Day: June 21, 2019

Bitcoin Price Nears $9.7K to Hit 400-Day High

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Bitcoin price set another new high for 2019 reaching $9,693 and is showing bullish trend line forming with support near $9,700 on the hourly chart of the BTC/USD pair that likely accelerates gains once it clears the key $10,000 resistance area. 2019 seems to be more than good for Bitcoin price. Yesterday it hit the new record of $9,599, and, in the time of writing, it keeps surging 4.09% to $9,668. Actually, this came as a bit of surprise because coin was held around $9,300 for a longer period of…

Bitcoin Price Rally Is About Hitting Record Highs

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2019 seems to be more than good for Bitcoin price. Yesterday it hit the new record of $9,599, and, in the time of writing, it keeps surging 4.09% to $9,668. Actually, this came as a bit of surprise because coin was held around $9,300 for a longer period of time. Analysts think that this connects to the open bets in CME futures that also have been hitting record highs for two consecutive days. The number of contracts or commitments outstanding in futures at a given point of time jumped to…

Bitcoin Hash Rate Climbs to New Record High Boosting Network Security

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The Bitcoin (BTC) hash rate – the total computing power of the bitcoin network – reached new all-time highs this week, data from monitoring resource Blockchain.com confirmed on June 19. As the Bitcoin price set a new annual record above $9,000, hash rate, which can be taken as a measure of how much interest there is in mining bitcoin, shot higher than ever before. For Wednesday this week, the most recent day for which data is available, bitcoin’s hash rate had reached 65.19 trillion hashes per second (Th/s). The activity…

Bitcoin Price Hits New 2019 High Inching Closer to $10,000 ‘FOMO’

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Bitcoin (BTC) set a new 2019 high on June 21, hitting $9,800 and firmly beating daily returns of almost all major cryptocurrencies. Market visualization courtesy of Coin360 Data from Coin360 put BTC/USD trading at around $9,675 at press time Friday after a minor correction from earlier highs. The performance further cements bitcoin’s bullish progress over the past three months, surprising investors once more after retaking the $9,000 mark this week. Monthly (30-day) gains for bitcoin investors now stand at 26.5%. Bitcoin 7-day price chart. Source: Coin360 Previously, commentators had begun…

XLM Slip, Will Stellar-IBM Partnership Be in Tatters After Lund’s Exit?

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Stellar Lumens (XLM) prices steady and out of the top 10 World Wire proponents, Jesse Lund, and CTO Stanley Yong, exit IBM The exit of Jesse Lund, the global head of blockchain for financial services and digital currencies, and CTO Stanley Yong of IBM could jeopardize their partnership with Stellar. Even though XLM is bullish, participation is low. The only pass for higher highs is if prices rally past 13 cents. Stellar Lumens Price Analysis Fundamentals The success of any blockchain depends on what it brings on the table. That…

Bitcoin (BTC) Price Primed To Rally Significantly Above $10K

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Bitcoin price gained traction and broke the key $9,400 resistance area against the US Dollar. The price is currently climbing higher and it is likely to break the key $10,000 resistance. There is a major bullish trend line forming with support near $9,480 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely accelerate gains once it clears the key $10,000 resistance area. Bitcoin price is up more than 5% and it broke the key $9,500 and $9,700 levels against the US Dollar. BTC…

Bitcoin (BTC) is About to See This Extremely Bullish Technical Event

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Bitcoin to See Paramount Technical Event Bitcoin (BTC) has always been cyclical. Throughout its ten years as a tradable asset, investors have found that the asset follows mostly clear-cut patterns and cycles, marked by time and certain technical indicators. As spotted by Filb Filb, a prominent cryptocurrency analyst who believes BTC reaching $100,000 and beyond is possible, the Moving Average Convergence Divergence (MACD) on Bitcoin’s one-month chart is about to experience an extremely bullish crossover. More specifically, the indicator, meant to observe overarching trends, is about to see its third…

Crypto Market Could Rally Further: Bitcoin Cash, BNB, EOS, TRX Price Analysis

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The total crypto market cap gained momentum and climbed towards the $288.0B level. Bitcoin price surged more than 5% and it recently traded towards the $9,750 level. EOS price is likely to gain momentum once it settles above the key $7.000 resistance level. Binance Coin (BNB) is up more than 4% and it recently broke the $36.20 resistance. Bitcoin cash price is back above the $420 level and it could continue to climb towards $430. Tron (TRX) price is still struggling to gain pace above the $0.0335 and $0.0340 resistances.…

Ripple (XRP) Price Struggling To Follow Bitcoin: More Range Moves Before Higher?

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Ripple price remained stable above the key $0.4250 support area against the US dollar. The price is currently facing a strong resistance near the $0.4400 and $0.4420 levels. There is a major bullish trend line forming with support near $0.4240 on the hourly chart of the XRP/USD pair (data source from Kraken). Bitcoin price rallied recently above $9,500, but XRP seems to be struggling to follow BTC. Ripple price is slowly moving higher against the US Dollar, but declined heavily vs bitcoin. XRP price might start a solid upward move…

Ethereum (ETH) Price Smashes Resistance: Stage Set For $300?

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ETH price rallied recently and broke the key $270 and $280 resistance levels against the US Dollar. The price is now trading nicely above $275 and it is likely to accelerate towards the $300 level. There was a break above a major bearish trend line with resistance near $270 on the hourly chart of ETH/USD (data feed via Kraken). The pair seems to be setting up for more gains and it could soon test the $300 barrier. Ethereum price is climbing higher sharply versus the US Dollar, similar to bitcoin.…