Day: July 22, 2019

Bitcoin Price Shuns Volatility as Analysts Warn of Potential Drop to $7,000

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Bitcoin (BTC) price saw a rare spell of stability on July 22 as cryptocurrency markets began the week on a broadly stable note.  Market visualization. Source: Coin360 Bitcoin price weekly chart settled but overbought Data from Coin360 showed hardly any change for BTC/USD in the past 24 hours, bucking a volatile trend seen throughout recent weeks. At press time, Bitcoin circled $10,600, down just 0.14% while trading in the middle of a $400 daily corridor.  Bitcoin 7-day price chart. Courtesy of Coin360 By comparison, last week saw BTC/USD trade as…

Making Bitcoin Fun: Meet a HODL-themed BTC Board Game

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Bitcoin Turned into a Board Game The Game of Life? Monopoly? Forget them. Meet a Bitcoin-themed board game that has been dubbed “Hodler of Last Resort”. Being created by a Bitcoiner on Twitter named Pedro, this board game is intended to be a way for friends and family to learn about BTC, its value, and how it all works in a fun package. A board game, what more could you ask for? In a four-part thread, Pedro boiled down his mission with the game as follows: It aims at creating…

Former Boss of BTC-e’s Offshoot WEX Crypto Exchange Arrested by Italian Police

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Even though the Russia-based BTC-e crypto exchange has already perished from this world, it keeps producing crypto news, and not the good kind. Now, its second CEO, Dmitry Vasiliev, has also been arrested and detained by law enforcement agencies, this time in Italy. The now-defunct BTC-e was widely known as the largest Russian-language crypto platform in the world. It was notoriously known for its monkey games while it was headed by the former CEO Alexander Vinnick. A report by the Wall Street Journal showed that the crypto exchange was associated…

Crypto and FB’s Libra Are Bridges to a Bitcoin World, Says Tim Draper

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Bitcoin (BTC) will be the ultimate benefactor from interest in Facebook Libra and cryptocurrencies, billionaire Tim Draper has said.  Bridges to a ‘Bitcoin environment’ Speaking to CNBC in an interview on July 19, Draper, who is well known as a Bitcoin advocate, defended both Libra and Bitcoin against recent pressure from governments, particularly in the United States.  Asked whether the world was now in a post-Bitcoin environment, he argued that Bitcoin represented the true innovation from the cryptocurrency world, and would ultimately be the tool that reshaped borders, finance and…

Crypto Exchanges Native Tokens May Leave Bitcoin Behind

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Crypto exchanges’ native tokens may serve as a decent alternative to both world reserve currencies and popular cryptocurrencies. Trading platforms stake on their own tokens as one of the main business tools, which increases their importance in the eyes of investors, primarily large institutionalists. Exchanges capable of providing liquidity to such assets increase their chances of becoming leaders in the crypto services market because they not only allow users to trade digital assets but also to participate in over-the-counter trading and ICOs. In 2019, crowdsales conducted by Binance, Huobi, KuCoin…

eToro CEO, Binance Exec Join Justin Sun’s $4.5 Million Buffett Lunch

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The highly anticipated crypto power lunch between Warren Buffett and Justin Sun is growing and will now include two new members who promise to enrich the conversation between the two businessmen. eToro CEO Yoni Assia is one of them. Assia has been straightforward and actually pushed for an invitation instead of waiting for it. Would love to join as well ! I believe there is huge potential for social impact that can be done via #Crypto and would love to have @WarrenBuffett engaged with us ! https://t.co/n8G6ecm9vb — Yoni Assia…

Bitcoin Price (BTC) Could Retest Key Support Before Fresh Increase

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Bitcoin price climbed higher recently above the $11,000 resistance level against the US Dollar. The price spiked towards $11,200 and recently corrected lower below $10,800. There is a connecting bullish trend line forming with support near $10,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could retest the key $10,000 support level before it could rise again towards $11,000. Bitcoin price is struggling to continue higher above $10,800 support against the US Dollar. Therefore, BTC price might decline towards $10,000 before it could start…

Bitcoin And Crypto Market Approaching Next Break: BCH, XLM, EOS, TRX Analysis

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The total crypto market cap is currently trading in a range below the $290.0B resistance. Bitcoin price is also consolidating above the $10,500 support and is preparing for the next move. BCH price broke the $320 resistance, but it is struggling to gain momentum. EOS price is up around 2% and it recently traded above the $4.100 and $4.200 resistances Stellar (XLM) price is slowly moving higher towards the $0.0950 and $0.1000 resistance levels. Tron (TRX) price is likely to continue higher and it might soon break the $0.0300 resistance…

Ripple Price (XRP) Showing Positive Signs, Could Break $0.34

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Ripple price remained well supported on the downside near the $0.3200 level against the US dollar. The price traded higher and broke the $0.3250 and $0.3320 resistance levels. There is a key bullish trend line forming with support at $0.3265 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is likely to continue higher, with chances of an upside break above $0.3350 and $0.3400. Ripple price is trading with a bullish bias against the US Dollar, similar to bitcoin. XRP price is likely to climb…

Ethereum Price (ETH) Likely To Accelerate Above $240 & $250

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ETH price remained well bid above the $208 support and recently climbed higher against the US Dollar. The price settled above the $220 pivot level and is currently consolidating in a range. There is a breakout pattern forming with resistance near $227 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to accelerate higher above the $227 and $230 resistance levels in the near term. Ethereum price is showing positive signs above $208 and $215 versus the US Dollar, similar to bitcoin. ETH price might…