Day: June 4, 2019

Bitcoin Price Plunges 14% in Violent Spiral to $7,700 — Here’s Why

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By CCN: In the past several hours, the bitcoin price has dropped from around $8,500 to $7,732, by nearly 14% against the U.S. dollar. The bitcoin price has dropped by nearly 14 percent in the past 24 hours against the U.S. dollar (source: coinmarketcap.com) A pullback for bitcoin was generally anticipated by technical analysts following its 130 percent year-to-date gain. Traders were taken aback by the magnitude of the drop of the dominant crypto asset in a short time frame and if the asset does not demonstrate a speedy recovery,…

SEC’s New Decision A Reprieve, Ripple (XRP) Falter

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XRP slides 9.1 percent Ripple overly successful despite few banks adopting xRapid The SEC is bending for innovation’s sake. Crypto and blockchain are complex. They are a blend of different fields and all of a sudden, disrupting. Ripple may benefit, but clarification on the status of XRP will propel prices higher. Ripple Price Analysis Fundamental Blockchain and crypto, in general, is an innovation competition. It’s all about who will devise the best solution, an option that will take on existing legacy system(s). Thus far, there are thousands of projects that…

SEC’s New Decision A Reprieve, Ripple (XRP) Falter

boss

XRP slides 9.1 percent Ripple overly successful despite few banks adopting xRapid The SEC is bending for innovation’s sake. Crypto and blockchain are complex. They are a blend of different fields and all of a sudden, disrupting. Ripple may benefit, but clarification on the status of XRP will propel prices higher. Ripple Price Analysis Fundamental Blockchain and crypto, in general, is an innovation competition. It’s all about who will devise the best solution, an option that will take on existing legacy system(s). Thus far, there are thousands of projects that…

Bitcoin Price Topped $9000, Could Activate a New Resistance at $10K

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Bitcoin Price Topped $9000, Could Activate a New Resistance at $10K June 4, 2019 by Ramiro Burgos It’s been another wild week for bitcoin price watchers, with their favorite cryptoasset briefly topping $9,000 USD. The mini bull run lost some steam as BTC crashed back below $8,000 and others fell by similar percentages. What could happen next? Read our technical analysis report for a better idea. Also read: Bitcoin Price Finally Goes Bullish After $7,000 Resistance Is Broken Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts…

Crypto Markets See Red as Bitcoin (BTC) Plunges in $12 Billion Purge

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Bitcoin market capitalization has just been blitzed by $12 billion as it failed to hold support and fell back below $8,000. This has led to a market wide rout of $25 billion as altcoins start to bleed again. Bitcoin Below $8k For the past day or so Bitcoin has remained around $8,500. A couple of hours ago that support zone failed and BTC plunged to $7,980 in an 8 percent slide. The candle stack up has started to look ominous and the close below $8,200 yesterday could lead to a…

Bitcoin (BTC) Price Declines Sharply: Short Term Sell Opportunities

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Bitcoin price failed to climb above $8,800 and declined sharply below $8,400 against the US Dollar. The price failed to hold the key $8,250 support and it even spiked below the $8,000 support. There is a major bearish trend line forming with resistance near $8,440 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently correcting higher, but it is likely to face sellers near $8,200 and $8,350. Bitcoin price is currently trading in a bearish zone below $8,400 against the US Dollar. BTC…

Ripple (XRP) Price Breaks Down: Can Bulls Protect $0.40?

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Ripple price failed to hold the key $0.4400 support area and declined recently against the US dollar. The price declined below the $0.4200 support area and even spiked below $0.4000. There was a break below a major ascending channel with support at $0.4380 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently near $0.4120, but there is a risk of more losses in the near term. Ripple price failed to continue higher and declined sharply against the US Dollar and bitcoin. XRP is…

China’s Baidu Search Trends Collide with Bitcoin’s May Bull Run

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By CCN: China may have cracked down on cryptocurrency companies, but that’s not stopping the local population from pursuing bitcoin as an investment. Economist and trader Alex Kruger did the research and found that there may be some truth to the theory that China fueled much of the gains in the BTC price last month. June hasn’t been so kind, at least so far, with the bitcoin price down more than 7% in the last 24 hours. In May, however, bitcoin was a rock star as its value expanded by…

China’s Baidu Search Trends Collide with Bitcoin’s May Bull Run

boss

By CCN: China may have cracked down on cryptocurrency companies, but that’s not stopping the local population from pursuing bitcoin as an investment. Economist and trader Alex Kruger did the research and found that there may be some truth to the theory that China fueled much of the gains in the BTC price last month. June hasn’t been so kind, at least so far, with the bitcoin price down more than 7% in the last 24 hours. In May, however, bitcoin was a rock star as its value expanded by…

Tron (TRX) Bulls Snap Back to Trend, Rewind Earlier Losses

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TRX up 22.3 percent from last week’s close US SEC flexibility will spur innovation and Tron set to benefit Overly, US SEC decision to support innovation could end up benefiting TRX. At the moment, bulls are back, wiping losses and confirming buyers of late May. Tron Price Analysis Fundamentals Justin Sun is known for his aggressive marketing. However, considering that he is behind one of the most liquid coins in TRX that supporters claim is a utility; his approach is fodder for critics. On one end, the SEC may be…