Crypto Market Heading Northwards, Bitcoin Price Sits Calm at $8600 Levels

After a poor drag down last week, the overall cryptocurrency market is showing signs of mild recovery today. While the crypto markets are eyeing a northward journey, Bitcoin still looks hesitant to take the lead. Last week, Bitcoin took a hit as the BTC price first slipped below $9000 and later even below its crucial support at $8700. Now, at press time, Bitcoin is trading at $8641.61 with a market cap of $156 billion. While Bitcoin has been showing a mild response to the market recovery, some of the altcoins…

Bitcoin (BTC) Relatively Muted; Support Estimated Near $8.2K

Bitcoin price is trading below a few important resistances near $8,700 against the US Dollar. The price is somehow holding the $8,420 and $8,375 support levels. There is a major bearish trend line forming with resistance near $8,525 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently correcting higher, but sellers are likely to protect $8,575 or $8,660. Bitcoin price is consolidating below key resistances against the US Dollar. BTC could decline further, but the $8,200 support might protect sharp losses. Bitcoin Price…

Ripple (XRP) Price Resuming Decline, Bitcoin Breaks $8.5K

Ripple price is under pressure and struggling to surpass the $0.2660 resistance against the US dollar. The price is currently declining and it is likely to break the $0.2580 support area. There is a major bearish trend line forming with resistance near $0.2645 on the hourly chart of the XRP/USD pair (data source from Kraken). Conversely, Ethereum is still holding the main $180 and $178 support levels. Ripple price is facing an increase in selling below $0.2650 against the US Dollar, similar to bitcoin. XRP price could continue to move…

Ethereum (ETH) Holding Crucial Support While Bitcoin Is Declining

Ethereum price is still struggling to climb above $186, $188 and $190 resistances against the US Dollar. The price is currently declining and it seems like it could retest the $180 support area. There are two major bearish trend lines forming with resistance near $186 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin is under a lot of pressure and it recently decline below the $8,500 support. Ethereum price is holding an important support versus the US Dollar, while climbing vs bitcoin. ETH price might retest the…

Bitcoin Weekly Forecast: BTC Price Turned Sell On Rallies

After settling below $9,000, bitcoin declined steadily against the US Dollar. The price is under a lot of pressure below the $8,700 and $8,650 resistance levels. There is a crucial bearish trend line forming with resistance near $8,630 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price could correct higher, but it is likely to face sellers near the $8,700 resistance area. Bitcoin price is trading in a bearish zone towards $8,200 against the US Dollar. BTC remains sell on rallies unless there is a…

Bitcoin Traders Are Finding Creative Ways to Avoid KYC

Cryptocurrency traders on Bisq are using Revolut to buy and sell bitcoin without the need for KYC/AML. The decentralized, peer-to-peer marketplace allows anyone to buy or sell cryptocurrency via a range of payment processors and traditional banking services. With Localbitcoins now a twisted nightmare of KYC, privacy-conscious traders have few platforms to which they can turn. But in Bisq, they appear to have found a solution of sorts. Also read: The Bank of Google Wants Your Spending Data Trading Bitcoin Without the Awkward Questions Unlike services such as Localbitcoins or…

Bitcoin Cash Community Funds Eatbch Trip to Ghana

This week members of the Bitcoin Cash (BCH) community donated funds to Eatbch South Sudan volunteer Thiong Deng so he could spread the word about the benefits of BCH at the Young African Leaders Summit. According to Deng, his journey to Uganda and Ghana has been fully funded which includes flight, hotel, visa costs, and a ticket to the event. Also Read: The Bank of Google Wants Your Spending Data Eatbch South Sudan Volunteer Heads to the Young African Leaders Summit Eatbch is easily recognized as the Bitcoin Cash community’s…

Dow Jones Industrial Average above $28000, Bitcoin Disappoints

Traditional markets and indexes are currently hitting new records. In one such first-ever milestone, the Dow Jones Industrial Average rallied to a record 28,000 plus levels on Friday. The rally comes amidst waning tensions in the U.S.-China trade war with the hope of reaching a trade deal between the two economic powerhouses. On Friday, November 15, Dow Jones’s 30-stock average climbed 222.93 points at 28,004. In just the last four months, the Dow Jones price index has surged by 1000 points. Some of the top-performing stock during the same period…