Category: Analysis

Bitcoin Is ‘The Most Extraordinary Bubble of Our Generation’ Says Trader – CCN.com

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The next bitcoin bull market is only getting started, analyst claims. | Source: Shutterstock Bitcoin is up by almost 180% year-to-date. To some, the disbelief rally has run its course, and it is now time to short the market. Trade Tosser Tweet | Source: Twitter While a quick short might be profitable now, one trader believes that the rally from $3,000 to almost $14,000 is nothing but a warm-up. According to an analyst, all four BTC bull runs were massive local bubbles. In his humble opinion, bitcoin is the future.…

Bitcoin (BTC) Price Weekly Forecast: Slow And Steady Increase Likely

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There was a downside correction from the $10,954 swing high in bitcoin price against the US Dollar. The price is holding the $10,000 support and it could bounce back in the near term. There is a major bullish trend line forming with support near $10,140 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price could dip in the short term before it starts a fresh increase above $10,500 in the near term. Bitcoin price is showing positive signs above $10,000 against the US Dollar. BTC…

Biggest BTC ATM Network Coinme Raises $1.5 Million From Ripple’s Xpring

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Coinme, a global leader in cryptocurrency ATMs, secured $1.5 million in funding from Ripple’s Xpring and the Blockchain Finance Fund to develop its cryptocurrency ATM network in the U.S. and international markets. One of the most famous providers of kiosks and ATMs for cryptocurrencies, Coinnme, managed to raise $1.5 million in a Series A-1 financing round that incorporates Ripple’s branch Xpring and Blockchain Finance Fund. Earnings from the funding will be deployed for auxiliary licensing in order to develop its U.S. and international coverage. Co-founder and CEO Neil Bergquist commented…

Dismal Jobs Growth and Consumer Spending to Supercharge Bitcoin – CCN.com

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Being bearish on bitcoin has become fashionable, but one analyst explains why it’s never a good idea to bet against the largest cryptocurrency. | Source: Shutterstock Bitcoin bears have come out of hiding over the last few weeks as the number one cryptocurrency struggles to stay above $10,000. Since the digital asset printed a 2019 high of $13,880 on June 26th, market participants started to feel jittery. In the last month, market sentiment has ranged from fear to extreme fear. Crypto market participants are gripped with fear. | Source: Alternative.me…

Bitcoin Offers Escape From Crippling Monetary Policy – CCN.com

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In the age of fiat money, bitcoin offers a sound alternative to perpetual inflation. | Source: Shutterstock According to Investopedia, the first paper money in the U.S. was issued on February 3, 1690 by the Massachusetts Bay Colony. Less than two hundred years later, Americans were able to trade $20.67 for an ounce of gold. In other words, the U.S. dollar was backed by gold. This was an effective system as it limited the monetary supply. In 1933, President Herbert Hoover famously quipped, we have gold because we cannot trust…

Bitcoin Price (BTC) Rebounding But Can Bulls Overcome $10,500?

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Bitcoin price remained well supported above the main $10,000 level against the US Dollar. The price is trading nicely above the $10,250 resistance, but it might struggle near $10,500. Yesterday’s highlighted key declining channel was breached with resistance near $10,140 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently consolidating gains below the $10,450 and $10,500 resistance levels. Bitcoin price is gaining bullish momentum above $10,300 against the US Dollar. BTC must break $10,450 and $10,500 to continue higher in the coming sessions.…

Ethereum Price (ETH) Eyeing Upside Break, Bitcoin Up 2%

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ETH price stayed above the key $175 support and recovered recently against the US Dollar. Bitcoin price is trading nicely and it recently broke the key $10,250 resistance area. This week’s followed major bearish trend line was breached with resistance near $178 on the hourly chart of ETH/USD (data feed via Kraken). The pair is trading above the $180 level and it seems like it could continue to rise towards $185. Ethereum price is trading nicely above $175 versus the US Dollar, while bitcoin jumped above $10,300. ETH price could…

ECB: Cryptocurrency Cannot Be Created By Member States, What This Means For Crypto

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The European Central Bank (ECB) has attacked plans for an Estonian state-operated cryptocurrency.  ECB President, Mario Draghi shut down any talk of the proposal by saying about crypto assets: “No member state can introduce its own currency…The currency of the euro zone is the euro.” Many observers theorize that Draghi’s response is led by a fear of losing monopoly control of the money supply. And for that reason, the division between legacy and crypto ideologies has never been more apparent. European Bank President Says No To Member State Cryptocurrency Estonia…

Will Ripple CEO Address XRP Dumping At Fintech Week?

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Ripple CEO, Brad Garlinghouse is a confirmed keynote speaker at this year’s DC Fintech Week. Although the agenda precludes XRP price, many see this as a further opportunity for Garlinghouse to address concerns over XRP dumping, which some attribute to price stagnation in the divisive token. Will Garlinghouse Address The Issue Of Ripple Dumping XRP? Thought leaders and attendees will gather in Washington DC on October 21-24 to deliberate all matters fintech. This year’s event includes notable industry movers and shakers, such as SEC Chair, Jay Clayton and ConsenSys founder,…

Here’s Why China is Pushing A Central Bank Digital Currency, Not Crypto

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China is set to launch the world’s first central bank digital currency (CBDC). As the majority of central banks, including in the US and Europe, are tentative over issuing their own CBDCs, the People’s Bank of China (PBoC) has gone all-in on the idea of a digital Yuan and not a crypto asset. But this then leads many to question why the Chinese have been so quick off the mark. Nonetheless, details have emerged that officials seek to combat financial crime, but more significantly than that, to manage technological change…