Category: News

Above $9.3K: Bitcoin’s Price Prints 13-Month High

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The price of bitcoin (BTC) hit a 13-month high above $9,300 on Sunday. The leading cryptocurrency by market capitalization rose to $9,325 at  05:45 UTC – the highest price since May 10, 2018, according to CoinDesk’s Bitcoin Price Index. BTC was last seen trading at $9,295, representing 6 percent gains on the day. On a weekly basis, the cryptocurrency is up more than 16 percent. More than $19 billion worth of bitcoin has been traded across cryptocurrency exchanges in the last 24 hours, according to Messari data. Meanwhile, major exchanges…

Bitcoin (BTC) Price Breaks $9k: Next Possible Target $10K

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There were sharp gains in bitcoin price above the $8,000 resistance area against the US Dollar. The price rallied above the $8,500 and $8,800 resistance levels to move into a positive zone. There is a major bullish trend line forming with support near $8,650 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is currently trading above the $9,000 level and it could continue higher towards the $10,000 level. Bitcoin price is gaining bullish momentum above $9,000 against the US Dollar. BTC is likely to…

Ethereum (ETH) Price Weekly Forecast: Break Above $300 Likely

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ETH price rallied recently and broke the $260 and $265 resistance levels against the US Dollar. The price is currently trading near the key $275 resistance, above which it could rally further. There is a major bullish trend line forming with support at $265 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to break the $275 resistance and it could even test the $300 resistance area. Ethereum price is gaining bullish momentum against the US Dollar, similar to bitcoin. ETH is likely to accelerate…

Ethereum Update: Amazon Purchases in The Radar, +60% Growth this Month, ETH 2.0 by Early 2020s

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Ethereum is having a very positive week, not only in terms of prices but also in terms of usability and technological evolution. Ether (ETH) Looking Good On Charts Ether (ETH) —the blockchain’s native cryptocurrency— is having a phenomenal performance so far in June. An increase of 63% following the trend established by Bitcoin (BTC) has caused the token to reach 270$. Courtesy: Coinlib The token’s behavior follows the bullish trend that began last May, after a correction experienced at the beginnings of June due to the sharp fall of Bitcoin…

Fundstrat Bullish on Bitcoin, But Expects BTC Resistance at $9,000

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Bitcoin Could Soon Find Resistance While the crypto industry was hit with a string of bad news, Bitcoin (BTC) has rallied hard over recent days. As of the time of writing this, the leading cryptocurrency is valued at a cool $8,800 per coin, with bulls managing to wrest BTC from the grasps of a correction, which brought the asset to $7,450 last week. While the bullish trend has obviously resumed, with Bitcoin managing to move dramatically higher (~15%) as analysts called for a drop to $7,000 and even lower, Fundstrat…

Family Offices Pour Billions Into eSports, Can Crypto be Next?

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Over recent years, eSports — and gaming, in general — have blown up. You may think crypto may have seen growth, but so too has this fledgling sector. Estimates state that eSports have a global audience of hundreds of millions, most of which are presumably teen-aged or millennial-aged men, and industry value in the billions. While these two industries have almost nothing to do with each other, the growth of gaming may result in a correlated growth in cryptocurrency and blockchain. Here’s why. Family Offices Poised to Foray into Crypto…

The Strange Case of CCN and the Google June 2019 Core Update

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Here at Cointelegraph, we were as shocked as everyone else in and around the crypto-sphere when we learned about the abrupt closure of stalwart crypto media outlet CCN. Established at around the same time as Cointelegraph and CoinDesk, CCN spent years competing for the crypto audience. However, just a couple days later, as many others, we were relieved to hear that CCN was back — although we couldn’t help but feel sceptical regarding several aspects of the story and puzzled by so many questions swirling around it. How come a key player…

Crypto Tidbits: Bakkt’s Bitcoin Futures Near, Facebook’s Libra Backed by Uber, Binance to Block US Clients

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Another week, another round of Crypto Tidbits. It would be fair to say that the past seven days for Bitcoin (BTC) and its ilk have been rather spectacular. Aside from mostly bullish price action, which brought the cryptocurrency to $8,650 for the first time in weeks, instrumental industry developments were numerous. Twitter’s chief executive Jack Dorsey doubled-down on his support for Bitcoin, again lauding it for its potential to become the world’s digital currency. Uber, Lyft, and Spotify were revealed to be backing Facebook’s impending cryptocurrency. And Bakkt finally announced…

Crypto Tidbits: Bakkt’s Bitcoin Futures Near, Facebook’s Libra Backed by Uber, Binance to Block US Clients

boss

Another week, another round of Crypto Tidbits. It would be fair to say that the past seven days for Bitcoin (BTC) and its ilk have been rather spectacular. Aside from mostly bullish price action, which brought the cryptocurrency to $8,650 for the first time in weeks, instrumental industry developments were numerous. Twitter’s chief executive Jack Dorsey doubled-down on his support for Bitcoin, again lauding it for its potential to become the world’s digital currency. Uber, Lyft, and Spotify were revealed to be backing Facebook’s impending cryptocurrency. And Bakkt finally announced…

Coinbase Custody Holds $1.3B in Assets Under Custody, Expects to Hit $2B ‘Soon’

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Coinbase Custody revealed that it holds $1.3 billion in assets under custody (AUC) and the firm expects to hit $2 billion AUC soon in a Twitter thread published on June 13. In a series of tweets, what is evidently the official Coinbase Custody Twitter account reported that last week the company’s CEO, Sam McIngvale, and its chief information security officer, Philip Martin, visited the United Kingdom. The purpose of the visit was reportedly “to discuss the institutional cryptoeconomy with a range of prospects and clients.” During the meeting, the firm’s…