Day: August 5, 2019

Bitcoin Price Smashes $11,800 As Global Stock Markets Collapse

boss

Bitcoin is roaring again amid global uncertainty in traditional financial markets. | Source: Shutterstock The bitcoin price soared more than 10 percent over the last 24 hours, briefly hitting $11,840 on Coinbase.  The surge higher coincides with a blistering selloff on the Asian stock markets, triggered by a breakdown in US-China trade relations. It appears that bitcoin is establishing itself as a legitimate hedge to volatility in traditional markets. Co-founder of Morgan Creek Digital Anthony Pompliano explained simply: “Bitcoin is performing as designed during times of global instability.” The bitcoin price…

Dapper Labs Partners with the NBA to Launch a Blockchain-Powered Basketball Game

boss

Dapper Labs, a blockchain-focused company behind the world’s most successful and popular blockchain application CryptoKitties, is about to introduce first of its kind and top of the line game to basketball fans around the world. NBA Top Shot, a new digital platform and game from Dapper labs, will allow basketball fans to trade and own exclusive digital NBA tokens or collectibles on blockchain. Dapper Labs in association with National Basketball Association (NBA) and National Basketball Players Association (NBPA) announced the launch of NBA Top Shot, a digital gaming platform where…

Bitcoin Price Blasts Past $11,700, Dominance Nears 70% on China Turmoil

boss

Bitcoin (BTC) price began highly bullish Monday after an abrupt turnaround of its previous bear market saw it gain $1,200 this over the weekend. Market visualization. Source: Coin360 Politics dictates Bitcoin price gains Data from Coin360 showed the extent of Bitcoin’s change of fortunes, which have so far culminated in a local high of $11,635. The upward trajectory strongly contrasts with action seen last week, BTC price only finding resistance at $9,000 after a weekend of sharp price drops. Bitcoin 7-day price chart. Source: Coin360 Unsurprisingly, traders were buoyant, shaking…

Bitcoin Price Rises Above $11,500 for the First Time in 21 Days

boss

Bitcoin (BTC) has continued to gain momentum today, with its price passing the $11,500 mark. The top 20 cryptos by market capitalization are seeing mixed results on the day, with most gains and losses around 3%. Bitcoin price went way over $11,500 after it regained its ground lost on July 8 and July 22, when went below $10,000. For the first time in 21-days, this world’s largest cryptocurrency by total value end its bearish breakdowns and, at the time of writing, kept rising by 8.29% to $11,559.34. The market capitalization…

Bitcoin Price Hits $11.5K Target: BTC Up 8%, Dips Well Supported

boss

Bitcoin price rallied more than 8% and climbed towards $11,500 against the US Dollar. The price traded as high as $11,646 and it is currently correcting gains. There is a key bullish trend line forming with support near $10,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is trading with a positive bias and dips remain well supported near $11,500 and $11,200. There were solid gains in bitcoin price above $11,000 against the US Dollar. BTC price is up more than 8%, broke the…

Crypto Market and Bitcoin Surging: BCH, EOS, TRX, ADA Analysis

boss

The total crypto market cap climbed higher nicely and surpassed the $280.0B resistance. Bitcoin price rallied close to 8% and broke the key $11,200 and $11,500 resistance levels. EOS price is slowly rising towards the $4.400 and $4.500 resistance levels. BCH price broke the $340 resistance and it could attempt to surpass the $350 resistance. Tron (TRX) price is still consolidating above the $0.0220 support level. Cardano (ADA) price is struggling to move higher and it is currently near the $0.0560 level. Bitcoin price and the crypto market cap are…

Ethereum Price (ETH) Breaks $225, Bitcoin Rallies 8% To $11,600

boss

ETH price gained bullish momentum and broke the $220 resistance level against the US Dollar. The price even climbed above the $225 resistance and tested the $230 zone. There was a break above a major bearish trend line with resistance near $221 on the hourly chart of ETH/USD (data feed via Kraken). The pair is gaining momentum above the $225 resistance and it could climb towards the $240 level. Ethereum price is showing a lot of positive signs above $225 versus the US Dollar, while bitcoin rallied 8%. ETH price…

Bitcoin SV Splits Into Three Chains Following 210 MB Block

boss

Following a recent hard fork of Bitcoin SV (BSV), the network saw a three-chain split after a massive 210 megabytes (MB) block was mined. As reported by BitMEX Research on Aug. 3, Bitcoin SV nodes divided into three groups on Saturday, making the network to split into three separate chains. According to the report, 65% of nodes were located on the current tip, while 17% were stuck on the 210 MB  block and 19% had not even upgraded and were on the old pre-hard fork chain. Bitcoin SV node chart.…

Top Staking Projects of the Crypto World Today: Report

boss

INDX, the Tokenized Masternode Investment Fund, has calculated the top-10 proof-of-stake (PoS) blockchains based on the expected yield of their tokens. The company did this by quantifying the volatility, volume, liquidity, risk and integrity. The tokens appear in order, from one to 10, based on the expected yield, as predicted by INDX’s proprietary algorithm.  Related: Crypto Dividends: Staking Coins for Gains Potentially a Good Strategy in a Bear Market But is Not Without Risk Proof-of-stake is a consensus method that states a person can mine or validate block transactions in…

Bitcoin Could Cross $15,000 This Week, No Trust in Centralization

boss

Max Keiser, a former Wall Street trader and host of the RT program Keiser Report, said that he believes Bitcoin (BTC) will break $15,000 this week. In tweet published Aug. 3, Keiser said that he is “sensing #Bitcoin will cross $15,000 this week.” He further stated that confidence in central governments, central banks and centralized fiat money are at the lowest level they have been in decades. He noted: “I’m confident. So I just burned another $10,000 in $USD shitcoin. Correlation does not equal causation, but whenever I burn a…