Month: May 2019

Ethereum Could Hit $400 If Correction Does Not Come Soon

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Most of the attention and news has been about Bitcoin in recent weeks. Its doubling in price since the beginning of April has put Bitcoin back in the headlines of mainstream media. Little attention has been given to Ethereum, though, which could also be on track to double in price if a correction does not happen soon. ETH at 2019 High Ethereumhas just reached its highest price of 2019 at $285. The 7 percent surge on theday has sent the world’s second largest crypto currency to a nine month high.The…

Bitcoin (BTC) Price Signaling Fresh Increase: Buying Dips Favored

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Bitcoin price corrected lower recently and tested the $8,425 support against the US Dollar. The price bounced back and it is currently trading above the $8,600 resistance area. There was a break above a key bearish trend line with resistance at $8,690 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains well supported on dips and it is likely to climb above $8,800 in the near term. Bitcoin price tested the key $8,425 support and the 100 hourly SMA against the US Dollar. BTC…

Las Vegas Man Jailed for Operating Illegal Bitcoin Trading Business

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Anthony J. Battaglia, a United States federal judge for the Southern District of California has sentenced Morgan Rockcoons, a Las Vegas, Nevada resident to nearly two years in prison for wire fraud and running an unlicensed money transmitting business, according to a press release on May 28, 2019. End of the Road According to a press release by the United States Department of Justice (DOJ), Morgan Rockcoons, a Nevada resident has been slapped with 21 months imprisonment for operating a Bitcoin trading business without registering with the relevant financial regulators.…

60% Of Crypto Trading Reportedly OTC, Good For Bitcoin (BTC) Boom

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Crypto Trading Dominated By OTC Although you think Binance, Coinbase, and its ilk are big for Bitcoin (BTC) and crypto trading, these platforms don’t make up the entire market. In fact, a new report suggests that up to 60% of the entire cryptocurrency market is comprised of over-the-counter (OTC) desks and dark pools, a sign of a maturing market in the eyes of some commentators. Per The Trade, which cited a report from Aite Group, 60% of all cryptocurrency trades executed in 2018 were OTC, up from the 32% registered…

Crypto Market Signaling Bullish Continuation: Bitcoin SV, BCH, BNB, ADA Analysis

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The total crypto market cap is climbing higher and it might soon break the $270.0B barrier. Bitcoin SV price rallied close to 100% and traded above the $180 and $200 resistance levels. There were gains in bitcoin cash as well as it climbed above the main $450 barrier. Binance Coin (BNB) is gaining momentum and it might break the $35.00 resistance. Cardano (ADA) price is slowly moving higher towards the $0.0950 and $0.0980 resistance levels. The crypto market cap is climbing higher, with strong gains in bitcoin SV, BCH, BNB…

Ripple (XRP) Price Holding Key Support: Downside Thrust Before Higher?

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Ripple price corrected lower, but the $0.4200 area acted as a strong support against the US dollar. The price bounced back above the $0.4340 and $0.4400 levels to move back in a positive zone. Yesterday’s highlighted crucial ascending channel is intact with support at $0.4380 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to correct lower once again before a fresh increase above the $0.4600 resistance area. Ripple price is gaining bullish momentum against the US Dollar and bitcoin. XRP might dip…

Bitcoin (BTC) Has Momentum to Hit $20,000 in 2019

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Bitcoin Ready To Hit $20,000 Bitcoin (BTC) has had a crazy past two months. In that time frame, we’ve seen the asset double, rallying from $4,200 to $8,600, the price as of the time of writing. Some claim that this is just the start of a massive uptick though. In an OKEx email, Andy Cheung, Head of Operations of the exchange, suggested that BTC may soon revisit its all-time highs. In fact, Cheung added that “$20,000 is a conservative prediction” for Bitcoin in 2019. He looks to the fact that…

Ethereum (ETH) Price Resumes Upside: Can Bulls Break $280?

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ETH price started a solid upward move after testing the $258 support area against the US Dollar. The price reversed most its losses, but it is still struggling to clear the $280 resistance area. There is a new connecting bullish trend line forming with support near $262 on the hourly chart of ETH/USD (data feed via Kraken). The pair must break the $280 barrier to start a fresh increase towards the $300 and $305 levels. Ethereum price is showing positive signs after the recent reversal versus the US Dollar, but…

Bitcoin (BTC) Has Fuel To Hit $10,000 Before Correction: Analyst

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Bitcoin Could Run To $10,000 Bitcoin (BTC) may be taking a breather, but many analysts are coming to the conclusion that the ongoing rally is not done just yet. In a recent TradingView analysis, Filb Filb, a popular analyst, noted that Bitcoin still has fuel to run. He notes that in 2018, 7,300 BTC worth of shorts opened on BitMEX in the $11,600 to $13,800 level. Assuming that some of these positions have yet to close, Filb explains that as the cryptocurrency market continues to push higher, shorts will become…

John McAfee Shills New Freedom Coin Ahead of Fall 2019 Launch

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By CCN: John McAfee is launching a new cryptocurrency that bears his name. The McAfee Freedom Coin will make its debut in the fall of 2019, according to the crypto maverick in a tweet. In true McAfee fashion, John is naming the coin after himself, but there are some surprising features, as well, and they mostly include what the coin won’t have. In his tweet, McAfee kind of killed the mood among his followers, or at least confused them, when he stated: “No it is is not mined. No, we…