Day: February 9, 2020

Ethereum Trend Overwhelmingly Bullish: Here’s Why The Bulls Aim $250

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Ethereum gains a strong bullish momentum above the $200 resistance against the US Dollar, similar to bitcoin. ETH price is likely to continue higher towards $250 in the near term. ETH price climbed higher significantly and settled above $200-$210 high against the US Dollar. The price even broke the $225 resistance and traded to a new 2020 high near $230. There is a key contracting triangle forming with support near $225 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could correct a few points, but the…

Bitcoin Price Hits $10,000 for the First Time in 2020 — Up 40% YTD

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Bitcoin (BTC) briefly hit $10,000 on Feb. 9, capping a momentous first month of 2020 to reach its highest level since October last year. BTC seals $10K after three months Crypto market weekly price chart. Source: Coin360 Data from Coinbase exchange and Cointelegraph Markets showed that shortly after 3:00 a.m. UTC BTC/USD moved to $10,000 on a high volume spike but the digital asset quickly pulled back to $9,975. The feat of reclaiming five figures occurred after a nearly four-month absence. During that time, the pair traded as low as…

The Sky’s the Limit for Ripple’s XRP as Price Busts Past 2 Key Resistances

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While XRP is up over 50% in the past 50 days, rallying from $0.17 to a local top of $0.29 in just over a months’ time, the cryptocurrency is still dramatically down from its all-time high above $3.00, set in early-2018. In fact, at the current price of $0.278, XRP remains over 90% lower than its all-time high, which means that the asset has dramatically underperformed Bitcoin, down a mere 50% from its $20,000 high. Related Reading: Traders Expect Bitcoin Price to Explode Big in Next Week: Will It Happen?…

The Sky’s the Limit for Ripple’s XRP as Price Busts Past 2 Key Resistances

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While XRP is up over 50% in the past 50 days, rallying from $0.17 to a local top of $0.29 in just over a months’ time, the cryptocurrency is still dramatically down from its all-time high above $3.00, set in early-2018. In fact, at the current price of $0.278, XRP remains over 90% lower than its all-time high, which means that the asset has dramatically underperformed Bitcoin, down a mere 50% from its $20,000 high. Related Reading: Traders Expect Bitcoin Price to Explode Big in Next Week: Will It Happen?…

Experts Consider the Security and Risks of Noncustodial Exchanges

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Despite centralized cryptocurrency exchanges suffering nearly $300 million worth of hacks during 2019, many digital currency traders continue to hold significant sums of capital on centralized exchange platforms. While many noncustodial crypto services have launched in recent years, few platforms have been able to garner significant liquidity. Cointelegraph reached out to several industry experts to discuss the promise of noncustodial exchanges. Are noncustodial platforms safer? Erik Voorhees, CEO of the noncustodial cryptocurrency exchange ShapeShift, told Cointelegraph that, “Noncustodial exchanges provide a fundamentally safer way for individuals to trade digital assets.”…