Day: June 27, 2019

Ethereum (ETH) Price Corrects Sharply: Dips Present Buying Opportunity

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ETH price surged higher and broke the $340 and $350 resistances against the US Dollar. The price traded to a new 2019 high at $363 before it started a major downside correction. Yesterday’s highlighted major bullish trend line prevented losses with support near $320 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price surged towards the $14,000 level before correcting below $13,000. Ethereum price is currently correcting recent gains versus the US Dollar and bitcoin. ETH price is likely to stay above the $320 support and it…

Bitcoin (BTC) Hitting $20,000 Next Week, $100,000 by Dec Doable: eToro

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Bitcoin May Continue Parabolic Price Action, Suggests eToro Analyst Bitcoin (BTC) has been an absolute tear as of late. Ever since it hit $10,000, the cryptocurrency has been almost unstoppable, rallying to $13,200 as of the time of writing this after peaking at $13,800 earlier today. With this rapid move, some have begun to suggest that $20,000 — the crypto asset’s all-time high established in December 2017 — is coming into Bitcoin’s scopes once again. In a recent comment given to the revived trade publication CCN, Simon Peters of eToro,…

Ransomware: Another U.S. City Pays Hackers Over $500k in Bitcoin  

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The leaders of Lake City, a city of less than 70,000 people, located in central north Florida’s Columbia County, have paid the sum of 42 bitcoin (about $523k at press time ) to the hackers who orchestrated the catastrophic ransomware attack that totally crippled the area’s online processes two weeks ago, according to a ZDNet report on June 26, 2019. Lake City Surrenders  As reported by BTCManager on June 22, 2019, the administrators of Florida’s Riviera Beach unanimously agreed to honor the 65 BTC demand ( nearly $700k) of the…

Bitcoin in Parabola, Real Correction Still Possible –

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The past 24 hours for the Bitcoin price have been absolutely absurd. This morning, BTC found itself up by 20% on the day, trying to break past key resistances just shy of $14,000. All this changed though with a rapid flash crash. For those who missed the memo, within a matter of 15-odd minutes, Bitcoin slipped, showing an uncharacteristic bout of weakness in a massive uptrend. In fact, within the aforementioned time span, BTC fell from $13,800 — a year-to-date high — to just under $12,000. As of the time…

Bitcoin in Parabola, Real Correction Still Possible –

boss

The past 24 hours for the Bitcoin price have been absolutely absurd. This morning, BTC found itself up by 20% on the day, trying to break past key resistances just shy of $14,000. All this changed though with a rapid flash crash. For those who missed the memo, within a matter of 15-odd minutes, Bitcoin slipped, showing an uncharacteristic bout of weakness in a massive uptrend. In fact, within the aforementioned time span, BTC fell from $13,800 — a year-to-date high — to just under $12,000. As of the time…

Coinbase Pro Announces Support for Chainlink Token

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Major cryptocurrency exchange Coinbase Pro has added support for Chainlink, according to a blog post on June 26. Coinbase has listed two trading pairs for the token of smart contract platform Chainlink (LINK) on its professional trading platform. LINK will be available to trade with the U.S. dollar (LINK/USD) and with ether (ETH) (LINK/ETH). The post says that the token will be available in all its covered jurisdictions except for the state of New York.  According to the announcement, Coinbase Pro will roll out options for LINK in four steps.…