Day: July 1, 2019

Bitcoin (BTC) and Ether (ETH) Market Update: July 1, 2019

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The total crypto market cap remained flat for the seven-day period and held at $320 billion. The top ten coins were all in the red for the same period with EOS (EOS) and Bitcoin SV (BSV) being the worst performers with 17.6 and 15.3 percent of loses respectively. At the time of writing, bitcoin (BTC) is trading at $11,040 on the Bitstamp daily chart, while ether (ETH) stands at $298, and Ripple’s XRP hovers around $0.410.  BTC/USD Bitcoin managed to close the previous seven-day period at $10,836 with a 19…

‘Bitcoin Time’ Moving Faster Than ‘Internet Time,’ Says Hashcash Inventor Adam Back

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Blockstream CEO Adam Back — inventor of the hashcash proof-of-work (PoW) system later used in bitcoin’s (BTC) mining algorithm —  says that “bitcoin time” seems to be running faster than the so-dubbed “internet time” of the early dotcom era.  Back made his remarks during a panel at the Bitcoin 2019 conference in San Francisco on June 26.  Following a discussion of hashcash’s inception as well as various early electronic money inventions such as digicash, Back noted that bitcoin had broken through with Satoshi’s decentralized vision and his solution to counter…

Bitcoin Price Slips Back to $11,000 As Overall Crypto Market Bites the Dust

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Photo: goodegg0843 / Flickr Last week has been pretty volatile for Bitcoin (BTC) and the overall cryptocurrency. On Thursday, June 27, Bitcoin ended its massive bull run losing $3000 in a single day. According to the weekly chart on CoinMarketCap, Bitcoin price slipped from over $13,600 levels to making a low of $10,605 within 24-hours. Although Bitcoin tried to cover the lost ground, the bulls couldn’t push the price northwards above $12,400 levels. In the last 24-hours, Bitcoin price has lost 7.5% and is currently trading at $11,113. With the…

IOTA Retest Q1 2019 Peaks, Price Bullish Despite Weakness

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IOTA slides 11.4 percent Coordicide and a new scalability-enhancing algorithm is bullish The Internet of Things (IoT) industry is expected to rise to over $325 billion by 2023. As such, the IOTA Foundation is ready to capitalize on this projection. Through Coordicide and improvement of the existing algorithm, IOTA prices could correct upwards. IOTA Price Analysis Fundamental Given the rise of smart contracting, futurists are optimistic. With millions supporting research and development, analysts are churning out papers confirming the power of blockchains. Therefore, it is so easy to see why…

Bitcoin Forming Double Bottom: Can Bulls Gain Momentum?

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There was another rejection near the $12,200 resistance in bitcoin price against the US Dollar. The price revisited the main $10,500 support area and it is currently correcting higher. There is a key connecting bearish trend line forming with resistance near $11,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair seems to be forming a double bottom pattern near the $10,400 and $10,500 support levels. Bitcoin price is holding the main $10,400 support area against the US Dollar. BTC price might start a strong…

Bitcoin Cash Register Surpasses 10,000 Installs and BCH is Coming to Brave in Weekly Video Update

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Bitcoin Cash Register has surpassed 10,000 installs on the Google Play Store, live streaming platform Twitch reinstates cryptocurrency payments and BCH is coming to the Brave web browser. Watch these and other developments discussed in this week’s video update on Bitcoin.com’s Youtube channel. Also Read: Over 22,000 Traders Have Now Signed up to Local.Bitcoin.com Twitch Reenables Cryptocurrency Payments Twitch is a video streaming platform owned by Amazon with more than 15 million unique daily visitors who mainly use it for watching live gaming and esports. Earlier this year, the website…

Two Arrested in Israel After $1.5M Moved

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One of the most prominent crypto cybercrimes in recent years took a dramatic turn on June 23, when two Israeli brothers were arrested in connection with the 2016 Bitfinex hack and other crypto-related phishing attacks. Just shy of 120,000 Bitcoin (BTC) were stolen in the attack back in 2016, an amount initially worth $72 million, though after Bitcoin’s meteoric rise in the summer of 2019, the value of the stolen funds now amount to around $1.4 billion. Speaking to Finance Magnates, an Israeli police spokesperson said that Eli and Assaf…

Bitcoin And Crypto Market Cap Testing Support: BCH, XLM, EOS, TRX Analysis

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The total crypto market cap declined recently, but stayed above the $280.0B support area. Bitcoin price is down more than 8% and it recently tested the $10,800-11,000 support area. BCH price is trading above the $400 support area and is facing hurdles near $425 and $430. EOS price is struggling to settle above the key $6.000 and $6.100 resistance levels. Stellar (XLM) price is trading well below the $0.1150 pivot level. Tron (TRX) price stayed above the main $0.0320 support area. The crypto market cap and bitcoin (BTC) are trading…

Bitcoin Slides While Ripple Price (XRP) Likely Forming Bottom

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Ripple price retested the main $0.3900 support area and climbed higher against the US dollar. The price is likely forming a decent support base above $0.3900 and it might rise in the near term. There was a break above a major bearish trend line with resistance near $0.4000 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum price is holding the key $290 support, but it seems to be facing many hurdles near $305-310. Ripple price is likely forming a strong support base near $0.3900 against…

Bitcoin Falls to $11,000, Loses Key Support Levels: Correction Talk Mounts

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Analysts Wary of Bitcoin, Await Correction After managing to stay situated above $11,000 for a number of days, Bitcoin (BTC) has begun to slip. This is a far cry from the performance seen earlier this week, with one day seeing Bitcoin post a 20% daily gain. With this poor performance, which has effectively reversed all of this week’s gains, analysts have begun to fear that at long last, Bitcoin may just be poised for a deep correction. So, what exactly are analysts thinking, and what is the cryptocurrency market looking like from…