Day: April 29, 2020

Coinbase, Kraken Suffer Temporary Outages as Bitcoin Soars as High as $8,900

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Coinbase experienced a brief outage Wednesday as the price of bitcoin rallied to just below $9,000.  According to Coinbase’s status page, the exchange’s website, mobile app, and API website experienced major outages. Several Twitter users also noted the connectivity issues with screenshots of the Coinbase website and mobile app.  Kraken reported some issues connecting with its API as well on Wednesday, though it said its platform had returned to normal operations by 18:56 UTC. Coinbase has gone down during volatile trading days in the past. In June 2019, the exchange’s…

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VC Believes Link Could Soar Above $25 And Overtake Ether

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A venture capitalist believes that Link could soar above $25 and overtake Ethereum (Ether) as number two cryptocurrency by market capitalization. Michael Anderson, co-founder of Framework Venture and an early Chainlink (Link) investor, in a Cointelgraph interview, shared his optimism for the project that seeks to decentralize data. He believes that within a month or two, Link could soar above $25: “Anything over twenty five dollars I think is not unreasonable to assume”. Adding that he perceives Chainlink’s service as an “insurance policy”: “I would put it on par with…

Analysts Explain Why CME’s Bitcoin Futures Just Exploded 15% to $9,000

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Bitcoin bulls have not let up the pressure since breaking $7,800 just 12 hours ago. As of the time of this article’s writing, the cryptocurrency just broke past $9,000 for the first time in seven weeks. With this, BTC is up 15% in the past day. The $9,000 price point has only been printed on the CME’s Bitcoin futures contract and a select set of exchanges thus far, but considering the momentum that the cryptocurrency has seen, a market-wide $9,000 Bitcoin seems to be a matter of time. Chart from…

Analysts Explain Why CME’s Bitcoin Futures Just Exploded 15% to $9,000

boss

Bitcoin bulls have not let up the pressure since breaking $7,800 just 12 hours ago. As of the time of this article’s writing, the cryptocurrency just broke past $9,000 for the first time in seven weeks. With this, BTC is up 15% in the past day. The $9,000 price point has only been printed on the CME’s Bitcoin futures contract and a select set of exchanges thus far, but considering the momentum that the cryptocurrency has seen, a market-wide $9,000 Bitcoin seems to be a matter of time. Chart from…

BITCOIN. IS. BACK! Recovery TO 8,000?!

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This market trading analysis applies to various exchanges, including Bitmex and Binance. Tackling questions like if Bitcoin can reach 20k again and if we will be seeing a crypto currency market recovery this year. Things like the lightning network have provided huge improvements for BTC and while it is true that others like Roger Ver with Bitcoin Cash (bcash) may disagree, I do see these blockchain technology innovations to be very bullish fundamental signs for the space. To join VIP, click on…

With Bitcoin Price Surging, What Do Key Trends Say About BTC Halving?

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For over a month, the global crypto community has been talking about the upcoming Bitcoin halving event with great gusto. However, because of the economic slump that has affected the entire planet at the moment from the spread of the novel coronavirus, it seems as though this halving may not have as big of an impact on the premier cryptocurrency’s value when compared to previous fluctuations. With that being said, despite many traditional assets, such as oil and stocks, slipping in value quite heavily since the beginning of March, Bitcoin…

Fund Manager That Called BItcoin’s 2019 Bottom Thinks BTC Will Top at This Level

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The head of Hedge Fund Telemetry, Thomas Thorntown, has been extremely accurate at predicting Bitcoin’s tops and bottoms. By employing the Tom Demark (TD) Sequential indicator, the trading veteran has been able to forecast the direction of BTC’s trend. In mid-December 2019, for instance, while the flagship cryptocurrency fell below $6,500, Thorntown noticed the formation of a sequential 13 candlestick. Consequently, the technical analyst stated that Bitcoin was bound for a bullish reversal, which resulted in a rally to nearly $10,700. Now, Thorntown noted in a tweet that the bellwether…

Market Outlook: Crypto Market Prices Rally Ahead of Bitcoin Halving, BTC Up $1K in 24 Hours

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Cryptocurrency markets are bullish on April 29, as BTC prices have spiked over 11.8% in the last 24 hours touching a high of $8,740 per coin during Wednesday’s trading sessions. Bitcoin has gained 130% in value since the market rout on March 12 otherwise known as ‘Black Thursday.’ Many believe the cause behind the higher price is due to the pending Bitcoin Halving expected to take place on or around May 12, 2020. Bitcoin Markets Jump Significantly in Value, $1K in a Day The overall market valuation today for all…

What the Bitcoin Halving Means for Miners and Prices

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Predictions and price models proliferate ahead of Bitcoin’s programmatic halving, expected in less than two weeks. While some are turning to esoteric economic models to make the claim that the occasion will be bullish for the largest cryptocurrency by market cap, others believe it’ll be a non-event. Still, the halving is already showing real-world effects, with major mining manufacturers slashing prices and small-time investors… investing. (To be fair, these trends could also be attributed to COVID-19-led market distortions.) Here’s the story: You’re reading Blockchain Bites, the daily roundup of the most…