bitcoin (BTC) Still In Parabola, Could Soon Hit $11,000 If Trend Holds

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What’s Next For Bitcoin? For one reason or another, the past few weeks have seen Bitcoin (BTC) and its ilk freeze. The cryptocurrency market has been stuck in an odd holding pattern, whereas volatility has fallen, trading ranges have been established, and volume has begun to diminish. There is an argument to be made that Bitcoin is about to skyrocket higher though. In a recent tweet, Tuur Demeester, a partner at Adamant Capital that recently penned a great report on the cryptocurrency market, drew attention to a “bullish short-term scenario” for BTC.…