Bitcoin achieved a new milestone on Sunday with its price smashing past $9000 levels. Other metrics suggest a strong buildup of the Bitcoin technicals and fundamentals. On Sunday, June 16, the Bitcoin bulls raged-in again as the world’s largest cryptocurrency surged past $9000 levels making a new high for the year. At the press time, Bitcoin (BTC) is trading at a price of $9219 with a market cap of $163 billion. As per CoinMarket, Bitcoin 24-hour trading volumes have moved past $23 billion. The Bitcoin rally started in April 2019…
Day: June 17, 2019
iFinex Buyback Could Spur Another Wave of Leo Demand, Price Up 8.2%
Leo adds 8.2 percent The public open to tracking iFinex repurchase of Leo coins Behind a surging coin, iFinex plans to open up to the public its buyback program. In an initiative called the UNUS SED LEO Transparency Initiative, the public will track how the parent company would purchase Leo from their gross revenue. Meanwhile, Leo is up 8.2 percent from last week’s close. Leo Price Analysis Fundamentals There is noticeable progress. It all has to do with BitFinex and their effort of improving transparency. Through an initiative that will…
Bitcoin (BTC) Price Defies Gravity: Next Bullish Break Could Hit $10K
Bitcoin price corrected lower sharply after trading to a new yearly high at $9,390 against the US Dollar. The price remained well bid and it is back above the key $9,000 pivot level. There is a crucial bullish trend line forming with support near $8,780 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to break the $9,260 and $9,300 levels to start the next bullish wave in the near term. Bitcoin price surged higher above $9,000 and $9,300 against the US Dollar.…
Crypto Market Targets $300 Billion Cap: Bitcoin Cash, EOS, TRX, ADA Analysis
The total crypto market cap gained momentum and broke the $260.0B resistance area. Bitcoin price broke the main $9,000 resistance area and traded close to $9,400. EOS price traded nicely above the $6.50 and $6.75 resistance levels. Bitcoin cash price is trading above the $420 level and it could continue to rise towards $440. Tron (TRX) price broke the $0.0330 resistance and it might continue to rise. Cardano (ADA) price is slowly moving higher towards the key $0.1000 resistance. The crypto market cap is surging above $265.0B, with sharp gains…
Ripple (XRP) Price Surging: Bulls Sighting Break Past $0.4500
Ripple price started a solid upward move and broke the $0.4200 resistance against the US dollar. The price rallied above the $0.4400 level and recently started a downside correction. There is a key bullish trend line forming with support near $0.4250 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is placed nicely in an uptrend and it could continue to rise above $0.4400 and $0.4500. Ripple price is showing positive signs above $0.4200 against the US Dollar, similar to bitcoin. XRP is likely to…
Ethereum (ETH) Price Remains In Uptrend: Break Above $280 Imminent
ETH price remained in a positive zone and recently traded above the $275 resistance against the US Dollar. The price is currently correcting lower, but it remains well supported near $265 and $262. There is a major bullish trend line forming with support near $266 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to grind higher and it might soon surpass the $278 and $280 resistances. Ethereum price gained bullish momentum above $265 versus the US Dollar, but declined vs bitcoin. ETH price remains…
Ethereum 2.0 On the Horizon; Analysts Flip Bullish on ETH
Analysts Bullish on ETH Over the past week, the crypto market has surged yet again. Ethereum (ETH) has hit $270, nearing a year-to-date high, and Bitcoin (BTC) is past $9,000 for the umpteenth time in weeks. With this strong move higher, analysts have tried to postulate what comes next for the market. Today, Ethereum World News will take a closer look at what people are saying about ETH. In a tweet published early into the latest leg higher, Financial Survivalism, a prominent analyst, explained why he’s bullish on Ethereum. He…