Category: Analysis

Crypto Experts Slash Bitcoin Price Predictions: Fact is, No One Knows

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The recent crash in the crypto market has led Wall Street investors to slash their Bitcoin price prediction by half. Tom Lee, the co-founder of Fundstrat Global Advisors, lowered his year-end expectations to $15,000 from $25,000. Lee’s prediction came after BTC broke below its so-called bottom at $6,000. Before the crash, the said level was considered to be a break-even point for miners. Based on that, Lee estimated that BTC price should be at least 2.2 times higher than the break-even point. Otherwise, mining Bitcoin will be worthless in a…

Downtrend in Crypto Market Continues as BCH Falls

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Twitter Facebook LinkedIn Over the last 24 hours, the valuation of the crypto market has fallen from $185 billion to $181 billion, by around $4 billion. On November 15, amidst one of the worst single-day corrections in all of 2018, the crypto market saw a wipeout of more than $27 billion. The market extended losses throughout the past two days. Bitcoin Cash, even with the combined value of Bitcoin Cash SV (BCHSV) and Bitcoin Cash ABC (BCHABC), has fallen by more than seven percent. Subsequent to the fork, the price…

Price Holding Losses, Eyes Recovery as Dollar Slides

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Twitter Facebook LinkedIn The bitcoin price on Friday plunged 0.85 percent against the US dollar, now trading at 5528-fiat. Bitcoin Price Seeks to Claw Back Lost Ground The digital currency has had a shocking week so far, with its value losing almost $1,200 within just five days. Not only bitcoin, but the entire cryptocurrency market also had to “bear” losses worth billions of dollars as a civil crypto war brewed inside the Bitcoin Cash community. It has already led to the split of Bitcoin Cash blockchain. Now, the market expects a…

Japan Wants to Regulate Crypto Wallets, Breach of User Privacy?

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Crypto wallet users in Japan may have to reveal their identities as the country’s top financial watchdog prepares a law for it. The Financial Services Agency (FSA) on Monday revealed its plan to regulate cryptocurrency wallet providers, ItMedia reported. The decision came during a cryptocurrency study group meeting after concerns over money laundering and terrorist financing were raised. The agency also looked into pressing matters related to the protection of crypto wallet users that remain mainly exposed to cyber attack and infrastructure failures. FSA didn’t finalize the details of how and when…

Bitcoin Price Watch: BTC/USD Could Rebound Towards $5,900

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Key Points Bitcoin price extended declines below $5,330 and traded towards $5,200 against the US Dollar. There is a major bearish trend line in place with resistance at $5,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely positioning for an upward move above the $5,600 and $5,700 levels. Bitcoin price extended losses towards $5,200 against the US Dollar. BTC/USD is currently rebounding and it could correct higher towards $5,900. Bitcoin Price Analysis Yesterday, we discussed the chances of more declines below $5,400…

TRX/USD Break Out Trade, Path Towards Jan 24 Lows

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Latest Tron News That the Japanese are open to cryptocurrencies and similar blockchain technologies but concurrently stringent protecting investors is true. So tight are applicable laws that investors who lose their digital assets are guaranteed of a recourse. We have seen that happen with the ongoing Mt Gox Civil Rehabilitation Case. Because it is mandatory for exchanges to register with the country’s Financial Services Agency (FSA), investors are safe. Now, under the fund settlement law of which crypto exchanges must follow since they are platforms for buying and selling digital…

Despite Increasing Adoption, LTC/USD Likely to Test $30

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Latest Litecoin News In proof-of-work networks, hash is everything. Because of this, Coinmine is desirous of complete decentralization in line with blockchain dicta. As such, the startup with backing from CoinBase and Arrington Ventures is taking crypto mining to homes as their flagship rig—Coinmine One is power efficient—at 120 watts, easy to use—it has its own operating system and use GPU chipsets (AMD RX 570 (4GB)). Just preordered my @coinmine miner. This should be interesting. I always wanted to mine but I hated the inconvenience. Now I have no excuses…

BTC/USD Prices Steady but Further Losses Expected

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Latest Bitcoin News In the midst of a severe market slump that has seen Bitcoin slide more than 80 percent from 2017 peaks, Zhao Changpeng is pretty optimistic about crypto. We must note that the fall of Bitcoin has dragged altcoins to new levels with some dropping by as much as 95 percent from their 2017 highs. Nonetheless, Binance is having a stellar year. Pulling in around $3 billion in revenue in the first half of the year the exchange is officially the largest in the world by trading volumes.…

Cardano Price Analysis: ADA/USD Could Resume Losses Below $0.062

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Key Highlights ADA price fell sharply and traded below the $0.0700 and $0.065 supports against the US Dollar (tethered). There is a key bearish trend line formed with resistance at $0.0640 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to decline once again if sellers push the price below the $0.0620 support. Cardano price tumbled recently against the US Dollar and Bitcoin. ADA/USD is currently recovering, but upsides are capped near $0.0640 and $0.0675. Cardano Price Analysis In the last analysis, we…

Ripple Price Analysis: XRP/USD Facing Uphill Task Near 100 SMA

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Key Highlights Ripple price recovered nicely and moved above the $0.4500 and $0.4600 resistances against the US dollar. Yesterday’s highlighted key bearish trend line with resistance at $0.4660 was breached on the hourly chart of the XRP/USD pair (data source from Kraken). The pair will most likely face a strong selling interest near the $0.4860 and $0.4900 resistances. Ripple price managed to correct higher against the US Dollar and Bitcoin. However, XRP/USD is likely to struggle near $0.4900 and the 100 hourly SMA. Ripple Price Analysis Yesterday, we saw a…