Day: July 5, 2019

Ripple Price (XRP) Testing Crucial Support Post Bitcoin’s Correction

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Ripple price declined again after it failed to clear the $0.4070 resistance zone against the US dollar. The price is under a lot of pressure and it recently broke the $0.3950 support area. There is a key declining channel forming with resistance near $0.3920 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could either break the $0.3840 support or bounce back above $0.3950 in the near term. Ripple price failed to continue higher above against the US Dollar after bitcoin declined from $12,000. XRP…

Ethereum (ETH) Price Dips Again After Bitcoin Struggled To Clear $12K

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ETH price failed to gain pace above the key $300 resistance area against the US Dollar. There was a sharp decline below the $290 and $295 support levels. There is a major bearish trend line forming with resistance near $290 on the hourly chart of ETH/USD (data feed via Kraken). The price is at risk of more losses below the $280 support level unless the price recovers above $290. Ethereum price is under pressure below the $290 pivot level versus the US Dollar, and declined vs bitcoin. ETH price could…

Bitcoin (BTC), Gold, Safe Havens Continue to Skyrocket in Tandem, Why?

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Bitcoin & Gold in Lockstep Over the past few months, the Bitcoin (BTC) price trend has been eerily similar to that of gold. While some have cast aside this correlation as a pure coincidence, citing the fact that they see the two assets as polar opposites, many suggest that the correlation is fundamentally-backed. According to eToro’s Mati Greenspan, the reason why Bitcoin has been rallying alongside its physical counterpart is due to the liquidity that central banks have begun to pump into the global economy. As the popular crypto-friendly analyst…

Don’t Believe Golden Asteroid Story, Bitcoin Bulls Pushing FUD

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Bitcoin, The Best Store of Value? For the longest time, Bitcoin pioneers have been pushing the cryptocurrency as an alternative to the United States Dollar and other fiat monies. While many technologists and prominent investors, even Elon Musk, have agreed to the sentiment that cryptocurrencies are the future, a world in which government-issued paper money is entirely abolished is likely still a quixotic dream. Thus, for the short term, most proponents of Bitcoin have focused on the asset’s viability as an alternative to gold, the de-facto “store of value of store of…

Don’t Believe Golden Asteroid Story, Bitcoin Bulls Pushing FUD

boss

Bitcoin, The Best Store of Value? For the longest time, Bitcoin pioneers have been pushing the cryptocurrency as an alternative to the United States Dollar and other fiat monies. While many technologists and prominent investors, even Elon Musk, have agreed to the sentiment that cryptocurrencies are the future, a world in which government-issued paper money is entirely abolished is likely still a quixotic dream. Thus, for the short term, most proponents of Bitcoin have focused on the asset’s viability as an alternative to gold, the de-facto “store of value of store of…