Month: July 2019

Ripple Price (XRP) Is Facing Key Resistance While Bitcoin Is Correcting

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Ripple price retested the $0.3030 support level and recently corrected higher against the US dollar. The price seems to be trading in a range with a strong resistance near the $0.3140 level. There is an expanding triangle forming with resistance near $0.3145 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could decline again if it continues to struggle near the $0.3140 and $0.3150 resistance levels. Ripple price is facing a lot of key resistances against the US Dollar and bitcoin. XRP price could extend…

Ethereum Price (ETH) Spiking Higher But Remains In Downtrend

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ETH price declined steadily and recently revisited the $200 support level against the US Dollar. The price traded as low as $197 and spiked sharply above the $200 and $205 levels. There was a break above a short term ascending channel with resistance near $210 on the hourly chart of ETH/USD (data feed via Kraken). The pair might continue to recover, but it remains in a downtrend as long as below $225. Ethereum price is currently correcting higher versus the US Dollar and bitcoin. ETH price might climb towards the…

Is Bitcoin a Store of Value? Experts on BTC as Digital Gold

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It’s hard to tell who was the first to coin — pun intended — Bitcoin (BTC) as “digital gold,” underlining the idea that Bitcoin is a good store of value. The phrase possibly came into more widespread use after The New York Times journalist Nathaniel Popper’s book, “Digital Gold,” was published in 2015. Google searches for the term “Bitcoin digital gold” peaked in December 2017, when the leading cryptocurrency’s price hit record highs around $20,000 per coin.  For thousands of years of human history, people have used precious metals —…

Amid Bitcoin Price Drop, Crypto Analyst Foresees Sustained Rally

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The bitcoin price cratered this weekend, but the bull market is just getting started. That’s the assessment of crypto blogger Willy Woo, who says the downturn is merely a transitional phase before things start heating up again. ‘Long, sustainable bull drive’ to 2020 Woo, a partner at cryptocurrency hedge fund Adaptive Capital, says the latest market drop is laying the foundation for a sustained rally. “Fomo complete, stage set,” he tweeted. “Stage 1 of the bull market is completing. Once we bottom, stage 2 begins, promising the long sustainable bull…

Libra Doubts, Bitcoin Slumps, McAfee Behind Bars

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Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Facebook to work ‘however long it takes’ to win over regulators on Libra Mark Zuckerberg turned on the charm offensive this week in an attempt to reassure governments and central banks that his social network is taking their concerns about Libra to heart. On a conference call,…

Craig Wright ‘Explains’ Why You Won’t Admit He Created Bitcoin – CCN Markets

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| Source: YouTube Craig Wright has a theory about why almost nobody will capitulate to his demands to be worshiped as Satoshi Nakamoto, the creator of Bitcoin. Standing on the wrong end of a multibillion-dollar lawsuit, he believes that his persona has led to attacks on him personally, as opposed to the ideas he has presented to the blockchain space. Wright Says Core Believers Dismissed His Person, Not His Ideas Wright and others are firm believers in on-chain scaling. Wright proposes a more extreme version than most, with 2GB blocks…

Craig Wright ‘Explains’ Why You Won’t Admit He Created Bitcoin

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Craig Wright has a theory about why almost nobody will capitulate to his demands to be worshiped as Satoshi Nakamoto, the creator of Bitcoin. Standing on the wrong end of a multibillion-dollar lawsuit, he believes that his persona has led to attacks on him personally, as opposed to the ideas he has presented to the blockchain space. Wright Says Core Believers Dismissed His Person, Not His Ideas Wright and others are firm believers in on-chain scaling. Wright proposes a more extreme version than most, with 2GB blocks already activated on…

Craig Wright ‘Explains’ Why You Won’t Admit He Created Bitcoin

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Craig Wright has a theory about why almost nobody will capitulate to his demands to be worshiped as Satoshi Nakamoto, the creator of Bitcoin. Standing on the wrong end of a multibillion-dollar lawsuit, he believes that his persona has led to attacks on him personally, as opposed to the ideas he has presented to the blockchain space. Wright Says Core Believers Dismissed His Person, Not His Ideas Wright and others are firm believers in on-chain scaling. Wright proposes a more extreme version than most, with 2GB blocks already activated on…

3 Reasons Analysts Are Bullish on Bitcoin Despite 33% Price Correction

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As Bitcoin dropped an additional 8% on Saturday, naysayers claim the rally to a new all-time high is over. So what is it that’s keeping market analysts bullish in the face of a 33 percent correction?  Bitcoin price bears draw a line at $10,000 Bitcoin’s most recent price action has been less than satisfactory, unless you’re a bear. To date, the top digital asset is down 32% from it’s 2019 high of $13,739 and short term price action remains overwhelmingly bearish.  Over the past two weeks Bitcoin formed an M-top…

Price Analysis 28/07: BTC, ETH, XRP, LTC, BCH, BNB, EOS, BSV, XLM, ADA

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Will Bitcoin stage a reversal from the current levels and resume its uptrend? Let’s analyze the chart. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The uncertainty regarding regulators is keeping the upside in check. However, improving fundamentals have made a floor below a few major cryptocurrencies. The rest are lagging behind and…