Day: June 9, 2019

Bitcoin (BTC) Price Weekly Forecast: Bulls Facing Uphill Task

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The recent recovery in bitcoin price faced a strong resistance near the $8,140 level against the US Dollar. The price is currently facing a strong resistance and it is likely to struggle near $8,000. There is a major bearish trend line forming with resistance near $7,950 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could either break the $8,000 resistance and rally or decline below the $7,700 support area. Bitcoin price is showing signs of weakness below the $8,000 barrier against the US Dollar.…

Ethereum (ETH) Price Weekly Forecast: More Downsides Likely

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ETH price failed to gain momentum above $250 and $252 against the US Dollar. The price is currently well below $250 and it remains at a risk of more losses. There is a major bearish trend line forming with resistance at $248 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair remains at a risk of more losses and it could accelerate below the $240 level. Ethereum price is showing signs of weakness versus the US Dollar and bitcoin. ETH is likely to accelerate lower if it…

Facebook’s Crypto to Kill XRP & Altcoins, Boost Bitcoin (BTC)

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Globalcoin, An XRP Killer? Facebook’s soon-to-launch crypto asset has been called many things: a Bitcoin-killer; regulators’ Trojan horse into the cryptocurrency space; and a ploy to make George Orwell’s “1984” a reality are among what some pundits have deemed the asset. Today, another pseudonym has been attributed to the technology giant’s cryptocurrency, rumored to be a stablecoin meant for the company’s billions of clients. This pseudonym, according to Bitcoin bull Max Keiser, is an XRP-killer. On Twitter this week, the long-time anti-establishment figure, known for his segment on RT, claimed…

Facebook’s Crypto to Kill XRP & Altcoins, Boost Bitcoin (BTC)

boss

Globalcoin, An XRP Killer? Facebook’s soon-to-launch crypto asset has been called many things: a Bitcoin-killer; regulators’ Trojan horse into the cryptocurrency space; and a ploy to make George Orwell’s “1984” a reality are among what some pundits have deemed the asset. Today, another pseudonym has been attributed to the technology giant’s cryptocurrency, rumored to be a stablecoin meant for the company’s billions of clients. This pseudonym, according to Bitcoin bull Max Keiser, is an XRP-killer. On Twitter this week, the long-time anti-establishment figure, known for his segment on RT, claimed…

Money Laundering and Crypto Discussion

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One of the main themes to be discussed at the G-20 Financial Ministers and Central Governors Meeting this weekend has to do with money laundering and cryptocurrency. What kind of agreement would be a surprise? Even for the purpose of introducing Anti-Money Laundering (AML), should we allow our financial privacy to be compromised? Alexander Zaidelson, the CEO of Beam, shared his views with Cointelegraph. A new agreement on crypto and AML? Jiji Press, a major Japanese publication, recently reported that there will be “a new kind of agreement as to…

Bitcoin: Summer Months Historically Bad For BTC, Bulls Watch Out

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Like many other markets, Bitcoin (BTC) is all about momentum, trends, and patterns. According to analyst Cane Island Crypto, a prominent American cryptocurrency investor, there is a relatively high likelihood that this market could see a dreary next three months. Related Reading: Analyst: Litecoin Likely to Double in Coming Months, Here’s What May Cause This Surge In a recent tweet, seen below, the investor accentuated that historically, July and August have been “historically bad months” for Bitcoin. Indeed, as seen in the chart below, the two summer months are the…